Evernorth

990 • Fiscal year 2021 • EIN 85-1409438

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 08, 2022

Organization Profile WWW.EVERNORTHUS.ORG

100 Bank Street 400Burlington, VT 05401

(802) 863-8424

Siviq Scores

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

0.36x

Higher debt load relative to assets than 64% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

1.14x

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

8.8%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

$235,920

Higher top officer pay than 48% of similar nonprofits.

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

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

6735%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets64th percentile

Assets

$26,020,823

Up $25,640,107 (+6735%) from 2020

Net Assets

$16,701,728

Up $16,321,012 (+4287%) from 2020

Liabilities

$9,319,095

Up $9,319,095 from 2020

Revenue And Expenses

Liabilities / Revenue81st percentile Net Margin43rd percentile

Revenue

$8,207,006

Up $8,207,006 from 2020

Expenses

$7,485,233

Up $7,485,149 (+8910892%) from 2020

Net Income

$721,773

Up $721,857 (+859354%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

Highlighted filing

2021

Assets$26,020,823

Liabilities$9,319,095

Net Assets$16,701,728

Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

Highlighted filing

2021

Revenue$8,207,006

Expenses$7,485,233

Net Income$721,773

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2021 to Dec 31, 2021
Signed: Nov 8, 2022
Return Version: 2021v4.2
Gross Receipts: $8,207,006

Mission and Program Overview

Mission

Produce permanently affordable housing and enable investments in economic and community development to benefit residents through partnerships with communities and the private sector.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Accounts Receivable	-	$11,964,558	-
Investments in Publicly Traded Securities	-	$6,106,051	-
Cash and Non-Interest-Bearing Accounts	$380,716	$4,949,552	▲ $4,568,836
Other Notes and Loans Receivable, Net	-	$976,144	-
Savings and Temporary Cash Investments	-	$673,095	-
Land, Buildings, and Equipment, Net	$0	$569,037	▲ $569,037
Investments Program Related	-	$501,172	-
Prepaid Expenses and Deferred Charges	-	$137,020	-
Total Assets	$380,716	$26,020,823	▲ $25,640,107
Other Assets Total	$0	$144,194	▲ $144,194
Liabilities
Deferred Revenue	-	$8,044,005	-
Accounts Payable and Accrued Expenses	-	$697,090	-
Other Liabilities	$0	$578,000	▲ $578,000
Total Liabilities	$0	$9,319,095	▲ $9,319,095
Net Assets / Fund Balance
Net Assets Without Donor Restrictions	$380,716	$16,452,546	▲ $16,071,830
Net Assets With Donor Restrictions	-	$249,182	-
Total Net Assets Fund Balance	$380,716	$16,701,728	▲ $16,321,012
Total Liabilities and Net Assets / Fund Balance	$380,716	$26,020,823	▲ $25,640,107

Asset Categories

Asset	Book Value	Depreciation	Basis
Equipment	$247,996	$490,017	$738,013
Leasehold Improvements	$321,041	$121,284	$442,325

Compensation and Service Providers

Top Officer Pay48th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Nancy Owens	Co-president	FT	$170,025	$65,895	$235,920
William Shanahan	Co-president	FT	$180,308	$47,692	$228,000
Kathy Beyer	VP - Development	FT	$135,294	$40,507	$175,801
Janet Spitler	Chief Financial Officer	FT	$132,335	$42,629	$174,964
Elizabeth Wagner-boutin	VP - Community Investments	FT	$118,190	$49,860	$168,050
W Eric Schmitt	Vice President - Asset Mgt.	FT	$121,170	$36,716	$157,886
Sherrin Vail	Vice President	FT	$118,880	$34,356	$153,236
Holly Burbank	Vice President	FT	$129,224	$22,673	$151,897

Board Members and Trustees

Name	Title
Cullen Ryan	Co-chair
John Vogel	Co-chair
Amy Demetrowitz	Director
Andrew Winter	Director
Chris Miller	Director
Dave Birkhahn	Director
Kara Sweeney	Director
Karyn Hale	Director
Kelly Laflamme	Director
Marc Landry	Director
Michael Clarke	Director
Walt Greiner	Director
Charlie Baker	Secretary
Art Casavant	Treasurer

Highest Paid Contractors

Contractor	Services	Location	Compensation
Nolan Sheehan Patten LLP	Legal Services	84 STATE STREET SUITE 94C, Boston, MA 02109	$435,580
Cohnreznick LLP	Consulting	500 EAST PRATT STREET SUITE 400, Baltimore, MD 21202	$199,075
Otis Atwell	Accounting Services	324 GANNETT DRIVE, South Portland, ME 04103	$141,125
Gravel And Shea	Legal Services	PO BOX 369, Burlington, VT 05402	$103,017

