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Passumpsic View INC

Tax-deductible

St Johnsbury, VT501(c)(3)Since 2002HousingEIN 80-0030492Revenue $326K in FY2025

On file with the IRSruraledge.org1222 Main Street, 05819-2733 · St Johnsbury, VTTax-exempt since Sep 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Provide affordable housing for qualified individuals.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $81K a year · 31% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$577K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$326K
+25% vs prior year
Spent
$355K
To programs
85%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$326K
FY2025▲ +25%
Tap a bar for its year
Revenue by fiscal year
FY2020$250K
FY2021$251K
FY2022$247K
FY2023$254K
FY2024$260K
FY2025$326K
Expenses
$355K
FY2025▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$333K
FY2021$309K
FY2022$343K
FY2023$355K
FY2024$376K
FY2025$355K
Net assets
$1.1M
FY2025▼ -3%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.3M
FY2023$1.2M
FY2024$1.1M
FY2025$1.1M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2002.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $303K Management & general 15% · $52K

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

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Bobby Farlice-Rubio
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Drew
Director
$0Pt VII · Sec A
Kimico Perry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Passumpsic View INC executive salaries →

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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 15aNo

Programs and updates

Builds and manages affordable homes for people who qualify.

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Provided by the organization

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1 program · $303K · in their own filed words · FY2025
01

Subsidized rental low-income housing in St. Johnsbury, VT.

$303Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$326K
Ln 12
Fees for servicesLn 2g$327K
Investment incomeLn 3$116
Money outPt IX
$355K
Ln 25
Programscol B$303K
Managementcol C$52K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$109K
Total assetsLn 16$1.7M
LiabilitiesLn 26$577K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$327K
Investment incomeLn 3$116
Gains on assetsLn 7−$788
Total revenueLn 12$326K
Assets in detailPt X, end of year
CashLn 1$8K
SavingsLn 2$101K
Cash and savings togetherLn 1–2$109K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$9K
Total assetsLn 16$1.7M
LiabilitiesLn 26$577K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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 FY25End FY25
Cash and savingsLn 1–2$80K$109K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$608K$577K
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$28K$7K$21K
Legal feesLn 11b$35$35
Accounting feesLn 11c$11K$11K
Office expensesLn 13$46K$27K$19K
Information technologyLn 14$2K$2K
OccupancyLn 16$149K$149K
TravelLn 17$546$546
Depreciation, depletion and amortizationLn 22$89K$89K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$13K$13K
Total functional expensesLn 25$355K$303K$52K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $326K$355K−$29K$1.1M 990 PDF
FY2024 $260K$376K−$116K$1.1M 990 PDF
FY2023 $254K$355K−$101K$1.2M 990 PDF
FY2022 $247K$343K−$97K$1.3M 990 PDF
FY2021 $251K$309K−$59K$1.4M 990 PDF
FY2020 $250K$333K−$83K$1.5M 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 FY2025 990 (6 parts)
Part I · Summary $325,907 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $260,359$326,579
I-10 Investment incomePrior year $124−$672
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $260,483$325,907
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $376,072$354,894
I-18 Total expensesPrior year $376,072$354,894
I-19 Revenue less expensesPrior year −$115,589−$28,987
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $325,907 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $324,113 · Excluded from tax $2,466$326,579
VIII-3 Investment incomeExcluded from tax $116$116
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$788−$788
VIII-12 Total revenueRelated to mission $324,113 · Unrelated business $0 · Excluded from tax $1,794$325,907
Part IX · Statement of functional expenses $354,894 across 10 lines filed
IX-11a Management feesPrograms $6,900 · Management $20,700$27,600
IX-11b Legal feesManagement $35$35
IX-11c Accounting feesManagement $11,300$11,300
IX-13 Office expensesPrograms $27,133 · Management $19,140$46,273
IX-14 Information technologyPrograms $2,319$2,319
IX-16 OccupancyPrograms $149,093$149,093
IX-17 TravelManagement $546$546
IX-22 Depreciation, depletion and amortizationPrograms $88,524$88,524
IX-23 InsurancePrograms $16,309$16,309
IX-24 Other expenses (24a–d)Programs $12,895$12,895
IX-25 Total functional expensesPrograms $303,173 · Management $51,721 · Fundraising $0$354,894
Part X · Balance sheet $1,655,130 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $174$7,530
X-2 Savings and temporary cash investmentsStart of year $79,783$101,197
X-4 Accounts receivableStart of year $196$131
X-9 Prepaid expenses and deferred chargesStart of year $13,125$11,964
X-10c Land, buildings and equipment, netStart of year $1,613,029$1,525,649
X-15 Other assetsStart of year $8,258$8,659
X-16 Total assetsStart of year $1,714,565$1,655,130
X-17 Accounts payable and accrued expensesStart of year $6,563$4,627
X-19 Deferred revenueStart of year $1,046$2,200
X-25 Other liabilitiesStart of year $152,525$122,859
X-26 Total liabilitiesStart of year $607,634$577,186
X-27 Net assets without donor restrictionsStart of year −$882,269−$911,256
X-28 Net assets with donor restrictionsStart of year $1,989,200$1,989,200
X-32 Total net assets or fund balancesStart of year $1,106,931$1,077,944
X-33 Total liabilities and net assetsStart of year $1,714,565$1,655,130
Part XI · Reconciliation of net assets $1,077,944 net assets at year end
XI-1 Total revenue$325,907
XI-2 Total expenses$354,894
XI-3 Revenue less expenses−$28,987
XI-4 Net assets at start of year$1,106,931
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,077,944

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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