Marsh Island Corporation C/O Housing Authority of Old Town

EIN: 043379136 501(c)(3) Housing & Shelter

Old Town, ME

Total Revenue
$67,997
Total Expenses
$1,328
Total Assets
$1,079,222
Net Assets
$1,079,222
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
ME
Principal Officer
Laurie Miller
Phone
2078276151
Tax Period
2024-04-01 to 2025-03-31

Marsh Island Corporation C/O Housing Authority of Old Town, founded in 1997, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2024. The organization ran a surplus of $67K, a strong 98% operating margin.

Mission

To develop, own and manage subsidized residential housing for qualified low income, elderly or disabled individuals.

Program Service Accomplishments

Program 1
Expenses: $1,328 Revenue: $0

Provide subsidized housing for low income, elderly or disabled persons.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $0
Investment Income $17,997
Other Revenue $0
TOTAL REVENUE $67,997

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,328
Other Expenses $1,328
TOTAL EXPENSES $1,328

Year-over-Year Comparison

2024 2023 Change
Revenue $67,997 $64,791 +0.0%
Expenses $1,328 $1,958 -0.3%
Net Income $66,669 $62,833 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$161,925
Total Directors
8
$161,925
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Sturgeon Chairman 0.25
Officer Director
$0 $0 $0
Betty Smart Vice Chairman 0.25
Officer Director
$0 $0 $0
Laurie Miller Secretary/Treasurer 0.25
Officer Director
$0 $35,552 $161,925
Susan Randall Board Member 0.25
Director
$0 $0 $0
Dennis Whitmore Board Member 0.25
Director
$0 $0 $0
David Thibodeau Board Member 0.25
Director
$0 $0 $0
Pamela Sirois Board Member 0.25
Director
$0 $0 $0
Lisa Tissari Board Member 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $67,997 $1,328 $1,079,222 $66,669
2024 $64,791 $1,958 $1,012,553 $62,833
2023 $3,804 $1,596 $949,720 $2,208
2022 $2,875 $2,870 $947,512 $5
2021 $53,816 $33,550 $948,507 $20,266
2020 $7,518 $12,959 $927,240 $-5,441
2019 $4,210 $7,016 $932,681 $-2,806
Explore More Nonprofits
→Top 100 Nonprofits in Maine →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Marsh Island Corporation C/O Housing Authority of Old Town with other nonprofits in Maine and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.