Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
65 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
9 people listed on the 990; $134K paid to officers and key staff.
Kathleen Miller’s $148K as Executive Di is at the 90th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Kathleen Miller | $147,667 | $143,820 | — | — | — | — |
| Kathleen Miller | — | — | $139,401 | $134,070 | $129,528 | $127,300 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Combats community deterioration and lessens government burdens in Mount Desert, Maine.
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Commercial Revitalization
the Corporation engaged in activities to help promote the restoration and revitalization of the town's commercial district. The Corporation has acquired and developed commercial properties for rental on affordable terms to businesses that will operate year-round and provide products and services to serve the year-round residential…
Residential Revitalization
the Corporation aims to increase the supply of affordable workforce housing to year-round residents while ensuring that such housing will stay affordable in the future, and thus remain workforce housing perpetually.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $413K |
| Land, buildings, equipmentLn 10c | $9.6M | $9.8M |
| Total assetsLn 16 | $10.7M | $10.3M |
| LiabilitiesLn 26 | $1.0M | $999K |
| Net assetsLn 32 | $9.7M | $9.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $10K | $10K | ||
| Pay of current officers, directors and key staffLn 5 | $134K | $90K | $43K | $1K |
| Other salaries and wagesLn 7 | $116K | $58K | $19K | $39K |
| Other employee benefitsLn 9 | $22K | $13K | $5K | $4K |
| Payroll taxesLn 10 | $20K | $12K | $5K | $3K |
| Legal feesLn 11b | $17K | $13K | $3K | |
| Professional fundraising feesLn 11e | $500 | $500 | ||
| Other fees for servicesLn 11g | $21K | $21K | ||
| Office expensesLn 13 | $18K | $4K | $10K | $4K |
| InterestLn 20 | $57K | $38K | $19K | |
| Depreciation, depletion and amortizationLn 22 | $125K | $83K | $42K | |
| InsuranceLn 23 | $41K | $21K | $19K | |
| Other expenses (24a–d)Ln 24 | $48K | $46K | $2K | |
| Total functional expensesLn 25 | $628K | $410K | $167K | $51K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $197K | $624K | −$427K | $10.6M | 990 PDF |
| FY2024 | $2.7M | $655K | $2.1M | $11.0M | 990 PDF |
| FY2023 | $328K | $652K | −$325K | $8.9M | 990 PDF |
| FY2022 Viewing | $160K | $628K | −$469K | $9.3M | 990 PDF |
| FY2021 | $1.5M | $624K | $886K | $9.7M | 990 PDF |
| FY2020 | $2.1M | $464K | $1.6M | $8.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $159,519 across 6 lines filed
Part IX · Statement of functional expenses $628,130 across 13 lines filed
Part X · Balance sheet $10,254,728 assets, 10 lines filed
Part XI · Reconciliation of net assets $9,256,176 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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