EIN 03-0239902

Vermont Housing Finance Agency (VHFA)

Name: Vermont Housing Finance Agency (VHFA) financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Burlington

State

Vermont

Year formed

1974

Most recent tax filings

2023-06-01

NTEE code, primary

L80: Housing Support Services

Description

Vermont Housing Finance Agency (VHFA) was established to finance and promote affordable housing opportunities for low- and moderate-income Vermonters. Since its inception, VHFA has assisted approximately 28,000 Vermonters and their families purchase primary residences. It has also provided financing, development and management support, subsidy administration and tax credits to approximately 8,600 units of multifamily rental housing. Vermont Housing Finance Agency's mission is to finance and promote affordable, safe and decent housing opportunities for low- and moderate-income Vermonters.

Total revenues

$55,948,964

2023

Total expenses

$48,393,165

2023

Total assets

$515,556,034

2023

Num. employees

2023

Program areas at VHFA

Monies from the single family, multi-family, multi-purpose, and general operating program funds have been used by the Agency to purchase mortgage backed securities and Finance mortgage loans on single and multi-family residential Housing units for persons and families of low and moderate income within the state of Vermont.

The Agency participates in the following federal funding programs under the american rescue plan act (arpa): homeowner assistance program (hap), missing middle Housing, and capital magnet fund.

Who funds Vermont Housing Finance Agency (VHFA)

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
The University of Vermont Medical Center (UVM)	2023-09	Community Health Improvement	$17,000

Personnel at VHFA

Name	Title	Compensation	Date of data
Chris Flannery	Chief Financial Officer	$149,710	2024-05-01
Jacklyn Santerre	Managing Director of Homeownership	$111,755	2023-06-30
Maura Collins	Executive Director of the	$160,507	2024-08-20
Chien, Dave	Director of Information Technology		2023-04-16
Kimberly A. Roy	Director of Asset Management and Compliance Multifamily Programs		2023-04-16
...and 11 more key personnel

Financials for VHFA

Revenues	FYE 06/2023	FYE 06/2022	% Change
Total grants, contributions, etc.	$0	$0	-
Program services	$52,761,373	$37,452,030	40.9%
Investment income and dividends	$2,326,385	$553,761	320.1%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$861,206	$1,277,532	-32.6%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$0	$0	-
Total revenues	$55,948,964	$39,283,323	42.4%

Form 990s for VHFA

Fiscal year ending	Date received by IRS	Form	PDF link
2023-06	2024-05-01	990	View PDF
2022-06	2023-05-11	990	View PDF
2021-06	2022-05-04	990	View PDF
2020-06	2021-05-11	990	View PDF
2019-06	2020-11-13	990	View PDF
...and 7 more Form 990s

Organizations like VHFA

Organization	Type	Location	Revenue
Rocky Mountain Community Reinvestment Corporation (RMCRC)	501(c)(3)	Salt Lake City, UT	$16,862,552
All Chicago Making Homelessness History	501(c)(3)	Chicago, IL	$115,475,235
Northeast Denver Housing Center	501(c)(3)	Denver, CO	$26,283,688
ACTION Housing	501(c)(3)	Pittsburgh, PA	$50,221,472
Community Development Corporation of Utah	501(c)(3)	Salt Lake City, UT	$14,493,892
Central Valley Coalition for Affordable Housing	501(c)(3)	Merced, CA	$31,106,692
Dreamkey Partnership (CMHP)	501(c)(3)	Charlotte, NC	$81,319,767
Baltimore Regional Housing Partnership	501(c)(3)	Baltimore, MD	$88,684,545
People Acting in Community Endeavors	501(c)(3)	New Bedford, MA	$100,763,374
Philadelphia Housing Development Corporation (PHDC)	501(c)(3)	Philadelphia, PA	$179,724,189

Data update history

August 19, 2024

Posted financials

Added Form 990 for fiscal year 2023

April 18, 2024

Updated personnel

Identified 1 new personnel

July 17, 2023

Posted financials

Added Form 990 for fiscal year 2021

July 8, 2023

Posted financials

Added Form 990 for fiscal year 2022

April 16, 2023

Updated personnel

Identified 2 new personnel

Nonprofit Types

Housing and shelter organizationsCharities

Issues

Human servicesHousing

Characteristics

State / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 164 St Paul St; Burlington, VT 05401
Metro area: Burlington-South Burlington, VT
County: Chittenden County, VT
Website URL: vhfa.org/contact/vhfa
Phone: (802) 864-5743
Facebook page: vermonthousingfinanceagency
Twitter profile: @vhfa

IRS details

EIN: 03-0239902
Fiscal year end: June
Taxreturn type: Form 990
Year formed: 1974
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L80: Housing Support Services
NAICS code, primary: 522120: Savings Institutions
Parent/child status: Independent

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Vermont Housing Finance Agency (VHFA)

Program areas at VHFA

Who funds Vermont Housing Finance Agency (VHFA)

Personnel at VHFA

Financials for VHFA

Form 990s for VHFA

Organizations like VHFA

Nonprofits

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