Gilman Housing Trust Inc

Organization Overview

Gilman Housing Trust Inc 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 12/2019, Gilman Housing Trust Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Gilman Housing Trust Inc generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

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
$95,307
Diana Cazaudumec
Director Of Finance
$83,476
Patrick Flood
Outgoing Executive Director
$6,000
Tim O'neill
Treasurer
$0
Patricia Sears
Vice President/secretary
$0
Louise Bonvechio
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $70,000
All other contributions, gifts, grants, and similar amounts not included above$744,074
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$814,074
Total Program Service Revenue$2,375,883
Investment income $66,176
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 $3,256,133

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Gilman Housing Trust Inc has recieved totaling $236,937.

Awarding OrganizationAmount
Vermont Community Foundation

Middlebury, VT

PURPOSE: GEN. PURPOSE

$225,000
Preservation Trust Of Vermont Inc

Burlington, VT

PURPOSE: Preservation

$11,937
View Grant Recipient Profile

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