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VERMONT HOUSING FINANCE AGENCY

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Public IRS 990 nonprofit record

VERMONT HOUSING FINANCE AGENCY

EIN 03-0239902 · Housing & Shelter (L122)

What they do

to FINANCE and PROMOTE AFFORDABLE, SAFE and DECENT HOUSING OPPORTUNITIES for LOW- and MODERATE-INCOME VERMONTERS. to PROVIDE ELDERLY and LOW-INCOME PERSONS WITH HOUSING FACILITIES and SEVICES SPECIALLY DESIGNED to MEET THEIR PHYSICAL, SOCIAL, and PSYCHOLOGICAL NEED and to PROMOTE THEIR HEALTH, SAFETY, SECURITY HAPPINESS and USEFULNESS IN LONGER LIVING.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $98.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders15 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.00%of revenue went to mission work98.1% of expenses · Program services
$83.60spent for every $100 of revenueRevenue covered expenses this year.
1.60%of revenue went to management and office costs1.9% of expenses
$20.88in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $263,411 for MAURA COLLINS (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$40,403,284
Mission workProgram services$33,130,43082.00% of revenue98.1% of expenses
ManagementOffice and general costs$646,0701.60% of revenue1.9% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$6,626,78416.40% of revenueShown in gray on the chart
Total expenses$33,776,50083.60% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 83.60% of revenue
2023Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 76.19% of revenue
2022Expense mix: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 86.50% of revenue
2021Expense mix: 98.3% mission · 1.7% management · 0.0% fundraisingTotal expenses: 85.20% of revenue
2020Expense mix: 98.0% mission · 2.0% management · 0.0% fundraisingTotal expenses: 85.68% of revenue
2019Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 83.99% of revenue
2018Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 86.17% of revenue
2017Expense mix: 97.8% mission · 2.2% management · 0.0% fundraisingTotal expenses: 85.72% of revenue

Money in and money out

Revenue$40,403,284
Expenses$33,776,500
Annual surplus $6,626,784 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$33,130,430 · 98.1% of expenses
Management and office costs$646,070 · 1.9% of expenses
See all reported dollar amounts
Revenue$40,403,284
Expenses$33,776,500
Assets$705,400,189
Income$68,973,160
Mission work (program services)$33,130,430
Grants given$423,316
Average grant$423,316
Management and general$646,070
Accounting fees$86,805
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MAURA COLLINSEXECUTIVE DIRECTOR · 50 hrs/week $263,411Base $217,916 · Other $45,495
CHRIS FLANNERYCHIEF FINANCIAL OFFICER · 50 hrs/week $193,387Base $166,072 · Other $27,315
GEORGE DEMASGENERAL COUNSEL · 50 hrs/week $176,759Base $158,050 · Other $18,709
DEBORAH FLANNERYMANAGING DIRECTOR OF COMMUNITY DEVELOPMENT · 50 hrs/week $176,437Base $159,606 · Other $16,831
JACKLYN SANTERREMANAGING DIRECTOR OF HOMEO · 50 hrs/week $169,719Base $134,282 · Other $35,437

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (15)

MAURA COLLINSEXECUTIVE DIRECTOR

CHRIS FLANNERYCHIEF FINANCIAL OFFICER

GEORGE DEMASGENERAL COUNSEL

DEBORAH FLANNERYMANAGING DIRECTOR OF COMMUNITY DEVELOPMENT

JACKLYN SANTERREMANAGING DIRECTOR OF HOMEO

CHRISTOPHER GOMEZCOMMISSIONER

FRED BASERCOMMISSIONER

GUSTAVE SEELIGCOMMISSIONER

JEANNE MORRISSEYCOMMISSIONER

KAJ SAMSONCOMMISSIONER

KATIE STUART-BUCKLEYCOMMISSIONER

KEVIN GAFFNEYOUTGOING COMMISSIONER

LINDSAY KURRLECOMMISSIONER

MARIE MILORD-AJANMACOMMISSIONER

MICHAEL PIECIAKCOMMISSIONER

About this charity

Recognized since
January 2002
Location
164 ST PAUL ST POBOX 408, BURLINGTON, VT 05401-4634
County
Chittenden
In care of
% THE HOUSING FOUNDATION INC
Primary officer
CHRIS FLANNERY, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
COHNREZNICK ADVISORY LLC
NTEE classification
Housing & Shelter (L122)
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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