Loading organization details...
Loading organization details...
THE MISSION OF EVERNORTH LOAN FUND IS TO PRODUCE PERMANENTLY AFFORDABLE HOUSING AND ENABLE INVESTMENTS IN ECONOMIC AND COMMUNITY DEVELOPMENT TO BENEFIT VERMONTERS THROUGH PARTNERSHIPS WITH COMMUNITIES AND THE PRIVATE SECTOR.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$9.7M
Program Spending
100%
of total expenses go to program services
Total Contributions
$9.3M
Total Expenses
▼$715.7K
Total Assets
$28.1M
Total Liabilities
▼$4.4M
Net Assets
$23.7M
Officer Compensation
→N/A
Other Salaries
N/A
Investment Income
$386K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$5.4M
Awards Found
5
Department of the Treasury
$300K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH TECHNICAL ASSISTANCE AWARDS TO BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. PLANNED ACTIVITIES TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS COMPENSATION PERSONAL SERVICES, COMPENSATION FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOALS: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI’S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE 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: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Department of the Treasury
$125K
PURPOSE: TO PROMOTE ECONOMIC REVITALIZATION AND COMMUNITY DEVELOPMENT THROUGH TECHNICAL ASSISTANCE AWARDS TO BUILD THE CAPACITY OF COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS (CDFIS) AND EMERGING CDFIS. PLANNED ACTIVITIES TECHNICAL ASSISTANCE MUST BE USED FOR THE FOLLOWING ELIGIBLE ACTIVITIES SUBJECT TO THE APPLICABLE PROVISIONS OF THE UNIFORM REQUIREMENTS COMPENSATION PERSONAL SERVICES, COMPENSATION FRINGE BENEFITS, PROFESSIONAL SERVICE COSTS, TRAVEL COSTS, TRAINING AND EDUCATION COSTS, EQUIPMENT, SUPPLIES, AND INCORPORATION COSTS (SPONSORING ENTITIES ONLY). END GOALS: THE GOAL OF THE TECHNICAL ASSISTANCE IS TO BUILD CERTIFIED AND EMERGING CDFI’S ORGANIZATIONAL CAPACITY TO SERVE ELIGIBLE MARKETS AND/OR THEIR TARGET MARKETS, IN ORDER TO SERVE 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: NOT APPLICABLE. REASON/PURPOSE OF MODIFICATION: NOT APPLICABLE.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
7
Clean Audits
7
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2023 | Clean | Unmodified (Clean) | $905K | Yes | 2024-06-27 |
| 2022 | Clean | Unmodified (Clean) | $1M | Yes | 2023-06-19 |
| 2021 | Clean | Unmodified (Clean) | $925K | Yes | 2022-06-15 |
| 2020 | Clean | Unmodified (Clean) | $2M | Yes | 2021-06-13 |
| 2019 | Clean | Unmodified (Clean) | $2.5M | No | 2020-07-14 |
| 2018 | Clean | Unmodified (Clean) | $1.1M | No | 2019-07-17 |
| 2017 | Clean | Unmodified (Clean) | $2.4M | No | 2018-08-27 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$905K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$925K
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.5M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.4M
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 | $9.7M | $9.3M | $715.7K | $28.1M | $23.7M |
| 2023IRS e-File | $1.2M | $1M | $577.4K | $17.2M | $14.7M |
| 2022 | $1.5M | $1M | $740.5K | $17M | $14.1M |
| 2021 | $1.9M |
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 | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
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 |
|---|
| Nancy Owens | President | 1 | $0 | $268.9K | $45.6K | $314.5K |
| Janet Spitler | Treasurer (end 12/31/24) | 1 | $0 | $217K | $43.4K | $260.4K |
| Charlie Baker | Chair | 1 | $0 | $0 | $0 | $0 |
| Kara Sweeney | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Karyn Hale | Asst Treasurer | 1 | $0 | $0 | $0 | $0 |
| Cullen Ryan | Secretary | 1 | $0 | $0 | $0 | $0 |
Nancy Owens
President
$314.5K
Hrs/Wk
1
Compensation
$0
Related Orgs
$268.9K
Other
$45.6K
Janet Spitler
Treasurer (end 12/31/24)
$260.4K
Hrs/Wk
1
Compensation
$0
Related Orgs
$217K
Other
$43.4K
Charlie Baker
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kara Sweeney
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Karyn Hale
Asst Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Cullen Ryan
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| William Eric Schmitt | COO | 1 | $0 | $218.4K | $41.5K | $260K |
