Evernorth Loan Fund Inc.

990 • Fiscal year 2015 • EIN 03-0315075

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 20, 2016

Organization Profile WWW.HVT.ORG

100 Bank Street Suite 400Burlington, VT 05401

(802) 863-8424

Siviq Scores

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

0.03x

Higher debt load relative to assets than 25% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

0.06x

Higher debt load relative to revenue than 24% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

22%

Higher net margin than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

$142,000

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

15%

Faster asset growth than 80% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

-8.4%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Balance Sheet

Liabilities / Assets25th percentile

Assets

$8,784,977

Up $1,131,353 (+15%) from 2014

Net Assets

$8,501,341

Up $1,079,177 (+15%) from 2014

Liabilities

$283,636

Up $52,176 (+23%) from 2014

Revenue And Expenses

Liabilities / Revenue24th percentile Net Margin80th percentile

Revenue

Down

$4,848,201

Down $446,374 (-8.4%) from 2014

Expenses

Down

$3,769,025

Down $1,162,870 (-24%) from 2014

Net Income

$1,079,176

Up $716,496 (+198%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

Highlighted filing

2015

Assets$8,784,977

Liabilities$283,636

Net Assets$8,501,341

Open 2015 Filing

Operations Trend

Revenue Growth23rd percentile

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

Highlighted filing

2015

Revenue$4,848,201

Expenses$3,769,025

Net Income$1,079,176

Open 2015 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2015 to Dec 31, 2015
Signed: Sep 20, 2016
Return Version: 2015v2.1
Gross Receipts: $4,852,426

Mission and Program Overview

Mission

The mission of housing vermont is to produce permanently affordable housing and enable investments in economic and community development to benefit vermonters through partnerships with communities and the private sector.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Other Notes and Loans Receivable, Net	$3,041,276	$3,088,714	▲ $47,438
Accounts Receivable	$1,516,737	$2,004,770	▲ $488,033
Cash and Non-Interest-Bearing Accounts	$249,687	$1,462,496	▲ $1,212,809
Investments Program Related	$338,333	$287,388	▼ $50,945
Land, Buildings, and Equipment, Net	$111,613	$156,621	▲ $45,008
Savings and Temporary Cash Investments	$302,712	$137,071	▼ $165,641
Prepaid Expenses and Deferred Charges	$53,200	$52,653	▼ $547
Total Assets	$7,653,624	$8,784,977	▲ $1,131,353
Other Assets Total	$2,040,066	$1,595,264	▼ $444,802
Liabilities
Accounts Payable and Accrued Expenses	$227,128	$224,653	▼ $2,475
Deferred Revenue	$4,332	$58,983	▲ $54,651
Total Liabilities	$231,460	$283,636	▲ $52,176
Net Assets / Fund Balance
Unrestricted Net Assets	$7,422,164	$8,501,341	▲ $1,079,177
Total Net Assets Fund Balance	$7,422,164	$8,501,341	▲ $1,079,177
Total Liabilities and Net Assets / Fund Balance	$7,653,624	$8,784,977	▲ $1,131,353

Asset Categories

Asset	Book Value	Depreciation	Basis
Equipment	$110,959	$93,401	$204,360
Leasehold Improvements	$45,662	$112,985	$158,647
Other Assets Org	$1,595,264	-	-

Compensation and Service Providers

Top Officer Pay60th percentile

Employees

Name	Title	Full / Part Time	Base	Total
Nancy Owens	President	FT	$142,000	$142,000
Janet Spitler	Treasurer	FT	$115,000	$115,000
Kenn Sassorossi	VP - Asset Management	FT	$98,500	$98,500
Kathy Beyer	VP - Development	FT	$91,800	$91,800
W Eric Schmitt	Vice President, Asset Management	FT	$91,478	$91,478

