Addison County Community Trust: FY2022 Nonprofit Profile & Form 990 (EIN 22-3032009)

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.

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3 programs · $2.7M · in their own filed words · FY2022

01

Property Operations

Operation AND/OR stewardship of over 700 units of permanently affordable housing; this includes: property management for 334 multifamily tax credit 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 subsequent stewardship of…

$2.3Mprogram expense

02

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.

$181Kprogram expense

03

Resident Services

Providing sash (support and services at home) services for acct senior housing residents and residents in the surrounding communities. Approximately 190 seniors were served in 2022. Also providing resident support services as needed to acct residents. Approximately 97 households were served in 2022.

$171Kprogram 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 · FY2025

Grapevine Giving FoundationFY2025$12K

Total grants receivedfrom 1 funder$12K

Grants paid · 7 grants · $421K · 2020–2024

Unitemized GrantFY2024$89,672

Unitemized GrantFY2024$72,878

Unitemized GrantFY2023$24,317

Unitemized GrantFY2022$87,124

Unitemized GrantFY2021$14,168

Vergennes Community HlpFY2020$127,200

Unitemized GrantFY2020$5,364

By the numbers

The FY2022 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$3.2M

Ln 12

Fees for servicesLn 2g$2.5M

Gifts and grantsLn 1h$731K

Other incomeLn 4–11$19K

Money outPt IX

$2.9M

Ln 25

Programscol B$2.7M

Managementcol C$179K

Fundraisingcol D$36K

Owns and owesPt X

$7.7M

net assets · Ln 32

Cash and savingsLn 1–2$2.2M

Total assetsLn 16$12.7M

LiabilitiesLn 26$4.9M

PeoplePt VI, VII

13

listed · VII A

PaidVII A1

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$731K

Government grantsLn 1e$352K

Noncash giftsLn 1g$10K

Fees for servicesLn 2g$2.5M

Investment incomeLn 3−$11K

Other incomeLn 4–11$19K

Gains on assetsLn 7−$28K

Total revenueLn 12$3.2M

Assets in detailPt X, end of year

CashLn 1$1.9M

SavingsLn 2$294K

Cash and savings togetherLn 1–2$2.2M

InvestmentsLn 11–13$1.0M

Land, buildings, equipmentLn 10c$8.4M

Other assetsLn 15$9K

Total assetsLn 16$12.7M

LiabilitiesLn 26$4.9M

Net assetsLn 32$7.7M

OperationsPt I, VI

EmployeesI 526

VolunteersI 625

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$2.0M	$2.2M
InvestmentsLn 11–13	$1.1M	$1.0M
Land, buildings, equipmentLn 10c	$8.5M	$8.4M
Total assetsLn 16	$12.5M	$12.7M
LiabilitiesLn 26	$5.1M	$4.9M
Net assetsLn 32	$7.4M	$7.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$87K	$87K
Pay of current officers, directors and key staffLn 5	$114K	$63K	$39K	$13K
Other salaries and wagesLn 7	$987K	$905K	$70K	$12K
Pension plan contributionsLn 8	$22K	$20K	$1K	$204
Other employee benefitsLn 9	$170K	$151K	$16K	$3K
Payroll taxesLn 10	$83K	$73K	$8K	$2K
Legal feesLn 11b	$30K	$30K
Accounting feesLn 11c	$14K		$14K
Other fees for servicesLn 11g	$55K	$49K	$5K	$1K
Advertising and promotionLn 12	$4K	$3K	$376	$83
Office expensesLn 13	$124K	$111K	$11K	$2K
OccupancyLn 16	$734K	$730K	$4K	$833
Conferences, conventions and meetingsLn 19	$39K	$34K	$4K	$840
InterestLn 20	$116K	$113K	$2K	$398
Depreciation, depletion and amortizationLn 22	$227K	$225K	$2K	$398
InsuranceLn 23	$46K	$44K	$2K	$397
Other expenses (24a–d)Ln 24	$21K	$20K	$642	$142
Total functional expensesLn 25	$2.9M	$2.7M	$179K	$36K

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 Viewing	$3.2M	$2.9M	$349K	$7.7M	990 PDF
FY2021	$3.4M	$2.5M	$856K	$7.4M	990 PDF
FY2020	$3.9M	$2.4M	$1.4M	$6.5M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $3,221,130 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,001,822$730,819

