Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
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
10 people listed on the 990; $96K paid to officers and key staff.
Elise Shanbacker’s $122K as Executive Di is at the 53rd 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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Elise Shanbacker | $121,746 | $101,702 | $108,719 | $104,550 | $96,431 |
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, manages, and preserves affordable housing, offering support to families, seniors, and individuals.
Questions for Addison County Community Trust
Your first name shows with your question. Addison County Community Trust answers here, for everyone.
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Property Operations
Operation AND/OR stewardship of over 700 units of permanently affordable housing; this includes: property management for 318 multifamily tax credit and rural development apartments; operation of 340 lots in nine nonprofit acct-owned parks for owner-occupied mobile homes; and down payment grants for moderate-income households with…
Resident Services
Providing sash (support and services at home) services for acct senior housing residents and residents in the surrounding communities. Approximately 165 seniors were served in 2020.
Rehab and Development
Rehab and development of new affordable housing units to alleviate the county's less-than-one-percent vacancy rate, including multifamily apartments and single-family homes. In 2020, 24 units of new multifamily housing were placed in service in vergennes, vermont.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $897K | $1.3M |
| InvestmentsLn 11–13 | $662K | $1.1M |
| Land, buildings, equipmentLn 10c | $8.2M | $8.3M |
| Total assetsLn 16 | $10.8M | $11.8M |
| LiabilitiesLn 26 | $5.6M | $5.3M |
| Net assetsLn 32 | $5.1M | $6.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $127K | $127K | ||
| Grants to domestic individualsLn 2 | $5K | $5K | ||
| Pay of current officers, directors and key staffLn 5 | $100K | $80K | $15K | $5K |
| Other salaries and wagesLn 7 | $679K | $540K | $126K | $13K |
| Pension plan contributionsLn 8 | $17K | $14K | $3K | |
| Other employee benefitsLn 9 | $136K | $108K | $28K | $208 |
| Payroll taxesLn 10 | $62K | $49K | $11K | $1K |
| Management feesLn 11a | $2K | $2K | ||
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $15K | $15K | ||
| Other fees for servicesLn 11g | $80K | $64K | $16K | |
| Advertising and promotionLn 12 | $2K | $2K | $425 | |
| Office expensesLn 13 | $70K | $58K | $10K | $2K |
| OccupancyLn 16 | $649K | $642K | $7K | |
| Conferences, conventions and meetingsLn 19 | $17K | $14K | $3K | |
| InterestLn 20 | $187K | $183K | $3K | |
| Depreciation, depletion and amortizationLn 22 | $205K | $201K | $3K | |
| InsuranceLn 23 | $40K | $37K | $3K | |
| Other expenses (24a–d)Ln 24 | $34K | $34K | $123 | |
| Total functional expensesLn 25 | $2.4M | $2.2M | $246K | $21K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.8M | $3.8M | $916K | $12.3M | 990 PDF |
| FY2023 | $6.8M | $3.2M | $3.7M | $11.4M | 990 PDF |
| FY2022 | $3.2M | $2.9M | $349K | $7.7M | 990 PDF |
| FY2021 | $3.4M | $2.5M | $856K | $7.4M | 990 PDF |
| FY2020 Viewing | $3.9M | $2.4M | $1.4M | $6.5M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,865,074 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, no flags
Part VIII · Statement of revenue $3,865,074 across 9 lines filed
Part IX · Statement of functional expenses $2,442,295 across 19 lines filed
Part X · Balance sheet $11,822,229 assets, 16 lines filed
Part XI · Reconciliation of net assets $6,538,819 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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