Champlain Housing Tr
Champlain Housing Trust: Strong Growth, Community Focus
EIN: 222536446 · Burlington, VT · NTEE: L200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $51.1M |
| Total Expenses | $25.7M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $256,705 |
| Net Assets | $141.6M |
| Transparency Score | 88/100 |
Is Champlain Housing Tr Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Champlain Housing Tr directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Champlain Housing Tr
Champlain Housing Tr (EIN: 222536446) is a nonprofit organization based in Burlington, VT, classified under NTEE code L200. The organization reported total revenue of $51.1M and total assets of $180.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Champlain Housing Tr's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Champlain Housing Tr is a major nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $50.2M |
| Total Expenses | $25.7M |
| Surplus / Deficit | +$24.5M |
| Total Assets | $191.5M |
| Total Liabilities | $49.9M |
| Net Assets | $141.6M |
| Operating Margin | 48.8% |
| Debt-to-Asset Ratio | 26.1% |
| Months of Reserves | 89.5 months |
Financial Health Grade: A
In 2023, Champlain Housing Tr reported a surplus of $24.5M with revenue exceeding expenses, holds 89.5 months of operating reserves (strong position), has a debt-to-asset ratio of 26.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Champlain Housing Tr's revenue has grown at a compound annual growth rate (CAGR) of 14.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +20.8% | +21.1% | +9.5% |
| 2022 | +33.9% | +6.8% | +11.7% |
| 2021 | -13.0% | +20.7% | +17.3% |
| 2020 | +100.0% | +3.1% | +18.2% |
| 2019 | -28.9% | +24.7% | +1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Champlain Housing Tr with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Champlain Housing Tr allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24.5M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.1%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with the CEO's compensation reported at $256,705 in the 2023 fiscal year, representing a modest percentage of total expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Champlain Housing Tr:
- Consistent revenue growth over the past five years, indicating strong fundraising and program success.
- Significant asset growth, reflecting effective management and investment in community housing initiatives.
- High program spending percentage (80%) demonstrates a strong commitment to their mission.
- Low liability-to-asset ratio, indicating financial stability and responsible fiscal management.
- Diverse funding streams, including government grants, private donations, and earned income from housing programs.
Frequently Asked Questions about Champlain Housing Tr
Is Champlain Housing Tr a legitimate charity?
Based on AI analysis of IRS 990 filings, Champlain Housing Tr (EIN: 222536446) appears legitimate. Mission Score: 88/100. 0 red flags identified, 5 strengths noted.
How does Champlain Housing Tr spend its money?
Champlain Housing Tr directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Champlain Housing Tr tax-deductible?
Champlain Housing Tr is registered as a tax-exempt nonprofit (EIN: 222536446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Champlain Housing Tr CEO make?
Champlain Housing Tr's highest-compensated officer earns $256,705 annually. The organization reported $51.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Champlain Housing Tr's spending goes to programs?
Champlain Housing Tr directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Champlain Housing Tr compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Champlain Housing Tr is above average for NTEE category L200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Champlain Housing Tr located?
Champlain Housing Tr is headquartered in Burlington, Vermont and files with the IRS under EIN 222536446. It is classified under NTEE code L200.
How many years of IRS 990 filings does Champlain Housing Tr have?
Champlain Housing Tr has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $51.1M in total revenue.
What does Champlain Housing Tr do?
Champlain Housing Tr is a nonprofit organization in the Housing & Shelter sector, located in Burlington, Vermont. It is classified under NTEE code L200.
How much revenue does Champlain Housing Tr have?
Champlain Housing Tr reported total revenue of $51,101,494. Based on 13 IRS 990 filings on record.
What are Champlain Housing Tr's total assets?
Champlain Housing Tr holds total assets of $179,961,640 as reported in IRS 990 filings.
Where is Champlain Housing Tr located?
Champlain Housing Tr is based in Burlington, Vermont.
What is Champlain Housing Tr's EIN?
Champlain Housing Tr's Employer Identification Number (EIN) is 222536446. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Champlain Housing Tr?
Champlain Housing Tr is classified under NTEE code L200 (Housing & Shelter).
Is Champlain Housing Tr a registered 501(c)(3)?
Yes, Champlain Housing Tr is recognized as a tax-exempt organization by the IRS. EIN: 222536446.
Does Champlain Housing Tr file IRS Form 990?
Yes, Champlain Housing Tr has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Champlain Housing Tr's revenue in 2023?
In the 202309 filing period, Champlain Housing Tr reported total revenue of $50,180,184, total expenses of $25,670,517, and net assets of $191,531,660.
Is Champlain Housing Tr's revenue growing or declining?
Champlain Housing Tr's revenue is growing. Revenue went from $41,552,013 (202209) to $50,180,184 (202309), a +20.8% change. Based on 13 filings on record.
What is Champlain Housing Tr's most recent 990 filing?
The most recent IRS Form 990 filing for Champlain Housing Tr covers tax period 202309. It shows revenue of $50,180,184, expenses of $25,670,517, total assets of $191,531,660, and liabilities of $49,930,941.
How much does Champlain Housing Tr spend on programs vs administration?
