Civic Intelligence

Equity Trust Inc.

990 • Fiscal year 2016 • EIN 06-1337421

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 06, 2017

Organization ProfileEQUITYTRUST.ORG
PO Box 746Amherst, MA 01004-0746

(413) 256-6161

Siviq Scores

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

Liabilities / Assets

85th percentile

0.78x

Higher debt load relative to assets than 85% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

96th percentile

10.46x

Higher debt load relative to revenue than 96% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

35th percentile

-1.4%

Higher net margin than 35% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

23rd percentile

$49,548

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

84th percentile

20%

Faster asset growth than 84% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

47%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$8,101,452

Up $1,349,842 (+20%) from 2015

Net Assets

Down

$1,801,920

Down $8,296 (-0.5%) from 2015

Liabilities

Up

$6,299,532

Up $1,358,138 (+27%) from 2015

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin35th percentile

Revenue

Up

$602,450

Up $193,993 (+47%) from 2015

Expenses

Up

$610,746

Up $250,129 (+69%) from 2015

Net Income

Down

-$8,296

Down $56,136 (-117%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$10M$5.0M$0Assets 2010: $2,516,166Liabilities 2010: $1,696,714Net Assets 2010: $819,4522010Assets 2011: $2,665,450Liabilities 2011: $1,899,039Net Assets 2011: $766,4112011Assets 2012: $2,902,778Liabilities 2012: $2,162,350Net Assets 2012: $740,4282012Assets 2013: $4,168,679Liabilities 2013: $2,404,206Net Assets 2013: $1,764,4732013Assets 2014: $5,386,728Liabilities 2014: $3,624,352Net Assets 2014: $1,762,3762014Assets 2015: $6,751,610Liabilities 2015: $4,941,394Net Assets 2015: $1,810,2162015Assets 2016: $8,101,452Liabilities 2016: $6,299,532Net Assets 2016: $1,801,9202016Assets 2017: $9,052,442Liabilities 2017: $6,568,667Net Assets 2017: $2,483,7752017Assets 2018: $9,139,131Liabilities 2018: $6,472,807Net Assets 2018: $2,666,3242018Assets 2019: $6,494,144Liabilities 2019: $4,600,147Net Assets 2019: $1,893,9972019Assets 2020: $6,115,136Liabilities 2020: $4,587,866Net Assets 2020: $1,527,2702020Assets 2021: $6,214,619Liabilities 2021: $4,411,290Net Assets 2021: $1,803,3292021Assets 2022: $6,434,499Liabilities 2022: $4,422,829Net Assets 2022: $2,011,6702022Assets 2023: $6,582,486Liabilities 2023: $4,357,322Net Assets 2023: $2,225,1642023Assets 2024: $6,734,675Liabilities 2024: $4,411,243Net Assets 2024: $2,323,4322024

Highlighted filing

2016

Assets$8,101,452
Liabilities$6,299,532
Net Assets$1,801,920
Open 2016 Filing

Operations Trend

Revenue Growth89th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2010: $203,587Expenses 2010: $241,434Net Income 2010: -$37,8472010Expenses 2011: $183,5812011Expenses 2012: $190,0362012Revenue 2013: $1,284,713Expenses 2013: $260,668Net Income 2013: $1,024,0452013Revenue 2014: $328,697Expenses 2014: $330,794Net Income 2014: -$2,0972014Revenue 2015: $408,457Expenses 2015: $360,617Net Income 2015: $47,8402015Revenue 2016: $602,450Expenses 2016: $610,746Net Income 2016: -$8,2962016Revenue 2017: $1,005,450Expenses 2017: $323,595Net Income 2017: $681,8552017Revenue 2018: $1,182,504Expenses 2018: $999,955Net Income 2018: $182,5492018Revenue 2019: $464,543Expenses 2019: $1,236,870Net Income 2019: -$772,3272019Revenue 2020: $383,866Expenses 2020: $750,593Net Income 2020: -$366,7272020Revenue 2021: $589,639Expenses 2021: $313,580Net Income 2021: $276,0592021Revenue 2022: $420,144Expenses 2022: $211,803Net Income 2022: $208,3412022Revenue 2023: $595,867Expenses 2023: $382,373Net Income 2023: $213,4942023Revenue 2024: $450,097Expenses 2024: $351,829Net Income 2024: $98,2682024

Highlighted filing

2016

Revenue$602,450
Expenses$610,746
Net Income-$8,296
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 6, 2017
Return Version
2016v3.0
Gross Receipts
$602,450
Mission and Program Overview

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.

