VERMONT COMMUNITY LOAN FUND

Address
PO BOX 827
MONTPELIER, VT 05601
Contact
Website: http://www.vclf.org
Phone: +1 (802) 223-1448
Nonprofit
NTEE: L82 - Housing Expense Reduction Support
EIN: 22-2864900

Mission

TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.
 20172016201520142013
Basic features of the organization
Year of formation1987
Subsection code03
PF filing required0    
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$144,867.00$144,219.00$125,531.00$103,787.00$93,382.00
Sum of reportable (W2/1099) compensation$144,867.00$144,219.00$125,531.00$103,787.00$93,382.00
Number of employees1919181816
Number of people compensated >$100k1111 
Personnel
Barclay, Alec
TitleSECRETARYSECRETARYSECRETARYSECRETARY 
Name of key/compensated personALEC BARCLAYALEC BARCLAYALEC BARCLAYALEC BARCLAY 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Belongia, William
TitleEXECUTIVE DIEXECUTIVE DIEXECUTIVE DIEXECUTIVE DIEXECUTIVE DI
Name of key/compensated personWILLIAM BELONGIAWILLIAM BELONGIAWILLIAM BELONGIAWILLIAM BELONGIAWILLIAM BELONGIA
Position of compensated person
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$144,867.00$144,219.00$125,531.00$103,787.00$93,382.00
Other comp, non-reportable, from org and related orgs$9,890.00$9,536.00$9,560.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Brock, Nancy
Title PRESIDENTPRESIDENTPRESIDENTVICE PRESIDE
Name of key/compensated person NANCY ROWDEN BROCKNANCY ROWDEN BROCKNANCY ROWDEN BROCKNANCY ROWDEN BROCK
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer TrueTrueTrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Calderwood, Louise
TitlePRESIDENTVICE PRESIDEVICE PRESIDEVICE PRESIDESECRETARY
Name of key/compensated personLOUISE CALDERWOODLOUISE CALDERWOODLOUISE CALDERWOODLOUISE CALDERWOODLOUISE CALDERWOOD
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Chamberlain, Karin
TitleVICE PRESIDETREASURERTREASURERMEMBER 
Name of key/compensated personKARIN CHAMBERLAINKARIN CHAMBERLAINKARIN CHAMBERLAINKARIN CHAMBERLAIN 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrueTrue 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Dunkiel, Brian
Title  MEMBERMEMBERMEMBER
Name of key/compensated person  BRIAN DUNKIELBRIAN DUNKIELBRIAN DUNKIEL
Position of compensated person
Current individual trustee or director  True  
Current officer   TrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Glenshaw, Elizabeth
Title    PRESIDENT
Name of key/compensated person    ELIZABETH GLENSHAW
Position of compensated person
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Isabelle, Rick
Title    TREASURER
Name of key/compensated person    RICK ISABELLE
Position of compensated person
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Keiser, Kim
Title    MEMBER
Name of key/compensated person    KIM KEISER
Position of compensated person
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Maland, Jim
TitleMEMBERMEMBERMEMBER  
Name of key/compensated personJIM MALANDJIM MALANDJIM MALAND  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Marvin, Ira
TitleMEMBER    
Name of key/compensated personIRA MARVIN    
Position of compensated person
Current individual trustee or directorTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Ollie, Michelle
Title MEMBERMEMBERMEMBERMEMBER
Name of key/compensated person MICHELLE OLLIEMICHELLE OLLIEMICHELLE OLLIEMICHELLE OLLIE
Position of compensated person
Current individual trustee or director TrueTrue  
Current officer   TrueTrue
Average hours per week working for org 1.001.001.001.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00$0.00$0.00
Perchlik, Andrew
TitleMEMBERMEMBERMEMBERMEMBEREXECUTIVE DI
Name of key/compensated personANDREW PERCHLIKANDREW PERCHLIKANDREW PERCHLIKANDREW PERCHLIKANDREW PERCHLIK
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officer   TrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Silpe, Jennifer
Title  MEMBERTREASURERMEMBER
Name of key/compensated person  JENNIFER SILPEJENNIFER SILPEJENNIFER SILPE
Position of compensated person
Current individual trustee or director  True  
Current officer   TrueTrue
Average hours per week working for org  1.001.001.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $0.00$0.00$0.00
Spitler, Janet
TitleTREASURERMEMBERMEMBER  
Name of key/compensated personJANET SPITLERJANET SPITLERJANET SPITLER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrue    
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00  
Steel, Nicki
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personNICKI STEELNICKI STEELNICKI STEELNICKI STEEL 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officer   True 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Wernhoff, Stehpanie
Title    MEMBER
Name of key/compensated person    STEHPANIE WERNHOFF
Position of compensated person
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Wernhoff, Stephanie
TitleMEMBERMEMBERMEMBERMEMBER 
Name of key/compensated personSTEPHANIE WERNHOFFSTEPHANIE WERNHOFFSTEPHANIE WERNHOFFSTEPHANIE WERNHOFF 
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officer   True 
Average hours per week working for org1.001.001.001.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00 
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS.
