Kennebunkport Heritage Housing Trust 2
- Assets
- $430.4k
- Revenue
- $162.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Kennebunkport, ME
- Founding
- Data as of
- 12/2023
- EIN
- 84-1869040
Organization Overview
Kennebunkport Heritage Housing Trust 2 is located in Kennebunkport, ME. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kennebunkport Heritage Housing Trust 2 is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Kennebunkport Heritage Housing Trust 2 generated $162.9k in total revenue. All expenses for the organization totaled $12.3k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MAINTAIN AFFORDABLE HOUSING IN KENNEBUNKPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A JOINT PROJECT WITH THE KENNEBUNKPORT HERITAGE HOUSING TRUST, THE KENNEBUNKPORT HERITAGE HOUSING TRUST 2 ACQUIRED A DONATION OF LAND FROM THE TOWN OF KENNEBUNKPORT, MAINE. THE ORGANIZATIONS PLAN TO BUILD 6 AFFORDABLE HOUSING UNITS ON THIS APPROXIMATELY 5 ACRE PARCEL STATING IN 2024 AND FINISHING IN 2025. SEE PART VII SUPPLEMENTAL INFORMATION. THE EXPENSES WERE FOR LEGAL FEES TO DATE TO ENSURE CLEAR TITLE TO THE PROPERTY.
IDENTIFICATION OF ADDITIONAL POTENTIAL SITE IN KENNEBUNKPORT FOR BUILDING MOREAFFORDABLE HOUSING UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larissa Crockett Executive Director (non-Voting) | Trustee | 0 | $0 |
Julie Grady President And Director | OfficerTrustee | 10 | $0 |
Patrick Clancy Vice-President And Director | OfficerTrustee | 10 | $0 |
Tom Mclain Secretary And Director | OfficerTrustee | 10 | $0 |
David Kling Treasurer And Director | OfficerTrustee | 10 | $0 |
Patrick Briggs Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $37,000 |
| Government grants | $123,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $123,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $160,900 |
| Total Program Service Revenue | $1,999 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $162,899 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,336 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $12,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $398,500 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,437 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $31,937 |
| Paid-in or capital surplus, or land, building, or equipment fund | $398,500 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $430,437 |