VERMONT HOUSING FINANCE AGENCY: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- VERMONT HOUSING FINANCE AGENCY (EIN 03-0239902)
- Tax period
- 2011-07-01 to 2012-06-30
- Filed
- 2013-05-14
- IRS object ID
- 201331349349302288
- Schema version
- 2011v1.5
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule D
- Schedule J
- Schedule K
- Schedule K
- Schedule K
- Schedule K
- Schedule K
- Schedule K
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-05-14T10:49:28-05:00 | Timestamp |
| Tax Period End Date | 2012-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 EAST PRATT STREET SUITE 200 | AddressLine1 |
| City | BALTIMORE | City |
| State | MD | State |
| ZIP Code | 212023100 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 030239902 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VERMONT HOUSING FINANCE AGENCY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % THOMAS CONNORS | InCareOfName |
| Name Control | VERM | NameControl |
| Phone | 8026523436 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 164 ST PAUL STREET | AddressLine1 |
| Address Line2 | PO BOX 408 | AddressLine2 |
| City | BURLINGTON | City |
| State | VT | State |
| ZIP Code | 05401 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS CONNORS | Name |
| Title | CFO | Title |
| Date Signed | 2013-05-10 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PHILIP H CORNBLATT CPA | Name |
| Phone | 4107834900 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Initial Return | X | InitialReturn |
| Name Of Principal Officer Person | TOM CONNORS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 164 ST PAUL STREET | AddressLine1 |
| City | BURLINGTON | City |
| State | VT | State |
| ZIP Code | 05402 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 51057866 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | vhfa.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1974 | YearFormation |
| State Legal Domicile | VT | StateLegalDomicile |
| Activity Or Mission Description | To provide access to low cost, flexible, and innovative programs for individuals in need of affordable mortgage financing. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 53 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 50445177 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 40114514 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 4403207 | InvestmentIncomePriorYear |
| Investment Income Current Year | 6109871 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 318613 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 55166997 | TotalRevenuePriorYear |
| Total Revenue Current Year | 46224385 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 3153176 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2863113 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 51679415 | OtherExpensePriorYear |
| Other Expenses Current Year | 41964645 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 54832591 | TotalExpensesPriorYear |
| Total Expenses Current Year | 44827758 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 334406 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 1396627 | RevenuesLessExpensesCY |
| Total Assets BOY | 812649609 | TotalAssetsBOY |
| Total Assets EOY | 752823757 | TotalAssetsEOY |
| Total Liabilities BOY | 727376864 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 666154377 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 85272745 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 86669380 | NetAssetsOrFundBalancesEOY |
| Mission Description | The agency has issued more than $3 billion in bonds to finance homeownership and rental opportunities for low- and moderate-income Vermonters. Over its nearly-37-year history, VHFA has put that money to use helping approximately 27,000 Vermont households to buy a home and financing the development of approximately 8,400 affordable rental units. Loans provided to home buyers and developers typically carry interest rates that are lower than the rates that would be charged by other mortgage funders. This lowers the cost of home ownership and operating rental properties. The flexibility of its financing enables VHFA to collaborate with community land trusts across the state on many of our loans to low- and moderate-income home buyers. This promotes long-term affordability of a portion of Vermont's housing stock through land trust shared-equity programs. VHFA is primary tool for financing the development of multifamily affordable rental housing is the Low-Income Housing Tax Credit program. | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 36685989 | Expense |
