2024-07-25T13:24:22-04:00 2023-12-31 830772076 LG&H 12 STILLWATER AVE STE 5 BANGOR ME 04401 990 2023-01-01 222993615 ISLAND HOUSING TRUST ISLA 2072448011 PO BOX 851 MOUNT DESERT ME 04660 MARLA O'BYRNE EXECUTIVE DIRECTOR 2072448011 2024-05-03 true MARLA OBYRNE XXX-XX-XXXX false SHAWN L CHAREST CPA P01758513 2079904585 2024-05-14 2023 2023-04-26 12:10:37Z EDITH DEEDIE BOUSCAREN PO BOX 851 NORTHEAST HARBOR ME 04662 2131018 false X WWW.ISLANDHOUSINGTRUST.ORG X 1989 ME ISLAND HOUSING TRUST PROMOTES VIABLE, YEAR-ROUND ISLAND COMMUNITIES BY ADVANCING PERMANENT WORKFORCE HOUSING ON MOUNT DESERT ISLAND, MAINE. 16 16 4 28 0 671970 1096247 526 1780 -81447 -57368 0 591049 1040659 29066 0 0 269455 278187 0 86119 200009 233607 498530 511794 92519 528865 4799071 5330740 47932 15540 4751139 5315200 ISLAND HOUSING TRUST PROMOTES VIABLE, YEAR-ROUND ISLAND COMMUNITIES BY ADVANCING PERMANENT WORKFORCE HOUSING ON MOUNT DESERT ISLAND, MAINE. false false 240830 1780 ISLAND HOUSING TRUST (IHT) COMPLETED CONSTRUCTION OF FOUR NEW HOMES IN A NEW YEAR-ROUND NEIGHBORHOOD; INFRASTRUCTURE DETAILS WILL BE COMPLETED IN 2024. MAINE COAST HERITAGE TRUST DONATED 2.7 ACRES OF UNDEVELOPED LAND TO IHT, WHICH IS BEING BANKED FOR FUTURE WORKFORCE HOUSING. IHT BOUGHT A HOUSE IN MOUNT DESERT FROM A HOMEOWNER WHO WANTED TO ENSURE THAT THE HOUSE WILL REMAIN AFFORDABLE TO PEOPLE EARNING A MEDIAN INCOME ON MOUNT DESERT ISLAND. AS OF DECEMBER 31, 2023 IHT OWNS TWO PARCELS OF LAND FOR FUTURE WORKFORCE HOUSING AND HOLDS COVENANTS ON 48 HOUSES IN ALL 4 MDI TOWNS THAT PROVIDE HOMES FOR 127 INDIVIDUALS LIVING YEAR-ROUND ON MDI. 240830 true true false false false false false false false false true false true false false false true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 9 0 4 true false false false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true true false false X MARLA O'BYRNE 2072448011 1366 HWY 102 BAR HARBOR ME 04609 MARLA O'BYRNE EXECUTIVE DI 40.00 X 85305 0 16320 EDITH DEEDIE BOUSCAREN PRESIDENT 10.00 X X 0 0 0 JASON BRIGGS DIRECTOR 2.00 X 0 0 0 ERICA BROOKS DIRECTOR 2.00 X 0 0 0 GREG DALTON SECRETARY 2.00 X X 0 0 0 LYDIA GOETZE DIRECTOR 5.00 X 0 0 0 JOANNE HARRIS VICE PRESIDE 2.00 X X 0 0 0 JOHN C HENRY DIRECTOR 2.00 X 0 0 0 SANDY JOHNSON TREASURER 4.00 X X 0 0 0 JOHN T KELLY DIRECTOR 2.00 X 0 0 0 MARY MCCALL DIRECTOR 2.00 X 0 0 0 THOMAS NELSON DIRECTOR 2.00 X 0 0 0 KENDRA RAND DIRECTOR 2.00 X 0 0 0 GREGORY SCOTT DIRECTOR 2.00 X 0 0 0 KYLE SHANK DIRECTOR 2.00 X 0 0 0 CHRISTOPHER WHITE DIRECTOR 3.00 X 0 0 0 AVEREL WILSON DIRECTOR 2.00 X 0 0 0 85305 16320 false false false 1096247 166450 1096247 LAND LEASE 1780 1780 1780 30359 30359 50780 951852 50973 1039386 -193 -87534 -87727 -87727 1040659 1780 -57368 101625 34044 63516 4065 140502 73286 