Franklinton Rising
- Assets
- $1.5m
- Revenue
- $434.1k
- Investments
- $0.0
- Employees
- 1
- Location
- Hilliard, OH
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-1508832
Organization Overview
Franklinton Rising is located in Hilliard, OH. The organization was established in 2015. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Franklinton Rising 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, Franklinton Rising generated $434.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $164.1k during the year ending 12/2021. While expenses have increased by 20.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE WORKFORCE DEVELOPMENT IN CONSTRUCTION AND REBUILD BLIGHTED HOUSING. REBUILT UNITS ARE MAINTAINED FOR RENTAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE CALENDAR YEAR 2021, THE ORGANIZATION CONTINUED TO RENOVATE, REMODEL, AND UPGRADE BLIGHTED BUILDINGS IN THE FRANKLINTON NEIGHBORHOOD. DURING THE YEAR 2021, 389,239 WORTH OF BUILDINGS HAD BEEN COMPLETED AND PUT FORWARD AS RENTAL PROPERTIES. THE ORGANIZATION ALSO SPENT ADDITIONAL EXPENDITURE OF 190,420 AS ONGOING RENOVATION PROJECT. THE AMOUNT IS CAPITALIZED AS CONSTRUCTION IN PROGRESS.
BESIDES THE IMPROVEMENTS ON THE BLIGHTED BUILDINGS, TRAINING INDOVIDUALS TO ACQUIRE JOB SKILLS IN CONSTRUCTION WORK IS ANOTHER GOAL OF THIS ORGANIZATION. THE AMOUNT SPENT REPRESENTS INVESTMENT ON THESE INDIVIDUALS FOR TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Wathen Chairman | OfficerTrustee | 0.75 | $0 |
Tom Heffner President | OfficerTrustee | 37 | $0 |
Michael Reidelbach Treasurer | OfficerTrustee | 0.5 | $0 |
Fred Brothers Secretary | Officer | 0.5 | $0 |
Steve Arnold Trustee | Trustee | 0.5 | $0 |
Kevin Hake Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $239,653 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,156 |
| Total Program Service Revenue | $94,495 |
| Investment income | $8,450 |
| 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 | $434,101 |
| 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. | $78,152 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,749 |
| Fees for services: Management | $8,052 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,470 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,063 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,602 |
| Insurance | $10,683 |
| All other expenses | $2,625 |
| Total functional expenses | $164,070 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $444,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,094,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,539,379 |
| Accounts payable and accrued expenses | $1,244 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $721,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $722,461 |
| Net assets without donor restrictions | $0 |
| 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 | $816,918 |
| Total liabilities and net assets/fund balances | $1,539,379 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Franklinton Rising has recieved totaling $106,395.
| Awarding Organization | Amount |
|---|---|
Community Development Collaborative Of Greater Columbus Columbus, OH PURPOSE: COMMUNITY DEVELOP. | $30,000 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $30,000 |
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $17,390 |
Columbus Realtors Foundation Columbus, OH PURPOSE: FUNDS TO SUPPORT THE REHAB OF THREE PROPERTIES IN FRANKLINTON WITH THE HELP OF BUILDING TRADES YOUTH. | $11,000 |
Ingram-White Castle Foundation Columbus, OH PURPOSE: EDUCATION | $10,000 |
Gainesville Council On Aging Inc Hilliard, OH PURPOSE: GENERAL OPERATIONS | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Alliance For Housing Oakland County Continuum Of Care Pontiac, MI | $25,935,962 | $39,151,253 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |