NonprofitsIsland Housing Trust Corporation

Housing & Shelter

Island Housing Trust Corporation

WEST TISBURY, MA

Total revenue

$10.1M

Total expenses

$5.1M

Net assets

$30.6M

Grants received

$11.5M

195 grants

EIN

020549245

Tax year

2024

Mission

To own and lease land for the purpose of developing, building and maintaining affordable housing.

Programs

2 programs

Rental programs - ensure that rental properties are well maintained, properly managed and financially self-sustainable.

Expenses: $1.7M

Communications - build community awareness, understanding of, and support for island housing trust's mission of building and preserving permanently affordable housing on martha's vineyard.

Expenses: $300K

Financials

FY 2024

Revenue

Contributions & grants$8.3M
Program service revenue$1.4M
Investment income$135K
Other revenue$172K
Total revenue$10.1M

Expenses

Grants paid$400K
Salaries & benefits$1.4M
Fundraising$361K
Other expenses$3.2M
Total expenses$5.1M
Total assets$46.6M
Net assets$30.6M

People

20 listed

NameRoleCompensation

PHILIPPE JORDI

EXECUTIVE DIRECTOR

Board

$168K

40 hrs/wk

BOB EGERTON

VICE TREASURER

Board

2 hrs/wk

BARBARA BELLISSIMO

DIRECTOR

Board

1 hrs/wk

BEVERLY WRIGHT

DIRECTOR

Board

1 hrs/wk

DELOS LANDER

DIRECTOR

Board

1 hrs/wk

JANE HAWKES

DIRECTOR

Board

1 hrs/wk

PAMELA CRAVEN

PRESIDENT

Board

2 hrs/wk

KAREN TEWHEY

DIRECTOR

Board

1 hrs/wk

LISA BERKOWER

DIRECTOR

Board

1 hrs/wk

VICTORIA HAESELBARTH

DIRECTOR

Board

1 hrs/wk

WENDY WOLF

DIRECTOR (UNTIL 3/24)

Board

1 hrs/wk

JASON MAZAR-KELLY

DIRECTOR

Board

1 hrs/wk

JOHN SCHAEFER

VICE PRESIDENT

Board

2 hrs/wk

DOUG RUSKIN

CLERK (UNTIL 3/24)

Board

1 hrs/wk

JAMES HANRAHAN

DIRECTOR/CLERK (AS OF 3/24)

