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Vermont Housing Finance Agency

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$55.9M (2023)

Expenses
$48.4M (2023)

Total Assets
$516M (2023)

Total Liabilities
$411M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

No Extracted Financial Data

Form 990 documents are not available for this tax period, but audit documents are available for download.

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$55,948,964
Expenses
$48,393,165
Net Income
$7,555,799
Net Assets
$104,516,051
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,761,373
94.3%
Investment Income $2,326,385
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $861,206
1.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $405,485
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $4,103,761
8.5%
Assets/Debt
Total Assets $515,556,034
Total Liabilities $411,039,983
Net Assets $104,516,051
Compensation
Key Employees and Officers Compensation Related Other
Maura Collins (Officer) $160,507 $0 $46,395
Chris Flannery (Officer) $149,710 $0 $22,557
George Demas (General Counsel) $142,638 $0 $20,781
Seth Leonard (Managing Director Of Community Development) $112,722 $0 $21,369
Jacklyn Santerre (Managing Director Of Homeo) $111,755 $0 $31,609
Fred Baser (Commissioner) $0 $0 $0
Lindsay Kurrle (Commissioner) $0 $0 $0
Thomas Leavitt (Commissioner) $0 $0 $0
Jeanne Morrissey (Commissioner) $0 $0 $0
Michael Pieciak (Commissioner) $0 $0 $0
Gustave Seelig (Commissioner) $0 $0 $0
Katie Stuart Buckley (Commissioner) $0 $0 $0
Kevin Gaffney (Commissioner) $0 $0 $0
Marie Milord Ajanma (Commissioner) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,283,323
Expenses
$33,470,780
Net Income
$5,812,543
Net Assets
$104,061,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,452,030
95.3%
Investment Income $553,761
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,277,532
3.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $369,189
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $3,794,400
11.3%
Assets/Debt
Total Assets $493,373,180
Total Liabilities $389,311,235
Net Assets $104,061,945
Compensation
Key Employees and Officers Compensation Related Other
Maura Collins (Officer) $153,901 $0 $48,205
Chris Flannery (Officer) $144,194 $0 $21,567
George Demas (General Counsel) $134,666 $0 $17,901
Seth Leonard (General Counsel) $112,079 $0 $15,020
Jacklyn Santere (Managing Director Of Homeo) $107,537 $0 $33,154
Lamont Barnett (Commissioner) $0 $0 $0
Fred Baser (Commissioner) $0 $0 $0
Lindsay Kurrie (Commissioner) $0 $0 $0
Thomas Leavitt (Commissioner) $0 $0 $0
Jeanne Morrissey (Commissioner) $0 $0 $0
Elizabeth Pearce (Commissioner) $0 $0 $0
Michael Pieciak (Commissioner) $0 $0 $0
Gustave Seelig (Commissioner) $0 $0 $0
Katie Stuart Buckley (Commissioner) $0 $0 $0
Kevin Gaffney (Commissioner) $0 $0 $0
Marie Milord Ajanma (Commissioner) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,569,520
Expenses
$26,192,036
Net Income
$4,377,484
Net Assets
$115,557,940
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,122,488
95.3%
Investment Income $514,090
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $932,942
3.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $354,645
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,613,394
13.8%
Assets/Debt
Total Assets $515,924,415
Total Liabilities $400,366,475
Net Assets $115,557,940
Compensation
Key Employees and Officers Compensation Related Other
Maura Collins (Officer) $154,945 $0 $46,217
Chris Flannery (Officer) $143,477 $0 $16,082
George Demas (General Counsel) $134,844 $0 $15,408
Seth Leonard (General Counsel) $111,247 $0 $12,170
Jacklyn Santere (Managing Director Of Homeownership) $108,563 $0 $32,270
Lamont Barnett (Commissioner) $0 $0 $0
Fred Baser (Commissioner) $0 $0 $0
Lindsay Kurrie (Commissioner) $0 $0 $0
Thomas Leavitt (Commissioner) $0 $0 $0
Jeanne Morrissey (Commissioner) $0 $0 $0
Elizabeth Pearce (Commissioner) $0 $0 $0
Michael Pieciak (Commissioner) $0 $0 $0
Gustave Seelig (Commissioner) $0 $0 $0
Katie Stuart Buckley (Commissioner) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,432,850
Expenses
$25,561,237
Net Income
$4,871,613
Net Assets
$113,198,438
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,029,812
92.1%
Investment Income $1,310,359
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,092,679
3.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $387,079
