Franklinton Development Association
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Revitalizes a neighborhood through affordable housing and commercial development for economic growth. For fiscal year 2024 it reported $950K in revenue, $846K in expenses, and $1.4M in net assets.Pt I
Summary of the Filing
Where the work happens
Provide low income rental housing for qualified tenants
Create affordable housing and promote commercial development projects
Provide programming to support neighborhood level intervention efforts in the franklinton community through programs aimed at empowering current residents.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Eric Skidmore’s $102K as Executive Di is at the 74th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Eric Skidmore | $101,694 | $98,000 | $90,000 | $78,956 | $79,626 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 82% | — | — |
| Overhead ratio | 18% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | 10% | — | — |
| Accounting fee ratio | 3% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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