Vermont Community Loan Fund Inc

Organization Overview

Vermont Community Loan Fund Inc is located in Montpelier, 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 12/2021, Vermont Community Loan Fund Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vermont Community Loan Fund 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, Vermont Community Loan Fund Inc generated $6.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.9m during the year ending 12/2021. While expenses have increased by 0.7% 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.

Since 2016, Vermont Community Loan Fund Inc has awarded 41 individual grants totaling $1,089,168. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.


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Board, Officers & Key Employees

Name (title)Compensation
William Belongia
Executive Di
$186,127
Jake Ide
Employee
$111,262
Katherine Nelson
Employee
$103,910
Alec Barclay
Secretary
$0
Gwen Pokalo
Treasurer
$0
Janet Spitler
President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,589,110
All other contributions, gifts, grants, and similar amounts not included above$775,796
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,364,906
Total Program Service Revenue$1,835,398
Investment income $56,574
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 $6,288,284

Grants Awarded

Over the last fiscal year, Vermont Community Loan Fund Inc has awarded $140,314 in support to 3 organizations.

Grant RecipientAmount

CENTER FOR AGRICULTURE ECONOMY LTD

Org PageRecipient Profile

Hardwick, VT

|

$96,164

AGRICULTURAL DIGESTERS LLC

|

|

$22,150

NE FARM ENERGY

|

|

$22,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Vermont Community Loan Fund Inc has recieved totaling $55,506.

Awarding OrganizationAmount
O P & W E Edwards Foundation Inc

Red Lodge, MT

PURPOSE: PHILANTHROPIC PURPOSE

$30,000
Vermont Community Foundation

Middlebury, VT

PURPOSE: GENERAL PURPOSE

$13,000
$10,000
Bay Colony Development Corp

Waltham, MA

PURPOSE: ECONOMIC DEVELOPMENT

$2,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$6
View Grant Recipient Profile

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