Civic Intelligence

Franklin Housing Collaborative

990 • Fiscal year 2023 • EIN 47-0901382

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 04, 2024

Organization ProfileN/A
200 Spring StreetFranklin, TN 37064

(615) 794-1247

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.27x

Higher debt load relative to assets than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

87th percentile

0.88x

Higher debt load relative to revenue than 87% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$277,427

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 22.1% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-12%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

49th percentile

6.1%

Faster revenue growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$4,120,846

Down $583,439 (-12%) from 2022

Net Assets

Down

$3,015,217

Down $269,792 (-8.2%) from 2022

Liabilities

Down

$1,105,629

Down $313,647 (-22%) from 2022

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin17th percentile

Revenue

Up

$1,256,391

Up $72,780 (+6.1%) from 2022

Expenses

Up

$1,476,185

Up $305,509 (+26%) from 2022

Net Income

Down

-$219,794

Down $232,729 (-1799%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $142,595Net Assets 2012: $142,5952012Assets 2013: $199,802Net Assets 2013: $199,8022013Assets 2014: $313,541Liabilities 2014: $15,187Net Assets 2014: $298,3542014Assets 2015: $486,456Liabilities 2015: $25,171Net Assets 2015: $461,2852015Assets 2016: $769,856Liabilities 2016: $16,222Net Assets 2016: $753,6342016Assets 2017: $1,569,666Liabilities 2017: $886,729Net Assets 2017: $682,9372017Assets 2018: $4,636,707Liabilities 2018: $1,430,038Net Assets 2018: $3,206,6692018Assets 2019: $5,316,044Liabilities 2019: $1,974,031Net Assets 2019: $3,342,0132019Assets 2020: $5,209,632Liabilities 2020: $2,156,483Net Assets 2020: $3,053,1492020Assets 2021: $5,842,273Liabilities 2021: $2,813,608Net Assets 2021: $3,028,6652021Assets 2022: $4,704,285Liabilities 2022: $1,419,276Net Assets 2022: $3,285,0092022Assets 2023: $4,120,846Liabilities 2023: $1,105,629Net Assets 2023: $3,015,2172023Assets 2024: $5,425,015Liabilities 2024: $1,606,980Net Assets 2024: $3,818,0352024

Highlighted filing

2023

Assets$4,120,846
Liabilities$1,105,629
Net Assets$3,015,217
Open 2023 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $66,135Expenses 2012: $3,198Net Income 2012: $62,9372012Revenue 2013: $69,902Expenses 2013: $12,695Net Income 2013: $57,2072013Revenue 2014: $147,859Expenses 2014: $49,307Net Income 2014: $98,5522014Revenue 2015: $282,813Expenses 2015: $111,388Net Income 2015: $171,4252015Revenue 2016: $606,862Expenses 2016: $314,513Net Income 2016: $292,3492016Revenue 2017: $399,315Expenses 2017: $470,012Net Income 2017: -$70,6972017Revenue 2018: $3,022,244Expenses 2018: $498,512Net Income 2018: $2,523,7322018Revenue 2019: $1,255,679Expenses 2019: $698,035Net Income 2019: $557,6442019Revenue 2020: $2,088,053Expenses 2020: $816,917Net Income 2020: $1,271,1362020Revenue 2021: $1,198,317Expenses 2021: $1,155,766Net Income 2021: $42,5512021Revenue 2022: $1,183,611Expenses 2022: $1,170,676Net Income 2022: $12,9352022Revenue 2023: $1,256,391Expenses 2023: $1,476,185Net Income 2023: -$219,7942023Revenue 2024: $1,694,553Expenses 2024: $2,168,826Net Income 2024: -$474,2732024

Highlighted filing

2023

Revenue$1,256,391
Expenses$1,476,185
Net Income-$219,794
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 4, 2024
Return Version
2023v5.1
Gross Receipts
$1,256,391
Mission and Program Overview