| Revenue | 32351638 | Revenue |
| Description | Monies from the single family, multi-family, multi-purpose, and general operating program funds have been used by the Agency to purchase mortgage backed securities and finance mortgage loans on single and multi-family residential housing units for persons and families of low and moderate income within the state of Vermont. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 7762876 | Expense |
| Revenue | 7762876 | Revenue |
| Description | The Agency participates in the following federal funding programs under the American Recovery and Reinvestment Act of 2009 (ARRA) and Federal Housing and Economic Recovery Act of 2008 (HERA): Federal Tax Credit Assistance Program (TCAP), Neighborhood Stabilization Program (NSP), Homeownership Acquisition and Rehabilitation Program (HARP), Homeownership Acquisition and Rehabilitation Program (HARP III), and Neighborhood Stabilization Program (NSP-3). | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 44448865 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | false | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | false | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | true | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | false | ForeignActivities |
| More Than5000 K To Organizations | false | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | true | TaxExemptBonds |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBonds |
| Escrow Account | false | EscrowAccount |
| On Behalf Of Issuer | true | OnBehalfOfIssuer |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 333 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 53 | NumberOfEmployees |
| Employment Tax Returns Filed | true | EmploymentTaxReturnsFiled |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | false | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Excess Business Holdings | false | ExcessBusinessHoldings |
| Taxable Distributions | false | TaxableDistributions |
| Distribution To Donor | false | DistributionToDonor |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | false | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | false | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | VT | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | THOMAS CONNORS | NamePerson |
| Telephone Number | 8026523436 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 164 ST PAUL STREET | AddressLine1 |
| City | BURLINGTON | City |
| State | VT | State |
| ZIP Code | 05402 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (12 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Institutional TrusteeInstitutionalTrustee | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| Thomas N Pelletier | ||||||
| TRUSTEE | 1.0 | X | 0 | 0 | 0 | |
| Gustave Seelig | ||||||
| TRUSTEE | 1.0 | X | ||||
| Lamont Barnett | ||||||
| TRUSTEE | 1.0 | X | ||||
| Thomas Candon | ||||||
| TRUSTEE | 1.0 | X | ||||
| Dagyne Canney | ||||||
| TRUSTEE | 1.0 | X | 1188 | |||
| Jennifer Hollar | ||||||
| TRUSTEE | 1.0 | X | ||||
| Bartlett Frisbee | ||||||
| TRUSTEE | 1.0 | X | 622 | |||
| Elizabeth Pearce | ||||||
| TRUSTEE | 1.0 | X | ||||
| Lisa Mitiguy Randall | ||||||
| TRUSTEE | 1.0 | X | ||||
| Sarah Carpenter | ||||||
| EXECUTIVE DIRECTOR/SECRETARY | 50.0 | 133649 | 19876 | X | ||
| David Adams | ||||||
| CHIEF OF PROGRAM OPERATIONS | 50.0 | 107326 | 27863 | X | ||
| Thomas R Connors | ||||||
| CHIEF FINANCIAL OFFICER | 50.0 | 109771 | 26251 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 352556 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 73990 | TotalOtherCompensation |
| Number Individuals GT100 K | 3 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE BANK OF NY MELLON | |||||
| 500 GRANT STREET SUITE 475 | PITTSBURGH | PA | 15258 | trustee SERVICES | 236959 |
| KUTAK ROCK LLP | |||||
| PO BOX 30057 | OMAHA | NE | 681031157 | LEGAL SERVICES | 201518 |
| PIPER JAFFRAY CO | |||||
| 800 NICOLLET MALL J13S24 | MINNEAPOLIS | MN | 554027020 | FINANCIAL ADVISING | 190462 |
| MOODY'S INVESTORS SERVICE | |||||
| PO BOX 102597 | ATLANTA | GA | 303680597 | BOND RATING | 113900 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Total Contributions | 0 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| FEE INCOME - SINGLE FAMILY | 523000 | 20195 | 20195 |
| FEE INCOME - MULTI-FAMILY | 523000 | 683082 | 683082 |
| OTHER OPERATING INCOME | 523000 | 81256 | 81256 |