Revenue and Support

Revenue Composition

Contributions and Grants: $254,182
Program Service Revenue: $7,714,558
Investment Income: $236,256
Other Revenue: $2,010
All Other Contributions: $254,182
Change in Net Assets: $721,773

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Salaries, Compensation, and Employee Benefits	$5,528,546
Other Expenses	$1,956,687
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	$2,794,490	$242,999	-	$3,037,489
Current Officers, Directors, Trustees, and Key Employees	$1,394,494	$121,260	-	$1,515,754
Other Employee Benefits	$458,134	$39,838	-	$497,972
Occupancy	$312,759	$27,196	-	$339,955
Payroll Taxes	$293,785	$25,546	-	$319,331
All Other Expenses	$253,907	$22,079	-	$275,986
Fees for Services Management	$196,057	$17,048	-	$213,105
Fees for Services Accounting	$177,928	$15,472	-	$193,400
Information Technology	$157,127	$13,663	-	$170,790
Pension Plan Contributions	$145,360	$12,640	-	$158,000
Office Expenses	$123,237	$10,716	-	$133,953
Fees for Services Legal	$65,183	$51,709	-	$116,892
Depreciation Depletion	$95,654	$8,318	-	$103,972
Travel	$79,281	$6,894	-	$86,175
Insurance	$73,114	-	-	$73,114
Conferences and Meetings	$33,798	$2,939	-	$36,737
Other Expenses	$33,862	$4,802	-	$33,862
Fees for Service Investment Mgmnt Fees	-	$11,989	-	$11,989
Total Functional Expenses	$6,841,586	$643,647	$0	$7,485,233

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
Evernorth Lending Inc	Burlington, VT	Promote Affordable Housing	501(c)(3)	Line 10	Yes
Evernorth Loan Fund Inc	Burlington, VT	Affordable Housing	501(c)(3)	Line 10	Yes
Hv Nonprofit	Burlington, VT	Promote Affordable Housing	501(c)(3)	Line 12b, Ii	Yes
Hv Real Estate Holdings Inc	Burlington, VT	Promote Affordable Housing	501(c)(3)	Line 12b, Ii	Yes
Northern New England Housing Investment Fund	Burlington, VT	Affordable Housing	501(c)(3)	Line 10	Yes
Vernon Senior Housing	Bedford, NH	Promote Affordable Housing	501(c)(3)	Line 12b, Ii	Yes

