EQUITY TRUST INC

EIN: 061337421 501(c)(3) Arts, Culture & Humanities

AMHERST, MA

Total Revenue
$450,097
Total Expenses
$351,829
Total Assets
$6,734,675
Net Assets
$2,323,432
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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
JAMES OLDHAM
Phone
4132566161
Tax Period
2024-01-01 to 2024-12-31

EQUITY TRUST INC, founded in 1991, is a small nonprofit in the Arts, Culture & Humanities sector that reported $450K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $98K, a strong 22% operating margin.

Mission

TO PROMOTE AND PROVIDE ACCESS TO LAND, HOUSING, CAPITAL, AND ECONOMIC OPPORTUNITIES FOR DISADVANTAGED AND LOW-INCOME PEOPLE; TO PROMOTE THE CONSERVATION OF LAND AND NATURAL RESOURCES; AND RELATED CHARITABLE AND EDUCATIONAL PURPOSES.

Program Service Accomplishments

Program 1
Expenses: $146,589 Revenue: $98,112

EQUITY TRUST FUND: ENABLING SOCIALLY CONSCIOUS LENDERS AND DONORS TO SUPPORT THE PRESERVATION OF AFFORDABLE WORKING FARMS, THE DEVELOPMENT OF AFFORDABLE HOUSING, AND THE IMPLEMENTATION OF OTHER...

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EQUITY TRUST FUND: ENABLING SOCIALLY CONSCIOUS LENDERS AND DONORS TO SUPPORT THE PRESERVATION OF AFFORDABLE WORKING FARMS, THE DEVELOPMENT OF AFFORDABLE HOUSING, AND THE IMPLEMENTATION OF OTHER SOCIALLY BENEFICIAL AND ENVIRONMENTALLY SUSTAINABLE PROJECTS. THE FUND ADDED FIVE NEW PROJECTS IN 2024. THE CURRENT PORFOLIO AS OF THE END OF THE YEAR INCLUDED THIRTY-ONE PROJECTS REPRESENTING THE FULL RANGE OF THE FUND'S MISSION.

Program 2
Expenses: $49,190 Revenue: $24,005

EDUCATION AND TECHNICAL ASSISTANCE TO PROMOTE THE ESTABLISHMENT AND SUSTAINABILITY OF ENVIRONMENTALLY SOUND FARMS THAT BENEFIT THEIR LOCAL COMMUNITIES. SUPPORT ACCESS TO FARMLAND FOR HISTORICALLY...

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EDUCATION AND TECHNICAL ASSISTANCE TO PROMOTE THE ESTABLISHMENT AND SUSTAINABILITY OF ENVIRONMENTALLY SOUND FARMS THAT BENEFIT THEIR LOCAL COMMUNITIES. SUPPORT ACCESS TO FARMLAND FOR HISTORICALLY MARGINALIZED PEOPLE AND COMMUNITIES AND THE PERMANENT PROTECTION OF FARMLAND AND FARM INFRASTRUCTURE AND THEIR AFFORDABILITY FOR WORKING FARMERS. IN 2024, EQUITY TRUST'S WORK FOCUSED ON FARM LAND ACCESS FOR FARM WORKERS AND IMMIGRANT FARMERS; GUIDANCE TO LAND TRUSTS AND LAND OWNERS ON INNOVATIVE STRATEGIES FOR PROTECTING AND STEWARDING WORKING FARMS; AND RESPONDING TO ASSISTANCE REQUESTS FROM COMMUNITY GROUPS, FARMERS, LAND OWNERS, AND LAND TRUSTS FROM AROUND THE COUNTRY.

Program 3
Expenses: $64,156 Revenue: $2,838

EDUCATION AND TECHNICAL ASSISTANCE TO EXISTING AND EMERGING COMMUNITY LAND TRUSTS WITH A MISSION TO HOLD AND STEWARD LAND FOR PERMANENTLY AFFORDABLE HOUSING, FOOD PRODUCTION, LOCAL ENTERPRISES...

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EDUCATION AND TECHNICAL ASSISTANCE TO EXISTING AND EMERGING COMMUNITY LAND TRUSTS WITH A MISSION TO HOLD AND STEWARD LAND FOR PERMANENTLY AFFORDABLE HOUSING, FOOD PRODUCTION, LOCAL ENTERPRISES, AND/OR COMMUNITY SPACE; SUPPORT FOR GROUPS ENGAGED IN DEVELOPMENT OF COMPLEMENTARY STRATEGIES FOR COMMUNITY STEWARDSHIP OF LAND AND PROPERTY.

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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 $274,952
Program Service Revenue $135,111
Investment Income $40,034
Other Revenue $0
TOTAL REVENUE $450,097

Expense Breakdown

Grants Paid $0
Salaries & Benefits $201,029
Fundraising Expenses $6,696
Program Expenses $280,262
Other Expenses $150,800
TOTAL EXPENSES $351,829

Year-over-Year Comparison

2024 2023 Change
Revenue $450,097 $595,867 -0.2%
Expenses $351,829 $382,373 -0.1%
Net Income $98,268 $213,494 -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
7
Independent Members
6
Employees
4
Volunteers
10

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
5
$71,756
Total Directors
7
$71,756
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSS FOX DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL WALLACE DIRECTOR 1.00
Director
$0 $0 $0
SCOTT REED PRESIDENT 1.00
Officer Director
$0 $0 $0
JODY BOLLUYT VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DANIEL ROSENBERG TREASURER 1.00
Officer Director
$0 $0 $0
MADELINE MILLER CLERK 1.00
Officer Director
$0 $0 $0
JAMES OLDHAM EXECUTIVE DIRECTOR 40.00
Officer Director
$65,299 $6,457 $71,756
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
2024 $450,097 $351,829 $6,734,675 $98,268
2023 $595,867 $382,373 $6,582,486 $213,494
2023 $595,867 $382,373 $6,582,486 $213,494
2022 $420,144 $211,803 $6,434,499 $208,341
2021 $589,639 $313,580 $6,214,619 $276,059
2020 $383,866 $750,593 $6,115,136 $-366,727
2019 $464,543 $1,236,870 $6,494,144 $-772,327
2018 $1,182,504 $999,955 $9,139,131 $182,549
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