Franklin County Community Develop- Ment And Land Trust Corporation
- Assets
- $506.1k
- Revenue
- $6.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Eastpoint, FL
- Founding
- 01/2007
- Data as of
- 12/2023
- EIN
- 20-4329498
Organization Overview
Franklin County Community Develop- Ment And Land Trust Corporation is located in Eastpoint, FL. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Franklin County Community Develop- Ment And Land Trust Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Franklin County Community Develop- Ment And Land Trust Corporation generated $6.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (45.6%) each year. All expenses for the organization totaled $1.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (55.1%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN COMMUNITY DEVELOPMENT ACTIVITIES (WHICH MAY INCLUDE HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES) THAT ARE INTENDED TO LEAD TO AN IMPROVEMENT OF THE PHYSICAL, ECONOMIC OR SOCIAL ENVIRONMENT OF FRANKLIN COUNTY, FLORIDA BY ADDRESSING ONE OR MORE OF THE CRITICAL PROBLEMS OF THE AREA WITH ATTENTION TO THE NEEDS OF PERSONS WITH VERY LOW, LOW, AND MODERATE INCOME. THESE ACTIVITIES SHALL BE UNDERTAKEN PRIMARILY, BUT NOT EXCLUSIVELY, IN THE CORPORATION'S GEOGRAPHIC AREA OF OPERATION. TO LESSEN THE BURDENS OF GOVERNMENT, LESSEN NEIGHBORHOOD TENSIONS, ELIMINATE PREJUDICE, ELIMINATE DISCRIMINATION, AND COMBAT COMMUNITY DETERIORATION. TO AID, SUPPORT, AND ASSIST BY GIFTS, CONTRIBUTIONS, OR OTHERWISE, OTHER CORPORATIONS, COMMUNITY CHESTS, FUNDS AND FOUNDATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL OR SCIENTIFIC PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INURES TO THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND NO SUBSTANTIAL PART OF THE ACTIVITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT ACTIVITIES INCLUDING HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES TO ADDRESS THE NEEDS OF VERY LOW, LOW AND MODERATE INCOME MEMBERS OF THE COMMUNITY
PROVIDE SAFE, DECENT, SECURE AND AFFORDABLE HOUSING TO LOW,LOW AND MODERATE INCOME MEMBERS OF THE COMMUNITY.
ASSIST OTHER COMMUNITY ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lois Swoboda Deceased Director Unt | Trustee | 0.25 | $0 |
Cliff Butler Treasurer | OfficerTrustee | 12 | $0 |
Denise Butler Secretary | OfficerTrustee | 1 | $0 |
Dan Hartman Chairman | OfficerTrustee | 0.75 | $0 |
Shannon Lease Director | Trustee | 0.5 | $0 |
Valentina Webb Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $345 |
| Noncash contributions included in lines 1a–1f | $345 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345 |
| Total Program Service Revenue | $5,135 |
| Investment income | $738 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $61 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $630 |
| All other expenses | $0 |
| Total functional expenses | $1,386 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,240 |
| Savings and temporary cash investments | $71,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $157,328 |
| Inventories for sale or use | $272,094 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $506,084 |
| Accounts payable and accrued expenses | $25 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $14,471 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $14,496 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $491,588 |
| Total liabilities and net assets/fund balances | $506,084 |