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Housing Trust Of Rutland County Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030280726 ✦ Rutland, VT ✦ Designated as a 501(c)(3)

Overview

What is Housing Trust Of Rutland County Inc?

Housing Trust of Rutland County Inc is a nonprofit organization situated in Rutland, Vermont. With a mission to help lower-income individuals and families, the organization primarily accomplishes this by seeking grants and low-interest loans from resource providers serving Vermont. These financial aids help minimize or eliminate debt service associated with properties, thereby reducing their operating costs. As a result, the organization provides and preserves affordable, safe, decent, and attractive housing options for the community. With a team of 25 employees, Housing Trust of Rutland County Inc plays a pivotal role in ensuring access to housing for those in need.


Official website here: www.housingrutland.org

Is Housing Trust Of Rutland County Inc legitimate?

Housing Trust Of Rutland County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Trust Of Rutland County Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $250,029
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,100

For more financial information, click here


Official website here: www.housingrutland.org

What is the mission statement of Housing Trust Of Rutland County Inc?

The Housing Trust of Rutland County Inc's mission is centered around assisting individuals and families with lower income levels. The organization strives to provide and preserve affordable housing options that are safe, decent, and attractive. This is primarily achieved by securing grants and low-interest loans from resource providers serving Vermont. The received grants and loans help minimize or eliminate debt service associated with properties, thereby reducing the operating costs of housing for lower-income families and individuals.


Official website here: www.housingrutland.org

Who is the CEO of Housing Trust Of Rutland County Inc?

Mary Cohen is the Director of Housing Trust Of Rutland County Inc.


Official website here: www.housingrutland.org

What is the revenue of Housing Trust Of Rutland County Inc?

Housing Trust Of Rutland County Inc's revenue in 2022 was $2,048,290.


Official website here: www.housingrutland.org

Who are the executives of Housing Trust Of Rutland County Inc and what are their salaries?

The average compensation at Housing Trust Of Rutland County Inc during 2022 was $37,085. There are 25 employees at Housing Trust Of Rutland County Inc.

Here are 16 key members and their salaries:

    Mary Cohen (Executive Director)
  • Compensation: $100,705
  • Related: $0
  • Other: $0

    • Erika Lamb (Director Of Finance)
  • Compensation: $81,891
  • Related: $0
  • Other: $0

    • Kevin Rooney (Director Of Asset And Property Management)
  • Compensation: $48,090
  • Related: $0
  • Other: $0

    • William Ackerman (Director Of Asset And Property Management)
  • Compensation: $19,343
  • Related: $0
  • Other: $0

    • Bill Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Reynolds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lynne Klamm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sarah Gordon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sherman Hunter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Norm Lash (Past President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donnaleen Farwell (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Oliviero (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Roger Louiselle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Gross (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott Dikeman (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dylan Watts (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.housingrutland.org

    Where can I find the form 990 for Housing Trust Of Rutland County Inc?

    The Housing Trust Of Rutland County Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.housingrutland.org

    Learn more at the official website: www.housingrutland.org

    Mission Statement of Housing Trust Of Rutland County Inc

    Housing Trust of Rutland County Inc is a nonprofit organization dedicated to assisting lower-income individuals and families by ensuring they have affordable access to safe, decent, and attractive housing. They accomplish this mission primarily by seeking grants and low-interest loans from resource providers serving Vermont. These financial aid sources either minimize or eliminate the debt service associated with subject properties, consequently reducing the operating costs of housing for those in need. By doing so, Housing Trust of Rutland County Inc plays a significant role in making housing more affordable for lower-income families and individuals.

    Impact

    This information is meant to be a general summary of Housing Trust Of Rutland County Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Housing Trust Of Rutland County Inc's impact is significant in providing and preserving affordable access to safe, decent, and attractive housing for lower income people in Rutland, Vermont. Through their rental program and ground lease program, the organization reduces operating costs of housing for lower income families and individuals by soliciting grants and low-interest loans. By minimizing or eliminating debt service associated with subject properties, the Housing Trust Of Rutland County Inc plays a crucial role in addressing housing affordability issues in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $63,054
  • Program Service Revenue: $1,399,824
  • Gross Receipts: $2,048,290

    • Assets and Liabilities:
  • Total Assets: $13,052,909
  • Total Liabilities: $3,961,065
  • Net Assets: $9,091,844
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROPERTY MANAGEMENT

    Revenue

    $661,832

    TENANT RENT

    Revenue

    $659,818

    DEVELOPMENT FEES

    Revenue

    $128,100

    MISCELLANEOUS

    Revenue

    $66,964

    INVESTMENT ACTIVITY -

    Revenue

    $-116,890

    Organization Details

    Founding Year

    1980

    Principal Officer

    Mary Cohen

    Main Address

    27 WALES STREET SUITE 201, RUTLAND, VT, 05701

    NTEE Category

    Code: L200 - Housing

    If you are a representative of Housing Trust Of Rutland County Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.