Evernorth

Organization Overview

Evernorth is located in Burlington, VT. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Evernorth employed 51 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Evernorth is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PRODUCE PERMANENTLY AFFORDABLE HOUSING AND ENABLE INVESTMENTS IN ECONOMIC AND COMMUNITY DEVELOPMENT TO BENEFIT RESIDENTS THROUGH PARTNERSHIPS WITH COMMUNITIES AND THE PRIVATE SECTOR.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FOSTERING LOW-INCOME HOUSING, AND COMMUNITY DEVELOPMENT, ALLEVIATION AND PREVENTATION OF COMMUNITY DETERIORATION THROUGH THE PRODUCTION AND REHABILITATION OF AFFORDABLE HOUSING AS PROVIDED IN INTERNAL REVENUE SERVICE REVENUE PROCEDURE 96-32 (INLUDING SPECIFICALLY THE REQUIREMENTS THAT MUST BE SATISFIED TO QUALIFY UNDER THE SAFE HARBOR OF "FACTS AND CIRCUMSTANCES" TESTS).


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Otis Atwell
Accounting Services
$141,125
Nolan Sheehan Patten Llp
Legal Services
$435,580
Cohnreznick Llp
Consulting
$199,075
Gravel And Shea
Legal Services
$103,017
View All Vendors

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$254,182
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$254,182
Total Program Service Revenue$7,714,558
Investment income $154,011
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $82,245
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,207,006

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Evernorth has recieved totaling $5,000.

Awarding OrganizationAmount
The Nathan Cummings Foundation Inc

New York, NY

PURPOSE: GENERAL SUPPORT

$5,000
View Grant Recipient Profile

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