| INTEREST INCOME - MORTGAGES | 523000 | 31567105 | 31567105 |
| FEDERAL PROGRAMS | 523000 | 7762876 | 7762876 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 40114514 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2249207 | TotalRevenueColumn |
| Exclusion | $2,249,207 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 8694145 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 4833481 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 3860664 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 3860664 | TotalRevenueColumn |
| Exclusion | $3,860,664 | ExclusionAmount |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 46224385 | TotalRevenueColumn |
| Related Or Exempt Function Income | 40114514 | RelatedOrExemptFunctionIncome |
| Exclusion | $6,109,871 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 153525 | Total |
| Program Services | 153525 | ProgramServices |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2709588 | Total |
| Program Services | 2709588 | ProgramServices |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 140338 | Total |
| Program Services | 140338 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 50600 | Total |
| Management And General | 50600 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 37305 | Total |
| Management And General | 37305 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 47177 | Total |
| Program Services | 47177 | ProgramServices |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110815 | Total |
| Program Services | 110815 | ProgramServices |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 112224 | Total |
| Program Services | 112224 | ProgramServices |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices |
|---|---|---|
| FINANCING COSTS | 29732708 | 29732708 |
| FEDERAL GRANT EXPENSES | 7762875 | 7762875 |
| SERVICE FEE EXPENSE | 662797 | 662797 |
| TRUSTEE FEES | 181234 | 181234 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3126572 | Total |
| Program Services | 2835584 | ProgramServices |
| Management And General | 290988 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 44827758 | Total |
| Program Services | 44448865 | ProgramServices |
| Management And General | 378893 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 179292801 | BOY |
| EOY | 150558107 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4765380 | BOY |
| EOY | 2270395 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 466265100 | BOY |
| EOY | 437661998 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 3023416 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 2213824 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1564897 | BOY |
| EOY | 809592 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26624757 | BOY |
| EOY | 24703925 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70877082 | BOY |
| EOY | 104773106 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 63259592 | BOY |
| EOY | 32046634 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 812649609 | BOY |
| EOY | 752823757 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3791714 | BOY |
| EOY | 1883276 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 393162 | BOY |
| EOY | 629913 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 687691157 | BOY |
| EOY | 627686556 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 28110074 | BOY |
| EOY | 25105502 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7390757 | BOY |
| EOY | 10849130 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 727376864 | BOY |
| EOY | 666154377 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2571000 | BOY |
| EOY | 4559000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 82701745 | BOY |
| EOY | 82110380 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 85272745 | BOY |
| EOY | 86669380 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 812649609 | BOY |
| EOY | 752823757 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 1396627 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 8 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | true | FederalGrantAuditRequired |
| Federal Grant Audit Performed | true | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | X | SupportingOrganization509a3 |
| Supporting Org509a3 Type3 Func Int | X | SupportingOrg509a3Type3FuncInt |
| Contrib By Controlling Individual | false | ContribByControllingIndividual |
| Contribution By Related Party | false | ContributionByRelatedParty |
