Civic Intelligence

Gilman Housing Trust Inc DBA Rural Edge

990 • Fiscal year 2017 • EIN 03-0301520

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWWW.RURALEDGE.ORG

View Organization Page

48 Elm Street PO Box 259Lyndonville, VT 05851

(802) 334-1541

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.36x

Higher debt load relative to assets than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

87th percentile

1.92x

Higher debt load relative to revenue than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

22nd percentile

$97,501

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

1st percentile

-54%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

4th percentile

-53%

Faster revenue growth than 4% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$12,811,895

Down $15,177,439 (-54%) from 2016

Net Assets

Down

$8,171,666

Down $389,607 (-4.6%) from 2016

Liabilities

Down

$4,640,229

Down $14,787,832 (-76%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin11th percentile

Revenue

Down

$2,418,817

Down $2,704,935 (-53%) from 2016

Expenses

Down

$2,881,346

Down $2,706,261 (-48%) from 2016

Net Income

Up

-$462,529

Up $1,326 (+0.3%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$30M$20M$10M$0Assets 2010: $14,271,656Liabilities 2010: $7,159,276Net Assets 2010: $7,112,3802010Assets 2011: $14,076,648Liabilities 2011: $7,172,029Net Assets 2011: $6,904,6192011Assets 2012: $23,153,964Liabilities 2012: $15,243,674Net Assets 2012: $7,910,2902012Assets 2013: $22,406,418Liabilities 2013: $12,912,893Net Assets 2013: $9,493,5252013Assets 2014: $25,384,354Liabilities 2014: $16,171,238Net Assets 2014: $9,213,1162014Assets 2015: $26,777,321Liabilities 2015: $17,752,325Net Assets 2015: $9,024,9962015Assets 2016: $27,989,334Liabilities 2016: $19,428,061Net Assets 2016: $8,561,2732016Assets 2017: $12,811,895Liabilities 2017: $4,640,229Net Assets 2017: $8,171,6662017Assets 2018: $13,385,044Liabilities 2018: $4,988,694Net Assets 2018: $8,396,3502018Assets 2019: $13,666,948Liabilities 2019: $5,262,232Net Assets 2019: $8,404,7162019Assets 2020: $19,327,482Liabilities 2020: $11,390,370Net Assets 2020: $7,937,1122020Assets 2021: $22,742,155Liabilities 2021: $12,548,099Net Assets 2021: $10,194,0562021Assets 2022: $23,402,374Liabilities 2022: $11,909,228Net Assets 2022: $11,493,1462022Assets 2023: $26,142,035Liabilities 2023: $13,187,104Net Assets 2023: $12,954,9312023Assets 2024: $29,326,908Liabilities 2024: $16,172,300Net Assets 2024: $13,154,6082024

Highlighted filing

2017

Assets$12,811,895
Liabilities$4,640,229
Net Assets$8,171,666
Open 2017 Filing

Operations Trend

Revenue Growth4th percentile

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

$10M$5.0M$0-$5.0MExpenses 2010: $2,796,1512010Expenses 2011: $2,884,3892011Expenses 2012: $4,324,1352012Revenue 2013: $5,069,016Expenses 2013: $5,171,086Net Income 2013: -$102,0702013Revenue 2014: $5,350,600Expenses 2014: $5,535,711Net Income 2014: -$185,1112014Revenue 2015: $4,702,059Expenses 2015: $5,358,250Net Income 2015: -$656,1912015Revenue 2016: $5,123,752Expenses 2016: $5,587,607Net Income 2016: -$463,8552016Revenue 2017: $2,418,817Expenses 2017: $2,881,346Net Income 2017: -$462,5292017Revenue 2018: $3,628,300Expenses 2018: $3,546,550Net Income 2018: $81,7502018Revenue 2019: $3,256,133Expenses 2019: $3,247,767Net Income 2019: $8,3662019Revenue 2020: $8,136,395Expenses 2020: $6,309,644Net Income 2020: $1,826,7512020Revenue 2021: $7,737,741Expenses 2021: $5,480,797Net Income 2021: $2,256,9442021Revenue 2022: $8,401,434Expenses 2022: $7,102,344Net Income 2022: $1,299,0902022Revenue 2023: $9,587,177Expenses 2023: $8,125,392Net Income 2023: $1,461,7852023Revenue 2024: $9,019,206Expenses 2024: $9,163,529Net Income 2024: -$144,3232024

