Civic Intelligence

Franklin County Community Development Corporation

990 • Fiscal year 2022 • EIN 04-2678309

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Organization ProfileWWW.FCCDC.ORG
324 Wells StreetGreenfield, MA 01301

(413) 774-7204

Siviq Scores

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

Liabilities / Assets

79th percentile

0.47x

Higher debt load relative to assets than 79% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

84th percentile

1.05x

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

81st percentile

32%

Higher net margin than 81% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

47th percentile

$117,358

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

82nd percentile

26%

Faster asset growth than 82% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

2.3%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$8,345,548

Up $1,726,732 (+26%) from 2021

Net Assets

Up

$4,431,215

Up $1,218,860 (+38%) from 2021

Liabilities

Up

$3,914,333

Up $507,872 (+15%) from 2021

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin81st percentile

Revenue

Up

$3,713,917

Up $82,344 (+2.3%) from 2021

Expenses

Down

$2,522,012

Down $294,306 (-10%) from 2021

Net Income

Up

$1,191,905

Up $376,650 (+46%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth82nd percentile

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

2022

Assets$8,345,548
Liabilities$3,914,333
Net Assets$4,431,215
Open 2022 Filing

Operations Trend

Revenue Growth46th percentile

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

2022

Revenue$3,713,917
Expenses$2,522,012
Net Income$1,191,905
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$3,713,917
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.

Community economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,708,940$3,131,023▲ $422,083
Land, Buildings, and Equipment, Net$1,715,873$1,685,331▼ $30,542
Cash and Non-Interest-Bearing Accounts$408,400$1,237,489▲ $829,089
Accounts Receivable$215,792$313,583▲ $97,791
Pledges and Grants Receivable$390,692$274,609▼ $116,083
Total Assets$6,618,816$8,345,548▲ $1,726,732
Other Assets Total$1,179,119$1,703,513▲ $524,394
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,309,662$2,171,680▼ $137,982
Deferred Revenue$468,803$1,366,945▲ $898,142
Escrow Account Liability$462,333$219,989▼ $242,344
Accounts Payable and Accrued Expenses$165,663$155,719▼ $9,944
Total Liabilities$3,406,461$3,914,333▲ $507,872
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,212,355$4,431,215▲ $1,218,860
Total Net Assets Fund Balance$3,212,355$4,431,215▲ $1,218,860
Total Liabilities and Net Assets / Fund Balance$6,618,816$8,345,548▲ $1,726,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$481,842$1,803,329$2,285,171
Equipment$1,084,689$690,483$1,775,172
Land$118,800-$118,800
Other Assets Org$96,345--
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John F WaiteExecutive DirectorFT$111,805$5,553$117,358

Board Members and Trustees

NameTitle
Darren GalePresident
Andrea NathansonVice President
Kristi BodinDirector
Leda MahmoodiDirector
Michael BuckmasterDirector
Tanisha ArenaDirector
Tom EwingTreasurer/clerk

Highest Paid Contractors

ContractorServicesLocationCompensation
Harmon Personnel Services INCTemporary Labor Services326 DEERFIELD ST, Greenfield, MA 01301$123,366
Revenue and Support

Revenue Composition

Contributions and Grants
$2,897,573
Program Service Revenue
$816,137
Investment Income
$207
Other Revenue
$0
All Other Contributions
$238,999
Change in Net Assets
$1,191,905

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,713,917
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$96,721
Total Revenue per Audited Statements
$3,810,638
Total Revenue per Form 990
$3,713,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,515,128
Salaries, Compensation, and Employee Benefits$1,006,884
Total Fundraising Expense$76,047
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$795,661$82,298$17,857$895,816
Fees for Services Other$678,690$4,641-$683,331
Depreciation Depletion$202,103$1,710-$203,813
Office Expenses$161,342$7,726-$169,068
Current Officers, Directors, Trustees, and Key Employees$98,851$9,996$2,221$111,068
Occupancy$86,602$11,400$6,600$104,602
Advertising$15,460-$49,107$64,567
Fees for Services Accounting$12,500$46,704-$59,204
Interest$40,542--$40,542
Conferences and Meetings$7,853$2,861-$10,714
Other Expenses$3,616$3,000$262$3,616
Total Functional Expenses$2,247,858$198,107$76,047$2,522,012

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,608,839
Expenses per Audited Statements$2,522,012
Total Expenses per Form 990$2,522,012
Expenses Not Reported on Form 990$86,827
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The organization, a private non-profit organization, has members, which include both individuals and business/organizations.”

