Downstreet Housing & Community Development Inc
Only null% goes to programs Strong reserves Growing revenue
Downstreet Housing & Community Development Inc is a 501(c)(3) organization based in Barre, Vermont, registered in 1988, with $10,418,229 in FY2024 revenue. CharityIndex grades it B.
22 Keith Ave Ste 100, Barre, VT, 05641 EIN 22-2843473 Since 1988
Revenue (FY2024)
$10.4M
▲ 56.3% vs prior year
Housing median: $408K
Expenses (FY2024)
$8.5M
Net assets
$17.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Downstreet Housing & Community Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Downstreet Housing & Community Development Inc: 24 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Downstreet Housing & Community Development Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Downstreet Housing & Community Development Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 22 Keith Ave Ste 100, Barre, VT, 05641
- City
- Barre
- State
- Vermont
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $3.5M (FY2013) to $10.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.6MNet assets $17.1M
Operating margin
18.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$22.8M
Total liabilities
$5.6M
Net assets
$17.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,418,229▲56.3% | $8,507,985▲56.1% | $17,113,876▲14.3% | $22,761,697▲21.5% | 990 |
| 2023 | $6,665,930▲8.0% | $5,451,350▲17.7% | $14,976,092▲8.8% | $18,731,814▲4.3% | 990 |
| 2022 | $6,169,989▲18.8% | $4,631,088▼0.6% | $13,761,512▲13.2% | $17,964,468▲20.7% | 990 |
| 2021 | $5,193,607▲5.8% | $4,659,127▲0.8% | $12,158,043▲4.6% | $14,878,701▲1.4% | 990 |
| 2020 | $4,907,611▲1.4% | $4,620,832▲19.8% | $11,623,563▲4.0% | $14,666,248▲5.0% | 990 |
| 2019 | $4,841,901▲31.5% | $3,858,725▲7.7% | $11,173,957▲9.6% | $13,963,842▲8.0% | 990 |
| 2018 | $3,681,119▲10.4% | $3,582,279▲1.5% | $10,190,781▲6.1% | $12,931,112▲4.2% | 990 |
| 2017 | $3,333,622▼1.5% | $3,528,138▼1.3% | $9,606,941▼2.0% | $12,409,722▼8.5% | 990 |
| 2016 | $3,385,496▼3.7% | $3,573,658▼1.6% | $9,801,190▼4.7% | $13,569,489▼1.3% | 990 |
| 2014 | $3,515,353▲0.7% | $3,633,068▲16.0% | $10,286,385▲3.6% | $13,743,675▲1.1% | 990 |
| 2013 | $3,489,883 | $3,131,923▲24.4% | $9,928,757▲3.7% | $13,587,994▲11.4% | 990 |
| 2012 | — | $2,517,706▲2.9% | $9,570,797▲9.7% | $12,193,961▲16.2% | 990 |
| 2011 | — | $2,446,626▲14.2% | $8,724,215▲19.6% | $10,491,550▲14.3% | 990 |
| 2010 | — | $2,141,667 | $7,297,152 | $9,182,530 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $3.7M total
25 grants to Downstreet Housing & Community Development Inc totaling $3.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Vermont Community Foundation | To support the charitable purposes, programs and operations of downstreet housing and community development. | 2024 | $44,117 |
| Neighborhood Reinvestment Corp | General support | 2023 | $618,500 |
| Vermont Community Foundation | General purpose | 2023 | $46,622 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,500 |
| Donor Advised Charitable Giving | Human services | 2023 | $10,050 |
| Neighborhood Reinvestment Corp | General support | 2022 | $480,500 |
| Vermont Community Foundation | General purpose | 2022 | $57,162 |
| Donor Advised Charitable Giving | Human services | 2022 | $12,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $6,500 |
| Neighborhood Reinvestment Corp | General support | 2021 | $375,000 |
| Vermont Community Foundation | General purpose | 2021 | $68,000 |
| Central Vermont Medical Center Inc Hcsr | Community benefit award | 2021 | $17,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $6,000 |
| Neighborhood Reinvestment Corp | General support | 2020 | $432,500 |
| Neighborhood Reinvestment Corp | — | 2019 | $170,000 |
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Frequently asked questions
- Is Downstreet Housing & Community Development Inc a legitimate nonprofit?
- Yes. Downstreet Housing & Community Development Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2843473, based in Barre, Vermont. Donations are tax-deductible.
- What is Downstreet Housing & Community Development Inc's EIN?
- Downstreet Housing & Community Development Inc's Employer Identification Number (EIN) is 22-2843473.
- How much revenue does Downstreet Housing & Community Development Inc report?
- Downstreet Housing & Community Development Inc reported $10,418,229 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Downstreet Housing & Community Development Inc have?
- CharityIndex grades Downstreet Housing & Community Development Inc B, based on financial health (reserves and operating margin).
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Explore more
Data for Downstreet Housing & Community Development Inc (EIN 22-2843473) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.