Totals
- Total revenue
- $50,180,184
- Total expenses
- $25,670,517
- Contributions and grants received
- $30,896,481
- Grants paid
- $1,630,602
- Program service revenue
- $16,980,381
- Investment income
- $2,313,090
- Other revenue
- -$9,768
- Total assets, end of year
- $191,531,660
- Total liabilities, end of year
- $49,930,941
- Net assets or fund balances, end of year
- $141,600,719
- Program services expenses (Part IX)
- $24,315,901
- Management and general expenses
- $1,021,111
- Fundraising expenses
- $333,505
- Program service expenses (Part III)
- $24,315,901
Program services were 94.7% 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.
-
1c · Fundraising events
$66,651
-
1e · Government grants (contributions)
$8,518,149
-
1f · All other contributions, gifts and grants
$22,311,681
-
2a · Program service revenue: TENANT RENT
total $8,367,653 · related or exempt $8,367,653
-
2b · Program service revenue: FEES/OTHER REVENUES
total $7,995,100 · related or exempt $7,995,100
-
2c · Program service revenue: DEVELOPER FEES
total $617,628 · related or exempt $617,628
-
3 · Investment income
total $322,929 · related or exempt $322,929
-
7a · Gross sales of assets other than inventory
securities $890,517 · other assets $7,922,499
-
7b · Less cost or other basis and sales expenses
securities $1,046,176 · other assets $5,776,679
-
7c · Gain or loss
securities -$155,659 · other assets $2,145,820
-
7d · Net gain or loss
total $1,990,161 · related or exempt $1,990,161
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$66,651
-
8b · Fundraising events: direct expenses
$9,768
-
8c · Net income from fundraising events
total -$9,768 · excluded -$9,768
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,216,560 · program services $1,216,560
-
2 · Grants to domestic individuals
total $414,042 · program services $414,042
-
5 · Compensation of officers, directors and key employees
total $396,395 · management and general $396,395
-
7 · Other salaries and wages
total $8,234,197 · program services $6,565,988 · management and general $1,513,354 · fundraising $154,855
-
8 · Pension plan contributions
total $282,087 · program services $215,291 · management and general $61,782 · fundraising $5,014
-
9 · Other employee benefits
total $2,121,609 · program services $1,619,058 · management and general $464,859 · fundraising $37,692
-
10 · Payroll taxes
total $701,459 · program services $534,420 · management and general $153,774 · fundraising $13,265
-
11b · Fees: legal
total $189,411 · program services $146,980 · management and general $42,431
-
11c · Fees: accounting
total $152,655 · program services $59,225 · management and general $93,430
-
11g · Fees: other
total $518,990 · program services $373,958 · management and general $143,563 · fundraising $1,469
-
12 · Advertising and promotion
total $20,704 · program services $20,704
-
13 · Office expenses
total $451,582 · program services $449,520 · fundraising $2,062
-
16 · Occupancy
total $311,865 · program services $258,489 · management and general $36,889 · fundraising $16,487
-
17 · Travel
total $307,882 · program services $201,303 · management and general $106,579
-
20 · Interest
total $1,612,075 · program services $1,603,822 · management and general $8,253
-
22 · Depreciation, depletion and amortization
total $1,693,606 · program services $1,678,761 · management and general $14,845
-
23 · Insurance
total $539,307 · program services $390,354 · management and general $148,953
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $3,163,494 · program services $2,756,191 · management and general $407,303
