Loading organization details...
Loading organization details...
To strengthen the development of a regional economy by promoting safe, efficient and stable housing and community projects through education, technical assistance, and financial services.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$5.7M
Program Spending
94%
of total expenses go to program services
Total Contributions
$4.9M
Total Expenses
▼$5.3M
Total Assets
$19.7M
Total Liabilities
▼$8.5M
Net Assets
$11.2M
Officer Compensation
→$136.4K
Other Salaries
$804.5K
Investment Income
$120.8K
Fundraising
▼N/A
Tax Year 2024 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $24K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
Housing Trust of Rutland County Inc | Rutland, VT | $24K | Cash | Rental Rehab |
| Total | $24K | |||
Housing Trust of Rutland County Inc
Rutland, VT
$24K
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$14.1M
Awards Found
7
Department of Energy
$9M
TAS::89 0331::TAS RECOVERY RECOVERY ACT: EECBG- RUTLAND RETROFIT RAMP-UP
Department of the Treasury
$781K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH INVESTMENT IN AND FINANCIAL ASSISTANCE TO COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS). ACTIVITIES TO BE PERFORMED: FINANCIAL ASSISTANCE MUST BE USED FOR FINANCIAL PRODUCTS, FINANCIAL SERVICES (REGULATED INSTITUTIONS ONLY), DEVELOPMENT SERVICES, LOAN LOSS RESERVES, AND CAPITAL RESERVES (REGULATED INSTITUTIONS ONLY), IN AN ELIGIBLE MARKET OR THE RECIPIENT’S APPROVED TARGET MARKET. END GOALS: THE GOAL OF THE FINANCIAL ASSISTANCE IS FOR CDFIS TO BUILD THEIR FINANCIAL CAPACITY TO LEND TO ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE RURAL AND URBAN LOW-INCOME PEOPLE, AND COMMUNITIES ACROSS THE NATION THAT LACK ADEQUATE ACCESS TO AFFORDABLE FINANCIAL PRODUCTS AND FINANCIAL SERVICES. BENEFICIARIES: PROFIT ORGANIZATION, PRIVATE NONPROFIT INSTITUTION/ORGANIZATION, OTHER PRIVATE INSTITUTION/ORGANIZATION. INVESTMENT AREAS AND TARGETED POPULATIONS, AS DEFINED IN 12 C.F.R. 1805. SUBRECIPIENTS: THERE ARE NO SUBRECIPIENTS FOR THIS PROGRAM. BROADBAND: SPECIFIC ACTIVITIES RELATING TO BROADBAND USAGE ARE NOT KNOWN AT THE TIME OF AWARD. REASON FOR MODIFICATION: THE RIEGLE ACT (P.L. 103-325), THE STATUTE WHICH AUTHORIZES THE CDFI PROGRAM, REQUIRES THAT FINANCIAL ASSISTANCE AWARDS, INCLUDING BASE FINANCIAL ASSISTANCE (BASE-FA), DISABILITY FUNDS-FINANCIAL ASSISTANCE (DF-FA), AND PERSISTENT POVERTY COUNTIES-FINANCIAL ASSISTANCE (PPC-FA), BE MATCHED WITH FUNDS FROM NON-FEDERAL GOVERNMENT SOURCES AND COMPARABLE IN FORM AND VALUE TO THE FA AWARD. MODIFICATIONS WOULD BE REQUIRED IF THERE IS A CHANGE IN THE FORM AND/OR AMOUNT ORIGINALLY OBLIGATED FOR THE AWARD, BASED ON APPROVED MATCHING FUNDS. NOTE: MATCHING FUNDS ARE REQUIRED ONLY FOR ORGANIZATIONS APPLYING AS CATEGORY II/CORE FA APPLICANTS UNDER THE CDFI PROGRAM. MATCHING FUNDS ARE NOT REQUIRED FOR ANY NATIVE CDFI APPLICANTS OR HOUSING PRODUCTION-FINANCIAL ASSISTANCE AWARDS (HP-FA). ADDITIONALLY, MATCHING FUNDS ARE NOT REQUIRED FOR SMALL AND EMERGING CDFI ASSISTANCE (SECA) FA APPLICANTS AND HEALTHY FOOD FINANCING INITIATIVES (HFFI) FA APPLICANTS, PENDING FINAL FY 2025 APPROPRIATIONS LANGUAGE.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $2.8M | Yes | 2026-06-30 |
| 2024 | Clean | Unmodified (Clean) | $4.7M | Yes | 2025-06-30 |
| 2023 | Clean | Unmodified (Clean) | $3M | Yes | 2024-07-11 |
| 2022 | Clean | Unmodified (Clean) | $2.1M | Yes | 2023-07-10 |
| 2021 | Clean | Unmodified (Clean) | $2.1M | Yes | 2022-06-27 |
| 2020 | Clean | Unmodified (Clean) | $2.7M | Yes | 2021-05-12 |
| 2019 | Clean | Unmodified (Clean) | $1.3M | Yes | 2020-09-27 |
| 2018 | Clean | Unmodified (Clean) | $1.7M | Yes | 2019-09-18 |
| 2017 | Clean | Unmodified (Clean) | $1.1M | Yes | 2018-07-24 |
| 2016 | Clean | Unmodified (Clean) | $1.8M | Yes | 2017-07-16 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.8M
