ISLAND HOUSING TRUST

BAR HARBOR, ME | Hancock County
Affordable Housing

Overview

ISLAND HOUSING TRUST
22-2993615
1366 ME-102
BAR HARBOR, ME 04609
Hancock County
(207) 244-8011

Mission Statement info

ISLAND HOUSING TRUST (IHT) PROMOTES VIABLE, YEAR-ROUND ISLAND COMMUNITIES BY ADVANCING PERMANENT WORKFORCE HOUSING ON MOUNT DESERT ISLAND, MAINE.

Founded info
1989
Total Employees info
4
Total Volunteers info
40
CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Nonprofit Classification (NTEE Code) info
L20

L - Housing, Shelter

Housing Development, Construction & Management

Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.

IRS Activity Codes info
200
Business promotion
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
624229
Other Community Housing Services

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$0.9M
Revenue
$0.9M
Assets
$2M
Exempt Ruling Date info
1994-09
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
ME
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
1366 ME-102
BAR HARBOR, ME 04609
Hancock County
FIPS Geocoded Address info
NA
MSA/CBSA info
23
State info
009
County info
9659.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Not located in a CBSA.
Combined Statistical Area info
Not located in a CSA.
Metropolitan Division info
Not located in an MD.
Area Type info
Neither
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 10.33%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
9659.00 Hancock County
Population
Total Population 5,296 54,601
Total Households 2,410 23,661
Income
Median Family Income (Census*) $68,707 $57,178
Median Family Income (2019 FFIEC) $64,800 N/A
Tract Income Percentage 125.23% N/A
Below Poverty Level 12.5% 10.8%
Unemployment Level 9.1% 4.1%
Housing
Total Housing Units 3,484 41,260
Total Owner-Occupied Units 39.4% 76.3%
Total Renter-Occupied Units 29.8% 23.7%
Total Vacant Units 30.8% 8.2%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

16
Total Voting Members
in Governing Body
info
16
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Edith Deedie Bouscaren
President
(207) 244-8011
Principal Officer info
Edith Deedie Bouscaren
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.