CHESTNUT SENIOR HOUSING D/B/A FRANKLIN GARDENS

EIN: 261885836 501(c)(3) Housing & Shelter

AUSTIN, TX

Total Revenue
$489,230
Total Expenses
$363,130
Total Assets
$2,438,010
Net Assets
$1,427,505
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
TX
Principal Officer
SEAN GARRETSON
Phone
8303722660
Tax Period
2023-01-01 to 2023-12-31

CHESTNUT SENIOR HOUSING D/B/A FRANKLIN GARDENS, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $489K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $126K, a strong 26% operating margin.

Mission

PROVIDES HOUSING TO ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

Program Service Accomplishments

Program 1
Expenses: $333,703 Revenue: $488,582

PROVIDES HOUSING TO ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AN AGREEMENT WITH THE DEPARTMENT OF HUD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $488,582
Investment Income $648
Other Revenue $0
TOTAL REVENUE $489,230

Expense Breakdown

Grants Paid $0
Salaries & Benefits $58,619
Fundraising Expenses $0
Program Expenses $333,703
Other Expenses $304,511
TOTAL EXPENSES $363,130

Year-over-Year Comparison

2023 2022 Change
Revenue $489,230 $275,361 +0.8%
Expenses $363,130 $373,167 0.0%
Net Income $126,100 $-97,806 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN GARRETSON PRESIDENT N/A
Officer
$0 $0 $0
JAMES JOHNSON VICE PRESIDE N/A
Officer
$0 $0 $0
EDNA RHAMBO DIRECTOR N/A
Director
$0 $0 $0
MICHAEL WILT DIRECTOR N/A
Director
$0 $0 $0
SAM COVEY DIRECTOR N/A
Director
$0 $0 $0
WILLIS HUNT DIRECTOR N/A
Director
$0 $0 $0
PAM SHOAF DIRECTOR N/A
Director
$0 $0 $0
JOHN WILLIAMS-MEYER DIRECTOR N/A
Director
$0 $0 $0
TANYA BIRKS DIRECTOR N/A
Director
$0 $0 $0
DAVID CARROLL DIRECTOR N/A
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $489,230 $363,130 $2,438,010 $126,100
2022 $275,361 $373,167 $2,312,005 $-97,806
2021 $232,651 $305,723 $2,430,803 $-73,072
2020 $209,501 $289,489 $2,489,368 $-79,988
2019 $208,592 $272,958 $2,560,330 $-64,366
2018 $203,613 $268,939 $2,625,809 $-65,326
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