Addison County Community Trust: FY2023 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 · $2.9M · in their own filed words · FY2023

01

Property Operations

Operation AND/OR stewardship of over 750 units of permanently affordable housing; this includes: property management for 353 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…

$2.6Mprogram expense

02

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 2023. Also providing resident support services as needed to families and residents impacted by housing instability.

$195Kprogram expense

03

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.

$132Kprogram 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 FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$6.8M

Ln 12

Gifts and grantsLn 1h$4.1M

Fees for servicesLn 2g$2.6M

Investment incomeLn 3$65K

Money outPt IX

$3.2M

Ln 25

Programscol B$2.9M

Managementcol C$235K

Fundraisingcol D$42K

Owns and owesPt X

$11.4M

net assets · Ln 32

Cash and savingsLn 1–2$2.4M

Total assetsLn 16$16.6M

LiabilitiesLn 26$5.2M

PeoplePt VI, VII

16

listed · VII A

PaidVII A1

Voting boardVI 1a12

IndependentVI 1b12

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$4.1M

Government grantsLn 1e$3.7M

Noncash giftsLn 1g$6K

Fees for servicesLn 2g$2.6M

Investment incomeLn 3$65K

Other incomeLn 4–11$44K

Gains on assetsLn 7−$35K

Total revenueLn 12$6.8M

Assets in detailPt X, end of year

CashLn 1$1.7M

SavingsLn 2$734K

Cash and savings togetherLn 1–2$2.4M

InvestmentsLn 11–13$1.3M

Land, buildings, equipmentLn 10c$11.5M

Other assetsLn 15$99K

Total assetsLn 16$16.6M

LiabilitiesLn 26$5.2M

Net assetsLn 32$11.4M

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 FY23	End FY23
Cash and savingsLn 1–2	$2.2M	$2.4M
InvestmentsLn 11–13	$1.0M	$1.3M
Land, buildings, equipmentLn 10c	$8.4M	$11.5M
Total assetsLn 16	$12.7M	$16.6M
LiabilitiesLn 26	$4.9M	$5.2M
Net assetsLn 32	$7.7M	$11.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$24K	$24K
Pay of current officers, directors and key staffLn 5	$107K	$59K	$36K	$12K
Other salaries and wagesLn 7	$1.1M	$1.0M	$84K	$15K
Pension plan contributionsLn 8	$22K	$20K	$1K	$179
Other employee benefitsLn 9	$230K	$203K	$22K	$5K
Payroll taxesLn 10	$91K	$80K	$9K	$2K
Legal feesLn 11b	$30K		$30K
Accounting feesLn 11c	$18K		$18K
Other fees for servicesLn 11g	$81K	$71K	$8K	$2K
Advertising and promotionLn 12	$15K	$13K	$1K	$328
Office expensesLn 13	$142K	$127K	$13K	$3K
OccupancyLn 16	$839K	$835K	$3K	$719
Conferences, conventions and meetingsLn 19	$38K	$33K	$4K	$811
InterestLn 20	$111K	$109K	$1K	$297
Depreciation, depletion and amortizationLn 22	$232K	$230K	$1K	$277
InsuranceLn 23	$49K	$47K	$2K	$386
Other expenses (24a–d)Ln 24	$18K	$16K	$1K	$319
Total functional expensesLn 25	$3.2M	$2.9M	$235K	$42K

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 Viewing	$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	$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 FY2023 990 (6 parts)

Part I · Summary $6,840,267 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $730,819$4,096,193

I-9 Program service revenuePrior year $2,471,611$2,635,524

I-10 Investment incomePrior year −$38,745$64,891

I-11 Other revenuePrior year $57,445$43,659

I-12 Total revenuePrior year $3,221,130$6,840,267

I-13 Grants and similar amounts paidPrior year $87,124$24,317

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,375,372$1,567,389

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,409,819$1,572,208

I-18 Total expensesPrior year $2,872,315$3,163,914

I-19 Revenue less expensesPrior year $348,815$3,676,353

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 $6,840,267 across 10 lines filed

