NORTHEAST HARBOR, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MOUNT DESERT 365, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $197K in total revenue in fiscal year 2025. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $624K exceeded revenue, resulting in a 217% operating deficit.
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.
COMMUNITY REVITALIZATION - MOUNT DESERT 365 (THE CORPORATION) ENGAGES IN ACTIVITIES TO PROMOTE COMMUNITY REVITALIZATION THAT IS GUIDED BY THE TOWN'S COMPREHENSIVE PLAN'S TOP THREE GOALS. THE OVERALL...
COMMUNITY REVITALIZATION - MOUNT DESERT 365 (THE CORPORATION) ENGAGES IN ACTIVITIES TO PROMOTE COMMUNITY REVITALIZATION THAT IS GUIDED BY THE TOWN'S COMPREHENSIVE PLAN'S TOP THREE GOALS. THE OVERALL GOAL IS TO HAVE MORE PEOPLE LIVING AND/OR WORKING IN THE TOWN ON A YEAR-ROUND BASIS. WE TAKE A MULTIPRONG APPROACH TOWARD THAT GOAL WITH FOCUSES ON HOUSING, BUSINESS AND NONPROFIT SUPPORT, AND COMMUNITY ENGAGEMENT. IN 2025, OUR MAJOR EFFORT WAS ON CREATING AND MAINTAINING YEAR-ROUND HOUSING. WE DESIGNED AND STARTED THE CONSTRUCTION AND SITEWORK FOR TWO HOMES THAT WILL BE SOLD IN 2026 TO YEAR-ROUND RESIDENTS IN PERPETUITY. WE ALSO HAD ANOTHER SIX HOME DEVELOPMENT ACHIEVE FINAL APPROVAL FROM THE LOCAL PLANNING BOARD AFTER A TWO YEAR APPEAL PROCESS, SO NOW DEVELOPMENT WORK CAN BEGIN. THROUGHOUT 2025, WE MAINTAINED THREE APARTMENTS LEASED OUT TO YEAR-ROUND RESIDENTS AT AFFORDABLE RENTAL RATES. IN SUPPORT OF LOCAL BUSINESSES, WE LEASED THREE COMMERCIAL SPACES AT AFFORDABLE RATES, PROVIDED TECHNICAL SUPPORT TO LOCAL SMALL BUSINESSES, AND HELPED CREATE REASONS FOR PEOPLE TO COME TO THE COMMERCIAL DISTRICT, CREATING FOOT TRAFFIC FOR LOCAL BUSINESSES. MANY OF THOSE OPPORTUNITIES WERE DEVELOPED IN COORDINATION WITH OTHER NONPROFITS BY PROVIDING FREE MEETING SPACE FOR THEIR EVENTS, MEETINGS, CLASSES OR DEVELOPING RECREATIONAL SPACES OVER THE WINTER. THESE EFFORTS ATTRACTED HUNDREDS OF PEOPLE FROM A SIGNIFICANT DISTANCE WHO WOULD NOT OTHERWISE TRAVEL HERE. THROUGHOUT 2025, WE ALSO LEASED LAND TO COLLEGE OF THE ATLANTIC, WHERE THEY HOUSED STUDENTS AND STAFF, AND ANOTHER LOT WAS LEASED TO A YEAR-ROUND FAMILY IN A SHARED-EQUITY HOUSING MODEL,KEEPING THAT HOME AFFORDABLE TO THE HOMEOWNERS. THE ORGANIZATION RECEIVED REVENUE FROM THE RENTAL PRPOERTIES THAT OFFSETS, BUT DOES NOT FULLY COVER, THE COSTS OF PROPERTY TAXES, INSURANCE, MANAGEMENT AND MAINTENANCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $197,032 | $2,720,261 | -0.9% |
| Expenses | $624,154 | $654,819 | 0.0% |
| Net Income | $-427,122 | $2,065,442 | -1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KATHLEEN MILLER | EXECUTIVE DI | 40.00 |
Officer
|
$147,667 | $9,216 | $156,883 |
| STEVE ANASTASIA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELIZA BISHOP | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES R BRIGHT | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIEL JAMES FALT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILDES HO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LINDSAY LUEDDEKE | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| PHILIP MORIARTY | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NADIA ROSENTHAL | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD SAVAGE | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| HENRY SCHMELZER | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $197,032 | $624,154 | $11,505,609 | $-427,122 |
| 2024 | $2,720,261 | $654,819 | $11,953,618 | $2,065,442 |
| 2023 | $327,745 | $652,273 | $9,908,522 | $-324,528 |
| 2022 | $159,519 | $628,130 | $10,254,728 | $-468,611 |
| 2021 | $1,510,012 | $623,655 | $10,747,370 | $886,357 |
| 2020 | $2,053,345 | $464,082 | $9,867,430 | $1,589,263 |
| 2019 | $1,047,706 | $431,211 | $7,731,009 | $616,495 |
| 2018 | $1,059,962 | $542,658 | $6,633,672 | $517,304 |
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