Windham & Windsor Housing Trust INC

Tax-deductible

Brattleboro, VT501(c)(3)Since 1987HousingEIN 22-2878487Revenue $7.7M in FY2024

On file with the IRShomemattershere.org68 Birge Street, 05301-6421 · Brattleboro, VTTax-exempt since Feb 1989Publicly supported charity — 170(b)(1)(A)(vi)

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Windham and Windsor Housing Trust (wwht) strengthens the communities of southeast vermont through the development and stewardship of permanently affordable Housing and through ongoing support and advocacy for its residents.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Run by 15 volunteers and 34 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.6M a year · 26% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 2% of spending
Top officer’s pay higher than 66% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $470K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.7M
+22% vs prior year
Spent
$6.1M
To programs
91%
Net assets
$26.9M
By yearFY2020–FY2024
Revenue
$7.7M
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.7M
FY2021$4.6M
FY2022$5.1M
FY2023$6.3M
FY2024$7.7M
Expenses
$6.1M
FY2024▲ +26%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.3M
FY2021$4.3M
FY2022$4.1M
FY2023$4.8M
FY2024$6.1M
Net assets
$26.9M
FY2024▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$22.5M
FY2021$22.8M
FY2022$23.8M
FY2023$25.3M
FY2024$26.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $5.5M Management & general 7% · $429K Fundraising 2% · $121K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation
$142,251Pt VII · Sec A
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Elizabeth Bridgewater’s $142K as Executive Di is at the 66th percentile of top reported officer pay among 2036 $1–10M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elizabeth Bridgewater$142,251$138,932$115,240$110,554$108,300

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops, rehabilitates, and manages permanently affordable housing while providing support services and advocacy for residents in southeast Vermont.

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Provided by the organization

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3 programs · $4.7M · in their own filed words · FY2024
01

Lending

Accounts for all lending activity related to the rehab loan fund program. In 2024, our lending documentation successfully passed all federal and state monitoring and licensing inspections. The lending program also provides construction management services for all borrowers to ensure the scope of work meets all federal and state…

$2.9Mprogram expense
02

Property Management

Accounts for all activity relating to leasing and maintaining rental housing units. In 2024, the department signed a contract to transition to a new property management software that will increase the efficiency of the department operations and provide new communication tools for staff and tenants.

$1.6Mprogram expense
03

Housing Development

Accounts for all activity relating to acquisition and rehabilitation or construction of housing units. In 2024 WWHT started construction on central & MAIN(25 units) and received full funding and permitting for alice holway DRIVE(25 units, to start construction in 2025).

$250Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 14 grants · $6.3M · 2020–2024
Unitemized GrantFY2024$2,372,689
Unitemized GrantFY2024$49,697
Unitemized GrantFY2024$7,799
Unitemized GrantFY2023$1,209,521
Unitemized GrantFY2023$156,641
Unitemized GrantFY2023$46,123
Unitemized GrantFY2022$304,434
Unitemized GrantFY2022$162,944
Unitemized GrantFY2022$65,924
Unitemized GrantFY2021$939,210
Unitemized GrantFY2021$79,751
Unitemized GrantFY2020$886,742
Unitemized GrantFY2020$5,943
Unitemized GrantFY2020$2,985