Board

2 hrs/wk

NORMAN WERTHWEIN

TREASURER

Board

2 hrs/wk

TERESE BERNERT

DIRECTOR OF REAL ESTATE

Staff

$124K

40 hrs/wk

KEITH MCGUIRE

PROJECT DEVELOPMENT DIRECTOR

Staff

$121K

40 hrs/wk

ELLEN BISKIS

CONTROLLER

Staff

$118K

40 hrs/wk

BREEZE TONNESEN

COO & COMMUNICATIONS DIRECTOR

Staff

$117K

37.5 hrs/wk

Independent contractors

UNION STUDIO ARCHITECTURE & COMMUNITY DE

ARCHITECTURAL DESIGN SERVICES

$280K

JOANNA MCCARTHY

PROFESSIONAL FUNDRAISER

$124K

Grants received

Showing 195 of 195

FromAmountPurposeYear
$160K
UNRESTRICTED GENERAL SUPPORT
2024
$47K
PROJECT SUPPORT
2024
$40K
The purpose of the grant is to provide funds for IHT to develop a 127 kW DC solar photovoltaic array for it's Kheun's Way affordable housing project.
2024
$35K
CHARITABLE
2024
$25K
CHARITABLE
2024
$25K
SUPPORT CHARITABLE ACTIVITY
2024
$24K
GENERAL SUPPORT
2024
$20K
COMMUNITY & HUMAN SERVICES
2024
$10K
HOUSING PRESERVATION
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$10K
FOR GENERAL SUPPORT.
2024
$10K
PUBLIC ASSISTANCE
2024
$8K
FOR GENERAL SUPPORT
2024
$8K
HOUSING, SHELTER
2024
$5K
OPERATING SUPPORT
2024
$5K
OPERATING FUNDS
2024
$3K
TO SUPPORT A DIVERSE AND VITAL COMMUNITY ON THE ISLAND OF MARTHA'S VINEYARD BY CREATING AND SUSTAINING PERMANENTLY AFFORDABLE HOUSING SOLUTIONS, BOTH RENTAL AND OWNERSHIP
2024
$1K
TO FURTHER THE PURPOSE OF THE DONEE ORG.
2024
$1K
General & Unrestricted
2024
$1K
GENERAL PURPOSE
2024
Affordable Housing
2024
$1.0M
Operating Support/Annual Fund
2023
$442K
For grant recipient's exempt purposes
2023
$130K
Community Impact
2023
$130K
HUMAN SERVICES
2023
$50K
UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSES
2023
$40K
CHARITABLE
2023
$35K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$25K
SUPPORT MISSION OF LOCAL AFFORDABLE HOUSING DEVELOPMENT
2023
$25K
UNRESTRICTED GENERAL SUPPORT
2023
$25K
SUPPORT CHARITABLE ACTIVITY
2023
$24K
GENERAL SUPPORT
2023
$20K
COMMUNITY & HUMAN SERVICES
2023
$10K
GENERAL OPERATING SUPPORT
2023
$10K
PUBLIC ASSISTANCE
2023
$10K
FOR GENERAL SUPPORT.
2023
$9K
IN FURTHERANCE OF GRANTEE'S TAX-EXEMPT PURPOSE
2023
$8K
HOUSING PRESERVATION
2023
$7K
HOUSING, SHELTER
2023
$5K
Veterans Project
2023
$5K
OPERATING FUNDS
2023
$5K
BOARD DESIGNATED GRANTS
2023
$3K
GENERAL DONATION
2023
$2K
GENERAL SUPPORT
2023
$2K
UNRESTRICTED GENERAL
2023
$1K
GENERAL SUPPORT
2023
$500
SUPPORT AND ASSISTANCE
2023
Affordable Housing
2023
$754K
For grant recipient's exempt purposes
2022
$250K
GENERAL SUPPORT
2022
$163K
HUMAN SERVICES
2022
$58K
FOR RECIPIENT'S EXEMPT PURPOSE
2022
$51K
EXEMPT PURPOSE
2022
$50K
CHARITABLE
2022
$50K
UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSES
2022
$26K
GENERAL SUPPORT AND VARIOUS PROJECTS
2022
$25K
UNRESTRICTED GENERAL SUPPORT
2022
$25K
MAKE IT HAPPEN FUND
2022
$25K
CONTIBUTION TO SUPPORT MISSION OF LOCAL AFFORDABLE HOUSING DEVELOPMENT
2022
$18K
GENERAL SUPPORT
2022
$15K
COMMUNITY & HUMAN SERVICES
2022
$15K
GENERAL OPERATING SUPPORT
2022
$10K
PUBLIC ASSISTANCE
2022
$10K
GENERAL CHARITABLE
2022
$10K
PUBLIC ASSISTANCE
2022
$10K
HOUSING PRESERVATION
2022
$10K
GENERAL OPERATING SUPPORT
2022
$7K
Operating Support/Annual Fund
2022
$5K
OPERATING FUNDS
2022
$5K
OPERATING FUNDS
2022
$3K
GENERAL DONATION
2022
$3K
