2025-07-23T09:42:17-05:00 2024-09-30 030210880 AM PEISCH & COMPANY LLP 24 AIRPORT ROAD SUITE 402 WEST LEBANON NH 037841663 990 2023-10-01 222809527 TWIN PINES HOUSING TRUST TWIN 8022917000 226 HOLIDAY DRIVE 20 WHITE RIVER JUNCTION VT 05001 ANDREW WINTER EXECUTIVE DIRECTOR 8022917000 2025-07-23 1 1 MANDY C GILES CPA P01204048 6033060100 2023 2025-03-06 01:10:19Z ANDREW WINTER 226 HOLIDAY DRIVE 20 WHITE RIVER JUNCTION VT 05001 6109889 0 X WWW.TPHTRUST.ORG X 1990 VT TWIN PINES HOUSING TRUST'S MISSION IS TO INCREASE ACCESS TO QUALITY HOUSING AND SUPPORTIVE SERVICES TO MEET THE PRESSING AND LONG-TERM NEEDS OF THE UPPER VALLEY COMMUNITY. 19 19 33 0 0 0 808147 3613091 2307467 2473172 11865 -40382 23740 14143 3151219 6060024 0 0 0 0 1839190 2194297 0 0 160316 1219452 1464524 3058642 3658821 92577 2401203 11602859 14952301 4063402 5248923 7539457 9703378 TWIN PINES HOUSING TRUST'S MISSION IS TO INCREASE ACCESS TO QUALITY HOUSING AND SUPPORTIVE SERVICES TO MEET THE PRESSING AND LONG-TERM NEEDS OF THE UPPER VALLEY COMMUNITY. 0 0 2227357 1844081 THE TRUST OWNS AND OPERATES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL HOUSING PROPERTIES. 461988 93046 THE SUPPORTIVE SERVICES PROGRAM OF THE TRUST PROVIDES EDUCATION, OUTREACH, AND COORDINATION OF SOCIAL SERVICES SO THAT LOW-INCOME TENANTS OF THE AFFORDABLE HOUSING THAT THE TRUST DEVELOPS CAN BE PROVIDED THE SKILLS TO BE SUCCESSFUL RESIDENTS. 530173 536045 THE TRUST BUILDS NEW AFFORDABLE HOUSING AND ACQUIRES AND REHABILITATES PRIMARILY SUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING. THE TRUST'S PRIMARY SOURCE OF REVENUE IS FROM GRANTS, RENTAL INCOME, AND FEES RELATED TO THE DEVELOPMENT OF NEW AFFORDABLE HOUSING. 3219518 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 21 0 33 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BETH LONG 8022917000 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 ALLAN WIEMAN CHAIR 1.00 X X 0 0 0 JULIA GRIFFIN VICE CHAIR 1.00 X X 0 0 0 DAN STANNARD TREASURER 1.00 X X 0 0 0 SARA LESWING SECRETARY 1.00 X X 0 0 0 ALEXA HOLLERAN TRUSTEE 0.50 X 0 0 0 ROBIN KILFEATHER-MACKEY TRUSTEE 0.50 X 0 0 0 MARY BROWNLOW TRUSTEE 0.50 X 0 0 0 JOHN DUNHAM TRUSTEE 0.50 X 0 0 0 RUDY FEDRIZZI TRUSTEE 0.50 X 0 0 0 STEVE FOWLER TRUSTEE 0.50 X 0 0 0 JIM LARRICK TRUSTEE 0.50 X 0 0 0 TY MERCIER TRUSTEE 0.50 X 0 0 0 JACQUELINE MONGILLO TRUSTEE 0.50 X 0 0 0 CINDY NICODEMUS TRUSTEE 0.50 X 0 0 0 PATRICK O'HERN TRUSTEE 0.50 X 0 0 0 GRETCHEN RITTENHOUSE TRUSTEE 0.50 X 0 0 0 JULIUS TURNER TRUSTEE 0.50 X 0 0 0 JOYCE WINTERS TRUSTEE 0.50 X 0 0 0 ANGELA ZHANG TRUSTEE 0.50 X 0 0 0 ANDREW WINTER EXECUTIVE DIRECTOR 40.00 X 109474 0 22538 109474 0 22538 1 0 0 0 0 3613091 12541 3613091 SERVICE FEES 531110 1211429 1211429 RENTAL INCOME 531110 725698 725698 DEVELOPER FEES 531310 536045 536045 2473172 9483 9483 49865 -49865 -49865 -49865 MISCELLANEOUS INCOME 900099 14143 14143 14143 6060024 2437450 0 9483 138164 96715 27633 13816 1583860 1392344 130617 60899 28767 24875 2644 1248 305368 264057 28062 13249 138138 119449 12695 5994 37287 32261 3414 1612 61811 53480 5659 2672 153297 132637 14034 6626 174 174 249497 227631 14853 7013 160352 146206 9609 4537 59975 51861 5512 2602 158741 157226 1029 486 99625 87514 8227 3884 56102 52878 2190 1034 REPAIRS & MAINTENANCE 141345 141345 UTILITIES 118304 118304 PROJECT COSTS 108580 93890 9979 4711 FUNDRAISING EXPENSES 35165 5682 603 28880 24269 20989 2227 1053 3658821 3219518 278987 160316 218608 244047 1846011 1371642 35979 16452 295152 299852 167014 108226 4781372 547490 4331048 4233882 4709047 8678200 11602859 14952301 319624 493620 3328036 3796192 415742 959111 4063402 5248923 X 6567501 8832559 971956 870819 7539457 9703378 11602859 