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THE HOUSING FOUNDATION INCORPORATED: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
THE HOUSING FOUNDATION INCORPORATED (EIN 03-0305214)
Tax period
2020-10-01 to 2021-09-30
Filed
2022-02-14
IRS object ID
202230459349302208
Schema version
2020v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-14T14:10:06-06:00ReturnTs
Tax Period End2021-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030302296PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KITTELL BRANAGAN & SARGENTBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1154 N MAIN STAddressLine1Txt
CityST ALBANSCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05478ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030305214EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THE HOUSING FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlHOUSBusinessNameControlTxt
Phone8028283006PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 157AddressLine1Txt
CityMONTPELIERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP056010157ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJONATHAN BONDPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8028283003PhoneNum
Signature2021-01-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJONATHANPersonFirstNm
Person LastBONDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGREGORY SARGENT CPAPreparerPersonNm
PTINP01402903PTIN
Phone8025249531PhoneNum
Preparation2022-02-14PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJONATHAN BONDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1ONE PROSPECT STREETAddressLine1Txt
CityMONTPELIERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05602ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$7,257,623GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.HFIVT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionTHE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK.ActivityOrMissionDesc
Voting Members Governing Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee1TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$76,830PYContributionsGrantsAmt
CY Contributions Grants$44,557CYContributionsGrantsAmt
PY Program Service Revenue$6,810,063PYProgramServiceRevenueAmt
CY Program Service Revenue$7,119,437CYProgramServiceRevenueAmt
PY Investment Income$25,876PYInvestmentIncomeAmt
CY Investment Income$46,104CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$6,912,769PYTotalRevenueAmt
CY Total Revenue$7,210,098CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$105,768PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$105,768CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$6,207,785PYOtherExpensesAmt
CY Other Expenses$6,252,040CYOtherExpensesAmt
PY Total Expenses$6,313,553PYTotalExpensesAmt
CY Total Expenses$6,357,808CYTotalExpensesAmt
PY Revenues Less Expenses$599,216PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$852,290CYRevenuesLessExpensesAmt
Total Assets BOY$37,149,069TotalAssetsBOYAmt
Total Assets EOY$36,960,857TotalAssetsEOYAmt
Total Liabilities BOY$19,498,858TotalLiabilitiesBOYAmt
Total Liabilities EOY$18,458,356TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$17,650,211NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$18,502,501NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,925,781ExpenseAmt
Revenue$7,157,309RevenueAmt
DescRENTAL OF LOW INCOME HOUSING. AT THE CLOSE OF THE YEAR, THE CORPORATION OWNED AND/OR OPERATED 1,240 UNITS OF HOUSING.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$288,385ExpenseAmt
DescACQUISITION OF LOW INCOME HOUSING STOCK FOR THE PURPOSE OF PRESERVING AFFORDABLE HOUSING.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$6,214,166TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsfalseInvestTaxExemptBondsInd
Escrow AccountYes (true)EscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document48IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee1EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonKELLY PEMBROKEPersonNm
Phone8028283006PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 PROSPECT STREETAddressLine1Txt
CityMONTPELIERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP056023556ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JONATHAN BOND
EXECUTIVE DI40.000.00Yes (X)$95,000$0$0
ALISON BELL
PRESIDENT2.000.00Yes (X)$0$0$0Yes (X)
CHARLES CHERHONIAK
BOARD MEMBER2.000.00$0$0$0Yes (X)
ROBERT DOSTIS
SEC./TREAS.2.000.00Yes (X)$0$0$0Yes (X)
CHARLES GRENIER
BOARD MEMBER2.000.00$0$0$0Yes (X)
MARY HOUGHTON
VP2.000.00Yes (X)$0$0$0Yes (X)
TIM JERMAN
BOARD MEMBER2.000.00$0$0$0Yes (X)
CAROLYN LITTLE
BOARD MEMBER2.00$0$0$0Yes (X)
MICHAEL LORRAINE
BOARD MEMBER2.000.00$0$0$0Yes (X)
DAVID MUZZY
BOARD MEMBER2.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$95,000TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
VERMONT STATE HOUSING AUTHORITY
1 PROSPECT STREETMONTPELIERVT05602ACCT./MGMNT$861,581
ALPINE BUILDING RESTORATION INC
7 EAST COUNTRYSIDE ROADWATERBURYVT05676MASONRY$268,460
GREEN MOUNTAIN POWER CORP
PO BOX 1611BRATTLEBOROVT05302GENERAL CONTRAC$123,664
WALKER CONSTRUCTION INC
PO BOX 538STOWEVT05672CONSTRUCTION$115,568
MYERS CONTAINERS SERVICE CORP
PO BOX 38WINOOSKIVT05404WASTE MANAGEMEN$105,069
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K6CntrctRcvdGreaterThan100KCnt
Government Grants$44,557GovernmentGrantsAmt
Total Contributions$44,557TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
PROJECT/MHP RENTS531310$6,887,477$6,887,477
OTHER INCOME531310$231,960$231,960
FieldValueIRS element (for citing)
Total Program Service Revenue$7,119,437TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,232TotalRevenueColumnAmt
Exclusion$8,232ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$85,397OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$47,525OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other$37,872OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$37,872TotalRevenueColumnAmt
Related Or Exempt Func Income$37,872RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$7,210,098TotalRevenueColumnAmt
Related Or Exempt Func Income$7,157,309RelatedOrExemptFuncIncomeAmt
Exclusion$8,232ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$95,000TotalAmt
Management And General$95,000ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,500TotalAmt
Program Services$3,500ProgramServicesAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$7,268TotalAmt
Management And General$7,268ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$1,207,344TotalAmt
