Franklinton Development Association

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 12/2022, 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.

For the year ending 12/2022, Fuel Franklinton generated $576.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $534.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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)Compensation
Carlie Boos
President
$0
Jonathan Youngman
Secretary
$0
Robert Looney
Treasurer
$0
Sarah Posten
Trustee
$0
Sonja Nelson
Trustee
$0
John Thorne
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $267,759
All other contributions, gifts, grants, and similar amounts not included above$89,476
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$357,235
Total Program Service Revenue$217,204
Investment income $2,200
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 $576,639

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