2017-11-15T08:54:00-06:00 2016-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2016-01-01 030301520 GILMAN HOUSING TRUST INC D/B/A Rural Edge GILM 8023341541 48 ELM STREET PO Box 259 LYNDONVILLE VT 05851 Trisha Ingalls CEO 8023341541 2017-11-14 1 LEONARD J BERKOWITZ P00872822 6176481400 209.3.217.20 2017-11-14 09:39:04 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F446AB6319547652C5FB68E3BC38758B58B69995 2016 2021-01-29 14:40:06Z Trisha Ingalls 48 Elm Street PO Box 259 Lyndonville VT 05851 5123752 0 X N/A X 1992 VT TO DEVELOP, OWN AND MANAGE AFFORDABLE RESIDENTIAL HOUSING UNITS AND RELATED FACILITIES FOR QUALIFIED LOW-INCOME FAMILIES. 7 7 23 0 0 0 1211588 1306531 3458732 3766034 31739 51187 0 0 4702059 5123752 0 0 0 0 1261508 1254862 0 0 0 4096742 4332745 5358250 5587607 -656191 -463855 26777321 27989334 17752325 19428061 9024996 8561273 TO DEVELOP, OWN AND MANAGE AFFORDABLE RESIDENTIAL HOUSING UNITS AND RELATED FACILITIES FOR QUALIFIED LOW-INCOME FAMILIES. 0 0 5587607 3766034 PROVIDES AFFORDABLE HOUSING TO LOW-INCOME FAMILIES IN NORTHERNVERMONT. 5587607 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 23 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Trisha Ingalls 8024733925 PO BOX 86 Lydonville VT 05851 Louise Bonvechio President 5.00 X 0 0 0 Seleem Choudhury Interim VP/Secretary 5.00 X 0 0 0 Tim O'Neill Treasurer 5.00 X 0 0 0 Victoria Strong Director 5.00 X 0 0 0 Patricia Sears Director 5.00 X 0 0 0 Scott Campbell Director 5.00 X 0 0 0 Reverend Jeffrey Potter Director 5.00 X 0 0 0 Trisha Ingalls Chief Executive Officer 40.00 X 134616 0 0 134616 0 0 1 0 0 0 Blue Cross Blue Shield 101 Huntington Ave Boston MA 02119 Health Insruance 160691 1 1306531 1306531 TENANT RENT 531110 2935493 2935493 OTHER INCOME 531110 1257734 1257734 PROPERTY MANAGEMENT IN 531110 59265 59265 VACANCIES 531110 -486458 -486458 3766034 51187 51187 5123752 3766034 0 51187 1254862 1254862 607057 607057 471158 471158 621382 621382 GENERAL AND ADMINISTRAT 1358435 1358435 OPERATING AND MAINTENAN 804153 804153 TAXES AND INSURANCE 423997 423997 OTHER EXPENSES 46563 46563 5587607 5587607 0 0 2591072 2764653 377332 363621 4577378 4457436 122745 130382 19202252 5467019 13821732 13735233 563478 1291545 0 0 4723584 5246464 26777321 27989334 382220 461402 15739203 16924017 1630902 2042642 17752325 19428061 X 5509313 5080591 555000 555000 2960683 2925682 9024996 8561273 26777321 27989334 X -463855 132 X 0 1 X 1 0 X 2054581 2001841 1503827 1211588 1306531 8078368 2054581 2001841 1503827 1211588 1306531 8078368 8078368 -20272 73946 77151 31739 51187 213751 8292119 0.97420 0.97240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2919692 2919692 15667341 5034574 10632767 20468 7232 13236 594751 425213 169538 13735233 TENANT SECURITY DEPOSITS 93518 DUE FROM RELATED PARTIES 3422644 CONSTRUCTION IN PROGRESS 683131 DEFERRED INTEREST RECEIVABLE 419656 Development Fee Receivable 378000 In-places Leases 98515 HAP Contract 81000 Other Assets - Licenses 70000 5246464 TENANT SECURITY DEPOSITS 91420 DEFERRED INTEREST PAYABLE 700045 LINE OF CREDIT 858544 DUE FROM RELATED PARTIES 44678 REVOLVING LOAN FUND 59722 Deferred Development Fee 104233 Deferred Income 184000 2042642 X Part X, Line 2: Gilman Housing Trust, Inc. d/b/a RuralEdge, Groton Village Housing, Inc., Memphremagog Senior Housing, Inc., Passumpsic View, Inc. and Gilman Housing Corporation are exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code, as amended, except for income taxes on "unrelated business income", if any. For the years ended December 31, 2016 and 2015, these entities did not have any "unrelated business income" subject to income taxes; accordingly, no provision for income taxes for these entities have been included in the consolidated financial statements. Form 990, Part VI, Section A, line 7a The board of directors are elected by its members. Form 