DOWNSTREET HOUSING AND COMMUNITY D… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

ANGIE HARBIN

Phone

8024764493

Tax Period

2023-01-01 to 2023-12-31

DOWNSTREET HOUSING AND COMMUNITY DEVELOPMENT INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 18% operating margin.

Mission

DOWNSTREET STRENGTHENS THE COMMUNITIES OF CENTRAL VERMONT BY ENGAGING WITH PEOPLE, PROVIDING AFFORDABLE HOMES, AND CONNECTING PEOPLE TO THE RESOURCES AND SERVICES THEY NEED TO THRIVE.

Program Service Accomplishments

Program 1

Expenses: $2,045,941 Revenue: $1,304,739

PROPERTY MANAGEMENT - ACCOUNTS FOR THE SERVICES PROVIDED TO OTHER PROPERTIES IN WHICH DOWNSTREET IS AN INVESTOR.

Program 2

Expenses: $1,043,253 Revenue: $788,115

PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS OF THE FOLLOWING PROJECTS: BROMUR, VERDMONT, LIMEHURST MOBILE HOME PARK, HILLSIDE, BRIDGE STREET, GUIDICI, LAUREL STREET, GOOD...

PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS OF THE FOLLOWING PROJECTS: BROMUR, VERDMONT, LIMEHURST MOBILE HOME PARK, HILLSIDE, BRIDGE STREET, GUIDICI, LAUREL STREET, GOOD NEIGHBORS, PHOENIX HOUSE, AND WHISTLESTOP MOBILE HOME PARK.

Program 3

Expenses: $1,368,352 Revenue: $39,325

HOMEOWNERSHIP - ACCOUNTS FOR THE ACTIVITIES OF DOWNSTREET'S HOMEOWNERSHIP CENTER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,159,739

Program Service Revenue $2,487,743

Investment Income $-463,186

Other Revenue $481,634

TOTAL REVENUE $6,665,930

Expense Breakdown

Grants Paid $946,021

Salaries & Benefits $2,413,122

Fundraising Expenses $73,699

Program Expenses $4,749,622

Other Expenses $2,092,207

TOTAL EXPENSES $5,451,350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,665,930	$6,169,989	+0.1%
Expenses	$5,451,350	$4,631,088	+0.2%
Net Income	$1,214,580	$1,538,901	-0.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$138,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGIE HARBIN	EXECUTIVE DI	40.00	Officer	$132,727	$6,042	$138,769
SCHUYLER ANDERSON	CFO	40.00	Highest	$118,950	$14,134	$133,084
KEVIN ELLIS	PRESIDENT	2.00	Officer Director	$0	$0	$0
LORI BELDING	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAPHNE MAKINSON	TREASURER	2.00	Officer Director	$0	$0	$0
PEGEEN MULHERN	SECRETARY	2.00	Officer Director	$0	$0	$0
EMMANUEL RIBY WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
JIM ALVAREZ	DIRECTOR	2.00	Director	$0	$0	$0
POLLY NICHOL	DIRECTOR	2.00	Director	$0	$0	$0
RUBIN BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
SAMANTHA ABARE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH COPELAND HANZAS	DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA GILBERT	DIRECTOR	2.00	Director	$0	$0	$0
TERRI JORDAN	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE HILL	DIRECTOR	2.00	Director	$0	$0	$0
CHELSEA BOSTON	DIRECTOR	2.00	Director	$0	$0	$0
CELINE DAVIS LEFT IN 2023	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL BARLOW LEFT IN 2023	DIRECTOR	2.00	Director	$0	$0	$0
JEANNE RICHARDSON LEFT IN 2023	DIRECTOR	2.00	Director	$0	$0	$0
LARA LONON LEFT IN 2023	DIRECTOR	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$6,665,930	$5,451,350	$18,731,814	$1,214,580
2022	$6,169,989	$4,631,088	$17,964,468	$1,538,901
2021	$5,193,607	$4,659,127	$14,878,701	$534,480
2020	$4,907,611	$4,620,832	$14,666,248	$286,779
2019	$4,841,901	$3,858,725	$13,963,842	$983,176
2018	$3,681,119	$3,582,279	$12,931,112	$98,840

DOWNSTREET HOUSING AND COMMUNITY DEVELOPMENT INC