Champlain Housing Tr
- Assets
- $156.5m
- Revenue
- $31.0m
- Investments
- $0.0
- Employees
- 159
- Location
- Burlington, VT
- Founding
- 02/1985
- Data as of
- 09/2021
- 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 09/2021, 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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Michael Monte CEO | Officer | 40 | $139,481 |
Brenda Torpy CEO | Officer | 40 | $137,733 |
Amelia Demetrowitz COO | Officer | 40 | $110,459 |
Cheryl Read Cfo/cao | Officer | 40 | $95,572 |
Bob Robbins President | Trustee | 5 | $0 |
Gillian Nanton Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
2nd Generation Builders Llc Construction | 9/29/21 | $312,259 |
Snyder Construction Company Llc Construction | 9/29/21 | $643,650 |
Lakeshore Design Works Llc Construction | 9/29/21 | $172,456 |
Hemingway Drywall & Paint Maintenance/repairs | 9/29/21 | $156,880 |
Petropreneur Llc Maintenance | 9/29/21 | $149,906 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $534,784 |
| Grants and other assistance to domestic individuals. | $423,244 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $596,780 |
| Compensation of current officers, directors, key employees. | $596,780 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,898,689 |
| Pension plan accruals and contributions | $217,378 |
| Other employee benefits | $1,493,395 |
| Payroll taxes | $531,714 |
| Fees for services: Management | $11,739 |
| Fees for services: Legal | $82,826 |
| Fees for services: Accounting | $96,545 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $123,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $318,671 |
| Advertising and promotion | $21,523 |
| Office expenses | $56,366 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,163 |
| Travel | $45,753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,738,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,566,764 |
| Insurance | $423,697 |
| All other expenses | $840,922 |
| Total functional expenses | $19,854,619 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,543,169 |
| Pledges and grants receivable | $503,323 |
| Accounts receivable, net | $1,348,703 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,135,893 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $274,314 |
| Net Land, buildings, and equipment | $72,502,756 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,130,286 |
| Intangible assets | $0 |
| Other assets | $29,054,510 |
| Total assets | $156,492,954 |
| Accounts payable and accrued expenses | $924,345 |
| Grants payable | $0 |
| Deferred revenue | $632,254 |
| 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 | $53,269,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,584,981 |
| Total liabilities | $57,411,284 |
| Net assets without donor restrictions | $80,306,996 |
| Net assets with donor restrictions | $18,774,674 |
| 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 | $156,492,954 |
Grants Awarded
Over the last fiscal year, Champlain Housing Tr has awarded $534,784 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Champlain Housing Tr has recieved totaling $398,970.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $2,171,701 |
| Earnings | $225,971 |
| Admin Expense | $9,005 |
| Ending Balance | $2,388,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Housing Assistance Corporation Hyannis, MA | $20,544,372 | $36,246,807 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |