2025-07-10T10:13:56-05:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2024-01-01 020549245 ISLAND HOUSING TRUST CORPORATION ISLA 5086931117 PO BOX 779 WEST TISBURY MA 02575 PHILIPPE JORDI EXECUTIVE DIRECTOR 5086931117 2025-07-08 1 1 JOLANTA TUCK P01340068 7813803520 2025-07-07 2024 2025-03-06 01:10:19Z PHILIPPE JORDI PO BOX 779 WEST TISBURY MA 02575 11264008 0 X WWW.IHTMV.ORG X 2002 MA TO OWN AND LEASE LAND FOR THE PURPOSE OF DEVELOPING, BUILDING AND MAINTAINING AFFORDABLE HOUSING. 13 13 12 39 0 0 4315486 8340544 1261727 1423584 113738 135369 99903 172465 5790854 10071962 90135 400000 0 0 1384045 1436317 0 124488 360816 2909719 3161174 4383899 5121979 1406955 4949983 39963181 46644818 14320969 16041452 25642212 30603366 TO OWN AND LEASE LAND FOR THE PURPOSE OF DEVELOPING, BUILDING AND MAINTAINING AFFORDABLE HOUSING ON MARTHA'S VINEYARD, MASSACHUSETTS. 0 0 2056454 400000 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. 1660816 1513012 RENTAL PROGRAMS - ENSURE THAT RENTAL PROPERTIES ARE WELL MAINTAINED, PROPERLY MANAGED AND FINANCIALLY SELF-SUSTAINABLE. 299588 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. 4016858 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 40 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X PHILIPPE JORDI 5086931117 PO BOX 779 WEST TISBURY MA 02575 PAMELA CRAVEN PRESIDENT 2.00 X X 0 0 0 JOHN SCHAEFER VICE PRESIDENT 2.00 X X 0 0 0 DOUG RUSKIN CLERK (UNTIL 3/24) 1.00 X X 0 0 0 JAMES HANRAHAN DIRECTOR/CLERK (AS OF 3/24) 2.00 X X 0 0 0 NORMAN WERTHWEIN TREASURER 2.00 X X 0 0 0 BOB EGERTON VICE TREASURER 2.00 X X 0 0 0 BARBARA BELLISSIMO DIRECTOR 1.00 X 0 0 0 BEVERLY WRIGHT DIRECTOR 1.00 X 0 0 0 DELOS LANDER DIRECTOR 1.00 X 0 0 0 JANE HAWKES DIRECTOR 1.00 X 0 0 0 JASON MAZAR-KELLY DIRECTOR 1.00 X 0 0 0 KAREN TEWHEY DIRECTOR 1.00 X 0 0 0 LISA BERKOWER DIRECTOR 1.00 X 0 0 0 VICTORIA HAESELBARTH DIRECTOR 1.00 X 0 0 0 WENDY WOLF DIRECTOR (UNTIL 3/24) 1.00 X 0 0 0 PHILIPPE JORDI EXECUTIVE DIRECTOR 40.00 X 168203 0 33040 TERESE BERNERT DIRECTOR OF REAL ESTATE 40.00 X 123528 0 9931 KEITH MCGUIRE PROJECT DEVELOPMENT DIRECTOR 40.00 X 120703 0 24136 ELLEN BISKIS CONTROLLER 40.00 X 117650 0 32229 BREEZE TONNESEN COO & COMMUNICATIONS DIRECTOR 37.50 X 116782 0 14201 646866 0 113537 5 0 1 0 UNION STUDIO ARCHITECTURE & COMMUNITY DE 160 MATHEWSON STREET SUITE 201 PROVIDENCE RI 02903 ARCHITECTURAL DESIGN SERVICES 279735 JOANNA MCCARTHY 8 EAST DIVISION STREET HOLBROCK MA 02343 PROFESSIONAL FUNDRAISER 124488 2 3425479 4915065 189424 8340544 RENTAL INCOME 531390 1379784 1379784 GROUND LEASE INCOME 531190 43800 43800 1423584 74443 74443 152972 1100000 9009 1183037 143963 -83037 60926 -83037 143963 172465 172465 172465 10071962 1513012 0 218406 400000 400000 201243 103471 76922 20850 977362 502518 373580 101264 14585 7499 5575 1511 152923 78626 58453 15844 90204 46379 34479 9346 92806 92806 3203 3203 55855 26531 15360 13964 124488 124488 13946 13946 83715 36472 25556 21687 279076 250117 17694 11265 19938 9470 5483 4985 893622 813061 74097 6464 8452 4015 2324 2113 5619 5619 685359 653345 32014 CREDIT LOSS EXPENSE 992548 992548 EVENT EXPENSE 27035 27035 5121979 4016858 744305 360816 2410092 3414098 4080959 1447330 2835524 5386340 79880 112490 199472 26761 