2012-03-07T13:49:00-06:00 2011-12-31 SANDERS WALSH & EATON LLP PO BOX F OSTERVILLE MA 02655 990 2011-01-01 020549245 ISLAND HOUSING TRUST CORPORATION ISLA 5086931117 PO BOX 779 WEST TISBURY MA 02575 PAUL MOREAU 5086931117 2012-02-14 MICHAEL J WALSH CPA 5084280790 2012-03-07 2011 2016-02-24 21:20:13Z RICHARD LEONARD PRESIDENT PO BOX 779 WEST TISBURY MA 02575 349654 false X WWW.IHTMV.ORG X 2000 MA AFFORDABLE HOUSING 14 14 3 0 546835 271206 0 24 -1740870 69972 -1194035 341202 0 0 106858 114903 0 14796 39534 57564 146392 172467 -1340427 168735 1434070 1590158 261632 248985 1172438 1341173 AFFORDABLE HOUSING false false 119309 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. 119309 true true false false false false false false 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 true true true false false true 1 0 true 3 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true true true false MA X PAUL MOREAU TREASURER 5086931117 346 STATE ROAD VINEYARD HAVEN MA 02575 X RICHARD LEONARD 1.00 X X 0 0 0 PAUL MOREAU 1.00 X X 0 0 0 VICTORIA HAESELBARTH 1.00 X X 0 0 0 RICHARD BLUESTEIN 1.00 X 0 0 0 MATT COFFEY 1.00 X 0 0 0 WAYNE JOHNSON 1.00 X 0 0 0 DURWOOD VANDERHOOP 1.00 X 0 0 0 JANET HEATH 1.00 X 0 0 0 TRISTAN ISRAEL 1.00 X 0 0 0 DARRAN REUBENS 1.00 X 0 0 0 RICHARD KNABEL 1.00 X 0 0 0 DOUG RUSKIN 1.00 X 0 0 0 WENDY SWOLINZKY X 0 0 0 MARIE DOUBLEDAY 1.00 X 0 0 0 false false false WILLIAMS BUILDING COMPANY INC 196 OLD TOWNHOUSE ROAD WEST YARMOUTH MA 02673 BUILDING CONTRA 127142 1 271206 271206 24 24 25300 8452 16848 16848 16848 2500 2500 2500 50624 50624 50624 341202 69996 87456 78710 8746 27447 24702 2745 150 150 6761 6761 2384 2384 3265 3265 7526 7526 1304 1304 6563 6563 4521 3303 1218 MISCELLANEOUS 17536 2740 14796 COST OF PROPERTY DEVELOPM 6031 6031 TELEPHONE 1473 1473 FILING FEES 50 50 172467 119309 38362 14796 64848 61078 3450 1915 41654 190055 3990 4044 233342 68308 170653 165034 1149475 1168032 1434070 1590158 11192 11881 25746 224694 237104 261632 248985 X 1172438 1341173 1172438 1341173 1434070 1590158 168735 X true false true X false X 409853 294957 1526703 572581 271197 3075291 16795 3022900 52545 3092240 1216500 10700 16852 18521 24769 1287342 1626353 305657 1560350 3614002 348511 7454873 7454873 172 80 36 24 312 172 80 36 24 312 1626525 305657 1560430 3614038 348535 7455185 1.00000 0.98790 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 233342 68308 165034 165034 GROUND LEASED LAND 1158032 LAND HELD FOR DEVELOPMENT 10000 1168032 ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD PRESIDENT HAS BEEN DESIGNATED AS THE FINAL REVIEWER OF THE FORM 990. BOARD MEMBERS RESOLVE ANY QUESTIONS/ISSUES AND/OR REVIEW THROUGH THE BOARD PRESIDENT AND MANAGEMENT, WHEN NECESSARY, THE RETURN IS REVIEWED BY OUTSIDE LEGAL COUNSEL. FINALLY, THE RETURN IS APPROVED AT THE BOARD MEETING. ENFORCEMENT OF CONFLICTS POLICY FORM 990, PAGE 6, PART VI, 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 POTENTIOAL CONFLICTS AS THEY ARISE. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A EXECUTIVE DIRECTORS COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION PROCESS FOR OFFICERS FORM 990, PAGE 6, PART VI, LINE 15B THE ORGANIZATION HAS AN INDEPENDENT COMPENSATION COMMITTEE WHICH COLLECTS AND EVALUATES ANNUALLY OUTSIDE DATA FOR COMPENSATION WHICH IS VOTED ON BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS FOR THE EXECUTIVE DIRECTOR AND ALL KEY EMPLOYEES. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. ISLAND AFFORDABLE HOUSING FUND 346 STATE ROAD WEST TISBURY MA 02568 HOUSING N/A false SOUTH MOUNTAIN COMPANY RED ARROW RD PO BOX 1260 WEST TISBURY MA 02568 BUILDING MA N/A C CORP false false true false false false false false false false true false false false false false false false ISLAND AFFORDABLE HOUSING FUND C 1790 SOUTH MOUNTAIN COMPANY INC K 1500