nonprofit logo

Evernorth Inc

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

EIN: 851409438 ✦ Burlington, VT ✦ Designated as a 501(c)(3)

Overview

What is Evernorth Inc?

Evernorth Inc, based in Burlington, Vermont, is a dedicated nonprofit organization with a focus on fostering affordable housing and community development. Their mission is to produce permanently affordable housing and stimulate investments in economic and community development. By meeting the specific requirements outlined in Internal Revenue Service Revenue Procedure 96-32, Evernorth Inc aims to alleviate and prevent community deterioration. With a workforce of 55 individuals, they form strategic partnerships with communities and the private sector to positively impact residents' lives.


Official website here: www.evernorthus.org

Is Evernorth Inc legitimate?

Evernorth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evernorth 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: $663,586
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,338,855

For more financial information, click here


Official website here: www.evernorthus.org

What is the mission statement of Evernorth Inc?

Evernorth Inc's mission is centered around producing permanently affordable housing and fostering investments in economic and community development. This mission is carried out through strategic partnerships with communities and the private sector. The goal is to benefit residents by providing affordable housing and contributing to the development of their communities. Evernorth Inc also focuses on alleviating and preventing community deterioration, achieving this through the production and rehabilitation of affordable housing, adhering to the guidelines set by the Internal Revenue Service Revenue Procedure 96-32, specifically the requirements under the "facts and circumstances" tests.


Official website here: www.evernorthus.org

Who is the CEO of Evernorth Inc?

Janet Spitler is the Co-Chair of Evernorth Inc.


Official website here: www.evernorthus.org

What is the revenue of Evernorth Inc?

Evernorth Inc's revenue in 2022 was $9,285,260.


Official website here: www.evernorthus.org

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

The average compensation at Evernorth Inc during 2022 was $90,953. There are 55 employees at Evernorth Inc.

Here are 22 key members and their salaries:

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

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

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

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

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

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

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

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

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

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

    • Charlie Baker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Demetrowitz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Walt Greiner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karyn Hale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marc Landry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dave Birkhahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

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

    • Michael Clarke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Winter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Miller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Laflamme (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Anthony (Director (Start 2022))
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.evernorthus.org

    Where can I find the form 990 for Evernorth Inc?

    The Evernorth 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 Inc

    Evernorth Inc, a notable entity, is committed to producing permanently affordable housing and enabling investments in economic and community development. This mission is carried out through strategic partnerships with communities and the private sector. Evernorth Inc's primary objective is to benefit residents by fostering low-income housing and community development. The organization alleviates and prevents community deterioration by producing and rehabilitating affordable housing, adhering to the specific requirements outlined in the Internal Revenue Service Revenue Procedure 96-32, which includes qualifying under the "facts and circumstances" tests' safe harbor. By doing so, Evernorth Inc aims to contribute positively to its residents' lives, promoting a sense of community and economic growth.

    Impact

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




    Saturday, July 20, 2024

    Evernorth Inc's impact lies in producing permanently affordable housing and enabling investments in economic and community development. By fostering low-income housing and community development, they work towards alleviating and preventing community deterioration through the production and rehabilitation of affordable housing. Their mission is to benefit residents through partnerships with communities and the private sector in Burlington, VT.





    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: $261,410
  • Program Service Revenue: $8,887,520
  • Gross Receipts: $9,285,260

    • Assets and Liabilities:
  • Total Assets: $25,975,172
  • Total Liabilities: $9,577,160
  • Net Assets: $16,398,012
  • Programs

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

    TAX CREDIT SYNDICATION

    Revenue

    $3,337,849

    MANAGEMENT FEES

    Revenue

    $3,256,866

    DEVELOPMENT FEES

    Revenue

    $2,182,261

    CONSULTING INCOME

    Revenue

    $110,544

    Organization Details

    Founding Year

    2020

    Principal Officer

    Janet Spitler

    Main Address

    100 BANK STREET 400, BURLINGTON, VT, 05401

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Evernorth 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.