Gilman Housing Trust Inc

Organization Overview

Gilman Housing Trust Inc, operating under the name Rural Edge, is located in Lyndonville, VT. The organization was established in 1986. 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, Rural Edge employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Edge 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, Rural Edge generated $7.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $5.5m during the year ending 12/2021. While expenses have increased by 0.3% 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

TO DEVELOP, OWN AND MANAGE AFFORDABLE RESIDENTIAL HOUSING UNITS AND RELATED FACILITIES FOR QUALIFIED LOW-INCOME FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES AFFORDABLE HOUSING TO LOW-INCOME FAMILIES IN NORTHERN VERMONT.


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Board, Officers & Key Employees

Name (title)Compensation
Patrick Shattuck
Executive Director
$113,921
Diana Cazaudumec
Director Of Finance
$96,492
Tim O'neill
President
$0
Patricia Sears
Secretary
$0
Megan Maclure
Treasurer
$0
Louise Bonvechio
Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,130,370
All other contributions, gifts, grants, and similar amounts not included above$415,162
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,545,532
Total Program Service Revenue$3,976,227
Investment income $9,615
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $137,784
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,737,741

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Gilman Housing Trust Inc has recieved totaling $70,000.

Awarding OrganizationAmount
New Hampshire Charitable Foundation

Concord, NH

PURPOSE: To support preventative medical services

$70,000
View Grant Recipient Profile

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