Totals
- Total revenue
- $9,587,177
- Total expenses
- $8,125,392
- Contributions and grants received
- $4,805,783
- Grants paid
- $22,991
- Program service revenue
- $4,762,062
- Investment income
- $19,332
- Other revenue
- $0
- Total assets, end of year
- $26,142,035
- Total liabilities, end of year
- $13,187,104
- Net assets or fund balances, end of year
- $12,954,931
- Program services expenses (Part IX)
- $7,158,434
- Management and general expenses
- $966,958
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $7,158,434
Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$4,121,872
-
1f · All other contributions, gifts and grants
$683,911
-
2a · Program service revenue: Rental Income
total $2,387,322 · related or exempt $2,387,322
-
2b · Program service revenue: Property Management
total $1,388,513 · related or exempt $1,388,513
-
2c · Program service revenue: Support Services
total $645,054 · related or exempt $645,054
-
2d · Program service revenue: Other Operating Revenu
total $210,262 · related or exempt $210,262
-
2e · Program service revenue: Development Fees
total $130,911 · related or exempt $130,911
-
3 · Investment income
total $25,253 · excluded $25,253
-
7b · Less cost or other basis and sales expenses
other assets $5,921
-
7c · Gain or loss
other assets -$5,921
-
7d · Net gain or loss
total -$5,921 · excluded -$5,921
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $22,991 · program services $22,991
-
5 · Compensation of officers, directors and key employees
total $279,546 · management and general $279,546
-
7 · Other salaries and wages
total $2,277,828 · program services $2,134,967 · management and general $142,861
-
8 · Pension plan contributions
total $36,417 · program services $30,927 · management and general $5,490
-
9 · Other employee benefits
total $347,042 · program services $319,437 · management and general $27,605
-
10 · Payroll taxes
total $199,164 · program services $161,949 · management and general $37,215
-
11a · Fees: management
total $5,422 · program services $5,422
-
11b · Fees: legal
total $44,331 · program services $44,271 · management and general $60
-
11c · Fees: accounting
total $102,444 · program services $34,200 · management and general $68,244
-
11g · Fees: other
total $62,226 · program services $5,195 · management and general $57,031
-
12 · Advertising and promotion
total $2,743 · program services $2,743
-
13 · Office expenses
total $198,504 · program services $151,402 · management and general $47,102
-
14 · Information technology
total $46,900 · program services $22,061 · management and general $24,839
-
16 · Occupancy
total $1,564,802 · program services $1,525,547 · management and general $39,255
-
17 · Travel
total $157,541 · program services $146,487 · management and general $11,054
-
19 · Conferences, conventions and meetings
total $24,814 · program services $24,814
-
20 · Interest
total $261,159 · program services $210,939 · management and general $50,220
-
22 · Depreciation, depletion and amortization
total $628,503 · program services $602,602 · management and general $25,901
-
23 · Insurance
total $177,368 · program services $130,513 · management and general $46,855
-
24a · Other expenses: Pass-through Grants
total $1,397,242 · program services $1,397,242
-
24b · Other expenses: Operating & Maintenance
total $177,288 · program services $164,242 · management and general $13,046
-
24c · Other expenses: Impairment Expenses
total $69,808 · management and general $69,808
-
24d · Other expenses: Other Expenses
total $41,309 · program services $20,483 · management and general $20,826
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $826,300 · end of year $421,399
-
2 · Savings and temporary cash investments
beginning of year $1,976,047 · end of year $1,522,442
-
4 · Accounts receivable
beginning of year $68,231 · end of year $195,321
-
7 · Other notes and loans receivable
beginning of year $30,357 · end of year $5,976
-
9 · Prepaid expenses and deferred charges
beginning of year $61,396 · end of year $75,307
-
10a · Land, buildings and equipment: cost or other basis
$27,376,133
-
10b · Land, buildings and equipment: accumulated depreciation
$8,057,755
-
10c · Land, buildings and equipment, net
beginning of year $16,740,388 · end of year $19,318,378
-
12 · Investments: other securities
beginning of year $1,907,849 · end of year $1,907,849
-
15 · Other assets
beginning of year $1,791,806 · end of year $2,695,363
-
17 · Accounts payable and accrued expenses
beginning of year $739,942 · end of year $726,815
-
23 · Secured mortgages and notes payable
beginning of year $10,302,274 · end of year $11,352,532
-
24 · Unsecured notes and loans payable
beginning of year $161,135 · end of year $379,135
-
25 · Other liabilities
beginning of year $705,877 · end of year $728,622
-
27 · Net assets without donor restrictions
beginning of year $11,325,429 · end of year $12,824,706
-
28 · Net assets with donor restrictions
beginning of year $167,717 · end of year $130,225
Mission and programs · 2023
Mission
To develop, own and manage affordable residential housing units and related facilities for qualified low-income families.
-
Provides affordable housing to low-income families in northern Vermont.
Expenses $7,158,434 · Grants $22,991 · Revenue $4,762,062
As filed on the 2023 return.