| Contrib By35 Controlled Entity | false | ContribBy35ControlledEntity |
Supported Org Information SupportedOrgInformation
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | STATE OF VERMONT | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 036000264 | EIN |
| Type Of Organization | 06 | TypeOfOrganization |
| Listed In Governing Doc | true | ListedInGoverningDoc |
| Supported Organization Notified | true | SupportedOrganizationNotified |
| Organized In US | true | OrganizedInUS |
| Amount | $7,762,876 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Supported Orgs | 1 | TotalNumberOfSupportedOrgs |
| Sum Of Amounts | 7762876 | SumOfAmounts |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts | |
| Current Year Minus3 Years | CurrentYearMinus3Years |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 50000 | OtherCostOrOtherBasis |
| Book Value | 50000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1000834 | OtherCostOrOtherBasis |
| Depreciation | 437865 | Depreciation |
| Book Value | 562969 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Leasehold Improvements | LeaseholdImprovements |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1972582 | OtherCostOrOtherBasis |
| Depreciation | 1775959 | Depreciation |
| Book Value | 196623 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Land Buildings | OtherLandBuildings | |
| Total Of Book Value Land Buildings | 809592 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MORTGAGE BACKED SECURITIES | Description |
| Book Value | 104773106 | BookValue |
| Method Of Valuation | F | MethodOfValuation |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 104773106 | TotalOfBookValueProgramRelated |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ESCROWED CASH DEPOSITS | $5,872,477 |
| ACCRUED INTEREST PAYABLE | $4,976,653 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 10849130 | TotalOfAmounts |
| Total Revenue | 46224385 | TotalRevenue |
| Total Expenses | 44827758 | TotalExpenses |
| Excess Or Deficit For Year | 1396627 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 1396627 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 46224385 | TotRevenueEtcAuditedFinclStmt |
| Revenue Subtotal | 46224385 | RevenueSubtotal |
| Total Revenue Per Form990 | 46224385 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 44827758 | TotExpensesEtcAuditedFinclStmt |
| Expenses Subtotal | 44827758 | ExpensesSubtotal |
| Total Expenses Per Form990 | 44827758 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | FIN 48 | Identifier |
| Return Reference | PART X, LINE 2 | ReturnReference |
| Explanation | The Agency is generally exempt from federal and Vermont income taxes under Section 115 of the Internal Revenue Code and applicable state laws. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | Sarah Carpenter | NamePerson |
| Base Compensation Filing Org | 133649 | BaseCompensationFilingOrg |
| Deferred Comp Filing Org | 12215 | DeferredCompFilingOrg |
| Nontaxable Benefits Filing Org | 7661 | NontaxableBenefitsFilingOrg |
| Total Compensation Filing Org | 153525 | TotalCompensationFilingOrg |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195E63 | 2003-04-23 | 32270000 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195K74 | 2004-04-23 | 31915530 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195L65 | 2004-08-12 | 32133853 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195R93 | 2004-11-30 | 47666852 | Purchase/Make Mortgage Loans | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 28825000 | 0 | 32544733 | 388186 | 0 | 0 | 387607 | 32453 | 0 | 0 | 31568573 | 171400 | true | false | true | true |
| 19060000 | 0 | 32211117 | 783068 | 0 | 0 | 393383 | 48186 | 0 | 0 | 30991917 | 109 | false | false | true | true |
| 19420000 | 0 | 32375308 | 774725 | 0 | 0 | 440434 | 53107 | 0 | 0 | 31036080 | 77606 | false | false | true | true |
| 25780000 | 0 | 48118433 | 1162649 | 0 | 0 | 551078 | 56736 | 0 | 0 | 46356909 | 0 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BNY Mellon | |||||||||||
| false | true | true | 16.1 | true | false | false | 0 | false | true | ||
| BNY Mellon | |||||||||||
| false | true | true | 23.6 | true | false | true | AIG | false | true | 31. | true |
| BNY Mellon | |||||||||||
| false | true | true | 23.8 | true | false | true | AIG | false | true | 30.7 | true |
| BNY Mellon | |||||||||||
