Franklin Independent Senior Housing
Franklin Independent Senior Housing: Stable Operations, Limited Transparency
EIN: 222536386 · Franklin, ME · NTEE: L21Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $272K |
| Total Expenses | $238K |
| Program Spending | 85% |
| Net Assets | $24K |
| Transparency Score | 75/100 |
Is Franklin Independent Senior Housing Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Franklin Independent Senior Housing directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Franklin Independent Senior Housing
Franklin Independent Senior Housing (EIN: 222536386) is a nonprofit organization based in Franklin, ME, classified under NTEE code L21Z. The organization reported total revenue of $272K and total assets of $303K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Franklin Independent Senior Housing's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Franklin Independent Senior Housing is a small nonprofit that has been operating for 42 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $272K |
| Total Expenses | $238K |
| Surplus / Deficit | +$34K |
| Total Assets | $303K |
| Total Liabilities | $279K |
| Net Assets | $24K |
| Operating Margin | 12.5% |
| Debt-to-Asset Ratio | 92.1% |
| Months of Reserves | 15.3 months |
Financial Health Grade: A
In 2024, Franklin Independent Senior Housing reported a surplus of $34K with revenue exceeding expenses, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 92.1% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Franklin Independent Senior Housing's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -4.9% | -7.8% | -8.5% |
| 2023 | +1.3% | +2.4% | -4.4% |
| 2022 | +1.6% | +0.5% | -1.4% |
| 2021 | +3.7% | -3.6% | -1.9% |
| 2020 | -0.9% | +12.0% | -1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1984 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Franklin Independent Senior Housing with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Franklin Independent Senior Housing allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $34K, with revenue exceeding expenses.
- Debt-to-asset ratio: 92.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making it impossible to assess specific figures.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Franklin Independent Senior Housing's IRS 990 filings:
- Lack of detailed program spending breakdown beyond general expenses.
- Limited public information regarding specific program activities and their impact.
- No clear executive compensation figures available for assessment.
Strengths
The following positive indicators were identified for Franklin Independent Senior Housing:
- Consistent revenue generation over several years, indicating stable operations.
- Assets consistently exceed liabilities, suggesting financial solvency.
- Long-standing presence in Franklin, ME, serving a specific community need.
Frequently Asked Questions about Franklin Independent Senior Housing
Is Franklin Independent Senior Housing a legitimate charity?
Based on AI analysis of IRS 990 filings, Franklin Independent Senior Housing (EIN: 222536386) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Franklin Independent Senior Housing spend its money?
Franklin Independent Senior Housing directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Franklin Independent Senior Housing tax-deductible?
Franklin Independent Senior Housing is registered as a tax-exempt nonprofit (EIN: 222536386). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Franklin Independent Senior Housing's spending goes to programs?
Franklin Independent Senior Housing directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Franklin Independent Senior Housing compare to similar nonprofits?
With a transparency score of 75/100 (Good), Franklin Independent Senior Housing is above average for NTEE category L21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Franklin Independent Senior Housing located?
Franklin Independent Senior Housing is headquartered in Franklin, Maine and files with the IRS under EIN 222536386. It is classified under NTEE code L21Z.
How many years of IRS 990 filings does Franklin Independent Senior Housing have?
Franklin Independent Senior Housing has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $272K in total revenue.
What does Franklin Independent Senior Housing do?
Franklin Independent Senior Housing is a nonprofit organization in the Housing & Shelter sector, located in Franklin, Maine. It is classified under NTEE code L21Z.
How much revenue does Franklin Independent Senior Housing have?
Franklin Independent Senior Housing reported total revenue of $271,730. Based on 13 IRS 990 filings on record.
What are Franklin Independent Senior Housing's total assets?
Franklin Independent Senior Housing holds total assets of $302,820 as reported in IRS 990 filings.
Where is Franklin Independent Senior Housing located?
Franklin Independent Senior Housing is based in Franklin, Maine.
What is Franklin Independent Senior Housing's EIN?
Franklin Independent Senior Housing's Employer Identification Number (EIN) is 222536386. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Franklin Independent Senior Housing?
Franklin Independent Senior Housing is classified under NTEE code L21Z (Housing & Shelter).
Is Franklin Independent Senior Housing a registered 501(c)(3)?
Yes, Franklin Independent Senior Housing is recognized as a tax-exempt organization by the IRS. EIN: 222536386.
Does Franklin Independent Senior Housing file IRS Form 990?
Yes, Franklin Independent Senior Housing has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Franklin Independent Senior Housing's revenue in 2024?
In the 202406 filing period, Franklin Independent Senior Housing reported total revenue of $271,730, total expenses of $237,885, and net assets of $302,820.
Is Franklin Independent Senior Housing's revenue growing or declining?
