Franklin Homestead Inc in Franklin, Vermont (VT)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Franklin Homestead Inc | |
| Employer Identification Number (EIN) | 030323491 |
| Name of Organization | Franklin Homestead Inc |
| Address | 114 Homestead Drive, Franklin, VT 05457-5700 |
| Activities | Care and housing for the aged (see also 382), Described in section 509(a)(2) of the Code |
| Subsection | Charitable Organization |
| Ruling Date | 01/1992 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $1,000,000 to $4,999,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1,709,159 |
| Amount of Income | $213,482 |
| Form 990 Revenue Amount | $204,437 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Senior Citizens' Housing/Retirement Communities |
Non-representatives - add comments:
Amount of income in 2013: $213,482 (it was $206,760 in 2012)
| Franklin Homestead Inc: | $213,482 |
| Other organizations performing similar types of work: | $284,463 |
Assets in 2013: $1,709,159 (it was $1,892,452 in 2012)
| Franklin Homestead Inc: | $1,709,159 |
| Other organizations performing similar types of work: | $1,921,874 |
Expenses in 2012: $281,817
| This organization: | $281,817 |
| Other organizations performing similar types of work: | $319,873 |
Income to expenses ratio in 2012: 0.8
| This organization: | 0.8 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 1.2%
| This organization: | 1.2% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2012
Expenses for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $206,760 | $43,368 | $204,336 | |
| Contributions, gifts, grants, etc., received | $2,424 | |||
| Interest on savings and temporary cash investments | $43,353 | |||
| Dividends and interest from securities | $15 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $160,968 | |||
| Total expenses and disbursements | $281,817 | $0 | $150,199 | $131,618 |
| Compensation of officers, directors, trustees, etc. | $9,542 | |||
| Total operating and administrative expenses | $281,817 | $0 | $131,618 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-75,057 | |||
| Net investment income | $43,368 | |||
| Adjusted net income | $54,137 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1,892,452 | $1,892,452 |
| Cash - non-interest-bearing | $65,900 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1,826,552 | |
| Total liabilities | $362,216 | |
| Mortgages and other notes payable | $338,113 | |
| Other | $24,103 | |
| Total liabilities and net assets/fund balances | $1,530,236 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $434 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $434 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $295,699 |
| Net value of noncharitable-use assets | $291,260 |
| Minimum investment return | $14,563 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Skidaway Health And Living Services Inc | 95 Skidaway Island Park Road, Savannah, GA 31411-1104 | GA | 1999-11 | $17,690,138 |
| 2 | St Louis Life | 2001 E Terra Ln, Ofallon, MO 63366-4434 | MO | 2006-01 | $957,241 |
| 3 | Saugatucket Springs Inc | 861a Broad St, Providence, RI 02907-1768 | RI | 2003-11 | $470,399 |
| 4 | Passumpsic View Inc | PO BOX 259, Lyndonville, VT 05851-0259 | VT | 2002-09 | $238,563 |
| 5 | St Mary Magdlene Apartments Inc | PO BOX 93108, Lafayette, LA 70509-3108 | LA | 2004-03 | $105,388 |
| 6 | Unlimited Development Inc | 285 S Farnham St, Galesburg, IL 61401-5323 | IL | 1996-12 | $85,769,554 |
| 7 | The Terraces At San Joaquin Gardens | 6120 Stoneridge Mall Rd 3rd Fl, Pleasanton, CA 94588 | CA | 2008-03 | $78,867,026 |
| 8 | The Groves In Lincoln Inc | 88 Masonic Home Road, Charlton, MA 01507-1394 | MA | 2007-08 | $78,107,274 |
| 9 | Eastview At Middlebury | 100 Eastview Terrace, Middlebury, VT 05753-9327 | VT | 2007-02 | $3,692,253 |
| 10 | Our Lady Of Providence Vt Inc | 47 W Spring St, Winooski, VT 05404-1319 | VT | 2007-07 | $2,372,355 |
| 11 | The Bradley House Inc | 65 Harris Ave, Brattleboro, VT 05301-6004 | VT | 2003-06 | $938,367 |
| 12 | Randolph House Holdings Inc | PO BOX 409, Randolph, VT 05060-0409 | VT | 2013-06 | $586,492 |
| 13 | Franklin Homestead Inc | 114 Homestead Drive, Franklin, VT 05457-5700 | VT | 1992-01 | $213,482 |
| 14 | South Burlington Community Housing Corporation | 412 Farrell Street, South Burlington, VT 05403-4463 | VT | 1999-12 | $131,759 |
| 15 | Groton Village Housing Inc | PO BOX 259, Lyndonville, VT 05851-0259 | VT | 1997-11 | $104,463 |
| 16 | Cabot Commons Inc | Po Box 146, Cabot, VT 05647 | VT | 2002-08 | $0 |
| 17 | Evergreen Place Inc | 308 Pine St, Burlington, VT 05401-4740 | VT | 2002-08 | $0 |
| 18 | Gifford Retirement Community Inc | 44 S Main St, Randolph, VT 05060 | VT | 2014-09 | $0 |
| 19 | Holy Cross Senior Housing Corp | 412 Farrell Street, South Burlington, VT 05403 | VT | 1997-06 | $0 |
| 20 | Ompompanoosuc Community Trust Inc | Po Box 2, Post Mills, VT 05058 | VT | 2012-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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