2023-10-24T08:17:33-04:00 2022-12-31 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DRIVE SUITE 403 COLCHESTER VT 05446 990 2022-01-01 030301526 RUTLAND WEST NEIGHBORHOOD HOUSING SERVICES INC RUTL 8024382303 110 MARBLE STREET WEST RUTLAND VT 05777 HEATHER STARZYNSKI EXECUTIVE DIRECTOR 8024382303 2023-10-23 true HEATHER STARZYNSKI 999009999 false RANDALL L SARGENT CPA P00136499 8026555665 2023-10-24 2022 2023-04-26 12:10:37Z NEIGHBORWORKS OF WESTERN VERMONT HEATHER STARZYNSKI 110 MARBLE STREET WEST RUTLAND VT 05777 2865672 false X WWW.NWWVT.ORG X 1985 VT TO STRENGTHEN THE DEVELOPMENT OF A REGIONAL ECONOMY BY PROMOTING SAFE, EFFICIENT AND STABLE HOUSING AND COMMUNITY PROJECTS THROUGH EDUCATION, TECHNICAL ASSISTANCE, AND FINANCIAL SERVICES. 6 6 22 8 0 3149719 2034718 769556 745562 -22 -151 112872 48392 4032125 2828521 497203 591882 0 1547025 1327102 0 0 1226979 916579 3271207 2835563 760918 -7042 16862334 17334099 5618894 6091679 11243440 11242420 X TO STRENGTHEN THE DEVELOPMENT OF A REGIONAL ECONOMY BY PROMOTING SAFE, EFFICIENT AND STABLE HOUSING AND COMMUNITY PROJECTS THROUGH EDUCATION, TECHNICAL ASSISTANCE, AND FINANCIAL SERVICES. false false 1450421 591882 HOME REPAIR PROGRAM: THE HOME REPAIR PROGRAM CONSISTS OF NEIGHBORWORKS OF WESTERN VERMONT PROJECT COORDINATORS THAT OVERSEE A REPAIR PROJECT FOR LOW-TO-MODERATE INCOME HOMEOWNERS IN ADDISON, RUTLAND, AND BENNINGTON COUNTIES THAT ARE RECEIVING A LOAN AND/OR GRANT FROM NEIGHBORWORKS OF WESTERN VERMONT (NWWVT). TYPICAL HOME REPAIR PROJECTS INCLUDE NEW WELLS, SEPTIC SYSTEMS, HEATING SYSTEMS, ROOF REPLACEMENT, STRUCTURAL WORK, PLUMBING, ELECTRICAL, AND WEATHERIZATION. AS THE LOAN AND/OR GRANT PROCESS PROCEEDS, PROJECT COORDINATORS ARE COMPLETING A HEALTH AND SAFETY EVALUATION OF THE HOME, WORKING WITH THE HOMEOWNER TO CREATE A SCOPE OF WORK, HELPING WITH CONTRACTORS, AND OBTAINING ESTIMATES FOR THE PROJECT. ONCE THE LOAN AND/OR GRANT IS APPROVED, THE PROJECT COORDINATION CONTINUES WITH PROJECT OVERSIGHT AND ESCROW PAYMENTS TO CONTRACTORS, HELPING AT EVERY STEP UNTIL THE PROJECT IS COMPLETE, HOMEOWNER IS SATISFIED, AND THE HOME IS REPAIRED AND SAFE. 797585 745562 HOMEOWNERSHIP PROGRAM: THE HOMEOWNERSHIP PROGRAM CONSISTS OF BOTH EDUCATION AND COUNSELING FOR SUSTAINABLE HOMEOWNERSHIP. ONE-ON-ONE COUNSELING FOR PRE-PURCHASE COUNSELING, FINANCIAL COACHING AND LIMITED FORECLOSURE COUNSELING IS OFFERED IN-PERSON, VIRTUALLY, OR BY PHONE. PRE-PURCHASE EDUCATION IS OFFERED IN-PERSON, ONLINE AND VIRTUALLY. FORECLOSURE EDUCATION AND FINANCIAL CAPABILITY CLASSES ARE OFFERED ONLINE ONLY. THERE ARE APPROXIMATELY 150 PARTICIPANTS EACH YEAR ATTENDING HOMEOWNERSHIP AND FINANCIAL LITERACY EDUCATION CLASSES AND APPROXIMATELY 250 THAT TAKE ADVANTAGE OF SOME COUNSELING SERVICES OFFERED. 