FRANKLIN HOUSING COLLABORATIVE (EIN 470901382) - Form 990 Financial Analysis & Trantor Score

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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

2004

Legal Domicile

Principal Officer

DERWIN JACKSON

Phone

6157941247

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN HOUSING COLLABORATIVE, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.2M exceeded revenue, resulting in a 28% operating deficit.

Mission

OUR MISSION IS TO PROMOTE AFFORDABLE/WORKFORCE HOUSING TO VARIOUS INCOME LEVELS AND PROVIDE ASSISTANCE TO LOW-INCOME INDIVIDUALS TO IMPART BETTER LIFE, SOCIAL, ECONOMIC AND PERSONAL SKILLS TO FOSTER SELF-IMPROVEMENT AND SELF-SUFFICIENCY THROUGH EDUCATION, INSTRUCTION AND GUIDANCE

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,191

Program Service Revenue $1,632,362

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,694,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,852,589

Other Expenses $2,168,826

TOTAL EXPENSES $2,168,826

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,694,553	$1,256,391	+0.3%
Expenses	$2,168,826	$1,476,185	+0.5%
Net Income	$-474,273	$-219,794	+1.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$297,180

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE MORTON	VICE-CHAIRPERSON	0.20	Director	$0	$0	$0
ETHEL SCRUGGS	DIRECTOR	0.20	Director	$0	$0	$0
SCOTT BLACK	CHAIRMAN	0.20	Director	$0	$0	$0
BOB BARRETT	DIRECTOR	0.20	Director	$0	$0	$0
DONNELL LANE	DIRECTOR	0.20	Director	$0	$0	$0
DERWIN JACKSON	PRESIDENT/CEO	15.00	Officer	$0	$37,223	$297,180

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
2024	$1,694,553	$2,168,826	$5,425,015	$-474,273
2023	$1,256,391	$1,476,185	$4,120,846	$-219,794
2022	$1,183,611	$1,170,676	$4,704,285	$12,935
2021	$1,198,317	$1,155,766	$5,842,273	$42,551
2020	$2,088,053	$816,917	$5,209,632	$1,271,136
2019	$1,255,679	$698,035	$5,316,044	$557,644
2018	$3,022,244	$498,512	$4,636,707	$2,523,732

FRANKLIN HOUSING COLLABORATIVE