Board Members and Trustees

Name	Title
Marc Landry	Chair
John Vogel	Vice Chair
Amy Demetrowitz	Board Member
Betsy Bloomer	Board Member
Charlie Baker	Board Member
David Tucker	Board Member
Molly Lambert	Board Member
Steve Marsh	Board Member
Walt Greiner	Board Member
Chip Hart	Assistant Treasurer

Revenue and Support

Revenue Composition

Contributions and Grants: $67,280
Program Service Revenue: $4,644,818
Investment Income: $134,275
Other Revenue: $1,828
Change in Net Assets: $1,079,176

Audited Revenue Reconciliation

Revenue per Audited Statements: $4,848,201
Revenue Not Reported on Financial Statements: $0
Revenue Not Reported on Form 990: $-329,320
Total Revenue per Audited Statements: $4,518,881
Total Revenue per Form 990: $4,848,201

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$2,307,570
Other Expenses	$1,461,455
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Other Salaries and Wages	$1,074,538	$204,674	-	$1,279,212
Current Officers, Directors, Trustees, and Key Employees	$308,605	$138,695	-	$447,300
Other Employee Benefits	$299,223	$56,995	-	$356,218
All Other Expenses	$178,909	$34,080	-	$212,989
Occupancy	$111,764	$21,288	-	$133,052
Payroll Taxes	$107,121	$20,404	-	$127,525
Fees for Services Management	$98,395	$18,742	-	$117,137
Pension Plan Contributions	$81,745	$15,570	-	$97,315
Depreciation Depletion	$81,310	$15,488	-	$96,798
Information Technology	$43,893	$8,361	-	$52,254
Interest	$42,416	$8,079	-	$50,495
Travel	$37,876	$7,214	-	$45,090
Office Expenses	$37,014	$7,050	-	$44,064
Fees for Services Accounting	$32,673	$6,224	-	$38,897
Conferences and Meetings	$31,850	$6,067	-	$37,917
Other Expenses	$32,969	$6,092	-	$32,969
Fees for Services Legal	$22,281	$4,244	-	$26,525
Advertising	$12,743	$2,427	-	$15,170
Total Functional Expenses	$3,187,331	$581,694	$0	$3,769,025

Audited Expense Reconciliation

Line Item	Amount
Expenses per Audited Statements	$3,769,025
Total Expenses per Form 990	$3,769,025
Total Expenses per Audited Statements	$3,439,705
Expenses Not Reported on Financial Statements	$0
Expenses Not Reported on Form 990	$-329,320

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: Yes
Subject to proxy tax: No

Related Organizations and Partnerships

Related Tax-Exempt Organizations

Organization	Location	Activity	Code	Public Charity	Controlled
Hv Nonprofit	Burlington, VT	Promote Affordable Housing	501(c)(3)	Line 11a, I	No