| false | true | true | 24.5 | true | false | true | Assured Guaranty | false | true | 30.9 | true |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195U99 | 2005-04-28 | 72254792 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924195Y20 | 2005-10-26 | 59472328 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 9241952L3 | 2006-04-19 | 72299480 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92418PAX5 | 2006-07-15 | 72412592 | Purchase/Make Mortgage Loans | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20880000 | 0 | 74547312 | 1287713 | 0 | 0 | 551474 | 54912 | 0 | 0 | 72609838 | 52162 | true | false | true | true |
| 26630000 | 0 | 60949348 | 1582729 | 0 | 0 | 617121 | 68990 | 0 | 0 | 58693108 | 0 | true | false | true | true |
| 21750000 | 0 | 74475430 | 16654025 | 0 | 0 | 588065 | 47695 | 0 | 0 | 57123324 | 72702 | true | false | true | true |
| 24880000 | 0 | 74612209 | 1389342 | 0 | 0 | 588720 | 42397 | 0 | 0 | 72520721 | 85082 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BNY Mellon | |||||||||||
| false | true | true | 29.6 | true | false | true | TRANSAMERICA | 30.6 | false | false | true |
| BNY MELLON | |||||||||||
| false | true | true | 29.1 | true | false | true | Transamerica | 30.1 | true | false | true |
| BNY MELLON | |||||||||||
| true | true | true | 29.6 | true | false | true | AIG | 30.5 | true | false | true |
| BNY MELLON | |||||||||||
| true | true | true | 30.3 | true | false | true | AIG | 31.3 | true | false | true |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92418PBY2 | 2006-10-26 | 54574260 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92418PDA2 | 2007-03-08 | 42915852 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92418PBD2 | 2007-07-24 | 67337215 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924180DB4 | 2007-09-12 | 95170200 | Purchase/Make Mortgage Loans | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 21065000 | 0 | 55444380 | 1209951 | 0 | 0 | 503430 | 54700 | 0 | 0 | 52963342 | 725667 | true | false | true | true |
| 13950000 | 0 | 43822166 | 1761325 | 0 | 0 | 451179 | 41441 | 0 | 0 | 41509535 | 70032 | true | false | true | true |
| 31340000 | 0 | 68188767 | 2581002 | 0 | 0 | 655351 | 44603 | 0 | 0 | 64849659 | 67650 | true | false | true | true |
| 24510000 | 0 | 98188604 | 1994123 | 0 | 0 | 645100 | 63440 | 0 | 0 | 95300668 | 191990 | true | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BNY MELLON | |||||||||||
| false | true | true | 30.6 | true | false | true | AIG | 31.6 | true | false | true |
| 0 | |||||||||||
| false | false | false | true | TRANSAMERICA | 31.2 | true | false | true | |||
| BNY MELLON | |||||||||||
| false | true | true | 29.8 | true | false | true | DEPFA-terminated | 1.3 | true | false | true |
| BNY MELLON | |||||||||||
| false | true | true | 30.2 | true | false | true | DEPFA-terminated | 1.2 | true | false | true |
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924190EE7 | 2008-09-24 | 50000000 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92419OEL1 | 2012-05-02 | 75100080 | Purchase/Make Mortgage Loans | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92419PAX4 | 2010-10-27 | 30182188 | Purchase Certificates of Pools | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92419PBA3 | 2011-11-22 | 30399700 | Purchase Certificates of Pools | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25990000 | 0 | 50840589 | 1076931 | 0 | 0 | 532421 | 0 | 0 | 0 | 49156928 | 78410 | false | false | true | true |
| 0 | 0 | 75112288 | 5813455 | 0 | 0 | 729934 | 0 | 0 | 0 | 53699860 | 14885182 | true | false | false | true |
| 565000 | 0 | 30208426 | 0 | 0 | 0 | 259826 | 0 | 0 | 0 | 29922523 | 26077 | false | false | true | true |
| 0 | 0 | 30415190 | 0 | 0 | 0 | 249946 | 0 | 0 | 0 | 30114356 | 50888 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Wells Fargo Bank | |||||||||||
| false | true | true | 31.7 | true | false | true | DEPFA-terminated | 0.2 | true | false | true |
| 0 | |||||||||||
| false | false | false | true | Deutsche Bank | 0.7 | true | false | true | |||
| 0 | |||||||||||
| false | false | false | true | Bayerische | 1. | true | false | true | |||
| 0 | |||||||||||
| false | false | false | true | NATIXIS | 1. | true | false | true | |||
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194JF1 | 2003-02-27 | 5430000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194JX2 | 2003-11-13 | 10955000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194KX0 | 2004-06-24 | 14090000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194MJ9 | 2005-05-06 | 4120000 | Make Loans to Finance Projects | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1525000 | 0 | 5436357 | 284725 | 0 | 0 | 74815 | 0 | 0 | 0 | 5076625 | 193 | false | false | true | true |