To promote and provide access to land, housing, capital and employmentopportunities for disadvantaged and low-income people; to promote the conservation and/or management of land and natural resources and for related charitable and educational purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$3,805,104$4,736,378▲ $931,274
Savings and Temporary Cash Investments$2,041,276$2,251,685▲ $210,409
Cash and Non-Interest-Bearing Accounts$482,902$684,591▲ $201,689
Investments Program Related$389,188$388,055▼ $1,133
Accounts Receivable$18,682$28,063▲ $9,381
Pledges and Grants Receivable$13,335$12,680▼ $655
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$6,751,610$8,101,452▲ $1,349,842
Other Assets Total$1,123--
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,853,886$6,165,437▲ $1,311,551
Deferred Revenue$56,250$71,250▲ $15,000
Accounts Payable and Accrued Expenses$31,258$41,000▲ $9,742
Other Liabilities$0$21,845▲ $21,845
Total Liabilities$4,941,394$6,299,532▲ $1,358,138
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,643,924$1,649,548▲ $5,624
Unrestricted Net Assets$166,292$152,372▼ $13,920
Total Net Assets Fund Balance$1,810,216$1,801,920▼ $8,296
Total Liabilities and Net Assets / Fund Balance$6,751,610$8,101,452▲ $1,349,842

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$11,401-
Compensation and Service Providers
Top Officer Pay23rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
James B OldhamExecutive DirectorFT$49,548$49,548

Board Members and Trustees

NameTitle
Scott ReedPresident
Jody BolluytVice President
David AbromowitzBoard Member
Monica McgloinBoard Member
Russ FoxBoard Member
Madeline CantwellClerk
Dan RosenbergTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$416,598
Program Service Revenue
$177,027
Investment Income
$8,825
Other Revenue
$0
All Other Contributions
$416,598
Change in Net Assets
$-8,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$602,450
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$19,825
Total Revenue per Audited Statements
$622,275
Total Revenue per Form 990
$602,450
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$470,938
Salaries, Compensation, and Employee Benefits$139,808
Total Fundraising Expense$3,368
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$115,314$10,138$1,267$126,719
Fees for Services Other$14,250--$14,250
Payroll Taxes$9,523$972$480$10,975
Occupancy$9,248$823$129$10,200
Other Expenses$10,167--$10,167
All Other Expenses$5,994$887$1,267$8,148
Fees for Services Accounting-$6,500-$6,500
Depreciation Depletion$4,983--$4,983
Travel$4,192--$4,192
Fees for Services Legal$2,854--$2,854
Insurance$86$2,479-$2,565
Other Employee Benefits$1,916$171$27$2,114
Office Expenses$562$26$198$786
Total Functional Expenses$585,382$21,996$3,368$610,746

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$630,571
Expenses per Audited Statements$610,746
Total Expenses per Form 990$610,746
Expenses Not Reported on Form 990$19,825
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$21,845
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Process used to review form 990 staff provide all information for the outside accountant to audit the financial statements. The staff and the board of directors review and approve the audited financial statements. The outside accountant, with staff input, prepares the form 990 based on the audited financial statements. The staff and the ceo review the form 990 and forward to the board. Board reviews and approves. Ceo signs and submits the form 990.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Equity Trust Inc
EIN
06-1337421
Phone
4132566161
Address
PO BOX 746, AMHERST, MA 01004-0746
Doing Business As
Non Profit 501 C 3

Signing Officer

Name
James Oldham
Title
Executive Director
Phone
4132566161
Signed
2017-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Oldham
Formed
1991
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
4
Volunteers
3

Preparer

Firm
Mullen Scorpio & Cerilli
Address
67 CEDAR STREET, PROVIDENCE, RI 02903
Preparer
Patricia M Cerilli
Phone
4017513860
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization evaluates its uncertain tax postions using guidance for contingencies as contained in generally accepted accounting principles. The organization was not aware of any uncertain tax positions that were not provided in the accompanying financial statements.”