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
1 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
10 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
11 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
1306 Spring St Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	Yes
2 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
3 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
4 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
5 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
6 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
65 State Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
7 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
8 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
9 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Addison Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	5%	Yes
Alburgh Family Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Algiers Family Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Anderson I Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Anderson Ii Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Applegate Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Archibald St Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Arlington Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Arthurs Main Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Arthurs Main Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Avenue Apartments Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Aw Richards Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Baileybaldwinbarre Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Baldwin Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Bellows Falls Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Bemis Block Hsg Ltd Pship	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Black River Hsg Ltd Pship	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Blake Commons Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Bobbin Mill Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Branchwood Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Brhip Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	5%	Yes
Briars Housing Limited Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Brookside Apartments Lp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Bus Barns Allocated Hlp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Bus Barns Bond Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Butler House Limited Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Callahan Hsg Ltdpshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Canal Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Cedars Edge Apartments Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Cherry Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Cht Home Office LLC	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
City Neighborhood Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Community Capital Housing Vermont Fund 1 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Community Capital Housing Vermont Fund 2 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Creekview Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Crystal Lake Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Dewitt Drive Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Dorset Community Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Eastern Township Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Echo Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Ellis Block Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Exner Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Falls Housing Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Franklin Carriage House Lp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Grand Isle Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Green Mountain Housing Equity Fund Vi Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Green Mtn Hsg Equity Fund 2003 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Green Mtn Hsg Equity Fund Ii Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Green Mtn Hsg Equity Fund Iii Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Green Mtn Hsg Equity Fund Iv Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Green Mtn Hsg Equity Fund V Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
Green Mtn Seminary Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Groton Commercial Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Groton Hsg Ltd Partnership	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Hardwick Hsg Pshp	Burlington, VT	Promote Affordable Housing	-	-	50%	Yes
Harrington Village Lp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Hedding Drive Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Hickory Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.90%	Yes
Highgate Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Highland Hill Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Holy Cross Snr Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Housing Pv I LLC	Burlington, VT	Promote Affordable Housing	-	-	50%	Yes
Howard Block Commercial Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Howard Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Jeffersonville Allocd Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Jeffersonville Bond Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Johnson Community Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
King Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Ladd Hall Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Lakeview Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Lamoille View Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Lime Kiln Allocated Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Lime Kiln Bond Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Linden Terrace Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Maple Street Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Maple Tree Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Mcauley Sq Allocated Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Mcauley Square Bond Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Middlebury South Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Mill Brook Allocated Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.90%	Yes
Mill Brook Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Mill View Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Missisquoi Manor Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Morrisville Community Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Morrisville Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Mountainview St Jay Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Newport Family Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
North Bennington Arts Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
North Branch Apts Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
North Pleasant Housing 2 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
O'DELL ALLOCATED HLP	Burlington, VT	Promote Affordable Housing	-	-	0.01%	Yes
O'DELL BOND HSG LTD PSHP	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
One Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	50%	Yes
Overlook Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Park Place Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Passumpsic Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Peacham Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Pearl-union Sro Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Pine Manor Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Pine Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Pleasant Street Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Portland & Main Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Proctorsville Green Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Queensbury Rd Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Rail City Family Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Richford Community Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Richmond Village Hsg	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
River Station Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Roaring Branch Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	1%	Yes
Rose Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	5%	Yes
Round Barn Hsg Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Ruggles House Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Rutland Community Housing 1 Lp	Burlington, VT	Promote Affordable Housing	-	-	50%	Yes
Rutland Rehab Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Safford Commons Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Salmon Run Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Saxtons River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Shelburne Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Smallest City Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Smith Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Southview Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	Yes
Stimson and Graves Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Stone Hill Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	Yes
Swanton School Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Sylvan Woods Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Tuttle Block Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Upper Story Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Vergennes Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Vermont Investor Fund Iii LLC	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Waits River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Wall Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Waterfront Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Waugh Opera House Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Wells River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
West River Valley Assisted Lp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
West River Valley Supportive Lp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Westgate Allocated Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Westgate Bond Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	Yes
Wharf Lane Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.45%	Yes
Wheeler Brook Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Whitcomb Terrace Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Whitcomb Wood Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Wilder Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	Yes
Willard Mill Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	Yes
Winchester Associates	Burlington, VT	Promote Affordable Housing	-	-	0.10%	Yes

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: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“See explanation for line 7a”

Form 990, Part VI, Section A, Line 7A

“A person or legal entity may be a member of housing vermont upon payment of the annual membership fee. Members have certain voting rights. Membership fees are used to further the mission of housing vermont.”

Form 990, Part VI, Section A, Line 8B

“No such other committees.”

Form 990, Part VI, Section B, Line 11

“Senior management will review and present to the executive committee of the board of directiors who will approve.”

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

“Management collects and reviews conflict of interest disclosures.”

Form 990, Part VI, Section B, Line 15

“Compensation is reviewed and approved by the appropriate senior staff and board of directors.”

Form 990, Part VI, Section C, Line 19

“Available in hard copy at the housing vermont office.”