Highlighted filing

2017

Revenue$2,418,817
Expenses$2,881,346
Net Income-$462,529
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$2,418,817
Mission and Program Overview

Mission

To develop, own and manage affordable residential housing units and related facilities for qualified low-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$4,457,436$4,385,106▼ $72,330
Investments Other Securities$1,291,545$1,377,967▲ $86,422
Cash and Non-Interest-Bearing Accounts-$1,298,376-
Land, Buildings, and Equipment, Net$13,735,233$1,214,659▼ $12,520,574
Savings and Temporary Cash Investments$2,764,653$319,674▼ $2,444,979
Accounts Receivable$363,621$139,913▼ $223,708
Prepaid Expenses and Deferred Charges$130,382$3,939▼ $126,443
Total Assets$27,989,334$12,811,895▼ $15,177,439
Other Assets Total$5,246,464$4,072,261▼ $1,174,203
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,924,017$3,283,436▼ $13,640,581
Other Liabilities$2,042,642$1,111,906▼ $930,736
Accounts Payable and Accrued Expenses$461,402$244,887▼ $216,515
Total Liabilities$19,428,061$4,640,229▼ $14,787,832
Net Assets / Fund Balance
Unrestricted Net Assets$5,080,591$4,608,316▼ $472,275
Permanently Rstr Net Assets$2,925,682$3,008,350▲ $82,668
Temporarily Rstr Net Assets$555,000$555,000→ $0
Total Net Assets Fund Balance$8,561,273$8,171,666▼ $389,607
Total Liabilities and Net Assets / Fund Balance$27,989,334$12,811,895▼ $15,177,439

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$617,746$127,544$745,290
Other Land Buildings$467,977$221,946$689,923
Land$108,312-$108,312
Equipment$20,624$72,671$93,295
Other Assets Org$17,137--
Other Securities$137,955--
Compensation and Service Providers
Top Officer Pay22nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Trisha IngallsOutgoing Chief Executive OfficerFT$97,501$97,501

Board Members and Trustees

NameTitle
Louise BonvechioPresident
Seleem ChoudhuryVice-president
Reverend Jeffrey PotterDirector
Scott CampbellDirector
Victoria StrongDirector
Patrick FloodInterim Chief Executive Officer
Patricia SearsSecretary
TIM O'NEILLTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,106,556
Program Service Revenue
$1,180,198
Investment Income
$60,757
Other Revenue
$71,306
All Other Contributions
$936,556
Change in Net Assets
$-462,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,418,817
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,320,080
Total Revenue per Audited Statements
$6,738,897
Total Revenue per Form 990
$2,418,817
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,640,133
Salaries, Compensation, and Employee Benefits$1,241,213
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$964,693--$964,693
Other Expenses$229,279--$229,279
Other Employee Benefits$156,492--$156,492
Fees for Services Other$133,434--$133,434
Payroll Taxes$105,564--$105,564
Office Expenses$62,558--$62,558
Interest$59,684--$59,684
Information Technology$54,578--$54,578
Depreciation Depletion$38,335--$38,335
Fees for Services Accounting-$37,900-$37,900
Travel$29,463--$29,463
Occupancy$24,895--$24,895
Insurance$16,246--$16,246
Fees for Services Management$14,653--$14,653
Pension Plan Contributions$14,464--$14,464
Fees for Services Legal$9,491--$9,491
Conferences and Meetings$2,550--$2,550
Advertising$749--$749
Total Functional Expenses$2,843,446$37,900$0$2,881,346

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,689,912
Expenses Not Reported on Form 990$5,808,566
Expenses per Audited Statements$2,881,346
Total Expenses per Form 990$2,881,346
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
Line of Credit$858,544
Deferred Income$138,000
Deferred Development Fee$104,233
Tenant Security Deposits$11,129
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 B, Line 11B

“The form 990 was reviewed by the ceo prior to submission.”