Program service expenses, total$2,360,334.00$2,326,289.00$2,264,881.00$2,309,168.00$2,426,446.00
Programs, including revenue & expenses
ORGANIZED TO MAKE LOANS AND PROVIDE ASSISTANCE TO PROJECTS THAT PROVIDE LONG-TERM ACCESS TO AND CONTROL OVER HOUSING, ACCESS AND AVAILABILITY OF QUALITY EARLY CHILDHOOD EDUCATION AND CARE, ACCESS AND AVAILABILITY OF ESSENTIAL COMMUNITY SERVICES AND ECONOMIC OPPORTUNITIES INCLUDING EMPLOYMENT FOR LOW- AND MODERATE- INCOME AND OTHER DISADVANTAGED GROUPS WHO ARE DENIED SUCH ACCESS THROUGH CONVENTIONAL CHANNELS.
Program expenses  $2,264,881.00$2,309,168.00$2,426,446.00
Grants and allocations made  $110,120.00$185,195.00$287,713.00
Program revenue  $1,718,566.00$1,574,643.00$1,500,815.00
Program description  ORGANIZED TO MAKE LOANS AND PROVIDE ASSISTANCE TO PROJECTS THAT PROVIDE LONG-TERM ACCESS TO AND CONTROL OVER HOUSING, ACCESS AND AVAILABILITY OF QUALITY EARLY CHILDHOOD EDUCATION AND CARE, ACCESS AND AVAILABILITY OF ESSENTIAL COMMUNITY SERVICES AND ECONOMIC OPPORTUNITIES INCLUDING EMPLOYMENT FOR LOW- AND MODERATE- INCOME AND OTHER DISADVANTAGED GROUPS WHO ARE DENIED SUCH ACCESS THROUGH CONVENTIONAL CHANNELS.ORGANIZED TO MAKE LOANS AND PROVIDE ASSISTANCE TO PROJECTS THAT PROVIDE LONG-TERM ACCESS TO AND CONTROL OVER HOUSING, ACCESS AND AVAILABILITY OF QUALITY EARLY CHILDHOOD EDUCATION AND CARE, ACCESS AND AVAILABILITY OF ESSENTIAL COMMUNITY SERVICES AND ECONOMIC OPPORTUNITIES INCLUDING EMPLOYMENT FOR LOW- AND MODERATE- INCOME AND OTHER DISADVANTAGED GROUPS WHO ARE DENIED SUCH ACCESS THROUGH CONVENTIONAL CHANNELS.ORGANIZED TO MAKE LOANS AND PROVIDE ASSISTANCE TO PROJECTS THAT PROVIDE LONG-TERM ACCESS TO AND CONTROL OVER HOUSING, ACCESS AND AVAILABILITY OF QUALITY EARLY CHILDHOOD EDUCATION AND CARE, ACCESS AND AVAILABILITY OF ESSENTIAL COMMUNITY SERVICES AND ECONOMIC OPPORTUNITIES INCLUDING EMPLOYMENT FOR LOW- AND MODERATE- INCOME AND OTHER DISADVANTAGED GROUPS WHO ARE DENIED SUCH ACCESS THROUGH CONVENTIONAL CHANNELS.
THE ORGAINZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.
Program expenses$2,360,334.00$2,326,289.00   
Grants and allocations made$237,933.00$132,585.00   
Program revenue$1,766,110.00$1,718,843.00   
Program descriptionTHE ORGAINZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.THE ORGAINZATION IS A MISSION-DRIVEN, COMMUNITY-FOCUSED ALTERNATIVE LENDER. WE MAKE LOANS TO LOCAL BUSINESSES, COMMUNITY ORGANIZATIONS & NONPROFITS, CHILD CARE PROVIDERS AND DEVELOPERS OF AFFORDABLE HOUSING WHO DON'T QUALIFY FOR A LOAN FROM A TRADITIONAL LENDER. WE COMBINE OUR LOANS WITH FINANCIAL CONSULTING AND BUSINESS DEVELOPMENT SERVICES TO MAKE SURE OUR BORROWERS HAVE ACCESS TO ALL THE TOOLS THEY NEED TO SUCCEED.   
