Overview
What is Mount Desert 365?
Mount Desert 365 is a nonprofit organization dedicated to revitalizing the commercial district of Mount Desert, Maine. Their primary mission involves promoting the restoration of the town's commercial area and providing affordable rental spaces to businesses that serve the year-round community. By leasing land to organizations like the College of the Atlantic, they contribute to the town's economy by fostering a year-round population and offering products and services that cater to local residents. Additionally, Mount Desert 365 aims to preserve and increase the supply of affordable workforce housing for year-round residents, ensuring it remains affordable for generations to come. They also work on implementing strategies to provide and preserve affordable housing in the commercial district, ultimately increasing the consumer base to support local businesses. With a team of three dedicated individuals, Mount Desert 365 is committed to enhancing the quality of life for the year-round community in Mount Desert, Maine.
Official website here: www.mountdesert365.org
Is Mount Desert 365 legitimate?
Mount Desert 365 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Desert 365 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: $134,070
Professional Fundraising Fees: $500
Other Salaries and Wages: $116,170
For more financial information, click here
Official website here: www.mountdesert365.org
What is the mission statement of Mount Desert 365?
Mount Desert 365, or the Corporation, is dedicated to serving charitable purposes, primarily focusing on alleviating government burdens and combating community deterioration. Their mission extends to preserving and increasing the availability of affordable housing for year-round residents and promoting economic revitalization in commercial areas negatively impacted by the loss of year-round residents. The organization ensures that the affordable housing remains so indefinitely, preventing acquisition by seasonal residents for vacation rentals. They acquire and develop mixed-use properties for rental at affordable rates to both residents and businesses on a year-round basis, thereby increasing the population of year-round residents, addressing the need for affordable rental housing, and supporting local businesses.
Official website here: www.mountdesert365.org
Who is the CEO of Mount Desert 365?
C Scott Brannan is the Director / President of Mount Desert 365.
Official website here: www.mountdesert365.org
What is the revenue of Mount Desert 365?
Mount Desert 365's revenue in 2022 was $159,519.
Official website here: www.mountdesert365.org
Who are the executives of Mount Desert 365 and what are their salaries?
The average compensation at Mount Desert 365 during 2022 was $83,413. There are 3 employees at Mount Desert 365.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $134,070
- Related: $0
- Other: $14,424
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mountdesert365.org
Where can I find the form 990 for Mount Desert 365?
Mount Desert 365's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountdesert365.org
Learn more at the official website: www.mountdesert365.org
Mission Statement of Mount Desert 365
Mount Desert 365, a charitable organization, is committed to alleviating the burdens of government and combating community deterioration in Mount Desert, Maine. The primary mission of this corporation is to preserve and boost the availability of affordable housing for year-round residents of the town. By doing so, Mount Desert 365 aims to revitalize commercial areas that have been adversely impacted due to the loss of year-round residents.
The organization's strategies include acquiring and developing mixed-use residential and commercial properties. These properties are then rented out on an affordable basis to both residents and businesses on a year-round basis. This initiative serves multiple purposes. Firstly, it increases the year-round population, providing a more sustainable community. Secondly, it addresses the urgent need for affordable rental housing options. Lastly, the provision of products and services to serve the year-round community, as well as supporting local businesses, helps to boost the consumer base. By ensuring that the acquired housing remains affordable in perpetuity, Mount Desert 365 prevents it from being utilized as vacation homes or seasonal rentals by summer residents.
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
Mount Desert 365 significantly impacts the town of Mount Desert, Maine, primarily through its commitment to commercial revitalization and affordable workforce housing. The organization actively engages in the restoration of the town's commercial district, ensuring that businesses can thrive year-round. By acquiring and developing commercial properties, Mount Desert 365 provides rental opportunities at affordable terms for businesses, fostering a vibrant local economy that serves the needs of year-round residents.
The initiative to increase the supply of affordable housing directly addresses community deterioration by preserving living spaces for residents who contribute to the town's economy and social fabric. This effort counters the trend of seasonal residents taking over housing stock, thus ensuring that these properties remain accessible to those who live and work in the area throughout the year.
In addition, Mount Desert 365's partnerships with organizations such as the College of the Atlantic facilitate not only the construction of essential infrastructure but also the creation of commercial operations and student housing. This development promotes a diverse and sustainable community, enhancing the overall quality of life.
Ultimately, the work of Mount Desert 365 promotes economic sustainability, increases the year-round population, and supports local businesses, which are integral to the community's vitality. Its focus on long-term affordable living solutions is crucial for maintaining a stable and engaged resident base, fostering an environment where both people and local businesses can prosper.
This information is meant to be a general summary of Mount Desert 365. 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: $369
- Program Service Revenue: $117,475
- Gross Receipts: $159,519
Assets and Liabilities:
- Total Assets: $10,254,728
- Total Liabilities: $998,552
- Net Assets: $9,256,176
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.
Rental income
Revenue
$117,475
Organization Details
Founding Year
2017
Phone
(207) 276-0555Principal Officer
C Scott Brannan
Main Address
PO BOX 636, NORTHEAST HARBOR, ME, 04662
Website
www.mountdesert365.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of Mount Desert 365 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.