Form 990, Part VI, Section B, Line 12C

“All transaction are reviewed to comply with the organization conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The organization reviews compensation data of comparable organizations in the area.”

Form 990, Part VI, Section C, Line 19

“All organizing and operating documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Gilman Housing Trust Inc
EIN
03-0301520
Phone
8023341541
Address
48 ELM STREET PO BOX 259, LYNDONVILLE, VT 05851

Signing Officer

Name
Diana Cazaudumec
Title
Finance Director
Phone
8023341541
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Patrick Flood
Formed
1992
Legal Domicile
Vt
Voting Board Members
7
Independent Board Members
7
Employees
28
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Thomas Lanning
Phone
2122970400
Supplemental Narrative

Additional Explanations

Form 990 XII Line 2C

“The organization has a committee responsible for the oversight of the audit as well as the selection of the independent accountant.”

Financial Statement Notes

PART X, LINE 2:

“Gilman housing trust, inc. D/b/a ruraledge, groton village housing, inc., memphremagog senior housing, inc., passumpsic view, inc. And gilman housing corporation are exempt from income taxes under section 501(c)(3) of the internal revenue code, as amended, except for income taxes on "unrelated business income", if any. For the years ended december 31, 2017 and 2016, these entities did not have any "unrelated business income" subject to income taxes; accordingly, no provision for income taxes for these entities have been included in the consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Related organization revenues 6,622,087. Intercompany eliminations -2,302,007.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Related organization expenses 7,822,888. Intercompany eliminations -2,014,322.”

