Nonprofit · EIN 03-0239902
VERMONT HOUSING FINANCE AGENCY
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $40,403,284 | $33,776,500 | $6,626,784 | $705,400,189 | $581,756,027 | $123,644,162 |
| June 30, 2024 | 990 | $46,589,066 | $35,498,206 | $11,090,860 | $592,730,424 | $480,538,581 | $112,191,843 |
| June 30, 2023 | 990 | $55,948,964 | $48,393,165 | $7,555,799 | $515,556,034 | $411,039,983 | $104,516,051 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $35,553,171
- Investment income
- $4,850,113
- Net gain from sales of assets
- $744,189
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,373,316
- Compensation of officers, directors and key employees
- $460,637
- Other salaries and wages
- $5,087,364
- Salaries, compensation and benefits (total)
- $5,548,001
- Professional fundraising fees
- $0
- Legal fees
- $96,303
- Accounting fees
- $86,805
- Occupancy
- $94,654
- Depreciation
- $69,526
- Program services (functional)
- $33,130,430
- Management and general (functional)
- $646,070
Balance sheet and other
- Total assets, start of year
- $592,730,424
- Total assets, end of year
- $705,400,189
- Total liabilities, end of year
- $581,756,027
- Net assets, end of year
- $123,644,162
- Land, buildings and equipment
- $498,981
- Net assets without donor restrictions
- $16,734,162
- Net assets with donor restrictions
- $106,910,000
- Gross receipts
- $68,973,160
- Employees
- 58
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- VT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAURA COLLINS | EXECUTIVE DIRECTOR Officer | 50 | $217,916 | $45,495 |
| CHRIS FLANNERY | CHIEF FINANCIAL OFFICER Officer | 50 | $166,072 | $27,315 |
| GEORGE DEMAS | GENERAL COUNSEL Highest-paid employee | 50 | $158,050 | $18,709 |
| DEBORAH FLANNERY | MANAGING DIRECTOR OF COMMUNITY DEVELOPMENT Highest-paid employee | 50 | $159,606 | $16,831 |
| JACKLYN SANTERRE | MANAGING DIRECTOR OF HOMEO Highest-paid employee | 50 | $134,282 | $35,437 |
| CHRISTOPHER GOMEZ | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| FRED BASER | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| GUSTAVE SEELIG | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| JEANNE MORRISSEY | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| KAJ SAMSON | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| KATIE STUART-BUCKLEY | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| KEVIN GAFFNEY | OUTGOING COMMISSIONER Trustee or director | 1 | $0 | $0 |
| LINDSAY KURRLE | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| MARIE MILORD-AJANMA | COMMISSIONER Trustee or director | 1 | $0 | $0 |
| MICHAEL PIECIAK | COMMISSIONER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAURA COLLINS | EXECUTIVE DIRECTOR Officer | 50 | $168,688 | $53,050 |
| CHRIS FLANNERY | CHIEF FINANCIAL OFFICER Officer | 50 | $157,923 | $22,969 |
| GEORGE DEMAS | GENERAL COUNSEL Highest-paid employee | 50 | $145,859 | $23,274 |
| SETH LEONARD | MANAGING DIRECTOR OF COMMU Highest-paid employee | 50 | $135,263 | $21,824 |
| JACKLYN SANTERRE | MANAGING DIRECTOR OF HOMEO Highest-paid employee | 50 | $117,778 | $33,577 |
| CHRISTOPHER GOMEZ | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| FRED BASER | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| GUSTAVE SEELIG | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| KATIE STUART-BUCKLEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| JEANNE MORRISSEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| KEVIN GAFFNEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| LINDSAY KURRLE | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| MARIE MILORD-AJANMA | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| MICHAEL PIECIAK | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MAURA COLLINS | OFFICER Officer | 50 | $160,507 | $46,395 |
| CHRIS FLANNERY | OFFICER Officer | 50 | $149,710 | $22,557 |
