2025-11-07T13:08:22-06:00 2024-12-31 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 4th Floor Manchester NH 03101 990 2024-01-01 030301520 Gilman Housing Trust Inc GILM 8024733925 1222 Main Street St Johnsbury VT 05819 Patrick Shattuck Executive Director 8024733925 2025-11-07 1 1 Melissa Magoon CPA P01712842 6036697337 2025-11-07 2024 2025-03-06 01:10:19Z Rural Edge Patrick Shattuck 1222 Main Street St Johnsbury VT 05819 9322657 0 X www.RuralEdge.org X 1992 VT To develop, own and manage affordable residential housing units and related facilities for qualified low-income families. 9 9 77 10 0 0 4805783 3504184 4762062 5201410 19332 313612 0 0 9587177 9019206 22991 0 0 0 3139997 3512873 0 0 0 4962404 5650656 8125392 9163529 1461785 -144323 26142035 29326908 13187104 16172300 12954931 13154608 To develop, own and manage affordable residential housing units and related facilities for qualified low-income families. 0 0 8119864 5201410 Provides affordable housing to low-income families in northern Vermont. 8119864 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 101 0 1 77 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Patrick Shattuck 8024733925 1222 Main Street St Johnsbury VT 05819 Tim O'Neill President 1.00 5.00 X X 0 0 0 Patricia Sears Vice President 1.00 5.00 X X 0 0 0 Nikole Brainard Treasurer 1.00 5.00 X X 0 0 0 Loraine Janowski Secretary 1.00 5.00 X X 0 0 0 Bobby Farlice-Rubio Director 1.00 2.50 X 0 0 0 Kimico Perry Director 1.00 2.50 X 0 0 0 Joel Pierce Director 1.00 2.50 X 0 0 0 Reverend Dr Jeff Potter Director 1.00 2.50 X 0 0 0 Kelsey Stavseth Director 1.00 2.50 X 0 0 0 Terri Lynn Williams Past Director 1.00 2.50 X 0 0 0 Patrick Shattuck Executive Director 40.00 5.00 X 131792 0 20750 Diana Cazaudumec Director of Finance and Compliance 40.00 5.00 X 117194 0 27939 248986 0 48689 2 0 1 0 0 2940387 563797 3504184 Rental Income 531110 2600150 2600150 Property Management 531110 1572547 1572547 Support Services 561000 664263 664263 Other Operating Revenu 531110 273539 254405 19134 Development Fees 531110 90911 90911 5201410 17063 17063 600000 303451 296549 296549 296549 9019206 5182276 0 332746 297676 297676 2538790 2311742 227048 30581 30581 423426 376070 47356 222400 188139 34261 10266 10266 43812 41879 1933 128315 45500 82815 42222 3175 39047 4855 4615 240 262052 201736 60316 56187 24795 31392 1638178 1618781 19397 163691 149746 13945 60 60 301164 277438 23726 680632 669945 10687 219015 172328 46687 Pass-through Grants 1801476 1801476 Operating & Maintenance 193558 181108 12450 Impairment Expenses 55535 55535 Other Expenses 49638 10484 39154 9163529 8119864 1043665 0 X 1943841 2648889 195321 205799 5976 225215 75307 104021 30145968 8551952 19318378 21594016 1907849 1907849 2695363 2641119 26142035 29326908 726815 922404 11352532 14149986 379135 367135 728622 732775 13187104 16172300 X 12824706 12960585 130225 194023 12954931 13154608 26142035 29326908 X -144323 344000 X 0 1 X 1 1 1 X 4022774 3545532 3613118 4805783 3504184 19491391 4022774 3545532 3613118 4805783 3504184 19491391 19491391 8075 9615 11109 25253 17063 71115 41194 68583 228411 338188 19900694 22478857 0.97940 0.97340 X Schedule A, Part II, Line 10, Explanation of Other Income: Tax Credit Income - Forgiveness of Debt - 2020 Amount: $ 41,194. 2021 Amount: $ 68,583. 2022 Amount: $ 228,411. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2028747 2028747 23765138 7723063 16042075 434594 265480 169114 3917489 563409 3354080 21594016 Investment in Partnerships 1768809 C Investment in Corporations 139040 C 1907849 Due from Related Parties 2009101 Deferred Interest Receivable 406457 Development Fee Receivable 102215 Tenant Security Deposits 123346 2641119 Deferred Development Fee 104233 Tenant Security Deposits 123346 Deferred Interest Payable 505196 732775 X Part X, Line 2: RuralEdge, Groton Village Housing, Memphremagog Senior Citizen Housing, Inc., Passumpsic View, Inc. and Gilman Housing Corporation are tax-exempt Section 170(b)(1)(A)(vi) public charities as described in Section 501(c)(3) of the Internal Revenue Code (the Code) and are exempt from income taxes on related income pursuant to Section 501(a) of the Code. Accordingly, no provision for income taxes has been reflected in these consolidated financial statements. The standards for accounting for uncertainty in income taxes require the Organization to report any tax positions and to adjust its consolidated financial statements for the impact thereof. As of December 31, 2024 and 2023, the Organization determined that it had no tax positions that did not meet the more-likely-than-not threshold of being sustained by the applicable tax authority. The Organization files an informational return in the United States. This return is generally subject to examination by the federal government for up to three years. X 0 0 0 0 0 0 0 0 0 Patrick Shattuck Executive Director 131792 0 0 0 0 0 4982 0 15768 0 152542 0 0 0 Form 990, Part VI, Section B, line 11b The Form 990 was reviewed by the CEO prior to submission. Form 990, Part VI, Section B, line 12c All transactions are reviewed to comply with the organization conflict of interest policy. Form 990, Part VI, Section B, line 15 The organization reviews compensation data of comparable organizations in the area. Form 990, Part VI, Section C, line 19 All organizing and operating documents are available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment: Section 1.263(a)-3(n) Election: Gilman Housing Trust, Inc. d/b/a Rural Edge 1222 Main Street St. Johnsbury, VT 05819 EIN: 03-0301520 Gilman Housing Trust is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Net Asset Transfer 344,000. Caledonia Housing Partnership 123 St Paul Street Burlington VT 05401 030310520 Affordable Housing VT 402211 622554 Gilman Housing Trust Inc Crystal Lake Housing LP 123 St Paul Street Burlington VT 05401 030361428 Affordable Housing VT 221628 821490 Lakeview 2015 LLC Darling Inn Company 1222 Main Street St Johnsbury VT 05819 030276684 Affordable Housing VT 0 0 Gilman Housing Trust Inc Lakeview Housing Limited Partnership 123 St Paul Street Burlington VT 05401 030357740 Affordable Housing VT 172637 2496767 Gilman Housing Trust Inc Lyndon Housing Partnership 1222 Main Street St Johnsbury VT 05819 030310520 Affordable Housing VT 0 0 Gilman Housing Trust Inc Parkview Newport LLC 1222 Main Street St Johnsbury VT 05819 471625501 Affordable Housing VT -10 449344 Gilman Housing Trust Inc St Johnsbury Housing Partnership 123 St Paul Street Burlington VT 05401 030326181 Affordable Housing VT 174057 1610670 Gilman Housing Trust Inc JRA 2018 LLC 1222 Main Street St Johnsbury VT 05819 831750199 Affordable Housing VT -15 195337 Gilman Housing Trust Inc GPA 2019 LLC 1222 Main Street St Johnsbury VT 05819 842867811 Affordable Housing VT 0 0 Gilman Housing Trust Inc Crystal Lake 2016 LLC 1222 Main Street St Johnsbury VT 05819 Affordable Housing VT 0 0 Gilman Housing Trust Inc GHT OPL 2018 LLC 1222 Main Street St Johnsbury VT 05819 833770668 Affordable Housing VT -9 412496 Gilman Housing Trust Inc GHT NFH 2010 LLC 1222 Main Street St Johnsbury VT 