2024-11-14T13:38:18-05:00 2023-12-31 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DR STE 403 COLCHESTER VT 05446 990 2023-01-01 222843473 DOWNSTREET HOUSING AND COMMUNITY DEVELOPMENT INC DOWN 8024764493 22 KEITH AVENUE SUITE 100 BARRE VT 056413709 ANGIE HARBIN EXECUTIVE DIRECTOR 8024764493 2024-11-14 true false RANDALL L SARGENT CPA P00136499 8026555665 2024-11-14 2023 2024-10-15 13:58:12Z ANGIE HARBIN 22 KEITH AVENUE SUITE 100 BARRE VT 056413709 7367294 false X WWW.DOWNSTREET.ORG X 1987 VT 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. 14 14 37 14 -4563 3658720 4159739 2255193 2487743 40229 -463186 215847 481634 6169989 6665930 416808 946021 0 2218590 2413122 0 73699 1995690 2092207 4631088 5451350 1538901 1214580 17964468 18731814 4202956 3755722 13761512 14976092 X 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. false false 2045941 1304739 PROPERTY MANAGEMENT - ACCOUNTS FOR THE SERVICES PROVIDED TO OTHER PROPERTIES IN WHICH DOWNSTREET IS AN INVESTOR. 1043253 788115 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. 1368352 946021 39325 HOMEOWNERSHIP - ACCOUNTS FOR THE ACTIVITIES OF DOWNSTREET'S HOMEOWNERSHIP CENTER. 292076 355564 PROJECT DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF DOWNSTREET FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING. 292076 355564 4749622 true true false false false false false false true false true false false true true true false true false false false false false false false false false false true false false false false false false false false false true false false false true true true true false false true 31 0 37 true true true false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true false true true true false false X X X SCHUYLER ANDERSON 8024764493 22 KEITH AVENUE BARRE VT 05641 ANGIE HARBIN EXECUTIVE DI 40.00 X 132727 0 6042 SCHUYLER ANDERSON CFO 40.00 X 118950 0 14134 KEVIN ELLIS PRESIDENT 2.00 X X 0 0 0 LORI BELDING VICE PRESIDE 2.00 X X 0 0 0 DAPHNE MAKINSON TREASURER 2.00 X X 0 0 0 PEGEEN MULHERN SECRETARY 2.00 X X 0 0 0 EMMANUEL RIBY WILLIAMS DIRECTOR 2.00 X 0 0 0 JIM ALVAREZ DIRECTOR 2.00 X 0 0 0 POLLY NICHOL DIRECTOR 2.00 X 0 0 0 RUBIN BENNETT DIRECTOR 2.00 X 0 0 0 SAMANTHA ABARE DIRECTOR 2.00 X 0 0 0 SARAH COPELAND HANZAS DIRECTOR 2.00 X 0 0 0 PATRICIA GILBERT DIRECTOR 2.00 X 0 0 0 TERRI JORDAN DIRECTOR 2.00 X 0 0 0 DEBBIE HILL DIRECTOR 2.00 X 0 0 0 CHELSEA BOSTON DIRECTOR 2.00 X 0 0 0 CELINE DAVIS LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 DANIEL BARLOW LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 JEANNE RICHARDSON LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 LARA LONON LEFT IN 2023 DIRECTOR 2.00 X 0 0 0 251677 20176 2 false false false NAYLOR & BREEN BUILDERS INC 191 ALTA WOODS PVT BRANDON VT 05733 CONSTRUCTION 282822 EF WALL & ASSOCIATES INC 131 S MAIN STREET BARRE VT 05641 CONSTRUCTION 169429 TRYM CHOUINARD LLC 489 CAMP STREET BARRE VT 05641 CONSTRUCTION 150438 3 3066811 1092928 53568 4159739 RENTAL INCOME 531110 788115 788115 MAINTENANCE INCOME 531390 715197 715197 MANAGEMENT FEES 531310 589542 589542 DEVELOPMENT FEES 531310 355564 355564 LEASE FEE INCOME 531390 39325 39325 2487743 44660 44660 37013 41576 -4563 -4563 -4563 151942 659788 -507846 -507846 -507846 MISCELLANEOUS INCOME 531390 486197 486197 486197 6665930 2466094 -4563 44660 946021 946021 138769 120729 10408 7632 1731194 1412830 288485 29879 46790 38643 7529 618 333587 277190 50397 