Filing and Contact Details

Filer

Filer Name: Housing Vermont
EIN: 03-0315075
Phone: 8028638424
Address: 100 BANK STREET SUITE 400, BURLINGTON, VT 05401

Signing Officer

Name: Janet Spitler
Title: Chief Financial Officer
Phone: 8028638424
Signed: 2016-09-20
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Janet Spitler
Formed: 1988
Legal Domicile: Vt
Voting Board Members: 11
Independent Board Members: 11
Employees: 24
Volunteers: 0

Preparer

Firm: Mcsoley Mccoy & Co
Address: 118 TILLEY DRIVE STE 202, SOUTH BURLINGTON, VT 05403
Preparer: Connie Fellion
Phone: 8026581808

Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The organization qualifies as a tax-exempt organization under section 501(c)(3) of the internal revenue code and is exempt from income taxes under section 501(a) of the internal revenue code. In addition, they have been classified as an organization that is not a private foundation under section 509(a)(1) of the internal revenue code. Contributions to the organization qualify for the charitable contribution deduction under internal revenue code section 170(b)(1)(a). Fasb asc 740, income taxes, requires entities to disclose in their financial statements the nature of any uncertainty in their tax positions. For tax exempt entities, tax-exempt status itself is deemed to be an uncertainty, as events could potentially occur to jeopardize their tax-exempt status. Management believes the organization has no uncertain tax positions. The organization anticipates that it will not have a change in uncertain tax positions during the next twelve months that would have a material impact on their consolidated financial statements. If necessary, the organization would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes. Management believes the organization is no longer subject to income tax examinations for years prior to 2012.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Impairment loss on investments -262,090. Amortization of investments -67,230.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Impairment loss on investments -262,090. Amorization of investments -67,230.”

Raw XML AppendixShowing 400 of 3,231 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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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	120300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	1139794
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt	0	424731
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	1788065
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	138500
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	135393
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	129677
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	161290
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	73042
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	637902
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	2940708
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	2695844
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	2411795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	2623795
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	2699564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	13371706
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	138500
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	135393
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	129677
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	161290
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	73042
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	637902
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.04040
IRS990ScheduleA/InvestmentIncomePYPct	0	0.03850
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt	0	1828
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt	0	71
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	1676
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	2996
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	2062
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	8633
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.59710
IRS990ScheduleA/PublicSupportPY509Pct	0	0.61640
IRS990ScheduleA/PublicSupportTotal509Amt	0	9437682
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt	0	1739663
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt	0	1063484
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt	0	953709
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt	0	929848
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt	0	1035385
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	5722089
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt	0	1739663
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt	0	1063484

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $8,784,977
Liabilities: $283,636
Net assets: $8,501,341
Revenue: $4,848,201
Expenses: $3,769,025
Net income: $1,079,176

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$28.1	$4.44	$23.7	$9.69	$0.72	$8.98
2023Detailed filing. Detailed filing data is available for this year.	$17.2	$2.48	$14.7	$1.19	$0.58	$0.61
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.	$17.0	$2.87	$14.1	$1.51	$0.74	$0.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$15.3	$2.50	$12.8	$1.94	$1.01	$0.93
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$14.8	$2.91	$11.9	$4.29	$4.96	$0.67
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$13.2	$0.58	$12.6	$6.60	$5.93	$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$12.5	$0.56	$11.9	$5.35	$4.74	$0.61
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.9	$0.55	$11.3	$5.23	$4.78	$0.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$11.2	$0.34	$10.9	$7.27	$4.92	$2.35
2015Detailed filing. Detailed filing data is available for this year.	$8.78	$0.28	$8.50	$4.85	$3.77	$1.08
2014Detailed filing. Detailed filing data is available for this year.	$7.65	$0.23	$7.42	$5.29	$4.93	$0.36
2013Detailed filing. Detailed filing data is available for this year.	$8.55	$1.50	$7.06	$4.10	$3.59	$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$8.98	$2.43	$6.55		$5.48
2011Summary only. Only limited summary data is available for this year.	$9.53	$3.38	$6.14	$4.03	$3.66	$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$8.82	$3.05	$5.77		$4.63