2025-04-16T11:08:33-07:00 2024-12-31 990 2024-01-01 882605254 FRANKLIN COUNTY COMMUNITY LAND TRUST INC FRAN 9155258907 335 Green River Rd Greenfield MA 01301 Martin Omasta Treasurer 9155258907 2025-03-18 1 2024 2025-03-06 01:10:19Z Martin Omasta 152 N Hatfield Rd North Hatfield MA 01066 133349 0 X FCCLT.org X 2022 MA 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. 6 6 0 8 0 0 352 133349 0 0 0 0 0 0 352 133349 0 1100 0 0 0 0 0 0 0 498 52413 498 53513 -146 79836 352 80188 0 0 352 80188 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. 0 0 34261 2500 110080 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. 17212 20769 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. 2040 2500 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. 0 0 0 53513 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 1 0 1 1 1 1 1 0 1 1 0 1 1 1 0 1 0 0 0 MA X Martin Omasta 9155258907 335 Green River Rd Greenfield MA 01301 X Judith Atkins President 0.5 X 0 0 0 Martin Omasta Treasurer 4.00 X 0 0 0 David Cohen Clerk 0.5 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4640 110080 18629 0 133349 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 133349 0 0 0 X 0 0 1100 1100 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5969 5969 3650 3650 19306 19306 5631 5631 2550 2550 Bank Fees 5 5 0 0 Software & Website costs 2900 2900 0 Office Supplies 32 32 0 Real Estate due diligence 12370 12370 0 53513 53513 0 0 0 0 352 80188 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 352 80188 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 352 80188 352 80188 352 80188 79836 0 0 0 0 0 X 0 0 0 X 650 352 133749 134751 0 0 650 352 133749 134751 134751 134751 1 0 X 0 0 650 352 126249 127251 0 0 0 0 0 0 0 0 0 0 7500 7500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650 352 133749 134751 0 0 0 0 0 0 0 0 0 0 7500 7500 0 0 0 0 7500 7500 127251 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 650 352 133749 134751 X Schedule A, Part I, Line 7 Martin Omasta provided 7500 in money to cover earnest fees as part of an offer letter for lands in Montague and some FCCLT operations RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 Valley Alliance for Land Equity 335 Green River Rd Greenfield MA 01301 34261 VALE operations as described on Form 990 0 1 Schedule I, Part I, Line 2 By maintaining total control of the finances of both VALE and Resilient Greenfield - FCCLT is able to approve, through sociocratic decision making aligned with FCCLT bylaws, both the receipt and distribution of grant funds for the purposes budgeted. Form 990, Part VI, Section A, Line 4 During the 26 November 2024 Annual Board meeting, the 6 voting members voted unanimously to adopt the updated bylaws. Form 990, Part VI, Section A, Line 6 In the FCCLT Bylaws Article II MEMBERSHIP, two types of membership are established. 1) Lessee Members and 2) General Members. Both types of members are Regular Members if they have a lease with FCCLT or pay established annual dues. Separately people who choose to be Supporting Members are any person who has paid the annual dues established for the current calendar year but who does not wish to become a Regular Member or has not met all of the requirements of Regular Membership shall be designated a Supporting Member of the Corporation. Supporting Members shall have all of the rights of Regular Members except the right to nominate and participate in the election of the Board of Directors and the right to vote on matters put before the Regular Membership. Form 990, Part VI, Section A, Line 7a All Regular Members may cast one vote on all matters properly put before the Membership for consideration, to nominate and participate in the election of the Board of Directors as provided by these Bylaws, to serve on the Board of Directors or on committees if chosen, and to receive notices and minutes of Membership Meetings and Annual Reports of the Corporation. Form 990, Part VI, Section A, Line 7b The assent of the Regular Membership, in accordance with these Bylaws, shall be required before action may be taken on the assessment of membership dues, the sale of land, the establishment or alteration of the "resale formula," the amendment of the Certificate of Incorporation or these Bylaws, and the dissolution of the Corporation. Form 990, Part VI, Section B, Line 11b This is our first full 990 and the process is being developed. Currently the Treasurer coordinates the 990s initial development by comparing both accounting ledgers, articles of incorporation, bylaws and policies as prompted by questions. Use of the online platform "Form 990 Online" assists in this filing process. Form 990, Part VI, Section B, Line 12c Anytime a project is undertaken, especially one that requires funds, it is practice for a quorum of board members to discuss available options and understand they must disclose if there is any appearance of conflict of interest in suggestions made available to the board. Form 990, Part VI, Section C, Line 19 The Articles of Incorporation, FCCLT Corporate Bylaws and recent year financials are available linked to our google drive in the About Us - Who We Are section of the website: https://www.fcclt.org/who-we-are Form 990, Part IX, Line 11g Technical Assistance provided by Burlington Associates and Equity Trust