ISLESBORO AFFORDABLE PROPERTY Charity Report

Public IRS 990 nonprofit record

ISLESBORO AFFORDABLE PROPERTY

EIN 22-2996309 · Housing Development, Construction & Management (L20)

What they do

The Mission of Islesboro Affordable Property (IAP) is to Help In The Maintenance and Growth of Islesboro As A Vital and Successful Year-round Community. Our Program, to Carry Out That Mission, is to Do All We Can to Insure That Good Housing is Available for Families and Individuals Who Are Making Islesboro Their Permanent Home, Who Participate or Will Participate In Community Activities and In Particular, for Families and Individuals Whose Work is An Essential Part of The Day-to-day Life On Islesboro. IAP Builds Houses for Sale or Rent. We Monitor The Private Real Estate Market. We Raise Funds From Private and Public Sources to Underwrite Our Program.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $59.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

42.27%of revenue went to mission work59.6% of expenses · Program services

4.78%of revenue went to fundraising6.7% of expenses

$70.97spent for every $100 of revenueRevenue covered expenses this year.

23.91%of revenue went to management and office costs33.7% of expenses

$12.53in assets for every $1 spent this yearSome assets cannot be spent right away.

73.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $52,000 for RICK ROGERS (EXECUTIVE DIREC). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$196,658

Mission workProgram services$83,13542.27% of revenue59.6% of expenses

ManagementOffice and general costs$47,02523.91% of revenue33.7% of expenses

FundraisingAsking for donations$9,4074.78% of revenue6.7% of expenses

Revenue left after expensesReported annual surplus$57,09129.03% of revenueShown in gray on the chart

Total expenses$139,56770.97% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 59.6% mission · 33.7% management · 6.7% fundraisingTotal expenses: 70.97% of revenue

2022Expense mix: 60.2% mission · 32.8% management · 7.0% fundraisingTotal expenses: 37.04% of revenue

2021Expense mix: 62.5% mission · 31.4% management · 6.2% fundraisingTotal expenses: 103.45% of revenue

2020Expense mix: 62.4% mission · 31.0% management · 6.6% fundraisingTotal expenses: 100.71% of revenue

2019Expense mix: 62.9% mission · 30.3% management · 6.9% fundraisingTotal expenses: 97.78% of revenue

2018Expense mix: 63.1% mission · 30.0% management · 6.9% fundraisingTotal expenses: 104.66% of revenue

2017Expense mix: 63.7% mission · 29.7% management · 6.6% fundraisingTotal expenses: 118.07% of revenue

2016Expense mix: 62.4% mission · 30.9% management · 6.7% fundraisingTotal expenses: 98.47% of revenue

Money in and money out

Revenue$196,658

Expenses$139,567

Annual surplus $57,091 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$83,135 · 59.6% of expenses

Management and office costs$47,025 · 33.7% of expenses

Fundraising$9,407 · 6.7% of expenses

See all reported dollar amounts

Revenue$196,658

Expenses$139,567

Assets$1,749,237

Income$196,658

Contributions$144,039

Mission work (program services)$83,135

Fundraising$9,407

Management and general$47,025

Executive compensation (total)$52,000

Accounting fees$5,115

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RICK ROGERSEXECUTIVE DIREC · 40 hrs/week $52,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

RICK ROGERSEXECUTIVE DIREC

ANDREW ALLENDIRECTOR

BARBARA TALAMODIRECTOR/CHAIR

BARRY WARRENDIRECTOR

EARL MACKENZIEDIRECTOR

HAVEN LADDINCOMING TREAS.

MARK UMBACHOUTGOING TREAS.

MARTHA SCHLAGERDIRECTOR

MATT SHARPDIRECTOR

SUSAN CRATERPRESIDENT

TODD CONKLINDIRECTOR

About this charity

Recognized since: January 1989
Location: PO Box 206, Islesboro, ME 04848
County: Waldo
In care of: Haven Ladd
Primary officer: Haven Ladd, Treasurer

How to reach them

Phone(207) 734-2299

Filing and classification

Latest tax year: 2023
Tax period began: July 1, 2023
Return type: 990
Tax preparer: MTA ACCOUNTING PA
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management