Nonprofit · EIN 85-1409438
EVERNORTH
Tax-exempt · BURLINGTON, VT 05401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,186,036 | $10,242,507 | $943,529 | $25,994,507 | $8,218,451 | $17,776,056 |
| December 31, 2023 | 990 | $8,935,294 | $9,124,614 | -$189,320 | $25,211,058 | $8,517,139 | $16,693,919 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,733
- Program service revenue
- $10,629,457
- Investment income
- $539,582
- Net gain from sales of assets
- $89,001
- Other revenue
- $11,264
Expenses
- Grants and similar amounts paid
- $30,891
- Compensation of officers, directors and key employees
- $2,052,429
- Other salaries and wages
- $4,268,115
- Salaries, compensation and benefits (total)
- $7,599,532
- Professional fundraising fees
- $0
- Legal fees
- $74,542
- Accounting fees
- $212,763
- Occupancy
- $369,064
- Travel
- $160,926
- Depreciation
- $79,687
- Program services (functional)
- $8,824,049
- Management and general (functional)
- $1,418,458
Balance sheet and other
- Total assets, start of year
- $25,211,058
- Total assets, end of year
- $25,994,507
- Total liabilities, end of year
- $8,218,451
- Net assets, end of year
- $17,776,056
- Land, buildings and equipment
- $456,175
- Publicly traded securities
- $4,792,638
- Net assets without donor restrictions
- $17,529,371
- Net assets with donor restrictions
- $246,685
- Gross receipts
- $16,738,404
- Employees
- 56
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- ME
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 |
|---|---|---|---|---|
| NANCY OWENS | PRESIDENT Officer | 40 | $268,896 | $45,581 |
| JANET SPITLER | TREASURER (END 12/31/24) Officer | 40 | $216,998 | $43,436 |
| WILLIAM ERIC SCHMITT | COO Key employee | 40 | $218,419 | $41,544 |
| CYNTHIA LACASSE | EXECUTIVE VP & CPO Key employee | 40 | $246,347 | $13,417 |
| KATHY BEYER | VP REAL ESTATE Key employee | 40 | $203,303 | $24,654 |
| ELIZABETH WAGNER-BOUTIN | VP COMMUNITY INVESTMENTS Key employee | 40 | $177,242 | $47,174 |
| SHERRIN VAIL | VP ASSET MANAGEMENT & PORTFOLIO INITIATIVES Key employee | 40 | $183,790 | $34,119 |
| JENNIFER OGDEN | VP HR & ORG. DEVELOPMENT Key employee | 40 | $180,693 | $32,902 |
| PAUL OTTOSON | DIRECTOR OF CAPITAL MANAGEMENT Highest-paid employee | 40 | $125,860 | $37,232 |
| JULIA MORGAN | DIRECTOR OF COMMUNITY INVESTMENT RISK MANAGEMENT Highest-paid employee | 40 | $130,451 | $30,356 |
| MICHAEL SPRAGUE | DIRECTOR OF ASSET MANAGEMENT Highest-paid employee | 40 | $123,746 | $35,272 |
| AMY DOHNER | PROJECT MANAGEMENT Highest-paid employee | 40 | $126,242 | $21,484 |
| DAVID GRAVES | CONTROLLER Highest-paid employee | 40 | $122,731 | $14,477 |
| CHARLIE BAKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KARA SWEENEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARYN HALE | ASST. TREASURER Trustee or director, Officer | 1 | $0 |
| CULLEN RYAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| JOHN VOGEL | DIRECTOR Trustee or director | 1 | $0 |
| AMY DEMETROWITZ | DIRECTOR Trustee or director | 1 | $0 |
| WALT GREINER | DIRECTOR Trustee or director | 1 | $0 |
| DAVE BIRKHAHN | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL CLARKE | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW WINTER | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MILLER | DIRECTOR Trustee or director | 1 | $0 |
| KELLY LAFLAMME | DIRECTOR Trustee or director | 1 | $0 |
| MIKE ANTHONY | DIRECTOR Trustee or director | 1 | $0 |
| ANNA ADACHI-MEJIA | DIRECTOR Trustee or director | 1 | $0 |
| MARC LANDRY | DIRECTOR (END 8/31/24) Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY OWENS | PRESIDENT Officer | 40 | $242,848 | $25,711 |
| ERIC W SCHMITT | VP - ASSET MGT Highest-paid employee | 40 | $179,911 | $21,608 |
| JANET SPITLER | TREASURER Officer | 40 | $177,590 | $23,120 |
| KATHY BEYER | VP - DEVELOPMENT Highest-paid employee | 40 | $175,559 | $16,172 |
| DEBORAH FLANNERY | VICE PRESIDENT Highest-paid employee | 40 | $167,213 | $17,716 |
| SHERRIN VAIL | VICE PRESIDENT Highest-paid employee | 40 | $166,907 | $16,880 |