Listed in Part VII
-
Tim O'Neill
President
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Patricia Sears
Vice President
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Nikole Brainard
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Loraine Janowski
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 5 related
-
Bobby Farlice-Rubio
Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Kimico Perry
Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Reverend Dr Jeff Potter
Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Kelsey Stavseth
Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Terri Lynn Williams
Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Jennifer Cleveland
Past Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Scott Campbell
Past Director
- Total calculated
- $0
- Hours/week
- 1 + 2.5 related
-
Patrick Shattuck
Executive Director
- Total calculated
- $148,495
- From this org
- $125,747
- From related orgs
- $0
- Other
- $22,748
- Hours/week
- 40 + 5 related
-
Diana Cazaudumec
Director of Finance and Compliance
- Total calculated
- $131,051
- From this org
- $110,383
- From related orgs
- $0
- Other
- $20,668
- Hours/week
- 40 + 5 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
Forgiveness of Debt
-
Forgiveness of Debt
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Affordable Housing · VT · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
501(c)(3) · Affordable Housing · VT · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
Memphremagog Senior Citizen Housing Inc
501(c)(3) · Affordable Housing · VT · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
501(c)(3) · Affordable Housing · VT · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
501(c)(3) · Affordable Housing · VT · controlled entity
Directly controlled by Gilman Housing Trust Inc
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Affordable Housing · VT · income $310,545 · assets $486,937
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income $192,533 · assets $851,171
Directly controlled by Lakeview 2015 LLC
-
Affordable Housing · VT · income $0 · assets $0
Directly controlled by Gilman Housing Trust Inc
-
Lakeview Housing Limited Partnership
Affordable Housing · VT · income $335,633 · assets $1,041,558
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income $0 · assets $0
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$11 · assets $448,638
Directly controlled by Gilman Housing Trust Inc
-
St Johnsbury Housing Partnership
Affordable Housing · VT · income $132,608 · assets $1,608,981
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$14 · assets $190,126
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$7 · assets $236,048
Directly controlled by Gilman Housing Trust Inc
-
Crystal Lake 2016 LLC
Affordable Housing · VT · income $0 · assets $0
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$9 · assets $411,779
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$10 · assets $60,978
Directly controlled by Gilman Housing Trust Inc
-
Lakeview 2015 LLC
Affordable Housing · VT · income $0 · assets $0
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · income -$15 · assets $335,010
Directly controlled by Gilman Housing Trust Inc
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Related · Affordable Housing · VT · 100% owned · share of income -$76,879 · share of assets $627,448 · general or managing partner
Directly controlled by Gilman Housing Trust Inc
-
Glover Housing Limited Partnership
Affordable Housing · VT · general or managing partner
-
Related · Affordable Housing · VT · 21.02% owned · share of income -$7 · share of assets $236,048 · general or managing partner
Directly controlled by GPA 2019 LLC
-
Related · Affordable Housing · VT · 2.5% owned · share of income -$78 · share of assets -$26,810 · general or managing partner
Directly controlled by Gilman Housing Trust Inc
-
Affordable Housing · VT · general or managing partner
-
Related · Affordable Housing · VT · 15.14% owned · share of income -$14 · share of assets $190,126 · general or managing partner
Directly controlled by JRA 2018 LLC
-
Lyndon Darling Senior Housing LP
Affordable Housing · VT · general or managing partner
-
Related · Affordable Housing · VT · 99.95% owned · share of income -$114,175 · share of assets $1,111,881 · general or managing partner
Directly controlled by Gilman Housing Trust Inc
-
Mountainview St Jay Housing LP
Related · Affordable Housing · VT · 2.5% owned · share of income -$88 · share of assets $34,984 · general or managing partner
Directly controlled by Gilman Housing Trust Inc
-
Related · Affordable Housing · VT · 0.01% owned · share of income -$10 · share of assets $60,978 · general or managing partner
Directly controlled by GHT NFH 2010 LLC
-
Newport Senior Housing Limited
Affordable Housing · VT · general or managing partner
-
Related · Affordable Housing · VT · 0.01% owned · share of income -$9 · share of assets $411,779 · general or managing partner
Directly controlled by GHT OPL 2018 LLC
-
Related · Affordable Housing · VT · 0.01% owned · share of income -$11 · share of assets $448,638 · general or managing partner
Directly controlled by Parkview Newport LLC
-
Related · Affordable Housing · VT · 0.01% owned · share of income -$15 · share of assets $335,010 · general or managing partner
Directly controlled by GHT WBH 2020 LLC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · Rental · VT · 100% owned · share of income -$14 · share of assets $715,285 · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
C · Rental · VT · 100% owned · share of income -$18 · share of assets $76,176 · controlled entity
Directly controlled by Gilman Housing Trust Inc
-
C · Rental · VT · 100% owned · share of income -$68 · share of assets -$214,707 · controlled entity
Directly controlled by Gilman Housing Trust Inc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349310010
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