2019-05-14T14:36:54-07:00 2018-12-31 743049340 NE KELLY AND ASSOCIATES LLC 4238 WASHINGTON STREET SUITE 307 BOSTON MA 021312517 990 2018-01-01 020549245 Island Housing Trust Corporation ISLA 5086931117 PO Box 779 West Tisbury MA 02575 Philippe Jordi Executive Director 2019-05-14 true Nancy Kelly P00994756 6173905734 2018 2019-02-21 02:37:17Z Philippe Jordi 3411996 false false X www.ihtmv.org X 2002 MA The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. 9 9 7 63 0 2351889 2332841 223208 267362 4349 -232403 318486 265420 2897932 2633220 0 0 428310 470953 0 124939 481362 796043 909672 1266996 1988260 1366224 14560736 19481491 2271593 5131921 12289143 14349570 The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. false false 917784 To own and lease for the purpose of developing, building, maintaining and providing affordable housing on Martha's Vineyard, Massachusetts. The Corporation was created as a non profit housing partnership between island towns, housing organizations and homeowners on Martha's Vineyard, Massachusetts. 917784 true true false false false false false false false false true false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false 10 0 false 7 true false false false false false false false false 0 false false false false false false false false false false false false X 9 9 false false false false false false false true true false false true true true true true true true true false MA X X The Corporation 5086931117 PO Box 779 Vineyard Haven MA 02575 X Bob Green Director 2.00 0.00 X 0 0 0 Richard Leonard President 2.00 0.00 X X 0 0 0 Doug Ruskin Vice President 2.00 0.00 X X 0 0 0 Delos Lander Director 2.00 0.00 X 0 0 0 Wendy Swolinzky Director 2.00 0.00 X 0 0 0 Debra Cedeno Director 2.00 0.00 X 0 0 0 Dan Seidman Treasurer 2.00 0.00 X X 0 0 0 Peter Freeman Clerk 2.00 0.00 X X 0 0 0 Juliann Vanderhoop Director 2.00 0.00 X 0 0 0 Philippe Jordi Executive Director 40.00 0.00 X 104936 0 0 104936 1 false false false Williams Building Company Inc 259A North Street Suite 2 Hyannis MA 02601 General Contractor 2951937 1 2332841 2332841 Ground lease income 531190 35725 35725 Rental income 531390 231637 231637 267362 4007 4007 0 0 0 511391 747801 -236410 -236410 -236410 30975 -30975 0 0 Other Revenue 4937 4937 Tax credit revenue 291458 291458 296395 2633220 331354 0 0 0 0 104936 77247 27689 0 236428 170320 66108 0 101247 37093 30230 33924 28342 21256 7086 11313 11313 0 0 0 0 0 0 0 11139 6794 4345 0 0 28152 12676 8106 7370 7681 3458 2212 2011 0 5397 5397 44875 44875 0 175825 174084 1741 32670 30610 1079 981 professional fees 131051 131051 Grant Expenses 100000 100000 Repairs and maintenance 99473 99473 administrative management 73714 17107 56607 74753 68987 30223 -24457 1266996 917784 224273 124939 X 2401134 2799721 0 3784289 3329634 20208 9510 0 0 50000 60000 0 14694 3224 10225830 526479 6125400 9699351 0 0 0 0 2165011 3580051 14560736 19481491 96306 130487 2175287 5001434 2271593 5131921 X 8435090 9192270 3854053 5157300 12289143 14349570 14560736 19481491 X 1366224 126713 598465 -30975 X false true X true false X 1129347 1749371 3730065 2650222 2332841 11591846 306763 166313 182688 243361 272299 1171424 0 0 0 1436110 1915684 3912753 2893583 2605140 12763270 0 0 12763270 2219 3319 4349 4007 13894 0 2219 3319 4349 4007 13894 0 2086 2086 1438196 1917903 3916072 2897932 2609147 12779250 0.99870 0.99810 0.00110 0.00080 X 3433088 3433088 6774309 526479 6247830 18433 18433 9699351 Housing Project Inventories 3580049 Rounding 2 3580051 2633220 2633220 2633220 1266996 1266996 1266996 Form 990, Part VI, Line 11b: Form 990 Review Process Each 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The Organization consistently monitors and enforces compliance with the policy by requiring all directors and officers to sign a conflict of interest and disclosure form and to affirmatively disclose potential conflicts as they arise. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees Key employee 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, Line 19: Other Organization Documents Publicly Available No documents available to the public. Other Changes In Net Assets Or Fund Balances - Other Decreases Special events = -$30975