Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1985.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
94 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
19 people listed on the 990; $483K paid to officers and key staff.
Michael Monte’s $169K as CEO is at the 29th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael Monte | $169,361 | $162,189 | $153,510 | $137,052 | $139,481 | $120,233 |
| Amelia Demetrowitz | $142,390 | $134,986 | $126,622 | $119,586 | $110,459 | — |
| Brenda Torpy | — | — | $103,173 | — | $137,733 | $128,291 |
| Cheryl Read | $128,064 | $122,377 | $116,263 | $110,223 | $95,572 | $79,587 |
| Christopher Donnelly | $122,140 | $111,247 | $100,737 | — | — | — |
| Michael Ohler | $114,702 | $106,227 | — | — | — | — |
| Miranda Lescaze | $111,854 | $102,728 | — | — | — | — |
| Joshua Chant | $110,826 | — | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Develops and manages permanently affordable housing and community facilities to support low- and moderate-income residents in northwest Vermont.
This section is blank until Champlain Housing Trust claims this page.
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The organization owns and manages property to provide access to permanently affordable housing for low and moderate income households. The organization also provides a wide range of tenant and resident services to help alleviate homelessness and promote housing and financial stability.
The organization provides a suite of homeownership services including education to assist with credit, budgeting, home purchase, and post-purchase topics; affordable loans to assist with the purchase or essential repair of homes; and access to affordable home purchases through its signature shared equity program.
The organization is engaged in real estate development, focused on providing affordable housing for low and moderate income households as well as nonprofit community facilities.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $10.0M | $18.5M |
| InvestmentsLn 11–13 | $334K | $6.1M |
| Land, buildings, equipmentLn 10c | $69.4M | $72.5M |
| Total assetsLn 16 | $133.4M | $156.5M |
| LiabilitiesLn 26 | $45.0M | $57.4M |
| Net assetsLn 32 | $88.4M | $99.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $535K | $535K | ||
| Grants to domestic individualsLn 2 | $423K | $423K | ||
| Pay of current officers, directors and key staffLn 5 | $597K | $597K | ||
| Other salaries and wagesLn 7 | $5.9M | $5.0M | $779K | $101K |
| Pension plan contributionsLn 8 | $217K | $198K | $16K | $3K |
| Other employee benefitsLn 9 | $1.5M | $1.2M | $316K | $23K |
| Payroll taxesLn 10 | $532K | $411K | $113K | $8K |
| Management feesLn 11a | $12K | $12K | ||
| Legal feesLn 11b | $83K | $50K | $33K | |
| Accounting feesLn 11c | $97K | $50K | $47K | |
| Professional fundraising feesLn 11e | $124K | $124K | ||
| Other fees for servicesLn 11g | $319K | $157K | $152K | $9K |
| Advertising and promotionLn 12 | $22K | $20K | $1K | |
| Office expensesLn 13 | $56K | $56K | ||
| OccupancyLn 16 | $164K | $68K | $86K | $10K |
| TravelLn 17 | $46K | $26K | $19K | |
| InterestLn 20 | $1.7M | $1.7M | $32K | |
| Depreciation, depletion and amortizationLn 22 | $1.6M | $1.6M | $2K | |
| InsuranceLn 23 | $424K | $324K | $100K | |
| Other expenses (24a–d)Ln 24 | $4.7M | $4.4M | $299K | |
| All other expensesLn 24e | $841K | $2.5M | −$1.7M | $48K |
| Total functional expensesLn 25 | $19.9M | $18.6M | $884K | $384K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 | $40.5M | $30.7M | $9.8M | $127.9M | 990 PDF |
| FY2023 | $50.2M | $25.7M | $24.5M | $141.6M | 990 PDF |
| FY2022 | $41.6M | $21.2M | $20.3M | $118.3M | 990 PDF |
| FY2021 Viewing | $31.0M | $19.9M | $11.2M | $99.1M | 990 PDF |
| FY2020 | $35.7M | $16.4M | $19.2M | $88.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $31,041,858 across 9 lines filed
Part IX · Statement of functional expenses $19,854,619 across 21 lines filed
Part X · Balance sheet $156,492,954 assets, 16 lines filed
Part XI · Reconciliation of net assets $99,081,670 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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