FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION

EIN: 042678309 501(c)(3) Community Improvement

GREENFIELD, MA

Total Revenue
$4,022,905
Total Expenses
$3,543,285
Total Assets
$10,413,283
Net Assets
$7,411,957
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MA
Principal Officer
JOHN F WAITE
Phone
4137747204
Tax Period
2024-07-01 to 2025-06-30

FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $4.0M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 12% surplus.

Mission

THE MISSION OF THE FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION ("FCCDC") IS TO STIMULATE A MORE VITAL, RURAL ECONOMY, TO MAXIMIZE CONTROL OVER OUR FUTURE ECONOMIC DESTINY, AND TO EXPAND OPPORTUNITIES FOR LOW- AND MODERATE-INCOME RESIDENTS. TO ACCOMPLISH THIS MISSION, THE FCCDC SHALL SPONSOR PROJECTS IN OUR CORE FOCUS AREAS: 1 - SMALL BUSINESS DEVELOPMENTSUPPORT BUSINESSES NAVIGATING STARTUP, GROWTH, RECOVERY, AND TRANSITION WHILE BEING A CATALYST FOR JOB AND WEALTH CREATION IN OUR COMMUNITY. 2 - INCLUSIVE ACCESS TO RESOURCES AND CAPITALBUILD PATHWAYS AND REDUCE BARRIERS FOR LOW- AND MODERATE-INCOME RESIDENTS AND UNDERREPRESENTED GROUPS TO PARTICIPATE FULLY IN THE LOCAL ECONOMY. 3 - COMMUNITY-CENTERED ECONOMIC DEVELOPMENTROOTED IN FRANKLIN COUNTY AND SERVING WESTERN MASSACHUSETTS, WE ADVOCATE FOR POLICIES THAT PRIORITIZE LOCAL ECONOMIES. 4 - LOCAL AND REGIONAL FOOD SYSTEMSPROVIDE TRAINING AND BUSINESS TECHNICAL ASSISTANCE TO FARM AND FOOD BUSINESSES, AS WELL AS ACCESSIBLE FOOD PROCESSING SERVICES FOR A MORE JUST AND RESILIENT FOOD SYSTEM. 5 - ORGANIZATIONAL CULTURE AND CAPACITYCREATE AN INTERNAL CULTURE THAT SERVES AS A MODEL FOR BUSINESSES WE WORK WITH. THE FCCDC COMMITS TO THESE FIVE CORE FOCUS AREAS WHILE ADHERING TO THE FOLLOWING CORE VALUES: COMMUNITY EMPOWERMENT; RACIAL, SOCIAL, AND ECONOMIC JUSTICE; ENTREPRENEURIAL SPIRIT; COLLABORATION; AND INTEGRITY.

Program Service Accomplishments

Program 1
Expenses: $1,019,557 Revenue: $1,001,720

THE WESTERN MASSACHUSETTS FOOD PROCESSING CENTER (WMFPC) WORKS TO ADVANCE ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP, OPPORTUNITIES FOR SUSTAINING LOCAL AGRICULTURE, AND PROMOTE BEST PRACTICES FOR...

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THE WESTERN MASSACHUSETTS FOOD PROCESSING CENTER (WMFPC) WORKS TO ADVANCE ECONOMIC DEVELOPMENT THROUGH ENTREPRENEURSHIP, OPPORTUNITIES FOR SUSTAINING LOCAL AGRICULTURE, AND PROMOTE BEST PRACTICES FOR FOOD PRODUCERS. THE WMFPC IS A NATIONAL MODEL, OFFERING WRAP-AROUND SUPPORT TO HELP FARM AND FOOD BUSINESSES LAUNCH, SCALE, AND SUSTAIN THEIR BUSINESSES. THE WMFPC HAS SERVED SMALL BUSINESSES AND FARMS SINCE ITS LAUNCH IN 2001. THE CENTER ALSO PROVIDES JOBS AND TRAINING OPPORTUNITIES FOR WORKERS WHO ARE OR PREVIOUSLY HAVE BEEN INCARCERATED.

Program 2
Expenses: $717,305 Revenue: $1,273,449

THE LENDING PROGRAM AT THE FCCDC RAISES CAPITAL FROM BOTH PUBLIC AND PRIVATE SOURCES TO PROVIDE FINANCING FOR START-UPS AND BUSINESS EXPANSIONS. THE LENDING STAFF PROVIDE FLEXIBLE FINANCING FOR THOSE...

