Overview
What is Vermont Housing Finance Agency?
The Vermont Housing Finance Agency is a dedicated nonprofit organization with the mission to finance and promote the availability of affordable, safe, and decent housing options for low- and moderate-income residents of Vermont. Their primary goal is to make a difference in the community by ensuring Vermonters have access to secure and comfortable living environments. With a strong commitment to this cause, they actively work to finance and promote affordable housing solutions.
Official website here: www.vhfa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Vermont Housing Finance Agency has received a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The score is based entirely on the organization's financial practices, which are assessed through a range of metrics, indicating that the agency is performing well in most areas of transparency and governance.
A significant strength of the Vermont Housing Finance Agency is its fully independent board, which enhances accountability and ensures that decision-making is free from conflicts of interest. The organization scored full points in areas such as financial oversight, conflict of interest policies, and maintaining comprehensive board meeting documentation. Additionally, a high program expense ratio indicates that most of its resources are directed towards its mission-related activities.
However, the agency did face challenges in its liabilities to assets ratio, scoring zero points in that area, which could raise concerns about its financial stability. While the organization demonstrates strong governance and operational practices, it may need to address its financial health to enhance its overall effectiveness and sustainability in the long term.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Vermont Housing Finance Agency?
While there are currently only two reviews available for the Vermont Housing Finance Agency, the sentiments expressed are quite positive. One reviewer highlights the great loan options and benefits provided by the agency, indicating satisfaction with the services offered.
Although the sample size is small, the overall impression is that users appreciate the resources made available to them, suggesting that the agency delivers valuable support in the housing finance sector. As the organization gains more reviews, it will be interesting to see how this sentiment is reflected moving forward.
This AI summary has been generated from reviews found on Facebook.
Is Vermont Housing Finance Agency legitimate?
Vermont Housing Finance Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vermont Housing Finance Agency 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $369,189
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,794,400
For more financial information, click here
Official website here: www.vhfa.org
What is the mission statement of Vermont Housing Finance Agency?
The Vermont Housing Finance Agency endeavors to finance and facilitate the creation of affordable, safe, and decent housing for low- and moderate-income individuals in Vermont. By financing these opportunities, the Agency aims to enhance the living conditions for a significant portion of the population. The organization is dedicated to ensuring that everyone has access to a secure and comfortable home. Through its financial support, it encourages the development of housing projects that cater to the needs of those with limited financial means. The Agency's efforts contribute to a more equitable housing market in Vermont.
Official website here: www.vhfa.org
Who is the CEO of Vermont Housing Finance Agency?
Chris Flannery is the Commissioner of Vermont Housing Finance Agency.
Official website here: www.vhfa.org
What is the revenue of Vermont Housing Finance Agency?
Vermont Housing Finance Agency's revenue in 2022 was $39,283,323.
Official website here: www.vhfa.org
Who are the executives of Vermont Housing Finance Agency and what are their salaries?
The average compensation at Vermont Housing Finance Agency during 2022 was $88,587. There are 47 employees at Vermont Housing Finance Agency.
Here are 16 key members and their salaries:
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- Compensation: $153,901
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- Compensation: $144,194
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- Compensation: $134,666
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- Other: $17,901
- Compensation: $107,537
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- Other: $33,154
- Compensation: $112,079
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- Other: $15,020
Official website here: www.vhfa.org
Where can I find the form 990 for Vermont Housing Finance Agency?
Vermont Housing Finance Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhfa.org
Learn more at the official website: www.vhfa.org
Mission Statement of Vermont Housing Finance Agency
Vermont Housing Finance Agency, or VHFA, is a mission-driven organization dedicated to financing and promoting affordable, safe, and decent housing opportunities for low- and moderate-income residents of Vermont. By prioritizing access to affordable housing, VHFA aims to create communities where individuals and families can thrive.
With a deep commitment to Vermonters, VHFA's goal is to provide financing for housing that meets essential standards. The agency's efforts extend beyond just financing, as they also actively promote decent and safe housing options. By doing so, VHFA contributes to the overall well-being and stability of low- and moderate-income communities across the state.
In essence, Vermont Housing Finance Agency serves as a crucial partner in the quest for affordable housing access. They finance the development of new affordable housing units and the preservation of existing ones, ensuring that a diverse range of Vermonters can secure a safe and affordable place to call home. Through their initiatives, VHFA plays an essential role in enhancing the living conditions of countless Vermonters and strengthening the fabric of their communities.
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Impact
October, 2024
The Vermont Housing Finance Agency plays a crucial role in enhancing the quality of life for low- and moderate-income Vermonters by financing and promoting affordable, safe, and decent housing opportunities. Through its initiatives, the agency helps to ensure that residents have access to secure housing options, which is fundamental for economic stability and community wellbeing. By facilitating affordable housing projects, the agency contributes to the overall improvement of local communities and addresses the needs of underserved populations in Vermont. Its efforts help to create a sustainable housing market, foster inclusive communities, and support the long-term health of Vermont's economy.
This information is meant to be a general summary of Vermont Housing Finance Agency. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,831,293
- Program Service Revenue: $37,452,030
- Gross Receipts: $89,613,047
Assets and Liabilities:
- Total Assets: $493,373,180
- Total Liabilities: $389,311,235
- Net Assets: $104,061,945
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST INCOME - MORTGAGES
Revenue
$16,038,247
FEDERAL PROGRAMS
Revenue
$15,802,587
OTHER OPERATING INCOME
Revenue
$3,273,693
FEE INCOME - MULTI-FAMILY
Revenue
$2,335,560
FEE INCOME - SINGLE FAMILY
Revenue
$1,943
Organization Details
Founding Year
1974
Phone
(802) 652-3445Principal Officer
Chris Flannery
Main Address
164 ST PAUL STREET, BURLINGTON, VT, 05401
Website
www.vhfa.orgNTEE Category
Code: L122 - Housing
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