Nonprofit · EIN 61-0709547
FRANKLIN AFFORDABLE HOUSING CORPORATION INC
Tax-exempt · FRANKLIN, KY 42134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2026 | 990 | $132,453 | $37,478 | $94,975 | $6,185,567 | $883,931 | $5,301,636 |
| March 31, 2025 | 990 | -$5,387 | $96,488 | -$101,875 | $6,119,741 | $913,077 | $5,206,664 |
| March 31, 2024 | 990 | $299,809 | $105,997 | $193,812 | $1,962,457 | $690,083 | $1,272,374 |
Financial details: 990 for the year ended March 31, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,567
- Investment income
- $818
- Net rental income
- $93,068
- Other revenue
- $93,068
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $6,500
- Salaries, compensation and benefits (total)
- $6,500
- Professional fundraising fees
- $0
- Legal fees
- $13,230
- Accounting fees
- $11,550
- Program services (functional)
- $2,167
- Management and general (functional)
- $35,311
Balance sheet and other
- Total assets, start of year
- $6,119,741
- Total assets, end of year
- $6,185,567
- Total liabilities, end of year
- $883,931
- Net assets, end of year
- $5,301,636
- Land, buildings and equipment
- $5,308,482
- Gross unrelated business income
- $818
- Gross receipts
- $660,902
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL LOCKHART | CHAIRPERSON Trustee or director | 1 | $1,300 |
| VICTOR LEE PORTMAN | Director Trustee or director | 1 | $1,300 |
| LARRY SMITH | Director Trustee or director | 1 | $1,300 |
| LARRY DIXON | BOARD MEMBER Trustee or director | 1 | $1,300 |
| GERALD OGLES | Director Trustee or director | 1 | $1,300 |
| JOLIE BROWN | Executive Dir. Officer | 10 | $0 |
990 for the year ended March 31, 2025: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL LOCKHART | CHAIRPERSON Trustee or director | 1 | $1,300 |
| VICTOR LEE PORTMAN | Director Trustee or director | 1 | $1,300 |
| LARRY SMITH | Director Trustee or director | 1 | $1,300 |
| LARRY DIXON | BOARD MEMBER Trustee or director | 1 | $1,300 |
| GERALD OGLES | Director Trustee or director | 1 | $1,300 |
| JOLIE BROWN | Executive Dir. Officer | 10 | $0 |
990 for the year ended March 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PHIL LOCKHART | CHAIRPERSON Trustee or director | 1 | $0 |
| LARRY SMITH | DIRECTOR Trustee or director | 1 | $0 |
| LARRY DIXON | CITY BOARD MEMBER Trustee or director | 1 | $0 |
| GERALD OGLES | DIRECTOR Trustee or director | 1 | $0 |
| VICTOR LEE PORTMAN | DIRECTOR Trustee or director | 1 | $0 |
| JOLIE BROWN | EXEC DIRECTOR Officer | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1301 CRESTMORE DR, FRANKLIN, KY 42134-2524
- Mailing address (990-N for 2008)
- 1301 Crestmore Drive, Franklin KY 42134
- Principal officer (990 for 2025)
- JOLIE BROWN, 1301 CRESTMORE DRIVE, FRANKLIN, KY 42134
- Principal officer (990-N for 2008)
- Melodie Lunsford, 1301 Crestmore Drive, Franklin KY 42134
- Signed the 990
- JOLIE BROWN, Director
- Phone
- (270) 586-8500
- Return prepared by
- Clark CPA and Advisory Group PLLC
Mission
PROVIDE AND MANAGE LOW-INCOME HOUSING FOR RESIDENTS OF FRANKLIN, KENTUCKY
Program accomplishments
- FRANKLIN AFFORDABLE HOUSING PERFORMED A FOOD DRIVE WHERE IT COLLECTED MONETARY DONATIONS AS WELL AS PERISHABLE DONATIONS TO DISTRIBUTE TO NEEDY PEOPLE IN THE COMMUNITY.Expenses $2,167 · grants $2,167 · revenue $2,167
- FRANKLIN AFFORDABLE HOUSING HAS PROVIDED AND MAINTAINED HOUSING FOR LOW-INCOME RESIDENTS WITHIN THE CITY OF FRANKLIN, KENTUCKY. THEY HAVE ALSO PROVIDED OVERSITE FOR LOW-INCOME HOUSING DEVELOPMENT WITHIN THE CITY. FRANKLIN AFFORDABLE HOUSING MAINTAINS HUD STANDARDS.revenue $36,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | 990 on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 61-0709547
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $6,185,567
- Income (IRS master file)
- $660,902
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2026 | $132,453 | $37,478 | $6,185,567 | XML |
| 990 | March 2025 | -$5,387 | $96,488 | $6,119,741 | XML |
| 990 | March 2024 | $299,809 | $105,997 | $1,962,457 | XML |
| 990 | March 2023 | $90,521 | $96,489 | $1,783,633 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990-N for 2008 Officer: Melodie Lunsford | March 31, 2009 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 61-0709547).
Questions about FRANKLIN AFFORDABLE HOUSING CORPORATION INC
- What is the EIN of FRANKLIN AFFORDABLE HOUSING CORPORATION INC?
- The employer identification number (EIN) of FRANKLIN AFFORDABLE HOUSING CORPORATION INC is 61-0709547.
- Is FRANKLIN AFFORDABLE HOUSING CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to FRANKLIN AFFORDABLE HOUSING CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FRANKLIN AFFORDABLE HOUSING CORPORATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FRANKLIN AFFORDABLE HOUSING CORPORATION INC due?
- The return for tax year 2026 (the year ending March 31, 2027) is due August 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FRANKLIN AFFORDABLE HOUSING CORPORATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2026.
- Who is the principal officer of FRANKLIN AFFORDABLE HOUSING CORPORATION INC?
- The 990 for the year ended March 31, 2026 names JOLIE BROWN.
- Who are the officers and directors of FRANKLIN AFFORDABLE HOUSING CORPORATION INC?
- The 990 for the year ended March 31, 2026 lists 6 people; 5 received compensation from the organization, the highest $1,300 (PHIL LOCKHART, CHAIRPERSON).
- How much revenue does FRANKLIN AFFORDABLE HOUSING CORPORATION INC have?
- On its 990 for the year ended March 31, 2026 it reported revenue of $132,453, expenses of $37,478 and total assets of $6,185,567 at year end.
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- FRANKLIN-SIMPSON PARKS BOARD EIN 61-0861481 · last filed 990 for 2025
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- KENTUCKY ASSOCIATION OF SCHOOL SUPERINTENDENTS INCORPORATED EIN 61-1190667 · last filed 990 for 2026
- FIX FOUNDATION EIN 81-0660851 · last filed 990 for 2023