Program Services$1,207,344ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$123,983TotalAmt
Program Services$120,176ProgramServicesAmt
Management And General$3,807ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$25TotalAmt
Program Services$25ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$3,065,071TotalAmt
Program Services$3,065,071ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$292,540TotalAmt
Program Services$288,385ProgramServicesAmt
Management And General$4,155ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,230,305TotalAmt
Program Services$1,230,305ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$197,434TotalAmt
Program Services$186,825ProgramServicesAmt
Management And General$10,609ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
OTHER ADMIN$101,179$78,376$22,803
COLLECTION LOSSES$30,097$30,097
GRANT EXPENSE$4,062$4,062

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,357,808TotalAmt
Program Services$6,214,166ProgramServicesAmt
Management And General$143,642ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$3,653,680BOYAmt
EOY$3,903,109EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$3,455,579BOYAmt
EOY$3,846,814EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$384,050BOYAmt
EOY$330,373EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,171,901BOYAmt
EOY$1,126,560EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$1,838BOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$19,634BOYAmt
EOY$20,082EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$50,868,729LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$24,369,929LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$27,592,296BOYAmt
EOY$26,498,800EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$870,091BOYAmt
EOY$831,047EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$404,072EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$37,149,069BOYAmt
EOY$36,960,857EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$977,217BOYAmt
EOY$1,093,573EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$531,388BOYAmt
EOY$495,234EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,373,543BOYAmt
EOY$2,618,104EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$14,616,710BOYAmt
EOY$14,251,445EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$19,498,858BOYAmt
EOY$18,458,356EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$16,109,042BOYAmt
EOY$17,009,281EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,541,169BOYAmt
EOY$1,493,220EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$17,650,211BOYAmt
EOY$18,502,501EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$37,149,069BOYAmt
EOY$36,960,857EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$852,290ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$162,017CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$185,308CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$299,678CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,830CurrentTaxYearMinus1YearAmt
Current Tax Year$44,557CurrentTaxYearAmt
Total$768,390TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$162,017CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$185,308CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$299,678CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$76,830CurrentTaxYearMinus1YearAmt
Current Tax Year$44,557CurrentTaxYearAmt
Total$768,390TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$768,390PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,930CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$28,447CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$37,261CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,876CurrentTaxYearMinus1YearAmt
Current Tax Year$8,232CurrentTaxYearAmt
Total$120,746TotalAmt
FieldValueIRS element (for citing)
Total Support$889,136TotalSupportAmt
Gross Receipts Rltd Activities$33,514,599GrossReceiptsRltdActivitiesAmt
Public Support CY1700.86420PublicSupportCY170Pct
Public Support PY1700.86290PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$13,366,261OtherCostOrOtherBasisAmt
Book Value$13,366,261BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,549,697OtherCostOrOtherBasisAmt
Depreciation$9,481,315DepreciationAmt
Book Value$9,068,382BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,671,969OtherCostOrOtherBasisAmt
Depreciation$14,685,720DepreciationAmt
Book Value$3,986,249BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$255,128OtherCostOrOtherBasisAmt
Depreciation$202,894DepreciationAmt
Book Value$52,234BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$25,674OtherCostOrOtherBasisAmt
Book Value$25,674BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$26,498,800TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,210,098TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$7,210,098RevenueSubtotalAmt
Total Revenue Per Form990$7,210,098TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,357,808TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$6,357,808ExpensesSubtotalAmt
Total Expenses Per Form990$6,357,808TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE D, PAGE 3, PART XFormAndLineReferenceDesc
ExplanationCONSIDERATION HAS BEEN GIVEN TO UNCERTAIN TAX POSITIONS. THE FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED AFTER SEPTEMBER 30, 2018, REMAIN OPEN FOR POTENTIAL EXAMINATION BY MAJOR TAX JURISDICTIONS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1TD BANKNORTH - 2003 BONDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN030305214BondIssuerEIN
Bond Issued2003-04-15BondIssuedDt
Issue Price$6,475,000IssuePriceAmt
PurposeAFFORDABLE HOUSINGPurposeDesc
DefeasedYes (true)DefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Total Proceeds$6,475,000TotalProceedsAmt
Capital Expenditures$6,475,000CapitalExpendituresAmt
Substantial Completion2003SubstantialCompletionYr
Refunding Tax Exempt BondsfalseRefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadeYes (true)FinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledfalseForm8038TFiledInd
Rebate Not Due YetfalseRebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
Written Proc To Monitor ReqsfalseWrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionfalseProceduresCorrectiveActionInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePURPOSE OF ISSUE DESCRIPTIONFormAndLineReferenceDesc
ExplanationTD BANKNORTH - 2003 BOND AFFORDABLE HOUSINGExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONTHE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK.
