2024-02-01T10:57:48-05:00 2023-09-30 030302296 KITTELL BRANAGAN & SARGENT 154 N MAIN ST ST ALBANS VT 05478 990 2022-10-01 030305214 THE HOUSING FOUNDATION INC HOUS 8028283006 1 PROSPECT STREET MONTPELIER VT 05602 ALEX FARRELL PRESIDENT 8028283003 2024-01-09 true ALEX FARRELL 888008888 true GREGORY SARGENT CPA P01402903 8025249531 2024-01-24 2022 2023-04-26 12:10:37Z X ALEX FARRELL 1 PROSPECT STREET MONTPELIER VT 05602 6775950 false X WWW.HFIVT.ORG X 1986 VT THE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK. X 7 7 0 0 116168 1331067 7314412 5396600 8923 -8556302 27444 3854 7466947 -1824781 0 0 86533 5238 0 0 6314333 5056217 6400866 5061455 1066081 -6886236 36391565 27816074 16822983 15133728 19568582 12682346 X THE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK. false false 4801996 5396600 RENTAL OF LOW INCOME HOUSING. AT THE CLOSE OF THE YEAR, THE CORPORATION OWNED AND/OR OPERATED 1,240 UNITS OF HOUSING. 235520 ACQUISITION OF LOW INCOME HOUSING STOCK FOR THE PURPOSE OF PRESERVING AFFORDABLE HOUSING. 5037516 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false false true false true false false false false false true false false false false false true false true false false false true 64 0 true 0 false false false false false false false false false false false false X 7 7 false true false false false false false true true false false true true true true false false true false false X X KELLY PEMBROKE 8028283006 1 PROSPECT STREET MONTPELIER VT 056023556 X ALISON J BELL VICE PRESIDE 2.00 X X 0 0 0 KATHLEEN BERK SECRETARY 2.00 X X 0 0 0 ALEX FARRELL PRESIDENT 2.00 X X 0 0 0 MARY HOUGHTON BOARD MEMBER 2.00 X X 0 0 0 DAVID MUZZY BOARD MEMBER 2.00 X 0 0 0 CORY B RICHARDSON TREASURER 2.00 X X 0 0 0 JO ANN TROIANO BOARD MEMBER 2.00 X 0 0 0 false false false VERMONT STATE HOUSING AUTHORITY 1 PROSPECT STREET MONTPELIER VT 05602 ACCT./MGMNT 1084031 GREEN MOUNTAIN POWER CORP PO BOX 1611 BRATTLEBORO VT 05302 GENERAL CONTRAC 136009 CASELLA WASTE SYSTEMS INC PO BOX 1372 WILLISTON VT 05495 WASTE MANAGEMEN 130255 MYERS CONTAINERS SERVICE CORP PO BOX 38 WINOOSKI VT 05404 WASTE MANAGEMEN 113481 WIND RIVER ENVIRONMENTAL LLC PO BOX 22074 NEW YORK NY 10087 GENERAL CONTRAC 101442 5 1331067 1331067 PROJECT/MHP RENTS 531310 5220606 5220606 OTHER INCOME 531310 162169 162169 DEVELOPMENT FEES 531310 13825 13825 5396600 44429 44429 8600731 -8600731 -8600731 -8600731 GAIN ON TRANSFER OF ASSETS 3854 3854 3854 -1824781 5400454 -8556302 4000 4000 1238 1238 970327 970327 162782 152108 10674 2412708 2412708 235642 235520 122 820735 820735 200666 192761 7905 OTHER ADMIN 193757 193757 GRANT EXPENSE 38786 38786 COLLECTION LOSSES 20814 20814 5061455 5037516 23939 0 4341129 3538183 3767292 4297798 196935 202901 1115450 1111450 19310 12796 34372679 16914163 25537965 17458516 831047 563282 582437 631148 36391565 27816074 1125120 1082181 497406 149214 1929790 1450007 13270667 12452326 16822983 15133728 X 18090179 11203943 1478403 1478403 19568582 12682346 36391565 27816074 -6886236 X false true X true true true X 299678 76830 44557 116168 1331067 1868300 299678 76830 44557 116168 1331067 1868300 1868300 37261 25876 8232 8923 44429 124721 1993021 33095696 0.93740 0.86920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6762382 6762382 18618868 10482516 8136352 7768016 6230365 1537651 1204880 201282 1003598 18533 18533 17458516 X -1824781 -1824781 -1824781 5061455 5061455 5061455 SCHEDULE D, PAGE 3, PART X CONSIDERATION HAS BEEN GIVEN TO UNCERTAIN TAX POSITIONS. THE FEDERAL INCOME TAX RETURNS FOR THE YEARS ENDED AFTER SEPTEMBER 30, 2020, REMAIN OPEN FOR POTENTIAL EXAMINATION BY MAJOR TAX JURISDICTIONS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. A