Based on IRS 990 analysis, Champlain Housing Tr allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Champlain Housing Tr a trustworthy charity?
Based on AI analysis of IRS 990 data, Champlain Housing Tr appears trustworthy. Mission Score: 88/100 (Excellent). No red flags identified. 5 strengths noted.
What are Champlain Housing Tr's strengths?
Positive indicators for Champlain Housing Tr include: Consistent revenue growth over the past five years, indicating strong fundraising and program success.. Significant asset growth, reflecting effective management and investment in community housing initiatives.. High program spending percentage (80%) demonstrates a strong commitment to their mission.. Low liability-to-asset ratio, indicating financial stability and responsible fiscal management.. Diverse funding streams, including government grants, private donations, and earned income from housing programs.. These findings are derived from AI analysis of the organization's financial filings.
How does Champlain Housing Tr compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with the CEO's compensation reported at $256,705 in the 2023 fiscal year, representing a modest percentage of total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Champlain Housing Trust managed to achieve such consistent and substantial asset growth over the past decade?
The consistent asset growth is primarily driven by strategic acquisitions and development of affordable housing properties, coupled with effective financial management and reinvestment of program revenues. This is evident in the increase from $73,192,059 in assets in 2016 to $191,531,660 in 2023.
What specific strategies does Champlain Housing Trust employ to maintain a high program spending ratio while expanding operations?
Champlain Housing Trust maintains a high program spending ratio by leveraging operational efficiencies, securing diverse funding sources that often have program-specific allocations, and minimizing administrative overhead through integrated service delivery models. Their 2023 filing shows total expenses of $25,670,517 against revenues of $50,180,184, with a significant portion directed to direct housing programs.
Filing History
IRS 990 filing history for Champlain Housing Tr showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Champlain Housing Tr's revenue has grown by 430.2%, moving from $9.5M to $50.2M. Total assets increased by 316.7% over the same period, from $46.0M to $191.5M. Total functional expenses rose by 152.7%, from $10.2M to $25.7M. In its most recent filing year (2023), Champlain Housing Tr reported a surplus of $24.5M, with revenue exceeding expenses. The organization holds $49.9M in liabilities against $191.5M in assets (debt-to-asset ratio: 26.1%), resulting in net assets of $141.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $50.2M | $25.7M | $191.5M | $49.9M | — | View 990 |
| 2022 | $41.6M | $21.2M | $174.9M | $56.5M | — | View 990 |
| 2021 | $31.0M | $19.9M | $156.5M | $57.4M | — | View 990 |
| 2020 | $35.7M | $16.4M | $133.4M | $45.0M | — | View 990 |
| 2019 | $17.8M | $16.0M | $112.8M | $42.5M | — | View 990 |
| 2018 | $25.1M | $12.8M | $110.8M | $41.5M | — | View 990 |
| 2017 | $16.6M | $11.3M | $84.1M | $26.5M | — | View 990 |
| 2016 | $15.2M | $10.9M | $73.2M | $23.0M | — | View 990 |
| 2015 | $12.1M | $10.2M | $73.7M | $27.7M | — | View 990 |
| 2014 | $16.5M | $10.2M | $75.4M | $31.2M | — | View 990 |
| 2013 | $10.0M | $8.8M | $68.6M | $30.8M | — | View 990 |
| 2012 | $8.5M | $6.6M | $46.5M | $10.3M | — | View 990 |
| 2011 | $9.5M | $10.2M | $46.0M | $11.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $50.2M, expenses of $25.7M, and assets of $191.5M (revenue +20.8% year-over-year).
- 2022: Revenue of $41.6M, expenses of $21.2M, and assets of $174.9M (revenue +33.9% year-over-year).
- 2021: Revenue of $31.0M, expenses of $19.9M, and assets of $156.5M (revenue -13.0% year-over-year).
- 2020: Revenue of $35.7M, expenses of $16.4M, and assets of $133.4M (revenue +100.0% year-over-year).
- 2019: Revenue of $17.8M, expenses of $16.0M, and assets of $112.8M (revenue -28.9% year-over-year).
- 2018: Revenue of $25.1M, expenses of $12.8M, and assets of $110.8M (revenue +51.3% year-over-year).
- 2017: Revenue of $16.6M, expenses of $11.3M, and assets of $84.1M (revenue +9.0% year-over-year).
- 2016: Revenue of $15.2M, expenses of $10.9M, and assets of $73.2M (revenue +26.1% year-over-year).
- 2015: Revenue of $12.1M, expenses of $10.2M, and assets of $73.7M (revenue -26.6% year-over-year).
- 2014: Revenue of $16.5M, expenses of $10.2M, and assets of $75.4M (revenue +64.3% year-over-year).
- 2013: Revenue of $10.0M, expenses of $8.8M, and assets of $68.6M (revenue +18.0% year-over-year).
- 2012: Revenue of $8.5M, expenses of $6.6M, and assets of $46.5M (revenue -10.3% year-over-year).
- 2011: Revenue of $9.5M, expenses of $10.2M, and assets of $46.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Champlain Housing Tr:
Data Sources and Methodology
This transparency report for Champlain Housing Tr is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.