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THE LENDING PROGRAM AT THE FCCDC RAISES CAPITAL FROM BOTH PUBLIC AND PRIVATE SOURCES TO PROVIDE FINANCING FOR START-UPS AND BUSINESS EXPANSIONS. THE LENDING STAFF PROVIDE FLEXIBLE FINANCING FOR THOSE WHO MAY NOT QUALIFY FOR BANK FUNDING. THIS PROGRAM HAS SUPPORTED HUNDREDS OF SMALL BUSINESSES AND ENTREPRENEURS WHO HAVE, IN TURN, CREATED THOUSANDS OF JOBS, LEVERAGING MILLIONS OF DOLLARS OF ADDITIONAL PRIVATE CAPITAL INVESTMENT. THE PROGRAM AIMS TO BUILD ECONOMIC JUSTICE BY PROVIDING CAPITAL TO LOW- AND MODERATE-INCOME EARNERS AND PEOPLE WHO ARE IMPACTED BY A HISTORY OF UNDERINVESTMENT AND RACIST POLICIES.

Program 3
Expenses: $131,970 Revenue: $146,399

THE MASSACHUSETTS AGRICULTURE INNOVATION CENTER (MAAIC) IS A NETWORK OF BUSINESS-ASSISTANCE PROVIDERS ACROSS THE COMMONWEALTH THAT HELPS FARMS AND OTHER VALUE-ADDED PRODUCERS LAUNCH AND SCALE NEW...

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THE MASSACHUSETTS AGRICULTURE INNOVATION CENTER (MAAIC) IS A NETWORK OF BUSINESS-ASSISTANCE PROVIDERS ACROSS THE COMMONWEALTH THAT HELPS FARMS AND OTHER VALUE-ADDED PRODUCERS LAUNCH AND SCALE NEW PRODUCT VENTURES. THE PROGRAM OFFERS ONE-ON-ONE BUSINESS COACHING, ACCESS TO FUNDING, AND INDUSTRY CONNECTIONS, SERVING AS A HOB CONNECTING PRODUCERS WITH THE SERVICES THEY NEED TO SUCCEED. COLLECTIVELY, MAAIC PARTNERS HAVE SUPPORTED HUNDREDS OF FARMS WITH PRODUCT DEVELOPMENT, BUSINESS PLANNING, AND FOOD SAFETY AND REGULATORY COMPLIANCE. MAAIC ENGAGES PRODUCERS IN ONE-ON-ONE COUNSELING AND TRAINING SESSIONS, HOSTS WORKSHOPS/TRAININGS, AWARDS MINI GRANTS TO BUSINESSES FOR SPECIALIZED WORK WITH CONSULTANTS, AND PROVIDES CO-PACKING SERVICES TO FARMS THROUGH THE WMFPC VALUE-ADDED PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,053,169
Program Service Revenue $1,035,787
Investment Income $-72,084
Other Revenue $6,033
TOTAL REVENUE $4,022,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,545,295
Fundraising Expenses $145,465
Program Expenses $3,116,171
Other Expenses $1,997,990
TOTAL EXPENSES $3,543,285

Year-over-Year Comparison

2024 2023 Change
Revenue $4,022,905 $4,121,635 0.0%
Expenses $3,543,285 $3,068,686 +0.2%
Net Income $479,620 $1,052,949 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
23
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$146,134
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEDA MAHMOODI TREASURER/CLERK 1.00
Officer Director
$0 $0 $0
ROCHELLE BELLIN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BUCKMASTER VICE-CHAIR 1.00
Officer Director
$0 $0 $0
CAREY BAKER DIRECTOR 1.00
Director
$0 $0 $0
TAMSIN FLANDERS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
TINA STEVENS DIRECTOR 1.00
Director
$0 $0 $0
MAX FRIPP DIRECTOR 1.00
Director
$0 $0 $0
NANCY HANSON DIRECTOR 1.00
Director
$0 $0 $0
TASHA MARSHALL DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE LAURIE DIRECTOR 1.00
Director
$0 $0 $0
JOHN F WAITE EXECUTIVE DIRECTOR 40.00
Officer
$138,615 $7,519 $146,134
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4,022,905 $3,543,285 $10,413,283 $479,620
2024 No data No data No data No data
2023 $4,180,733 $2,707,299 $9,195,245 $1,473,434
2022 $3,713,917 $2,522,012 $8,345,548 $1,191,905
2021 $3,631,573 $2,816,318 $6,618,816 $815,255
2020 $2,328,783 $2,282,900 $6,133,882 $45,883
2019 $2,368,950 $1,991,320 $5,123,000 $377,630
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