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$7.7M
Ln 12
Gifts and grantsLn 1h$5.9M
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$256K
Money outPt IX
$6.1M
Ln 25
Programscol B$5.5M
Managementcol C$429K
Fundraisingcol D$121K
Owns and owesPt X
$26.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.8M
Total assetsLn 16$28.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.9M
Government grantsLn 1e$3.7M
Noncash giftsLn 1g$22K
Fees for servicesLn 2g$1.5M
Investment incomeLn 3$256K
Other incomeLn 4–11$11K
Gains on assetsLn 7$194K
Total revenueLn 12$7.7M
Assets in detailPt X, end of year
CashLn 1$6K
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$3.8M
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$7.9M
Other assetsLn 15$1.3M
Total assetsLn 16$28.1M
LiabilitiesLn 26$1.1M
Net assetsLn 32$26.9M
OperationsPt I, VI
EmployeesI 534
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$3.3M$3.8M
InvestmentsLn 11–13$5.1M$6.1M
Land, buildings, equipmentLn 10c$7.4M$7.9M
Total assetsLn 16$26.4M$28.1M
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32$25.3M$26.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2.6M$2.6M
Pay of current officers, directors and key staffLn 5$162K$56K$97K$9K
Other salaries and wagesLn 7$1.7M$1.5M$141K$35K
Pension plan contributionsLn 8$21K$21K$647
Other employee benefitsLn 9$351K$297K$40K$14K
Payroll taxesLn 10$143K$122K$19K$3K
Legal feesLn 11b$15K$15K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$149K$127K$11K$11K
Advertising and promotionLn 12$17K$14K$2K$514
Office expensesLn 13$121K$96K$17K$9K
OccupancyLn 16$351K$339K$9K$2K
TravelLn 17$17K$16K$669$799
Conferences, conventions and meetingsLn 19$13K$8K$4K$196
InterestLn 20$9K$9K
Depreciation, depletion and amortizationLn 22$148K$135K$12K
InsuranceLn 23$42K$21K$21K
Other expenses (24a–d)Ln 24$168K$125K$9K$35K
All other expensesLn 24e$12K$2K$7K$2K
Total functional expensesLn 25$6.1M$5.5M$429K$121K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $7.7M$6.1M$1.6M$26.9M 990 PDF
FY2023 $6.3M$4.8M$1.5M$25.3M 990 PDF
FY2022 $5.1M$4.1M$1.0M$23.8M 990 PDF
FY2021 $4.6M$4.3M$311K$22.8M 990 PDF
FY2020 $6.7M$3.3M$3.4M$22.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $7,674,551 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,505,797$5,923,095
I-9 Program service revenuePrior year $2,145,121$1,484,753
I-10 Investment incomePrior year $145,142$255,532
I-11 Other revenuePrior year $517,678$11,171
I-12 Total revenuePrior year $6,313,738$7,674,551
I-13 Grants and similar amounts paidPrior year $1,412,285$2,600,138
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,333,901$2,392,717
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,062,740$1,085,367
I-18 Total expensesPrior year $4,808,926$6,078,222
I-19 Revenue less expensesPrior year $1,504,812$1,596,329
Part VI · Governance 15 of 15 board members independent, no flags
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,674,551 across 9 lines filed
Lines not itemized here account for $39,000 of total revenue; see the IRS return.
VIII-1e Government grants$3,692,134
VIII-1f All other contributions, gifts and grants$2,230,961
VIII-1g Noncash contributions (included above)$21,699
VIII-1h Total contributions, gifts and grants$5,923,095
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,445,753$1,445,753
VIII-3 Investment incomeRelated to mission $61,855$61,855
VIII-7 Net gain or loss on sales of assetsRelated to mission $193,677$193,677
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,171$11,171
VIII-12 Total revenueRelated to mission $1,751,456$7,674,551
Part IX · Statement of functional expenses $6,078,222 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $2,600,138$2,600,138
IX-5 Pay of current officers, directors and key staffPrograms $56,366 · Management $97,463 · Fundraising $8,609$162,438
IX-7 Other salaries and wagesPrograms $1,538,163 · Management $141,311 · Fundraising $34,614$1,714,088
IX-8 Pension plan contributionsPrograms $20,794 · Fundraising $647$21,441
IX-9 Other employee benefitsPrograms $297,179 · Management $39,869 · Fundraising $14,420$351,468
IX-10 Payroll taxesPrograms $121,505 · Management $18,974 · Fundraising $2,803$143,282
IX-11b Legal feesManagement $14,503$14,503
IX-11c Accounting feesManagement $23,600$23,600
IX-11g Other fees for servicesPrograms $127,374 · Management $11,365 · Fundraising $10,730$149,469
IX-12 Advertising and promotionPrograms $14,094 · Management $2,287 · Fundraising $514$16,895
IX-13 Office expensesPrograms $96,016 · Management $16,672 · Fundraising $8,521$121,209
IX-16 OccupancyPrograms $339,482 · Management $9,116 · Fundraising $2,216$350,814
IX-17 TravelPrograms $15,582 · Management $669 · Fundraising $799$17,050
IX-19 Conferences, conventions and meetingsPrograms $8,476 · Management $4,042 · Fundraising $196$12,714
IX-20 InterestPrograms $9,177$9,177
IX-22 Depreciation, depletion and amortizationPrograms $135,436 · Management $12,168$147,604
IX-23 InsurancePrograms $21,222 · Management $20,781$42,003
IX-24 Other expenses (24a–d)Programs $124,696 · Management $8,838 · Fundraising $34,896$168,430
IX-24e All other expensesPrograms $2,400 · Management $7,361 · Fundraising $2,138$11,899
IX-25 Total functional expensesPrograms $5,528,100 · Management $429,019 · Fundraising $121,103$6,078,222
Part X · Balance sheet $28,069,016 assets, 18 lines filed
Asset lines not itemized here account for $8,304,065; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $16,823$6,381
X-2 Savings and temporary cash investmentsStart of year $3,262,912$3,837,692
X-3 Pledges and grants receivableStart of year $708,298$360,962
X-4 Accounts receivableStart of year $492,543$182,812
X-8 Inventories for sale or useStart of year $15,973$8,095
X-9 Prepaid expenses and deferred chargesStart of year $33,366$36,053
X-10c Land, buildings and equipment, netStart of year $7,397,414$7,929,901
X-13 Program-related investmentsStart of year $5,124,792$6,064,386
X-15 Other assetsStart of year $1,297,285$1,338,669
X-16 Total assetsStart of year $26,446,261$28,069,016
X-17 Accounts payable and accrued expensesStart of year $367,155$261,680
X-19 Deferred revenue$185,500
X-25 Other liabilitiesStart of year $125,891$88,042
X-26 Total liabilitiesStart of year $1,103,170$1,129,596
X-27 Net assets without donor restrictionsStart of year $18,822,369$20,377,187
X-28 Net assets with donor restrictionsStart of year $6,520,722$6,562,233
X-32 Total net assets or fund balancesStart of year $25,343,091$26,939,420
X-33 Total liabilities and net assetsStart of year $26,446,261$28,069,016
Part XI · Reconciliation of net assets $26,939,420 net assets at year end
XI-1 Total revenue$7,674,551
XI-2 Total expenses$6,078,222
XI-3 Revenue less expenses$1,596,329
XI-4 Net assets at start of year$25,343,091
XI-10 Net assets at end of year$26,939,420

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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