990, Part VI, Section B, line 11b The form 990 was reviewed by the CEO prior to submission. Form 990, Part VI, Section B, line 12c All transaction are reviewed to comply with the organization conflict of interest policy. Form 990, Part VI, Section B, line 15 The organization reviews compensation data of comparable organizations in the area. Form 990, Part VI, Section C, line 19 All organizing and operating documents are available to the public upon request. Form 990, Part XI, line 9: Investment in Darling Inn Company 132. Gilman Housing Corporation 48 Elm Street PO Box 259 Lyndonville VT 05851 222540936 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 Groton Village Housing Inc 48 Elm Street PO Box 259 Lyndonville VT 05851 043351391 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 Memphremagog Senior Citizen Housing Inc 48 Elm Street PO Box 259 Lyndonville VT 05851 030284101 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 NCDC inc 48 Elm Street PO Box 259 Lyndonville VT 05851 030271040 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 Passumpsic View Inc 48 Elm Street PO Box 259 Lyndonville VT 05851 800030492 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 Northeastern Vermont Housing Company 48 Elm Street PO Box 259 Lyndonville VT 05851 030356836 Affordable Housing VT 501(c)(3) Line 7 GHT Inc 0 NEWPORT FAMILY HOUSING LP 100 Bank Street Burlington VT 05401 272773648 Affordable Housing VT N/A N/A 0 0 Glover Housing Limited Partnership PO Box 259 Lyndonville VT 05851 203903332 Affordable Housing VT N/A N/A 0 0 Dean Hale LLC PO Box 86 Lyndonville VT 05851 204808022 Affordable Housing VT N/A Related -23711 460512 0 0 0.99990 Crystal Lake Housing LP 123 St Paul Street Burlington VT 05401 030361428 Affordable Housing VT N/A Related -42183 1159384 0 1 1.00000 Derby Housing LP PO Box 259 Lyndonville VT 05851 030334781 Affordable Housing VT N/A Related -20012 378507 0 1 1.00000 Moose River Housing LP 100 Bank Street Burlington VT 05401 030369688 Affordable Housing VT N/A Related -58 26452 0 1 0.02500 Mountainview St Jay Housing LP 100 Bank Street Burlington VT 05401 200229559 Affordable Housing VT N/A Related -47 21441 0 1 0.02500 Groton Community Housing LP 100 Bank Street Burlington VT 05401 061687666 Affordable Housing VT N/A Related -33419 695205 0 1 0.02500 Lakeview Housing Limited Partnership 123 St Paul Street Burlington VT 05401 030357740 Affordable Housing VT N/A Related -24121 1068189 0 1 1.00000 Caledonia Housing Partnership 123 St Paul Street Burlington VT 05401 030310520 Affordable Housing VT N/A Related -151026 833478 0 1 1.00000 Lyndon Housing Partnership PO Box 259 Lyndonville VT 05851 030310520 Affordable Housing VT N/A Related -95326 239090 0 1 1.00000 St Johnsbury Housing Partnership 123 St Paul Street Burlington VT 05401 030326181 Affordable Housing VT N/A Related -41910 304417 0 1 1.00000 Hilltop Family Housing LP PO Box 259 Lyndonville VT 05851 453089848 Affordable Housing VT N/A N/A 0 0 Darling Inn Company PO Box 259 Lyndonville VT 05851 030276684 Affordable Housing VT N/A Related -7934 19097 0 1 1.00000 Parkview Newport LLC PO Box 259 Lyndonville VT 05851 471625501 Affordable Housing VT N/A Related -50827 742657 0 1 1.00000 lyndon darling senior housing lp 48 elm street lyndonville VT 05851 473706566 affordable Housing VT N/A N/A 0 0 Gilman Property Management Inc PO Box 86 Lyndonville VT 05851 262530832 Management VT GHT Inc C 140569 1108836 1.00000 0 GHT HFH 2011 LLC 48 Elm Street Lyndonville VT 05851 453032307 Rental VT GHT Inc C -17 -135 1.00000 0 DIN 2015 LLC 48 Elm Street Lyndonville VT 05851 473697309 Rental VT GHT Inc C -5 715373 1.00000 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Gilman Property Management Inc D 786684 Cost Gilman Property Management Inc L 291805 Cost Gilman Property Management Inc E 928878 Cost Newport Family Housing LP D 91000 Cost