2011-03-04T15:47:42-06:00 2010-12-31 SANDERS WALSH & EATON LLP PO BOX F OSTERVILLE MA 02655 990 2010-01-01 020549245 ISLAND HOUSING TRUST CORPORATION ISLA 5086931117 PO BOX 779 WEST TISBURY MA 02575 PAUL MOREAU 5086931117 2011-02-10 MICHAEL J WALSH CPA 5084280790 2011-03-04 2010 2016-02-24 21:20:13Z RICHARD LEONARD PRESIDENT PO BOX 779 WEST TISBURY MA 02575 3569735 false X WWW.IHTMV.ORG X 2000 MA AFFORDABLE HOUSING 17 17 1 0 1526703 546835 0 0 42978 -1740870 1569681 -1194035 0 0 108138 106858 0 0 74464 39534 182602 146392 1387079 -1340427 4129786 1434070 1616921 261632 2512865 1172438 AFFORDABLE HOUSING false false 27616 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. 76010 76010 103626 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 true false false false false false true true true false false true 1 0 true 1 true false false false false false false false false false false false false X 17 17 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 WARREN DOTY 1.00 X 0 0 0 EWELL HOPKINS 1.00 X 0 0 0 JANET HATHAWAY 1.00 X 0 0 0 JANET HEATH 1.00 X 0 0 0 TRISTAN ISRAEL 1.00 X 0 0 0 DORIANA KLUMICK 1.00 X 0 0 0 RICHARD KNABEL 1.00 X 0 0 0 THERESA MANNING 1.00 X 0 0 0 ANDRE MALLEGOL 1.00 X 0 0 0 ISAAC D RUSSELL 1.00 X 0 0 0 MONICA MILLER 1.00 X 0 0 0 DOUG RUSKIN 1.00 X 0 0 0 WENDY SWOLINZKY 1.00 X 0 0 0 false false false ICMC INC 151 BEACH RD VINEYARD HAVEN MA 02568 BUILDING CONTRA 1018155 SOUTH MOUNTAIN COMPANY RED ARROW RD PO BOX 1260 WEST TISBURY MA 02568 BUILDING CONTRA 742047 2 546835 546835 21879 8938 12941 12941 12941 2982500 4754832 -1772332 -1772332 OTHER REVENUE 18521 18521 18521 -1194035 -1740870 84456 76010 8446 22402 20162 2240 11010 750 10260 413 413 907 907 6741 6741 1127 1127 6704 6704 1713 1713 MISCELLANEOUS 8034 8034 UTILITIES 1335 1335 TELEPHONE 1285 1285 FILING FEES 265 265 146392 103626 42766 0 82623 64848 1899 3450 3095696 41654 3990 230510 59857 179591 170653 769977 1149475 4129786 1434070 159836 11192 25746 1457085 224694 1616921 261632 X 94599 1172438 2418266 2512865 1172438 4129786 1434070 -1340427 X false true true X false X 557211 409853 294957 1526703 572581 3361305 16795 3022900 3039695 1216500 10700 16852 18521 1262573 -811939 -811939 -254728 1626353 305657 1560350 3614002 6851634 6851634 249 172 80 36 537 249 172 80 36 537 7169 7169 38159 10101 9331 18521 76112 -247310 1664684 315758 1569761 3632559 6935452 0.98790 0.98200 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 230510 59857 170653 170653 GROUND LEASED LAND 1139475 LAND HELD FOR DEVELOPMENT 10000 1149475 -1194035 146392 -1340427 -1340427 -1194035 -1194035 -1194035 146392 146392 146392 SOUTH MOUNTAIN COMPANY WEST TISBURY MA 02575-1260 OWNER=BOARD MEM true 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 false false true false false false false false false false true false false false false false false false ISLAND AFFORDABLE HOUSING FUND C 335508 SOUTH MOUNTAIN COMPANY INC K 742047