Homeshare Vermont Inc

What it reported doing in 2024

Homeshare Vermont helps the state of Vermont meet two important goals by assisting our aging neighbors to age at home safely, while helping others find an affordable place to live. We provide a comprehensive service for those two groups with ongoing support. While there are no age or income restrictions for homesharing, most people sharing their homes (hosts) are elders or persons with a disability while most people looking for housing (guests) can't afford market rents. For hosts, homesharing decreases social isolation, delays or prevents nursing home moves in addition to helping out in myriad other ways including more manageable home upkeep, better nutrition and the peace of mind of another person's presence. For guests, homesharing can be a lifeline for folks who might be headed for homelessness, it can help them integrate into a new community and it can allow them to accept a job in a town that they might not have been able to take without an affordable housing option. Most of our participants (70% of hosts and 92% of guests) are low-income individuals. Our fy2025 outcomes report indicate that our clients really do value the service we provide, 80% report feeling happier, 79% felt safer and less lonely, 71% report enjoying their home more and 55% worry less about money. In fy 2025 homeshare served 990 vermonters and our matched participants saved a total of 1,441,370. Homeshare guests provided approximately 37,989 hours of assistance to seniors and others. This represents a savings of over 560,700 for those sharing their home and their families if they had to hire help (based on bls estimates). By sharing their homes, low income seniors and others received over 395,300 in rental income to help them make ends meet. The average rent in a homesharing match was 379 with 30% of guests paying 0 rent. Using the different between market rents and actual homeshare agreement rents, it is estimated that homeshare guests saved over 880,670 in rental expenses (based on fmr data from hud). Homeshare Vermont is poised to expand our service area in fy26 to include an additional four counties and reach more vermonters than any time in our 43-year history.

Financial Efficiency

• Mission deployment rate: 80.7%; rating input score 81
• Program expense ratio: 91.1%; rating input score 91
• Fundraising efficiency: $26.6 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 13.6%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 3.9; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 11.8%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
• Revenue growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
• Asset growth: 9.1% per year; rating input score 100; 56th percentile among comparable filings