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Nonprofit · EIN 20-1914244

HOUSING INITIATIVES INC

Tax-exempt (reinstated) · RUTLAND, VT 05701

Financials

$128K$242K2024
Revenue Expenses · by fiscal year end
Financials of HOUSING INITIATIVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$128,326$241,959-$113,633$3,602,707$3,067,422$535,285
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$115,797
Investment income
$12,529
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$6,500
Occupancy
$16,497
Depreciation
$118,844
Program services (functional)
$145,174
Management and general (functional)
$72,587
Fundraising (functional)
$24,198

Balance sheet and other

Total assets, start of year
$3,714,895
Total assets, end of year
$3,602,707
Total liabilities, end of year
$3,067,422
Net assets, end of year
$535,285
Land, buildings and equipment
$2,914,827
Gross receipts
$128,326
Employees
0
Year formed
2004
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 March 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
BETSY FRANZONIDirector
Institutional trustee
1$0
JESSICA LEBLANCDirector
Institutional trustee
1$0
TERRANC J MORANDirector
Institutional trustee
1$0
KEVIN S MARKOWSKIPresident
Officer
1$0
ELIZABETH GLYNNVice President
Officer
1$0
KEVIN LOSOSecretary
Officer
1$0
PAMELA DOUGLASSTreasurer
Officer
1$0

Address and contacts

Address (IRS master file)
5 TREMONT ST, RUTLAND, VT 05701-3533
In care of
% RUTLAND HOUSING AUTHORITY
Mailing address (990-N for 2016)
5 Tremont Street, RUTLAND VT 05701
Principal officer (990-N for 2016)
Kevin Loso, 5 Tremont Street, Rutland VT 05701
Signed the 990
KEVIN LOSO, Secretary
Phone
(802) 775-2926
Return prepared by
OBrien Shortle Reynolds & Sabotka

Mission

To promote and provide for the development, rehabilitation and preservation of quality affordable housing in Rutland County for low to moderate income families, the elderly and persons with disabilities.

990 for the year ended March 31, 2025

Program accomplishments

  • To promote and provide for the development, rehabilitation and preservation of quality affordable housing in Rutland County for low to moderate income families, the elderly and persons with disabilities.
    Expenses $145,174

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

Tax yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024Check at the IRS

IRS record

EIN
20-1914244
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
2024
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,602,707
Income (IRS master file)
$128,326

Revocation and reinstatement

Exemption revoked
August 15, 2023
Posted by the IRS
November 13, 2023
Reinstated
Effective August 15, 2023

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$128,326$241,959$3,602,707XML
990March 2019–––IRS
990-N for 2016
Officer: Kevin Loso
March 31, 2017≤ $50,000 receipts––e-Postcard

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 20-1914244).

Questions about HOUSING INITIATIVES INC

What is the EIN of HOUSING INITIATIVES INC?
The employer identification number (EIN) of HOUSING INITIATIVES INC is 20-1914244.
Is HOUSING INITIATIVES INC tax-exempt?
Yes. The IRS revoked its exemption on August 15, 2023 and reinstated it effective August 15, 2023.
Are donations to HOUSING INITIATIVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOUSING INITIATIVES INC 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 HOUSING INITIATIVES INC due?
The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOUSING INITIATIVES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended March 2025.
Who is the principal officer of HOUSING INITIATIVES INC?
The 990-N for 2016 names Kevin Loso.
Who are the officers and directors of HOUSING INITIATIVES INC?
The 990 for the year ended March 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does HOUSING INITIATIVES INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $128,326, expenses of $241,959 and total assets of $3,602,707 at year end.

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