VIII-1a Federated campaigns$16,194

VIII-1e Government grants$3,687,223

VIII-1f All other contributions, gifts and grants$392,776

VIII-1g Noncash contributions (included above)$6,348

VIII-1h Total contributions, gifts and grants$4,096,193

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,635,524$2,635,524

VIII-3 Investment incomeExcluded from tax $100,134$100,134

VIII-7 Net gain or loss on sales of assetsRelated to mission −$35,243−$35,243

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $43,659$43,659

VIII-12 Total revenueRelated to mission $2,643,940 · Excluded from tax $100,134$6,840,267

Part IX · Statement of functional expenses $3,163,914 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $24,317$24,317

IX-5 Pay of current officers, directors and key staffPrograms $58,854 · Management $36,382 · Fundraising $11,771$107,007

IX-7 Other salaries and wagesPrograms $1,018,277 · Management $84,453 · Fundraising $15,156$1,117,886

IX-8 Pension plan contributionsPrograms $20,484 · Management $1,336 · Fundraising $179$21,999

IX-9 Other employee benefitsPrograms $202,941 · Management $21,942 · Fundraising $4,788$229,671

IX-10 Payroll taxesPrograms $79,999 · Management $8,865 · Fundraising $1,962$90,826

IX-11b Legal feesManagement $29,558$29,558

IX-11c Accounting feesManagement $17,698$17,698

IX-11g Other fees for servicesPrograms $71,391 · Management $7,911 · Fundraising $1,751$81,053

IX-12 Advertising and promotionPrograms $13,356 · Management $1,480 · Fundraising $328$15,164

IX-13 Office expensesPrograms $127,056 · Management $12,603 · Fundraising $2,789$142,448

IX-16 OccupancyPrograms $834,915 · Management $3,254 · Fundraising $719$838,888

IX-19 Conferences, conventions and meetingsPrograms $33,057 · Management $3,663 · Fundraising $811$37,531

IX-20 InterestPrograms $109,405 · Management $1,341 · Fundraising $297$111,043

IX-22 Depreciation, depletion and amortizationPrograms $230,065 · Management $1,251 · Fundraising $277$231,593

IX-23 InsurancePrograms $47,250 · Management $1,743 · Fundraising $386$49,379

IX-24 Other expenses (24a–d)Programs $16,087 · Management $1,447 · Fundraising $319$17,853

IX-25 Total functional expensesPrograms $2,887,454 · Management $234,927 · Fundraising $41,533$3,163,914

Part X · Balance sheet $16,638,687 assets, 18 lines filed

Asset lines not itemized here account for $460,238; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,927,164$1,657,677

X-2 Savings and temporary cash investmentsStart of year $294,094$734,451

X-3 Pledges and grants receivableStart of year $92,140$475,337

X-4 Accounts receivableStart of year $348,864$268,550

X-8 Inventories for sale or useStart of year $9,794$13,247

X-9 Prepaid expenses and deferred chargesStart of year $67,345$66,271

X-10c Land, buildings and equipment, netStart of year $8,385,115$11,516,031

X-11 Publicly traded securities$202,856

X-13 Program-related investmentsStart of year $1,049,560$1,145,254

X-15 Other assetsStart of year $9,000$98,775

X-16 Total assetsStart of year $12,665,119$16,638,687

X-17 Accounts payable and accrued expensesStart of year $232,187$451,195

X-19 Deferred revenueStart of year $51,672$49,874

X-26 Total liabilitiesStart of year $4,921,131$5,218,346

X-27 Net assets without donor restrictionsStart of year $7,195,658$7,656,563

X-28 Net assets with donor restrictionsStart of year $548,330$3,763,778

X-32 Total net assets or fund balancesStart of year $7,743,988$11,420,341

X-33 Total liabilities and net assetsStart of year $12,665,119$16,638,687

Part XI · Reconciliation of net assets $11,420,341 net assets at year end

XI-1 Total revenue$6,840,267

XI-2 Total expenses$3,163,914

XI-3 Revenue less expenses$3,676,353

XI-4 Net assets at start of year$7,743,988

XI-10 Net assets at end of year$11,420,341

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Addison County Community Trust FY2023 filing

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