TD BANKNORTH - 2003 BOND 030305214 2003-04-15 6475000 AFFORDABLE HOUSING true false false A 6475000 6475000 2003 false false true true A false false false false false false true A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION TD BANKNORTH - 2003 BOND AFFORDABLE HOUSING CORY RICHARDSON TREASURER 429541 LOANS - NSB TO ORG false TRANSFERRED ASSETS 2022-12-21 8332967 NBV VERMONT STATE HOUSING AUTHORITY 1 PROSPECT STREET MONTPELIER VT 05602 GOVERNMENT true false false false SCHEDULE N, PART II, PAGE 2, LINE 2E THERE ARE FOUR MEMBERS OF THE BOARD OF DIRECTORS WHO ARE ALSO ON THE BOARD OF DIRECTORS OF VERMONT STATE HOUSING AUTHORITY, THE TRANSFEREE ORGANIZATION. THOSE MEMBERS ARE ALEX FARRELL, CORY RICHARDSON, JOANN TROIANO AND MARY HOUGHTON. FORM 990 - ORGANIZATION'S MISSION THE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK. FORM 990, PAGE 6, PART VI, LINE 3 THE ORGANIZATION DELEGATES MANAGEMENT DUTIES TO VERMONT STATE HOUSING AUTHORITY AND ALLIANCE PROPERTY MANAGEMENT, INC. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE THE BOARD OF THE HOUSING FOUNDATION, INC. AND SIGNED UPON APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C THE POLICY IS ADOPTED BY THE BOARD OF DIRECTORS. EACH DIRECTOR SIGNS A COPY OF THE POLICY TO ENSURE THAT THEY UNDERSTAND THAT ALL CONFLICTS OR POTENTIAL CONFLICTS MUST BE DISCLOSED. THESE DISCLOSURES ARE KEPT IN A CURRENT FILE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR'S COMPENSATION IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. VILLAGE APARTMENTS LIMITED PARTNERSHIP ONE PROSPECT STREET MONTPELIER VT 05602 030323996 HOUSING VT NA RELATED 452 12403 false true 0.01000 WILLIAMSTOWN HOUSING ASSOCIATES ONE PROSPECT STREET MONTPELIER VT 05602 030330681 HOUSING VT NA RELATED 281 15348 false true 0.05000 BRANDON HOUSING LIMITED PARTNERSHIP ONE PROSPECT STREET MONTPELIER VT 05602 030337059 HOUSING VT NA RELATED -296 31133 false true 0.01000 MIDDLEBURY HOUSING ASSOCIATES ONE PROSPECT STREET MONTPELIER VT 05602 010442720 HOUSING VT NA RELATED 786 74580 false true 0.05000 HOLLOW DRIVE HOUSING LIMITED PARTNERSHIP ONE PROSPECT STREET MONTPELIER VT 05602 030369483 HOUSING VT NA RELATED -34 78796 false true 0.02500 WHITE RIVER HOUSING ASSOCIATES ONE PROSPECT STREET MONTPELIER VT 05602 721543622 HOUSING VT NA RELATED -42 246983 false true 0.00100 UPPER VALLEY HOUSING ASSOCIATES ONE PROSPECT STREET MONTPELIER VT 05602 721543628 HOUSING VT NA RELATED -125 257741 false true 0.01000 NORTHFIELD HOUSING ASSOCIATES LP ONE PROSPECT STREET MONTPELIER VT 05602 202825779 HOUSING VT NA RELATED -1612 205205 false true 0.05000 MEADOWLANE HOUSING ASSOCIATES LP ONE PROSPECT STREET MONTPELIER VT 05602 260445242 HOUSING VT NA RELATED -19 372720 false true 0.00010 RIVER BEND HOUSING ASSOCIATES LP ONE PROSPECT STREET MONTPELIER VT 05602 263302612 HOUSING VT NA RELATED 198317 false true 0.05000 DEPOT II HOUSING ASSOCIATES LP ONE PROSPECT STREET MONTPELIER VT 05602 451617291 HOUSING VT NA RELATED -2 104516 false true 0.00010 SWANTON HOUSING ASSOCIATES I LP PO BOX 157 MONTPELIER VT 05602 452989591 HOUSING VT NA RELATED -6 88274 false true 0.00010 VVII HOUSING ASSOCIATES LP ONE PROSPECT STREET MONTPELIER VT 05602 462108863 HOUSING VT NA RELATED -5 95865 false true 0.05000 HILLCREST VIEWS LIMITED PARTNERSHIP ONE PROSPECT STREET MONTPELIER VT 05602 030321817 HOUSING VT NA RELATED 11621 1220983 false false 0.95000 HOLLISTER HILL HOUSING ASSOC LP PO BOX 157 MONTPELIER VT 05601 820789090 HOUSING VT N/A RELATED -8 83883 false true 0.00010 false false false true false false false false false false false true true false false true true false false