7001 LENDING PROGRAM: NWWVT IS DESIGNATED AS A FULL CYCLE LENDER BY NEIGHBORWORKS AMERICA. WE HAVE A FULL TIME LICENSED LENDER ON STAFF WITH A FULL TIME PROCESSOR, FULL TIME UNDERWRITER AND SERVICER. LOAN TYPES INCLUDE PURCHASE/HOME REPAIR LOAN, DOWN PAYMENT ASSISTANCE LOAN, ENERGY LOANS, AND HOME REPAIR LOANS FOR HEALTH AND SAFETY. ON AVERAGE, 125 LOANS ARE PROCESSED EACH YEAR. HEAT SQUAD PROGRAM: THE HEAT SQUAD ENERGY EFFICIENCY PROGRAM CAN BE DESCRIBED AS A CONCIERGE OF SERVICES TO ASSIST HOMEOWNERS OF ALL INCOMES THROUGH THE ENERGY EFFICIENCY UPGRADE PROCESS, SERVING ADDISON, RUTLAND, BENNINGTON, WINDHAM, WINDSOR, ORLEANS, ESSEX, CALEDONIA COUNTIES. SERVICES INCLUDE SCHEDULING A LOW-COST ENERGY AUDIT WITH A HEAT SQUAD CERTIFIED ENERGY AUDITOR, REVIEWING THE REPORT AND HELPING TO PRIORITIZE THE WORK, REFERRALS TO TRUSTED LOCAL CONTRACTORS, PROJECT COORDINATION, QUALITY REVIEW OF THE WORK, FINANCING OPTIONS SUCH AS OUR IN-HOUSE STATEWIDE ENERGY LOAN, AND APPLYING ON BEHALF OF THE HOMEOWNERS FOR REBATES. HEAT SQUAD IS A ONE-STOP-SHOP FOR ENERGY EFFICIENCY, HELPING TO MAKE HOMES HEALTHY, SAFE, AFFORDABLE, AND EFFICIENT. RENTAL REPAIR PROGRAM: THE INTENT OF THE RENTAL REPAIR PROGRAM IS TO ADDRESS THE HEALTH, SAFETY AND REPAIRS OF VACANT AND BLIGHTED RENTAL UNITS OR OCCUPIED RENTAL UNITS WITH CODE ISSUES. NWWVT PROVIDED GRANTS UP TO 30,000 PER UNIT, ALONG WITH A 10% MATCH REQUIRED BY THE LANDLORD. THE TYPICAL RENTAL REPAIR PROJECT CONSISTED OF ROOFING REPAIRS, HEATING SYSTEM REPLACEMENT, WEATHERIZATION, ELECTRICAL AND PLUMBING UPGRADES, NEW WINDOWS, REMODELED KITCHENS AND BATHROOMS, SIDING AND TRIM WORK WITH SOME PROJECTS BEING A FULL GUT-REHAB. IN PARTNERSHIP WITH THE LOCAL CONTINUUM OF CARE GROUPS, IMPROVEMENTS THESE UNITS WERE BROUGHT UP TO CODE AND WILL PROVIDE SAFE ACCOMMODATIONS TO RE-HOUSE THE HOMELESS. THE UNITS ARE TO BE RENTED AT OR BELOW HUD FAIR MARKET RENT FOR THE LOCAL AREA FOR FIVE YEARS. 2255007 true true false false false false false false true false true false false false true true true true false false false false false false false false false false true false false false false false false false false false false false false false true true false false false true 58 0 true 22 true false false false false false false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true false false X X INGRID WISELL 8024382303 110 MARBLE AVENUE WEST RUTLAND VT 05777 HEATHER STARZYNSKI EXECUTIVE DI 40.00 X 112500 0 16835 JENNIFER YAKUNOVICH PRESIDENT 2.00 X X 0 0 0 KAREN BARTLETT VICE PRESIDE 2.00 X X 0 0 0 KERI FRANZONI TREASURER 2.00 X X 0 0 0 GABREILLE GLADDING SECRETARY 2.00 X X 0 0 0 PEG FLORY DIRECTOR 2.00 X 0 0 0 MELINDA HUMPHREY DIRECTOR 2.00 X 0 0 0 112500 16835 