2013-04-08T18:42:12-07:00 2012-12-31 NE KELLY AND ASSOCIATES LLC 59 TEMPLE PLACE SUITE 556 BOSTON MA 021111307 990 2012-01-01 020549245 Island Housing Trust ISLA 5086931117 PO Box 779 West Tisbury MA 02575 Philippe Jordi Executive Dir 2013-04-08 true Nancy Kelly P00994756 8573839363 2012 2016-02-25 16:41:14Z Philippe Jordi Executive Dir 2863004 false false X www.ihtmv.org X 2002 MA The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. 18 18 2 0 271206 1939969 923035 24 0 69972 0 341202 2863004 10000 0 114903 116091 0 0 57564 1198630 172467 1324721 168735 1538283 1590158 3208129 248985 328673 1341173 2879456 The development and stewardship of affordable housing on the island of Martha's Vineyard, Mass. false false 1324721 2890246 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. 1324721 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 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 3 0 false 2 true false false false false false false false false 0 false false false false false false false false false false X 18 18 false false false false false false false true true false false true true true true true true true false false MA X X The Corporation 5086931117 346 State Road Vineyard Haven MA 02575 X Paul Galligan 1.00 0.00 X 0 0 0 Jennifer Powers 1.00 0.00 X 0 0 0 Drew Kinsman 1.00 0.00 X 0 0 0 Tristan Israel 1.00 0.00 X 0 0 0 Paul Moreau 1.00 0.00 X X 0 0 0 Marie Doubleday 1.00 0.00 X 0 0 0 Durwood Vanderhoop 1.00 0.00 X 0 0 0 Vickie Thurber 1.00 0.00 X 0 0 0 Victoria Haeselbarth 1.00 0.00 X X 0 0 0 Matt Coffey 1.00 0.00 X 0 0 0 Bonnie Tilton 1.00 0.00 X 0 0 0 Wendy Swolinzky 1.00 0.00 X 0 0 0 Michael West 1.00 0.00 X 0 0 0 Keith McGuire 1.00 0.00 X 0 0 0 Richard Leonard 1.00 0.00 X X 0 0 0 Darren Reubens 1.00 0.00 X 0 0 0 Cheryl Dobie 1.00 0.00 X 0 0 0 Wayne Johnson 1.00 0.00 X 0 0 0 Bob Green 1.00 0.00 X 0 0 0 Dan Seidman 1.00 0.00 X 0 0 0 0 false false false Williams Building Company Inc 196 Old Townhouse Road West Yarmouth MA 02673 Building Services 924467 Farley J Pedler dba Drews Cove Builders PO Box 95 Chilmark MA 02535 Building services 174381 2 1939969 1939969 Rental ground lease 531310 28400 28400 Program Service Revenue 531190 867500 867500 Other Income 27135 27135 923035 0 0 0 0 0 0 0 0 0 2863004 923035 10000 10000 0 0 0 89633 89633 0 0 0 0 26458 26458 0 0 16991 16991 0 0 0 0 1079 1079 0 0 0 0 0 0 0 0 0 0 0 Occupancy 9210 9210 Professional Fees 11334 11334 PROJECT EXPENSES 21823 21823 Cost of goods sold 1091686 1091686 46507 46507 1324721 1324721 0 0 61078 143938 0 687845 1915 2000 0 20000 0 190055 261053 4044 4044 233342 76760 165034 156582 0 0 0 0 1168032 1932667 1590158 3208129 11881 27762 237104 300911 248985 328673 X 1341173 2191611 687845 1341173 2879456 1590158 3208129 1538283 X false true X true false X 294957 1526703 572581 271197 1239969 3905407 16795 3022900 52545 867500 3959740 10700 16852 18521 24769 70842 0 0 305657 1560350 3614002 348511 2107469 7935989 0 0 7935989 0 0 0 27135 27135 305657 1560350 3614002 348511 2134604 7963124 0.99660 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 233342 76760 156582 156582 Land held for development 749900 ground leased land 1182767 1932667 2863004 2863004 2863004 1324721 1324721 1324721 false 0 0 Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available upon written request Form 990, Part VI, Line 18 Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection upon written request Form 990, Part VI, Line 15b Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees There is only one key employee and compensation is approved by the Board of Directors. Form 990, Part VI, Line 15a 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 12c 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 11b Form 990, Part VI, Line 11b: Form 990 Review Process No review was or will be conducted.