Civic Intelligence

Franklin County Community Development Corporation

990 • Fiscal year 2013 • EIN 04-2678309

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 25, 2014

324 Wells StreetGreenfield, MA 01301
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.68x

Higher debt load relative to assets than 84% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

59th percentile

5.0%

Faster asset growth than 59% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$4,632,736

Up $222,439 (+5.0%) from 2012

Net Assets

Up

$1,467,951

Up $82,177 (+5.9%) from 2012

Liabilities

Up

$3,164,785

Up $140,262 (+4.6%) from 2012

Revenue

$1,054,033

No earlier filing loaded for comparison.

Expenses

Up

$1,096,532

Up $15,423 (+1.4%) from 2012

Net Income

-$42,499

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2010: $3,986,196Liabilities 2010: $2,844,486Net Assets 2010: $1,141,7102010Assets 2011: $4,307,658Liabilities 2011: $3,057,453Net Assets 2011: $1,250,2052011Assets 2012: $4,410,297Liabilities 2012: $3,024,523Net Assets 2012: $1,385,7742012Assets 2013: $4,632,736Liabilities 2013: $3,164,785Net Assets 2013: $1,467,9512013Assets 2014: $4,667,411Liabilities 2014: $3,237,243Net Assets 2014: $1,430,1682014Assets 2015: $5,025,654Liabilities 2015: $3,505,958Net Assets 2015: $1,519,6962015Assets 2016: $4,765,257Liabilities 2016: $3,304,540Net Assets 2016: $1,460,7172016Assets 2017: $4,587,574Liabilities 2017: $3,013,199Net Assets 2017: $1,574,3752017Assets 2018: $4,795,476Liabilities 2018: $2,951,653Net Assets 2018: $1,843,8232018Assets 2019: $5,123,000Liabilities 2019: $2,901,548Net Assets 2019: $2,221,4522019Assets 2020: $6,133,882Liabilities 2020: $3,739,547Net Assets 2020: $2,394,3352020Assets 2021: $6,618,816Liabilities 2021: $3,406,461Net Assets 2021: $3,212,3552021Assets 2022: $8,345,548Liabilities 2022: $3,914,333Net Assets 2022: $4,431,2152022Assets 2023: $9,195,245Liabilities 2023: $3,315,857Net Assets 2023: $5,879,3882023Assets 2024: $10,805,319Liabilities 2024: $3,872,982Net Assets 2024: $6,932,3372024

Highlighted filing

2013

Assets$4,632,736
Liabilities$3,164,785
Net Assets$1,467,951

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $747,6862010Expenses 2011: $772,1392011Expenses 2012: $1,081,1092012Revenue 2013: $1,054,033Expenses 2013: $1,096,532Net Income 2013: -$42,4992013Revenue 2014: $1,345,022Expenses 2014: $1,381,791Net Income 2014: -$36,7692014Revenue 2015: $1,980,961Expenses 2015: $1,856,124Net Income 2015: $124,8372015Revenue 2016: $1,412,078Expenses 2016: $1,667,032Net Income 2016: -$254,9542016Revenue 2017: $1,933,987Expenses 2017: $1,507,198Net Income 2017: $426,7892017Revenue 2018: $1,733,228Expenses 2018: $1,506,551Net Income 2018: $226,6772018Revenue 2019: $2,368,950Expenses 2019: $1,991,320Net Income 2019: $377,6302019Revenue 2020: $2,328,783Expenses 2020: $2,282,900Net Income 2020: $45,8832020Revenue 2021: $3,631,573Expenses 2021: $2,816,318Net Income 2021: $815,2552021Revenue 2022: $3,713,917Expenses 2022: $2,522,012Net Income 2022: $1,191,9052022Revenue 2023: $4,180,733Expenses 2023: $2,707,299Net Income 2023: $1,473,4342023Revenue 2024: $4,121,635Expenses 2024: $3,068,686Net Income 2024: $1,052,9492024

Highlighted filing

2013

Revenue$1,054,033
Expenses$1,096,532
Net Income-$42,499
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 25, 2014
Return Version
2012v2.1
Gross Receipts
$1,054,033
Mission and Program Overview

Mission

The purpose of the corporation is to sitmulate a more vital rural economy, to maximize community control over our future economic destiny, and to expand opportunities for low and moderate income residents of franklin county.

