Charity Search / VERMONT HOUSING FINANCE AGENCY
Housing & Shelter (L122) 990 on File

VERMONT HOUSING FINANCE AGENCY

EIN: 03-0239902 · BURLINGTON, VT 05401-4634 · United States · FY 2025 Data
3 out of 5 49 / 100 Based on 2+ years of filings
Financial strength (30%) 55/100
Reliability (20%) 55/100
Effectiveness (25%) 88/100
Impact (25%) No data yet
Financial data: FY 2025 · Scored 9/13/2026
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Financial Overview — FY 2025
$40.4M
Total Revenue
$33.8M
Total Expenses
$123.6M
Net Assets
58
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 98.1%
Fundraising Efficiency N/A
Operating Reserve 43.93x
Liability-to-Asset 82.5%
Revenue Diversification 88.0%
Executive Compensation $461K
Compared with Peers
FY 2025
Compared with 177 similar organizations (United States, Housing & Shelter, $10M–$100M in expenses), FY 2025.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
98.1% 87.8%
P10P90
Top quarter
Admin expense ratio
Management and general / total expenses · lower is better
1.9% 8.7%
P10P90
Top quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.0%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
43.9 mo 9.4 mo
P10P90
Top quarter
Liabilities to assets
Total liabilities / total assets · lower is better
82.5% 46.6%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
88.0% 89.5%
P10P90
Above median
Surplus margin
Surplus as a share of revenue
16.4% 2.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2025 $40.4M $33.8M $123.6M 98.1% 58
2023 $55.9M $48.4M $104.5M 98.7% 46
2022 $39.3M $33.5M $104.1M 98.3% 47
2021 $30.6M $26.2M N/A 42
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Organization Details
EIN
03-0239902
State
VT
City
BURLINGTON
ZIP
05401-4634
Classification
L122
Category
Housing & Shelter
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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