Financial Report
Unmodified (Clean)
Federal Expenditure
$4.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Tax Year 2024 · 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: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $5.7M | $4.9M | $5.3M | $19.7M | $11.2M |
| 2023IRS e-File | $3.5M | $3M | $3.9M | $17.5M | $10.9M |
| 2022 | $2.8M | $2M | $2.8M | $17.3M | $11.2M |
| 2021 | $4M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Mary Cohen | Executive Director | 20 | $0 | $130.4K | $23.9K | $154.3K |
| Melanie Paskevich | Chief Prog. Off./past Interim Ed | 40 | $114.6K | $0 | $21.8K | $136.4K |
| Cathy Reynolds | Co-vice President | 2 | $0 | $0 | $0 | $0 |
| Keri Franzoni | Co-vice President | 2 | $0 | $0 | $0 | $0 |
| Dylan Watts | Co-treasurer | 2 | $0 | $0 | $0 | $0 |
| Melinda Humphrey | Co-treasurer | 2 | $0 | $0 | $0 | $0 |
| Gabrielle Gladding | Co-secretary | 2 | $0 | $0 | $0 | $0 |
| Donnaleen Farwell | Co-secretary | 2 | $0 | $0 | $0 | $0 |
| Bill Gross | Co-president | 2 | $0 | $0 | $0 | $0 |
| Jennifer Yakunovich | Co-president | 2 | $0 | $0 | $0 | $0 |
Mary Cohen
Executive Director
$154.3K
Hrs/Wk
20
Compensation
$0
Related Orgs
$130.4K
Other
$23.9K
Melanie Paskevich
Chief Prog. Off./past Interim Ed
$136.4K
Hrs/Wk
40
Compensation
$114.6K
Related Orgs
$0
Other
$21.8K
Cathy Reynolds
Co-vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Keri Franzoni
Co-vice President
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Dylan Watts
Co-treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Melinda Humphrey
Co-treasurer
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Gabrielle Gladding
Co-secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Donnaleen Farwell
Co-secretary
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Bill Gross
Co-president
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jennifer Yakunovich
Co-president
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Cheryl Hooker | Director | 2 | $0 | $0 | $0 | $0 |
| Jake Pluta | Director | 2 | $0 | $0 | $0 | $0 |
| Jessica Anderson | Director | 2 | $0 | $0 | $0 | $0 |
| Karen Bartlett | Director | 2 | $0 | $0 | $0 | $0 |
| Karin Stamy | Past Director | 2 | $0 | $0 | $0 | $0 |
| Norm Lash | Director | 2 |
Cheryl Hooker
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jake Pluta
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jessica Anderson
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
| $3.1M |
| $3.3M |
| $16.9M |
| $11.2M |
| 2020 | $4.1M | $2.9M | $3.6M | $17.7M | $10.5M |
| 2019 | $2.3M | $1.2M | $2.5M | $17.9M | $10M |
| 2018 | $3.6M | $2.2M | $3.9M | $17.2M | $10.1M |
| 2017 | $3.2M | $1.9M | $2.7M | $17.2M | $10.4M |
| 2016 | $3.5M | $2.2M | $3.1M | $15.3M | $10M |
| 2015 | $3M | $1.4M | $2.3M | $12.5M | $9.6M |
| 2014 | $2.2M | $1.6M | $2.3M | $11.4M | $8.9M |
| 2013 | $2.5M | $2M | $2.2M | $11.7M | $9M |
| 2012 | $2.6M | $1.9M | $2.7M | $11.9M | $8.7M |
| 2011 | $2.4M | $1.9M | $2.1M | $12.5M | $8.9M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data | PDF not yet published by IRS |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Peg Flory | Past Director | 2 | $0 | $0 | $0 | $0 |
| Roger Louiselle | Director | 2 | $0 | $0 | $0 | $0 |
| Stephan Torres | Director | 2 | $0 | $0 | $0 | $0 |
| Susan Oliviero | Director | 2 | $0 | $0 | $0 | $0 |
Karen Bartlett
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Karin Stamy
Past Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Norm Lash
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Peg Flory
Past Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Roger Louiselle
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Stephan Torres
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Susan Oliviero
Director
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0