Related Partnerships and Joint Ventures

Organization	Location	Activity	Income	Assets	Ownership	Managing Partner
1 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
10 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
10th Cavalry Housing Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
11 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
12 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
13 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
14 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
15 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
16 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
17 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
18 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
19 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
2 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
20 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
21 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
22 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
23 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
24 Vrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
3 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
4 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
481 Maine and New Hampshire Housing Fund Ii Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
481 Maine and New Hampshire Housing Fund Iii Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
481 Maine and New Hampshire Housing Fund Iv Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
481 Maine and New Hampshire Housing Fund Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
5 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
6 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
65 State Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
7 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
8 Enrv 2008 LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
95 North Avenue Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Addison Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Alburgh Family Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Algiers Family Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Applegate Apartments Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Armory Lane Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Arthurs Main Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Avenue Apartments Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Aw Richards Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Baldwin Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Battenkill North	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Bay Ridge Apartments Allocated Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Bay Ridge Apartments Bond Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Bellows Falls Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Bemis Block Hsg Ltd Pship	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Bennington Historic Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Black River Hsg Ltd Pship	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Blake Commons Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Bobbin Mill Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Branchwood Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Bright Street Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Brookside Apartments Lp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Butterfield Family Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Butterfield Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Callahan Hsg Ltdpshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Canal Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Cedars Edge Apartments Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Cherry Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Chicken Bone Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
City Neighborhood Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Community Capital 2010 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2012 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2013 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2014 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2015 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2016 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2017 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital 2018 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital Fund 2006 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital Fund 2007 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital Fund 2008 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Community Capital Housing Vermont Fund 1 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Community Capital Housing Vermont Fund 2 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Community Capital Housing Vermont Fund 3 Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Community Capital Housing Vermont Fund 4 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Congress Street Apartments Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Creekview Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Dewitt Drive Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Dorset Community Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Downtown Crossing	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Eastern Township Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Ellis Block Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Equity Fund Partner LLC	Portland, ME	Affordable Housing	-	-	0.01%	No
Exner Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Falls Housing Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Firehouse Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Fort Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Fox Run Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
French Block Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Garden Street Housing Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Geigers Grocery	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Grand Isle Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Granite City Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Green Mountain Housing Equity Fund Vi Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund 2003 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund 8 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund Ii Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund Iii Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund Iv Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund V Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Mtn Hsg Equity Fund Vii Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Green Street Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Groton Commercialllc	Burlington, VT	Promote Affordable Housing	-	-	50%	No
Groton Community Hsg Ltd Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Harrington Village Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Hartford Scattered Sites Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Hedding Drive Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Hickory Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Hickory Street Iii Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Highgate Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Highland Hill Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Housing New England Fund I Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Housing New England Fund Ii Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Housing New England Fund Iii Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Housing New England Fund Iv Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Housing Pv I LLC	Burlington, VT	Promote Affordable Housing	-	-	100%	No
Howard Block Commercial Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Howard Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Huckle Hill Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Hunt Farm Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Hvt Solar LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Jeudenvine Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Johnson Community Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
KELLEY'S FIELD II LP	Burlington, VT	Affordable Housing	-	-	0.01%	No
KELLEY'S FIELD LP	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
King Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Ladd Hall Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Lamoille View Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Laurentide Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Linden Terrace Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.10%	No
Little Creek Housing Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Maine Housing Equity Fund 2002 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Maine Housing Equity Fund 2004 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Maple Street Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Middlebury South Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Mill Brook Allocated Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Mill Brook Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Missisquoi Manor Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Monument View Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Moose River Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Morrisville Community Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Morrisville Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Mountainview St Jay Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
New Avenue Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
New Depot LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
New Hampshire Housing Equity Fund 2002 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
New Hampshire Housing Equity Fund 2004 Lp	Portland, ME	Affordable Housing	-	-	0.01%	No
Newport Family Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
North Branch Apts Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
North Pleasant Housing 2 Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Northeast Kingdom Eq Fund I	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Olivia Place Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Otter Creek Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Passumpsic Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	5%	No
Pine Manor Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Pine Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Pleasant Hills Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Pleasant Street Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Portland & Main Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Proctorsville Green Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Putney Landing Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Rail City Family Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Rcc2 Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Red Clover Commons Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Richford Community Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
River Bend Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
River Station Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Roaring Branch Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Round Barn Hsg Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Round Barn Solar LLC	Burlington, VT	Promote Affordable Housing	-	-	1%	No
Rutland Community Housing 1 Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Safford Commons Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Safford Real Estate LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Salmon Run Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Saxtons River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Seavers Brook Housing LLC	Burlington, VT	Promote Affordable Housing	-	-	50%	No
Smallest City Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Smith Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
South Meadow Apartments Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Southview Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Stanislaus Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Stone Hill Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Stuart Avenue Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Summer Street Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Swanton School Hlp	Burlington, VT	Promote Affordable Housing	-	-	2.50%	No
Sylvan Woods Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Taylor Street Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Tuttle Block Apartments Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Upper Story Housing Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Vergennes Community Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Vermont Investor Fund Iii LLC	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Village Center Apartments Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Vtnhme Partners LLC	Portland, ME	Affordable Housing	-	-	0.01%	No
Waits River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Wall Street Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Wch 2 Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Wells River Historic Housing Lp	Burlington, VT	Affordable Housing	-	-	0.01%	No
Wells River Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.50%	No
Wentworth Community Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
West Burke Housing Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
West River Valley Assisted Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
West River Valley Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
West River Valley Owners Association	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
West River Valley Supportive Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Westgate Allocated Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Westgate Bond Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Wharf Lane Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Wheeler Brook Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Wilder Block Hsg Ltd Pshp	Burlington, VT	Promote Affordable Housing	-	-	0.05%	No
Willard Mill Hlp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Winchester Place Lp	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No
Woolson Block Limited Partnership	Burlington, VT	Promote Affordable Housing	-	-	0.01%	No

Disregarded Entities

Entity	Location	Activity	Income	Assets	Controller
Hif Asset Protection LLC	Portland, ME	Affordable Housing	-	-	Northern New England Housing Investment Fund
Hif Historic Affordability LLC	Portland, ME	Affordable Housing	-	-	Northern New England Housing Investment Fund

