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Nonprofit · EIN 03-0305214

THE HOUSING FOUNDATION INCORPORATED

Tax-exempt · MONTPELIER, VT 05602

Financials

−$1.8M$5.1M2022$16.1M$6.6M2023$8.7M$8.3M2024
Revenue Expenses · by fiscal year end
Financials of THE HOUSING FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$8,715,872$8,282,006$433,866$36,533,375$13,934,625$22,598,750
September 30, 2024990$16,062,247$6,579,709$9,482,538$36,321,926$14,157,042$22,164,884
September 30, 2023990-$1,824,781$5,061,455-$6,886,236$27,816,074$15,133,728$12,682,346
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$154,012
of which government grants
$154,012
Program service revenue
$8,520,551
Investment income
$41,309
Net gain from sales of assets
$1,279
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$737
Professional fundraising fees
$0
Occupancy
$4,250,623
Depreciation
$939,977
Program services (functional)
$8,153,127
Management and general (functional)
$128,879

Balance sheet and other

Total assets, start of year
$36,321,926
Total assets, end of year
$36,533,375
Total liabilities, end of year
$13,934,625
Net assets, end of year
$22,598,750
Land, buildings and equipment
$24,946,369
Net assets without donor restrictions
$21,120,347
Net assets with donor restrictions
$1,478,403
Gross receipts
$8,715,872
Employees
0
Year formed
1986
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ALISON J BELLBOARD MEMBER
Trustee or director, Officer
2$0
KATHLEEN BERKSECRETARY
Trustee or director, Officer
2$0
ALEX FARRELLVICE PRESIDE
Trustee or director, Officer
2$0
MARY HOUGHTONTREASURER
Trustee or director
2$0
DAVID MUZZYBOARD MEMBER
Trustee or director
2$0
CORY B RICHARDSONPRESIDENT
Trustee or director, Officer
2$0
JO ANN TROIANOBOARD MEMBER
Trustee or director
2$0
990 for the year ended September 30, 2024: 7 people
NameTitleHours / weekCompensation
ALISON J BELLBOARD MEMBER
Trustee or director
2$0
KATHLEEN BERKSECRETARY
Trustee or director, Officer
2$0
ALEX FARRELLVICE PRESIDE
Trustee or director, Officer
2$0
MARY HOUGHTONTREASURER
Trustee or director, Officer
2$0
DAVID MUZZYBOARD MEMBER
Trustee or director
2$0
CORY B RICHARDSONPRESIDENT
Trustee or director, Officer
2$0
JO ANN TROIANOBOARD MEMBER
Trustee or director
2$0
990 for the year ended September 30, 2023: 7 people
NameTitleHours / weekCompensation
ALISON J BELLVICE PRESIDE
Trustee or director, Officer
2$0
KATHLEEN BERKSECRETARY
Trustee or director, Officer
2$0
ALEX FARRELLPRESIDENT
Trustee or director, Officer
2$0
MARY HOUGHTONBOARD MEMBER
Trustee or director, Officer
2$0
DAVID MUZZYBOARD MEMBER
Trustee or director
2$0
CORY B RICHARDSONTREASURER
Trustee or director, Officer
2$0
JO ANN TROIANOBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1 PROSPECT ST, MONTPELIER, VT 05602-3556
Principal officer (990 for 2024)
CORY B RICHARDSON, ONE PROSPECT STREET, MONTPELIER, VT 05602
Signed the 990
CORY B RICHARDSON, PRESIDENT
Phone
(802) 828-3006
Return prepared by
KITTELL BRANAGAN & SARGENT

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.

990 for the year ended September 30, 2025

Program accomplishments

  • RENTAL OF LOW INCOME HOUSING. AT THE CLOSE OF THE YEAR, THE CORPORATION OWNED AND/OR OPERATED 1,240 UNITS OF HOUSING.
    Expenses $7,957,463 · revenue $8,520,551
  • ACQUISITION OF LOW INCOME HOUSING STOCK FOR THE PURPOSE OF PRESERVING AFFORDABLE HOUSING.
    Expenses $195,664

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
03-0305214
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1987
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$36,533,375
Income (IRS master file)
$8,715,872

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$8,715,872$8,282,006$36,533,375XML
990September 2024$16,062,247$6,579,709$36,321,926XML
990September 2023-$1,824,781$5,061,455$27,816,074XML
990September 2022$7,466,947$6,400,866$36,391,565IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 03-0305214).

Questions about THE HOUSING FOUNDATION INCORPORATED

What is the EIN of THE HOUSING FOUNDATION INCORPORATED?
The employer identification number (EIN) of THE HOUSING FOUNDATION INCORPORATED is 03-0305214.
Is THE HOUSING FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
Are donations to THE HOUSING FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE HOUSING FOUNDATION INCORPORATED 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 THE HOUSING FOUNDATION INCORPORATED due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE HOUSING FOUNDATION INCORPORATED last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of THE HOUSING FOUNDATION INCORPORATED?
The 990 for the year ended September 30, 2025 names CORY B RICHARDSON.
Who are the officers and directors of THE HOUSING FOUNDATION INCORPORATED?
The 990 for the year ended September 30, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does THE HOUSING FOUNDATION INCORPORATED have?
On its 990 for the year ended September 30, 2025 it reported revenue of $8,715,872, expenses of $8,282,006 and total assets of $36,533,375 at year end.

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