I-9 Program service revenuePrior year $2,368,558$2,471,611

I-10 Investment incomePrior year −$9,596−$38,745

I-11 Other revenuePrior year $7,167$57,445

I-12 Total revenuePrior year $3,367,951$3,221,130

I-13 Grants and similar amounts paidPrior year $14,168$87,124

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,146,514$1,375,372

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,350,901$1,409,819

I-18 Total expensesPrior year $2,511,583$2,872,315

I-19 Revenue less expensesPrior year $856,368$348,815

Part VI · Governance 12 of 12 board members independent, no flags

VI-1a Voting members of the governing body12

VI-1b Independent voting members12

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 $3,221,130 across 10 lines filed

VIII-1a Federated campaigns$14,956

VIII-1e Government grants$351,835

VIII-1f All other contributions, gifts and grants$364,028

VIII-1g Noncash contributions (included above)$10,160

VIII-1h Total contributions, gifts and grants$730,819

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,471,611$2,471,611

VIII-3 Investment incomeExcluded from tax −$10,561−$10,561

VIII-7 Net gain or loss on sales of assetsRelated to mission −$28,184−$28,184

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $57,445$57,445

VIII-12 Total revenueRelated to mission $2,500,872 · Excluded from tax −$10,561$3,221,130

Part IX · Statement of functional expenses $2,872,315 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $87,124$87,124

IX-5 Pay of current officers, directors and key staffPrograms $62,582 · Management $38,687 · Fundraising $12,516$113,785

IX-7 Other salaries and wagesPrograms $904,934 · Management $69,936 · Fundraising $11,699$986,569

IX-8 Pension plan contributionsPrograms $19,970 · Management $1,385 · Fundraising $204$21,559

IX-9 Other employee benefitsPrograms $150,527 · Management $16,093 · Fundraising $3,488$170,108

IX-10 Payroll taxesPrograms $73,416 · Management $8,135 · Fundraising $1,800$83,351

IX-11b Legal feesPrograms $29,560$29,560

IX-11c Accounting feesManagement $14,200$14,200

IX-11g Other fees for servicesPrograms $48,706 · Management $5,397 · Fundraising $1,194$55,297

IX-12 Advertising and promotionPrograms $3,390 · Management $376 · Fundraising $83$3,849

IX-13 Office expensesPrograms $110,673 · Management $10,800 · Fundraising $2,389$123,862

IX-16 OccupancyPrograms $729,678 · Management $3,766 · Fundraising $833$734,277

IX-19 Conferences, conventions and meetingsPrograms $34,237 · Management $3,794 · Fundraising $840$38,871

IX-20 InterestPrograms $113,385 · Management $1,797 · Fundraising $398$115,580

IX-22 Depreciation, depletion and amortizationPrograms $225,037 · Management $1,801 · Fundraising $398$227,236

IX-23 InsurancePrograms $44,181 · Management $1,793 · Fundraising $397$46,371

IX-24 Other expenses (24a–d)Programs $19,932 · Management $642 · Fundraising $142$20,716

IX-25 Total functional expensesPrograms $2,657,332 · Management $178,602 · Fundraising $36,381$2,872,315

Part X · Balance sheet $12,665,119 assets, 17 lines filed

Asset lines not itemized here account for $482,043; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,718,650$1,927,164

X-2 Savings and temporary cash investmentsStart of year $266,999$294,094

X-3 Pledges and grants receivableStart of year $25,000$92,140

X-4 Accounts receivableStart of year $328,355$348,864

X-8 Inventories for sale or use$9,794

X-9 Prepaid expenses and deferred chargesStart of year $73,648$67,345

X-10c Land, buildings and equipment, netStart of year $8,499,157$8,385,115

X-13 Program-related investmentsStart of year $1,060,408$1,049,560

X-15 Other assetsStart of year $9,000$9,000

X-16 Total assetsStart of year $12,458,096$12,665,119

X-17 Accounts payable and accrued expensesStart of year $153,444$232,187

X-19 Deferred revenueStart of year $43,200$51,672

X-26 Total liabilitiesStart of year $5,062,909$4,921,131

X-27 Net assets without donor restrictionsStart of year $6,911,857$7,195,658

X-28 Net assets with donor restrictionsStart of year $483,330$548,330

X-32 Total net assets or fund balancesStart of year $7,395,187$7,743,988

X-33 Total liabilities and net assetsStart of year $12,458,096$12,665,119

Part XI · Reconciliation of net assets $7,743,988 net assets at year end

XI-1 Total revenue$3,221,130

XI-2 Total expenses$2,872,315

XI-3 Revenue less expenses$348,815

XI-4 Net assets at start of year$7,395,187

XI-8 Prior period adjustments−$14

XI-10 Net assets at end of year$7,743,988

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Addison County Community Trust FY2022 filing

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