Form 990, Part VI, Section A, Line 7A

“Individual membership: individual and family membership of the corporation shall be open to anyone who has completed the corporation's membership application and filed it with the corporation's office. A family must designate one voting representative. Memberships are renewable annually. Organization membership: businesses or organizations may become members of the corporation by completing the corporation's membership application and filing it with the corporation's office. An organization member must designate one voting representative. Memberships are renewable annually. Voting rights of members: an individual member may also be the representative of an organization member. However, no one person shall have more than one vote.”

Form 990, Part VI, Section B, Line 11B

“A copy of the form 990 is provided to the board of directors via email. The board members review the 990 and provide feedback at their discretion before the return is filed with the irs.”

Form 990, Part VI, Section C, Line 19

“The organization makes these documents available to the public upon request. The financial statements are on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Franklin County Community Development
EIN
04-2678309
Phone
4137747204
Address
324 WELLS STREET, GREENFIELD, MA 01301

Signing Officer

Name
John F Waite
Title
Executive Director
Phone
4137747204
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John F Waite
Formed
1979
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
22
Volunteers
0

Preparer

Firm
Whittlesey Pc
Address
14 BOBALA RD, HOLYOKE, MA 01040
Preparer
Thomas Dowling
Phone
4135363970
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Temporary labor: program service expenses 123,366. Management and general expenses 0. Fundraising expenses 0. Total expenses 123,366. Contractors: program service expenses 555,324. Management and general expenses 4,641. Fundraising expenses 0. Total expenses 559,965.”

FORM 990, PART XI, LINE 9:

“Miscellanous other changes 26,955.”

Form 990, Part XII, Line 2C

“The board of directors assume responsibility for oversight of the audit and the auditor is selected each year for approval. This policy has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Franklin county community development corporation acts as fiscal agent for several organizations. The organization also holds tenant security deposits and loan repayments collected on behalf of a loan program administered for the town of erving.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Affiliate's revenue 96,721.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Affiliate's expenses 86,827.”