Mission

Our mission is to promote affordable/workforce housing to various income levels and provide assistance to low-income individuals to impart better life, social, economic and personal skills to foster

Our mission is to promote affordable/workforce housing to various income levels and provide assistance to low-income individuals to impart better life, social, economic and personal skills to foster self-improvement and self-sufficiency through education, instruction and guidance

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,006,532$1,928,893▼ $77,639
Accounts Receivable$592,677$991,106▲ $398,429
Cash and Non-Interest-Bearing Accounts$1,250,588$252,178▼ $998,410
Prepaid Expenses and Deferred Charges$9,404$35,319▲ $25,915
Total Assets$4,704,285$4,120,846▼ $583,439
Other Assets Total$845,084$913,350▲ $68,266
Liabilities
Mortgage Notes Payable Secured by Investment Property$814,582$755,399▼ $59,183
Accounts Payable and Accrued Expenses$177,473$207,933▲ $30,460
Other Liabilities$360,182$111,052▼ $249,130
Deferred Revenue$67,039$31,245▼ $35,794
Total Liabilities$1,419,276$1,105,629▼ $313,647
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,285,009$3,015,217▼ $269,792
Total Net Assets Fund Balance$3,285,009$3,015,217▼ $269,792
Total Liabilities and Net Assets / Fund Balance$4,704,285$4,120,846▼ $583,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,544,022$678,567-
Other Land Buildings$287,755--
Land$38,814--
Equipment$58,302$102,686-
Other Assets Org$760,400--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Derwin JacksonPresident/CEOPT$277,427$277,427

Board Members and Trustees

NameTitle
Scott BlackChairman
Darlene MortonVice-chairperson
Bob BarrettDirector
Donnell LaneDirector
Ethel ScruggsDirector
Derwin Jackson-
Revenue and Support

Revenue Composition

Contributions and Grants
$48,223
Program Service Revenue
$1,208,168
Investment Income
$0
Other Revenue
$0
All Other Contributions
$842
Change in Net Assets
$-219,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,476,185
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$758,427$133,840$0$892,267
Other Expenses$178,798$19,867$0$198,665
Depreciation Depletion$85,613$15,108$0$100,721
Travel$18,425$27,637$0$46,062
Fees for Service Investment Mgmnt Fees$36,029$6,358$0$42,387
Office Expenses$35,578$6,278$0$41,856
Fees for Services Accounting$34,086$6,015$0$40,101
Interest$31,924$0$0$31,924
Insurance$11,903$2,100$0$14,003
Fees for Services Legal$9,568$1,688$0$11,256
Information Technology$2,366$417$0$2,783
Total Functional Expenses$1,249,695$226,490$0$1,476,185
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable Due to Related Organization (franklin Hsg Authority)$104,102
Security Deposit Liability$6,950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Franklin Housing Collaborative
EIN
47-0901382
Phone
6157941247
Address
200 SPRING STREET, FRANKLIN, TN 37064

Signing Officer

Name
Derwin Jackson
Title
President/CEO
Phone
6157941247
Signed
2024-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derwin Jackson
Formed
2004
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
15

Preparer

Firm
Henderson & Pilleteri LLC
Address
200 CHASE PARK SOUTH, BIRMINGHAM, AL 35244
Preparer
Ben Pilleteri
Phone
2059820992
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Michael lloyd, fee accountant read the draft 990 and supporting schedules provided by the cpa and traced amounts to the organizations accounting records. Any differences were discussed with the cpa to ensure the accuracy of the 990. All questions and disclosures were verified by the fee accountant during his review. Also, each board member receives, reviews, and approves the 990.”

Pt VI, Line 8A

“The organization documents the meetings held and actions taken by the board of directors during the year and maintains on file, copies of these documents.”

Pt VI, Line 12C

“Annual memos are distributed to document compliance for the year.”

Pt VI, Line 19

“Upon written request, the organization will make available the governing documents, policies and/or financial statements.”