14952301 X 2401203 -237282 X 0 1 X 1 1 1 X 1841391 2242600 1487958 808147 3613091 9993187 1841391 2242600 1487958 808147 3613091 9993187 9993187 6759 3735 1882 11865 9483 33724 10026911 9770127 0.99660 0.99550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1270422 1270422 2984298 241152 2743146 451560 231246 220314 75092 75092 0 4233882 DEVELOPMENT FEE RECEIVABLE 430933 DUE FROM RELATED PARTIES 1542414 INVESTMENTS IN LIMITED PARTNERSHIPS 3750941 PROJECTS IN PROCESS 1359366 TENANT SECURITY DEPOSITS 22503 INVESTMENT IN OTHER ENTITIES 641659 OTHER ASSETS 450 RIGHT OF USE LEASE ASSET 929934 8678200 TENANT SECURITY DEPOSITS 22368 RIGHT OF USE LEASE LIABILITY 936743 959111 6428243 368219 368219 6060024 0 6060024 4489570 237282 593467 830749 3658821 0 3658821 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUES FOR CONSOLIDATED ENTITIES FOR FINANCIAL STATEMENTS NOT 990 PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FOR CONSOLIDATED ENTITIES FOR FINANCIAL STATEMENTS NOT 990 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ELECT THE BOARD OF DIRECTORS EACH YEAR. THE BOARD MAKES ALL GOVERNING DECISIONS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS THAT ARE IN GOOD STANDING ARE EMPOWERED TO VOTE ON CANDIDATES FOR THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY A QUALIFIED CPA FIRM WHICH HAS BEEN SELECTED BY THE TRUSTEES. INFORMATION FOR THE 990 IS PROVIDED BY THE TPHT STAFF SUBJECT TO THE ORGANIZATION'S NORMAL ACCOUNTING PROCEDURES. STAFF RECOMMENDED THE BOARD ACCEPT STAFF'S REPORT REGARDING THE FORM OF, AND THE REPRESENTATIONS CONTAINED IN, THE IRS FORM 990. THE BOARD ACCEPTED THE REPORT OF STAFF AND APPROVED THE FILING OF THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE ANNUALLY LISTS ANY CONFLICTS OF INTEREST AND SIGNS SUCH STATEMENT WHICH IS KEPT IN THE ORGANIZATION'S RECORDS. FORM 990, PART VI, SECTION B, LINE 15 INITIAL COMPENSATION IS DETERMINED USING COMPARABLE DATA TOGETHER WITH CONSIDERATION OF EDUCATION AND WORK EXPERIENCE. SUBSEQUENT INCREASES ARE RELATED TO COST OF LIVING ADJUSTMENTS UNLESS AN EXPANSION OF DUTIES REQUIRING ADDITIONAL COMPENSATION HAS TAKEN PLACE. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS -237,282. BUGBEE STREET PROPERTIES 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 030361802 DEVELOP LOW INCOME PROPERTIES VT N/A GILE COMMUNITY HOUSING REAL ESTATE LLC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 205124591 INVEST IN AFFORDABLE HOUSING PROPERTIES VT N/A SAFFORD GP INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 471894523 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A TPHT 2011 INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 452474962 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A RIVERMERE COMMUNITY HOUSING GP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 222807527 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A HANOVER HOUSING AT GILE LLC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 260744658 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A WCH GP INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 824906105 ACQUIRE, INVEST AND OPERATE 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842771321 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A 747HA GP INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 872915949 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A MCH GP INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 922416345 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A RCH GP INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 883301925 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT N/A SOUTH MAIN STREET HOUSING TRUST 