Overview
What is Equity Trust Inc?
Equity Trust Inc is a compassionate nonprofit organization situated in Amherst, Massachusetts. Their primary focus is to empower socially conscious lenders and donors by supporting initiatives that preserve affordable farms, develop affordable housing, and implement environmentally sustainable projects. The organization, which employs only two individuals, aims to foster economic and social justice by ensuring equitable access to land and capital. Their mission encompasses promoting and providing access to land, housing, capital, and employment opportunities for disadvantaged and low-income individuals. Moreover, they are committed to conserving land and natural resources, with a portfolio of 31 projects representing various facets of their mission as of the year-end. In 2022, Equity Trust Inc added two new projects to their portfolio, reflecting their ongoing commitment to their mission.
Official website here: www.equitytrust.org
Is Equity Trust Inc legitimate?
Equity Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Equity Trust Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $57,897
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,318
For more financial information, click here
Official website here: www.equitytrust.org
What is the mission statement of Equity Trust Inc?
Equity Trust Inc's mission is centered around promoting economic and social justice. They strive to achieve this by facilitating equitable access to land, housing, capital, and employment opportunities for disadvantaged and low-income individuals. Additionally, Equity Trust Inc supports the conservation of land and natural resources, and undertakes related charitable and educational initiatives. The Equity Trust Fund serves as a platform for socially conscious lenders and donors, enabling them to support various projects, including the preservation of affordable working farms, the development of affordable housing, and other socially beneficial and environmentally sustainable initiatives. In 2022, the fund added two new projects to its portfolio, which as of year-end, included thirty-one projects that represented the full spectrum of Equity Trust Inc's mission.
Official website here: www.equitytrust.org
Who is the CEO of Equity Trust Inc?
James Oldham is the Director of Equity Trust Inc.
Official website here: www.equitytrust.org
What is the revenue of Equity Trust Inc?
Equity Trust Inc's revenue in 2022 was $420,144.
Official website here: www.equitytrust.org
Who are the executives of Equity Trust Inc and what are their salaries?
The average compensation at Equity Trust Inc during 2022 was $52,108. There are 2 employees and 10 volunteers at Equity Trust Inc.
Here are 7 key members and their salaries:
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- Compensation: $57,897
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- Other: $0
Official website here: www.equitytrust.org
Where can I find the form 990 for Equity Trust Inc?
Equity Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.equitytrust.org
Learn more at the official website: www.equitytrust.org
Mission Statement of Equity Trust Inc
Equity Trust Inc, a nonprofit organization, strives to foster economic and social justice by ensuring equitable access to land and capital. Its mission encompasses promoting and facilitating the acquisition of land, housing, and employment opportunities for disadvantaged and low-income individuals. Moreover, Equity Trust Inc is dedicated to the conservation of land and natural resources, aligning with charitable and educational purposes. The organization serves as a bridge between socially conscious lenders and donors, enabling them to support projects that preserve affordable working farms, develop affordable housing, and implement other socially beneficial and environmentally sustainable initiatives. In 2022, the fund added two new projects to its portfolio, which now comprises thirty-one projects that reflect Equity Trust Inc's comprehensive mission.
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Impact
October, 2024
Equity Trust Inc plays a vital role in promoting economic and social justice by ensuring equitable access to land and capital. Through its specialized funds, such as the Equity Trust Fund, the organization enables socially conscious lenders and donors to invest in projects that preserve affordable working farms, develop affordable housing, and support various socially beneficial and environmentally sustainable initiatives.
As of the end of 2022, Equity Trust Inc's portfolio included 31 projects that align with its mission, reflecting a broad spectrum of community needs. By empowering disadvantaged and low-income individuals with access to land, housing, capital, and employment opportunities, Equity Trust Inc directly contributes to the conservation of land and natural resources while addressing systemic inequities. Its efforts not only support immediate community needs but also lay the groundwork for long-term sustainability and resilience in the areas it serves, fostering a more just and equitable society.
This information is meant to be a general summary of Equity Trust Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,700
- Program Service Revenue: $98,413
- Gross Receipts: $420,144
Assets and Liabilities:
- Total Assets: $6,434,499
- Total Liabilities: $4,422,829
- Net Assets: $2,011,670
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$85,915
TECHNICAL ASSISTANCE
Revenue
$8,490
PROPERTY REVENUE
Revenue
$4,008
Organization Details
Founding Year
1991
Phone
(413) 256-6161Principal Officer
James Oldham
Main Address
PO BOX 746, AMHERST, MA, 01004
Website
www.equitytrust.orgNTEE Category
Code: A20Z - Arts
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