Housing Trust Of Rutland County Inc

Organization Overview

Housing Trust Of Rutland County Inc is located in Rutland, VT. The organization was established in 1981. 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 12/2021, Housing Trust Of Rutland County Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Trust Of Rutland County Inc 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 12/2021, Housing Trust Of Rutland County Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE ORGANIZATION IS TO ASSIST LOWER INCOME PEOPLE BY PROVIDING AND PRESERVING AFFORDABLE ACCESS TO SAFE, DECENT, AND ATTRACTIVE HOUSING. ITS MISSION IS ACCOMPLISHED PRIMARILY BY SOLICITING GRANTS AND LOW INTEREST LOANS FROM RESOURCE PROVIDERS SERVING VERMONT. THESE GRANTS AND LOW INTEREST LOANS EITHER MINIMIZE OR ELIMINATE DEBT SERVICE ASSOCIATED WITH SUBJECT PROPERTIES THEREBY REDUCING OPERATING COSTS OF HOUSING FOR LOWER INCOME FAMILIES AND INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED AFFORDABLE HOUSING THROUGH A RENTAL PROGRAM AND GROUND LEASE PROGRAM.


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Board, Officers & Key Employees

Name (title)Compensation
Mary Cohen
Executive Director
$93,584
Kevin Rooney
Director Of Operations
$90,582
Erika Lamb
Director Of Finance
$71,909
Candace Neary
Director
$0
Cathy Reynolds
Director
$0
Bill Burke
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,467,100
All other contributions, gifts, grants, and similar amounts not included above$252,409
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,719,509
Total Program Service Revenue$1,931,942
Investment income $1,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,652,583

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Housing Trust Of Rutland County Inc has recieved totaling $11,033.

Awarding OrganizationAmount
American Endowment Foundation

Hudson, OH

PURPOSE: HOUSING, SHELTER

$10,500
Carris Foundation Inc

Proctor, VT

PURPOSE: TO SUPPORT IN PROVIDING AFFORDABLE HOUSING TO THE COMMUNITY IN RUTLAND

$500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

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