The Housing Foundation Incorporated

Organization Overview

The Housing Foundation Incorporated is located in Montpelier, VT. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 09/2021, Housing Foundation Incorporated generated $7.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $6.4m during the year ending 09/2021. While expenses have increased by 0.7% per year over the past 6 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 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL OF LOW INCOME HOUSING. AT THE CLOSE OF THE YEAR, THE CORPORATION OWNED AND/OR OPERATED 1,240 UNITS OF HOUSING.


ACQUISITION OF LOW INCOME HOUSING STOCK FOR THE PURPOSE OF PRESERVING AFFORDABLE HOUSING.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Jonathan Bond
Executive Di
$95,000
Mary Houghton
VP
$0
Alison Bell
President
$0
Robert Dostis
Sec./treas.
$0
David Muzzy
Board Member
$0
Charles Grenier
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Vermont State Housing Authority
Acct./mgmnt
$861,581
Green Mountain Power Corp
General Contrac
$123,664
Alpine Building Restoration Inc
Masonry
$268,460
Myers Containers Service Corp
Waste Managemen
$105,069
Walker Construction Inc
Construction
$115,568
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $44,557
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$44,557
Total Program Service Revenue$7,119,437
Investment income $8,232
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $37,872
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,210,098

Grants Recieved

Over the last fiscal year, we have identified 1 grants that The Housing Foundation Incorporated has recieved totaling $5,461.

Awarding OrganizationAmount
National Association For The Exchange Of Industrial Resources I

Galesburg, IL

PURPOSE: CARE OF ILL, NEEDY, OR MINOR

$5,461
View Grant Recipient Profile

Create an account to unlock the data you need.

or