Franklin Home For The Aged Association

Organization Overview

Franklin Home For The Aged Association is located in Franklin, NH. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin Home For The Aged Association is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Franklin Home For The Aged Association generated $3.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

FRANKLIN HOME FOR THE AGED BEGAN AS A PLACE FOR ELDERS IN THE COMMUNITY WHO ORIGINALLY WORKED IN THE MILLS TO LIVE OUT THEIR RETIREMENT YEARS. THREE FOUNDING FAMILIES POOLED RESOURCES AND A PORTION OF THEIR ACCUMULATED WEALTH TO ESTABLISH THE HOME INCORPORATING AS AN ASSOCIATION IN 1938.WE EARNED OUR OFFICIAL NONPROFIT STATUS IN LATER YEARS BUT NOT BEFORE THE ORIGINAL MANSION WAS OPENED IN 1944. SINCE SO MANY LOCALS REFERRED TO THE HOME AS THE 'PEABODY HOME' DUE TO THE ORIGINAL PEABODY HOMESTEAD ON WHICH THE CURRENT STRUCTURE WAS BUILT, THAT THE INFORMAL NAME BECAME OUR ACTUAL TITLE. PEABODY HAS BEEN A FIXTURE IN THE THREE RIVERS CITY OF FRANKLIN FOR OVER 80 YEARS PROVIDING QUALITY CARE FOR SENIORS GENERATION AFTER GENERATION.(SEE CONTINUED...)


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $461,115
Interest on Savings $1,133
Dividends & Interest $44,308
Net Rental Income$0
Net Gain on Sale of Assets $231,500
Capital Gain Net Income $231,500
Net ST Capital Gain $66,495
Income Modifications $0
Profit on Inventory Sales $0
Other Income $2,560,387
Total Revenue $3,298,443

Grants Awarded

Over the last fiscal year, Franklin Home For The Aged Association has awarded $300 in support to 2 organizations.

Grant RecipientAmount

FRANKLIN OPERA HOUSE

PURPOSE: SPONSORSHIP FOR THE CARTER MOUNTAIN BRASS BAND

$250

FRIENDS OF NHOLTCO

PURPOSE: DONATIONS FOR MINI-GOLF TOURNAMENT

$50
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Franklin Home For The Aged Association has recieved totaling $12,500.

Awarding OrganizationAmount
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: For a new bus

$12,500
View Grant Recipient Profile

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