ISLAND HOUSING TRUST CORPORATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ISLAND HOUSING TRUST CORPORATION (EIN 02-0549245)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-04-29
IRS object ID
202041209349301159
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-04-29T08:44:46-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN043097400PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KEVIN P MARTIN & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 FORBES WESTAddressLine1Txt
CityBRAINTREECityNm
State AbbreviationMAStateAbbreviationCd
ZIP02184ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN020549245EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ISLAND HOUSING TRUST CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlISLABusinessNameControlTxt
Phone5086931117PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POBOX 779AddressLine1Txt
CityWEST TISBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02575ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILIPPE JORDIPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone5086931117PhoneNum
Signature2020-04-24SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJOLANTA TUCK CPAPreparerPersonNm
PTINP01340068PTIN
Phone7813803520PhoneNum
Preparation2020-04-24PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address70.91.219.129IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-04-24IPDt
IP Tm14:25:28IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdCB723D511B4361143C95584A8FE9F03509BC83C0AtSubmissionCreationDeviceId
At Submission Filing Device Id41BF50E0165D23DF78C4601BF59AE9A1F7B13281AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPHILIPPE JORDIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1POBOX 779AddressLine1Txt
CityWEST TISBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02575ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,713,031GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.IHTMV.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2002FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTHE DEVELOPMEMT AND STEWARDSHIP OF AFFORDABLE HOUSING ON THE ISLAND OF MARTHA'S VINEYARD, MASS.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee7TotalEmployeeCnt
Total Volunteers63TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,332,841PYContributionsGrantsAmt
CY Contributions Grants$2,156,153CYContributionsGrantsAmt
PY Program Service Revenue$267,362PYProgramServiceRevenueAmt
CY Program Service Revenue$545,323CYProgramServiceRevenueAmt
PY Investment Income-$232,403PYInvestmentIncomeAmt
CY Investment Income$5,071CYInvestmentIncomeAmt
PY Other Revenue$265,420PYOtherRevenueAmt
CY Other Revenue-$18,229CYOtherRevenueAmt
PY Total Revenue$2,633,220PYTotalRevenueAmt
CY Total Revenue$2,688,318CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$21,175CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$470,953PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$505,610CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$166,338CYTotalFundraisingExpenseAmt
PY Other Expenses$796,043PYOtherExpensesAmt
CY Other Expenses$901,081CYOtherExpensesAmt
PY Total Expenses$1,266,996PYTotalExpensesAmt
CY Total Expenses$1,427,866CYTotalExpensesAmt
PY Revenues Less Expenses$1,366,224PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,260,452CYRevenuesLessExpensesAmt
Total Assets BOY$19,481,491TotalAssetsBOYAmt
Total Assets EOY$22,272,461TotalAssetsEOYAmt
Total Liabilities BOY$5,131,921TotalLiabilitiesBOYAmt
Total Liabilities EOY$6,662,439TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$14,349,570NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$15,610,022NetAssetsOrFundBalancesEOYAmt
MissionTHE DEVELOPMENT AND STEWARDSHIP OF AFFORDABLE HOUSING ON THE ISLAND OF MARTHA'S VINEYARD, MASS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$556,517ExpenseAmt
Revenue$551,807RevenueAmt
DescRENTAL PROGRAMS - ENSURE THAT RENTAL PROPERTIES ARE WELL MAINTAINED, PROPERLY MANAGED AND FINANCIALLY SELF-SUSTAINABLE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$372,363ExpenseAmt
DescHOUSING 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.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$163,645ExpenseAmt
Grant$21,175GrantAmt
DescCOMMUNICATIONS - BUILD COMMUNITY AWARENESS, UNDERSTANDING OF, AND SUPPORT FOR ISLAND HOUSING TRUST'S MISSION OF BUILDING AND PRESERVING PERMANENTLY AFFORDABLE HOUSING ON MARTHA'S VINEYARD.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$1,092,525TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee7EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PHILIPPE JORDIBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5086931117PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 779AddressLine1Txt
CityVINYARDCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02575ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
DOUG RUSKIN
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DELOS LANDER
VICE PRESIDENT2.00Yes (X)Yes (X)$0$0$0
DAN SEIDMAN
TREASURER2.00Yes (X)Yes (X)$0$0$0
PETER FREEMAN
CLERK2.00Yes (X)Yes (X)$0$0$0
RICHARD LEONARD
DIRECTOR1.00Yes (X)$0$0$0
BOB GREEN
DIRECTOR1.00Yes (X)$0$0$0
DEBRA CEDENO
DIRECTOR1.00Yes (X)$0$0$0
JULIANN VANDERHOOP
DIRECTOR1.00Yes (X)$0$0$0
WENDY SWOLINZKY
DIRECTOR1.00Yes (X)$0$0$0
PAMELA CRAVEN
DIRECTOR1.00Yes (X)$0$0$0
TREY RASMUSSEN
DIRECTOR1.00Yes (X)$0$0$0
PHILIPPE JORDI
EXECUTIVE DIRECTOR40.00Yes (X)$105,798$0$19,688
FieldValueIRS element (for citing)
