Franklin Housing Collaborative
- Assets
- $5.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Franklin, TN
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 47-0901382
Organization Overview
Franklin Housing Collaborative is located in Franklin, TN. The organization was established in 2004. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, 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 Housing Collaborative 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 12/2021, Franklin Housing Collaborative generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.9% each year . All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derwin Jackson President/ceo | Officer | 15 | $0 |
Darlene Morton Vice-Chairperson | Trustee | 0.2 | $0 |
Ethel Scruggs Director | Trustee | 0.2 | $0 |
Scott Black Chairman | Trustee | 0.2 | $0 |
Bob Barrett Director | Trustee | 0.2 | $0 |
Donnell Lane Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $133,927 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $134,927 |
| Total Program Service Revenue | $1,014,567 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $48,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,198,317 |
| 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. | $94,585 |
| Compensation of current officers, directors, key employees. | $94,585 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $467,635 |
| Pension plan accruals and contributions | $61,141 |
| Other employee benefits | $74,227 |
| Payroll taxes | $58,825 |
| Fees for services: Management | $11,011 |
| Fees for services: Legal | $555 |
| Fees for services: Accounting | $42,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,728 |
| Advertising and promotion | $0 |
| Office expenses | $40,924 |
| Information technology | $3,308 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,009 |
| Insurance | $19,542 |
| All other expenses | $0 |
| Total functional expenses | $1,155,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $878,631 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,114,431 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,364,672 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $484,539 |
| Total assets | $5,842,273 |
| Accounts payable and accrued expenses | $297,534 |
| Grants payable | $0 |
| Deferred revenue | $3,282 |
| 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 | $2,128,750 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $384,042 |
| Total liabilities | $2,813,608 |
| Net assets without donor restrictions | $2,981,750 |
| Net assets with donor restrictions | $46,915 |
| 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 | $5,842,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Franklin Housing Collaborative Franklin, TN | $5,842,273 | $1,198,317 |
Military Housing And Lodging Institute Leesburg, VA | $1,941,869 | $1,690,527 |
Housing Tonight Inc Atlanta, GA | $0 | $341,734 |
Oaksatl Community Development Incorporated Atlanta, GA | $4,055,029 | $1,078,348 |
Ucc Living Center Incorporated Chapel Hill, NC | $899,428 | $311,216 |
Housing Information Center Of Kansas City Kansas City, MO | $44,011 | $237,476 |
Blue Ridge Housing Network Inc Front Royal, VA | $1,011,561 | $266,512 |
Soque River Watershed Association Inc Clarkesville, GA | $215,852 | $191,996 |
Atlanta Real Estate Collaborative Inc Atlanta, GA | $0 | $168,150 |
National Aids Housing Coalition Inc Birmingham, AL | $59,445 | $0 |
Matthew 25 Center Burgaw, NC | $233,364 | $31,089 |
Wolf River Conservation Society Inc Pass Christian, MS | $63,676 | $0 |