1 false false false INSERO & CO CPAS LLC 2 STATE STREET ROCHESTER NY 14614 OUTSOURCED CFO 117080 1 1785801 248917 2034718 INTEREST INCOME 531390 583670 583670 PROGRAM & REVOLVING LOAN FEES 531390 161892 161892 745562 47295 47295 47295 47295 37000 37151 -151 -151 -151 MISCELLANEOUS 531390 1097 1097 1097 2828521 746508 47295 591882 591882 141836 14184 127652 645270 618718 26552 39002 36464 2538 422011 353501 68510 78983 64735 14248 29185 29185 20920 20920 227674 90095 137579 3960 2424 1536 119568 68924 50644 68029 56573 11456 19415 16795 2620 16009 10948 5061 205145 205145 21604 13096 8508 32924 11538 21386 PROGRAM EXPENSE 250785 210656 40129 MISCELLANEOUS 25276 13244 12032 BAD DEBT RECOVERY -123915 -123915 2835563 2255007 580556 0 364786 1308117 2546421 2182550 719068 667414 40537 48654 12244342 11792628 54159 194690 1156526 464363 713767 692163 179254 447883 16862334 17334099 161828 132219 26270 264708 96760 248722 5334036 5316736 129294 5618894 6091679 X 10056547 10482041 1186893 760379 11243440 11242420 16862334 17334099 -7042 6022 X false true X true true true X 2182706 1158418 2906640 3149719 2034718 11432201 2182706 1158418 2906640 3149719 2034718 11432201 11432201 37785 36060 37785 52704 47295 211629 11643830 4643700 0.98180 0.96450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 476716 476716 321440 136622 184818 45882 29564 16318 312488 298177 14311 692163 LEASE LIABILITY 129294 129294 X 2828521 2828521 2828521 2835563 2835563 2835563 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE ORGANIZATION RECEIVES GRANTS FROM VARIOUS SOURCES TO DISBURSE AS REHABILITATION LOANS TO QUALIFYING CLIENTS IN THE AREA IT SERVES. SCHEDULE D, PAGE 3, PART X NWWVT BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE AUDITED FINANCIAL STATEMENTS. true RENTAL REHAB 21 591882 SCHEDULE I, PAGE 1, PART I, LINE 2 CLIENTS ARE INCOME QUALIFIED AND AREA MEDIAN INCOME AND ADDRESS LOCATIONS ARE PROVIDED TO FUNDERS IN A REPORT TO VERIFY ELIGIBILITY. FORM 990, PAGE 1, ITEM C NEIGHBORWORKS OF WESTERN VERMONT FORM 990, PAGE 1, PART I, LINE 6 VOLUNTEERS CONSIST OF: BOARD MEMBER VOLUNTEERS WHO SERVE AS TRUSTED ADVISORS TO THE EXECUTIVE DIRECTOR IN DEVELOPING AND IMPLEMENTING THE ORGANIZATION'S STRATEGIC PLAN. BOARD MEMBERS APPROVE THE ANNUAL BUDGET, AUDIT REPORTS, AND MAKE MATERIAL BUSINESS DECISIONS. LOAN COMMITTEE MEMBERS WHO EVALUATE APPLICATIONS FOR APPROVAL. THE COMMITTEE EXAMINES LOAN DOCUMENTATION TO ASSURE THAT APPLICANTS CONSISTENTLY MEET THE ORGANIZATIONS POLICIES AND REGULATORY GUIDELINES. OTHER VOLUNTEERS, WHO PERFORM VARIOUS ORGANIZATIONAL RELATED DUTIES AND TASKS. FORM 990, PAGE 2, PART III, LINE 4A HOME REPAIR PROGRAM: THE HOME REPAIR PROGRAM CONSISTS OF NEIGHBORWORKS OF WESTERN VERMONT PROJECT