Franklinton Development Association EIN 31-1380384 Form 990 (PDF) Claim this org

Franklinton Development Association FY2022 filing

Not yet claimed Claim this org →

Revitalizes a neighborhood through affordable housing and commercial development for economic growth. For fiscal year 2022 it reported $577K in revenue, $534K in expenses, and $1.2M in net assets.Pt I

Type
Membership association · Community Development
Location
Columbus, OH
Website
franklintondevelopment.org
Filings
5 on file (2020–2022)
Revenue
$577KFY2022
Expenses
$534K
Net assets
$1.2M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-1380384 Membership association Columbus, OH
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Franklinton Development Association claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Revitalizes a neighborhood through affordable housing and commercial development for economic growth.
Leadership
Eric Skidmore · Executive Di · $90K
Money in and out
$577K revenue, $534K expenses
Bottom line
+7% operating surplus
Membership & operating revenue · FY2022
Total revenue
$577K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $43K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Operating surplus
+7%
revenue over expenses
Earned revenue
38%
of revenue from program services & dues
Payroll share
33%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$577K
FY2022▲ +2%
Expenses
$534K
FY2022▲ +17%
Total assets
$7.8M
FY2022▲ +25%
Total liabilities
$6.6M
FY2022▲ +30%
Total revenue
$577K
Pt VIII · Ln 12
Total expenses
$534K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$43K
Total assetsPt X · Ln 16$7.8M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFranklinton Development Association
EINHdr · item D31-1380384
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Jfranklintondevelopment.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S20Z)
Ruling yearIRS BMFDec 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Di
$90,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
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.

See Franklinton Development Association executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

3 program services account for $429K of program spending, described in the organization's own filed words · FY2022.
01

Provide low income rental housing for qualified tenants

$196Kprogram expense
02

Create affordable housing and promote commercial development projects

$181Kprogram expense
03

Provide programming to support neighborhood level intervention efforts in the franklinton community through programs aimed at empowering current residents.

$53Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$357K · 62%
Program service revenue$217K · 38%
Contributions & grants62%$357K
Program service revenue38%$217K
Investment income$2K
— government grantsLn 1e$268K
Total revenueLn 12$577K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$429K
Management & general20%$105K
Total functional expensesLn 25$534K

Balance Sheet

Part X · end of year
CashLn 1$912K
Total assetsLn 16$7.8M
Total liabilitiesLn 26$6.6M
Total net assetsLn 32$1.2M
Months of cash on handcomputed20.5

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $942K · Operating expenses/yr $534K
21.2 months
Where the money goes
Program services
Program services $429K · Total expenses $534K
80%
Management & General
Management & general $105K · Total expenses $534K
20%
Fundraising
Fundraising $0 · Total expenses $534K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $110K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $357K · Total revenue $577K
62%
Government reliance
Government grants $268K · Total revenue $577K
46%
Earned-income share
Program service revenue $217K · Total revenue $577K
38%
Investment reliance
Investment income $2K · Total revenue $577K
+0.4%
Program self-sufficiency
Program service revenue $217K · Total expenses $534K
41%
Growth & trend
Revenue growth (YoY)
This year $577K · Prior year $566K
+2%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $577K · Expenses $534K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $7.8M
Net-asset ratio
Net assets $1.2M · Total assets $7.8M
15%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $30K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.8M
0.4%
People & payroll
Highest Reported Total Compensation
Individual Eric Skidmore · Reported title EXECUTIVE DI · Highest reported compensation $90K · Total expenses $534K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $179K · Total expenses $534K
33%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth 2%
Accounting fee ratio 5%

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

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$67K

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$950K revenue · ⤓ 990 PDF
FY2023$868K revenue · ⤓ 990 PDF
FY2022$577K revenue · viewing · ⤓ 990 PDF
FY2021$566K revenue · ⤓ 990 PDF
FY2020$595K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.