Civic Intelligence

Addison County Community Trust

EIN 22-3032009 • 501(c)3 • Vergennes, VT

Profile

Acct strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.

272 Main StreetVergennes, VT 05491

www.addisontrust.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.28x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

1.02x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

73rd percentile

19%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

44th percentile

3.3%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

9th percentile

-31%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,190,549

Up $551,862 (+3.3%) from 2023

Liabilities

Down

$4,854,240

Down $364,106 (-7.0%) from 2023

Net Assets

Up

$12,336,309

Up $915,968 (+8.0%) from 2023

Revenue

Down

$4,752,796

Down $2,087,471 (-31%) from 2023

Expenses

Up

$3,836,828

Up $672,914 (+21%) from 2023

Net Income

Down

$915,968

Down $2,760,385 (-75%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $9,352,553Liabilities 2010: $6,365,621Net Assets 2010: $2,986,9322010Assets 2011: $9,650,358Liabilities 2011: $6,821,379Net Assets 2011: $2,828,9792011Assets 2012: $9,826,919Liabilities 2012: $6,899,294Net Assets 2012: $2,927,6252012Assets 2013: $10,559,961Liabilities 2013: $7,291,410Net Assets 2013: $3,268,5512013Assets 2014: $10,369,159Liabilities 2014: $7,384,625Net Assets 2014: $2,984,5342014Assets 2015: $10,128,024Liabilities 2015: $7,048,876Net Assets 2015: $3,079,1482015Assets 2016: $10,228,328Liabilities 2016: $6,597,640Net Assets 2016: $3,630,6882016Assets 2017: $10,323,865Liabilities 2017: $6,381,846Net Assets 2017: $3,942,0192017Assets 2018: $10,220,166Liabilities 2018: $5,854,235Net Assets 2018: $4,365,9312018Assets 2019: $10,752,612Liabilities 2019: $5,636,572Net Assets 2019: $5,116,0402019Assets 2020: $11,822,229Liabilities 2020: $5,283,410Net Assets 2020: $6,538,8192020Assets 2021: $12,458,096Liabilities 2021: $5,062,909Net Assets 2021: $7,395,1872021Assets 2022: $12,665,119Liabilities 2022: $4,921,131Net Assets 2022: $7,743,9882022Assets 2023: $16,638,687Liabilities 2023: $5,218,346Net Assets 2023: $11,420,3412023Assets 2024: $17,190,549Liabilities 2024: $4,854,240Net Assets 2024: $12,336,3092024

Highlighted filing

2024

Assets$17,190,549
Liabilities$4,854,240
Net Assets$12,336,309

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,561,4252010Expenses 2011: $1,758,3332011Revenue 2012: $2,092,862Expenses 2012: $1,994,216Net Income 2012: $98,6462012Revenue 2013: $2,739,929Expenses 2013: $2,399,003Net Income 2013: $340,9262013Revenue 2014: $2,487,846Expenses 2014: $2,771,863Net Income 2014: -$284,0172014Revenue 2015: $2,208,182Expenses 2015: $2,113,568Net Income 2015: $94,6142015Revenue 2016: $2,602,124Expenses 2016: $2,050,584Net Income 2016: $551,5402016Revenue 2017: $2,090,529Expenses 2017: $2,296,598Net Income 2017: -$206,0692017Revenue 2018: $2,537,309Expenses 2018: $2,113,397Net Income 2018: $423,9122018Revenue 2019: $3,395,563Expenses 2019: $2,645,454Net Income 2019: $750,1092019Revenue 2020: $3,865,074Expenses 2020: $2,442,295Net Income 2020: $1,422,7792020Revenue 2021: $3,367,951Expenses 2021: $2,511,583Net Income 2021: $856,3682021Revenue 2022: $3,221,130Expenses 2022: $2,872,315Net Income 2022: $348,8152022Revenue 2023: $6,840,267Expenses 2023: $3,163,914Net Income 2023: $3,676,3532023Revenue 2024: $4,752,796Expenses 2024: $3,836,828Net Income 2024: $915,9682024

Highlighted filing

2024

Revenue$4,752,796
Expenses$3,836,828
Net Income$915,968

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.2$4.85$12.3$4.75$3.84$0.92
2023Detailed filing. Detailed filing data is available for this year.$16.6$5.22$11.4$6.84$3.16$3.68
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.7$4.92$7.74$3.22$2.87$0.35
2021Detailed filing. Detailed filing data is available for this year.$12.5$5.06$7.40$3.37$2.51$0.86
2020Detailed filing. Detailed filing data is available for this year.$11.8$5.28$6.54$3.87$2.44$1.42
2019Detailed filing. Detailed filing data is available for this year.$10.8$5.64$5.12$3.40$2.65$0.75
2018Detailed filing. Detailed filing data is available for this year.$10.2$5.85$4.37$2.54$2.11$0.42
2017Detailed filing. Detailed filing data is available for this year.$10.3$6.38$3.94$2.09$2.30$0.21
2016Detailed filing. Detailed filing data is available for this year.$10.2$6.60$3.63$2.60$2.05$0.55
2015Detailed filing. Detailed filing data is available for this year.$10.1$7.05$3.08$2.21$2.11$0.09
2014Detailed filing. Detailed filing data is available for this year.$10.4$7.38$2.98$2.49$2.77$0.28
2013Detailed filing. Detailed filing data is available for this year.$10.6$7.29$3.27$2.74$2.40$0.34
2012Summary only. Only limited summary data is available for this year.$9.83$6.90$2.93$2.09$1.99$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.65$6.82$2.83$1.76
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.35$6.37$2.99$1.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$4,761,184
Mission and Program Overview

Mission

Acct strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.

