EIN 02-0549245

Island Housing Trust Corporation

IRS 501(c) type
501(c)(3)
Num. employees
13
City
West Tisbury
Year formed
2002
Most recent tax filings
2022-12-01
Description
Island Housing Trust Corporation develops, builds, and maintains affordable housing by owning and leasing land on Martha's Vineyard, Massachusetts. They create simple, durable, energy-efficient housing for both rental and ownership purposes that can be easily maintained for generations. Additionally, they build community awareness about their mission of preserving affordable housing on the island. The corporation is located in West Tisbury, MA.
Total revenues
$5,890,388
2022
Total expenses
$3,058,527
2022
Total assets
$36,550,950
2022
Num. employees
13
2022

Program areas at Island Housing Trust Corporation

Housing development - develop simple, durable, energy efficient Housing, both rental and ownership, that are designed and built to be truly affordable to purchase or rent and maintain for generations.
Communications - build community awareness, understanding of, and support for Island Housing Trust's mission of building and preserving permanently affordable Housing on martha's vineyard.
Rental programs - ensure that rental properties are well maintained, properly managed and financially self-sustainable.

Grants made by Island Housing Trust Corporation

GranteeGrant descriptionAmount
Island Autism GroupContinuing Development of Island Autism Center and Purchase of Land.$600,000

Who funds Island Housing Trust Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Combined Jewish Philanthropies of Greater BostonDaf - Housing$1,150,500
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$993,950
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$993,950
...and 33 more grants received totalling $3,654,911

Personnel at Island Housing Trust Corporation

NameTitleCompensation
Philippe JordiChief Executive Officer$141,287
Teri BernertDirector of Real Estate
Louise O'BrienOffice Manager
Arielle FariaProject and Program Development Manager
Pam ScottController
...and 7 more key personnel

Financials for Island Housing Trust Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,923,653
Program services$761,890
Investment income and dividends$7,777
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$194,367
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$2,701
Total revenues$5,890,388

Form 990s for Island Housing Trust Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-06-30990View PDF
2021-122022-05-09990View PDF
2020-122021-05-21990View PDF
2019-122020-09-25990View PDF
2018-122019-11-08990View PDF
...and 8 more Form 990s
Data update history
May 18, 2024
Received grants
Identified 4 new grant, including a grant for $12,500 from Gretchen V and Samuel M Feldman Private Foundation
December 27, 2023
Received grants
Identified 10 new grant, including a grant for $50,000 from Yaverland Foundation
September 27, 2023
Received grants
Identified 3 new grant, including a grant for $10,000 from The Ellen and Andrew G Celli Foundation
August 23, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 19, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donations
General information
Address
PO Box 779
West Tisbury, MA 02575
County
Dukes County, MA
Website URL
ihtmv.org/ 
Phone
(508) 693-1117
IRS details
EIN
02-0549245
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
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