2024-04-19T13:38:35-04:00 2023-12-31 030302296 KITTELL BRANAGAN & SARGENT 154 N MAIN ST ST ALBANS VT 05478 990 2023-01-01 222864900 VERMONT COMMUNITY LOAN FUND VERM 8022231448 PO BOX 827 MONTPELIER VT 05601 WILLIAM BELONGIA EXECUTIVE DIRECTOR 8022231448 2024-03-19 true WILLIAM BELONGIA 999009999 true ANDREW BACHAND CPA P01281230 8025249531 2024-03-29 2023 2023-04-26 12:10:37Z WILLIAM BELONGIA 1851 SHAW MANSION ROAD WATERBURY CENTER VT 05677 3257007 false X WWW.VCLF.ORG X 1987 TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS. 10 10 20 0 1276536 813902 1619684 1655219 152980 681347 106539 3049200 3257007 56850 0 0 1607936 1670875 0 106765 1012995 1484385 2677781 3155260 371419 101747 51802353 52714194 34286179 35096273 17516174 17617921 TO CREATE OPPORTUNITIES THAT LEAD TO HEALTHY COMMUNITIES AND FINANCIAL STABILITY FOR ALL VERMONTERS. false false 2582311 1655219 THE ORGANIZATION 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. 2582311 true true false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 574 0 true 20 true false false false false false false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true false false VT X X VERMONT COMMUNITY LOAN FUND 8022231448 7 SCHOOL STREET MONTPELIER VT 05602 WILLIAM BELONGIA EXECUTIVE DI 40.00 X 210500 0 12026 JAKE IDE EMPLOYEE 40.00 X 126252 0 7812 KATHERINE NELSON EMPLOYEE 40.00 X 124522 0 7726 DR ASMA ALI ABUNAIB MEMBER 1.00 X 0 0 0 JOSE AGUAYO SECRETARY 1.00 X X 0 0 0 ARNE HAMMARLUND TREASURER 5.00 X X 0 0 0 KIM KEISER MEMBER 1.00 X 0 0 0 CHLOE LEAREY MEMBER 1.00 X 0 0 0 IRA MARVIN MEMBER 1.00 X 0 0 0 MATTHEW PLASSE MEMBER 1.00 X 0 0 0 GWEN POKALO PRESIDENT 5.00 X X 0 0 0 MICHAEL THOMPSON MEMBER 1.00 X 0 0 0 STEPHANIE WERNHOFF VICE PRESIDE 5.00 X X 0 0 0 461274 27564 3 false true false 280981 532921 813902 LOAN INTEREST 522291 1532871 1532871 FINANCING CHARGES 522291 117688 117688 ADMIN FEE INCOME 4660 4660 1655219 681347 681347 FORECLOSURES 525990 106539 106539 106539 3257007 1761758 681347 210500 210500 1121402 972253 89017 60132 61317 50813 6269 4235 183042 151685 18715 12642 94614 78405 9674 6535 9409 2352 7057 42069 42069 43925 39532 4393 23074 17305 4615 1154 90723 68042 18145 4536 8472 6354 1694 424 477736 477736 57052 42789 11410 2853 23774 17830 4755 1189 LOAN LOSS PROVISION 441747 441747 CONSULTANTS 82452 57716 24736 OUTREACH 47013 42312 4701 FORECLOSURE 22960 22960 113979 92480 17528 3971 3155260 2582311 466184 106765 1339806 279123 10290661 11817576 25969023 29626616 44434 54111 390201 215345 210188 174856 11293481 9612360 75000 1951538 186639 201572 420565 501650 467348 51802353 52714194 331437 324284 36114 1427083 5509930 5276003 27763137 27594326 645561 474577 34286179 35096273 X 13748273 13872344 3767901 3745577 17516174 17617921 51802353 52714194 101747 X false true X true true true X 862262 1931623 4364906 1276536 813902 9249229 862262 1931623 4364906 1276536 813902 9249229 9249229 154210 101586 56574 152980 681347 1146697 63818 116950 62762 24515 111199 379244 10775170 8819298 0.85840 0.89530 X PART II, LINE 10 RECOVERY OF BAD DEBT AND OTHER INC. 379,244 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9986 9986 9986 1997 499 7989 false 2228 1241 1472 1997 6938 10407 11138 6206 7362 9986 34692 557 310 368 499 1734 2601 120643 29401 91242 269558 185944 83614 174856 LEASE LIABILITY 474577 474577 3257007 3257007 3257007 3155260 3155260 3155260 false false false false false false false false false WILLIAM BELONGIA EXECUTIVE DIRECTOR 200500 10000 12026 222526 FORM 990, PAGE 6, PART VI, LINE 11B THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C VCLF MONITORS AND ENFORCES THEIR CONFLICT OF INTEREST POLICY BY HAVING BOARD MEMBERS SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY ATTESTING TO KNOWLEDGE OF THE POLICY AND COMPLIANCE WITH DISCLOSURE. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECTIVE DIRECTOR'S SALARY IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WITH INPUT FROM RECENT SALARY SURVEYS OF SIMILAR ORGANIZATIONS. FORM 990, PAGE 6, PART VI, LINE 19 THE FINANCIAL STATEMENT AUDIT REPORTS AND ANNUAL REPORTS ARE AVAILABLE ON THE VERMONT COMMUNITY LOAN FUND WESBSITE AND UPON REQUEST.