| GEORGE DEMAS | GENERAL COUNSEL Highest-paid employee | 50 | $142,638 | $20,781 |
| JACKLYN SANTERRE | MANAGING DIRECTOR OF HOMEO Highest-paid employee | 50 | $111,755 | $31,609 |
| SETH LEONARD | MANAGING DIRECTOR OF COMMUNITY DEVELOPMENT Highest-paid employee | 50 | $112,722 | $21,369 |
| FRED BASER | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| LINDSAY KURRLE | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| THOMAS LEAVITT | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| JEANNE MORRISSEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| MICHAEL PIECIAK | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| GUSTAVE SEELIG | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| KATIE STUART-BUCKLEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| KEVIN GAFFNEY | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
| MARIE MILORD-AJANMA | COMMISSIONER Institutional trustee | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 164 ST PAUL ST POBOX 408, BURLINGTON, VT 05401-4634
- In care of
- % THE HOUSING FOUNDATION INC
- Principal officer (990 for 2024)
- MAURA COLLINS, 164 ST PAUL STREET, BURLINGTON, VT 05401
- Signed the 990
- CHRIS FLANNERY, CFO
- Phone
- (802) 652-3445
- Website
- VHFA.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
SEE SCHEDULE O
Program accomplishments
- MONIES FROM THE SINGLE FAMILY, MULTI-FAMILY, MULTI-PURPOSE, AND GENERAL OPERATING PROGRAM FUNDS HAVE BEEN USED BY THE AGENCY TO PURCHASE MORTGAGE BACKED SECURITIES AND FINANCE MORTGAGE LOANS ON SINGLE AND MULTI-FAMILY RESIDENTIAL HOUSING UNITS FOR PERSONS AND FAMILIES OF LOW AND MODERATE INCOME WITHIN THE STATE OF VERMONT.Expenses $29,953,313 · revenue $32,376,042
- THE AGENCY PARTICIPATES IN THE FOLLOWING FEDERAL FUNDING PROGRAMS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA): HOMEOWNER ASSISTANCE PROGRAM (HAP). THE AGENCY PARTICIPATES IN THE FOLLOWING TREASURY DEPARTMENT'S CDFI FUNDED PROGRAM: CAPITAL MAGNET FUNDS 2021, 2023 AND 2024.Expenses $3,177,117 · grants $1,373,316 · revenue $3,177,129
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 03-0239902
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L122)
- Assets (IRS master file)
- $705,400,189
- Income (IRS master file)
- $68,973,160
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $40,403,284 | $33,776,500 | $705,400,189 | XML |
| 990 | June 2024 | $46,589,066 | $35,498,206 | $592,730,424 | IRS |
| 990 | June 2023 | $55,948,964 | $48,393,165 | $515,556,034 | XML |
| 990 | June 2022 | $39,283,323 | $33,470,780 | $493,373,180 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 03-0239902).
Questions about VERMONT HOUSING FINANCE AGENCY
- What is the EIN of VERMONT HOUSING FINANCE AGENCY?
- The employer identification number (EIN) of VERMONT HOUSING FINANCE AGENCY is 03-0239902.
- Is VERMONT HOUSING FINANCE AGENCY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to VERMONT HOUSING FINANCE AGENCY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does VERMONT HOUSING FINANCE AGENCY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERMONT HOUSING FINANCE AGENCY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT HOUSING FINANCE AGENCY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VERMONT HOUSING FINANCE AGENCY?
- The 990 for the year ended June 30, 2025 names MAURA COLLINS.
- Who are the officers and directors of VERMONT HOUSING FINANCE AGENCY?
- The 990 for the year ended June 30, 2025 lists 15 people; 5 received compensation from the organization, the highest $217,916 (MAURA COLLINS, EXECUTIVE DIRECTOR).
- How much revenue does VERMONT HOUSING FINANCE AGENCY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $40,403,284, expenses of $33,776,500 and total assets of $705,400,189 at year end.
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All nonprofits in BURLINGTON · Vermont · Housing and shelter