Overview
What is Franklin Housing Collaborative?
Franklin Housing Collaborative is a nonprofit organization situated in Franklin, Tennessee, specifically at 200 Spring Street. Their primary objective is to promote affordable and workforce housing for individuals across various income levels. Additionally, they offer assistance to low-income individuals to enhance their lives, both socially and economically, by imparting necessary skills. This education, instruction, and guidance aim to foster self-improvement and self-sufficiency, ultimately contributing to their overall personal growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Franklin Housing Collaborative has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 94% in the Accountability & Finance category, the organization demonstrates robust governance practices, including a board composed entirely of independent members and a well-structured audit and oversight committee.
Financially, the organization excels with a program expense ratio of 83.78%, indicating that a significant majority of its expenditures directly support its mission. Additionally, the low liabilities to assets ratio of 30.16% suggests a sound financial foundation, which is crucial for long-term sustainability. The presence of comprehensive policies related to conflict of interest, whistleblower protection, and document retention further underscores its dedication to transparency and ethical operations.
Overall, the Franklin Housing Collaborative appears to be a well-managed nonprofit effectively utilizing its resources to fulfill its mission. There are no significant limitations or concerns noted in the data, making it a strong candidate for donor support and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin Housing Collaborative legitimate?
Franklin Housing Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Housing Collaborative 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Franklin Housing Collaborative?
The Franklin Housing Collaborative's mission is centered around promoting affordable and workforce housing for individuals across different income levels. Their goal is to provide assistance to low-income individuals, aiming to enhance their quality of life, social skills, economic status, and personal development. This is achieved through educational programs, instruction, and guidance, which are designed to foster self-improvement and self-sufficiency.
Who is the CEO of Franklin Housing Collaborative?
Derwin Jackson is the Vice-Chairperson of Franklin Housing Collaborative. The CEO's salary of Franklin Housing Collaborative is $0 and their total compensation is $265,025.
What is the revenue of Franklin Housing Collaborative?
Franklin Housing Collaborative's revenue in 2022 was $1,183,611.
Who are the executives of Franklin Housing Collaborative and what are their salaries?
There 15 volunteers at Franklin Housing Collaborative.
Here are 6 key members and their salaries (Franklin Housing Collaborative's CEO's salary is $0 and their total compensation is $265,025):
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $231,823
- Other: $33,202
Where can I find the form 990 for Franklin Housing Collaborative?
Franklin Housing Collaborative's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Franklin Housing Collaborative
Franklin Housing Collaborative is committed to promoting affordable and workforce housing options for individuals across various income levels. Their primary goal is to provide assistance to low-income individuals, aiming to enhance their lives, social status, economic standing, and personal skills. Through education, instruction, and guidance, Franklin Housing Collaborative fosters self-improvement and self-sufficiency, enabling these individuals to lead more fulfilling lives. In essence, the organization seeks to make housing more accessible and empower people to improve their living conditions and personal development.
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Impact
July, 2024
Franklin Housing Collaborative is dedicated to promoting affordable and workforce housing to various income levels in Franklin, TN. They provide assistance to low-income individuals, imparting better life, social, economic, and personal skills to foster self-improvement and self-sufficiency through education, instruction, and guidance. Their impact is evident in the improved access to housing for individuals across different income brackets, as well as the empowerment of low-income individuals to enhance their quality of life and achieve self-sufficiency.
This information is meant to be a general summary of Franklin Housing Collaborative. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,123,523
- Gross Receipts: $1,183,611
Assets and Liabilities:
- Total Assets: $4,704,285
- Total Liabilities: $1,419,276
- Net Assets: $3,285,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NON-TENANT RENTAL INCOME
Revenue
$58,325
TENANT RENTAL INCOME
Revenue
$203,415
MANAGEMENT FEE INCOME
Revenue
$358,784
MAINTENANCE LABOR FEE INCOME
Revenue
$279,625
DEVELOPER FEE
Revenue
$150,939
Organization Details
Founding Year
2004
Phone
(615) 794-1247Principal Officer
Derwin Jackson
Main Address
200 SPRING STREET, FRANKLIN, TN, 37064
NTEE Category
Code: L30 - Housing
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