GENERAL FUND
2022
$3K
TO SUPPORT A DIVERSE AND VITAL COMMUNITY ON THE ISLAND OF MARTHA'S VINEYARD BY CREATING AND SUSTAINING PERMANENTLY AFFORDABLE HOUSING SOLUTIONS, BOTH RENTAL AND OWNERSHIP
2022
$3K
General & Unrestricted
2022
$2K
UNRESTRICTED GENERAL
2022
$2K
GENERAL PROGRAM
2022
$1K
Affordable Housing
2022
$1K
SUPPORT ORGANIZATION'S PURPOSE.
2022
$994K
For grant recipient's exempt purposes
2021
$994K
For grant recipient's exempt purposes
2021
$150K
UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSES
2021
$55K
For recipient's exempt purpose
2021
$50K
CHARITABLE
2021
$35K
HUMAN SERVICES
2021
$15K
GRANT TO FURTHER DONEE'S EXEMPT PURPOSE
2021
$10K
GENERAL OPERATING
2021
$10K
GENERAL CHARITABLE
2021
$6K
Operating Support/Annual Fund
2021
$6K
GENERAL SUPPORT
2021
$5K
OPERATING FUNDS
2021
$5K
To Help Fund the Recipients Operating Budget
2021
$4K
SUPPORT AFFORDABLE HOUSING
2021
$3K
GENERAL DONATION
2021
$3K
General & Unrestricted
2021
$2K
GENERAL FUND
2021
$2K
SUPPORT ORGANIZATION'S PURPOSE.
2021
$2K
GENERAL PROGRAM
2021
$2K
UNRESTRICTED GENERAL
2021
$500
EXEMPT PURPOSE
2021
$250
General & Unrestricted
2021
$1.6M
For grant recipient's exempt purposes
2020
$53K
FOR GENERAL SUPPORT
2020
$50K
UNRESTRICTED SUPPORT OF ORGANIZATIONS EXEMPT PURPOSES
2020
$42K
IN SUPPORT OF THE ISLAND HOUSING TRUST CORPORATION'S LEADERSHIP CIRCLE COMMITMENT
2020
$25K
CONTIBUTION TO SUPPORT MISSION OF LOCAL AFFORDABLE HOUSING DEVELOPMENT
2020
$25K
ENVIRONMENT
2020
$25K
COMMUNITY BENEFIT PROGRAM
2020
$25K
CHARITABLE
2020
$20K
Kuehn's Way development project
2020
$18K
FOR RECIPIENT'S EXEMPT PURPOSE
2020
$15K
Grant to further donee's exempt purpose
2020
$14K
HUMAN SERVICES
2020
$13K
COMMUNITY & HUMAN SERVICES
2020
$10K
General & Unrestricted
2020
$10K
CHARITABLE FOUNDATION
2020
$10K
Housing Development, Construction & Management
2020
$5K
Annual Suuport
2020
$5K
To Help Fund the Recipients Operating Budget
2020
$5K
HOUSING PRESERVATION
2020
$5K
GENERAL OPERATING SUPPORT
2020
$5K
OPERATING FUNDS
2020
$2K
GENERAL PROGRAM
2020
$1K
HOUSING DEVELOPMENT
2020
$1K
SUPPORT ORGANIZATION'S PURPOSE.
2020
$500
SUPPORT AFFORDABLE HOUSING
2020
$250
GENERAL OPERATING PURPOSES
2020
$141K
For grant recipient's exempt purposes
2019
$30K
HUMAN SERVICES
2019
$20K
COMMUNITY & HUMAN SERVICES
2019
$8K
General support
2019
$1K
SUPPORT AFFORDABLE HOUSING
2019
$107K
For grant recipient's exempt purposes
2018
$5K
OPERATING FUNDS
2018
$500
SUPPORT ORGANIZATION'S PURPOSE.
2018
$752K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017
$500
OPERATING SUPPORT
2017

Funded by

$11.5M from 78 funders · 195 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$5.7M · 8 grants · 2017–2023

Boston Foundation Inc

$1.0M · 3 grants · 2021–2023

National Philanthropic Trust

$370K · 5 grants · 2019–2023

Kuehn Charitable Foundation

$300K · 4 grants · 2020–2023

The Couch Family Foundation

$250K · 1 grant · 2022

Morgan Stanley Global Impact Funding Trust Inc

$220K · 4 grants · 2022–2024

Vanguard Charitable Endowment Program

$164K · 4 grants · 2020–2023

Details

EIN020549245
NTEE codeL21
Subsection03
Ruling date2002-11
Formed2002
Employees12
Volunteers39
ISLAND HOUSING TRUST CORPORATION — Mission, Financials & Grants Received | Grantivo