6000 162782 135356 24242 3184 104243 104243 16723 14762 1961 35123 35123 37867 14807 14810 8250 15106 8920 2469 3717 115213 92290 18248 4675 208875 207034 1624 217 40494 34024 5985 485 23963 21270 2299 394 75035 30714 44321 353002 316742 34372 1888 95775 70185 23855 1735 SASH & OTHER PROGRAM 508498 495396 13075 27 PROPERTY EXPENSE 368012 356223 11262 527 MISCELLANEOUS 92158 50123 39525 2510 BAD DEBT 2120 2120 5451350 4749622 628029 73699 1047853 670824 2016562 3080610 204931 541091 257282 332398 4253543 4345701 35897 63603 12184855 3571183 8976110 8613672 60035 60175 1112255 1023740 17964468 18731814 408436 228331 16624 216839 41792 51236 2917104 2445937 819000 813379 4202956 3755722 X 9692836 11109597 4068676 3866495 13761512 14976092 17964468 18731814 X 1214580 X false true X true true true X 1966978 2280897 2772148 3658720 4159739 14838482 1966978 2280897 2772148 3658720 4159739 14838482 14838482 15087 14352 11687 9206 44660 94992 14933474 13623125 0.99360 0.99460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 1666026 1666026 9866005 3194504 6671501 182426 50631 131795 345434 326048 19386 124964 124964 8613672 RIGHT-OF-USE ASSET 730857 INVESTED IN OTHER PROPERTIES 269722 DEVELOPMENT FEES RECEIVABLE 23161 1023740 FINANCING LIABILITY 813379 813379 X 6707507 41577 41577 6665930 6665930 5492927 41577 41577 5451350 5451350 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D RENTAL PROPERTY EXPENSES 41,577 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL PROPERTY EXPENSES 41,577 false AHS 22 10529 VHIP 93 728867 HOMELAND GRANTS 4 206625 SCHEDULE I, PAGE 1, PART I, LINE 2 DOWNSTREET ENSURES LANDLORDS HAVE SATISFIED THE GRANT REQUIREMENTS, INCLUDING EXECUTING AN AFFORDABLE HOUSING CONVENANT AND PROVIDING A 20% MATCH. DOWNSTREET REVIEWS PROGRESS OF PROJECTS AGAINST SCOPE OF WORK WITH REGULAR INSPECTIONS WHICH ARE DOCUMENTED WITH DETAILED INSPECTION REPORTS SIGNED BY THE CONTRACTED INSPECTOR AND LANDLORD. HOMEOWNERSHIP STAFF REVIEW LANDLORD DOCUMENTATION PRIOR TO REQUESTING ANY SUB-GRANT DISBURSEMENT FROM ACCOUNTING. THE CFO REVIEWS ALL SUBRECIPIENT DOCUMENTATION AGAIN PRIOR TO APPROVING DISBURSEMENT. FOR AGENCY OF HUMAN SERVICES, DOWNSTREET MANAGES THE FUNDS, BUT NOT THE PROGRAM ITSELF. THE PROGRAM IS MANAGED BY AN EXTERNAL PARTNER WHO DIRECTS DOWNSTREET TO MAKE GRANT DISBURSEMENTS. X 1 53568 FAIR MARKET VALUE false true false FORM 990, PAGE 2, PART III, LINE 4D PROJECT DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF DOWNSTREET FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 DRAFT IS REVIEWED BY MANAGEMENT THEN PROVIDED TO THE FIDUCIARY COMMITTEE FOR REVIEW, THEN TO THE FULL BOARD FOR A VOTE OF APPROVAL. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE EXECUTIVE DIRECTOR'S PERFORMANCE AND APPROVES ANNUAL COMPENSATION. THE BOARD CHAIR PROVIDES THE CFO WITH APPROVAL OF THE EXECUTIVE DIRECTOR'S SALARY. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL PROPERTY EXPENSES 41,577 RENTAL PROPERTY EXPENSES -41,577 MRM HOLDINGS LLC 22 KEITH AVENUE SUITE 100 BARRE VT 05641 843909259 HOUSING VT 345304 197007 DOWNSTREET BARRE STREET APARTMENTS LP 22 KEITH AVE SUITE 100 BARRE VT 05641 320456425 HOUSING VT N/A EXCLUDED -8 -68 false true 0.00010 BIANCHI-HEBERT LP 107 NORTH MAIN ST ROOM 6 BARRE VT 05641 260662626 HOUSING VT NA EXCLUDED -10 -139 false true 0.00010 CHASE BLOCK LP 22 KEITH AVE SUITE 100 WATERBURY CENTER VT 05676 843424659 HOUSING VT NA EXCLUDED -6 -13 false true 0.00010 COLONIAL VILLAGE APARTMENTS LP 22 KEITH AVE SUITE 100 BARRE VT 05641 814372106 HOUSING VT N/A EXCLUDED -11 -52 false true 0.00010 FRENCH BLOCK LP 100 BANK STREET SUITE 400 BURLINGTON VT 05401 300964734 HOUSING VT N/A EXCLUDED -8 -31 false true 0.00010 GREEN MOUNTAIN SEMINARY HLP 22 KEITH AVE SUITE 100 WATERBURY CENTER VT 05677 030364342 HOUSING VT N/A EXCLUDED -65 7525 false true 0.99100 LADD HALL LP 100 BANK STREET SUITE 400 BURLINGTON VT 05401 471002283 HOUSING VT N/A EXCLUDED -9 -55 false true 0.00010 RIVER STATION HLP 100 BANK STREET SUITE 400 BURLINGTON VT 05401 202355479 HOUSING VT N/A EXCLUDED -10 -120 false true 0.00010 NORTH BRANCH APARTMENTS LP 123 ST PAUL STREET BURLINGTON VT 05401 264008514 HOUSING VT N/A EXCLUDED -190 false true 0.00010 SUMMER STREET HLP 100 BANK STREET SUITE 400 BURLINGTON VT 05401 473422977 HOUSING VT N/A EXCLUDED -5 -46 false true 0.00010 WAITS RIVER HLP 123 ST PAUL STREET BURLINGTON VT 05401 204272577 HOUSING VT N/A EXCLUDED -13 -283 false true 0.00010 WHEELER BROOK HLP 123 ST PAUL STREET BURLINGTON VT 05401 262796829 HOUSING VT N/A EXCLUDED -5 -99 false true 0.00010 WINOOSKI RIVER APARTMENT LP 22 KEITH AVE SUITE 100 BARRE VT 05641 320456425 HOUSING VT N/A EXCLUDED -9 -32 false true 0.00010 EVERGREEN PLACE HLP 5308 MAIN STREET ROUTE 100 WAITSFIELD VT 05673 200943494 HOUSING VT N/A EXCLUDED -9 false true 0.99990 TAYLOR STREET 61 TAYLOR STREET MONTPELIER VT 05602 824838642 HOUSING VT N/A EXCLUDED -19 -20 false true 0.00010 WELLS RIVER HLP 100 BANK STREET SUITE 400 BURLINGTON VT 05401 844759082 HOUSING VT N/A 97343 -4 false false 0.00010 CVCLT RIVER STATION INC CVCLT RIVER STATION INC 22 KEITH AVENUE STE 100 BARRE VT 05641 202355479 HOUSING VT NA C CORP -10 4002 1.00000 false CVCLT VENTURES INC CVCLT VENTURES INC 22 KEITH AVENUE STE 100 BARRE VT 05641 204368581 HOUSING VT NA C CORP -175 56173 1.00000 false false true false true false false false false false false true true false false false false false false false BIANCHI-HEBERT LP D 90000 FAIR MARKET VALUE LADD HALL LP D 125000 FAIR MARKET VALUE EVERGREEN PLACE HLP D 159017 FAIR MARKET VALUE GREEN MOUNTAIN SEMINARY LP D 141187 FAIR MARKET VALUE RIVER STATION HLP D 319565 FAIR MARKET VALUE BARRE STREET APARTMENTS LP D 672664 FAIR MARKET VALUE SUMMER STREET HLP K 40323 FAIR MARKET VALUE BARRE STREET APARTMENTS LP L 65841 FAIR MARKET VALUE BIANCHI-HEBERT LP L 52322 FAIR MARKET VALUE COLONIAL VILLAGE LP L 49109 FAIR MARKET VALUE FRENCH BLOCK LP L 45979 FAIR MARKET VALUE NORTH BRANCH LP L 113256 FAIR MARKET VALUE LADD HALL LP L 82126 FAIR MARKET VALUE CHASE BLOCK LP L 48872 FAIR MARKET VALUE SUMMER STREET HLP L 105790 FAIR MARKET VALUE TAYLOR STREET HLP L 78482 FAIR MARKET VALUE WAITS RIVER HOUSING LP L 73438 FAIR MARKET VALUE WHEELER BROOK LP L 36365 FAIR MARKET VALUE RIVER STATION HLP L 111475 FAIR MARKET VALUE WINOOSKI RIVER APARTMENTS LP L 44909 FAIR MARKET VALUE EVERGREEN PLACE HLP L 38714 FAIR MARKET VALUE GREEN MOUNTAIN SEMINARY LP L 43890 FAIR MARKET VALUE CHASE BLOCK LP D 513708 FAIR MARKET VALUE COLONIAL VILLAGE LP D 500000 FAIR MARKET VALUE WAITS RIVER LP D 246680 FAIR MARKET VALUE FRENCH BLOCK LP D 100000 FAIR MARKET VALUE GRANITE CITY APARTMENTS LP D 918000 FAIR MARKET VALUE SUMMER STREET HLP D 400000 FAIR MARKET VALUE WELLS RIVER HLP D 100000 FAIR MARKET VALUE WINOOSKI RIVER APARTMENTS LP D 200000 FAIR MARKET VALUE WELLS RIVER HLP B 97357 FAIR MARKET VALUE