Raw XML AppendixShowing 400 of 511 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt02309662
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02171680
IRS990/NetAssetsOrFundBalancesBOYAmt03212355
IRS990/NetAssetsOrFundBalancesEOYAmt04431215
IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04431215
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt06600
IRS990/OccupancyGrp/ManagementAndGeneralAmt011400
IRS990/OccupancyGrp/ProgramServicesAmt086602
IRS990/OccupancyGrp/TotalAmt0104602
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07726
IRS990/OfficeExpensesGrp/ProgramServicesAmt0161342
IRS990/OfficeExpensesGrp/TotalAmt0169068
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01179119
IRS990/OtherAssetsTotalGrp/EOYAmt01703513
IRS990/OtherChangesInNetAssetsAmt026955
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1ALL OTHER
IRS990/OtherExpensesGrp/Desc2LOAN LOSS RESERVE/BAD D
IRS990/OtherExpensesGrp/Desc3INDIRECT
IRS990/OtherExpensesGrp/FundraisingAmt0262
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt027771
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13000
IRS990/OtherExpensesGrp/ProgramServicesAmt095125
IRS990/OtherExpensesGrp/ProgramServicesAmt121322
IRS990/OtherExpensesGrp/ProgramServicesAmt228191
IRS990/OtherExpensesGrp/ProgramServicesAmt33616
IRS990/OtherExpensesGrp/TotalAmt095125
IRS990/OtherExpensesGrp/TotalAmt149355
IRS990/OtherExpensesGrp/TotalAmt231191
IRS990/OtherExpensesGrp/TotalAmt33616
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt017857
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt082298
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0795661
IRS990/OtherSalariesAndWagesGrp/TotalAmt0895816
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02708940
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt03131023
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0390692
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0274609
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JOHN F WAITE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2522200
IRS990/ProgramServiceRevenueGrp/BusinessCd3611710
IRS990/ProgramServiceRevenueGrp/Desc0FOOD PROCESSING CENTER
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2INTEREST & FEES ON LOA
IRS990/ProgramServiceRevenueGrp/Desc3TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0385965
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1212426
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2110044
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0385965
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1212426
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2110044
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31000
IRS990/ProgSrvcAccomActy2Grp/Desc0THE LENDING PROGRAM AT THE FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION RAISES CAPITAL FROM BOTH PUBLIC AND PRIVATE SOURCES TO PROVIDE FINANCING FOR BUSINESSES, START-UPS AND EXPANSIONS. FOR THE YEAR ENDED JUNE 30, 2022, 28 LOANS WERE MADE FOR AN AGGREGATE AMOUNT OF $1.96 MILLION. AS OF JUNE 30, 2022, THE ORGANIZATION WAS SERVICING 119 LOANS WITH AN OUTSTANDING BALANCE OF APPROXIMATELY $5 MILLION, WITH A DELINQUENCY RATE ABOUT 2.5%. THIS PROGRAM HAS SUPPORTED HUNDREDS OF SMALL BUSINESSES AND ENTREPRENEURS THAT HAVE IN TURN CREATED WELL OVER 1,500 JOBS AND LEVERAGES MILLIONS OF DOLLARS OF ADDITIONAL PRIVATE CAPITAL INVESTMENT.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0408488
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt01692050
IRS990/ProgSrvcAccomActy3Grp/Desc0THE BUSINESS DEVELOPMENT PROGRAM CONSISTS OF ASSISTANCE TO BUSINESS OWNERS WITH BUSINESS PLANNING, STRUCTURING AN ORGANIZATION, CREATING A BUSINESS PLAN, SETTING GOALS, MARKETING, OPERATIONAL CONTROLS, AND CREATING A FINANCIAL PLAN. THIS PROGRAM HAS EXPANDED ITS REACH TO NOW INCLUDE HAMPSHIRE AND NORTHERN BERKSHIRE COUNTIES. HUNDEREDS OF CLIENTS WERE SUPPORTED THIS PAST YEAR, WITH 92 OF THEM RECEIVING MORE THAN FIVE HOURS OF ASSISTANCE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0450744
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0542469
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VENTURE CENTER - REVENUE $212,426, EXPENSES $152,229 THE COMMERCIAL REAL ESTATE PROGRAM CONSISTS OF A VENTURE CENTER. THE VENTURE CENTER IS A RENOVATED INDUSTRIAL BUILDING AND OPERATES AS A SMALL BUSINESS INCUBATOR. THE CENTER PROVIDES INDUSTRIAL OFFICE SPACE AND OTHER RESOURCES FOR START-UP BUSINESSES TO KEEP THEIR CAPITAL COST LOWER DURING THEIR EARLY YEARS OF OPERATIONS. 55 BUSINESSES HAVE OPERATED AT THE VENTURE CENTER SINCE 1989. MANY HAVE GROWN UP AND OUT AND HAVE CREATED THOUSANDS OF JOBS IN THE COMMUNITY.RACIAL JUSTICE - REVENUE $128,404, EXPENSES $112,700THE RACIAL JUSTICE INITIATIVE PURPOSE IS TO WORK WITH BUSINESSES IN FRANKLIN COUNTY TO HELP MAKE THEM MORE WELCOMING AND INCLUSIVE. THE RACIAL JUSTICE INITIATIVE SUPPORTS LEADERS AS THEY FOCUS ON THE BUSINESS COMMUNITY TO FURTHER RACIAL EQUITY IN THE WORKPLACE AND IN THE COMMUNITY THROUGH COMMUNICATIONS, PROGRAMS, AND PRACTICES. IN ORDER TO EXPERIENCE AN ACTUAL IMPACT, THE RACIAL JUSTICE INITIATIVE ENCOURAGES BUSINESSES TO LOOK AT EXISTING WHITE DOMINANT CULTURE AND FOCUS ON STRUCTURAL CHANGE, SUCH AS THE IMPROVEMENT OF OUTREACH EFFORTS TO RECRUIT DIVERSE TALENT AND ADDRESS IMPLICIT BIAS IN THE WORKPLACE. THE INITIATIVE STARTED IN NOVEMBER 2020 AND HAS CONNECTED WITH OVER 80 EMPLOYEES AND EMPLOYERS.MAAIC - REVENUE $113,030, EXPENSES $103,073THE MASSACHUSETTS AGRICULTURE INNOVATIONS CENTER, CREATED IN 2022, IS A NETWORK OF BUSINESS-ASSISTANCEPROVIDERS ACROSS MASSACHUSETTS THAT HELPS FARMS LAUNCH AND SCALE NEW VALUE-ADDED PRODUCTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0469928
