Champlain Housing Tr
- Assets
- $191.5m
- Revenue
- $50.2m
- Investments
- $0.0
- Employees
- 165
- Location
- Burlington, VT
- Founding
- 02/1985
- Data as of
- 09/2023
- EIN
- 22-2536446
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 09/2023, Champlain Housing Tr employed 165 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 09/2023, Champlain Housing Tr generated $50.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $25.7m during the year ending 09/2023. While expenses have increased by 11.3% 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.
Since 2019, Champlain Housing Tr has awarded 30 individual grants totaling $2,545,519. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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) | Role | Hours | Compensation |
|---|---|---|---|
Jessie Baker Secretary | Trustee | 5 | $0 |
Helen Head Director | Trustee | 5 | $0 |
Gillian Nanton Vice President | Trustee | 5 | $0 |
Issouf Ouattara Director | Trustee | 5 | $0 |
Joan Lenes Director | Trustee | 5 | $0 |
Jeff Smith President | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snyder Construction Company Llc Construction | 9/29/23 | $4,779,742 |
Dew Construction Corporation Construction | 9/29/23 | $1,838,487 |
Vermont Construction Company Construction | 9/29/23 | $929,166 |
Clay Point Associates Environmental Remediation | 9/29/23 | $822,524 |
Naylor & Breen Builders Construction | 9/29/23 | $487,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $66,651 |
| Related organizations | $0 |
| Government grants | $8,518,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,311,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,896,481 |
| Total Program Service Revenue | $16,980,381 |
| Investment income | $322,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,990,161 |
| Net Income from Fundraising Events | -$9,768 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $50,180,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,216,560 |
| Grants and other assistance to domestic individuals. | $414,042 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $396,395 |
| Compensation of current officers, directors, key employees. | $396,395 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,234,197 |
| Pension plan accruals and contributions | $282,087 |
| Other employee benefits | $2,121,609 |
| Payroll taxes | $701,459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $189,411 |
| Fees for services: Accounting | $152,655 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $518,990 |
| Advertising and promotion | $20,704 |
| Office expenses | $451,582 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $311,865 |
| Travel | $307,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,612,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,693,606 |
| Insurance | $539,307 |
| All other expenses | $1,501,251 |
| Total functional expenses | $25,670,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $16,682,139 |
| Pledges and grants receivable | $730,023 |
| Accounts receivable, net | $2,173,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,012,681 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $403,548 |
| Net Land, buildings, and equipment | $79,838,587 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,005,227 |
| Intangible assets | $5,790,358 |
| Other assets | $33,895,447 |
| Total assets | $191,531,660 |
| Accounts payable and accrued expenses | $951,710 |
| Grants payable | $0 |
| Deferred revenue | $118,408 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $41,386,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,474,393 |
| Total liabilities | $49,930,941 |
| Net assets without donor restrictions | $114,872,002 |
| Net assets with donor restrictions | $26,728,717 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $191,531,660 |
Grants Awarded
Over the last fiscal year, Champlain Housing Tr has awarded $1,216,560 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BESSEY REAL ESTATE PARTNERSHIP PURPOSE: AFFORDABLE HOUSING | $52,500 |
365 SOUTH MAIN STREET LLC PURPOSE: AFFORDABLE HOUSING | $130,000 |
ZOF LLC PURPOSE: AFFORDABLE HOUSING | $30,000 |
ACE PROPERTIES LLC PURPOSE: AFFORDABLE HOUSING | $720,000 |
DALTON DRIVE OWNERS ASSOCIATION PURPOSE: AFFORDABLE HOUSING | $50,000 |
ST ALBANS STUDIO ARTS LLC PURPOSE: AFFORDABLE HOUSING | $30,000 |