Transactions with Related Organizations

Organization	Type	Method	Amount
Northern New England Housing Investment Fund	S	Net Assets Transferred	$9,919,346
Evernorth Loan Fund Inc	C	Amount Contributed	$5,581,299
Housing New England Fund Ii Lp	L	Market Value of Services	$988,200
Housing New England Fund Iii Lp	L	Market Value of Services	$813,795
Housing New England Fund I Lp	L	Market Value of Services	$756,716
Evernorth Lending Inc	B	Amount Invested	$500,200
481 Maine and New Hampshire Housing Fund Iv Lp	L	Market Value of Services	$305,183
481 Maine and New Hampshire Housing Fund Iii Lp	L	Market Value of Services	$234,295
New Avenue Housing Lp	L	Market Value of Services	$200,000
Stuart Avenue Housing Lp	L	Market Value of Services	$200,000
Village Center Apartments Limited Partnership	L	Market Value of Services	$180,000
Wch 2 Lp	L	Market Value of Services	$157,500
Red Clover Commons Lp	L	Market Value of Services	$135,000
481 Maine and New Hampshire Housing Fund Lp	L	Market Value of Services	$112,582
Chicken Bone Housing Lp	L	Market Value of Services	$112,500
Wells River Historic Housing Lp	L	Market Value of Services	$102,000
481 Maine and New Hampshire Housing Fund Ii Lp	L	Market Value of Services	$93,080
Community Capital Housing Vermont Fund 4 Ltd Pshp	L	Market Value of Services	$91,968
Fox Run Apartments Lp	L	Market Value of Services	$90,000
Fort Apartments Lp	L	Market Value of Services	$82,000
West Burke Housing Lp	L	Market Value of Services	$76,000
Community Capital Fund 2006 Lp	L	Market Value of Services	$75,413
Community Capital 2015 Lp	L	Market Value of Services	$74,000
River Bend Apartments Lp	L	Market Value of Services	$70,400
Tuttle Block Apartments Lp	L	Market Value of Services	$70,000
Community Capital Fund 2008 Lp	L	Market Value of Services	$68,680
Community Capital 2014 Lp	L	Market Value of Services	$67,896
Community Capital Fund 2007 Lp	L	Market Value of Services	$67,333
Community Capital 2016 Lp	L	Market Value of Services	$64,080
Firehouse Apartments Lp	L	Market Value of Services	$60,000
Community Capital 2010 Lp	L	Market Value of Services	$57,907
Community Capital 2018 Lp	L	Market Value of Services	$55,467

Debt and Bond Financing

Other Reported Liabilities

Liability	Amount
Legal and Accounting Reserve	$578,000

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: 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 A, Line 8B

“No such other committees.”

Form 990, Part VI, Section B, Line 11B

“Senior management will review and present to the finance committee who will approve.”

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

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person read, understands and has abided by the organization's written conflict of interest policy. The organization also conducts periodic reviews to ensure the organization is operating in a manner that does not jeopardize its tax-exempt status.”

Form 990, Part VI, Section B, Line 15

“The compensation arrangement of officers and key employees are reviewed and approved by the executive committee.”

Form 990, Part VI, Section C, Line 19

“Available in hard copy at the evernorth office.”

Filing and Contact Details

Filer

Filer Name: Evernorth Inc
EIN: 85-1409438
Phone: 8028638424
Address: 100 BANK STREET 400, BURLINGTON, VT 05401

Signing Officer

Name: Janet Spitler
Title: Chief Financial Officer
Phone: 8028638424
Signed: 2022-11-08
Discuss with paid preparer: Yes

Organization Details

Principal Officer: Janet Spitler
Formed: 2020
Legal Domicile: Me
Voting Board Members: 14
Independent Board Members: 14
Employees: 51
Volunteers: 0

Preparer

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

Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Investments from controlled entities 5,581,299. Tranfer of net assets from controlled entity, net of its initial investment 9,919,346.”

Financial Statement Notes

PART X, LINE 2:

“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 we have no uncertain tax positions. We anticipate that we will not have a change in uncertain tax positions during the next twelve months that would have a material impact on our consolidated financial statements. If necessary, we would accrue interest and penalties on uncertain tax positions as a component of the provision for income taxes. Evernorth is subject to income tax examinations since july 1, 2020 (date of inception).”

Raw XML AppendixShowing 400 of 4,306 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/Form990PartVIISectionAGrp/TitleTxt	5	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	6	DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt	7	DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt	16	CHIEF FINANCIAL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt	17	VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt	19	VP - COMMUNITY INVESTMENTS
IRS990/Form990PartVIISectionAGrp/TitleTxt	20	VICE PRESIDENT - ASSET MGT.
IRS990/Form990PartVIISectionAGrp/TitleTxt	21	VICE PRESIDENT
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing

Assets: $26,020,823
Liabilities: $9,319,095
Net assets: $16,701,728
Revenue: $8,207,006
Expenses: $7,485,233
Net income: $721,773

	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.	$26.0	$8.22	$17.8	$11.2	$10.2	$0.94
2023Detailed filing. Detailed filing data is available for this year.	$25.2	$8.52	$16.7	$8.94	$9.12	$0.19
2022Detailed filing. Detailed filing data is available for this year.	$26.0	$9.58	$16.4	$9.29	$8.35	$0.93
2021Detailed filing. Detailed filing data is available for this year.	$26.0	$9.32	$16.7	$8.21	$7.49	$0.72
2020Detailed filing. Detailed filing data is available for this year.	$0.38	$0.00	$0.38	$0.00	$0.00	$0.00