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,348,194
13.1%
Assets/Debt
Total Assets $617,873,487
Total Liabilities $504,675,049
Net Assets $113,198,438
Compensation
Key Employees and Officers Compensation Related Other
Maura Collins (Officer) $140,650 $0 $12,544
George Demas (General Counsel) $124,418 $0 $0
Thomas R Connors (Officer, Term Ended 10/18/19) $123,947 $0 $3,162
Jacklyn Santere (Managing Director Of Homeownership) $101,927 $0 $5,702
Chris Flannery (Officer) $41,749 $0 $22
Lamont Barnett (Commissioner) $0 $0 $0
Fred Baser (Commissioner) $0 $0 $0
Lindsay Kurrie (Commissioner) $0 $0 $0
Thomas Leavitt (Commissioner) $0 $0 $0
Jeanne Morrissey (Commissioner) $0 $0 $0
Elizabeth Pearce (Commissioner) $0 $0 $0
Michael Pieciak (Commissioner) $0 $0 $0
Michael Schirling (Commissioner) $0 $0 $0
Gustave Seelig (Commissioner) $0 $0 $0
Katie Stuart Buckley (Commissioner) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,631,091
Expenses
$25,532,821
Net Income
$4,098,270
Net Assets
$99,338,618
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,657,113
90.0%
Investment Income $1,988,924
6.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $985,054
3.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $356,868
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,424,117
13.4%
Assets/Debt
Total Assets $576,624,934
Total Liabilities $477,286,316
Net Assets $99,338,618
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Exe. Dir/Secretary) $165,351 $0 $26,995
Thomas R Connors (Cfo, Term Ended 10/18/19) $131,071 $0 $24,260
George Demas (General Counsel) $121,994 $0 $16,950
Maura Collins (Deputy Director) $120,074 $0 $31,303
Gustave Seelig (Commissioner) $0 $0 $0
Lamont Barnett (Commissioner) $0 $0 $0
Dagyne Canney (Commissioner) $0 $0 $0
Fred Baser (Commissioner) $0 $0 $0
Elizabeth Pearce (Commissioner) $0 $0 $0
Katie Stuart Buckley (Commissioner) $0 $0 $0
Jeanne Morrissey (Commissioner) $0 $0 $0
L Randolph Amis (Commissioner) $0 $0 $0
Thomas Leavitt (Commissioner) $0 $0 $0
Michael Pieciak (Commissioner) $0 $0 $0
Michael Schirling (Commissioner) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$27,027,571
Expenses
$23,166,737
Net Income
$3,860,834
Net Assets
$86,013,500
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $24,702,735
91.4%
Investment Income $1,156,311
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,168,525
4.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $332,226
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,311,679
14.3%
Assets/Debt
Total Assets $536,850,562
Total Liabilities $450,837,062
Net Assets $86,013,500
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Executive Director/Secreta) $159,025 $0 $23,913
Dave Adams (Chief Of Program Operation) $135,350 $0 $31,474
Thomas R Connors (Chief Financial Officer) $126,527 $0 $22,761
George Demas (General Counsel) $117,653 $0 $13,621
Gustave Seelig (Trustee) $0 $0 $0
Lamont Barnett (Trustee) $0 $0 $0
Dagyne Canney (Trustee) $0 $0 $0
Elizabeth Pearce (Trustee) $0 $0 $0
Jeanne Morrissey (Trustee) $0 $0 $0
L Randolph Amis (Trustee) $0 $0 $0
Michael Pieciak (Trustee) $0 $0 $0
Michael Schirling (Trustee) $0 $0 $0
Thomas Leavitt (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$28,421,612
Expenses
$22,178,111
Net Income
$6,243,501
Net Assets
$87,999,401
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,313,423
92.6%
Investment Income $1,035,174
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,073,015
3.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $322,630
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $3,139,955
14.2%
Assets/Debt
Total Assets $517,062,704
Total Liabilities $429,063,303
Net Assets $87,999,401
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Executive Director/Secreta) $156,464 $0 $22,102
Thomas R Connors (Chief Financial Officer) $122,715 $0 $21,349
Dave Adams (Chief Of Program Operation) $120,010 $0 $28,835
George Demas (General Cou Nsel) $114,033 $0 $13,288
Gustave Seelig (Trustee) $0 $0 $0
Lamont Barnett (Trustee) $0 $0 $0
Dagyne Canney (Trustee) $0 $0 $0
Elizabeth Pearce (Trustee) $0 $0 $0
Jeanne Morrissey (Trustee) $0 $0 $0
L Randolph Amis (Trustee) $0 $0 $0
Michael Pieciak (Trustee) $0 $0 $0
Michael Schirling (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$33,184,259
Expenses
$24,995,788
Net Income
$8,188,471
Net Assets
$88,833,674
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $26,346,491
79.4%
Investment Income $1,192,288
