Lamoille Area Housing Corporation The

Organization Overview

Lamoille Area Housing Corporation The is located in Morrisville, VT. The organization was established in 1979. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Lamoille Area Housing Corporation The employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lamoille Area Housing Corporation The 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 09/2023, Lamoille Area Housing Corporation The generated $616.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $503.9k during the year ending 09/2023. While expenses have increased by 0.3% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

LESSORS OF 38-UNIT APARTMENT PROJECT TO PROVIDE SUBSIDIZED ELDERLY HOUSING.

Describe the Organization's Program Activity:

TO PROVIDE LOW-INCOME ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS AND TO PROMOTE THEIR HEALTH SECURITY, HAPPINESS AND USEFULNESS IN LONGER AND INDEPENDENT LIVING. THESE SERVICES ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee / Vice Chair Beg 01/23
$0
Name Not Listed
Trustee / Treasurer Beg 01/23
$0
Name Not Listed
Treasurer / Trustee Beg 01/23
$0
Name Not Listed
Chair / Trustee Beg 01/23
$0
Name Not Listed
Secretary
$0
Name Not Listed
CEO
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$615,182
Investment income $1,149
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $616,331

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