Part II, Line 9

“Conservation easements are acquired through donation or purchased at appraised value, but are carried as an asset on the books at $1, since they are considered to have no market value.”

Raw XML AppendixShowing 400 of 459 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt031258
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt041000
IRS990/AccountsReceivableGrp/BOYAmt018682
IRS990/AccountsReceivableGrp/EOYAmt028063
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE AND PROVIDE ACCESS TO LAND, HOUSING, CAPITAL AND EMPLOYMENTOPPORTUNITIES FOR DISADVANTAGED AND LOW-INCOME PEOPLE; TO PROMOTE THE CONSERVATION AND/OR MANAGEMENT OF LAND AND NATURAL RESOURCES AND FOR RELATED CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990/AllOtherContributionsAmt0416598
IRS990/AllOtherExpensesGrp/FundraisingAmt01267
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0887
IRS990/AllOtherExpensesGrp/ProgramServicesAmt05994
IRS990/AllOtherExpensesGrp/TotalAmt08148
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0JAMES OLDHAM
IRS990/BooksInCareOfDetail/PhoneNum04132566161
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 746
IRS990/BooksInCareOfDetail/USAddress/CityNm0AMHERST
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001004
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0482902
IRS990/CashNonInterestBearingGrp/EOYAmt0684591
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd01
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0416598
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt08825
IRS990/CYOtherExpensesAmt0470938
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0177027
IRS990/CYRevenuesLessExpensesAmt0-8296
IRS990/CYSalariesCompEmpBnftPaidAmt0139808
IRS990/CYTotalExpensesAmt0610746
IRS990/CYTotalFundraisingExpenseAmt03368
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0602450
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt056250
IRS990/DeferredRevenueGrp/EOYAmt071250
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt04983
IRS990/DepreciationDepletionGrp/TotalAmt04983
IRS990/Desc0EQUITY 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 2016. THE CURRENT PORFOLIO AS OF THE END OF THE YEAR INCLUDED TWENTY-EIGHT PROJECTS REPRESENTING THE FULL RANGE OF THE FUND'S MISSION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0NON PROFIT 501 C 3
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0107495
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06500
IRS990/FeesForServicesAccountingGrp/TotalAmt06500
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02854
IRS990/FeesForServicesLegalGrp/TotalAmt02854
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt014250
IRS990/FeesForServicesOtherGrp/TotalAmt014250
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt450.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MONICA MCGLOIN
IRS990/Form990PartVIISectionAGrp/PersonNm1DAVID ABROMOWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm2SCOTT REED
IRS990/Form990PartVIISectionAGrp/PersonNm3JODY BOLLUYT
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES B OLDHAM
IRS990/Form990PartVIISectionAGrp/PersonNm5RUSS FOX
IRS990/Form990PartVIISectionAGrp/PersonNm6DAN ROSENBERG
IRS990/Form990PartVIISectionAGrp/PersonNm7MADELINE CANTWELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt449548
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CLERK
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01991
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0602450
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02479
IRS990/InsuranceGrp/ProgramServicesAmt086
IRS990/InsuranceGrp/TotalAmt02565
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt08825
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt08825
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0389188
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0388055
IRS990/IRPDocumentCnt046
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011401
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt011401
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE AND PROVIDE ACCESS TO LAND, HOUSING, CAPITAL AND EMPLOYMENTOPPORTUNITIES FOR DISADVANTAGED AND LOW-INCOME PEOPLE; TO PROMOTE THE CONSERVATION AND/OR MANAGEMENT OF LAND AND NATURAL RESOURCES AND FOR RELATED CHARITABLE AND EDUCATIONAL PURPOSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04853886
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06165437
IRS990/NetAssetsOrFundBalancesBOYAmt01810216
IRS990/NetAssetsOrFundBalancesEOYAmt01801920
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt0129
IRS990/OccupancyGrp/ManagementAndGeneralAmt0823
IRS990/OccupancyGrp/ProgramServicesAmt09248
IRS990/OccupancyGrp/TotalAmt010200
IRS990/OfficeExpensesGrp/FundraisingAmt0198
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt026
IRS990/OfficeExpensesGrp/ProgramServicesAmt0562
IRS990/OfficeExpensesGrp/TotalAmt0786
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01123
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt027
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0171
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01916
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02114
