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Franklin Homestead Inc

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

EIN: 030323491 ✦ Franklin, VT ✦ Designated as a 501(c)(3)

Overview

What is Franklin Homestead Inc?

Franklin Homestead Inc, based in Franklin, VT, is a dedicated nonprofit organization with a mission to ensure affordable, safe, and convenient living for citizens aged fifty-five and above. Through its programs, the organization strives to provide senior housing that caters to their unique needs, emphasizing affordability and convenience. The organization is committed to making a significant impact on the community by promoting housing solutions tailored to the elderly population.


Is Franklin Homestead Inc legitimate?

Franklin Homestead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin Homestead Inc 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: $67,943
Professional Fundraising Fees: $0
Other Salaries and Wages: $229,829

For more financial information, click here


What is the mission statement of Franklin Homestead Inc?
Who is the CEO of Franklin Homestead Inc?
What is the revenue of Franklin Homestead Inc?
Who are the executives of Franklin Homestead Inc and what are their salaries?
Where can I find the form 990 for Franklin Homestead Inc?

Mission Statement of Franklin Homestead Inc

Franklin Homestead Inc is committed to providing and promoting affordable, safe, and convenient housing solutions for individuals aged fifty-five and above. Their mission is centered around ensuring that senior citizens have access to suitable living conditions that cater to their specific needs. The organization strives to make housing more affordable, secure, and convenient for this demographic, thereby enhancing their quality of life. Through its programs, Franklin Homestead Inc aims to address the housing needs of senior citizens, ensuring they can live comfortably and with dignity.

Impact

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




Wednesday, July 24, 2024

Franklin Homestead Inc's impact lies in its provision and promotion of affordable, safe, and convenient housing for citizens fifty-five and over in Franklin, VT. By offering programs aimed at providing affordable senior housing, Franklin Homestead contributes significantly to enhancing the quality of life for older residents in the community. This organization plays a vital role in addressing the housing needs of senior citizens, ensuring they have a comfortable and secure living environment as they age.





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: $6,031
  • Program Service Revenue: $609,489
  • Gross Receipts: $663,055

    • Assets and Liabilities:
  • Total Assets: $1,724,854
  • Total Liabilities: $1,025,624
  • Net Assets: $699,230
  • Programs

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

    TENANT RENT

    Revenue

    $313,938

    SERVICE REVENUE

    Revenue

    $184,283

    HAP/VSHA RENT

    Revenue

    $111,268

    Organization Details

    Founding Year

    1990

    Principal Officer

    Jean Richard

    Main Address

    114 HOMESTEAD DRIVE, FRANKLIN, VT, 05457

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Franklin Homestead Inc 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.