Windham & Windsor Housing Trust Inc
- Assets
- $23.8m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 35
- Location
- Brattleboro, VT
- Founding
- 02/1989
- Data as of
- 12/2021
- EIN
- 22-2878487
Organization Overview
Windham & Windsor Housing Trust Inc is located in Brattleboro, VT. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Windham & Windsor Housing Trust Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Windham & Windsor Housing Trust 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, Windham & Windsor Housing Trust Inc generated $4.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 9.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WINDHAM AND WINDSOR HOUSING TRUST (WWHT) STRENGTHENS THE COMMUNITIES OF SOUTHEAST VERMONT THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOUSING AND THROUGH ONGOING SUPPORT AND ADVOCACY FOR ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING: ACCOUNTS FOR ALL LENDING ACTIVITY RELATED TO THE REHAB LOAN FUND PROGRAM. IN 2021, OUR LENDING DOCUMENTATION SUCCESSFULLY PASSED ALL FEDERAL AND STATE MONITORING AND LICENSING INSPECTIONS. THE LENDING PROGRAM ALSO PROVIDES CONSTRUCTION MANAGEMENT SERVICES FOR ALL BORROWERS TO ENSURE THE SCOPE OF WORK MEETS ALL FEDERAL AND STATE REQUIREMENTS.
PROPERTY MANAGEMENT: ACCOUNTS FOR ALL ACTIVITY RELATING TO LEASING AND MAINTAINING RENTAL HOUSING UNITS. IN 2021, OUR BUILDINGS AND TENANT DOCUMENTATION SUCCESSFULLY PASSED ALL FEDERAL AND STATE AGENCY MONITORING INSPECTIONS. THE PROPERTY MANAGEMENT DEPARTMENT HIRED TWO SUPPORTIVE SERVICES STAFF IN EARLY 2021, ENABLING THE DEPARTMENT TO PROVIDE SUPPORTIVE SERVICES FOR HOUSEHOLDS THROUGH COORDINATION OF BENEFIT APPLICATIONS, HOUSEHOLD BUDGETING, TENANT MEDIATION, ADVOCACY WITH SERVICE AGENCIES FOR THE DISABLED, ELDERLY, FAMILIES, INDIVIDUALS, AND FOR COMMUNITY RESIDENTS FACING HOMELESSNESS. THESE SERVICES WERE CRITICAL, PARTICULARLY AS THE PANDEMIC CONTINUED AND MANY RESIDENTS NEEDED HELP ACCESSING EMERGENCY RENTAL ASSISTANCE TO RETAIN THEIR HOUSING.
HOUSING DEVELOPMENT: ACCOUNTS FOR ALL ACTIVITY RELATING TO ACQUISITION AND REHABILITATION OR CONSTRUCTION OF HOUSING UNITS. IN 2021 WWHT RECEIVED CARES ACT FUNDING TO RENOVATE AN EXISTING MOTEL INTO 35 UNITS TO HOUSE INDIVIDUALS EXPERIENCING HOMELESSNESS.
HOMEOWNERSHIP: ACCOUNTS FOR ALL ACTIVITY RELATING TO FACILITATING THE OWNERSHIP & STEWARDSHIP OF SINGLE FAMILY HOMES, FACILITATING HOME PURCHASE AND IMPROVEMENT LOANS AND PROVIDING HOUSING COUNSELING SERVICES TO LOCAL HOMEBUYERS AND HOMEOWNERS THROUGH THE COMMUNITY LAND TRUST MODEL AND FACILITATING GRANTS TO MULTIFAMILY PROPERTY OWNERS TO MAKE HEALTH AND SAFETY REPAIRS TO APARTMENTS. IN 2021, THE HOMEOWNERSHIP PROGRAM SUCCESSFULLY PASSED ALL FEDERAL AND STATE MONITORING INSPECTIONS. SUPPORT AND SERVICES AT HOME (SASH): ACCOUNTS FOR ALL ACTIVITY RELATED TO PROVIDING A SEAMLESS SYSTEM OF AT-HOME SERVICE AND SUPPORT SO INDIVIDUALS CAN REMAIN IN THEIR HOMES THROUGHOUT THEIR LIVES. THESE SERVICES WERE CRITICAL TO MAINTAINING RESIDENT HEALTH AND SAFETY DURING THE PANDEMIC. THE SASH COORDINATOR AND PART TIME WELLNESS NURSE HELPED MANY RESIDENTS ACCESS MEDICAL SERVICES, REDUCE ISOLATION, AND STAY CONNECTED TO THEIR COMMUNITY OVER THE LAST YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Bridgewater Executive Di | Officer | 40 | $110,554 |
Debbie Boyle Treasurer | OfficerTrustee | 1 | $0 |
Margaret Clark Vice Preside | OfficerTrustee | 1 | $0 |
Kate Jellema Secretary | OfficerTrustee | 1 | $0 |
Victor Morrison President | OfficerTrustee | 1 | $0 |
Chuck Collins Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nbf Architects Pc Architectural | 12/30/21 | $109,165 |
Gpi Construction Inc Construction | 12/30/21 | $583,153 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,091,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $841,789 |
| Noncash contributions included in lines 1a–1f | $44,533 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,933,008 |
| Total Program Service Revenue | $1,627,217 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $53,308 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,615,942 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,018,961 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,654 |
| Compensation of current officers, directors, key employees. | $84,925 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,436,973 |
| Pension plan accruals and contributions | $18,871 |
| Other employee benefits | $244,701 |
| Payroll taxes | $116,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,800 |
| Fees for services: Accounting | $25,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,468 |
| Advertising and promotion | $8,391 |
| Office expenses | $97,157 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $321,348 |
| Travel | $8,105 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,108 |
| Interest | $10,808 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,662 |
| Insurance | $21,248 |
| All other expenses | $11,196 |
| Total functional expenses | $4,304,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,762 |
| Savings and temporary cash investments | $2,780,749 |
| Pledges and grants receivable | $299,064 |
| Accounts receivable, net | $208,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,632,196 |
| Inventories for sale or use | $11,868 |
| Prepaid expenses and deferred charges | $27,817 |
| Net Land, buildings, and equipment | $7,206,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,192,306 |
| Intangible assets | $0 |
| Other assets | $1,243,308 |
| Total assets | $23,778,694 |
| Accounts payable and accrued expenses | $214,041 |
| Grants payable | $0 |
| Deferred revenue | $120,881 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $559,714 |
| Unsecured mortgages and notes payable | $69,671 |
| Other liabilities | $0 |
| Total liabilities | $964,307 |
| Net assets without donor restrictions | $16,175,579 |
| Net assets with donor restrictions | $6,638,808 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,778,694 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Windham & Windsor Housing Trust Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: UNRESTRICTED | | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |