Islesboro Affordable Property
Islesboro Affordable Property: Consistent Operations, Modest Growth
EIN: 222996309 · Islesboro, ME · NTEE: L20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $197K |
| Total Expenses | $142K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Islesboro Affordable Property Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islesboro Affordable Property directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islesboro Affordable Property
Islesboro Affordable Property (EIN: 222996309) is a nonprofit organization based in Islesboro, ME, classified under NTEE code L20. The organization reported total revenue of $197K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islesboro Affordable Property's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islesboro Affordable Property is a small nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $383K |
| Total Expenses | $142K |
| Surplus / Deficit | +$241K |
| Total Assets | $1.7M |
| Total Liabilities | $499K |
| Net Assets | $1.2M |
| Operating Margin | 63.0% |
| Debt-to-Asset Ratio | 28.6% |
| Months of Reserves | 147.9 months |
Financial Health Grade: A
In 2023, Islesboro Affordable Property reported a surplus of $241K with revenue exceeding expenses, holds 147.9 months of operating reserves (strong position), has a debt-to-asset ratio of 28.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Islesboro Affordable Property's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +163.4% | -5.7% | +15.4% |
| 2022 | +2.6% | +5.4% | -1.9% |
| 2021 | -3.0% | -0.1% | -0.8% |
| 2020 | +3.7% | -3.1% | -0.5% |
| 2019 | +13.7% | +0.8% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Islesboro Affordable Property with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Islesboro Affordable Property allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $241K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.6%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Islesboro Affordable Property's IRS 990 filings:
- Lack of detailed program descriptions or impact metrics in the provided data makes it difficult to assess direct community benefit.
- Reliance on 990-EZ forms suggests a smaller operational scale, which may limit capacity for broader initiatives.
Strengths
The following positive indicators were identified for Islesboro Affordable Property:
- Consistent revenue generation over multiple years, demonstrating stable financial support.
- Healthy asset base, with total assets at $1,749,237 in 2023, providing financial stability.
- Zero reported executive compensation indicates efficient use of funds and a strong volunteer commitment.
- Low fundraising expenses, suggesting efficient donor acquisition and retention.
Frequently Asked Questions about Islesboro Affordable Property
Is Islesboro Affordable Property a legitimate charity?
Based on AI analysis of IRS 990 filings, Islesboro Affordable Property (EIN: 222996309) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Islesboro Affordable Property spend its money?
Islesboro Affordable Property directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Islesboro Affordable Property tax-deductible?
Islesboro Affordable Property is registered as a tax-exempt nonprofit (EIN: 222996309). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Islesboro Affordable Property CEO make?
Islesboro Affordable Property's highest-compensated officer earns $0 annually. The organization reported $197K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Islesboro Affordable Property's spending goes to programs?
Islesboro Affordable Property directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Islesboro Affordable Property compare to similar nonprofits?
With a transparency score of 75/100 (Good), Islesboro Affordable Property is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Islesboro Affordable Property located?
Islesboro Affordable Property is headquartered in Islesboro, Maine and files with the IRS under EIN 222996309. It is classified under NTEE code L20.
How many years of IRS 990 filings does Islesboro Affordable Property have?
Islesboro Affordable Property has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $197K in total revenue.
What does Islesboro Affordable Property do?
Islesboro Affordable Property is a nonprofit organization in the Housing & Shelter sector, located in Islesboro, Maine. It is classified under NTEE code L20.
How much revenue does Islesboro Affordable Property have?
Islesboro Affordable Property reported total revenue of $196,658. Based on 13 IRS 990 filings on record.
What are Islesboro Affordable Property's total assets?
Islesboro Affordable Property holds total assets of $1,749,237 as reported in IRS 990 filings.
Where is Islesboro Affordable Property located?
Islesboro Affordable Property is based in Islesboro, Maine.
What is Islesboro Affordable Property's EIN?
Islesboro Affordable Property's Employer Identification Number (EIN) is 222996309. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Islesboro Affordable Property?
Islesboro Affordable Property is classified under NTEE code L20 (Housing & Shelter).
Is Islesboro Affordable Property a registered 501(c)(3)?
Yes, Islesboro Affordable Property is recognized as a tax-exempt organization by the IRS. EIN: 222996309.
Does Islesboro Affordable Property file IRS Form 990?
Yes, Islesboro Affordable Property has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Islesboro Affordable Property's revenue in 2023?
In the 202306 filing period, Islesboro Affordable Property reported total revenue of $382,599, total expenses of $141,697, and net assets of $1,746,980.
Is Islesboro Affordable Property's revenue growing or declining?
Islesboro Affordable Property's revenue is growing. Revenue went from $145,250 (202206) to $382,599 (202306), a +163.4% change. Based on 13 filings on record.
What is Islesboro Affordable Property's most recent 990 filing?