-
24b · Other expenses: UTILITIES
total $813,821 · program services $798,340 · management and general $15,481
-
24c · Other expenses: REAL ESTATE TAXES
total $686,532 · program services $686,532
-
24d · Other expenses: MISCELLANEOUS EXPENSES
total $340,993 · program services $310,967 · management and general $30,026
-
24e · All other expenses
total $1,501,251 · program services $4,015,396 · management and general -$2,616,806 · fundraising $102,661
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $15,760,010 · end of year $16,682,139
-
3 · Pledges and grants receivable
beginning of year $1,339,412 · end of year $730,023
-
4 · Accounts receivable
beginning of year $3,028,764 · end of year $2,173,650
-
7 · Other notes and loans receivable
beginning of year $30,072,127 · end of year $38,012,681
-
9 · Prepaid expenses and deferred charges
beginning of year $332,759 · end of year $403,548
-
10a · Land, buildings and equipment: cost or other basis
$93,557,328
-
10b · Land, buildings and equipment: accumulated depreciation
$13,718,741
-
10c · Land, buildings and equipment, net
beginning of year $84,664,338 · end of year $79,838,587
-
13 · Investments: program-related
beginning of year $6,115,359 · end of year $14,005,227
-
14 · Intangible assets
end of year $5,790,358
-
15 · Other assets
beginning of year $33,540,734 · end of year $33,895,447
-
17 · Accounts payable and accrued expenses
beginning of year $1,601,220 · end of year $951,710
-
19 · Deferred revenue
beginning of year $235,632 · end of year $118,408
-
23 · Secured mortgages and notes payable
beginning of year $51,350,080 · end of year $41,386,430
-
25 · Other liabilities
beginning of year $3,325,375 · end of year $7,474,393
-
27 · Net assets without donor restrictions
beginning of year $94,939,944 · end of year $114,872,002
-
28 · Net assets with donor restrictions
beginning of year $23,401,252 · end of year $26,728,717
Mission and programs · 2022
Mission
CHAMPLAIN HOUSING TRUST'S MISSION STATEMENT ASSERTS OUR PRIMARY EXEMPT PURPOSE AS FOLLOWS: CHT IS A COMMUNITY LAND TRUST THAT SUPPORTS THE PEOPLE OF NORTHWEST VERMONT AND STRENGTHENS THEIR COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES AND RELATED COMMUNITY ASSETS.
Activities or mission (Part I)
THE CHAMPLAIN HOUSING TRUST IS A COMMUNITY LAND TRUST THAT SUPPORTS THE PEOPLE OF NORTHWEST VERMONT AND STRENGTHENS THEIR COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES AND RELATED COMMUNITY ASSETS.
-
THE ORGANIZATION OWNS AND MANAGES PROPERTY TO PROVIDE ACCESS TO PERMANENTLY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS. THE ORGANIZATION ALSO PROVIDES A WIDE RANGE OF TENANT AND RESIDENT SERVICES TO HELP ALLEVIATE HOMELESSNESS AND PROMOTE HOUSING AND FINANCIAL STABILITY.
Expenses $18,981,313 · Revenue $15,147,143
-
THE ORGANIZATION PROVIDES A SUITE OF HOMEOWNERSHIP SERVICES INCLUDING EDUCATION TO ASSIST WITH CREDIT, BUDGETING, HOME PURCHASE, AND POST-PURCHASE TOPICS; AFFORDABLE LOANS TO ASSIST WITH THE PURCHASE OR ESSENTIAL REPAIR OF HOMES; AND ACCESS TO AFFORDABLE HOME PURCHASES THROUGH ITS SIGNATURE SHARED EQUITY PROGRAM. THE ORGANIZATION ALSO PROVIDES ONGOING STEWARDSHIP OF ITS PERMANENTLY AFFORDABLE, OWNER-OCCUPIED HOME PORTFOLIO, INCLUDING FACILITATION OF HOME PURCHASES AND SALES.
Expenses $3,812,399 · Grants $1,630,602 · Revenue $3,709,149
-
THE ORGANIZATION IS ENGAGED IN REAL ESTATE DEVELOPMENT, FOCUSED ON PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS AS WELL AS NONPROFIT COMMUNITY FACILITIES.
