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Nonprofit · EIN 22-2536446

CHAMPLAIN HOUSING TR

Tax-exempt · BURLINGTON, VT 05401

Financials

$50.2M$25.7M2022$40.5M$30.7M2023$55.9M$39.3M2024
Revenue Expenses · by fiscal year end
Financials of CHAMPLAIN HOUSING TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$55,910,102$39,252,863$16,657,239$201,675,106$57,856,557$143,818,549
September 30, 2024990$40,497,603$30,721,873$9,775,730$179,961,640$52,094,901$127,866,739
September 30, 2023990$50,180,184$25,670,517$24,509,667$191,531,660$49,930,941$141,600,719
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$33,309,427
of which government grants
$27,726,014
Program service revenue
$19,435,517
Investment income
$1,441,176
Net gain from sales of assets
$1,153,633
Net income from fundraising events
-$17,574
Other revenue
$1,723,982

Expenses

Grants and similar amounts paid
$1,623,157
Compensation of officers, directors and key employees
$565,834
Other salaries and wages
$9,758,177
Salaries, compensation and benefits (total)
$14,625,414
Professional fundraising fees
$0
Legal fees
$137,509
Accounting fees
$315,278
Occupancy
$5,984,930
Travel
$194,501
Depreciation
$1,945,193
Program services (functional)
$33,951,869
Management and general (functional)
$4,974,803
Fundraising (functional)
$326,191

