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← FRANKLINTON DEVELOPMENT ASSOCIATION

Form 990 for tax year 2022

Filed by FRANKLINTON DEVELOPMENT ASSOCIATION.

Totals

Total revenue
$576,639
Total expenses
$534,002
Contributions and grants received
$357,235
Grants paid
$0
Program service revenue
$217,204
Investment income
$2,200
Other revenue
$0
Total assets, end of year
$7,750,057
Total liabilities, end of year
$6,581,534
Net assets or fund balances, end of year
$1,168,523
Program services expenses (Part IX)
$429,202
Management and general expenses
$104,800
Fundraising expenses
$0
Program service expenses (Part III)
$429,202

Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $267,759

  • 1f · All other contributions, gifts and grants

    $89,476

  • 2a · Program service revenue: RENTALS

    total $133,342 · related or exempt $133,342

  • 2b · Program service revenue: ACCRUED INTEREST INCOME

    total $62,859 · related or exempt $62,859

  • 2c · Program service revenue: DEVELOPER FEES

    total $21,003 · related or exempt $21,003

  • 3 · Investment income

    total $2,200 · related or exempt $2,200

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · program services $54,000 · management and general $36,000

  • 7 · Other salaries and wages

    total $56,000 · program services $33,600 · management and general $22,400

  • 8 · Pension plan contributions

    total $4,380 · program services $2,628 · management and general $1,752

  • 9 · Other employee benefits

    total $16,952 · program services $10,171 · management and general $6,781

  • 10 · Payroll taxes

    total $11,534 · program services $7,788 · management and general $3,746

  • 11a · Fees: management

    total $12,155 · program services $12,155

  • 11c · Fees: accounting

    total $26,862 · program services $16,117 · management and general $10,745

  • 12 · Advertising and promotion

    total $1,756 · program services $1,053 · management and general $703

  • 13 · Office expenses

    total $14,261 · program services $10,790 · management and general $3,471

  • 16 · Occupancy

    total $17,650 · program services $15,801 · management and general $1,849

  • 19 · Conferences, conventions and meetings

    total $3,795 · program services $2,277 · management and general $1,518

  • 20 · Interest

    total $63,137 · program services $59,952 · management and general $3,185

  • 22 · Depreciation, depletion and amortization

    total $100,538 · program services $95,674 · management and general $4,864

  • 23 · Insurance

    total $26,953 · program services $21,388 · management and general $5,565

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $62,500 · program services $61,817 · management and general $683

  • 24b · Other expenses: COMMUNITY ENGAGEMENT

    total $21,685 · program services $21,685

  • 24c · Other expenses: DUES

    total $3,189 · program services $1,913 · management and general $1,276

  • 24d · Other expenses: OTHER

    total $655 · program services $393 · management and general $262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $784,670 · end of year $911,723

  • 4 · Accounts receivable

    beginning of year $84,615

  • 7 · Other notes and loans receivable

    beginning of year $2,615,784 · end of year $2,615,784

  • 10a · Land, buildings and equipment: cost or other basis

    $2,620,381

  • 10b · Land, buildings and equipment: accumulated depreciation

    $828,719

  • 10c · Land, buildings and equipment, net

    beginning of year $1,892,199 · end of year $1,791,662

  • 11 · Investments: publicly traded securities

    beginning of year $34,386 · end of year $30,139

  • 15 · Other assets

    beginning of year $794,772 · end of year $2,400,749

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,424 · end of year $31,011

  • 18 · Grants payable

    end of year $100,000

  • 19 · Deferred revenue

    beginning of year $243,631 · end of year $120,359

  • 23 · Secured mortgages and notes payable

    beginning of year $4,312,093 · end of year $5,821,738

  • 25 · Other liabilities

    beginning of year $478,053 · end of year $508,426

  • 27 · Net assets without donor restrictions

    beginning of year $1,132,225 · end of year $1,168,523

Mission and programs · 2022

Mission

THE FRANKLINTON DEVELOPMENT ASSOCIATION IS A COMMUNITY DEVELOPMENT COPORATION FORMED TO LEAD THE REVITALIZATION OF THE FRANKLINTON NEIGHBORHHOOD OF COLUMUBS OHIO THROUGH THE CREATION OF AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT FOR ECONOMIC GROWTH.

  • CREATE AFFORDABLE HOUSING AND PROMOTE COMMERCIAL DEVELOPMENT PROJECTS

    Expenses $180,671 · Revenue $83,862

  • PROVIDE LOW INCOME RENTAL HOUSING FOR QUALIFIED TENANTS

    Expenses $195,836 · Revenue $133,342

  • PROVIDE PROGRAMMING TO SUPPORT NEIGHBORHOOD LEVEL INTERVENTION EFFORTS IN THE FRANKLINTON COMMUNITY THROUGH PROGRAMS AIMED AT EMPOWERING CURRENT RESIDENTS.

    Expenses $52,695

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Carlie Boos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Youngman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robert Looney

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sarah Posten

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Sonja Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Thorne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kelan Craig

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Eric Skidmore

    EXECUTIVE DI

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • FDA-BOULEVARD HOMES CORP

    C CORP · REAL ESTAT · OH · 0.005% owned · share of income $9,222 · share of assets $2,618,103

    Directly controlled by FDA FRANKLINTON DEV

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343109349301109

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