Financial data
Revenue
Total revenue$2,867,758.00$3,665,706.00$4,054,895.00$3,512,946.00$2,701,525.00
Revenue from contributions (total)$989,287.00$1,642,012.00$2,101,914.00$1,750,874.00$1,054,886.00
Investment income, current yr$54,527.00$46,891.00$45,747.00$52,098.00$64,193.00
Total revenue from grants, etc., current yr$989,287.00$1,642,012.00$2,101,914.00$1,750,874.00$1,054,886.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$57,834.00$257,960.00$188,668.00$135,331.00$81,631.00
Program service revenue (total)$1,766,110.00$1,718,843.00$1,718,566.00$1,574,643.00$1,500,815.00
Gross receipts$2,867,758.00$3,665,706.00$4,054,895.00$3,512,946.00$2,701,525.00
Sources of contributions
Revenue from gov't grants$457,749.00$1,072,113.00$1,703,565.00$1,427,124.00$767,045.00
Revenue from all other contributions$531,538.00$569,899.00$398,349.00$323,750.00$287,841.00
Other types of revenue
Miscellaneous revenue (total)$57,834.00$257,960.00$188,668.00$135,331.00$81,631.00
Income from dividends, interest, and similar investments$54,527.00$46,891.00$45,747.00$52,098.00$64,193.00
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$2,824,846.00$2,766,283.00$2,719,459.00$2,750,441.00$2,816,728.00
Total functional expenses: program service $2,360,334.00$2,326,289.00$2,264,881.00$2,309,168.00$2,426,446.00
Total functional expenses: management and general$381,619.00$357,247.00$369,831.00$358,891.00$318,883.00
Total functional expenses: fundraising$82,893.00$82,747.00$84,747.00$82,382.00$71,399.00
Fees for services
Legal fees (total)$24,655.00$5,390.00$2,157.00$3,673.00$2,411.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$39,249,533.00$38,085,836.00$35,748,281.00$33,258,079.00$30,740,877.00
Total assets, beginning of year$38,085,836.00$35,748,281.00$33,258,079.00$30,740,877.00$29,284,339.00
Total liabilities$28,508,293.00$27,387,508.00$25,949,376.00$24,794,610.00$23,039,913.00
Total liabilities, beginning of year$27,387,508.00$25,949,376.00$24,794,610.00$23,039,913.00$21,468,172.00
Unrestricted net assets, end of yr$8,372,597.00$8,182,167.00$7,422,598.00$6,390,644.00$6,593,738.00
Temporarily restricted net assets$846,489.00$999,917.00$859,133.00$555,974.00$515,342.00
Permanently restricted net assets, end of yr$1,522,154.00$1,516,244.00$1,517,174.00$1,516,851.00$591,884.00
Net assets$10,741,240.00$10,698,328.00$9,798,905.00$8,463,469.00$7,700,964.00
Net assets, beginning of year$10,698,328.00$9,798,905.00$8,463,469.00$7,700,964.00$7,816,167.00
Intangible assets$125,751.00$128,534.00$134,717.00$129,319.00$129,226.00
Investments: publicly traded securities $2,490,777.00$2,457,187.00$2,048,789.00$2,008,597.00
Cash: non-interest bearing$189,810.00$189,912.00$119,957.00$32,156.00$94,114.00
Cash: non-interest bearing, beginning of year$189,912.00$119,957.00$32,156.00$94,114.00$20,202.00
Investments -- program-related$1,477,663.00    
Other financial variables
Revenue less expenses$42,912.00$899,423.00$1,335,436.00$762,505.00-$115,203.00
Advertising (total)$37,247.00$51,884.00$46,829.00$26,442.00$19,530.00
Savings & temp cash investment$8,866,096.00$8,226,469.00$5,578,292.00$7,127,630.00$5,315,700.00
Prepaid expenses & deferred charges$24,377.00$20,918.00$10,793.00$53,430.00$8,034.00
Accounts payable & accrued expenses$252,285.00$267,823.00$253,158.00$290,297.00$274,192.00
Deferred revenue$94,390.00$99,978.00 $55,000.00$40,155.00
Unsecured notes & loans to unrelated parties$22,375,798.00$21,205,207.00   
Secured mortgages and notes payable$5,785,820.00$5,814,500.00$25,696,218.00$24,449,313.00$22,725,566.00
Total net assets or fund balances$10,741,240.00$10,698,328.00$9,798,905.00$8,463,469.00$7,700,964.00
Depreciation, depletion, amortization$14,257.00$4,157.00$2,143.00$7,121.00$8,519.00
Governance and accountability
Number of voting members1010121010
Number of independent voting members1010121010
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Indicators for schedules (selected)
LobbiedTrueTrueTrueTrueTrue
Grants to domestic org/gov't >$5kTrueTrueTrueTrueTrue
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-09-062017-10-032016-09-152015-08-032014-10-10
IRS schema version2017v2.32016v3.02015v2.12014v5.02013v3.1
Filing identifier201841149349300434201741299349302809201631319349302933201521349349305672201421359349301422
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