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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter The Housing Foundation Inc.

The Housing Foundation Inc.

Fiscal year ending 2019. Filed on January 10, 2020.

PO Box 157
Montpelier, Vermont 05601

The Housing Foundation Inc. (EIN: 03-0305214) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, The Housing Foundation Inc., a 501(c)(3) charitable organization, reported compensation for 3 employees. Among the employees shown here, the average compensation is $43,569. The highest compensated employee at The Housing Foundation Inc. is Tim Palmer with fiscal year 2019 compensation of $82,753.

Revenue, expenses, and employee compensation

Revenue

$6,760,824

Expenses

$6,268,450

Employee compensation

$102,891
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Tim Palmer
Former Executive
$82,753
$82,753 No related compNo other comp
Jonathan Bond
Executive Director
$4,385
$4,385 No related compNo other comp
Richard Williams
Secretary and Treasurer
$0

Benchmark Employee Compensation

Non-Employee Board Members

Mary Houghton
Board Member
$947
$947 No related compNo other comp
David Muzzy
Board Member
$623
$623 No related compNo other comp
Michael Lorraine
Board Member
$243
$243 No related compNo other comp
Hal Cohen
Board Member
$194
$194 No related compNo other comp
Alison Bell
President
No compensation reported
Robert Dostis
Board Member
No compensation reported
Charles Grenier
Board Member
No compensation reported
Charles Cherhoniak
Vice President
No compensation reported

Contractors

Millbrook Building and Remodeling IN
Renovations
$1,866,695
Vermont State Housing Authority
Acct./Mgmnt
$838,713
Nadine Scibek
Legal
$156,124
Freshcoat Sealcoating Inc.
General Contrac
$141,177

Mission Statement

THE HOUSING FOUNDATION, INC. PROVIDES SAFE, DECENT HOUSING AFFORDABLE TO PEOPLE WITH LOW INCOME THROUGHOUT VERMONT THROUGH OUR 234 UNITS IN 11 PROPERTIES AND PROMOTING AFFORDABLE HOME OWNERSHIP THROUGH OUR 1,006 LOTS IN 18 PARKS. WE ARE CONTINUALLY LOOKING TO EXPAND ACCESS TO AFFORDABLE HOUSING BY PRESERVING EXISTING UNITS THROUGH ACQUISITION AND DEVELOPING NEW PROPERTIES TO GROW THE AVAILABLE HOUSING STOCK.

Revisions to this organization profile

February 3, 2025:
2024 The Housing Foundation Inc. 990 filed
February 1, 2024:
2023 The Housing Foundation Inc. 990 filed
February 7, 2023:
2022 The Housing Foundation Inc. 990 filed

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