Major Activities

Activity 2
The venture center at the franklin county community development corporation is a renovated industrial building and operates as a small business incubator. The center provides industrial and office space, as well as office equipment and other resources, for start-up businesses to keep their capital cost lower during their early years of operations.
Activity 3
The lending program at the franklin county community development corporation raises capital from both public and private sources to provide "gap" financing for business start-ups and expansions.
Filing and Contact Details

Filer

EIN
04-2678309
Raw XML AppendixShowing 400 of 518 raw XML fields

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IRS990/Activity2/Description0THE VENTURE CENTER AT THE FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION IS A RENOVATED INDUSTRIAL BUILDING AND OPERATES AS A SMALL BUSINESS INCUBATOR. THE CENTER PROVIDES INDUSTRIAL AND OFFICE SPACE, AS WELL AS OFFICE EQUIPMENT AND OTHER RESOURCES, FOR START-UP BUSINESSES TO KEEP THEIR CAPITAL COST LOWER DURING THEIR EARLY YEARS OF OPERATIONS.
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IRS990ScheduleD/ExpensesSubtotal01096532
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 DID NOT HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION'S FEDERAL FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) FOR 2010, 2011, AND 2012 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1THE ORGANIZATION FOLLOWS FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FASB ASC 740-10 DID NOT HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
IRS990ScheduleD/Land/BookValue0172500
IRS990ScheduleD/Land/OtherCostOrOtherBasis0172500
IRS990ScheduleD/OtherAssets/BookValue06146
IRS990ScheduleD/OtherAssets/BookValue1477989
IRS990ScheduleD/OtherAssets/BookValue2372305
IRS990ScheduleD/OtherAssets/BookValue3-85020
IRS990ScheduleD/OtherAssets/Description0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssets/Description1REVOLVING LOAN FUNDS
IRS990ScheduleD/OtherAssets/Description2GRANT FUNDS
IRS990ScheduleD/OtherAssets/Description3FUNDS USED BY OPERATING CASH
IRS990ScheduleD/OtherLandBuildings/BookValue0619599
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0619599
IRS990ScheduleD/OtherLiabilities/Amount018417
IRS990ScheduleD/OtherLiabilities/Description0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01054033
IRS990ScheduleD/TotalBookValueOtherAssets0771420
IRS990ScheduleD/TotalExpensesPerForm99001096532
IRS990ScheduleD/TotalOfAmounts018417
IRS990ScheduleD/TotalOfBookValueLandBuildings01792890
IRS990ScheduleD/TotalRevenuePerForm99001054033
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt01096532
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01054033
IRS990/ScheduleJRequired00
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0REGIS CROSBY IS A MEMBER OF THE BOARD OF DIRECTORS OF THE ORGANIZATION AND ALSO THE CHIEF FINANCIAL PERSON FOR FRANKLIN COUNTY HOME CARE, AN ORGANIZATION WHICH RENTS SPACE FROM THE ORGANIZATION'S FOOD PROCESSING CENTER. MS. CROSBY DOES NOT VOTE ON ANY MATTERS CONCERNING FRANKLIN COUNTY HOME CARE.
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1JESSICA ATWOOD IS EMPLOYED BY FRANKLIN REGIONAL COUNCIL OF GOVERNMENTS. THE ORGANIATION RECEIVES GRANTS FROM AND HAS A LOAN OUTSTANDING WITH THE COUNCIL.
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction2A.J. BRESCIANO IS EMPLOYED BY GREENFIELD SAVINGS BANK, WHICH THE ORGANIZATION HAS BANKING RELATIONS WITH.
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction3MARK TANNER IS AN ATTORNEY, WHICH THE ORGANIZATION PERIODICALLY HIRES TO HANDLE ISSUES RELATED TO THE LENDING PROGRAM.
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0REGIS CROSBY
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson1JESSICA ATWOOD

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$10.8$3.87$6.93$4.12$3.07$1.05
2023Detailed filing. Detailed filing data is available for this year.$9.20$3.32$5.88$4.18$2.71$1.47
2022Detailed filing. Detailed filing data is available for this year.$8.35$3.91$4.43$3.71$2.52$1.19
2021Detailed filing. Detailed filing data is available for this year.$6.62$3.41$3.21$3.63$2.82$0.82
2020Detailed filing. Detailed filing data is available for this year.$6.13$3.74$2.39$2.33$2.28$0.05
2019Detailed filing. Detailed filing data is available for this year.$5.12$2.90$2.22$2.37$1.99$0.38
2018Detailed filing. Detailed filing data is available for this year.$4.80$2.95$1.84$1.73$1.51$0.23
2017Detailed filing. Detailed filing data is available for this year.$4.59$3.01$1.57$1.93$1.51$0.43
2016Detailed filing. Detailed filing data is available for this year.$4.77$3.30$1.46$1.41$1.67$0.25
2015Detailed filing. Detailed filing data is available for this year.$5.03$3.51$1.52$1.98$1.86$0.12
2014Detailed filing. Detailed filing data is available for this year.$4.67$3.24$1.43$1.35$1.38$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.63$3.16$1.47$1.05$1.10$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$3.02$1.39$1.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.31$3.06$1.25$0.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.99$2.84$1.14$0.75