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Franklinton Development Association

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311380384 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

Overview

What is Franklinton Development Association?

The Franklinton Development Association is a community development corporation situated in Columbus, Ohio. With a dedicated workforce of two individuals, their primary mission is to revitalize the Franklinton neighborhood by creating affordable housing and facilitating commercial development projects. This strategic approach aims to stimulate economic growth within the community. The association serves as a catalyst for positive change, working tirelessly to enhance the living conditions and opportunities for the residents of Franklinton.


Is Franklinton Development Association legitimate?

Franklinton Development Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklinton Development Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $90,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,000

For more financial information, click here


What is the mission statement of Franklinton Development Association?
Who is the CEO of Franklinton Development Association?
What is the revenue of Franklinton Development Association?
Who are the executives of Franklinton Development Association and what are their salaries?
Where can I find the form 990 for Franklinton Development Association?

Mission Statement of Franklinton Development Association

The Franklinton Development Association, as a community development corporation, is committed to revitalizing the Franklinton neighborhood in Columbus, Ohio. Their mission is twofold: firstly, they aim to create affordable housing within the community, providing a much-needed solution for residents seeking affordable living options. Secondly, they focus on promoting commercial development projects, thereby fostering economic growth in the area. By undertaking these initiatives, the Franklinton Development Association seeks to contribute positively to the neighborhood's overall development and improvement.

Impact

This information is meant to be a general summary of Franklinton Development Association. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Franklinton Development Association's impact can be seen in the revitalization of the Franklinton neighborhood in Columbus, Ohio. Through their efforts to create affordable housing and promote commercial development projects, they are driving economic growth in the community. Their work is not only transforming the physical landscape of the neighborhood but also providing opportunities for residents to thrive. The organization's commitment to community improvement is evident in the positive changes taking place in Franklinton.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,200
  • Program Service Revenue: $217,204
  • Gross Receipts: $576,639

    • Assets and Liabilities:
  • Total Assets: $7,750,057
  • Total Liabilities: $6,581,534
  • Net Assets: $1,168,523
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTALS

    Revenue

    $133,342

    ACCRUED INTEREST INCOME

    Revenue

    $62,859

    DEVELOPER FEES

    Revenue

    $21,003

    Organization Details

    Founding Year

    1993

    Principal Officer

    Carlie Boos

    Main Address

    1091 WEST BROAD STREET, COLUMBUS, OH, 43222

    NTEE Category

    Code: S20Z - Community improvement

    If you are a representative of Franklinton Development Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.