Pt XI

“Other changes in net assets includes a $50,000 transfer of funds to franklin housing authority, a related organization, from franklin housing collaborative for affordable housing development purposes.”

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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0678567
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02222589
IRS990ScheduleD/EquipmentGrp/BookValueAmt058302
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0102686
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0160988
IRS990ScheduleD/LandGrp/BookValueAmt038814
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038814
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0152950
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1760400
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0AFFORDABLE HOUSING UNITS HELD FOR RESALE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1AMOUNTS DUE FROM RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
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IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0287755
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06950
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1104102
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE DUE TO RELATED ORGANIZATION (FRANKLIN HSG AUTHORITY)
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0913350
IRS990ScheduleD/TotalLiabilityAmt0111052
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERWIN JACKSON
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IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHAEL LLOYD, FEE ACCOUNTANT READ THE DRAFT 990 AND SUPPORTING SCHEDULES PROVIDED BY THE CPA AND TRACED AMOUNTS TO THE ORGANIZATIONS ACCOUNTING RECORDS. ANY DIFFERENCES WERE DISCUSSED WITH THE CPA TO ENSURE THE ACCURACY OF THE 990. ALL QUESTIONS AND DISCLOSURES WERE VERIFIED BY THE FEE ACCOUNTANT DURING HIS REVIEW. ALSO, EACH BOARD MEMBER RECEIVES, REVIEWS, AND APPROVES THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOCUMENTS THE MEETINGS HELD AND ACTIONS TAKEN BY THE BOARD OF DIRECTORS DURING THE YEAR AND MAINTAINS ON FILE, COPIES OF THESE DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL MEMOS ARE DISTRIBUTED TO DOCUMENT COMPLIANCE FOR THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON WRITTEN REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE THE GOVERNING DOCUMENTS, POLICIES AND/OR FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER CHANGES IN NET ASSETS INCLUDES A $50,000 TRANSFER OF FUNDS TO FRANKLIN HOUSING AUTHORITY, A RELATED ORGANIZATION, FROM FRANKLIN HOUSING COLLABORATIVE FOR AFFORDABLE HOUSING DEVELOPMENT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt XI
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt3FRANKLIN HOUSING COLLABORATIVE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt4FRANKLIN HOUSING COLLABORATIVE
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct11.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct21.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct31.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct41.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt3AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt4AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0FHC SPRING JOHNSON INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt1FHC CHICKASAW INC

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,120,846
Liabilities
$1,105,629
Net assets
$3,015,217
Revenue
$1,256,391
Expenses
$1,476,185
Net income
-$219,794
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.43$1.61$3.82$1.69$2.17$0.47
2023Detailed filing. Detailed filing data is available for this year.$4.12$1.11$3.02$1.26$1.48$0.22
2022Detailed filing. Detailed filing data is available for this year.$4.70$1.42$3.29$1.18$1.17$0.01
2021Detailed filing. Detailed filing data is available for this year.$5.84$2.81$3.03$1.20$1.16$0.04
2020Detailed filing. Detailed filing data is available for this year.$5.21$2.16$3.05$2.09$0.82$1.27
2019Detailed filing. Detailed filing data is available for this year.$5.32$1.97$3.34$1.26$0.70$0.56
2018Detailed filing. Detailed filing data is available for this year.$4.64$1.43$3.21$3.02$0.50$2.52
2017Detailed filing. Detailed filing data is available for this year.$1.57$0.89$0.68$0.40$0.47$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.77$0.02$0.75$0.61$0.31$0.29
2015Detailed filing. Detailed filing data is available for this year.$0.49$0.03$0.46$0.28$0.11$0.17
2014Detailed filing. Detailed filing data is available for this year.$0.31$0.02$0.30$0.15$0.05$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.20$0.20$0.07$0.01$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.14$0.07$0.00$0.06