Downstreet Housing & Community Development Inc

Organization Overview

Downstreet Housing & Community Development Inc is located in Barre, VT. The organization was established in 1988. 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, Downstreet Housing & Community Development Inc employed 33 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, Downstreet Housing & Community Development Inc generated $4.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $3.9m during the year ending 12/2019. While expenses have increased by 1.1% per year over the past 5 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

2019

Describe the Organization's Mission:

Part 3 - Line 1

DOWNSTREET STRENGTHENS THE COMMUNITIES OF CENTRAL VERMONT BY ENGAGING WITH PEOPLE, PROVIDING AFFORDABLE HOMES, AND CONNECTING PEOPLE TO THE RESOURCES AND SERVICES THEY NEED TO THRIVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT - ACCOUNTS FOR THE SERVICES PROVIDED TO OTHER PROPERTIES IN WHICH DOWNSTREET IS AN INVESTOR.


PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS OF THE FOLLOWING PROJECTS: BROMUR, VERDMONT, LIMEHURST MOBILE HOME PARK, HILLSIDE, BRIDGE STREET, GUIDICI, LAUREL STREET, GOOD NEIGHBORS, PHOENIX HOUSE, AND WHISTLESTOP MOBILE HOME PARK.


HOMEOWNERSHIP - ACCOUNTS FOR THE ACTIVITIES OF DOWNSTREET'S HOMEOWNERSHIP CENTER.


PROJECT DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF DOWNSTREET FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Eileen Peltier
Executive Di
$123,108
Lori Belding
Secretary
$0
Kevin Lunn
Treasurer
$0
Daniel Barlow
President
$0
Tom Stevens
Vice Preside
$0
Anna Noonan Until March 2019
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $986,291
All other contributions, gifts, grants, and similar amounts not included above$980,687
Noncash contributions included in lines 1a–1f $51,177
Total Revenue from Contributions, Gifts, Grants & Similar$1,966,978
Total Program Service Revenue$2,160,424
Investment income $15,087
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$256,308
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,841,901

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Downstreet Housing & Community Development Inc has recieved totaling $392,480.

Awarding OrganizationAmount
Neighborhood Reinvestment Corp

Washington, DC

PURPOSE: TEMPORARILY RESTRICTED

$225,000
Neighborhood Reinvestment Corp

Washington, DC

PURPOSE: UNRESTRICTED

$158,980
Fidelity Investments Charitable Gift Fund

Boston, MA

PURPOSE: For grant recipient's exempt purposes

$8,000
Community Bank N A Foundation Of New England Inc

South Burlington, VT

PURPOSE: OPERATIONS

$500
View Grant Recipient Profile

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