FRANKLIN COUNTY COMMUNITY LAND TRUST INC

EIN: 882605254 501(c)(3) Housing & Shelter

Greenfield, MA

Total Revenue
$6,840
Total Expenses
$31,224
Total Assets
$56,484
Net Assets
$56,484
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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MA
Principal Officer
Martin Omasta
Phone
9155258907
Tax Period
2025-01-01 to 2025-12-31

FRANKLIN COUNTY COMMUNITY LAND TRUST INC, founded in 2022, is a micro nonprofit in the Housing & Shelter sector that reported $7K in total revenue in fiscal year 2025. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $31K exceeded revenue, resulting in a 356% operating deficit.

Mission

To own, lease, rent, manage, sell real property (through acquisition, rehabilitation, new construction, or otherwise) in order to make housing available at the lowest possible cost to low-income persons and families in Franklin County, Massachusetts.

Program Service Accomplishments

Program 1
Expenses: $19,187 Revenue: $3,400

As a learning organization, FCCLT has given significant time to developing a regional collaborative of similar CLTs and other reinforcing affordable housing groups within the 3 county area - VALE...

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As a learning organization, FCCLT has given significant time to developing a regional collaborative of similar CLTs and other reinforcing affordable housing groups within the 3 county area - VALE. Valley Alliance for Land Equity (VALE) serves as a information and resource sharing group that seeks to increase the effectiveness of each of our missions through mutual support. FCCLT operates as the fiscal sponsor for VALE while this group-of-groups establishes internal protocols and continues to build external support. VALE's mission is to scale up the availability of permanently affordable, democratically-governed, shared-equity opportunities for land and housing in Franklin, Hampshire, and Hampden counties. We seek to meaningfully reduce the racialized wealth divide in Western Massachusetts and better meet individual and community needs. This collaborative is allowing FCCLT and other area CLTs to draw on the decades of expertise of the various member groups, build relationships with mission friendly developers and real estate designers, create channels for combined statewide housing initiatives, develop shared paperwork and administrative functions to reduce burden on isolated rural communities seeking to form local area CLTs, advertise the benefits of community owned property to our neighbors to make it part of the regular conversation of housing, and to find ways to be an entity that can say YES to donations of property with structures - which currently does not exist in the River Valley.

Program 2
Expenses: $564 Revenue: $690

FCCLT operations - regular internal maintenance, but also the first real estate project for our organization. Since June 2024 residents of Montague MA (town in Franklin County) have approached FCCLT...

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FCCLT operations - regular internal maintenance, but also the first real estate project for our organization. Since June 2024 residents of Montague MA (town in Franklin County) have approached FCCLT along with Mount Grace Conservation Land Trust with the goal of acquiring beloved property in Montague with the potential purpose of aligning affordable housing with the project. FCCLT funds expended represent due diligence and legal fees toward this purpose.

Program 3
Expenses: $3,116 Revenue: $2,750

The FCCLT board, in the course of developing our nascent organization, discovered that finding, maintaining, tracking and motivating volunteers to this difficult work is often times a key stumbling...

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The FCCLT board, in the course of developing our nascent organization, discovered that finding, maintaining, tracking and motivating volunteers to this difficult work is often times a key stumbling block toward mission fulfilment. A local group of activists in Greenfield MA (a city in Franklin County) decided to establish - Resilient Greenfield. The mission of Resilient Greenfield is to support existing organizations to foster collaboration and coordination, and possibly create new projects to meet the emerging needs of Greenfield and surrounding towns. This is done through the creation of a volunteer clearinghouse - setting up a digital platform for local non-profits and others to post their volunteer opportunities while being a platform for individuals and business to connect to see how best to fill those volunteer opportunities. FCCLT found this mission compelling and helpful for our needs. When Resilient Greenfield reached the stage of needing to purchase software and accept donations, FCCLT was approached and approved to operate as fiscal sponsor.

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $6,840
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $6,840

Expense Breakdown

Grants Paid $10,750
Salaries & Benefits $9,243
Fundraising Expenses $5,276
Program Expenses $22,867
Other Expenses $9,981
TOTAL EXPENSES $31,224

Year-over-Year Comparison

2025 2024 Change
Revenue $6,840 $133,349 -0.9%
Expenses $31,224 $53,513 -0.4%
Net Income $-24,384 $79,836 -1.3%
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
5
Independent Members
5
Employees
1
Volunteers
12

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Judith Atkins President 0.5
Officer
$0 $0 $0
Martin Omasta Treasurer 5
Officer
$0 $0 $0
David Cohen Clerk 0.5
Officer
$0 $0 $0
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 $6,840 $31,224 $56,484 $-24,384
2024 $133,349 $53,513 $80,188 $79,836
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