Champlain Housing Trust (Formerly Burlington Community Land Trust)

“The organization has members including the board of directors.”

“The board of directors are elected by its members.”

“The board of directors vote to approve governing decisions. A vote of the membership is required for any action that would result in the sale of land or change in by-laws.”

“The form 990 is reviewed by the finance committee and submitted to the board of directors prior to submission.”

“Per the organization's conflict of interest policy, officers, directors, and key employees are required to sign a statement annually that affirms that the person has received a copy of the policy, has read and understood it, and agrees to comply with the policy. Each new board or committee member is provided a copy of the policy prior to election and must agree to abide by its terms. Documentation is maintained by staff and the board secretary.”

“Compensation for all positions are established based on an analysis of compensation in comparable organizations in the area annually.”

“The organization has published its governing bylaws and tax return on its website. Its conflict of interest policy and minutes of board meetings are available to the public upon request.”

“Bad debts: program service expenses 325,734. Management and general expenses 0. Fundraising expenses 0. Total expenses 325,734. Grant expenses: program service expenses 244,681. Management and general expenses 0. Fundraising expenses 0. Total expenses 244,681. Development: program service expenses 167,022. Management and general expenses 0. Fundraising expenses 0. Total expenses 167,022. Supplies: program service expenses 113,487. Management and general expenses 48,524. Fundraising expenses 0. Total expenses 162,011. Telephone: program service expenses 87,016. Management and general expenses 74,798. Fundraising expenses 0. Total expenses 161,814. Dues & subscriptions: program service expenses 85,245. Management and general expenses 19,710. Fundraising expenses 0. Total expenses 104,955. Amortization: program service expenses 89,849. Management and general expenses 14,563. Fundraising expenses 0. Total expenses 104,412. Parking: program service expenses 0. Management and general expenses 61,290. Fundraising expenses 0. Total expenses 61,290. Postage: program service expenses 1,407. Management and general expenses 33,751. Fundraising expenses 0. Total expenses 35,158. Loan forgiveness: program service expenses 30,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,000. Annual meeting: program service expenses 0. Management and general expenses 28,271. Fundraising expenses 0. Total expenses 28,271. Financial development: program service expenses 0. Management and general expenses 0. Fundraising expenses 26,339. Total expenses 26,339. Stewardship expense: program service expenses 19,105. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,105. Investment admin fee: program service expenses 0. Management and general expenses 0. Fundraising expenses 9,604. Total expenses 9,604. Americorps expense: program service expenses 9,356. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,356. Annual report: program service expenses 5,644. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,644. Membership campaign: program service expenses 0. Management and general expenses 0. Fundraising expenses 5,360. Total expenses 5,360. Donations: program service expenses 0. Management and general expenses 500. Fundraising expenses 0. Total expenses 500. Administrative cost allocation: program service expenses 2,836,850. Management and general expenses -2,898,213. Fundraising expenses 61,358. Total expenses -5.”