COORDINATORS THAT OVERSEE A REPAIR PROJECT FOR LOW-TO-MODERATE INCOME HOMEOWNERS IN ADDISON, RUTLAND, AND BENNINGTON COUNTIES THAT ARE RECEIVING A LOAN AND/OR GRANT FROM NEIGHBORWORKS OF WESTERN VERMONT (NWWVT). TYPICAL HOME REPAIR PROJECTS INCLUDE NEW WELLS, SEPTIC SYSTEMS, HEATING SYSTEMS, ROOF REPLACEMENT, STRUCTURAL WORK, PLUMBING, ELECTRICAL, AND WEATHERIZATION. AS THE LOAN AND/OR GRANT PROCESS PROCEEDS, PROJECT COORDINATORS ARE COMPLETING A HEALTH AND SAFETY EVALUATION OF THE HOME, WORKING WITH THE HOMEOWNER TO CREATE A SCOPE OF WORK, HELPING WITH CONTRACTORS, AND OBTAINING ESTIMATES FOR THE PROJECT. ONCE THE LOAN AND/OR GRANT IS APPROVED, THE PROJECT COORDINATION CONTINUES WITH PROJECT OVERSIGHT AND ESCROW PAYMENTS TO CONTRACTORS, HELPING AT EVERY STEP UNTIL THE PROJECT IS COMPLETE, HOMEOWNER IS SATISFIED, AND THE HOME IS REPAIRED AND SAFE. FORM 990, PAGE 2, PART III, LINE 4C LENDING PROGRAM: NWWVT IS DESIGNATED AS A FULL CYCLE LENDER BY NEIGHBORWORKS AMERICA. WE HAVE A FULL TIME LICENSED LENDER ON STAFF WITH A FULL TIME PROCESSOR, FULL TIME UNDERWRITER AND SERVICER. LOAN TYPES INCLUDE PURCHASE/HOME REPAIR LOAN, DOWN PAYMENT ASSISTANCE LOAN, ENERGY LOANS, AND HOME REPAIR LOANS FOR HEALTH AND SAFETY. ON AVERAGE, 125 LOANS ARE PROCESSED EACH YEAR. HEAT SQUAD PROGRAM: THE HEAT SQUAD ENERGY EFFICIENCY PROGRAM CAN BE DESCRIBED AS A CONCIERGE OF SERVICES TO ASSIST HOMEOWNERS OF ALL INCOMES THROUGH THE ENERGY EFFICIENCY UPGRADE PROCESS, SERVING ADDISON, RUTLAND, BENNINGTON, WINDHAM, WINDSOR, ORLEANS, ESSEX, CALEDONIA COUNTIES. SERVICES INCLUDE SCHEDULING A LOW-COST ENERGY AUDIT WITH A HEAT SQUAD CERTIFIED ENERGY AUDITOR, REVIEWING THE REPORT AND HELPING TO PRIORITIZE THE WORK, REFERRALS TO TRUSTED LOCAL CONTRACTORS, PROJECT COORDINATION, QUALITY REVIEW OF THE WORK, FINANCING OPTIONS SUCH AS OUR IN-HOUSE STATEWIDE ENERGY LOAN, AND APPLYING ON BEHALF OF THE HOMEOWNERS FOR REBATES. HEAT SQUAD IS A ONE-STOP-SHOP FOR ENERGY EFFICIENCY, HELPING TO MAKE HOMES HEALTHY, SAFE, AFFORDABLE, AND EFFICIENT. RENTAL REPAIR PROGRAM: THE INTENT OF THE RENTAL REPAIR PROGRAM IS TO ADDRESS THE HEALTH, SAFETY AND REPAIRS OF VACANT AND BLIGHTED RENTAL UNITS OR OCCUPIED RENTAL UNITS WITH CODE ISSUES. NWWVT PROVIDED GRANTS UP TO 30,000 PER UNIT, ALONG WITH A 10% MATCH REQUIRED BY THE LANDLORD. THE TYPICAL RENTAL REPAIR PROJECT CONSISTED OF ROOFING REPAIRS, HEATING SYSTEM REPLACEMENT, WEATHERIZATION, ELECTRICAL AND PLUMBING UPGRADES, NEW WINDOWS, REMODELED KITCHENS AND BATHROOMS, SIDING AND TRIM WORK WITH SOME PROJECTS BEING A FULL GUT-REHAB. IN PARTNERSHIP WITH THE LOCAL CONTINUUM OF CARE GROUPS, IMPROVEMENTS THESE UNITS WERE BROUGHT UP TO CODE AND WILL PROVIDE SAFE ACCOMMODATIONS TO RE-HOUSE THE HOMELESS. THE UNITS ARE