Balance sheet and other

Total assets, start of year
$179,961,640
Total assets, end of year
$201,675,106
Total liabilities, end of year
$57,856,557
Net assets, end of year
$143,818,549
Land, buildings and equipment
$73,883,627
Publicly traded securities
$10,143,574
Net assets without donor restrictions
$110,312,641
Net assets with donor restrictions
$33,505,908
Gross receipts
$67,226,530
Employees
187
Volunteers
150
Year formed
1984
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 / weekCompensationOther / benefits
MICHAEL MONTECEO
Officer
40$169,361$27,916
AMELIA DEMETROWITZCHIEF OPERATING OFFICER
Officer
40$142,390$36,692
CHERYL READCAO/CFO
Officer
40$128,064$32,851
CHRISTOPHER DONNELLYDIR. OF COMMUNITY RELATIONS
Highest-paid employee
40$122,140$35,857
MIRANDA LESCAZEDIR. OF REAL ESTATE DEVELOPMENT
Highest-paid employee
40$111,854$35,446
JOSHUA CHANTDIRECTOR OF FINANCE
Highest-paid employee
40$110,826$35,410
JULIE FARRELL CURTINDIRECTOR OF HOMEOWNERSHIP
Highest-paid employee
40$109,608$25,783
MICHAEL OHLERDIR. OF RESIDENT SERV. & HOMELESSNESS PREVENTION I
Highest-paid employee
40$114,702$5,343
SARAH ROBINSONPRESIDENT
Trustee or director, Officer
5$0$0
LISA LORDVICE PRESIDENT
Trustee or director, Officer
5$0$0
NICOLE MACETREASURER
Trustee or director, Officer
5$0$0
JEFF SMITHVICE TREASURER
Trustee or director, Officer
5$0$0
REGINA MAHONYSECRETARY
Trustee or director, Officer
5$0$0
HELEN HEADDIRECTOR
Trustee or director
5$0$0
ISSOUF OUATTARADIRECTOR
Trustee or director
5$0$0
10 more people on this return
NameTitleHours / weekCompensation
JOAN LENESDIRECTOR
Trustee or director
5$0
KATE CAPPLEMAN SINZDIRECTOR
Trustee or director
5$0
LIZ GAMACHEDIRECTOR
Trustee or director
5$0
NAIMA DENNISDIRECTOR
Trustee or director
5$0
RACHEL JOLLYDIRECTOR
Trustee or director
5$0
RACHYL PHILLIPSDIRECTOR
Trustee or director
5$0
ERIC SCHMITTDIRECTOR
Trustee or director
5$0
KATHY T LUCEDIRECTOR (UNTIL 1/25)
Trustee or director
5$0
GILLIAN NANTONDIRECTOR (UNTIL 5/25)
Trustee or director
5$0
ISAAC OWUSUDIRECTOR (UNTIL 8/25)
Trustee or director
5$0
990 for the year ended September 30, 2024: 23 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL MONTECEO
Officer
40$162,189$24,842
AMELIA DEMETROWITZCHIEF OPERATING OFFICER
Officer
40$134,986$32,671
CHERYL READCAO/CFO
Officer
40$122,377$31,943
CHRISTOPHER DONNELLYDIRECTOR OF COMMUNITY RELATIONS
Highest-paid employee
40$111,247$31,669
JOSH CHANTDIRECTOR OF FINANCE
Highest-paid employee
40$103,831$31,327
MIRANDA LESCAZEDIR. OF REAL ESTATE DEVELOPMENT
Highest-paid employee
40$102,728$31,333
MICHAEL OHLERDIR.OF RESIDENT SERVICES & HOMELESSNESS PREVENTION
Highest-paid employee
40$106,227$4,762
JULIE CURTINDIRECTOR OF HOMEOWNERSHIP
Highest-paid employee
40$104,445$4,887
JEFF SMITHPRESIDENT
Trustee or director, Officer
5$0$0
GILLIAN NANTONVICE PRESIDENT
Trustee or director, Officer
5$0$0
SARAH ROBINSONTREASURER
Trustee or director, Officer
5$0$0
NICOLE MACEVICE TREASURER
Trustee or director, Officer
5$0$0
LISA LORDSECRETARY
Trustee or director, Officer
5$0$0
HELEN HEADDIRECTOR
Trustee or director
5$0$0
ISAAC OWUSUDIRECTOR
Trustee or director
5$0$0
ISSOUF OUATTARADIRECTOR
Trustee or director
5$0$0
JOAN LENESDIRECTOR
Trustee or director
5$0$0
KATE CAPPLEMAN SINZDIRECTOR
Trustee or director
5$0$0
KATHY T LUCEDIRECTOR
Trustee or director
5$0$0
LIZ GAMACHEDIRECTOR
Trustee or director
5$0$0
NAIMA DENNISDIRECTOR
Trustee or director
5$0$0
RACHYL PHILLIPSDIRECTOR
Trustee or director
5$0$0
REGINA MAHONYDIRECTOR
Trustee or director
5$0$0
990 for the year ended September 30, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
MICHAEL MONTECEO
Officer
40$153,510$19,318
AMELIA DEMETROWITZCOO
Officer
40$126,622$26,125
CHERYL READCAO/CFO
Officer
40$116,263$28,518
CHRISTOPHER DONNELLYEMPLOYEE
Highest-paid employee
40$100,737$30,801
BRENDA TORPYEMPLOYEE
Highest-paid employee
40$103,173$2,850
JESSIE BAKERSECRETARY
Trustee or director
5$0$0
HELEN HEADDIRECTOR
Trustee or director
5$0$0
GILLIAN NANTONVICE PRESIDENT
Trustee or director
5$0$0
ISSOUF OUATTARADIRECTOR
Trustee or director
5$0$0
JOAN LENESDIRECTOR
Trustee or director
5$0$0
JEFF SMITHPRESIDENT
Trustee or director
5$0$0
KATE CAPPLEMAN SINZDIRECTOR
Trustee or director
5$0$0
KATHY T LUCEDIRECTOR
Trustee or director
5$0$0
LISA LORDDIRECTOR
Trustee or director
5$0$0
LIZ GAMACHEDIRECTOR
Trustee or director
5$0$0
NAIMA DENNISDIRECTOR
Trustee or director
5$0$0
NICOLE MACEVICE TREASURER
Trustee or director
5$0$0
RACHYL PHILLIPSDIRECTOR
Trustee or director
5$0$0
SARAH ROBINSONTREASURER
Trustee or director
5$0$0

