Overview
What is Monhegan Island Sustainable Community Association?
Monhegan Island Sustainable Community Association (MISCA) is a community-oriented nonprofit based in Monhegan, Maine. Its primary mission is to ensure the availability of affordable housing and business opportunities for low-to-moderate-income residents on the island. MISCA operates as a community land trust, dedicating its efforts to providing year-round housing options for individuals who might otherwise struggle to afford such living arrangements. Furthermore, MISCA also offers spaces for community activities, contributing to the overall sustainability and vitality of the local community.
Official website here: www.miscainfo.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating
The Monhegan Island Sustainable Community Association has received a Three-Star rating from Charity Navigator, reflecting an overall score of 76%. This score is derived solely from accountability and finance metrics, indicating a solid financial foundation and adherence to specific governance standards. The association has a strong independent board, with 100% of its members being independent, and a favorable liabilities to assets ratio of 8.88%, showcasing its financial health.
However, the organization does have notable areas for improvement. While it excels in several aspects of governance, such as having no material diversion of assets and maintaining transparency by listing its website on tax forms, it lacks essential policies. Specifically, there is no conflict of interest policy, whistleblower policy, or document retention and destruction policy in place, which could raise concerns about oversight and ethical standards.
Despite these limitations, the organization demonstrates a commitment to using a significant portion of its budget for program expenses, with 82.53% allocated in its most recent fiscal year. This focus on programmatic spending suggests that the association is dedicated to its mission, even as it works to enhance its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Monhegan Island Sustainable Community Association legitimate?
Monhegan Island Sustainable Community Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monhegan Island Sustainable Community Association 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: $5,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.miscainfo.com
What is the mission statement of Monhegan Island Sustainable Community Association?
The Monhegan Island Sustainable Community Association serves as a community land trust, dedicated to providing year-round housing opportunities for individuals with moderate to low incomes. This organization is instrumental in ensuring that these residents, who might otherwise be unable to afford housing, have access to suitable dwellings. Beyond housing, the association also maintains properties on Monhegan Island, providing affordable business opportunities for its year-round residents. Additionally, the Monhegan Island Sustainable Community Association offers spaces for civic activities, contributing to the overall community's well-being.
Official website here: www.miscainfo.com
Who is the CEO of Monhegan Island Sustainable Community Association?
Mia Boynton is the Vice Preside of Monhegan Island Sustainable Community Association.
Official website here: www.miscainfo.com
What is the revenue of Monhegan Island Sustainable Community Association?
Monhegan Island Sustainable Community Association's revenue in 2022 was $183,918.
Official website here: www.miscainfo.com
Who are the executives of Monhegan Island Sustainable Community Association and what are their salaries?
There 15 volunteers at Monhegan Island Sustainable Community Association.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $2,600
- Compensation: $0
- Related: $0
- Other: $2,640
Official website here: www.miscainfo.com
Where can I find the form 990 for Monhegan Island Sustainable Community Association?
Monhegan Island Sustainable Community Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.miscainfo.com
Learn more at the official website: www.miscainfo.com
Mission Statement of Monhegan Island Sustainable Community Association
Monhegan Island Sustainable Community Association, often referred to as MISCA, plays a vital role in ensuring year-round housing for low-to-moderate-income residents. This community land trust recognizes that affordability is a significant challenge for many individuals, and it strives to bridge this gap. By providing and maintaining properties, MISCA offers both housing and business opportunities to those who might otherwise struggle to secure them. Furthermore, this nonprofit organization extends its support beyond housing by providing space for civic activities, fostering a sense of community engagement and participation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Monhegan Island Sustainable Community Association (MISCA) significantly enhances the quality of life for low-to-moderate-income residents by providing essential year-round housing options that would otherwise be unaffordable. The organization maintains properties on Monhegan Island that not only serve as affordable housing but also create business opportunities, thereby fostering a sustainable local economy. By offering space for civic activities, MISCA strengthens community engagement and supports a vibrant, connected island community. Its efforts are crucial in ensuring that Monhegan Island remains a viable and welcoming place for residents year-round.
This information is meant to be a general summary of Monhegan Island Sustainable Community Association. 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 2022.
- Investment Income: $63
- Program Service Revenue: $41,545
- Gross Receipts: $184,064
Assets and Liabilities:
- Total Assets: $1,816,182
- Total Liabilities: $116,148
- Net Assets: $1,700,034
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ODOM WAY CONDO RENTAL
Revenue
$21,309
MONHEGAN AVENUE
Revenue
$15,216
MAIN ST SNUG HARBOR & STORE
Revenue
$5,020
Organization Details
Founding Year
2002
Phone
(207) 594-1778Principal Officer
Mia Boynton
Main Address
PO BOX 303, MONHEGAN, ME, 04852
Website
www.miscainfo.comNTEE Category
Code: L20 - Housing
If you are a representative of Monhegan Island Sustainable Community Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.