Nonprofit · EIN 22-2864900
VERMONT COMMUNITY LOAN FUND INC
Tax-exempt · MONTPELIER, VT 05602
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,810,297 | $3,604,389 | $205,908 | $60,301,600 | $41,934,861 | $18,366,739 |
| December 31, 2024 | 990 | $3,729,488 | $3,186,578 | $542,910 | $54,034,638 | $35,873,807 | $18,160,831 |
| December 31, 2023 | 990 | $3,257,007 | $3,155,260 | $101,747 | $52,714,194 | $35,096,273 | $17,617,921 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $844,035
- of which government grants
- $163,111
- Program service revenue
- $2,263,947
- Investment income
- $607,677
- Other revenue
- $94,638
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $248,107
- Other salaries and wages
- $1,359,450
- Salaries, compensation and benefits (total)
- $1,899,215
- Professional fundraising fees
- $0
- Legal fees
- $2,707
- Accounting fees
- $53,671
- Occupancy
- $104,522
- Travel
- $11,165
- Depreciation
- $45,554
- Program services (functional)
- $2,941,560
- Management and general (functional)
- $541,110
- Fundraising (functional)
- $121,719
Balance sheet and other
- Total assets, start of year
- $54,034,638
- Total assets, end of year
- $60,301,600
- Total liabilities, end of year
- $41,934,861
- Net assets, end of year
- $18,366,739
- Land, buildings and equipment
- $122,286
- Publicly traded securities
- $5,727,901
- Net assets without donor restrictions
- $14,312,959
- Net assets with donor restrictions
- $4,053,780
- Gross receipts
- $3,810,297
- Employees
- 21
- Year formed
- 1987
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM BELONGIA | EXECUTIVE DI Officer | 40 | $234,863 | $13,243 |
| KATHERINE NELSON | EMPLOYEE Highest-paid employee | 40 | $139,676 | $8,484 |
| JAKE IDE | EMPLOYEE Highest-paid employee | 40 | $139,301 | $8,465 |
| DANIEL WINSLOW | EMPLOYEE Highest-paid employee | 40 | $109,769 | $6,988 |
| SARAH PHILLIPS | EMPLOYEE Highest-paid employee | 40 | $109,677 | $6,984 |
| DR ASMA ALI ABUNAIB | MEMBER Trustee or director | 1 | $0 | $0 |
| ARNE HAMMARLUND | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GWEN POKALO HART | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| KIM KEISER | MEMBER Trustee or director | 1 | $0 | $0 |
| CHLOE LEAREY | MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW PLASSE | MEMBER Trustee or director | 1 | $0 | $0 |
| LORENA NEIRONI ROSSI | MEMBER Trustee or director | – | $0 | $0 |
| JANET SPITLER | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE WERNHOFF | VICE PRESIDE Trustee or director, Officer | 1 | $0 | $0 |
| MICHAEL THOMPSON | SECRETARY Officer | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM BELONGIA | EXECUTIVE DI Officer | 40 | $223,731 | $12,687 |
| KATHERINE NELSON | EMPLOYEE Highest-paid employee | 40 | $133,680 | $8,184 |
| JAKE IDE | EMPLOYEE Highest-paid employee | 40 | $132,283 | $8,114 |
| DANIEL WINSLOW | EMPLOYEE Highest-paid employee | – | $105,808 | $6,790 |
| SARAH PHILLIPS | EMPLOYEE Highest-paid employee | – | $104,000 | $6,700 |
| DR ASMA ALI ABUNAIB | MEMBER Trustee or director | – | $0 | $0 |
| ARNE HAMMARLUND | TREASURER Trustee or director, Officer | – | $0 | $0 |
| GWEN POKALO HART | PRESIDENT Trustee or director, Officer | – | $0 | $0 |
| KIM KEISER | MEMBER Trustee or director | – | $0 | $0 |
| CHLOE LEAREY | MEMBER Trustee or director | – | $0 | $0 |
| IRA MARVIN | MEMBER Trustee or director | – | $0 | $0 |
| MATTHEW PLASSE | MEMBER Trustee or director | – | $0 | $0 |
| JANET SPITLER | MEMBER Trustee or director | – | $0 | $0 |
| STEPHANIE WERNHOFF | VICE PRESIDE Trustee or director, Officer | – | $0 | $0 |
| MICHAEL THOMPSON | SECRETARY Officer | – | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM BELONGIA | EXECUTIVE DI Officer | 40 | $210,500 | $12,026 |
| JAKE IDE | EMPLOYEE Highest-paid employee | 40 | $126,252 | $7,812 |
| KATHERINE NELSON | EMPLOYEE Highest-paid employee | 40 | $124,522 | $7,726 |
| DR ASMA ALI ABUNAIB | MEMBER Trustee or director | 1 | $0 | $0 |
| JOSE AGUAYO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ARNE HAMMARLUND | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| KIM KEISER | MEMBER Trustee or director | 1 | $0 | $0 |
| CHLOE LEAREY | MEMBER Trustee or director | 1 | $0 | $0 |
| IRA MARVIN | MEMBER Trustee or director | 1 | $0 | $0 |
| MATTHEW PLASSE | MEMBER Trustee or director | 1 | $0 | $0 |
| GWEN POKALO | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| MICHAEL THOMPSON | MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE WERNHOFF | VICE PRESIDE Trustee or director, Officer | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 7 SCHOOL ST, MONTPELIER, VT 05602-2911
- Principal officer (990 for 2025)
- WILLIAM BELONGIA, 1851 SHAW MANSION ROAD, WATERBURY CENTER, VT 05677
- Signed the 990
- WILLIAM BELONGIA, EXECUTIVE DIRECTOR
- Phone
- (802) 223-1448
- Website
- WWW.VCLF.ORG
- Return prepared by
- KITTELL BRANAGAN & SARGENT
Mission
INVESTING IN PEOPLE AND COMMUNITIES TO CREATE A JUST AND THRIVING VERMONT
Program accomplishments
- THE ORGANIZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.Expenses $2,941,560 · revenue $2,263,947
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 | 990 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
- 22-2864900
- 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)
- $60,301,600
- Income (IRS master file)
- $3,810,297
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,810,297 | $3,604,389 | $60,301,600 | XML |
| 990 | December 2024 | $3,729,488 | $3,186,578 | $54,034,638 | XML |
| 990 | December 2023 | $3,257,007 | $3,155,260 | $52,714,194 | XML |
| 990 | December 2022 | $3,049,200 | $2,677,781 | $51,802,353 | IRS |
| 990 | 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 22-2864900).
Questions about VERMONT COMMUNITY LOAN FUND INC
- What is the EIN of VERMONT COMMUNITY LOAN FUND INC?
- The employer identification number (EIN) of VERMONT COMMUNITY LOAN FUND INC is 22-2864900.
- Is VERMONT COMMUNITY LOAN FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1988.
- Are donations to VERMONT COMMUNITY LOAN FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERMONT COMMUNITY LOAN FUND 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 VERMONT COMMUNITY LOAN FUND INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERMONT COMMUNITY LOAN FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VERMONT COMMUNITY LOAN FUND INC?
- The 990 for the year ended December 31, 2025 names WILLIAM BELONGIA.
- Who are the officers and directors of VERMONT COMMUNITY LOAN FUND INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 5 received compensation from the organization, the highest $234,863 (WILLIAM BELONGIA, EXECUTIVE DI).
- How much revenue does VERMONT COMMUNITY LOAN FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,810,297, expenses of $3,604,389 and total assets of $60,301,600 at year end.
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All nonprofits in MONTPELIER · Vermont · Housing and shelter