05819 272595153 Affordable Housing VT -9 62733 Gilman Housing Trust Inc Lakeview 2015 LLC 1222 Main Street St Johnsbury VT 05819 Affordable Housing VT 0 0 Gilman Housing Trust Inc GHT WBH 2020 LLC 1222 Main Street St Johnsbury VT 05819 854005915 Affordable Housing VT -13 232690 Gilman Housing Trust Inc Newport Crossing LP 1222 Main Street St Johnsbury VT 05819 922655686 Affordable Housing VT 0 1634760 Gilman Housing Trust Inc Gilman Housing Corporation 1222 Main Street St Johnsbury VT 05819 222540936 Affordable Housing VT 501(c)(3) Line 10 Gilman Housing Trust Inc 1 Groton Village Housing Inc 1222 Main Street St Johnsbury VT 05819 043351391 Affordable Housing VT 501(c)(3) Line 10 Gilman Housing Trust Inc 1 Memphremagog Senior Citizen Housing Inc 1222 Main Street St Johnsbury VT 05819 030284101 Affordable Housing VT 501(c)(3) Line 10 Gilman Housing Trust Inc 1 NCDC Inc 1222 Main Street St Johnsbury VT 05819 030271040 Affordable Housing VT 501(c)(3) Line 7 Gilman Housing Trust Inc 1 Passumpsic View Inc 1222 Main Street St Johnsbury VT 05819 800030492 Affordable Housing VT 501(c)(3) Line 10 Gilman Housing Trust Inc 1 Dean Hale LLC 1222 Main Street St Johnsbury VT 05819 204808022 Affordable Housing VT GHT Inc Related -19860 636389 0 1 1.00000 Glover Housing Limited Partnership 1222 Main Street St Johnsbury VT 05819 203903332 Affordable Housing VT N/A 0 1 Groton Community Housing LP 100 Bank Street Burlington VT 05401 061687666 Affordable Housing VT GHT Inc Related -80 0 1 0.02500 Hilltop Family Housing LP 1222 Main Street St Johnsbury VT 05819 453089848 Affordable Housing VT N/A 0 1 Lyndon Darling Senior Housing LP 1222 Main Street St Johnsbury VT 05819 473706566 Affordable Housing VT N/A 0 1 Moose River Housing LP 100 Bank Street Burlington VT 05401 030369688 Affordable Housing VT GHT Inc Related -79337 1015479 0 1 0.99950 Mountainview St Jay Housing LP 100 Bank Street Burlington VT 05401 200229559 Affordable Housing VT GHT Inc Related -35 20377 0 1 0.02500 Newport Family Housing LP 100 Bank Street Burlington VT 05401 272773648 Affordable Housing VT GHT NFH 2010 LLC Related -9 62733 0 1 Newport Senior Housing Limited 1222 Main Street St Johnsbury VT 05819 262155593 Affordable Housing VT N/A 0 1 GPA Housing LP 1222 Main Street St Johnsbury VT 05819 842904947 Affordable Housing VT GPA 2019 LLC Related -6 205130 0 1 0.21020 Johns River Apartments LP 1222 Main Street St Johnsbury VT 05819 831742221 Affordable Housing VT JRA 2018 LLC Related -15 195337 0 1 0.15130 Parkview Apartments LP 1222 Main Street St Johnsbury VT 05819 821973274 Affordable Housing VT Parkview Newport LLC Related -10 449344 0 1 0.00010 Olivia Place LP 100 Bank Street Burlington VT 05401 833012482 Affordable Housing VT N/A 0 0 West Burke Housing LP 100 Bank Street Burlington VT 05401 854067347 Affordable Housing VT N/A 0 1 New Avenue Housing LP 1222 Main Street St Johnsbury VT 05401 842627946 Affordable Housing VT N/A 0 1 DIN 2015 LLC 1222 Main Street St Johnsbury VT 05819 473697309 Rental VT Gilman Housing Trust Inc C -15 715270 1.00000 1 GHT HFH 2011 LLC 1222 Main Street St Johnsbury VT 05819 453032307 Rental VT Gilman Housing Trust Inc C -15 76164 1.00000 1 NE Ventures Inc 1222 Main Street St Johnsbury VT 05819 203903291 Rental VT Gilman Housing Trust Inc C -64 -214771 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 Hilltop Family Housing LP L 83760 FMV Memphremagog Senior Citizen Housing Inc L 70176 FMV Moose River Housing LP L 77560 FMV Passumpsic View Inc L 91762 FMV Dean Hale LLC D 347167 FMV Passumpsic View Inc D 66616 FMV