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TO FINANCE AND PROMOTE AFFORDABLE, SAFE AND DECENT HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME VERMONTERS
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$55.9M
Program Spending
99%
of total expenses go to program services
Total Contributions
$0
Total Expenses
▼$48.4M
Total Assets
$515.6M
Total Liabilities
▼$411M
Net Assets
$104.5M
Officer Compensation
→$405.5K
Other Salaries
$4.1M
Investment Income
$3.2M
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$13M
Awards Found
3
Department of the Treasury
$4.5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$4.5M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$4M
PURPOSE: TO ATTRACT FINANCING FOR AND INCREASE INVESTMENT IN AFFORDABLE HOUSING FOR PRIMARILY LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME PEOPLE AND FOR CERTAIN RELATED ECONOMIC AND COMMUNITY DEVELOPMENT ACTIVITIES. PLANNED ACTIVITIES: THROUGH COMPETITIVE GRANTS, THE CAPITAL MAGNET FUND (CMF) PROVIDES CAPITAL TO FINANCE AND SUPPORT AFFORDABLE HOUSING AND RELATED ECONOMIC DEVELOPMENT. END GOALS: EXPECTED OUTCOMES INCLUDE INCREASED PRIVATE INVESTMENT IN THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE RENTAL HOUSING AND HOMEOWNERSHIP. BENEFICIARIES: CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION; PRIVATE NONPROFIT HOUSING ORGANIZATIONS, PUBLIC NONPROFIT INSTITUTION/ORGANIZATION. LOW INCOME, VERY LOW INCOME, AND EXTREMELY LOW INCOME INDIVIDUALS AND FAMILIES AS SET FORTH IN 12 C.F.R. PART 1807, AS AMENDED. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
9
Clean Audits
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2024 | Clean | Unmodified (Clean) | $11.4M | Yes | 2024-10-24 |
| 2023 | Clean | Unmodified (Clean) | $28.5M | Yes | 2023-10-31 |
| 2022 | Clean | Unmodified (Clean) | $15.8M | Yes | 2022-10-26 |
| 2021 | Clean | Unmodified (Clean) | $6.8M | Yes | 2021-10-20 |
| 2020 | Clean | Unmodified (Clean) | $2.6M | Yes | 2020-11-10 |
| 2019 | Clean | Unmodified (Clean) | $2.7M | Yes | 2019-10-06 |
| 2018 | Clean | Unmodified (Clean) | $2.7M | Yes | 2018-10-04 |
| 2017 | Clean | Unmodified (Clean) | $2.7M | Yes | 2017-10-22 |
| 2016 | Clean | Unmodified (Clean) | $2.9M | Yes | 2016-10-13 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$11.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$28.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$15.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.6M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.9M
Tax Year 2022 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: SOUNK
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $55.9M | $0 | $48.4M | $515.6M | $104.5M |
| 2022IRS e-File | $55.9M | $0 | $48.4M | $515.6M | $104.5M |
| 2021 | $30.6M | $0 | $26.2M | $515.9M | $115.6M |
| 2020 | $30.4M | $0 | $25.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | PDF not yet published by IRSView Filing → |
| 2023 | 990 | DataIRS e-File | |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Maura Collins | Officer | 50 | $160.5K | $0 | $46.4K | $206.9K |
| Chris Flannery | Officer | 50 | $149.7K | $0 | $22.6K | $172.3K |
Maura Collins
Officer
$206.9K
Hrs/Wk
50
Compensation
$160.5K
Related Orgs
$0
Other
$46.4K
Chris Flannery
Officer
$172.3K
Hrs/Wk
50
Compensation
$149.7K
Related Orgs
$0
Other
$22.6K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| George Demas | General Counsel | 50 | $142.6K | $0 | $20.8K | $163.4K |
| Jacklyn Santerre | Managing Director Of Homeo | 50 | $111.8K | $0 | $31.6K | $143.4K |
| Seth Leonard | Managing Director Of Community Development | 50 | $112.7K | $0 | $21.4K | $134.1K |
George Demas
General Counsel
$163.4K
Hrs/Wk
50
Compensation
$142.6K
Related Orgs
$0
Other
$20.8K
Jacklyn Santerre
Managing Director Of Homeo
$143.4K
Hrs/Wk
50
Compensation
$111.8K
Related Orgs
$0
Other
$31.6K
Seth Leonard
Managing Director Of Community Development
$134.1K
Hrs/Wk
50
Compensation
$112.7K
Related Orgs
$0
Other
$21.4K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Fred Baser | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Gustave Seelig | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Jeanne Morrissey | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Katie Stuart-Buckley | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Kevin Gaffney | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Lindsay Kurrle | Commissioner |
Fred Baser
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gustave Seelig
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jeanne Morrissey
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $617.9M |
| $113.2M |
| 2019 | $29.6M | $0 | $25.5M | $576.6M | $99.3M |
| 2018 | $27M | $0 | $23.2M | $536.9M | $86M |
| 2017 | $28.4M | $0 | $22.2M | $517.1M | $88M |
| 2016 | $33.2M | $0 | $25M | $546.6M | $88.8M |
| 2015 | $31.4M | $0 | $27.9M | $551M | $80.6M |
| 2014 | $35.5M | $0 | $31.4M | $563.9M | $77.1M |
| 2013 | $31.9M | $0 | $37M | $631.2M | $73.1M |
| 2012 | $46.2M | $0 | $44.8M | $752.8M | $86.7M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Marie Milord-Ajanma | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Michael Pieciak | Commissioner | 1 | $0 | $0 | $0 | $0 |
| Thomas Leavitt | Commissioner | 1 | $0 | $0 | $0 | $0 |
Katie Stuart-Buckley
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Gaffney
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lindsay Kurrle
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marie Milord-Ajanma
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Pieciak
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Thomas Leavitt
Commissioner
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0