Overview
What is Islesboro Affordable Property?
Islesboro Affordable Property (IAP) is a nonprofit organization situated in Islesboro, Maine. Their primary mission is to support the growth and sustainability of the community by ensuring affordable housing options for low and moderate-income residents. IAP accomplishes this by actively building houses for sale or rent, monitoring the private real estate market, and securing funds from various sources to bolster their program. By doing so, IAP aims to provide suitable living spaces for families and individuals who are committed to integrating into and contributing to the community's daily life.
Is Islesboro Affordable Property legitimate?
Islesboro Affordable Property is a legitimate nonprofit organization registered as a 501(c)(3) entity. Islesboro Affordable Property submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Islesboro Affordable Property?
Islesboro Affordable Property (IAP) is dedicated to supporting the growth and success of a thriving year-round community. Their mission is achieved through a program that ensures appropriate housing is available for families and individuals who have made the community their permanent home, actively participate in local activities, and contribute significantly to daily life. IAP constructs houses for sale or rent, keeps an eye on the private real estate market, and raises funds from various sources to fund their initiatives.
Who is the CEO of Islesboro Affordable Property?
Susan Crater is the President of Islesboro Affordable Property.
What is the revenue of Islesboro Affordable Property?
Islesboro Affordable Property's revenue in 2023 was $382,599.
Who are the executives of Islesboro Affordable Property and what are their salaries?
The average compensation at Islesboro Affordable Property during 2023 was $52,000. There is 1 employee at Islesboro Affordable Property.
Here are 10 key members and their salaries:
- Compensation: $52,000
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Where can I find the form 990 for Islesboro Affordable Property?
Islesboro Affordable Property's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Islesboro Affordable Property
Islesboro Affordable Property (IAP) is committed to contributing to the long-term vitality and success of Islesboro as a thriving year-round community. To achieve this objective, IAP undertakes various initiatives. Primarily, the organization strives to ensure that suitable housing is readily available for families and individuals who have chosen to settle in Islesboro permanently, actively participating in community activities and playing a crucial role in the daily life of the community.
In pursuit of its mission, IAP engages in several activities. It constructs houses for sale or rental, serving as a reliable source of housing for eligible residents. Furthermore, IAP keeps a close watch on the local real estate market, providing valuable insights and support. Lastly, the organization generates funds from both private and public sources to bolster its program, ensuring its continued effectiveness in meeting the housing needs of the community.
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Impact
October, 2024
Islesboro Affordable Property has significantly impacted the community by ensuring the availability of affordable housing for low and moderate-income residents. This initiative is vital for maintaining Islesboro’s vitality and fostering a successful year-round community. By developing homes for sale or rent, Islesboro Affordable Property provides essential housing options for families and individuals who contribute to the community's daily life.
The organization actively monitors the local real estate market to assess housing needs and works to secure funding from private and public sources to support their programs. This approach not only stabilizes housing costs but also encourages community participation and engagement among residents. Through its efforts, Islesboro Affordable Property plays a crucial role in creating a sustainable community environment, allowing essential workers and families to make Islesboro their permanent home.
This information is meant to be a general summary of Islesboro Affordable Property. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,291
- Program Service Revenue: $49,435
- Gross Receipts: $506,346
Assets and Liabilities:
- Total Assets: $1,746,980
- Total Liabilities: $498,930
- Net Assets: $1,248,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rent - 143 Reeby Road
Revenue
$7,525
Rent - 145 Reeby Road
Revenue
$7,525
Rent - Mazza
Revenue
$9,100
Rent - RJS #2 House
Revenue
$7,200
Rent-Pendleton Point Rd
Revenue
$8,150
Organization Details
Founding Year
1988
Phone
(207) 734-2299Principal Officer
Susan Crater
Main Address
PO Box 206, Islesboro, ME, 04848
NTEE Category
Code: L20 - Housing
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