FORM 990, PAGE 6, PART VI, LINE 3THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO VERMONT STATE HOUSING AUTHORITY AND ALLIANCE PROPERTY MANAGEMENT, INC.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS REVIEWED BY THE THE BOARD OF THE HOUSING FOUNDATION, INC. AND SIGNED UPON APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 12CTHE POLICY IS ADOPTED BY THE BOARD OF DIRECTORS. EACH DIRECTOR SIGNS A COPY OF THE POLICY TO ENSURE THAT THEY UNDERSTAND THAT ALL CONFLICTS OR POTENTIAL CONFLICTS MUST BE DISCLOSED. THESE DISCLOSURES ARE KEPT IN A CURRENT FILE.
FORM 990, PAGE 6, PART VI, LINE 15ATHE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 15BBOARD MEMBERS MAY ELECT TO BE PAID A PER DIEM RATE OF 50 PER MEETING - THE BOARD MEETS APPROXIMATELY 6 TIMES A YEAR. BOARD MEMBERS ALSO MAY ELECT TO BE REIMBURSED FOR MILEAGE.
FORM 990, PAGE 6, PART VI, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (17 entries)

Business Name Line2RelatedOrganizationName/BusinessNameLine2TxtAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPctDirect Controlling NADirectControllingNACd
VILLAGE APARTMENTS LIMITED
PARTNERSHIPONE PROSPECT STREETMONTPELIERVT05602030323996HOUSINGVTNARELATED$305$12,435falseYes (true)0.01000
WILLIAMSTOWN HOUSING ASSOCIATES
ONE PROSPECT STREETMONTPELIERVT05602030330681HOUSINGVTNARELATED-$33$14,689falseYes (true)0.05000
BRANDON HOUSING LIMITED
PARTNERSHIPONE PROSPECT STREETMONTPELIERVT05602030337059HOUSINGVTNARELATED-$196$18,057falseYes (true)0.01000
MIDDLEBURY HOUSING ASSOCIATES
ONE PROSPECT STREETMONTPELIERVT05602010442720HOUSINGVTNARELATED$810$62,344falseYes (true)0.05000
HOLLOW DRIVE HOUSING LIMITED
PARTNERSHIPONE PROSPECT STREETMONTPELIERVT05602030369483HOUSINGVTNARELATED-$39$72,893falseYes (true)0.02500
WHITE RIVER HOUSING ASSOCIATES
ONE PROSPECT STREETMONTPELIERVT05602721543622HOUSINGVTNARELATED-$40$230,916falseYes (true)0.00100
UPPER VALLEY HOUSING ASSOCIATES
ONE PROSPECT STREETMONTPELIERVT05602721543628HOUSINGVTNARELATED-$105$238,861falseYes (true)0.01000
NORTHFIELD HOUSING ASSOCIATES LP
ONE PROSPECT STREETMONTPELIERVT05602202825779HOUSINGVTNARELATED-$318$318,005falseYes (true)0.05000
MEADOWLANE HOUSING ASSOCIATES LP
ONE PROSPECT STREETMONTPELIERVT05602260445242HOUSINGVTNARELATED-$13$322,086falseYes (true)0.00010
RIVER BEND HOUSING ASSOCIATES LP
ONE PROSPECT STREETMONTPELIERVT05602263302612HOUSINGVTNARELATED-$7$198,329falseYes (true)0.05000
DEPOT II HOUSING ASSOCIATES LP
ONE PROSPECT STREETMONTPELIERVT05602451617291HOUSINGVTNARELATED-$4$101,723falseYes (true)0.00010
SWANTON HOUSING ASSOCIATES I LP
PO BOX 157MONTPELIERVT05602452989591HOUSINGVTNARELATED-$7$119,420falseYes (true)0.00010
HOLY ANGELS LLC
7 TOZER ROADBEVERLYMA01915900704508HOUSINGVTNARELATED$299$14,841falsefalse0.01000
BARDWELL LLC
7 TOZER ROADBEVERLYMA01915463752338HOUSINGVTNARELATED$630$33,361falsefalse0.01000
VVII HOUSING ASSOCIATES LP
ONE PROSPECT STREETMONTPELIERVT05602462108863HOUSINGVTNARELATED-$4$81,708falseYes (true)0.05000
HILLCREST VIEWS LIMITED
PARTNERSHIPONE PROSPECT STREETMONTPELIERVT05602030321817HOUSINGVTNARELATED$41,300$1,218,112falsefalse0.95000
HOLLISTER HILL HOUSING ASSOC LP
PO BOX 157MONTPELIERVT05601820789090HOUSINGVTRELATED-$11$98,274falseYes (true)0.00010N/A
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd