2024-11-13T11:21:55-05:00 2023-12-31 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DR STE 403 COLCHESTER VT 05446 990 2023-01-01 223032009 ADDISON COUNTY COMMUNITY TRUST ADDI 8028772626 272 MAIN STREET VERGENNES VT 05491 ELISE SHANBACKER EXECUTIVE DIRECTOR 8028772626 2024-11-13 true false RANDALL L SARGENT CPA P00136499 8026555665 2024-11-13 2023 2024-10-15 13:58:12Z ADDISON HOUSING WORKS ELISE SHANBACKER 272 MAIN STREET VERGENNES VT 05491 6875510 false X WWW.ADDISONTRUST.ORG X 1989 VT ACCT STRIVES TO ENRICH THE LIVES OF LOW AND MODERATE INCOME PEOPLE OF ADDISON COUNTY BY DEVELOPING, MANAGING AND PRESERVING QUALITY, AFFORDABLE HOUSING AND PROVIDING SUPPORTS FOR FAMILIES, SENIORS AND INDIVIDUALS. 12 12 29 16 0 730819 4096193 2471611 2635524 -38745 64891 57445 43659 3221130 6840267 87124 24317 0 1375372 1567389 0 41533 1409819 1572208 2872315 3163914 348815 3676353 12665119 16638687 4921131 5218346 7743988 11420341 ACCT STRIVES TO ENRICH THE LIVES OF LOW AND MODERATE INCOME PEOPLE OF ADDISON COUNTY BY DEVELOPING, MANAGING AND PRESERVING QUALITY, AFFORDABLE HOUSING AND PROVIDING SUPPORTS FOR FAMILIES, SENIORS AND INDIVIDUALS. false false 2560481 2515524 PROPERTY OPERATIONS: OPERATION AND/OR STEWARDSHIP OF OVER 750 UNITS OF PERMANENTLY AFFORDABLE HOUSING; THIS INCLUDES: PROPERTY MANAGEMENT FOR 353 MULTIFAMILY TAX CREDIT APARTMENTS; OPERATION OF 340 LOTS IN NINE NONPROFIT ACCT-OWNED PARKS FOR OWNER-OCCUPIED MOBILE HOMES; AND DOWN PAYMENT GRANTS FOR MODERATE-INCOME HOUSEHOLDS WITH SUBSEQUENT STEWARDSHIP OF APPROXIMATELY 76 HOMES IN THE SHARED-EQUITY PROGRAM. APPROXIMATELY 800 HOUSEHOLDS WERE SERVED IN 2023. 131804 24317 120000 REHAB AND DEVELOPMENT: REHAB AND DEVELOPMENT OF NEW AFFORDABLE HOUSING UNITS TO ALLEVIATE THE COUNTY'S LESS-THAN-ONE-PERCENT VACANCY RATE, INCLUDING MULTIFAMILY APARTMENTS AND SINGLE-FAMILY HOMES. 195169 RESIDENT SERVICES: PROVIDING SASH (SUPPORT AND SERVICES AT HOME) SERVICES FOR ACCT SENIOR HOUSING RESIDENTS AND RESIDENTS IN THE SURROUNDING COMMUNITIES. APPROXIMATELY 190 SENIORS WERE SERVED IN 2023. ALSO PROVIDING RESIDENT SUPPORT SERVICES AS NEEDED TO FAMILIES AND RESIDENTS IMPACTED BY HOUSING INSTABILITY. APPROXIMATELY 100 HOUSEHOLDS WERE SERVED IN 2023. 2887454 true true false false false false false false true false true false true false false true true true false false false false false false false false false false true false false false false false false false false false false false false false true true true true false false true 17 0 29 true false false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true false false X KATHY DORMAN 8028772626 272 MAIN STREET VERGENNES VT 05491 ELISE SHANBACKER EXECUTIVE DI 40.00 X 101702 0 5305 JOHN BARSTOW PRESIDENT 2.00 X X 0 0 0 DAVID HAMILTON VICE PRESIDE 2.00 X X 0 0 0 JAMIE MCKENNA TREASURER 2.00 X X 0 0 0 PEGGY NELSON SECRETARY 2.00 X X 0 0 0 ANNA BURNS DIRECTOR 2.00 X 0 0 0 JON CRYSTAL DIRECTOR 2.00 X 0 0 0 MARIE LENNON DIRECTOR 2.00 X 0 0 0 KAREN LUEDERS DIRECTOR 2.00 X 0 0 0 INGRID PIXLEY DIRECTOR 2.00 X 0 0 0 LOUISE SANDBERG DIRECTOR 2.00 X 0 0 0 NATASHA SEN DIRECTOR 2.00 X 0 0 0 SARAH STAR DIRECTOR 2.00 X 0 0 0 BARRY FRANCIS LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 ABI SESSIONS LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 ROBERT COFFEY LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 101702 5305 1 false false false 16194 3687223 392776 6348 4096193 PROGRAM RELATED RENT INCOME 531190 1560022 1560022 PARK MANAGEMENT FEES 531390 546142 546142 APARTMENT MANAGEMENT SERVICES 531310 409360 409360 DEVELOPMENT FEES 531390 120000 120000 2635524 100134 100134 35243 -35243 -35243 -35243 MISCELLANEOUS INCOME 531390 43659 43659 43659 6840267 2643940 100134 24317 24317 107007 58854 36382 11771 1117886 1018277 84453 15156 21999 20484 1336 179 229671 202941 21942 4788 90826 79999 8865 1962 29558 29558 17698 17698 81053 71391 7911 1751 15164 13356 1480 328 142448 127056 12603 2789 838888 834915 3254 719 37531 33057 3663 811 111043 109405 1341 297 231593 230065 1251 277 49379 47250 1743 386 BAD DEBT 17853 16087 1447 319 3163914 2887454 234927 41533 1927164 1657677 294094 734451 92140 475337 348864 268550 482043 460238 9794 13247 67345 66271 14559701 3043670 8385115 11516031 202856 1049560 1145254 9000 98775 12665119 16638687 232187 451195 51672 49874 86178 81745 4551094 4635532 4921131 5218346 X 7195658 7656563 548330 3763778 7743988 11420341 12665119 16638687 X 3676353 X false true X true true true X 733674 1262438 1001822 730819 4096193 7824946 733674 1262438 1001822 730819 4096193 7824946 43249 7781697 462887 469742 -9596 -10561 100134 1012606 8837552 11907716 0.88050 0.79550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 5832797 5832797 1065760 441007 624753 4245235 2550411 1694824 58095 52252 5843 3357814 3357814 11516031 INVESTMENT IN PARTNERSHIPS 1145254 C 1145254 X 6840267 6840267 6840267 3163914 3163914 3163914 SCHEDULE D, PAGE 2, PART IV, LINE 2B ADDISON COUNTY COMMUNITY TRUST'S ESCROW LIABILITY ACCOUNT REFLECTS FUNDS HELD TEMPORARILY FOR THE PAYMENT OF PROPERTY TAX AND INSURANCE AND TENANT SECURITY DEPOSITS. ADDISON COUNTY COMMUNITY TRUST IS ACTING IN THE CAPACITY OF A THIRD-PARTY ON BEHALF OF THEIR TENANTS. SCHEDULE D, PAGE 3, PART X ACCT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XII, LINE 4B BOOK / TAX DEPRECIATION DIFFERENCE 300 true DOWN PAYMENT ASSISTANCE 1 24317 COST SCHEDULE I, PAGE 1, PART I, LINE 2 VHCB APPROVES ALL GRANTS AND RECEIVES COPIES OF CLOSING DOCUMENTS SECURING FUNDS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE FINANCE DIRECTOR FOR ACCURACY AND IS THEN SENT TO THE BOARD FINANCE COMMITTEE WHO ALSO REVIEWS IT AND RECOMMENDS ITS ACCEPTANCE TO THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C FORMS ARE COLLECTED AND REVIEWED ANNUALLY AT THE MAY MEETING. