2024-10-03T19:51:03-07:00 2023-12-31 990 2023-01-01 832830911 KENNEBUNKPORT HERITAGE HOUSING TRUST KENN 2074322541 PO BOX 333 Kennebunkport ME 04046 Thomas Myatt Treasurer 5085093443 2024-10-03 1 2023 2024-10-15 13:58:12Z Thomas McClain PO Box 333 Kennebunkport ME 04046 203604 0 X www.khht.org X 2018 ME To provide and maintain affordable housing in Kennebunkport 9 9 1 11 0 0 81527 203604 0 0 0 0 8234 0 89761 203604 0 37000 0 0 56483 105736 0 0 20847 49935 32034 106418 174770 -16657 28834 30011 58845 0 0 30011 58845 To provide and maintain affordable housing in Kennebunkport 0 0 37000 37000 0 In a joint project with KHHT2, KHHT helped acquire a donation of land to KHHT2 from the town of Kennebunkport, Maine. The organizations plan to build 6 affordable housing units on this approximately 5-acre parcel starting in 2024 and finishing in 2025. See Part VII Supplemental Information. The expenses were for legal fees to ensure a clean title to the property due to another party claiming it. 1771 0 0 Complete the landscaping at Heritage Woods, the first KHHT affordable housing development. 0 0 0 Identification of additional potential sites in Kennebunkport for building more affordable housing units. 0 0 0 38771 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 ME X Thomas Myatt 5085093443 PO BOX 333 Kennebunkport ME 04046 Larissa Crockett Executive Director (non-voting) 40 0 X X 75000 0 0 Julie Grady President and Director 10.00 0 X X 0 0 0 Pat Clancey Vice President and Director 10 0 X X 0 0 0 Thomas McClain Secretary and Director 10 0 X X 0 0 0 David Kling Treasurer and Director 10.00 0 X X 0 0 0 Leah Adams Director 10 0 X 0 0 0 Patrick Briggs Director 10.00 0 X 0 0 0 Tom Myatt Director 10 0 X 0 0 0 Stephanie Schafer Director 10 0 X 0 0 0 Randall Simon Director 10 0 X 0 0 0 John Dyksta Director (non-voting) 5 0 X 0 0 0 Laurie Smith Director (non-voting) 5 0 X 0 0 0 75000 0 0 0 0 0 0 0 0 0 23952 0 0 179652 0 203604 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 203604 0 0 0 37000 37000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 75000 0 75000 0 0 0 0 0 24998 0 24998 0 5738 0 5738 0 0 0 0 0 185 0 185 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1579 0 1579 0 0 0 0 0 494 0 494 0 1147 0 1147 0 0 0 0 0 0 0 0 0 40 0 40 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4139 0 4139 0 2 fundraising events expenses listed on Sched G 17513 0 0 17513 Bulk mailing for annual appeal 2068 0 0 2068 First housing development maintenance expenses 1771 1771 0 0 3 other minor fundraising event expenses 1016 0 0 1016 2082 0 1832 250 174770 38771 115152 20847 30011 58845 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 30011 58845 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 30011 58845 0 0 0 0 30011 58845 30011 58845 28834 0 0 0 0 0 X 0 0 0 X 54805 39118 303075 81527 179653 658178 0 0 0 0 0 0 0 0 0 0 0 0 54805 39118 303075 81527 179653 658178 658178 0 0 0 0 0 0 658178 0 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Pickleball Tournament 9977 0 9977 0 1835 350 97 0 1308 Sea Bags Sales 11546 0 11546 0 0 0 0 0 13924 0 21523 0 21523 0 1835 350 97 0 15232 17514 4009 Schedule G, Part II, Line 1 The remainder of the fundraising events each had gross receipts of less than $5,000.00. Schedule G, Part II, Line 9 Event 1 - Pickleball tournament - Other Direct Expenses: $500 Tournament Director, $423 Pickleballs $360 Event Insurance, $25 Registration Fee. Event 2 - Sea Bag Sales - Other Direct Expenses: $13,875 Cost of Sea Bags, $49 Miscellaneous. 1 Kennebunkport Heritage Housing Trust 2 PO Box 333 Kennebunkport ME 04046 841869040 501 c 4 37000 0 Cash None KHHT 2 manages the acquisition of land and the building of affordable housing units. In 2023, the funds were provided to pay for legal and engineering fees towards obtaining clear title to a parcel of land on which 6 housing units will be bulit starting in 2024 and finishing in 2025. 0 1 Schedule I, Part I, Line 2 The funds were transferred to the Kennebunkport Heritage Housing Trust 2 (KHHT 2). KHHT and KHHT 2 have the same officers and board members who oversee the activities and financial management of both organizations. Form 990, Part VI, Section B, Line 11b The Form 990 was reviewed with the Executive Director and former Treasurer who are both board members. The Form 990 was then included in the package of documents prepared for all the board members to review before the board meeting. A motion was made for the board to approve the submission of the Form 990 to the IRS, and the motion passed. Form 990, Part VI, Section B, Line 15 The Executive Director (ED) is the only employee and the only person who receives compensation. The Executive Committee of the Board of Directors conducts an annual performance review of the ED, and recommends any changes in the ED's compensation to the full board. There were no recommended changes to the ED's compensation in 2023. Form 990, Part VI, Section C, Line 19 The KHHT governing documents, conflict of interest policy, and financial statements available to the public upon request. Kennebunkport Heritage Housing Trust 2 PO Box 333 Kennebunkport ME 04046 841869040 Affordable housing. ME 501 c 4 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Kennebunkport Heritage Housing Trust 2 r 37000 See Schedule R, Part VII, Statement 1. Schedule R, Part V, Line 1r The related organization is Kennebunk Heritage Housing Trust 2 (EIN: 84-1869040, PO Box 333, Kennebunkport, ME 04046. KHHT is a 501 c 4. KHHT and KHHT 2 jointly develop and maintain affordable housing projects in Kennebunkport. KHHT 2 acts as project management and financial agent for the projects. KHHT receives tax deductible donations which are only employed in homes sold to household units at or below the 80 percent area median income limits, as per KHHT's 501 c 3 application. Due to a treasurer transition, Form 8868, Applicastion for Automatic Extension of Time to File an Exempt Organization Return, was submitted and accepted.