26082 41134 19281 10593 2318 6370 16779 7569 5900 3310 5378 480 4898 13436 13436 23805 4712 13465 5628 11050 10198 752 100 33228 2405 9862 20961 14106 1411 11284 1411 8319 7189 1130 JONES MARSH EXPENSES 70010 70010 PLEDGE WRITE-OFF 30000 30000 OPPORTUNITY FUND PROJECT 10199 10199 RIPPLES III PROJECT 3287 3287 10789 5447 2202 3140 511794 240830 184845 86119 2363015 2410491 925675 868675 240 3882 1539043 969578 1539043 74496 80928 466307 427481 4799071 5330740 47932 15540 47932 15540 X 3330081 3739806 1421058 1575394 4751139 5315200 4799071 5330740 528865 7589 27607 X false true X true false X 421012 1223639 2725393 671970 1096247 6138261 421012 1223639 2725393 671970 1096247 6138261 1103138 5035123 1469 1470 2545 3431 30359 39274 6177535 3146 0.81510 0.80970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1539043 1539043 1539043 PROGRAM REAL ESTATE 427481 C 427481 2087634 7589 951852 959441 1128193 -87534 -87534 1040659 1551180 1039386 1039386 511794 511794 SCHEDULE D, PAGE 4, PART XI, LINE 2D SALES OF JONES MARSH HOUSES 951,852 SCHEDULE D, PAGE 4, PART XI, LINE 4B LOSS ON SALE -87,534 SCHEDULE D, PAGE 4, PART XII, LINE 2D COST OF SALES ON JONES MARSH 1,039,386 X 3 16450 MEAN VALUE X 1 150000 ASSESSED VALUE false false false FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 WAS REVIEWED WITH THE GOVERNING BOARD TO ENSURE THAT ALL BOARD MEMBERS HAD THE OPPORTUNITY TO ASK QUESTIONS AND OBTAIN A COMPLETE UNDERSTANDING OF THE FINANCIAL INFORMATION CONTAINED IN FORM 990 PRIOR TO THE FORM 990 BEING FILED. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY. BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PAGE 6, PART VI, LINE 15A THE ORGANIZATION HAS A REVIEW PROCESS COMPRISED OF THE SITTING BOARD PRESIDENT AND TWO OTHER EXECUTIVE COMMITTEE MEMBERS. ONCE THE PERFORMANCE REVIEW IS COMPLETED, THE EXECUTIVE DIRECTOR SUBMITS AN UPDATED WORK PLAN FOR THE COMING YEAR. THE REVIEW COMMITTEE ALSO REVIEWS THE EXECUTIVE DIRECTOR'S COMPENSATION, CONSIDERS COMPARABLE COMPENSATION DATA FOR NONPROFITS COLLECTED BY THE MAINE ASSOCIATION OF NONPROFITS, AND MAKES RECOMMENDATIONS FOR MERIT OR COST OF LIVING PAY INCREASES OR CHANGES IN BENEFITS, IF ANY, TO THE ENTIRE EXECUTIVE COMMITTEE, WHICH THEN FORMALLY VOTES ON ANY SUCH PROPOSAL. THE EFFECTIVE DATE OF ANY PAY INCREASE OR CHANGE IN BENEFIT IS DETERMINED BY THE EXECUTIVE COMMITTEE AND IS COMMUNICATED IN WRITING TO THE EXECUTIVE DIRECTOR BY THE SITTING BOARD PRESIDENT. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON REQUEST. SOME FINANCIAL DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. THE ORGANIZATION HAS ADOPTED A CONFLICT OF INTEREST POLICY, A RECORDS RETENTION POLICY AND OTHER POLICIES AS REQUIRED. THESE ARE AVAILABLE ON REQUEST FOR PUBLIC INSPECTION.