Total Reportable Comp From Org$105,798TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$19,688TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
WILLIAMS BUILDING COMPANY INC
259A NORTH STREET SUITE 2HYANNISMA02601CONSTRUCTION$1,366,814
BAY STATE LEISURE HOMES INC
73 CANTERBURY LANEVINEYARD HAVENMA02568CONSTRUCTION$179,441
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
All Other Contributions$2,156,153AllOtherContributionsAmt
Noncash Contributions$390,000NoncashContributionsAmt
Total Contributions$2,156,153TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531390$508,973$508,973
GROUND LEASE INCOME531190$36,350$36,350
FieldValueIRS element (for citing)
Total Program Service Revenue$545,323TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,071TotalRevenueColumnAmt
Exclusion$5,071ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$0FundraisingGrossIncomeAmt
Fundraising Direct Expenses$24,713FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$24,713TotalRevenueColumnAmt
Exclusion-$24,713ExclusionAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$6,484TotalRevenueColumnAmt
Related Or Exempt Func Income$6,484RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$6,484OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,688,318TotalRevenueColumnAmt
Related Or Exempt Func Income$551,807RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$19,642ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$21,175TotalAmt
Program Services$21,175ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$125,486TotalAmt
Program Services$62,742ProgramServicesAmt
Management And General$31,372ManagementAndGeneralAmt
Fundraising$31,372FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$291,774TotalAmt
Program Services$156,119ProgramServicesAmt
Management And General$56,236ManagementAndGeneralAmt
Fundraising$79,419FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$55,177TotalAmt
Program Services$25,716ProgramServicesAmt
Management And General$15,667ManagementAndGeneralAmt
Fundraising$13,794FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$33,173TotalAmt
Program Services$15,757ProgramServicesAmt
Management And General$9,123ManagementAndGeneralAmt
Fundraising$8,293FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,820TotalAmt
Program Services$3,629ProgramServicesAmt
Management And General$191ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$30,045TotalAmt
Program Services$14,271ProgramServicesAmt
Management And General$8,263ManagementAndGeneralAmt
Fundraising$7,511FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$24,636TotalAmt
Program Services$12,766ProgramServicesAmt
Management And General$11,870ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$52,294TotalAmt
Program Services$52,294ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$77,200TotalAmt
Program Services$50,103ProgramServicesAmt
Management And General$15,749ManagementAndGeneralAmt
Fundraising$11,348FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$9,841TotalAmt
Program Services$4,675ProgramServicesAmt
Management And General$2,706ManagementAndGeneralAmt
Fundraising$2,460FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$436,111TotalAmt
Program Services$414,151ProgramServicesAmt
Management And General$12,753ManagementAndGeneralAmt
Fundraising$9,207FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$11,736TotalAmt
Program Services$5,575ProgramServicesAmt
Management And General$3,227ManagementAndGeneralAmt
Fundraising$2,934FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,846TotalAmt
Management And General$1,846ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$253,552TotalAmt
Program Services$253,552ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,427,866TotalAmt
Program Services$1,092,525ProgramServicesAmt
Management And General$169,003ManagementAndGeneralAmt
Fundraising$166,338FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$2,799,721BOYAmt
EOY$2,421,639EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,329,634BOYAmt
EOY$2,923,471EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$9,510BOYAmt
EOY$47,873EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$60,000BOYAmt
EOY$50,000EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,224BOYAmt
EOY$13,264EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$12,814,429LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$798,465LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$9,699,351BOYAmt
EOY$12,015,964EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$3,580,051BOYAmt
EOY$4,800,250EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$19,481,491BOYAmt
EOY$22,272,461EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$130,487BOYAmt
EOY$64,150EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$5,001,434BOYAmt
EOY$6,598,289EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,131,921BOYAmt
EOY$6,662,439EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,192,270BOYAmt
EOY$12,239,380EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,157,300BOYAmt
EOY$3,370,642EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$14,349,570BOYAmt
EOY$15,610,022EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$19,481,491BOYAmt
EOY$22,272,461EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$1,260,452ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,749,371CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,730,065CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,650,222CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,332,841CurrentTaxYearMinus1YearAmt
