Addison County Community Trust
Addison County Community Trust
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About this organization
Mission
ACCT strives to enrich the lives of low and moderate income people of Addison County by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.
About
Property management: management and/or stewardship of over 600 units of permanently affordable housing; this includes: property management for 228 multifamily tax credit and rural development apartments; operation of 340 lots in nine nonprofit acct-owned parks for owner-occupied mobile homes; and down payment grants for moderate-income households with subsequent stewardship of approximately 78 homes in the shared-equity program. Approximately 643 households were served in 2018.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “Acct strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.”.
When detailing its functions, they were listed as: “Acct strives to enrich the lives of low and moderate income people of addison county by developing, managing and preserving quality, affordable housing and providing supports for families, seniors and individuals.”.
- According to the law, the state where the non-profit operates has been reported as VT.
- The filing specifies that the non-profit's address in 2019 was 272 MAIN STREET, VERGENNES, VT, 05491.
- As of 2019, the non-profit's form shows they have a total of 20 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Provides credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $423,912.
- The CEO compensation scheme within the organization is based on a review and endorsement process by a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 8 independent voting members.
- The organization was formed in 1989.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $741,798 in salary, compensation, and benefits to its employees.
- The organization pays $19,115 in fundraising expenses.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.