Addison County Community Trust Inc
990 • Fiscal year 2012 • EIN 22-3032009
Scores are not available for this record yet.
Assets
Flat$9,826,919
Flat from 2012
Net Assets
Flat$2,927,625
Flat from 2012
Liabilities
Flat$6,899,294
Flat from 2012
Revenue
-
No earlier filing loaded for comparison.
Expenses
Flat$1,994,216
Flat from 2012
Net Income
-
No earlier filing loaded for comparison.
- Filing Period
- Jan 1, 2012 to Dec 31, 2012
- Signed
- Sep 9, 2013
- Return Version
- 2012v2.1
- Gross Receipts
- $2,305,910
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.
Major Activities
- Activity 2
- Rehabilitation and development of affordable housing projects in addison county.
Filer
- EIN
- 22-3032009
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 0 | ADDISON COUNTY COMMUNITY TRUST'S ESCROW LIABILITY ACCOUNT REFLECTS FUNDS HELD TEMPORARILY FOR THE PAYMENT OF PROPERTY TAX AND INSURANCE AND TENANT SECURITY DEPOSITS. ADDISON COUNTY COMMUNITY TRUST IS ACTING IN THE CAPACITY OF A THIRD-PARTY ON BEHALF OF THEIR TENANTS. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 1 | ACCT 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. |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation | 2 | RENTAL EXPENSES NETTED AGAINST REVENUE 38,040 |
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| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 0 | ESCROW LIABILITY ARRANGEMENT EXPLANATION |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 1 | LIABILITY UNDER FIN 48 FOOTNOTE |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 2 | REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier | 3 | EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 0 | SCHEDULE D, PAGE 2, PART IV, LINE 2B |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 1 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 2 | SCHEDULE D, PAGE 4, PART XI, LINE 2D |
| IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference | 3 | SCHEDULE D, PAGE 4, PART XII, LINE 2D |
| IRS990ScheduleD/IncludedOnFS | 0 | true |
| IRS990ScheduleD/Land/BookValue | 0 | 5848981 |
| IRS990ScheduleD/Land/OtherCostOrOtherBasis | 0 | 5848981 |
| IRS990ScheduleD/LeaseholdImprovements/BookValue | 0 | 1670947 |
| IRS990ScheduleD/LeaseholdImprovements/Depreciation | 0 | 876188 |
| IRS990ScheduleD/LeaseholdImprovements/OtherCostOrOtherBasis | 0 | 2547135 |
| IRS990ScheduleD/OtherExpensesIncluded | 0 | 38040 |
| IRS990ScheduleD/OtherLandBuildings/BookValue | 0 | 879054 |
| IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis | 0 | 879054 |
| IRS990ScheduleD/OtherRevenues | 0 | 38040 |
| IRS990ScheduleD/RevenueNotRptdF990 | 0 | 38040 |
| IRS990ScheduleD/RevenueSubtotal | 0 | 2092862 |
| IRS990ScheduleD/TotalExpensesPerForm990 | 0 | 1994216 |
| IRS990ScheduleD/TotalOfBookValueLandBuildings | 0 | 9115318 |
| IRS990ScheduleD/TotalRevenuePerForm990 | 0 | 2092862 |
| IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt | 0 | 2032256 |
| IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt | 0 | 2130902 |
| IRS990/ScheduleJRequired | 0 | false |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 0 | LENDER |
| IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction | 1 | LENDER |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 0 | NATIONAL BANK OF MIDDLEBURY |
| IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson | 1 | VT ECONOMIC DEVELOPMENT AUTHORITY |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 0 | BOARD MEMBER |
| IRS990ScheduleL/Form990ScheduleLPartIV/Relationship | 1 | BOARD MEMBER |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 0 | false |
| IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues | 1 | false |
| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | THE ORGANIZATION'S FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | BOARD OF DIRECTORS REVIEWS POTENTIAL CONFLICTS OF INTEREST AT REGULAR MEETINGS. BOARD MEMBERS ARE ASKED TO DISCLOSE KNOWN OR POTENTIAL CONFLICTS OF INTEREST ANNUALLY. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | BOARD OF DIRECTORS REVIEWS AND APPROVES EXECUTIVE DIRECTOR'S COMPENSATION. |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $9,826,919
- Liabilities
- $6,899,294
- Net assets
- $2,927,625
- Revenue
- -
- Expenses
- $1,994,216
- Net income
- -