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JCT VT 05001 030364340 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY VT 501(C)(3) TWIN PINES HOUSING TRUST 0 PARKHURST COMMUNITY HOUSING INC 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JCT VT 05001 822544500 ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY NH 501(C)(25) TWIN PINES HOUSING TRUST 1 BRIARS HOUSING 2 LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 364848141 HOUSING VT N/A RELATED 0 0 0.00100 UPPER VALLEY SUPPORTIVE HOUSING LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 010704108 HOUSING VT N/A RELATED 0 0 0.99900 GILE DRIVE LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 260751820 HOUSING VT N/A RELATED 0 0 0.00010 HOLLOW DRIVE LIMITED PARTNERSHIP 95 TEMPLETON AVE WHITE RIVER JUNCTION VT 05001 030369483 HOUSING VT N/A RELATED 0 0 0.02500 OVERLOOK HOUSING LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 030372631 HOUSING VT N/A RELATED 0 0 0.99000 SAFFORD COMMONS HOUSING LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 471504720 HOUSING VT N/A RELATED 0 0 0.00010 DEWITT DRIVE HOUSING LP 123 ST PAUL ST BURLINGTON VT 05401 452598207 HOUSING VT N/A RELATED 0 0 0.00010 RIVERMERE COMMUNITY HOUSING LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 270506496 HOUSING VT N/A RELATED 0 0 0.00010 SAFFORD REAL ESTATE LLC 123 ST PAUL ST BURLINGTON VT 05401 471887406 HOUSING VT N/A RELATED 0 0 0.50000 GILE DRIVE PHASE 2 LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 371785762 HOUSING VT N/A RELATED 0 0 0.00010 HARTFORD SCATTERED SITES LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 473928887 HOUSING VT N/A RELATED 0 0 0.00010 WENTWORTH COMMUNITY HOUSING LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 824954891 HOUSING VT N/A RELATED 0 0 0.00010 TRACY COMMUNITY HOUSING LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 384068641 HOUSING VT N/A RELATED 0 0 0.00010 SUMMER PARK COMMUNITY HOUSING LP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 371931214 HOUSING VT N/A RELATED 0 0 0.00010 WCH 2 LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 850838369 HOUSING VT N/A RELATED 0 0 0.00010 SUMMER PARK 2 COMMUNITY HOUSING LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 364947739 HOUSING VT N/A RELATED 0 0 0.00010 747 HARTFORD AVENUE LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 872862853 HOUSING VT N/A RELATED 0 0 0.00010 MOUNTAINVALE COMMUNITY HOUSING LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 922476901 HOUSING VT N/A RELATED 0 0 0.00010 RIVERWALK COMMUNITY HOUSING LIMITED PARTNERSHIP 226 HOLIDAY DRIVE SUITE 20 WHITE RIVER JUNCTION VT 05001 920590638 HOUSING VT N/A RELATED 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 TRACY COMMUNITY HOUSING LP L 87902 FAIR MARKET VALUE SAFFORD COMMONS HOUSING LP L 62700 FAIR MARKET VALUE SOUTH MAIN STREET HOUSING TRUST L 220698 FAIR MARKET VALUE BRIARS HOUSING 2 LP L 64152 FAIR MARKET VALUE WENTWORTH COMMUNITY HOUSING LP L 87622 FAIR MARKET VALUE SUMMER PARK 2 COMMUNITY HOUSING LP L 51428 FAIR MARKET VALUE SUMMER PARK COMMUNITY HOUSING LP L 112330 FAIR MARKET VALUE WCH 2 LP L 55661 FAIR MARKET VALUE RIVERMERE COMMUNITY HOUSING LP L 55362 FAIR MARKET VALUE HARTFORD SCATTERED SITES LP L 54986 FAIR MARKET VALUE SPENCER SQUARE LP L 52786 FAIR MARKET VALUE UPPER VALLEY SUPPORTIVE HOUSING LP L 54151 FAIR MARKET VALUE 747 HARTFORD AVENUE LP L 102838 FAIR MARKET VALUE L MOUNTAINVALE COMMUNITY HOUSING LP L 249622 FAIR MARKET VALUE RIVERWALK COMMUNITY HOUSING LP L 192190 FAIR MARKET VALUE MOUNTAINVALE COMMUNITY HOUSING LP B 150439 GRANT INCOME PASSED THROUGH RIVERWALK COMMUNITY HOUSING LP B 2096050 GRANT INCOME PASSED THROUGH