Overview
What is Champlain Housing Trust?
The Champlain Housing Trust is a community land trust based in Burlington, Vermont, with a mission to support and strengthen the communities of Northwest Vermont. By owning and managing properties, they provide access to permanently affordable housing for low and moderate-income households. The organization offers a wide range of tenant and resident services to help alleviate homelessness and promote housing and financial stability. As a community land trust, the Champlain Housing Trust's primary purpose is to develop and steward permanently affordable homes and related community assets. With a team of 159 employees, they dedicate their efforts to enriching the lives of individuals and families in their community.
Official website here: www.getahome.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Champlain Housing Trust has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its exceptional accountability and financial management. The organization scored 100% in all evaluated areas, indicating a strong commitment to transparency and ethical governance. Notably, it boasts a fully independent board and has implemented several policies, such as conflict of interest and whistleblower protections, which contribute to its credibility.
The financial health of Champlain Housing Trust appears robust, with a program expense ratio of 93.43%, meaning a significant majority of its expenditures are directed toward its mission-related activities. Additionally, the organization's liabilities to assets ratio of 32.31% suggests a sound financial structure that minimizes risk and enhances sustainability. These strengths underscore the trustworthiness of the nonprofit in effectively utilizing resources for its programs.
While the data highlights several strengths, it is also crucial to recognize that a high score does not provide insight into the organization's impact or the effectiveness of its programs in the community. Nevertheless, the positive ratings serve as a strong indicator of Champlain Housing Trust's operational integrity and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Champlain Housing Trust legitimate?
Champlain Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Champlain Housing Trust 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: $474,848
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,873,391
For more financial information, click here
Official website here: www.getahome.org
What is the mission statement of Champlain Housing Trust?
The Champlain Housing Trust is a community land trust committed to supporting people in Northwest Vermont and enhancing their communities. Its primary mission is to develop and steward permanently affordable homes and related community assets. The organization's mission statement asserts its purpose as a community land trust, dedicated to helping people and strengthening communities through the provision of permanently affordable housing. The Champlain Housing Trust owns and manages property to make housing accessible for low and moderate-income households. It offers various tenant and resident services to alleviate homelessness and promote housing and financial stability.
Official website here: www.getahome.org
Who is the CEO of Champlain Housing Trust?
Josh Chant is the Secretary of Champlain Housing Trust. The CEO's salary of Champlain Housing Trust is $137,052 and their total compensation is $173,573.
Official website here: www.getahome.org
What is the revenue of Champlain Housing Trust?
Champlain Housing Trust's revenue in 2022 was $41,552,013.
Official website here: www.getahome.org
Who are the executives of Champlain Housing Trust and what are their salaries?
The average compensation at Champlain Housing Trust during 2022 was $46,215. There are 159 employees and 150 volunteers at Champlain Housing Trust.
Here are 17 key members and their salaries (Champlain Housing Trust's CEO's salary is $137,052 and their total compensation is $173,573):
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- Compensation: $137,052
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- Other: $36,521
- Compensation: $110,223
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- Other: $32,502
- Compensation: $119,586
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- Other: $33,216
Official website here: www.getahome.org
Where can I find the form 990 for Champlain Housing Trust?
Champlain Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.getahome.org
Learn more at the official website: www.getahome.org
Mission Statement of Champlain Housing Trust
Champlain Housing Trust, a community land trust, is dedicated to supporting the people of Northwest Vermont and strengthening their communities. By developing and stewarding permanently affordable homes and related community assets, this organization plays a vital role in the region.
The mission of Champlain Housing Trust asserts its primary purpose as a community land trust that helps the people of Northwest Vermont and enhances their communities through the creation and preservation of permanently affordable housing. This nonprofit organization is committed to providing accessible housing options for low and moderate-income households.
To fulfill its mission, Champlain Housing Trust owns and manages properties that offer permanently affordable homes to those in need. The organization goes beyond just housing by providing a wide range of tenant and resident services. These services are designed to alleviate homelessness and promote housing and financial stability for the individuals and families it serves. In essence, Champlain Housing Trust not only ensures access to housing but also supports the overall well-being of its residents.
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Impact
October, 2024
Champlain Housing Trust positively impacts Northwest Vermont by developing and maintaining permanently affordable homes, ensuring that low and moderate-income households have access to stable housing. By managing community land and providing a diverse range of tenant and resident services, the organization plays a crucial role in alleviating homelessness and fostering housing stability. Additionally, its commitment to community stewardship strengthens local neighborhoods and promotes overall community well-being. The trust not only addresses immediate housing needs but also contributes to long-term financial stability for residents, reinforcing the foundation for thriving communities in the region.
This information is meant to be a general summary of Champlain Housing Trust. 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: -$6,500,600
- Program Service Revenue: $16,605,754
- Gross Receipts: $69,167,260
Assets and Liabilities:
- Total Assets: $174,853,503
- Total Liabilities: $56,512,307
- Net Assets: $118,341,196
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$8,477,227
FEES/OTHER REVENUES
Revenue
$8,128,527
Organization Details
Founding Year
1984
Phone
(802) 862-6244Principal Officer
Josh Chant
Main Address
88 KING STREET, BURLINGTON, VT, 05402
Website
www.getahome.orgNTEE Category
Code: L200 - Housing
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