Raw XML AppendixShowing 400 of 863 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/MortgNotesPyblScrdInvstPropGrp/EOYAmt03283436
IRS990/NetAssetsOrFundBalancesBOYAmt08561273
IRS990/NetAssetsOrFundBalancesEOYAmt08171666
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01157
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt024895
IRS990/OccupancyGrp/TotalAmt024895
IRS990/OfficeExpensesGrp/ProgramServicesAmt062558
IRS990/OfficeExpensesGrp/TotalAmt062558
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05246464
IRS990/OtherAssetsTotalGrp/EOYAmt04072261
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0156492
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0156492
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1OPERATING AND MAINTENAN
IRS990/OtherExpensesGrp/ProgramServicesAmt0926318
IRS990/OtherExpensesGrp/ProgramServicesAmt1229279
IRS990/OtherExpensesGrp/TotalAmt0926318
IRS990/OtherExpensesGrp/TotalAmt1229279
IRS990/OtherLiabilitiesGrp/BOYAmt02042642
IRS990/OtherLiabilitiesGrp/EOYAmt01111906
IRS990/OtherRevenueMiscGrp/BusinessCd0900001
IRS990/OtherRevenueMiscGrp/BusinessCd1900001
IRS990/OtherRevenueMiscGrp/Desc0TAX CREDIT INCOME
IRS990/OtherRevenueMiscGrp/Desc1FORGIVENESS OF DEBT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt046000
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt125306
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt125306
IRS990/OtherRevenueTotalAmt071306
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0964693
IRS990/OtherSalariesAndWagesGrp/TotalAmt0964693
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04457436
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04385106
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0105564
IRS990/PayrollTaxesGrp/TotalAmt0105564
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt014464
IRS990/PensionPlanContributionsGrp/TotalAmt014464
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02925682
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03008350
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0130382
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03939
IRS990/PrincipalOfficerNm0PATRICK FLOOD
IRS990/PriorPeriodAdjustmentsAmt072922
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0SUPPORT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER MANAGMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3PROPERTY MANAGEMENT
IRS990/ProgramServiceRevenueGrp/Desc4RENTAL INOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0505400
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1471786
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2133471
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt366611
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42930
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0505400
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1471786
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2133471
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt366611
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt42930
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01306531
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051187
IRS990/PYOtherExpensesAmt04332745
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03766034
IRS990/PYRevenuesLessExpensesAmt0-463855
IRS990/PYSalariesCompEmpBnftPaidAmt01254862
IRS990/PYTotalExpensesAmt05587607
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05123752
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-462529
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01251504
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02764653
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0319674
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0TAX CREDIT INCOME - 2017 AMOUNT: $ 46,000. FORGIVENESS OF DEBT - 2017 AMOUNT: $ 25,306.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01106556
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01306531
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01211588
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01503827
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02001841
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07130343
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt051187
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt031739
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt077151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt073946
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0294780
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt015167816
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt071306
IRS990ScheduleA/OtherIncome170Grp/TotalAmt071306
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95120
IRS990ScheduleA/PublicSupportPY170Pct00.97420
IRS990ScheduleA/PublicSupportTotal170Amt07130343
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01106556
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01306531
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01211588
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01503827
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02001841
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07130343
IRS990ScheduleA/TotalSupportAmt07496429
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0617746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0127544
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0745290
IRS990ScheduleD/EquipmentGrp/BookValueAmt020624
IRS990ScheduleD/EquipmentGrp/DepreciationAmt072671
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt093295
IRS990ScheduleD/ExpensesNotReportedAmt05808566
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02881346
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0108312
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0108312
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03290656
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1454169
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2310299
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt317137
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEVELOPMENT FEE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherExpensesIncludedAmt05808566
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0467977
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0221946
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0689923
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0858544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1138000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2104233
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt311129
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INCOME
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED DEVELOPMENT FEE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt04320080
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01240012
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1137955
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN PARTNERSHIPS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS IN CORPORATIONS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/RevenueNotReportedAmt04320080
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02418817
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GILMAN HOUSING TRUST, INC. D/B/A RURALEDGE, GROTON VILLAGE HOUSING, INC., MEMPHREMAGOG SENIOR HOUSING, INC., PASSUMPSIC VIEW, INC. AND GILMAN HOUSING CORPORATION ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, EXCEPT FOR INCOME TAXES ON "UNRELATED BUSINESS INCOME", IF ANY. FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016, THESE ENTITIES DID NOT HAVE ANY "UNRELATED BUSINESS INCOME" SUBJECT TO INCOME TAXES; ACCORDINGLY, NO PROVISION FOR INCOME TAXES FOR THESE ENTITIES HAVE BEEN INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RELATED ORGANIZATION REVENUES 6,622,087. INTERCOMPANY ELIMINATIONS -2,302,007.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RELATED ORGANIZATION EXPENSES 7,822,888. INTERCOMPANY ELIMINATIONS -2,014,322.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01214659
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04072261
IRS990ScheduleD/TotalBookValueSecuritiesAmt01377967
IRS990ScheduleD/TotalExpensesPerForm990Amt02881346
IRS990ScheduleD/TotalLiabilityAmt01111906
IRS990ScheduleD/TotalRevenuePerForm990Amt02418817
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06738897
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08689912
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 WAS REVIEWED BY THE CEO PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL TRANSACTION ARE REVIEWED TO COMPLY WITH THE ORGANIZATION CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION REVIEWS COMPENSATION DATA OF COMPARABLE ORGANIZATIONS IN THE AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL ORGANIZING AND OPERATING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,811,895
Liabilities
$4,640,229
Net assets
$8,171,666
Revenue
$2,418,817
Expenses
$2,881,346
Net income
-$462,529
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.3$16.2$13.2$9.02$9.16$0.14
2023Detailed filing. Detailed filing data is available for this year.$26.1$13.2$13.0$9.59$8.13$1.46
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.4$11.9$11.5$8.40$7.10$1.30
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$12.5$10.2$7.74$5.48$2.26
2020Detailed filing. Detailed filing data is available for this year.$19.3$11.4$7.94$8.14$6.31$1.83
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$5.26$8.40$3.26$3.25$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$4.99$8.40$3.63$3.55$0.08
2017Detailed filing. Detailed filing data is available for this year.$12.8$4.64$8.17$2.42$2.88$0.46
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.0$19.4$8.56$5.12$5.59$0.46
2015Detailed filing. Detailed filing data is available for this year.$26.8$17.8$9.02$4.70$5.36$0.66
2014Detailed filing. Detailed filing data is available for this year.$25.4$16.2$9.21$5.35$5.54$0.19
2013Detailed filing. Detailed filing data is available for this year.$22.4$12.9$9.49$5.07$5.17$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.2$15.2$7.91$4.32
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$7.17$6.90$2.88
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$7.16$7.11$2.80