Nonprofit · EIN 22-2843473
DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC
Tax-exempt · BARRE, VT 05641
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,418,229 | $8,507,985 | $1,910,244 | $22,761,697 | $5,647,821 | $17,113,876 |
| December 31, 2023 | 990 | $6,665,930 | $5,451,350 | $1,214,580 | $18,731,814 | $3,755,722 | $14,976,092 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,272,609
- of which government grants
- $5,972,045
- Program service revenue
- $2,962,447
- Investment income
- $77,810
- Net rental income
- -$6,545
- Other revenue
- $105,363
Expenses
- Grants and similar amounts paid
- $3,441,017
- Compensation of officers, directors and key employees
- $147,154
- Other salaries and wages
- $1,808,743
- Salaries, compensation and benefits (total)
- $2,503,234
- Professional fundraising fees
- $0
- Legal fees
- $22,669
- Accounting fees
- $32,888
- Occupancy
- $269,292
- Travel
- $37,884
- Depreciation
- $465,305
- Program services (functional)
- $7,888,119
- Management and general (functional)
- $548,634
- Fundraising (functional)
- $71,232
Balance sheet and other
- Total assets, start of year
- $18,731,814
- Total assets, end of year
- $22,761,697
- Total liabilities, end of year
- $5,647,821
- Net assets, end of year
- $17,113,876
- Land, buildings and equipment
- $10,138,326
- Net assets without donor restrictions
- $12,949,515
- Net assets with donor restrictions
- $4,164,361
- Gross unrelated business income
- -$6,545
- Gross receipts
- $10,462,907
- Employees
- 50
- Volunteers
- 16
- Year formed
- 1987
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANGIE HARBIN | EXECUTIVE DI Officer | 40 | $134,026 | $13,128 |
| SCHUYLER ANDERSON | CFO Highest-paid employee | 40 | $116,922 | $14,616 |
| KEVIN ELLIS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LORI BELDING | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| PEGEEN MULHERN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SAMANTHA ABARE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| DAPHNE MAKINSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM ALVAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| POLLY NICHOL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RUBIN BENNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH COPELAND HANZAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PRISCILLA GILBERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBBIE HILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHANNA THIBAULT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HANNA GALE | DIRECTOR Trustee or director | 2 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TERRI JORDAN | DIRECTOR Trustee or director | 2 | $0 |
| EMMANUEL RIBY WILLIAMS | DIRECTOR Trustee or director | 2 | $0 |
| CHELSEA BOSTON LEFT JULY 2024 | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ANGIE HARBIN | EXECUTIVE DI Officer | 40 | $132,727 | $6,042 |
| SCHUYLER ANDERSON | CFO Highest-paid employee | 40 | $118,950 | $14,134 |
| KEVIN ELLIS | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LORI BELDING | VICE PRESIDE Trustee or director, Officer | 2 | $0 | $0 |
| DAPHNE MAKINSON | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| PEGEEN MULHERN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| EMMANUEL RIBY WILLIAMS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM ALVAREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| POLLY NICHOL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RUBIN BENNETT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SAMANTHA ABARE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARAH COPELAND HANZAS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PATRICIA GILBERT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TERRI JORDAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DEBBIE HILL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHELSEA BOSTON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CELINE DAVIS LEFT IN 2023 | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DANIEL BARLOW LEFT IN 2023 | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JEANNE RICHARDSON LEFT IN 2023 | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LARA LONON LEFT IN 2023 | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 22 KEITH AVE STE 100, BARRE, VT 05641-3709
- In care of
- % BONNIE SHADROUI
- Principal officer (990 for 2024)
- ANGIE HARBIN, 22 KEITH AVENUE SUITE 100, BARRE, VT 056413709
- Signed the 990
- ANGIE HARBIN, EXECUTIVE DIRECTOR
- Phone
- (802) 476-4493
- Website
- WWW.DOWNSTREET.ORG
- Return prepared by
- JMM & ASSOCIATES PC
Mission
DOWNSTREET STRENGTHENS THE COMMUNITIES OF CENTRAL VERMONT BY ENGAGING WITH PEOPLE, PROVIDING AFFORDABLE HOMES, AND CONNECTING PEOPLE TO THE RESOURCES AND SERVICES THEY NEED TO THRIVE.
Program accomplishments
- PROPERTY MANAGEMENT - ACCOUNTS FOR THE SERVICES PROVIDED TO OTHER PROPERTIES IN WHICH DOWNSTREET IS AN INVESTOR.Expenses $2,125,177 · grants $90,000 · revenue $1,380,710
- PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS OF THE FOLLOWING PROJECTS: BROMUR(SOLD IN 2023), BROOK STREET, GOOD NEIGHBORS, GREEN MOUNTAIN SEMINARY, EVERGREEN PLACE, FOUNDATION HOUSE, HILLSIDE, HUBBARD STREET, LAUREL STREET, LIMEHURST MOBILE HOME PARK, MAD RIVER MEADOWS, PHOENIX HOUSE, VERDMONT MOBILE HOME PARK, WHISTLESTOP MOBILE HOME PARK, AND THE YORRA BUILDING.Expenses $1,419,544 · revenue $1,008,651
- HOMEOWNERSHIP - ACCOUNTS FOR THE ACTIVITIES OF DOWNSTREET'S HOMEOWNERSHIP CENTER.Expenses $2,433,942 · grants $1,897,209 · revenue $40,125
- PROJECT DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF DOWNSTREET FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING.Expenses $1,909,456 · grants $1,453,808 · revenue $532,961
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2843473
- 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
- 1988
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $22,761,697
- Income (IRS master file)
- $10,462,907
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,418,229 | $8,507,985 | $22,761,697 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,665,930 | $5,451,350 | $18,731,814 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $6,169,989 | $4,631,088 | $17,964,468 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 22-2843473).
Questions about DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC
- What is the EIN of DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC?
- The employer identification number (EIN) of DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC is 22-2843473.
- Is DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT 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 DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names ANGIE HARBIN.
- Who are the officers and directors of DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 18 people; 2 received compensation from the organization, the highest $134,026 (ANGIE HARBIN, EXECUTIVE DI).
- How much revenue does DOWNSTREET HOUSING & COMMUNITY DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,418,229, expenses of $8,507,985 and total assets of $22,761,697 at year end.
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