Champlain Housing Tr

Organization Overview

Champlain Housing Tr is located in Burlington, VT. The organization was established in 1985. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Champlain Housing Tr employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Champlain Housing Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Champlain Housing Tr generated $31.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $19.9m during the year ending 09/2021. While expenses have increased by 10.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2019, Champlain Housing Tr has awarded 14 individual grants totaling $1,033,611. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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.


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.


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Board, Officers & Key Employees

Name (title)Compensation
Michael Monte
CEO
$139,481
Brenda Torpy
CEO
$137,733
Amelia Demetrowitz
COO
$110,459
Cheryl Read
Cfo/cao
$95,572
Bob Robbins
President
$0
Gillian Nanton
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
2nd Generation Builders Llc
Construction
$312,259
Snyder Construction Company Llc
Construction
$643,650
Lakeshore Design Works Llc
Construction
$172,456
Hemingway Drywall & Paint
Maintenance/repairs
$156,880
Petropreneur Llc
Maintenance
$149,906
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$12,000
Related organizations$0
Government grants $10,926,502
All other contributions, gifts, grants, and similar amounts not included above$1,162,606
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$12,101,108
Total Program Service Revenue$15,634,164
Investment income $196,339
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,110,247
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $31,041,858

Grants Awarded

Over the last fiscal year, Champlain Housing Tr has awarded $534,784 in support to 12 organizations.

Grant RecipientAmount

SISTERS AND BROTHERS INVESTMENT GROUP

PURPOSE: AFFORDABLE HOUSING

$132,318

ARCHIBALD HLP

PURPOSE: AFFORDABLE HOUSING

$75,000

HARBOR VIEW MARINA AND RENTALS

PURPOSE: AFFORDABLE HOUSING

$60,000

ST ALBANS STUDIO ARTS LLC

PURPOSE: AFFORDABLE HOUSING

$46,000

DELCO PROPERTIES LLC

PURPOSE: AFFORDABLE HOUSING

$45,000

HAGAN HILL OWNERS ASSOCIATION

PURPOSE: AFFORDABLE HOUSING

$39,335
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Champlain Housing Tr has recieved totaling $398,970.

Awarding OrganizationAmount
Vermont Community Foundation

Middlebury, VT

PURPOSE: GENERAL PURPOSE

$188,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$117,400
Impactassets Inc

Bethesda, MD

PURPOSE: GENERAL SUPPORT

$57,500
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)

$22,911
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION)

$13,159
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,171,701
Earnings$225,971
Admin Expense$9,005
Ending Balance$2,388,667

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