2016-04-11T05:34:04-07:00 2015-12-31 NE KELLY AND ASSOCIATES LLC 4238 WASHINGTON STREET SUITE 307 BOSTON MA 021312517 990 2015-01-01 020549245 Island Housing Trust Corporation ISLA 5086931117 PO Box 779 West Tisbury MA 02575 Philippe Jordi Executive Director 2016-04-11 true Nancy Kelly P00994756 8573839363 2015 2016-09-27 15:27:22Z Philippe Jordi PO Box 779 West Tisbury MA 02575 1917903 false false X www.ihtmv.org X 2002 MA The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. 19 19 3 59 0 1512347 1534071 306763 166313 2219 187193 1819110 1889796 0 0 206799 256907 0 0 272835 308761 479634 565668 1339476 1324128 5665203 7181440 1193986 1386095 4471217 5795345 The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. false false 448813 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. 448813 true true false false false false false false false false true false false false false true true false false false false false 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 true 6 0 false 3 true false false false false false false false false 0 false false false false false false false false false false X 19 19 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 346 State Road Vineyard Haven MA 02575 X Bob Green Director 1.00 0.00 X 0 0 0 Leon Brathwaite Director 1.00 0.00 X 0 0 0 Cheryl Doble Director 1.00 0.00 X 0 0 0 Sheetal Reubens Director 1.00 0.00 X 0 0 0 Richard Leonard Chairman 1.00 0.00 X X 0 0 0 Doug Ruskin Director 1.00 0.00 X 0 0 0 Richard Jacobs Director 1.00 0.00 X 0 0 0 Wendy Swolinzky Clerk 1.00 0.00 X X 0 0 0 Tristan Israel Director 1.00 0.00 X 0 0 0 Matt Coffey Director 1.00 0.00 X 0 0 0 Debra Cedeno Director 1.00 0.00 X 0 0 0 Elizabeth Loucks Director 1.00 0.00 X 0 0 0 Jim Feiner Director 1.00 0.00 X 0 0 0 Marie Doubleday Director 1.00 0.00 X 0 0 0 Dan Seidman Treasurer 1.00 0.00 X X 0 0 0 Paul Moreau Vice Chairman 1.00 0.00 X X 0 0 0 Peter Freeman Director 1.00 0.00 X 0 0 0 Monica Miller Director 1.00 0.00 X 0 0 0 Juli Vanderhoop Director 1.00 0.00 X 0 0 0 Philippe Jordi Executive Dir. 1.00 0.00 X 0 0 0 Philippe Jordi Executive Director 40.00 0.00 X 94075 0 0 94075 0 false false false Rob Goldfarb C/O Organization PO Box 779 West Tisbury MA 02575 Development consult 15000 Farley J Pedler dba Drews Cove Builders PO Box 95 Chilmark MA 02535 Building services 41130 Derrill Bazzy C/O Organization PO Box 779 West Tisbury MA 02575 Project management 12203 Emily Day C/O Organization PO Box 779 West Tisbury MA 02575 Accounting 10270 Kristen Reimann C/O Organization PO Box 779 West Tisbury MA 02575 Landscape architect 8921 0 1534071 9547 1534071 Other Income 10484 10484 Program Service Revenue 531190 121029 121029 Rental ground lease 531310 34800 34800 166313 2219 2219 0 0 0 0 215300 28107 187193 0 0 0 1889796 166313 2219 0 0 0 0 94075 43424 50651 0 108529 108529 0 0 54303 40727 13576 18516 18516 0 50380 37785 12595 0 0 0 0 5073 3805 1268 6500 4875 1625 2999 2249 750 0 14048 10536 3512 2111 1583 528 0 2363 1772 591 33185 31874 1311 0 58551 43913 14638 15968 14797 1171 Property expenses 44269 34999 9270 Repairs and maintenance 27520 27520 Postage and Shipping 13427 10070 3357 Property taxes 5280 4504 776 8571 7335 1236 565668 448813 116855 0 X 1054612 1170701 0 254375 344983 3315 17613 0 35000 35000 0 1094750 1167322 14539 3146 4642814 200289 3207612 4442525 0 0 0 0 1000 150 5665203 7181440 33743 36171 1160243 1349924 1193986 1386095 X 4207842 5419862 263375 375483 4471217 5795345 5665203 7181440 1324128 X false true X true false X 271197 1239969 380987 1129347 1749371 4770871 52545 867500 860000 306763 166313 2253121 24769 24769 0 0 348511 2107469 1240987 1436110 1915684 7048761 0 0 7048761 2219 2219 0 2219 2219 0 27135 10850 2086 40071 348511 2134604 1251837 1438196 1917903 7091051 0.99400 0.99540 0.00030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1212190 1304653 2516843 2125971 200289 1925682 4442525 X 1889796 1889796 1889796 565668 565668 565668 Part X : FIN48 Footnote ASC Topic 740, Income Taxes, prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and provides guidance on derecognition, classification, interest and penalties, disclosure, and transition.At December 31, 2015 and 2014, the Organization recorded a tax liability of $-0- on unrelated business activity. The Organization believes that it has appropriate support for any tax position taken, and as such, does not have any uncertain tax positions that are material to the financial statements. X X X X X X false MA Summer Brunch 215300 215300 28107 215300 215300 28107 28107 187193 STM01 Summer Brunch and Cultivation Event for Donors. 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 and that is communicated to the management staff. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management Compensation process for the Executive Director utilizes a fair market value comparison from other not for profit organizations of similar size and geographical region. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees There 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, Line 18: Explanation of Other Means Forms Available For Public Inspection upon written request Form 990, Part VI, Line 19: Other Organization Documents Publicly Available upon written request