| Cynthia Lacasse | Executive VP & Cpo | 1 | $0 | $246.3K | $13.4K | $259.8K |
| Kathy Beyer | VP Real Estate | 1 | $0 | $203.3K | $24.7K |
William Eric Schmitt
COO
$260K
Hrs/Wk
1
Compensation
$0
Related Orgs
$218.4K
Other
$41.5K
Cynthia Lacasse
Executive VP & Cpo
$259.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$246.3K
Other
$13.4K
Kathy Beyer
VP Real Estate
$228K
Hrs/Wk
1
Compensation
$0
Related Orgs
$203.3K
Other
$24.7K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Amy Demetrowitz | Board Member | 1 | $0 | $0 | $0 | $0 |
| Andrew Winter | Board Member | 1 | $0 | $0 | $0 | $0 |
| Anna Adachi-Mejia | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chris Miller | Board Member | 1 | $0 | $0 | $0 | $0 |
| Dave Birkhahn | Board Member | 1 | $0 | $0 | $0 | $0 |
| John Vogel | Board Member |
Amy Demetrowitz
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Andrew Winter
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Anna Adachi-Mejia
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $975.8K |
| $1M |
| $15.3M |
| $12.8M |
| 2020 | $4.3M | $560.8K | $5M | $14.8M | $11.9M |
| 2019 | $6.6M | $964.5K | $5.9M | $13.2M | $12.6M |
| 2018 | $5.3M | $85.3K | $4.7M | $12.5M | $11.9M |
| 2017 | $5.2M | $227.7K | $4.8M | $11.9M | $11.3M |
| 2016 | $7.3M | $2.1M | $4.9M | $11.2M | $10.9M |
| 2015 | $4.8M | $67.3K | $3.8M | $8.8M | $8.5M |
| 2014 | $5.3M | $36.6K | $4.9M | $7.7M | $7.4M |
| 2013 | $4.1M | $120.8K | $3.6M | $8.6M | $7.1M |
| 2012 | $5.9M | $1.1M | $5.5M | $9M | $6.6M |
| 2011 | $4M | $425.3K | $3.7M | $9.5M | $6.1M |
| 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 |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $228K |
| Elizabeth Wagner-Boutin | VP Community Investments | 1 | $0 | $177.2K | $47.2K | $224.4K |
| Sherrin Vail | VP Asset Management & Portfolio Initiatives | 1 | $0 | $183.8K | $34.1K | $217.9K |
| Jennifer Ogden | VP Hr & Org. Development | 1 | $0 | $180.7K | $32.9K | $213.6K |
| Paul Ottoson | Director Of Capital Management | 1 | $0 | $125.9K | $37.2K | $163.1K |
| Julia Morgan | Director Of Community Investment Risk Management | 1 | $0 | $130.5K | $30.4K | $160.8K |
| Michael Sprague | Director Of Asset Management | 1 | $0 | $123.7K | $35.3K | $159K |
| Amy Dohner | Project Management | 1 | $0 | $126.2K | $21.5K | $147.7K |
| David Graves | Controller | 1 | $0 | $122.7K | $14.5K | $137.2K |
Elizabeth Wagner-Boutin
VP Community Investments
$224.4K
Hrs/Wk
1
Compensation
$0
Related Orgs
$177.2K
Other
$47.2K
Sherrin Vail
VP Asset Management & Portfolio Initiatives
$217.9K
Hrs/Wk
1
Compensation
$0
Related Orgs
$183.8K
Other
$34.1K
Jennifer Ogden
VP Hr & Org. Development
$213.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$180.7K
Other
$32.9K
Paul Ottoson
Director Of Capital Management
$163.1K
Hrs/Wk
1
Compensation
$0
Related Orgs
$125.9K
Other
$37.2K
Julia Morgan
Director Of Community Investment Risk Management
$160.8K
Hrs/Wk
1
Compensation
$0
Related Orgs
$130.5K
Other
$30.4K
Michael Sprague
Director Of Asset Management
$159K
Hrs/Wk
1
Compensation
$0
Related Orgs
$123.7K
Other
$35.3K
Amy Dohner
Project Management
$147.7K
Hrs/Wk
1
Compensation
$0
Related Orgs
$126.2K
Other
$21.5K
David Graves
Controller
$137.2K
Hrs/Wk
1
Compensation
$0
Related Orgs
$122.7K
Other
$14.5K
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Kelly Laflamme | Board Member | 1 | $0 | $0 | $0 | $0 |
| Marc Landry | Board Member (end 8/31/24) | 1 | $0 | $0 | $0 | $0 |
| Michael Clarke | Board Member | 1 | $0 | $0 | $0 | $0 |
| Mike Anthony | Board Member | 1 | $0 | $0 | $0 | $0 |
| Walt Greiner | Board Member | 1 | $0 | $0 | $0 | $0 |
Chris Miller
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dave Birkhahn
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Vogel
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kelly Laflamme
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marc Landry
Board Member (end 8/31/24)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michael Clarke
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Anthony
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Walt Greiner
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0