Franklin Independent Senior Housing's revenue is relatively stable. Revenue went from $285,652 (202306) to $271,730 (202406), a -4.9% change. Based on 13 filings on record.
What is Franklin Independent Senior Housing's most recent 990 filing?
The most recent IRS Form 990 filing for Franklin Independent Senior Housing covers tax period 202406. It shows revenue of $271,730, expenses of $237,885, total assets of $302,820, and liabilities of $278,885.
How much does Franklin Independent Senior Housing spend on programs vs administration?
Based on IRS 990 analysis, Franklin Independent Senior Housing allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Franklin Independent Senior Housing a trustworthy charity?
Based on AI analysis of IRS 990 data, Franklin Independent Senior Housing appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Franklin Independent Senior Housing?
The following concerns were identified: Lack of detailed program spending breakdown beyond general expenses.. Limited public information regarding specific program activities and their impact.. No clear executive compensation figures available for assessment.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Franklin Independent Senior Housing's strengths?
Positive indicators for Franklin Independent Senior Housing include: Consistent revenue generation over several years, indicating stable operations.. Assets consistently exceed liabilities, suggesting financial solvency.. Long-standing presence in Franklin, ME, serving a specific community need.. These findings are derived from AI analysis of the organization's financial filings.
How does Franklin Independent Senior Housing compensate executives?
Executive compensation is not explicitly detailed in the provided data, making it impossible to assess specific figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Franklin Independent Senior Housing ensure its 'independent' residents receive adequate support services given its operational model?
The provided data focuses on financial aspects and does not detail the specific support services offered to residents. Further investigation into their operational model and resident support programs would be necessary.
What is the organization's strategy for addressing the gradual decline in total assets observed over the past few years?
Total assets have decreased from $386,130 in 2017 to $302,820 in 2024. The available data does not provide insight into the organization's strategy for managing this trend, whether it's due to depreciation, asset sales, or other factors.
Filing History
IRS 990 filing history for Franklin Independent Senior Housing showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Franklin Independent Senior Housing's revenue has grown by 10.6%, moving from $246K to $272K. Total assets decreased by 39.9% over the same period, from $504K to $303K. Total functional expenses rose by 10.4%, from $216K to $238K. In its most recent filing year (2024), Franklin Independent Senior Housing reported a surplus of $34K, with revenue exceeding expenses. The organization holds $279K in liabilities against $303K in assets (debt-to-asset ratio: 92.1%), resulting in net assets of $24K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $272K | $238K | $303K | $279K | — | — |
| 2023 | $286K | $258K | $331K | $341K | — | View 990 |
| 2022 | $282K | $252K | $346K | $384K | — | View 990 |
| 2021 | $278K | $251K | $351K | $419K | — | View 990 |
| 2020 | $268K | $260K | $358K | $453K | — | View 990 |
| 2019 | $270K | $232K | $364K | $466K | — | View 990 |
| 2018 | $238K | $234K | $357K | $497K | — | — |
| 2017 | $226K | $235K | $386K | $531K | — | View 990 |
| 2016 | $247K | $225K | $417K | $553K | — | View 990 |
| 2015 | $250K | $232K | $413K | $571K | — | View 990 |
| 2014 | $229K | $244K | $422K | $598K | — | View 990 |
| 2013 | $244K | $279K | $451K | $611K | — | View 990 |
| 2012 | $246K | $216K | $504K | $629K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $272K, expenses of $238K, and assets of $303K (revenue -4.9% year-over-year).
- 2023: Revenue of $286K, expenses of $258K, and assets of $331K (revenue +1.3% year-over-year).
- 2022: Revenue of $282K, expenses of $252K, and assets of $346K (revenue +1.6% year-over-year).
- 2021: Revenue of $278K, expenses of $251K, and assets of $351K (revenue +3.7% year-over-year).
- 2020: Revenue of $268K, expenses of $260K, and assets of $358K (revenue -0.9% year-over-year).
- 2019: Revenue of $270K, expenses of $232K, and assets of $364K (revenue +13.3% year-over-year).
- 2018: Revenue of $238K, expenses of $234K, and assets of $357K (revenue +5.5% year-over-year).
- 2017: Revenue of $226K, expenses of $235K, and assets of $386K (revenue -8.6% year-over-year).
- 2016: Revenue of $247K, expenses of $225K, and assets of $417K (revenue -1.0% year-over-year).
- 2015: Revenue of $250K, expenses of $232K, and assets of $413K (revenue +9.0% year-over-year).
- 2014: Revenue of $229K, expenses of $244K, and assets of $422K (revenue -5.9% year-over-year).
- 2013: Revenue of $244K, expenses of $279K, and assets of $451K (revenue -0.9% year-over-year).
- 2012: Revenue of $246K, expenses of $216K, and assets of $504K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Franklin Independent Senior Housing:
Data Sources and Methodology
This transparency report for Franklin Independent Senior Housing is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.