2025-11-10T08:33:51-06:00 2024-12-31 562353893 AGRESTA STORMS & O'LEARY PC 5140 COMMERCE CIRCLE INDIANAPOLIS IN 46237 990 2024-01-01 263993888 FRANKLIN DEVELOPMENT CORPORATION FRAN 3177363631 70 EAST MONROE ST FRANKLIN IN 46131 LISA JONES TREASURER 3177363631 2025-10-29 1 1 JOSEPH SULLIVAN CPA P01417600 3177809850 2025-10-29 2024 2025-03-06 01:10:19Z LISA JONES 70 EAST MONROE ST FRANKLIN IN 46131 88585 0 X N/A X 2009 IN THE MISSION OF THE FRANKLIN DEVELOPMENT CORPORATION IS COMMUNITY BETTERMENT PRIMARILY THROUGH ECONOMIC DEVELOPMENT. 10 10 0 12 0 0 29952 0 24052 42795 -95311 0 -1990 34006 -43297 76801 167385 228548 0 0 0 0 0 0 0 12379 30924 179764 259472 -223061 -182671 1826869 1710760 4200 70762 1822669 1639998 THE MISSION OF THE FRANKLIN DEVELOPMENT CORPORATION IS COMMUNITY BETTERMENT PRIMARILY THROUGH ECONOMIC DEVELOPMENT. 0 0 12 PROVIDE GRANTS TO NEW AND EXISTING BUSINESSES TO REHABILITATE DOWNTOWN FRANKLIN AND ENCOURAGE INVESTMENT IN THE CITY OF FRANKLIN. 131239 131239 PROVIDE DOLLAR FOR DOLLAR MATCHING GRANTS TO COMMERCIAL PROPERTY OWNERS IN A SELECTED AREA OF DOWNTOWN FRANKLIN TO RENOVATE BUILDINGS AND INCREASE THE STREET APPEAL. 97309 97309 43845 PROVIDE LOW INTEREST RATE LOANS TO RESIDENTIAL OR COMMERCIAL PROPERTY OWNERS TO ENCOURAGE AND AID IN THE REHABILITATION/RENOVATION OF HISTORIC AND/OR UNDERUTILIZED HOMES AND BUILDINGS LOCATED WITHIN THE INTEGRATED ECONOMIC DEVELOPMENT AREA OF THE HISTORIC FRANKLIN. PORTIONS OF THE RESIDENTIAL LOANS MAY ALSO BE FORGIVEN IN THE FORM OF A GRANT. 228560 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IN X KRISTA LINKE 3172252940 70 E MONROE ST FRANKLIN IN 46131 X DAVID BEDWELL PRESIDENT 1.00 X X 0 0 0 TINA JOBE VICE PRESIDENT 1.00 X X 0 0 0 LISA JONES TREASURER 1.50 X X 0 0 0 AMANDA OTT DIRECTOR 1.00 X 0 0 0 AMY RICHARDSON SECRETARY 1.00 X X 0 0 0 DUSTIN ROYER DIRECTOR 1.00 X 0 0 0 AMY HAACKER DIRECTOR 1.00 X 0 0 0 DREW EGGERS DIRECTOR 1.00 X 0 0 0 KRISTA LINKE DIRECTOR 1.00 X 0 0 0 DANA MONSON DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 PROGRAM INTEREST CD'S 900099 26442 26442 PROGRAMS INTEREST INCO 900099 16353 16353 42795 44740 11784 32956 32956 32956 OTHER REVENUE 900099 1050 1050 1050 76801 43845 0 32956 228548 228548 2409 2409 16000 16000 912 12 900 1663 1663 OTHER 7918 7918 LOAN SERVICING FEES 1370 1370 CREDIT REPORTS 521 521 BANK FEES 131 131 259472 228560 30912 0 1097893 677957 25127 19816 440118 543427 328511 62670 263731 265841 0 203719 1826869 1710760 4200 70762 4200 70762 X 1012694 899951 809975 740047 1822669 1639998 1826869 1710760 -182671 0 X 0 1 X 1 0 X 100000 34129 29952 0 164081 100000 34129 29952 164081 164081 32400 36000 53600 10200 88585 220785 384866 0.42630 0.82380 X 15000 15000 313511 62670 250841 265841 BUILDING HELD FOR SALE 117858 CONSTRUCTION IN PROGRESS 66051 UNBILLED RENTAL INCOME 19810 203719 X PART X, LINE 2: THE ORGANIZATION IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND, ACCORDINGLY, IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE PROVISIONS. THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS IT HAS TAKEN, OR EXPECTS TO TAKE, IN THE COURSE OF PREPARING THE ORGANIZATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED BY THE APPLICABLE TAXING AUTHORITY. GAAP REQUIRES THE BENEFIT ARISING FROM AN UNCERTAIN TAX POSITION TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS ONLY WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING RESOLUTION OF ANY RELATED APPEALS OR LITIGATION PROCESSES, BASED UPON THE TECHNICAL MERITS AND CONSIDERATION OF ALL AVAILABLE INFORMATION. ONCE THE RECOGNITION THRESHOLD IS MET, THE PORTION OF THE TAX BENEFIT THAT IS RECORDED REPRESENTS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY TO BE REALIZED UPON SETTLEMENT WITH A TAXING AUTHORITY. BASED ON ITS REVIEW, MANAGEMENT DOES NOT BELIEVE THE ORGANIZATION HAS TAKEN ANY SIGNIFICANT UNCERTAIN TAX POSITIONS, INCLUDING ANY POSITION THAT WOULD PLACE THE ORGANIZATION'S EXEMPT STATUS IN JEOPARDY AS OF DECEMBER 31, 2024. 0 REHABILITATION GRANTS 13 228548 AMY RICHARDSON SECRETARY/GRANTEE MAIN & MADISON MARKET CAFE PROJECT X 50000 19816 0 1 1 19816 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. THE ANNUAL REPORT IS AVAILABLE ON THE COMPANY'S WEBSITE.