Vermont Housing Finance Agency
164 St Paul St Pobox 408, Burlington, VT · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $40,403,284 | $33,776,500 | $123,644,162 |
| FY2024 | $46,589,066 | $35,498,206 | $112,191,843 |
| FY2023 | $55,948,964 | $48,393,165 | $104,516,051 |
| FY2022 | $39,283,323 | $33,470,780 | $104,061,945 |
| FY2021 | $30,569,520 | $26,192,036 | $115,557,940 |
| FY2020 | $30,432,850 | $25,561,237 | $113,198,438 |
| FY2019 | $29,631,091 | $25,532,821 | $99,338,618 |
| FY2018 | $27,027,571 | $23,166,737 | $86,013,500 |
| FY2017 | $28,421,612 | $22,178,111 | $87,999,401 |
| FY2016 | $33,184,259 | $24,995,788 | $88,833,674 |
| FY2015 | $31,398,078 | $27,885,315 | $80,645,203 |
| FY2014 | $35,504,774 | $31,434,559 | $77,132,440 |
| FY2013 | $31,927,324 | $36,954,446 | $73,062,249 |
| FY2012 | $46,224,385 | $44,827,758 | $86,669,380 |
Form 990 filings
The returns filed by Vermont Housing Finance Agency (EIN 03-0239902), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $35,553,171 | 88% |
| Other revenue | $4,850,113 | 12% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $33,130,430 | 98% |
| Management & general | $646,070 | 2% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 88% of total revenue in FY2025.
- Program services accounted for 98% of functional expenses, management & general 2%, and fundraising 0%.
- 98% of functional expenses went to program services in FY2025. That is higher than 91.4% of 929 Housing & Shelter organizations nationwide (too few in VT for a state comparison).
- Net assets covered about 43.9 months of expenses at the end of the reporting year. That puts it in the 88th percentile among 59 Housing & Shelter organizations in VT.
- Total revenue was higher than 98.4% of 61 Housing & Shelter organizations in VT.
- Total revenue fell from $46,224,385 in FY2012 to $40,403,284 in FY2025. Revenue increased in 7 and decreased in 6 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 1 of 14 reported years (FY2013).
- The highest revenue on record here is $55,948,964 in FY2023.
- Net assets grew from $86,669,380 to $123,644,162 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
TO FINANCE AND PROMOTE AFFORDABLE, SAFE AND DECENT HOUSING OPPORTUNITIES FOR LOW- AND MODERATE-INCOME VERMONTERS.
IRS status
| Ruling year | 2002 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L122 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization, type unspecified). |
Similar organizations
- Champlain Housing Tr — Burlington, VT · $55,910,102
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.