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSE
IRS990/OtherExpensesGrp/Desc1INTEREST PAID TO LENDER
IRS990/OtherExpensesGrp/Desc2LOAN LOSS
IRS990/OtherExpensesGrp/Desc3PROPERTY COST
IRS990/OtherExpensesGrp/ProgramServicesAmt0285926
IRS990/OtherExpensesGrp/ProgramServicesAmt183448
IRS990/OtherExpensesGrp/ProgramServicesAmt236919
IRS990/OtherExpensesGrp/ProgramServicesAmt310167
IRS990/OtherExpensesGrp/TotalAmt0285926
IRS990/OtherExpensesGrp/TotalAmt183448
IRS990/OtherExpensesGrp/TotalAmt236919
IRS990/OtherExpensesGrp/TotalAmt310167
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt021845
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01267
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt010138
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0115314
IRS990/OtherSalariesAndWagesGrp/TotalAmt0126719
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt03805104
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04736378
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0480
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0972
IRS990/PayrollTaxesGrp/ProgramServicesAmt09523
IRS990/PayrollTaxesGrp/TotalAmt010975
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013335
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt012680
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0JAMES OLDHAM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc1PROPERTY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2TECHNICAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0132465
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123512
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0132465
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123512
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221050
IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATION AND TECHNICAL ASSISTANCE TO PROMOTE THE ESTABLISHMENT AND SUSTAINABILITY OF ENVIRONMENTALLY SOUND FARMS THAT BENEFIT THEIR LOCAL COMMUNITIES. SUPPORT FOR THE PERMANENT PROTECTION OF FARMLAND, FARM INFRASTRUCTURE, AND THE AFFORDABILITY OF THESE RESOURCES TO WORKING FARMERS. IN 2016, EQUITY TRUST'S WORK FOCUSED ON ITS HUDSON VALLEY FARM AFFORDABILITY PROGRAM WHILE ALSO SUPPORTING FARM PROTECTION EFFORTS IN MA, CA, PA, AND CO; PROVIDING TRAINING FOR LAND TRUSTS ON INNOVATIVE APPROACHES TO FARM PROTECTION; AND RESPONDING TO DOZENS OF ASSISTANCE REQUESTS FROM FARMERS, LAND OWNERS, AND LAND TRUSTS FROM AROUND THE COUNTRY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0443626
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt071879
IRS990/ProgSrvcAccomActy3Grp/Desc0PROPERTY STEWARDSHIP: EQUITY TRUST OWNS AND STEWARDS PERMANENTLY PRESERVED AND AFFORDABLE FARM PROPERITIES IN NEW YORK AND NEW HAMPSHIRE, AND A MIXED-USE BUILDING PROVIDING AFFORDABLE RENTAL HOUSING AND OFFICE SPACE IN MASSACHUSETTS. EQUITY TRUST IS ALSO THE HOLDER OF CONSERVATION EASEMENTS PERMANENTLY PROTECTING FARM PROPERTIES IN CALIFORNIA AND MASSACHUSETTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt034261
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt023512
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0216020
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07206
IRS990/PYOtherExpensesAmt0208543
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0185231
IRS990/PYRevenuesLessExpensesAmt047840
IRS990/PYSalariesCompEmpBnftPaidAmt0152074
IRS990/PYTotalExpensesAmt0360617
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0408457
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-8296
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt088238
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02041276
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02251685
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0416598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0216020
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0169184
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0161481
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01008911
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt032337
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07206
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt029093
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt029758
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0129597
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0627565
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.35810
IRS990ScheduleA/PublicSupportPY170Pct00.42160
IRS990ScheduleA/PublicSupportTotal170Amt0407738
IRS990ScheduleA/SubstantialContributorsTotAmt0601173
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0416598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0216020
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0169184
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0161481
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045628
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01008911
IRS990ScheduleA/TotalSupportAmt01138508
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/DonatedServicesAndUseFcltsAmt019825
IRS990ScheduleD/DonatedServicesUseFcltsAmt019825
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011401
