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MOUNT DESERT 365

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Public nonprofit record

MOUNT DESERT 365

EIN 82-1645703 · Urban & Community Economic Development (S31)

What they do

MOUNT DESERT 365 (THE CORPORATION) ENGAGES IN ACTIVITIES to PRESERVE and INCREASE THE SUPPLY of AFFORDABLE WORKFORCE HOUSING for YEAR-ROUND RESIDENTS of MOUNT DESERT (THE TOWN) and PROMOTE ECONOMIC REVITALIZATION of COMMERCIAL AREAS ADVERSELY IMPACTED BY THE LOSS of YEAR- ROUND RESIDENTS. THE CORPORATION WILL INCREASE THE SUPPLY of AFFORDABLE HOUSING for SALE to YEAR-ROUND RESIDENTS, ENSURING THAT IT STAYS AFFORDABLE IN PERPETUITY and CANNOT BE ACQUIRED BY SUMMER RESIDENTS for SEASONAL USE or VACATION RENTALS. THE CORPORATION HAS ACQUIRED and WILL DEVELOP MIXED- USE RESIDENTIAL/COMMERCIAL PROPERTIES for RENTAL ON AFFORDABLE TERMS to RESIDENTS and BUSINESSES ON A YEAR-ROUND BASIS. THIS ACTIVITY WILL INCREASE THE YEAR-ROUND POPULATION of PEOPLE LIVING AND/OR WORKING IN THE VILLAGE, ADDRESS THE NEED for AFFORDABLE RENTAL RESIDENTIAL OPTIONS, PROVIDE PRODUCTS and SERVICES to SERVE THE YEAR-ROUND COMMUNITY AND/OR INCREASE THE CONSUMERBASE to SUPPORT LOCAL BUSINESSES.

Money

Financial picture

Tax year 2025
Revenue$197,032
Expenses$624,154
Assets$11,505,609
Income$2,720,261
Contributions$6,459
Grants given$55,000
Average grant$9,167
Management$150,123
Executive compensation$127,300
Accounting fees$2,863

About this charity

Recognized since
January 2017
Location
PO BOX 636, NORTHEAST HARBOR, ME 04662
County
Hancock
In care of
KATHLEEN MILLER
Primary officer
KATHLEEN MILLER, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2025
Tax period began
January 1, 2025
Return type
990
Tax preparer
HMV LLC
NTEE classification
Urban & Community Economic Development (S31)
IRS tax category
Urban & Community Economic Development
Grant-giving organization
Yes
More public IRS record details

These are classification codes from the organization’s public nonprofit record.

Subsection
03
Affiliation
3
Classification
1000
Deductibility
1
Foundation
15
Organization
1
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About this report: Information comes from public nonprofit records and may show the latest filing available.

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