Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
8 people listed on the 990; $98K paid to officers and key staff.
Eric Skidmore’s $102K as Executive Di is at the 74th percentile of top reported officer pay among 1708 $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.
See Franklinton Development Association executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Revitalizes a neighborhood through affordable housing and commercial development for economic growth.
Questions for Franklinton Development Association
Your first name shows with your question. Franklinton Development Association answers here, for everyone.
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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $912K | $655K |
| InvestmentsLn 11–13 | $30K | $33K |
| Land, buildings, equipmentLn 10c | $1.8M | $4.0M |
| Total assetsLn 16 | $7.8M | $8.6M |
| LiabilitiesLn 26 | $6.6M | $7.3M |
| Net assetsLn 32 | $1.2M | $1.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $98K | $59K | $39K | |
| Other salaries and wagesLn 7 | $78K | $47K | $31K | |
| Pension plan contributionsLn 8 | $5K | $3K | $2K | |
| Other employee benefitsLn 9 | $17K | $10K | $7K | |
| Payroll taxesLn 10 | $14K | $9K | $5K | |
| Management feesLn 11a | $19K | $19K | ||
| Accounting feesLn 11c | $24K | $14K | $10K | |
| Advertising and promotionLn 12 | $5K | $3K | $2K | |
| Office expensesLn 13 | $39K | $37K | $2K | |
| OccupancyLn 16 | $35K | $33K | $2K | |
| Conferences, conventions and meetingsLn 19 | $557 | $334 | $223 | |
| InterestLn 20 | $67K | $64K | $3K | |
| Depreciation, depletion and amortizationLn 22 | $151K | $146K | $5K | |
| InsuranceLn 23 | $34K | $25K | $9K | |
| Other expenses (24a–d)Ln 24 | $128K | $123K | $5K | |
| Total functional expensesLn 25 | $716K | $594K | $122K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 13, 2025 | $950K | $846K | $104K | $1.4M | 990 PDF |
| FY2023 ViewingFiled with the IRS Nov 13, 2024 | $868K | $716K | $152K | $1.3M | 990 PDF |
| FY2022Filed with the IRS Nov 6, 2023 | $577K | $534K | $43K | $1.2M | 990 PDF |
| FY2021Filed with the IRS Nov 11, 2022 | $566K | $458K | $108K | $1.1M | 990 PDF |
| FY2020Filed with the IRS Oct 18, 2021 | $595K | $452K | $143K | $1.0M | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $867,613 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, 1 to look at
Part VIII · Statement of revenue $867,613 across 6 lines filed
Part IX · Statement of functional expenses $715,792 across 15 lines filed
Part X · Balance sheet $8,627,575 assets, 12 lines filed
Part XI · Reconciliation of net assets $1,321,217 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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