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt011401
IRS990ScheduleD/ExpensesIncurredEnforcementAmt00
IRS990ScheduleD/ExpensesNotReportedAmt019825
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0610746
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/ModifiedEasementsCnt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt021845
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
IRS990ScheduleD/PreservationOpenSpaceInd0X
IRS990ScheduleD/RevenueNotReportedAmt019825
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0602450
IRS990ScheduleD/Section170hRqrStsfdInd00
IRS990ScheduleD/StaffHoursSpentEnforcementCnt010.00
IRS990ScheduleD/StatesEasementsHeldCnt02
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION EVALUATES ITS UNCERTAIN TAX POSTIONS USING GUIDANCE FOR CONTINGENCIES AS CONTAINED IN GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. THE ORGANIZATION WAS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS THAT WERE NOT PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CONSERVATION EASEMENTS ARE ACQUIRED THROUGH DONATION OR PURCHASED AT APPRAISED VALUE, BUT ARE CARRIED AS AN ASSET ON THE BOOKS AT $1, SINCE THEY ARE CONSIDERED TO HAVE NO MARKET VALUE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART II, LINE 9
IRS990ScheduleD/TotalAcreageCnt085.31
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalEasementsCnt02
IRS990ScheduleD/TotalExpensesPerForm990Amt0610746
IRS990ScheduleD/TotalLiabilityAmt021845
IRS990ScheduleD/TotalRevenuePerForm990Amt0602450
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0622275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0630571
IRS990ScheduleD/WrittenPolicyMonitoringInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROCESS USED TO REVIEW FORM 990 STAFF PROVIDE ALL INFORMATION FOR THE OUTSIDE ACCOUNTANT TO AUDIT THE FINANCIAL STATEMENTS. THE STAFF AND THE BOARD OF DIRECTORS REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS. THE OUTSIDE ACCOUNTANT, WITH STAFF INPUT, PREPARES THE FORM 990 BASED ON THE AUDITED FINANCIAL STATEMENTS. THE STAFF AND THE CEO REVIEW THE FORM 990 AND FORWARD TO THE BOARD. BOARD REVIEWS AND APPROVES. CEO SIGNS AND SUBMITS THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0EQUITY TRUST INC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0EQUITY TRUST HUDSON VALLEY FARM AFFORDABILITY FUND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0464682444
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0TO CONSERVE WORKING FARMS IN THE HUDSON VALLEY, NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 746
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0AMHERST
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0010040746
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/StatesWhereCopyOfReturnIsFldCd1MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01643924
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01649548
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06751610
IRS990/TotalAssetsEOYAmt08101452
IRS990/TotalAssetsGrp/BOYAmt06751610
IRS990/TotalAssetsGrp/EOYAmt08101452
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0416598
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03368
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt021996
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0585382
IRS990/TotalFunctionalExpensesGrp/TotalAmt0610746
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04941394
IRS990/TotalLiabilitiesEOYAmt06299532
IRS990/TotalLiabilitiesGrp/BOYAmt04941394
IRS990/TotalLiabilitiesGrp/EOYAmt06299532
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01810216
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01801920
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0585382
IRS990/TotalProgramServiceRevenueAmt0177027

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,101,452
Liabilities
$6,299,532
Net assets
$1,801,920
Revenue
$602,450
Expenses
$610,746
Net income
-$8,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.73$4.41$2.32$0.45$0.35$0.10
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$4.36$2.23$0.60$0.38$0.21
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$4.42$2.01$0.42$0.21$0.21
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.21$4.41$1.80$0.59$0.31$0.28
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$4.59$1.53$0.38$0.75$0.37
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.49$4.60$1.89$0.46$1.24$0.77
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.14$6.47$2.67$1.18$1.00$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.05$6.57$2.48$1.01$0.32$0.68
2016Detailed filing. Detailed filing data is available for this year.$8.10$6.30$1.80$0.60$0.61$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.75$4.94$1.81$0.41$0.36$0.05
2014Detailed filing. Detailed filing data is available for this year.$5.39$3.62$1.76$0.33$0.33$0.00
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$4.17$2.40$1.76$1.28$0.26$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$2.16$0.74$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.67$1.90$0.77$0.18
2010Summary only. Only limited summary data is available for this year.$2.52$1.70$0.82$0.20$0.24$0.04