Champlain Housing Trust

Overview

Mission

Champlain Housing Trust is a Community Land Trust that supports the people of Northwest Vermont and strengthens their communities through the development and stewardship of permanently affordable homes and related community assets.

What it reported doing in 2023

The organization provides a suite of homeownership services including education to assist with credit, budgeting, home purchase, and post-purchase topics; affordable loans to assist with the purchase or essential repair of homes; and access to affordable home purchases through its signature shared equity program. The organization also provides ongoing stewardship of its permanently affordable, owner-occupied home portfolio, including facilitation of home purchases and sales.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 93% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
222536446
IRS 990 coverage
2009–2023
Official website data refreshed
Sep 2026
Forms available
Form 990 2023
Headquarters
Burlington, VT, US
Phone
(802) 861-7394
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 78
  • Accountability: 100
  • Sustainability: 79
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 73.3%; rating input score 73
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $45.22 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 89.9%; rating input score 90; 21st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.1%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 5.86; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 3.7%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 11% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 12.4% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 67th percentile among comparable filings

Details

  • What they do: 12 programs and campaigns described on the official site · 3 operating locations identified
  • Where the money goes: 73.3% of revenue deployed · 84.4% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $25.9M in reported program spending
  • Leadership: top reported pay $187K · 23 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.5M reported
  • Consistency: 36 of 37 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: 19 filed money-flow records
  • Related organizations: 68 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Leadership & pay

23 people listed

Highest reported compensation

  • MICHAEL MONTE (CEO): $187,031 total reported compensation
  • AMELIA DEMETROWITZ (CHIEF OPERATING OFFICER): $167,657 total reported compensation
  • CHERYL READ (CAO/CFO): $154,320 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.