3.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,890,103
14.7%
Net Inventory Sales $0
Other Revenue $755,377
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $350,116
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $3,041,862
12.2%
Assets/Debt
Total Assets $546,588,782
Total Liabilities $457,755,108
Net Assets $88,833,674
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Executive Director/Secretary) $150,988 $0 $46,762
Thomas R Connors (Chief Financial Officer) $118,959 $0 $33,407
Dave Adams (Chief Of Program Operations) $118,383 $0 $41,197
George Demas (General Cou Nsel) $110,674 $0 $30,210
Gustave Seelig (Trustee) $0 $0 $0
Lamont Barnett (Trustee) $0 $0 $0
Dagyne Canney (Trustee) $0 $0 $0
Jennifer Hollar (Trustee) $0 $0 $0
Elizabeth Pearce (Trustee) $0 $0 $0
Lisa Mitiguy Randall (Trustee) $0 $0 $0
Jeanne Morrissey (Trustee) $0 $0 $0
L Randolph Amis (Trustee) $0 $0 $0
Cynthia Stuart (Trustee) $0 $0 $0
Patricia Moulton (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,398,078
Expenses
$27,885,315
Net Income
$3,512,763
Net Assets
$80,645,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,205,086
89.8%
Investment Income $1,439,773
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,733,534
5.5%
Net Inventory Sales $0
Other Revenue $19,685
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $307,334
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,866,086
10.3%
Assets/Debt
Total Assets $550,960,264
Total Liabilities $470,315,061
Net Assets $80,645,203
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Executive Director/Secretary) $144,438 $0 $23,870
Thomas R Connors (Chief Financial Officer) $115,110 $0 $23,826
Dave Adams (Chief Of Program Operations) $112,898 $0 $32,536
George Demas (General Cou Nsel) $107,704 $0 $15,321
Lamont Barnett (Trustee) $974 $0 $0
Dagyne Canney (Trustee) $785 $0 $0
Lisa Mitiguy Randall (Trustee) $640 $0 $0
Thomas N Pelletier (Trustee) $0 $0 $0
Gustave Seelig (Trustee) $0 $0 $0
Thomas Candon (Trustee) $0 $0 $0
Jennifer Hollar (Trustee) $0 $0 $0
Elizabeth Pearce (Trustee) $0 $0 $0
Jeanne Morrissey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,504,774
Expenses
$31,434,559
Net Income
$4,070,215
Net Assets
$77,132,440
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,999,308
87.3%
Investment Income $1,969,454
5.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $2,536,012
7.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $160,013
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $2,970,113
9.4%
Assets/Debt
Total Assets $563,863,154
Total Liabilities $486,730,714
Net Assets $77,132,440
Compensation
Key Employees and Officers Compensation Related Other
Sarah Carpenter (Executive Director/Secretary) $140,405 $0 $21,781
Thomas R Connors (Chief Financial Officer) $111,142 $0 $22,038
Dave Adams (Chief Of Program Operations) $110,174 $0 $28,332
George Demas (General Cou Nsel) $104,782 $0 $14,824
Patricia Loller () $101,368 $0 $13,119
Lamont Barnett (Trustee) $1,077 $0 $0
Dagyne Canney (Trustee) $916 $0 $0
Thomas N Pelletier (Trustee) $0 $0 $0
Gustave Seelig (Trustee) $0 $0 $0
Thomas Candon (Trustee) $0 $0 $0
Jennifer Hollar (Trustee) $0 $0 $0
Bartlett Frisbee (Trustee) $0 $0 $0
Elizabeth Pearce (Trustee) $0 $0 $0
Lisa Mitiguy Randall (Trustee) $0 $0 $0
Jeanne Morrissey (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,927,324
Expenses
$36,954,446
Net Income
-$5,027,122
Net Assets
$73,062,249
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,481,672
> 100%
Investment Income $2,711,959
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$6,266,307
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $158,486
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,822,693
7.6%
Assets/Debt
Total Assets $631,175,797
Total Liabilities $558,113,548
Net Assets $73,062,249

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,224,385
Expenses
$44,827,758
Net Income
$1,396,627
Net Assets
$86,669,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,114,514
86.8%
Investment Income $2,249,207
4.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $3,860,664
8.4%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $153,525
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,709,588
6.0%
Assets/Debt
Total Assets $752,823,757
Total Liabilities $666,154,377
Net Assets $86,669,380

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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