2026-08-10T12:00:08-04:00 2025-12-31 830772076 LG&H 396 GRIFFIN ROAD SUITE 102 BANGOR ME 04401 990 2025-01-01 222993615 ISLAND HOUSING TRUST ISLA 2072448011 PO BOX 851 MOUNT DESERT ME 04660 SHERRY BILLINGS EXECUTIVE DIRECTOR 2072448011 2026-06-10 true SHAWN L CHAREST CPA P01758513 2079904585 2026-08-10 2025 2025-03-06 01:10:19Z EDITH DEEDIE BOUSCAREN PO BOX 851 NORTHEAST HARBOR ME 04662 2182433 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. 19 19 6 31 0 1968830 1995639 2675 3706 89174 102401 2958 2060679 2104704 70000 0 0 302900 382867 0 115608 149220 234789 522120 617656 1538559 1487048 7589316 9268255 728085 913820 6861231 8354435 X ISLAND HOUSING TRUST PROMOTES VIABLE, YEAR-ROUND ISLAND COMMUNITIES BY ADVANCING PERMANENT WORKFORCE HOUSING ON MOUNT DESERT ISLAND, MAINE. false false 287414 3706 IN 2025, ISLAND HOUSING TRUST (IHT) BEGAN INFRASTRUCTURE WORK FOR A NEW NINE-HOME WORKFORCE HOUSING DEVELOPMENT IN THE TOWN OF MOUNT DESERT, REPRESENTING AN EXPANSION OF A PREVIOUSLY COMPLETED AFFORDABLE HOUSING NEIGHBORHOOD. IHT ALSO COMPLETED CONSTRUCTION OF TWO HOMES THAT HAD BEEN ACQUIRED AS UNFINISHED STRUCTURES. THESE HOMES ARE EXPECTED TO BE OFFERED FOR SALE IN 2026 AT BELOW-MARKET PRICES AFFORDABLE TO HOUSEHOLDS EARNING UP TO 140% OF AREA MEDIAN INCOME. ADDITIONALLY, IHT RECEIVED A DONATED PARCEL OF LAND IN THE VILLAGE OF NORTHEAST HARBOR THAT IS BEING HELD FOR FUTURE AFFORDABLE HOUSING DEVELOPMENT. THROUGHOUT THE YEAR, IHT CONTINUED STEWARDSHIP OF ITS EXISTING AFFORDABLE HOUSING PORTFOLIO, INCLUDING THE RESALE OF TWO HOMES UNDER COVENANT, AND PURSUED OPPORTUNITIES TO EXPAND THE SUPPLY OF PERMANENTLY AFFORDABLE YEAR-ROUND HOUSING FOR LOCAL RESIDENTS. 287414 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 6 true false false false false false false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false X SHERRY BILLINGS 2072448011 1366 HWY 102 BAR HARBOR ME 04609 MARLA O'BYRNE ED THRU 10/3 40.00 X 84828 0 2648 SHERRY BILLINGS EXECUTIVE DI 40.00 X 24521 0 3271 JEANNIE ANDERSON DIRECTOR 2.00 X 0 0 0 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 HEATHER RICHARDS EVANS DIRECTOR 2.00 X 0 0 0 LYDIA GOETZE DIRECTOR 5.00 X 0 0 0 JAMES GREEN VICE PRESIDE 10.00 X X 0 0 0 JOANNE HARRIS DIRECTOR 2.00 X 0 0 0 JOHN C HENRY DIRECTOR 2.00 X 0 0 0 SANDY JOHNSON TREASURER 4.00 X X 0 0 0 MARY MCCALL DIRECTOR 2.00 X 0 0 0 DANIEL MCKAY DIRECTOR 2.00 X 0 0 0 THOMAS NELSON DIRECTOR 2.00 X 0 0 0 LISA NITZE DIRECTOR 2.00 X 0 0 0 KENDRA RAND SECRETARY 2.00 X X 0 0 0 RHONDA SAWYER DIRECTOR 2.00 X 0 0 0 CASEY VAN DER STRICHT 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 109349 5919 false false false 167693 1827946 243776 1995639 LAND LEASE 2535 2535 PROGRAM RELATED SALES 1171 1171 3706 100185 100185 79945 77729 2216 2216 2216 MISCELLANEOUS 1758 1758 BUILDING RENT 1200 1200 2958 2104704 6664 102401 115400 38659 72125 4616 199488 94367 61449 43672 44582 19382 17654 7546 23397 9920 9843 3634 934 396 393 145 11721 11721 11547 675 10599 273 2398 239 1909 250 50310 13720 9801 26789 16260 6894 6841 2525 53211 53211 1907 1907 18101 11605 6496 BAD DEBT 22758 15 22743 PROJECT EXPENSES 21843 21843 JONES MARSH EXPENSES 7908 7908 EVENT EXPENSE 5210 1699 283 3228 10681 4989 5505 187 617656 287414 214634 115608 3109250 3504694 1352973 1130700 355 199563 9660 255994 104113 1907 102206 92920 105566 3024158 3969532 7589316 9268255 38085 223820 690000 690000 728085 913820 X 4253893 4806938 2607338 3547497 6861231 8354435 7589316 9268255 1487048 6156 X false true X true false X 2725393 671970 1096247 1968830 1995639 8458079 2725393 671970 1096247 1968830 1995639 8458079 1336910 7121169 2545 3431 30359 95839 100185 232359 8690438 12125 0.81940 0.79780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 104113 1907 102206 102206 LAND HELD IN PERPETUITY 2604367 C PROGRAM REAL ESTATE 1365165 C 3969532 2110860 6156 6156 2104704 2104704 617656 617656 617656 X 5 41583 MEAN VALUE X 1 200000 APPRAISAL X CAPITAL ASSET 1 2193 COST false false false FORM 990, PAGE 2, PART III, LINE 4A IN 2025, ISLAND HOUSING TRUST (IHT) BEGAN INFRASTRUCTURE WORK FOR A NEW NINE-HOME WORKFORCE HOUSING DEVELOPMENT IN THE TOWN OF MOUNT DESERT, REPRESENTING AN EXPANSION OF A PREVIOUSLY COMPLETED AFFORDABLE HOUSING NEIGHBORHOOD. IHT ALSO COMPLETED CONSTRUCTION OF TWO HOMES THAT HAD BEEN ACQUIRED AS UNFINISHED STRUCTURES. THESE HOMES ARE EXPECTED TO BE OFFERED FOR SALE IN 2026 AT BELOW-MARKET PRICES AFFORDABLE TO HOUSEHOLDS EARNING UP TO 140% OF AREA MEDIAN INCOME. ADDITIONALLY, IHT RECEIVED A DONATED PARCEL OF LAND IN THE VILLAGE OF NORTHEAST HARBOR THAT IS BEING HELD FOR FUTURE AFFORDABLE HOUSING DEVELOPMENT. THROUGHOUT THE YEAR, IHT CONTINUED STEWARDSHIP OF ITS EXISTING AFFORDABLE HOUSING PORTFOLIO, INCLUDING THE RESALE OF TWO HOMES UNDER COVENANT, AND PURSUED OPPORTUNITIES TO EXPAND THE SUPPLY OF PERMANENTLY AFFORDABLE YEAR-ROUND HOUSING FOR LOCAL RESIDENTS. 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.