2025-11-14T08:48:17-05:00 2024-12-31 030280081 JMM & ASSOCIATES PC 463 MOUNTAIN VIEW DR STE 403 COLCHESTER VT 05446 990 2024-01-01 222843473 DOWNSTREET HOUSING AND COMMUNITY DEVELOPMENT INC DOWN 8024764493 22 KEITH AVENUE SUITE 100 BARRE VT 056413709 ANGIE HARBIN EXECUTIVE DIRECTOR 8024764493 2025-11-14 true false RANDALL L SARGENT CPA P00136499 8026555665 2025-11-14 2024 2025-03-06 01:10:19Z ANGIE HARBIN 22 KEITH AVENUE SUITE 100 BARRE VT 056413709 10462907 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. 15 15 50 16 -6545 4159739 7272609 2487743 2962447 -463186 77810 481634 105363 6665930 10418229 946021 3441017 0 2413122 2503234 0 71232 2092207 2563734 5451350 8507985 1214580 1910244 18731814 22761697 3755722 5647821 14976092 17113876 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 2125177 90000 1380710 PROPERTY MANAGEMENT - ACCOUNTS FOR THE SERVICES PROVIDED TO OTHER PROPERTIES IN WHICH DOWNSTREET IS AN INVESTOR. 1419544 1008651 PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS OF THE FOLLOWING PROJECTS: BROMUR(SOLD IN 2023), BROOK STREET, GOOD NEIGHBORS, GREEN MOUNTAIN SEMINARY, EVERGREEN PLACE, FOUNDATION HOUSE, HILLSIDE, HUBBARD STREET, LAUREL STREET, LIMEHURST MOBILE HOME PARK, MAD RIVER MEADOWS, PHOENIX HOUSE, VERDMONT MOBILE HOME PARK, WHISTLESTOP MOBILE HOME PARK, AND THE YORRA BUILDING. 2433942 1897209 40125 HOMEOWNERSHIP - ACCOUNTS FOR THE ACTIVITIES OF DOWNSTREET'S HOMEOWNERSHIP CENTER. 1909456 1453808 532961 PROJECT DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF DOWNSTREET FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING. 1909456 1453808 532961 7888119 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 true true false false false false false false false false false true false false false true true true true false false true 36 0 true 50 true true true false false false false false false false false false false false X 15 15 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 134026 0 13128 SCHUYLER ANDERSON CFO 40.00 X 116922 0 14616 KEVIN ELLIS PRESIDENT 2.00 X X 0 0 0 LORI BELDING VICE PRESIDE 2.00 X X 0 0 0 PEGEEN MULHERN SECRETARY 2.00 X X 0 0 0 SAMANTHA ABARE TREASURER 2.00 X X 0 0 0 DAPHNE MAKINSON 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 SARAH COPELAND HANZAS DIRECTOR 2.00 X 0 0 0 PRISCILLA GILBERT DIRECTOR 2.00 X 0 0 0 DEBBIE HILL DIRECTOR 2.00 X 0 0 0 JOHANNA THIBAULT DIRECTOR 2.00 X 0 0 0 HANNA GALE DIRECTOR 2.00 X 0 0 0 TERRI JORDAN DIRECTOR 2.00 X 0 0 0 EMMANUEL RIBY WILLIAMS DIRECTOR 2.00 X 0 0 0 CHELSEA BOSTON LEFT JULY 2024 DIRECTOR 2.00 X 0 0 0 250948 27744 2 false false false RANDALL CONTRACTING INC 153 E COBBLE HILL RD BARRE VT 05641 CONSTRUCTION 191482 JONAH RICHARD 404 ROUTE 5N FAIRLEE VT 05045 CONSTRUCTION 105624 2 5972045 1300564 55699 7272609 RENTAL INCOME 531110 1008651 1008651 MAINTENANCE INCOME 531390 744935 744935 MANAGEMENT FEES 531310 635775 635775 DEVELOPMENT FEES 531310 532961 532961 LEASE FEE INCOME 531390 40125 40125 2962447 77810 77810 38133 44678 -6545 -6545 -6545 MISCELLANEOUS INCOME 531390 111908 111908 111908 10418229 3074355 -6545 77810 1530888 1530888 1910129 1910129 147154 133910 8829 4415 1808743 1532236 251214 25293 42516 29226 13596 -306 310167 229500 80178 489 194654 168449 25536 669 116785 116785 22669 21953 716 32888 32888 111897 57692 24992 29213 21729 18856 2458 415 161488 156959 1147 3382 269292 266010 3198 84 37884 33651 3599 634 18516 14727 3789 126069 114415 11654 465305 450579 14726 106998 79837 26117 1044 SASH & OTHER PROGRAM 484177 463651 20526 PROPERTY EXPENSE 432670 434580 -2263 353 MISCELLANEOUS 146043 114762 26450 4831 CREDIT LOSSES 9324 9324 8507985 7888119 548634 71232 670824 635655 3080610 4656826 541091 1031253 332398 293921 4345701 4624107 63603 22854 14218458 4080132 8613672 10138326 60175 60175 1023740 1298580 18731814 22761697 228331 361400 216839 716839 51236 49509 2445937 3684795 813379 835278 3755722 5647821 X 11109597 12949515 3866495 4164361 14976092 17113876 18731814 22761697 X 1910244 227540 X false true X true true true X 2280897 2772148 3658720 4159739 7272609 20144113 2280897 2772148 3658720 4159739 7272609 20144113 20144113 14352 11687 9206 44660 77810 157715 20301828 13581336 0.99220 0.99360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 1895826 1895826 11380909 3671754 7709155 182426 67643 114783 376632 340735 35897 382665 382665 10138326 RIGHT-OF-USE ASSET 699081 DEVELOPMENT FEES RECEIVABLE 329777 INVESTED IN OTHER PROPERTIES 269722 1298580 FINANCING LIABILITY 835278 835278 X 10462907 44678 44678 10418229 10418229 8552663 44678 44678 8507985 8507985 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 44,678 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL PROPERTY EXPENSES 44,678 true MARSH HOUSE 51 SOUTH MAIN STREET WATERBURY VT 05676 993612550 90000 FOX RUN 282 BERLIN MAILL ROAD BERLIN VT 05602 991574637 1440888 AHS 29 12920 VHIP 29 1854295 GMHR VCDP 26 42914 SCHEDULE I, PAGE 1, PART I, LINE 2 VHIP- 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. AHS- SOCIAL WORKERS REVIEWS AND APPROVES REQUESTS FOR GRANT FUNDS FROM ACCOUNTING. THE SENIOR ACCOUNTANT PREPARES CHECK REQUEST WITH ALL APPLICABLE BACKUP DOCUMENTATION. THE CFO OR INTERIM FINANCE DIRECTOR REVIEW REQUEST PRIOR TO APPROVING DISBURSEMENT. GMHR- APPLICANTS CAN APPLY FOR DOWNPAYMENT ASSISTANCE GRANTS OR HOME REPAIR GRANTS TO ADDRESS HEALTH, SAFETY AND ENERGY EFFICIENCY OF HOMES. HOMEOWNERSHIP STAFF REVIEW ELIGIBILITY OF APPLICANTS AND GATHER DOCUMENTATION PRIOR TO REQUESTING ANY GRANT DISBURSEMENTS FROM ACCOUNTING. THE CFO OR INTERIM FINANCE DIRECTOR REVIEW DOCUMENTATION PRIOR TO APPROVING DISBURSEMENT. X 1 55699 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 MRM HOLDINGS LLC AND HUBBARD STREET LLC, BOTH DISREGARDED SINGLE-MEMBER LLCS, WERE ADDED TO THE 990 THIS YEAR. THEIR OPENING NET ASSETS WERE NOT IN ULTRATAX, SO THE PRIOR BALANCES WERE ENTERED AS OTHER INCREASES TO INCLUDE THESE ENTITIES IN TOTAL NET ASSETS. 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