Kennebunkport Heritage Housing Trust

Nonprofit profile at a glance

EIN
832830911
IRS 990-EZ coverage
2022–2025
Forms available
Form 990 2023, Form 990-EZ 2025
Location
Kennebunkport, ME, USA
Phone
2074322541
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$147,614
Expenses
$115,544
Assets
$71,200
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • Larissa Crockett (Executive Director (non-voting))
  • Thomas McClain (President and Director)
  • Ira Camp (Vice President and Director)

People named in this filing

  • Larissa Crockett (Executive Director (non-voting))
  • Thomas McClain (President and Director)
  • Ira Camp (Vice President and Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide and maintain affordable housing in Kennebunkport, Kennebunk, and Arundel.

What it reported doing in 2025

In a joint project with KHHT2, KHHT helped acquire a donation of land to KHHT2 from the town of Kennebunkport, Maine. The organizations are building 6 affordable housing units on this approximately 5-acre parcel with sale of the units to qualified buyers targeted for 2nd quarter 2026. KHHT 2 manages the project finances. KHHT's executive director serves in the developer role: overseeing the builder, obtaining permits and approvals from the town, obtaining state grants to assist buyers, seeking and qualifying potential buyers, and other tasks.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 93
  • Sustainability: 56
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.3%; rating input score 0
  • Program expense ratio: 0.4%; rating input score 0

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 3rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 21.7%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 64.9%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -103.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -16.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 0.3% of revenue deployed · 0.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $469 in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.