FRANKFORT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FRANKFORT AREA COMMUNITY LAND TRUST, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $318K in total revenue in fiscal year 2024. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 79% operating margin.
THE FACLT IS A COMMUNITY LAND TRUST (CLT); A NON-PROFIT CREATED TO PROVIDE ATTAINABLE HOMES FOR THE BENEFIT OF OUR EXISTING COMMUNITY.
CONSTRUCTION AND SALE OF ATTAINABLE HOUSING FOR OUR WORKING COMMUNITY. IN A LAND TRUST MODEL, THE PURCHASERS BUY IMPROVEMENTS TO THE LAND WHILE THE LAND TRUST RETAINS OWNERSHIP OF THE LAND...
CONSTRUCTION AND SALE OF ATTAINABLE HOUSING FOR OUR WORKING COMMUNITY. IN A LAND TRUST MODEL, THE PURCHASERS BUY IMPROVEMENTS TO THE LAND WHILE THE LAND TRUST RETAINS OWNERSHIP OF THE LAND. PURCHASERS SIGN A LONG-TERM GROUND LEASE AND PAY NOMINAL RENT FOR THE LAND.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $317,781 | $179,303 | +0.8% |
| Expenses | $67,156 | $73,081 | -0.1% |
| Net Income | $250,625 | $106,222 | +1.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAY WHITE | PRESIDENT | 20.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGARET DEVINE | VICE PRESIDE | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREW BRICKMAN | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| TIMOTHY JONES | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DOUGLAS RATH | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| KAITLIN MATESICH | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| RYAN FIEBING | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| NEIL BRILLIANT | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $317,781 | $67,156 | $544,007 | $250,625 |
| 2023 | $179,303 | $73,081 | $308,412 | $106,222 |
Compare FRANKFORT AREA COMMUNITY LAND TRUST with other nonprofits in Michigan and across the country.