Current Tax Year$2,156,153CurrentTaxYearAmt
Total$12,618,652TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$166,313CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$182,688CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$243,361CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$272,299CurrentTaxYearMinus1YearAmt
Current Tax Year$545,323CurrentTaxYearAmt
Total$1,409,984TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,915,684CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,912,753CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,893,583CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,605,140CurrentTaxYearMinus1YearAmt
Current Tax Year$2,701,476CurrentTaxYearAmt
Total$14,028,636TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$14,028,636PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,219CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,319CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,349CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,007CurrentTaxYearMinus1YearAmt
Current Tax Year$5,071CurrentTaxYearAmt
Total$18,965TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,219CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,319CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,349CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,007CurrentTaxYearMinus1YearAmt
Current Tax Year$5,071CurrentTaxYearAmt
Total$18,965TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year$6,484CurrentTaxYearAmt
Total$6,484TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,917,903CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$3,916,072CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,897,932CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,609,147CurrentTaxYearMinus1YearAmt
Current Tax Year$2,713,031CurrentTaxYearAmt
Total$14,054,085TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99820PublicSupportCY509Pct
Public Support PY5090.99870PublicSupportPY509Pct
Investment Income CY0.00130InvestmentIncomeCYPct
Investment Income PY0.00110InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationOTHER INCOME - 2019 AMOUNT: $ 6,484.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,907,448OtherCostOrOtherBasisAmt
Book Value$2,907,448BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,888,547OtherCostOrOtherBasisAmt
Depreciation$780,031DepreciationAmt
Book Value$9,108,516BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$18,434OtherCostOrOtherBasisAmt
Depreciation$18,434DepreciationAmt
Book Value$0BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$12,015,964TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescLAND HELD FOR DEVELOPMENTDesc
Book Value$4,800,250BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$4,800,250TotalBookValueOtherAssetsAmt
Total Rev Etc Audited Fincl Stmt$2,808,269TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$95,238DonatedServicesAndUseFcltsAmt
Other Revenue$24,713OtherRevenueAmt
Revenue Not Reported$119,951RevenueNotReportedAmt
Revenue Subtotal$2,688,318RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,688,318TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,547,817TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$95,238DonatedServicesUseFcltsAmt
Other Expenses Included$24,713OtherExpensesIncludedAmt
Expenses Not Reported$119,951ExpensesNotReportedAmt
Expenses Subtotal$1,427,866ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,427,866TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART XI, LINE 2D - OTHER ADJUSTMENTS:EVENT EXPENSES RECLASSED TO REVENUE 24,713.
PART XII, LINE 2D - OTHER ADJUSTMENTS:EVENT EXPENSES RECLASSED TO REVENUE 24,713.

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
MARTHA'S VINEYARD NON PROFIT COLLABORATIVE
POBOX 1018WEST TISBURYMA02575900066486501C3$15,000HOUSING BANK CAMPAIGN
MARTHA'S VINEYARD COMMISSION
33 NEW YORK AVEOAK BLUFFSMA02557042549498$6,175TO PAY FOR EXPENSES RELATED TO THE HOUSING BANK INITIATIVE
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescPROPERTY AND EQUIPMENTDesc
Contribution1ContributionCnt
Noncash Contributions Rpt F990$390,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHE AMOUNT REPORTED IN PART I COLUMN B REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4THE ORGANIZATION AMENDED ITS BYLAWS IN 2019 TO INCLUDE AN ACTION BY UNANIMOUS WRITTEN CONSENT IN LIEU OF MEETING.
FORM 990, PART VI, SECTION B, LINE 11BEACH MEMBER IS GIVEN A COPY BEFORE FILING. ONCE ALL THE COMMENTS HAVE BEEN ADDRESSED, THE BOARD VOTES TO APPROVE THE FILING.
FORM 990, PART VI, SECTION B, LINE 12CTHE 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 15THERE IS ONE KEY EMPLOYEE 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 18UPON WRITTEN REQUEST
FORM 990, PART VI, SECTION C, LINE 19UPON WRITTEN REQUEST

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
SCOTTS GROVE LLC
POBOX 779WEST TISBURYMA02575824432392DEVELOPMENT OF LOW INCOME APARTMENTSMA$145,104$2,811,916ISLAND HOUSING TRUST CORPORATION
HANOVER HOUSE LLC
POBOX 779WEST TISBURYMA02575834106776DEVELOPMENT OF LOW INCOME APARTMENTSMA$8,133$2,923,299ISLAND HOUSING TRUST CORPORATION
PERLMAN HOUSE LLC
POBOX 779WEST TISBURYMA02575843761655DEVELOPMENT OF LOW INCOME APARTMENTSMA$377,771$1,631,827ISLAND HOUSING TRUST CORPORATION

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