| 1440000 | 0 | 10994498 | 697391 | 0 | 0 | 299385 | 0 | 0 | 0 | 9980930 | 16792 | true | false | true | true |
| 1855000 | 0 | 14288086 | 985997 | 0 | 0 | 213776 | 0 | 0 | 0 | 13069853 | 18460 | false | false | true | true |
| 460000 | 0 | 44148690 | 264853 | 0 | 0 | 65663 | 0 | 0 | 0 | 3739084 | 79091 | false | false | true | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate | Term Of GICTermOfGIC | Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied |
|---|---|---|---|---|---|---|---|---|
| 0 | ||||||||
| false | false | false | false | 0 | false | true | ||
| 0 | ||||||||
| false | false | false | false | 0 | false | true | ||
| 0 | ||||||||
| false | false | false | true | AIG | false | true | 42.2 | true |
| 0 | ||||||||
| false | false | false | false | 0 | false | true | ||
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer | Pool FinancingPoolFinancing |
|---|---|---|---|---|---|---|---|
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194MM2 | 2007-01-25 | 2415000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 924194MN0 | 2008-01-24 | 1595000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92419PAZ9 | 2011-03-31 | 6710000 | Make Loans to Finance Projects | false | false | false |
| Vermont Housing Finance Agency | |||||||
| 030239902 | 92419MS90 | 2011-12-15 | 20555000 | Make Loans to Finance Projects | false | false | false |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Amount RetiredAmountRetired | Amount Bond DefeasedAmountBondDefeased | Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Capitalized InterestCapitalizedInterest | Refunding EscrowRefundingEscrow | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Credit EnhancementCreditEnhancement | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Other Spent ProceedsOtherSpentProceeds | Amount UnspentAmountUnspent | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 135000 | 0 | 2423852 | 0 | 0 | 0 | 85502 | 20911 | 0 | 0 | 2312694 | 4744 | true | false | true | true |
| 120000 | 0 | 1596079 | 0 | 0 | 0 | 36684 | 13495 | 0 | 0 | 1545901 | 0 | false | false | true | true |
| 120000 | 0 | 6710000 | 246329 | 0 | 0 | 50155 | 0 | 0 | 0 | 6351180 | 62336 | true | false | true | true |
| 75000 | 0 | 20555000 | 527597 | 0 | 0 | 132411 | 0 | 0 | 0 | 15653786 | 4241206 | false | false | false | true |
Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)
| Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers |
|---|
| 0 |
| 0 |
| 0 |
| 0 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Term Of HedgeTermOfHedge | Superintegrated HedgeSuperintegratedHedge | Hedge TerminatedHedgeTerminated | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Business Name Line1NameOfGICProvider/BusinessNameLine1 | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|---|---|---|---|
| KEY BANK | |||||||||
| false | true | true | 15. | true | false | false | 0 | false | true |
| KEY BANK | |||||||||
| false | true | true | 15. | true | false | false | 0 | false | true |
| 0 | |||||||||
| false | false | false | false | 0 | false | true | |||
| 0 | |||||||||
| false | false | false | false | 0 | false | true | |||
Form990 Schedule K Part VI Form990ScheduleKPartVI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | TOTAL PROCEEDS DIFFER FROM THE ISSUE PRICE. | Identifier |
| Return Reference | 0 | ReturnReference |
| Explanation | Interest Earnings are included in gross proceeds of the issue. | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CONFLICTS OF INTEREST | FORM 990, PART VI, SECTION B, LINE 12C | As part of the Conflict of Interest policy, staff are required to report to their supervisor any possible instances where a conflict may arise and a decision is made as to whether a conflict exists. |
| DETERMINATION OF COMPENSATION | FORM 990, PART VI, SECTION B, LINE 15A | The Executive Director is evaluated annually by the HR Committee Chair of the Board of Commissioners and usually the Chair of the Board. Each year at budget time the HR Board Committee is given a total compensation analysis. Some years a comparison among the other housing agencies in the State occurs. Of recent years the Executive Director has received the same salary increase percent as the Agency staff (provided performance warranted such increase for individual staff). |
| RECONCILIATION OF NET ASSETS | PART XI, LINE 5 | DUE TO ROUNDING - $8 |