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Nonprofit · EIN 92-1202640

VINALHAVEN HOUSING INITIATIVE

Tax-exempt · VINALHAVEN, ME 04863

Financials

$468K$35K2024
Revenue Expenses · by fiscal year end
Financials of VINALHAVEN HOUSING INITIATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$467,573$35,259$432,314$445,100$0$445,100
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$467,614
of which government grants
$338,344
Program service revenue
$0
Investment income
$0
Net rental income
-$41
Other revenue
-$41

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,931

Balance sheet and other

Total assets, start of year
$12,786
Total assets, end of year
$445,100
Total liabilities, end of year
$0
Net assets, end of year
$445,100
Land, buildings and equipment
$340,273
Net assets without donor restrictions
$445,100
Gross receipts
$472,795
Employees
0
Volunteers
10
Year formed
2023
State of legal domicile
ME

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Elin ElisofonPresident
Trustee or director, Officer
10$0
Kathi YoungVice President
Trustee or director, Officer
6$0
Hooper BrooksSecretary
Trustee or director, Officer
3$0
Duncan UrquhartTreasurer
Trustee or director, Officer
8$0
Kristin AlleyDirector
Trustee or director
2$0
Darline BeckmanDirector
Trustee or director
2$0
Beth NewboldDirector
Trustee or director
4$0
John MyerDirector
Trustee or director
3$0
Eric DavisDirector
Trustee or director
2$0
Brent GroceDirector
Trustee or director
1.5$0

Address and contacts

Address (IRS master file)
PO BOX 261, VINALHAVEN, ME 04863-0261
In care of
% ELIN ELISOFON
Mailing address (990-N for 2023)
PO Box 261, Vinalhaven ME 04863
Principal officer (990 for 2024)
Elin Elisofon, 37 MARSH RIVER RD, VINALHAVEN, ME 04863
Principal officer (990-N for 2023)
Elin Elisofon, PO Box 261, Vinalhaven ME 04863
Signed the 990
Duncan Urquhart, Treasurer
Phone
(207) 542-1243

Mission

The Vinalhaven Housing Initiative is devoted to creating year-round affordable and sustainable housing for residents workers and elders so that our island community may continue to thrive.

990 for the year ended December 31, 2024

Program accomplishments

  • Purchased 2-unit home for workforce housing
    grants $338,334

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990-N on file

IRS record

EIN
92-1202640
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$445,100
Income (IRS master file)
$472,795

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$467,573$35,259$445,100IRS
990-N for 2023
Officer: Elin Elisofon
December 31, 2023≤ $50,000 receipts––e-Postcard
990-N for 2022
Officer: Elin Elisofon
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-1202640).

Questions about VINALHAVEN HOUSING INITIATIVE

What is the EIN of VINALHAVEN HOUSING INITIATIVE?
The employer identification number (EIN) of VINALHAVEN HOUSING INITIATIVE is 92-1202640.
Is VINALHAVEN HOUSING INITIATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to VINALHAVEN HOUSING INITIATIVE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VINALHAVEN HOUSING INITIATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VINALHAVEN HOUSING INITIATIVE due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VINALHAVEN HOUSING INITIATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VINALHAVEN HOUSING INITIATIVE?
The 990 for the year ended December 31, 2024 names Elin Elisofon.
Who are the officers and directors of VINALHAVEN HOUSING INITIATIVE?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does VINALHAVEN HOUSING INITIATIVE have?
On its 990 for the year ended December 31, 2024 it reported revenue of $467,573, expenses of $35,259 and total assets of $445,100 at year end.

Other nonprofits in VINALHAVEN

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