BURLINGTON, VT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VERMONT HOUSING FINANCE AGENCY, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $40.4M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $6.6M, a strong 16% operating margin.
THE AGENCY HAS ISSUED MORE THAN $4.0 BILLION IN BONDS AND NOTES TO FINANCE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES FOR LOW- AND MODERATE-INCOME VERMONTERS. OVER ITS MORE THAN 50-YEAR HISTORY, VHFA HAS PUT THAT MONEY TO USE HELPING APPROXIMATELY 31,000 VERMONT HOUSEHOLDS TO BUY A HOME AND FINANCING THE DEVELOPMENT OF APPROXIMATELY 9,600 AFFORDABLE RENTAL UNITS. LOANS PROVIDED TO HOME BUYERS AND DEVELOPERS TYPICALLY CARRY INTEREST RATES THAT ARE LOWER THAN THE RATES THAT WOULD BE CHARGED BY OTHER MORTGAGE FUNDERS. THIS LOWERS THE COST OF HOME OWNERSHIP AND OPERATING RENTAL PROPERTIES. THE FLEXIBILITY OF ITS FINANCING ENABLES VHFA TO COLLABORATE WITH COMMUNITY LAND TRUSTS ACROSS THE STATE ON MANY OF OUR LOANS TO LOW- AND MODERATE-INCOME HOME BUYERS. THIS PROMOTES LONG-TERM AFFORDABILITY OF A PORTION OF VERMONT'S HOUSING STOCK THROUGH LAND TRUST SHARED-EQUITY PROGRAMS. VHFA IS THE PRIMARY TOOL FOR FINANCING THE DEVELOPMENT OF MULTIFAMILY AFFORDABLE RENTAL HOUSING THROUGH THE LOW-INCOME HOUSING TAX CREDIT PROGRAM. VHFA HAS WORKED CLOSELY WITH A DIVERSE ARRAY OF AGENCY REPRESENTATIVES, ELECTED OFFICIALS, AND MEMBERS OF THE GENERAL PUBLIC. VHFA STAFF SERVE IN LEADERSHIP ROLES ON TEAMS WORKING TO ADDRESS HOMELESSNESS AND WHOSE MEMBERS SERVE LOW INCOME AND SPECIAL NEEDS VERMONT RENTERS. VHFA HAS SEVERAL STAFF FULLY DEDICATED TO HEIGHTENING GENERAL AWARENESS OF HOUSINGNEEDS FOR LOW- AND MODERATE-INCOME VERMONTERS, INCLUDING PREPARING HOUSING NEEDS ASSESSMENTS OF COUNTIES AND COMMUNITIES AND PROVIDING FREQUENT TESTIMONY BEFORE VERMONT LEGISLATIVE COMMITTEES.
MONIES FROM THE SINGLE FAMILY, MULTI-FAMILY, MULTI-PURPOSE, AND GENERAL OPERATING PROGRAM FUNDS HAVE BEEN USED BY THE AGENCY TO PURCHASE MORTGAGE BACKED SECURITIES AND FINANCE MORTGAGE LOANS ON...
MONIES FROM THE SINGLE FAMILY, MULTI-FAMILY, MULTI-PURPOSE, AND GENERAL OPERATING PROGRAM FUNDS HAVE BEEN USED BY THE AGENCY TO PURCHASE MORTGAGE BACKED SECURITIES AND FINANCE MORTGAGE LOANS ON SINGLE AND MULTI-FAMILY RESIDENTIAL HOUSING UNITS FOR PERSONS AND FAMILIES OF LOW AND MODERATE INCOME WITHIN THE STATE OF VERMONT.
THE AGENCY PARTICIPATES IN THE FOLLOWING FEDERAL FUNDING PROGRAMS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA): HOMEOWNER ASSISTANCE PROGRAM (HAP). THE AGENCY PARTICIPATES IN THE FOLLOWING TREASURY...
THE AGENCY PARTICIPATES IN THE FOLLOWING FEDERAL FUNDING PROGRAMS UNDER THE AMERICAN RESCUE PLAN ACT (ARPA): HOMEOWNER ASSISTANCE PROGRAM (HAP). THE AGENCY PARTICIPATES IN THE FOLLOWING TREASURY DEPARTMENT'S CDFI FUNDED PROGRAM: CAPITAL MAGNET FUNDS 2021, 2023 AND 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $40,403,284 | $46,589,066 | -0.1% |
| Expenses | $33,776,500 | $35,498,206 | 0.0% |
| Net Income | $6,626,784 | $11,090,860 | -0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHRISTOPHER GOMEZ | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED BASER | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| GUSTAVE SEELIG | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNE MORRISSEY | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| KAJ SAMSON | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| KATIE STUART-BUCKLEY | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN GAFFNEY | OUTGOING COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDSAY KURRLE | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE MILORD-AJANMA | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL PIECIAK | COMMISSIONER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS FLANNERY | CHIEF FINANCIAL OFFICER | 50.00 |
Officer
|
$166,072 | $27,315 | $193,387 |
| MAURA COLLINS | EXECUTIVE DIRECTOR | 50.00 |
Officer
|
$217,916 | $45,495 | $263,411 |
| GEORGE DEMAS | GENERAL COUNSEL | 50.00 |
Highest
|
$158,050 | $18,709 | $176,759 |
| JACKLYN SANTERRE | MANAGING DIRECTOR OF HOMEO | 50.00 |
Highest
|
$134,282 | $35,437 | $169,719 |
| DEBORAH FLANNERY | MANAGING DIRECTOR OF COMMUNITY DEVELOPMENT | 50.00 |
Highest
|
$159,606 | $16,831 | $176,437 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $40,403,284 | $33,776,500 | $705,400,189 | $6,626,784 |
| 2024 | No data | No data | No data | No data |
| 2023 | $55,948,964 | $48,393,165 | $515,556,034 | $7,555,799 |
| 2022 | $39,283,323 | $33,470,780 | $493,373,180 | $5,812,543 |
| 2021 | $30,569,520 | $26,192,036 | $515,924,415 | $4,377,484 |
| 2020 | $30,432,850 | $25,561,237 | $617,873,487 | $4,871,613 |
| 2019 | $29,631,091 | $25,532,821 | $576,624,934 | $4,098,270 |
| 2018 | $27,027,571 | $23,166,737 | $536,850,562 | $3,860,834 |
Compare VERMONT HOUSING FINANCE AGENCY with other nonprofits in Vermont and across the country.