Ahw strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,516,031$12,029,943▲ $513,912
Investments Program Related$1,145,254$1,626,950▲ $481,696
Savings and Temporary Cash Investments$734,451$880,814▲ $146,363
Cash and Non-Interest-Bearing Accounts$1,657,677$790,250▼ $867,427
Pledges and Grants Receivable$475,337$622,364▲ $147,027
Other Notes and Loans Receivable, Net$460,238$493,397▲ $33,159
Investments in Publicly Traded Securities$202,856$438,131▲ $235,275
Accounts Receivable$268,550$189,330▼ $79,220
Prepaid Expenses and Deferred Charges$66,271$96,748▲ $30,477
Inventories for Sale or Use$13,247$13,622▲ $375
Total Assets$16,638,687$17,190,549▲ $551,862
Other Assets Total$98,775$9,000▼ $89,775
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,635,532$4,510,169▼ $125,363
Accounts Payable and Accrued Expenses$451,195$204,953▼ $246,242
Escrow Account Liability$81,745$88,627▲ $6,882
Deferred Revenue$49,874$50,491▲ $617
Total Liabilities$5,218,346$4,854,240▼ $364,106
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,656,563$11,927,651▲ $4,271,088
Net Assets With Donor Restrictions$3,763,778$408,658▼ $3,355,120
Total Net Assets Fund Balance$11,420,341$12,336,309▲ $915,968
Total Liabilities and Net Assets / Fund Balance$16,638,687$17,190,549▲ $551,862

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,525,522$2,863,588$8,389,110
Land$5,832,797-$5,832,797
Buildings$595,033$482,484$1,077,517
Other Land Buildings$71,769-$71,769
Equipment$4,822$53,273$58,095
Investment Program Related Org$1,626,950--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Elise ShanbackerExecutive DiFT$121,746$5,384$127,130

Board Members and Trustees

NameTitle
David HamiltonPresident
Anna BurnsDirector
Bryan PlantDirector
Gabriel CalviDirector
Ingrid PixleyDirector
John BarstowDirector
Jon CrystalDirector
Karen LuedersDirector
Louise SandbergDirector
Marie LennonDirector
Sarah StarDirector
Peggy NelsonSecretary
Jamie MckennaTreasurer
Natasha SenVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Lecompte Landscaping LLCLandscaping5429 JERSEY ST, Vergennes, VT 05491$107,900
Revenue and Support

Revenue Composition

Contributions and Grants
$2,038,103
Program Service Revenue
$2,763,525
Investment Income
$-89,995
Other Revenue
$41,163
All Other Contributions
$233,629
Change in Net Assets
$915,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,752,796
Total Revenue per Audited Statements
$4,752,796
Total Revenue per Form 990
$4,752,796
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,976,921
Salaries, Compensation, and Employee Benefits$1,697,357
Grants and Similar Amounts Paid$162,550
Total Fundraising Expense$28,535
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,109,926$94,718-$1,204,644
Occupancy$1,045,948$2,284$294$1,048,526
Depreciation Depletion$355,527$1,355$175$357,057
Other Employee Benefits$216,587$24,354$2,926$243,867
Office Expenses$159,519$16,866$2,171$178,556
Grants to Domestic Individuals$162,550--$162,550
Current Officers, Directors, Trustees, and Key Employees$66,107$41,953$19,070$127,130
Interest$107,590$1,261$162$109,013
Payroll Taxes$88,547$10,173$1,310$100,030
Fees for Services Other$88,060$10,275$1,324$99,659
Conferences and Meetings$49,327$5,667$730$55,724
Insurance$48,735$1,883$243$50,861
Fees for Services Legal-$43,468-$43,468
Pension Plan Contributions$20,263$1,423-$21,686
Fees for Services Accounting-$16,500-$16,500
Advertising$8,513$1,006$130$9,649
Other Expenses$7,908--$7,908
Total Functional Expenses$3,535,107$273,186$28,535$3,836,828

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,836,828
Total Expenses per Audited Statements$3,836,828
Total Expenses per Form 990$3,836,828
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$39,577
Fundraising Direct Expenses$8,388
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising$39,577$39,577$2,651$36,926
Total Events$39,577$39,577$8,388$31,189
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 35% controlled entity
No
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
No
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, Page 6, Part VI, Line 11B

The 990 is reviewed by the finance director for accuracy and is then sent to the board finance committee who also reviews it and recommends its acceptance to the board.

Form 990, Page 6, Part VI, Line 12C

Board members submit a conflict of interest statement annually.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board performs the executive director's annual employment review and then determines her salary and annual bonus.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request. Financials are published in the annual report on ahw's website.

Filing and Contact Details

Filer

Filer Name
Addison County Community Trust
EIN
22-3032009
Phone
8028772626
Address
272 MAIN STREET, VERGENNES, VT 05491
Doing Business As
Addison Housing Works

Signing Officer

Name
Elise Shanbacker
Title
Executive Director
Phone
8028772626
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elise Shanbacker
Formed
1989
Legal Domicile
Vt
Voting Board Members
14
Independent Board Members
14
Employees
30
Volunteers
20

Preparer

Firm
Jmm & Associates Pc
Address
463 MOUNTAIN VIEW DR STE 403, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Addison housing work's escrow liability account reflects funds held temporarily for the payment of property tax and insurance and tenant security deposits. Addison housing works is acting in the capacity of a third-party on behalf of their tenants.

Schedule D, Page 3, Part X

Ahw believes that it has appropriate support for any tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.

Raw XML AppendixShowing 400 of 806 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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