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD PERFORMS THE EXECUTIVE DIRECTOR'S ANNUAL EMPLOYMENT REVIEW AND THEN DETERMINES HER SALARY AND ANNUAL BONUS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. FINANCIALS ARE PUBLISHED IN THE ANNUAL REPORT ON ACCT'S WEBSITE. FORM 990, PART XI, LINE 9 BOOK / TAX DEPRECIATION DIFFERENCE 300 ADDISON COUNTY HOUSING GROUP LLC 272 MAIN STREET VERGENNES VT 05491 300586019 REAL ESTAT VT 1145254 ACCT ACCT MOBILE HOME PARKS LLC PO BOX 311 VERGENNES VT 05491 862591033 REAL ESTAT VT 6794117 ACCT ARMORY LANE HOUSING LTD PARTNERSHIP 100 BANK STREET BURLINGTON VT 05401 273385798 REAL ESTAT VT N/A RELATED -13 -14 false true 0.00090 ADDISON HOUSING LP 100 BANK STREET BURLINGTON VT 05401 030352098 REAL ESTAT VT N/A RELATED -739 -4213 false true 0.00500 CREEKVIEW HOUSING 100 BANK STREET BURLINGTON VT 05401 201245556 REAL ESTAT VT N/A RELATED -44240 239679 false true 0.99900 FIREHOUSE APARTMENTS LP 100 BANK STREET BURLINGTON VT 05401 880960022 REAL ESTAT VT N/A RELATED -8 81428 false true 0.00010 MIDDLEBURY SOUTH HOUSING LTD PTRSHP 100 BANK STREET BURLINGTON VT 05401 205689766 REAL ESTAT VT N/A RELATED -4 49 false true 0.00010 NORTH PLEASANT HOUSING 2 LTD PTRSHP 100 BANK STREET BURLINGTON VT 05401 383910645 REAL ESTAT VT N/A RELATED -6 119 false true 0.00010 OTTER CREEK HOUSING LTD PARTNERSHIP 100 BANK STREET BURLINGTON VT 05401 262068417 REAL ESTAT VT N/A RELATED -1 -53 false true 0.00010 PLEASANT HILLS LP 100 BANK STREET BURLINGTON VT 05401 320516868 REAL ESTAT VT N/A RELATED -4 40175 false true 0.00010 SMALLEST CITY HOUSING 100 BANK STREET BURLINGTON VT 05401 030463878 REAL ESTAT VT N/A RELATED -6 672 false true 0.00010 STONE HILL HOUSING LTD PARTNERSHIP 100 BANK STREET BURLINGTON VT 05401 203107791 REAL ESTAT VT N/A RELATED -78 1308 false true 0.00040 SW APARTMENTS LP 7 ASPEN DRIVE SOUTH BURLINGTON VT 05403 821137667 REAL ESTAT VT N/A RELATED -2 -23 false true 0.00010 VERGENNES COMMUNITY HLP 100 BANK STREET BURLINGTON VT 05401 841974508 REAL ESTAT VT N/A RELATED -8 534684 false true 0.00010 MCKNIGHT LANE LP 272 MAIN STREET VERGENNES VT 05491 811444565 REAL ESTAT VT N/A RELATED -11 201437 false true 0.00010 false true false false false false false false false false false true true false false false false false false RELATED PARTNERSHIPS MGMT FEES L 889364 COST FIREHOUSE LP CAPITAL CONTRIBUTIONS B 81346 COST FIREHOUSE DEVELOPMENT FEES RECEIVED S 120000 COST NORTH PLEASANT HOUSING 2 LP D 474900 COST