Mount Desert 365
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$12.0M
+20.6% YoY
Annual Giving
—
Grant Count
0
Avg Grant Size
—
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,953,618 | $9,908,522 | $10,254,728 |
| Revenue | $2,720,261 | $327,745 | $159,519 |
| Expenses | $654,819 | $652,273 | $628,130 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $75,135 | $105 | $369 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Mount Desert 365 fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN MILLER | EXECUTIVE DI | 40 | $143,820 |
| RODNEY EASON | DIRECTOR | 2 | — |
| DANIEL JAMES FALT | TREASURER | — | — |
| H WINSTON HOLT IV | DIRECTOR | 2 | — |
| PHILIP MORIARTY | PRESIDENT /T | 2 | — |
| MITCHELL RALES | SECRETARY | 2 | — |
| STEVEN RALES | PRESIDENT | 2 | — |
| NADIA ROSENTHAL | SECRETARY | 2 | — |
| RICHARD SAVAGE | PRESIDENT | 2 | — |
| HENRY SCHMELZER | TREASURER | 2 | — |
| C SCOTT BRANNAN | ASST. TREASU | 6 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
States
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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