TO BE RENTED AT OR BELOW HUD FAIR MARKET RENT FOR THE LOCAL AREA FOR FIVE YEARS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS EMAILED TO ALL BOARD MEMBERS. BOARD MEMBERS ARE PROVIDED AN OPPORTUNITY TO ASK QUESTIONS, AND THEN MUST ATTEST IN WRITING THAT THEY READ IT AND APPROVE IT. FORM 990, PAGE 6, PART VI, LINE 12C WHILE ANY STAFF OR BOARD MEMBER'S FAMILY OR ACQUAINTANCE WHO IS ELIGIBLE FOR OUR SERVICES IS ENTITLED TO THE SAME CONSIDERATION AS ANY OTHER MEMBER OF OUR COMMUNITY, WE ARE VERY CAREFUL TO PUT CONTROLS ON WHO MANAGES THE CASE TO AVOID ANY CONFLICT OF INTEREST. IT IS RARE THAT A FAMILY MEMBER ASKS FOR SERVICES, BUT IN ALL CASES WE ISOLATE ANY RELATIONS FROM ANY DECISION MAKING ROLE IN THE CASE. A STAFF MEMBER'S REQUEST MUST NOT ONLY GO THROUGH STANDARD APPROVAL PROTOCOLS, BUT MUST ALSO RECEIVE APPROVAL FROM THE EXECUTIVE DIRECTOR AND FROM THE PRESIDENT OF THE BOARD TO ASSURE THAT ALL MATTERS OF PRIVACY AND CONFLICT OF INTEREST HAVE BEEN ADHERED TO. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD PRESIDENT APPOINTS A SMALL COMMITTEE OF THREE OR FOUR TO REVIEW THE EXECUTIVE DIRECTOR AND MAKE RECOMMENDATIONS TO THE FULL BOARD WITH AN ASSESSMENT OF PERFORMANCE AND ANNUAL COMPENSATION ADJUSTMENTS. THE EXECUTIVE DIRECTOR PREPARES A SELF-EVALUATION FOR THE COMMITTEE; THE COMMITTEE REVIEWS AND WRITES THEIR OWN ASSESSMENT AND THE TWO TOGETHER AGREE ON GOALS FOR THE NEXT YEAR. THE WORK OF THE COMMITTEE GOES TO THE FULL BOARD FOR REVIEW AND APPROVAL BEFORE THE END OF THE CALENDAR YEAR. FORM 990, PAGE 6, PART VI, LINE 19 ALL POLICIES INCLUDING GOVERNANCE DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST STATEMENTS ARE KEPT IN PRINT FORM IN BOOKS AVAILABLE TO ANYONE WHO WANTS TO REVIEW THEM. WE UNDERGO THOROUGH EXAMINATION EVERY YEAR BY AT LEAST FOUR MAJOR FUNDERS AND THREE LENDERS WHO MONITOR OUR TIMELINESS AND APPROPRIATENESS IN MAINTAINING THE FOUNDATIONS OF GOOD FISCAL AND OPERATIONS MANAGEMENT AND GOVERNANCE. OCTOBER HILL LLC 110 MARBLE STREET WEST RUTLAND VT 05777 262905160 REAL ESTAT VT 546 RWNHS MARBLE STREET LLC 110 MARBLE STREET WEST RUTLAND VT 05777 270679126 REAL ESTAT VT 46995 189382 RWNHS LABORWORKS AT NEIGHBORWORKS LLC 110 MARBLE STREET WEST RUTLAND VT 05777 454154351 LABOR VT 150 RWNHS VT ENERGY EFFICIENCY LOAN FUND LLC 110 MARBLE STREET WEST RUTLAND VT 05777 472167020 LOANS VT 5475001 RWNHS RUTLAND WEST HOUSING LP 110 MARBLE STREET WEST RUTLAND VT 05777 161675762 REAL ESTAT VT N/A false false KAZON BUILDING INC 110 MARBLE STREET WEST RUTLAND VT 05777 030522901 RENTAL VT NWWVT C CORP 70560 1.00000 false false false false false false false false false false false true false false false false false false false false RUTLAND WEST HOUSING LP K 28355 LEASE AGREEMENT