The most recent IRS Form 990 filing for Islesboro Affordable Property covers tax period 202306. It shows revenue of $382,599, expenses of $141,697, total assets of $1,746,980, and liabilities of $498,930.
How much does Islesboro Affordable Property spend on programs vs administration?
Based on IRS 990 analysis, Islesboro Affordable Property allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Islesboro Affordable Property a trustworthy charity?
Based on AI analysis of IRS 990 data, Islesboro Affordable Property appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Islesboro Affordable Property?
The following concerns were identified: Lack of detailed program descriptions or impact metrics in the provided data makes it difficult to assess direct community benefit.. Reliance on 990-EZ forms suggests a smaller operational scale, which may limit capacity for broader initiatives.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Islesboro Affordable Property's strengths?
Positive indicators for Islesboro Affordable Property include: Consistent revenue generation over multiple years, demonstrating stable financial support.. Healthy asset base, with total assets at $1,749,237 in 2023, providing financial stability.. Zero reported executive compensation indicates efficient use of funds and a strong volunteer commitment.. Low fundraising expenses, suggesting efficient donor acquisition and retention.. These findings are derived from AI analysis of the organization's financial filings.
How does Islesboro Affordable Property compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or very low-cost leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent revenue and asset base, what specific affordable housing initiatives has Islesboro Affordable Property undertaken, and what is their measurable impact on the Islesboro community?
While the financial data shows stability, the provided information does not detail specific projects, number of units provided, or the demographic impact of their affordable housing efforts. Further investigation into their program activities would be necessary to answer this.
How does the organization manage to operate with $0 executive compensation, and what are the implications for its long-term sustainability and leadership succession?
The $0 executive compensation suggests a volunteer-driven model, which is commendable for efficiency. However, it raises questions about the reliance on volunteer leadership, potential for burnout, and the strategy for leadership transition and continuity, especially for an organization with significant assets.
Filing History
IRS 990 filing history for Islesboro Affordable Property showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Islesboro Affordable Property's revenue has grown by 45.7%, moving from $263K to $383K. Total assets increased by 26% over the same period, from $1.4M to $1.7M. Total functional expenses rose by 36.7%, from $104K to $142K. In its most recent filing year (2023), Islesboro Affordable Property reported a surplus of $241K, with revenue exceeding expenses. The organization holds $499K in liabilities against $1.7M in assets (debt-to-asset ratio: 28.6%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $383K | $142K | $1.7M | $499K | — | View 990 |
| 2022 | $145K | $150K | $1.5M | $507K | — | View 990 |
| 2021 | $142K | $143K | $1.5M | $532K | — | View 990 |
| 2020 | $146K | $143K | $1.6M | $543K | — | View 990 |
| 2019 | $141K | $147K | $1.6M | $554K | — | View 990 |
| 2018 | $124K | $146K | $1.6M | $565K | — | View 990 |
| 2017 | $145K | $142K | $1.7M | $622K | — | View 990 |
| 2016 | $142K | $144K | $1.7M | $634K | — | View 990 |
| 2015 | $164K | $146K | $1.7M | $692K | — | View 990 |
| 2014 | $142K | $149K | $1.7M | $707K | — | View 990 |
| 2013 | $134K | $152K | $1.7M | $720K | — | View 990 |
| 2012 | $116K | $122K | $1.8M | $747K | — | View 990 |
| 2011 | $263K | $104K | $1.4M | $335K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $383K, expenses of $142K, and assets of $1.7M (revenue +163.4% year-over-year).
- 2022: Revenue of $145K, expenses of $150K, and assets of $1.5M (revenue +2.6% year-over-year).
- 2021: Revenue of $142K, expenses of $143K, and assets of $1.5M (revenue -3.0% year-over-year).
- 2020: Revenue of $146K, expenses of $143K, and assets of $1.6M (revenue +3.7% year-over-year).
- 2019: Revenue of $141K, expenses of $147K, and assets of $1.6M (revenue +13.7% year-over-year).
- 2018: Revenue of $124K, expenses of $146K, and assets of $1.6M (revenue -14.4% year-over-year).
- 2017: Revenue of $145K, expenses of $142K, and assets of $1.7M (revenue +2.0% year-over-year).
- 2016: Revenue of $142K, expenses of $144K, and assets of $1.7M (revenue -13.4% year-over-year).
- 2015: Revenue of $164K, expenses of $146K, and assets of $1.7M (revenue +15.3% year-over-year).
- 2014: Revenue of $142K, expenses of $149K, and assets of $1.7M (revenue +5.7% year-over-year).
- 2013: Revenue of $134K, expenses of $152K, and assets of $1.7M (revenue +15.5% year-over-year).
- 2012: Revenue of $116K, expenses of $122K, and assets of $1.8M (revenue -55.7% year-over-year).
- 2011: Revenue of $263K, expenses of $104K, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islesboro Affordable Property:
Data Sources and Methodology
This transparency report for Islesboro Affordable Property is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.