Expenses $1,522,189 · Revenue $437,179
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JESSIE BAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
HELEN HEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
GILLIAN NANTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
ISSOUF OUATTARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JOAN LENES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JEFF SMITH
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
KATE CAPPLEMAN SINZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
KATHY T LUCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
LISA LORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
LIZ GAMACHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
NAIMA DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
NICOLE MACE
VICE TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
RACHYL PHILLIPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
SARAH ROBINSON
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
MICHAEL MONTE
CEO
- Total calculated
- $172,828
- From this org
- $153,510
- From related orgs
- $0
- Other
- $19,318
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,510
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $19,318
- Filer's total
- $172,828
-
CHERYL READ
CAO/CFO
- Total calculated
- $144,781
- From this org
- $116,263
- From related orgs
- $0
- Other
- $28,518
- Hours/week
- 40
-
AMELIA DEMETROWITZ
COO
- Total calculated
- $152,747
- From this org
- $126,622
- From related orgs
- $0
- Other
- $26,125
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,622
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $26,125
- Filer's total
- $152,747
-
BRENDA TORPY
EMPLOYEE
- Total calculated
- $106,023
- From this org
- $103,173
- From related orgs
- $0
- Other
- $2,850
- Hours/week
- 40
-
CHRISTOPHER DONNELLY
EMPLOYEE
- Total calculated
- $131,538
- From this org
- $100,737
- From related orgs
- $0
- Other
- $30,801
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$720,000
AFFORDABLE HOUSING
-
$130,000
AFFORDABLE HOUSING
-
$75,000
AFFORDABLE HOUSING
-
$64,000
AFFORDABLE HOUSING
-
BESSEY REAL ESTATE PARTNERSHIP
$52,500
AFFORDABLE HOUSING
-
$50,060
AFFORDABLE HOUSING
-
DALTON DRIVE OWNERS ASSOCIATION
$50,000
AFFORDABLE HOUSING
-
$30,000
AFFORDABLE HOUSING
-
$30,000
AFFORDABLE HOUSING
-
$15,000
AFFORDABLE HOUSING
The 10 largest by cash amount. The API serves every itemized grant.
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.
-
LAKE STREET HOUSING CORPORATION
501(C)(3) · AFFORDABLE HOUSING · VT
-
CHAMPLAIN HOUSING LOAN FUND INC
501(C)(3) · AFFORDABLE HOUSING · VT
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
Directly controlled by CHAMPLAIN HOUSING TRUST
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$122 · share of assets $220,655 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$10 · share of assets $204,089 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$5 · share of assets $42,944 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$4 · share of assets $148,844 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$19 · share of assets $204,964 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$64,116 · share of assets $603,979 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$208,132 · share of assets $2,544,465 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$144,189 · share of assets $2,535,527 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$46,661 · share of assets $126,499 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$92,304 · share of assets $463,912 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$10 · share of assets $671,664 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$260,742 · share of assets $4,089,010 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$581,125 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$7 · share of assets $12,022 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$13 · share of assets $198,301 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$175,398 · share of assets $1,862,762 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$122,908 · share of assets $1,464,680 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$138,459 · share of assets $2,495,024 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$22,670 · share of assets $1,085,081 · general or managing partner
-
BUS BARNS ALLOCATED HOUSING LP
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$194,283 · share of assets $1,642,695 · general or managing partner
-
LIME KILN ALLOCATED HOUSING LP
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$181,062 · share of assets $2,540,573 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$201,853 · share of assets $2,385,651 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$259,731 · share of assets $977,529 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$95,121 · share of assets $954,523 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$150,699 · share of assets $364,042 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$174,908 · share of assets $2,643,418 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 37.5% owned · share of income -$10 · share of assets $41,337 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 2.5% owned · share of income -$3 · share of assets $53,660 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$7 · share of assets $328,711 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$14 · share of assets $622,709 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$3 · share of assets $18,410 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 100% owned · share of income -$51,219 · share of assets $188,959 · general or managing partner
-
BRIGHT STREET LIMITED PARTNERSHIP
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$14 · share of assets $373,098 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$5 · share of assets $22,617 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$18 · share of assets $299,273 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$27 · share of assets $924,458 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$9 · share of assets $1,060,983 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$8 · share of assets $553,750 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$24 · share of assets $1,069,090 · general or managing partner
-
FORT APARTMENTS LIMITED PARTNERSHIP
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$9 · share of assets $625,045 · general or managing partner
-
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$16 · share of assets $2,525,533 · general or managing partner
-
ZEPHYR PLACE HOUSING LIMITED PARTNERSHIP
RELATED · AFFORDABLE HOUSING · VT · 0.01% owned · share of income -$4 · share of assets $3,203,534 · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · AFFORDABLE HOUSING · VT · 100% owned
-
LAKE CHAMPLAIN HOUSING VENTURES INC
C · AFFORDABLE HOUSING · VT · 100% owned
-
C · AFFORDABLE HOUSING · VT · 100% owned
-
C · AFFORDABLE HOUSING · VT · 100% owned
-
C · AFFORDABLE HOUSING · VT · 100% owned
-
ROUND BARN HOUSING CORPORATION
C · AFFORDABLE HOUSING · VT · 100% owned
-
C · AFFORDABLE HOUSING · VT · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412159349301626
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.