Franklinton Development Association
- Assets
- $6.2m
- Revenue
- $565.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Columbus, OH
- Founding
- 12/1993
- Data as of
- 12/2021
- EIN
- 31-1380384
Organization Overview
Franklinton Development Association, operating under the name Fuel Franklinton, is located in Columbus, OH. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Fuel Franklinton employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Franklinton is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATE AFFORDABLE HOUSING AND PROMOTE COMMERCIAL DEVELOPMENT PROJECTS
PROVIDE LOW INCOME RENTAL HOUSING FOR QUALIFIED TENANTS
PROVIDE PROGRAMMING TO SUPPORT NEIGHBORHOOD LEVEL INTERVENTION EFFORTS IN THE FRANKLINTON COMMUNITY THROUGH PROGRAMS AIMED AT EMPOWERING CURRENT RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Skidmore Executive Di | Officer | 40 | $78,956 |
Carlie Boos President | OfficerTrustee | 2 | $0 |
Chris Ofat Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Youngman Secretary | OfficerTrustee | 1 | $0 |
Casey Mccarty Vice Preside | OfficerTrustee | 1 | $0 |
Lauren Edwards Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,941 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,756 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $289,697 |
| Total Program Service Revenue | $273,349 |
| Investment income | $2,488 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $565,534 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $78,956 |
| Compensation of current officers, directors, key employees. | $31,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,355 |
| Pension plan accruals and contributions | $3,900 |
| Other employee benefits | $17,090 |
| Payroll taxes | $10,196 |
| Fees for services: Management | $13,260 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,618 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $922 |
| Office expenses | $10,304 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,734 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,200 |
| Interest | $67,219 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,914 |
| Insurance | $18,333 |
| All other expenses | $0 |
| Total functional expenses | $457,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $784,670 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,615,784 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,892,199 |
| Investments—publicly traded securities | $34,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $794,772 |
| Total assets | $6,206,426 |
| Accounts payable and accrued expenses | $40,424 |
| Grants payable | $0 |
| Deferred revenue | $243,631 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,312,093 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $478,053 |
| Total liabilities | $5,074,201 |
| Net assets without donor restrictions | $1,132,225 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,206,426 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Franklinton Development Association has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Community Development Collaborative Of Greater Columbus Columbus, OH PURPOSE: COMMUNITY DEVELOP. | $75,000 |
| $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Impact Community Action Columbus, OH | $17,964,278 | $51,062,093 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
Akron Summit Community Action Agency Akron, OH | $9,053,133 | $31,825,266 |
Hocking-Athens Perry Community Action Glouster, OH | $22,374,760 | $30,742,269 |
Capital Area Community Services Inc Lansing, MI | $6,281,706 | $28,298,422 |
Indianapolis Foundation Inc Indianapolis, IN | $352,748,809 | $43,731,535 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Jumpstart Inc Cleveland, OH | $82,356,707 | $21,511,113 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |
Corporation For Ohio Appalachian Development Athens, OH | $7,078,759 | $21,339,241 |