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0560562
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02332684
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03391
IRS990/PYOtherExpensesAmt01855088
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01295498
IRS990/PYRevenuesLessExpensesAmt0815255
IRS990/PYSalariesCompEmpBnftPaidAmt0961230
IRS990/PYTotalExpensesAmt02816318
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03631573
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01191905
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0679630
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03713710
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02332684
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01130591
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01232456
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0821180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09230621
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0207
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt060
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0402
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt09230621
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03713710
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02332684
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01130591
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01232456
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0821180
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09230621
IRS990ScheduleA/TotalSupportAmt09231023
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0481842
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01803329
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02285171
IRS990ScheduleD/EquipmentGrp/BookValueAmt01084689
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0690483
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01775172
IRS990ScheduleD/ExpensesNotReportedAmt086827
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02522012
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0118800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0118800
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01594366
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112802
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt296345
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PREPAID EXPENSE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DUE FROM AFFILIATE
IRS990ScheduleD/OtherExpensesIncludedAmt086827
IRS990ScheduleD/OtherRevenueAmt096721
IRS990ScheduleD/RevenueNotReportedAmt096721
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03713917
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FRANKLIN COUNTY COMMUNITY DEVELOPMENT CORPORATION ACTS AS FISCAL AGENT FOR SEVERAL ORGANIZATIONS. THE ORGANIZATION ALSO HOLDS TENANT SECURITY DEPOSITS AND LOAN REPAYMENTS COLLECTED ON BEHALF OF A LOAN PROGRAM ADMINISTERED FOR THE TOWN OF ERVING.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1AFFILIATE'S REVENUE 96,721.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2AFFILIATE'S EXPENSES 86,827.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01685331
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01703513
IRS990ScheduleD/TotalExpensesPerForm990Amt02522012
IRS990ScheduleD/TotalRevenuePerForm990Amt03713917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03810638
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02608839
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION, A PRIVATE NON-PROFIT ORGANIZATION, HAS MEMBERS, WHICH INCLUDE BOTH INDIVIDUALS AND BUSINESS/ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIVIDUAL MEMBERSHIP: INDIVIDUAL AND FAMILY MEMBERSHIP OF THE CORPORATION SHALL BE OPEN TO ANYONE WHO HAS COMPLETED THE CORPORATION'S MEMBERSHIP APPLICATION AND FILED IT WITH THE CORPORATION'S OFFICE. A FAMILY MUST DESIGNATE ONE VOTING REPRESENTATIVE. MEMBERSHIPS ARE RENEWABLE ANNUALLY. ORGANIZATION MEMBERSHIP: BUSINESSES OR ORGANIZATIONS MAY BECOME MEMBERS OF THE CORPORATION BY COMPLETING THE CORPORATION'S MEMBERSHIP APPLICATION AND FILING IT WITH THE CORPORATION'S OFFICE. AN ORGANIZATION MEMBER MUST DESIGNATE ONE VOTING REPRESENTATIVE. MEMBERSHIPS ARE RENEWABLE ANNUALLY. VOTING RIGHTS OF MEMBERS: AN INDIVIDUAL MEMBER MAY ALSO BE THE REPRESENTATIVE OF AN ORGANIZATION MEMBER. HOWEVER, NO ONE PERSON SHALL HAVE MORE THAN ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS VIA EMAIL. THE BOARD MEMBERS REVIEW THE 990 AND PROVIDE FEEDBACK AT THEIR DISCRETION BEFORE THE RETURN IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ON THE ORGANIZATION'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 123,366. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 123,366. CONTRACTORS: PROGRAM SERVICE EXPENSES 555,324. MANAGEMENT AND GENERAL EXPENSES 4,641. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 559,965.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANOUS OTHER CHANGES 26,955.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE AUDITOR IS SELECTED EACH YEAR FOR APPROVAL. THIS POLICY HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PV GROWS INVESTMENT FUND INC

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,345,548
Liabilities
$3,914,333
Net assets
$4,431,215
Revenue
$3,713,917
Expenses
$2,522,012
Net income
$1,191,905
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