850 0 32615617 2926789 26755078 29688828 3577870 9009 0 3592317 2991101 39963181 46644818 50336 271947 13036633 13560505 1234000 2209000 14320969 16041452 X 22664775 24533810 2977437 6069556 25642212 30603366 39963181 46644818 4949983 11171 0 X 0 1 X 1 0 X 4683568 5044194 4923653 4315486 8340544 27307445 711466 727756 761890 1261727 1423584 4886423 5395034 5771950 5685543 5577213 9764128 32193868 67650 205000 335000 607650 0 67650 205000 335000 607650 31586218 2844 1835 7777 113738 74443 200637 2844 1835 7777 113738 74443 200637 5002 5051 2701 99903 172465 285122 5402880 5778836 5696021 5790854 10011036 32679627 0.96650 0.97940 0.00610 0.00520 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 5,002. 2021 AMOUNT: $ 5,051. 2022 AMOUNT: $ 2,701. 2023 AMOUNT: $ 99,903. 2024 AMOUNT: $ 172,465. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6403912 6403912 26193271 2908355 23284916 9637 9637 0 8797 8797 0 29688828 LAND HELD FOR DEVELOPMENT 2991101 2991101 X 10098171 11171 28984 40155 10058016 13946 13946 10071962 5137017 28984 28984 5108033 13946 13946 5121979 PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURES IN THE FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION'S INFORMATION/TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. X X X X 1 JOANNA MCCARTHY 8 EAST DIVISION STREET HOLBROCK MA 02343 PROFESSIONAL FUNDRAISING/GRANT WRITING SERVICES 0 1380500 124488 1256012 1380500 124488 1256012 MA 1 ISLAND AUTISM GROUP INC PO BOX 2786 EDGARTOWN MA 02539 300661116 400000 0 CONTINUING DEVELOPMENT OF CAMPUS 1 0 PART I, LINE 2: THE ORGANIZATION MONTIORS USE OF GRANTS THROUGH ITS GRANT TRACKING SYSTEM. X 0 0 0 0 0 0 0 0 0 PHILIPPE JORDI EXECUTIVE DIRECTOR 168203 0 0 0 0 0 3310 0 29730 0 201243 0 0 0 X 19624 FAIR MARKET VALUE X 5 165955 FAIR MARKET VALUE X EVENT TICKETS 1 3845 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE RETURN AND ONCE IT IS APPROVED, THE RETURN IS FURNISHED TO THE FULL BOARD BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY BY REQUIRING ALL DIRECTORS AND OFFICERS TO SIGN A CONFLICT OF INTEREST AND DISCLOSURE FORM ANNUALLY AND TO AFFIRMATIVELY DISCLOSE POTENTIAL CONFLICTS AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 THERE IS ONE OFFICER AND HIS COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, ANNUALLY. OTHER EMPLOYEES ARE REVIEWED BY LOOKING AT SIMILAR POSITIONS IN OTHER NOT FOR PROFITS. FORM 990, PART VI, SECTION C, LINE 19 UPON WRITTEN REQUEST SCOTTS GROVE LLC PO BOX 779 WEST TISBURY MA 02575 824432392 DEVELOPMENT OF LOW INCOME APARTMENTS MA 162492 3084783 ISLAND HOUSING TRUST CORPORATION HANOVER HOUSE LLC PO BOX 779 WEST TISBURY MA 02575 834106776 DEVELOPMENT OF LOW INCOME APARTMENTS MA 267585 2973106 ISLAND HOUSING TRUST CORPORATION PERLMAN HOUSE LLC PO BOX 779 WEST TISBURY MA 02575 843761655 DEVELOPMENT OF LOW INCOME APARTMENTS MA 139340 2569433 ISLAND HOUSING TRUST CORPORATION KUEHNS WAY LLC PO BOX 779 WEST TISBURY MA 02575 852308052 DEVELOPMENT OF LOW INCOME APARTMENTS MA 480418 11126710 ISLAND HOUSING TRUST CORPORATION BELLEVUE VETERANS' COMMUNITY LLC 247 STEVENS STREET SUITE E HYANNIS MA 02601 990602146 LOW INCOME HOUSING MA N/A RELATED 405313 0 1 0.50000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0