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Evernorth Loan Fund Inc

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

EIN: 030315075 ✦ Burlington, VT ✦ Designated as a 501(c)(3)

Overview

What is Evernorth Loan Fund Inc?

Evernorth Loan Fund Inc is a dedicated nonprofit organization, located in Burlington, Vermont. Their primary focus is on fostering low-income housing and community development, working towards the alleviation and prevention of community deterioration. They achieve this by producing and rehabilitating affordable housing, adhering to Internal Revenue Service guidelines, specifically the "facts and circumstances" tests. The mission of Evernorth Loan Fund is to create permanently affordable housing and facilitate investments in economic and community development for the benefit of Vermonters. They collaborate with local communities and the private sector to achieve these goals.


Official website here: www.evernorthus.org

Is Evernorth Loan Fund Inc legitimate?

Evernorth Loan Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evernorth Loan Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.evernorthus.org

What is the mission statement of Evernorth Loan Fund Inc?

Evernorth Loan Fund Inc's mission is centered around producing permanently affordable housing and facilitating investments in economic and community development to benefit various individuals. This is accomplished through collaborative partnerships with communities and the private sector. The organization's activities are geared towards fostering low-income housing and alleviating and preventing community deterioration. They achieve this by producing and rehabilitating affordable housing, adhering to the requirements set by the Internal Revenue Service's Revenue Procedure 96-32.


Official website here: www.evernorthus.org

Who is the CEO of Evernorth Loan Fund Inc?

Janet Spitler is the Board Member of Evernorth Loan Fund Inc.


Official website here: www.evernorthus.org

What is the revenue of Evernorth Loan Fund Inc?

Evernorth Loan Fund Inc's revenue in 2022 was $1,512,409.


Official website here: www.evernorthus.org

Who are the executives of Evernorth Loan Fund Inc and what are their salaries?

Here are 22 key members and their salaries:

    William Shanahan (Co-President)
  • Compensation: $0
  • Related: $230,546
  • Other: $11,107

    • Nancy Owens (Co-President)
  • Compensation: $0
  • Related: $212,761
  • Other: $24,268

    • Janet Spitler (Treasurer)
  • Compensation: $0
  • Related: $163,065
  • Other: $19,299

    • Kathy Beyer (Vp - Development)
  • Compensation: $0
  • Related: $165,006
  • Other: $14,927

    • W Eric Schmitt (Vice President, Asset Mana)
  • Compensation: $0
  • Related: $157,306
  • Other: $19,996

    • Elizabeth Wagner-Boutin (Vp - Community Investments)
  • Compensation: $0
  • Related: $151,642
  • Other: $17,868

    • Sherrin Vail (Vice President)
  • Compensation: $0
  • Related: $149,697
  • Other: $15,143

    • Deborah Flannery (Vice President)
  • Compensation: $0
  • Related: $146,400
  • Other: $18,089

    • Amy Demetrowitz (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charlie Baker (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Birkhahn (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karyn Hale (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Clarke (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Winter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Miller (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Laflamme (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Anthony (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walt Greiner (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cullen Ryan (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Vogel (Co-Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kara Sweeney (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc Landry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.evernorthus.org

    Where can I find the form 990 for Evernorth Loan Fund Inc?

    The Evernorth Loan Fund Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.evernorthus.org

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

    Mission Statement of Evernorth Loan Fund Inc

    Evernorth Loan Fund, a nonprofit organization, is dedicated to producing and preserving permanently affordable housing and fostering economic and community development to benefit Vermonters. Through collaborations with communities and the private sector, Evernorth Loan Fund aims to alleviate and prevent community deterioration by constructing and rehabilitating affordable housing units. This mission is in line with the Internal Revenue Service's revenue procedure, specifically the 'facts and circumstances' tests, which Evernorth Loan Fund adheres to in order to qualify under the safe harbor.

    Impact

    This information is meant to be a general summary of Evernorth Loan Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Evernorth Loan Fund Inc's impact is centered around producing permanently affordable housing and enabling investments in economic and community development to benefit Vermonters. By fostering low-income housing and community development, this organization plays a crucial role in alleviating and preventing community deterioration through the production and rehabilitation of affordable housing. Through their partnerships with communities and the private sector, Evernorth Loan Fund Inc is actively contributing to the creation of sustainable, long-term solutions for affordable housing in Vermont.





    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: $75,616
  • Program Service Revenue: $415,622
  • Gross Receipts: $1,512,409

    • Assets and Liabilities:
  • Total Assets: $16,980,601
  • Total Liabilities: $2,867,015
  • Net Assets: $14,113,586
  • Programs

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

    STATE TAX CREDITS

    Revenue

    $415,622

    Organization Details

    Founding Year

    1988

    Principal Officer

    Janet Spitler

    Main Address

    100 BANK STREET SUITE 400, BURLINGTON, VT, 05401

    NTEE Category

    Code: L20Z - Housing

    If you are a representative of Evernorth Loan Fund 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.