| JENNIFER ODGEN | VICE PRESIDENT Highest-paid employee | 40 | $162,678 | $15,469 |
| WILLIAM SHANAHAN | CO-PRESIDENT (FORMER 7/23) Officer | 40 | $165,474 | $7,514 |
| CHARLIE BAKER | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KARA SWEENEY | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KARYN HALE | ASST. TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CULLEN RYAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JOHN VOGEL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AMY DEMETROWITZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WALT GREINER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARC LANDRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVE BIRKHAHN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CLARKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW WINTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MILLER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY LAFLAMME | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE ANTHONY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNA ADACHI-MEJIA | DIRECTOR (START 2023) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 BANK ST STE 400, BURLINGTON, VT 05401-0002
- Principal officer (990 for 2024)
- RICH GROGAN, 100 BANK STREET 400, BURLINGTON, VT 05401
- Signed the 990
- RICH GROGAN, TREASURER
- Phone
- (802) 863-8424
- Website
- WWW.EVERNORTHUS.ORG
- Return prepared by
- MCSOLEY MCCOY & CO
Mission
PRODUCE PERMANENTLY AFFORDABLE HOUSING AND ENABLE INVESTMENTS IN ECONOMIC AND COMMUNITY DEVELOPMENT TO BENEFIT RESIDENTS THROUGH PARTNERSHIPS WITH COMMUNITIES AND THE PRIVATE SECTOR.
Program accomplishments
- FOSTERING LOW-INCOME HOUSING, AND COMMUNITY DEVELOPMENT, ALLEVIATION AND PREVENTATION OF COMMUNITY DETERIORATION THROUGH THE PRODUCTION AND REHABILITATION OF AFFORDABLE HOUSING AS PROVIDED IN INTERNAL REVENUE SERVICE REVENUE PROCEDURE 96-32 (INLUDING SPECIFICALLY THE REQUIREMENTS THAT MUST BE SATISFIED TO QUALIFY UNDER THE SAFE HARBOR OF "FACTS AND CIRCUMSTANCES" TESTS).Expenses $8,824,049 · grants $30,891 · revenue $10,920,638
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 | Check at the IRS |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-1409438
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $26,678,175
- Income (IRS master file)
- $13,583,398
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,186,036 | $10,242,507 | $25,994,507 | IRS |
| 990 | December 2023 | $8,935,294 | $9,124,614 | $25,211,058 | XML |
| 990 | December 2022 | $9,285,260 | $8,351,216 | $25,975,172 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | 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 85-1409438).
Questions about EVERNORTH
- What is the EIN of EVERNORTH?
- The employer identification number (EIN) of EVERNORTH is 85-1409438.
- Is EVERNORTH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to EVERNORTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EVERNORTH 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 EVERNORTH 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 EVERNORTH 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 EVERNORTH?
- The 990 for the year ended December 31, 2024 names RICH GROGAN.
- Who are the officers and directors of EVERNORTH?
- The 990 for the year ended December 31, 2024 lists 28 people; 13 received compensation from the organization, the highest $268,896 (NANCY OWENS, PRESIDENT).
- How much revenue does EVERNORTH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,186,036, expenses of $10,242,507 and total assets of $25,994,507 at year end.
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- VERMONT HOUSING FINANCE AGENCY EIN 03-0239902 · last filed 990 for 2025
- COMMITTEE ON TEMPORARY SHELTER EIN 03-0285606 · last filed 990 for 2025
- EVERNORTH LOAN FUND INC EIN 03-0315075 · last filed 990 for 2024
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- H V REAL ESTATE HOLDINGS INC EIN 83-1025550 · last filed 990 for 2024
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All nonprofits in BURLINGTON · Vermont · Housing and shelter