Address and contacts

Address (IRS master file)
88 KING STREET, BURLINGTON, VT 05401-5089
Principal officer (990 for 2024)
CHERYL READ, 88 KING STREET, BURLINGTON, VT 05401
Signed the 990
CHERYL READ, CAO/CFO
Phone
(802) 862-6244
Return prepared by
AAFCPAS INC

Mission

CHAMPLAIN HOUSING TRUST'S MISSION STATEMENT ASSERTS OUR PRIMARY EXEMPT PURPOSE AS FOLLOWS: CHT IS A COMMUNITY LAND TRUST THAT SUPPORTS THE PEOPLE OF NORTHWEST VERMONT AND STRENGTHENS THEIR COMMUNITIES THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES AND RELATED COMMUNITY ASSETS.

990 for the year ended September 30, 2025

Program accomplishments

  • THE ORGANIZATION OWNS AND MANAGES PROPERTY TO PROVIDE ACCESS TO PERMANENTLY AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS. THE ORGANIZATION ALSO PROVIDES A WIDE RANGE OF TENANT AND RESIDENT SERVICES TO HELP ALLEVIATE HOMELESSNESS AND PROMOTE HOUSING AND FINANCIAL STABILITY.
    Expenses $19,920,768 · revenue $21,177,073
  • THE ORGANIZATION PROVIDES A SUITE OF HOMEOWNERSHIP SERVICES INCLUDING EDUCATION TO ASSIST WITH CREDIT, BUDGETING, HOME PURCHASE, AND POST-PURCHASE TOPICS; AFFORDABLE LOANS TO ASSIST WITH THE PURCHASE OR ESSENTIAL REPAIR OF HOMES; AND ACCESS TO AFFORDABLE HOME PURCHASES THROUGH ITS SIGNATURE SHARED EQUITY PROGRAM. THE ORGANIZATION ALSO PROVIDES ONGOING STEWARDSHIP OF ITS PERMANENTLY AFFORDABLE, OWNER-OCCUPIED HOME PORTFOLIO, INCLUDING FACILITATION OF HOME PURCHASES AND SALES.
    Expenses $3,693,561 · grants $1,623,157
  • THE ORGANIZATION IS ENGAGED IN REAL ESTATE DEVELOPMENT, FOCUSED ON PROVIDING AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS AS WELL AS NONPROFIT COMMUNITY FACILITIES.
    Expenses $10,337,540

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
22-2536446
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
1985
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$201,675,106
Income (IRS master file)
$67,226,530

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$55,910,102$39,252,863$201,675,106XML
990September 2024$40,497,603$30,721,873$179,961,640XML
990September 2023$50,180,184$25,670,517$191,531,660XML
990September 2022$41,552,013$21,202,317$174,853,503IRS
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 22-2536446).

Questions about CHAMPLAIN HOUSING TR

What is the EIN of CHAMPLAIN HOUSING TR?
The employer identification number (EIN) of CHAMPLAIN HOUSING TR is 22-2536446.
Is CHAMPLAIN HOUSING TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to CHAMPLAIN HOUSING TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHAMPLAIN HOUSING TR 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 CHAMPLAIN HOUSING TR 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 CHAMPLAIN HOUSING TR 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 CHAMPLAIN HOUSING TR?
The 990 for the year ended September 30, 2025 names CHERYL READ.
Who are the officers and directors of CHAMPLAIN HOUSING TR?
The 990 for the year ended September 30, 2025 lists 25 people; 8 received compensation from the organization, the highest $169,361 (MICHAEL MONTE, CEO).
How much revenue does CHAMPLAIN HOUSING TR have?
On its 990 for the year ended September 30, 2025 it reported revenue of $55,910,102, expenses of $39,252,863 and total assets of $201,675,106 at year end.

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