Franklin Home For The Aged Association
- Assets
- $25.2m
- Revenue
- $1.8m
- Investments
- $1.5m
- Employees
- 0
- Location
- Franklin, NH
- Founding
- 03/1995
- Data as of
- 12/2022
- EIN
- 02-0202330
Organization Overview
Franklin Home For The Aged Association is located in Franklin, NH. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Home For The Aged Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Franklin Home For The Aged Association generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRANKLIN HOME FOR THE AGED BEGAN AS A PLACE FOR ELDERS IN THE COMMUNITY WHO ORIGINALLY WORKED IN THE MILLS TO LIVE OUT THEIR RETIREMENT YEARS. THREE FOUNDING FAMILIES POOLED RESOURCES AND A PORTION OF THEIR ACCUMULATED WEALTH TO ESTABLISH THE HOME INCORPORATING AS AN ASSOCIATION IN 1938.WE EARNED OUR OFFICIAL NONPROFIT STATUS IN LATER YEARS BUT NOT BEFORE THE ORIGINAL MANSION WAS OPENED IN 1944. SINCE SO MANY LOCALS REFERRED TO THE HOME AS THE 'PEABODY HOME' DUE TO THE ORIGINAL PEABODY HOMESTEAD ON WHICH THE CURRENT STRUCTURE WAS BUILT, THAT THE INFORMAL NAME BECAME OUR ACTUAL TITLE. PEABODY HAS BEEN A FIXTURE IN THE THREE RIVERS CITY OF FRANKLIN FOR OVER 80 YEARS PROVIDING QUALITY CARE FOR SENIORS GENERATION AFTER GENERATION.(SEE CONTINUED...)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Seufert Chair | 10 | $0 | |
Robert Lucas Vice Chair | 1 | $0 | |
Wanda Belyea Treasurer | 1 | $0 | |
Kathy Fuller Secretary | 1 | $0 | |
John Benham Member | 10 | $0 | |
Duncan Coolidge Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glendale Senior Dining | 12/30/22 | $427,058 |
Engelberth Construction | 12/30/22 | $3,345,682 |
Ega Architects Pc | 12/30/22 | $51,031 |
Lawrence Recruiting Specialist | 12/30/22 | $87,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,063 |
| Interest on Savings | $122 |
| Dividends & Interest | $47,792 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$641,172 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,350,984 |
| Total Revenue | $1,809,789 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $129,286 |
| Other employee salaries and wages | $1,538,823 |
| Pension plans, employee benefits | $228,630 |
| Interest | $0 |
| Taxes | $10,543 |
| Depreciation | $493,066 |
| Occupancy | $249,211 |
| Travel, conferences, and meetings | $178 |
| Printing and publications | $0 |
| Other expenses | $664,161 |
| Total operating and administrative expenses | $3,836,520 |
| Contributions, gifts, grants paid | $2,100 |
| Total expenses and disbursements | $3,838,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,512 |
| Savings and temporary cash investments | $543,928 |
| Net Accounts receivable | $13,116 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $5,759 |
| Prepaid expenses and deferred charges | $21,353 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $221,881 |
| Net Land, buildings, and equipment | $23,040,495 |
| Other assets | $339 |
| Total assets | $25,182,138 |
| Accounts payable and accrued expenses | $1,260,626 |
| Grants payable | $0 |
| Deferred revenue | $273,719 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $21,655,050 |
| Other liabilities | $943,246 |
| Total liabilities | $24,132,641 |
Grants Awarded
Over the last fiscal year, Franklin Home For The Aged Association has awarded $2,100 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GRAND LODGE OF NH CHARITABLE FUND PURPOSE: DONATION TO THEIR CHARITY FOR MEMBERS HELPING PEABODY MOVE INTO THE NEW BUILDING. | $2,000 |
FRANKLIN CHRISTMAS LIGHTING FUND PURPOSE: DONATION | $100 |