Skip to content
Nonprofiteer
← ISLAND HOUSING TRUST CORPORATION

Form 990 for tax year 2022

Filed by ISLAND HOUSING TRUST CORPORATION.

Totals

Total revenue
$5,890,388
Total expenses
$3,058,527
Contributions and grants received
$4,923,653
Grants paid
$600,000
Program service revenue
$761,890
Investment income
$202,144
Other revenue
$2,701
Total assets, end of year
$36,550,950
Total liabilities, end of year
$12,382,117
Net assets or fund balances, end of year
$24,168,833
Program services expenses (Part IX)
$2,280,465
Management and general expenses
$334,776
Fundraising expenses
$443,286
Program service expenses (Part III)
$2,280,465

Program services were 74.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DOUG RUSKIN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DELOS LANDER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • DAN SEIDMAN

    TREASURER (UNTIL 3/22)

    Total calculated
    $0
    Hours/week
    2

  • NORMAN WERTHWEIN

    TREASURER (AS OF 3/22)

    Total calculated
    $0
    Hours/week
    2

  • PETER FREEMAN

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • PAMELA CRAVEN

    ASSISTANT CLERK (AS OF 3/22)

    Total calculated
    $0
    Hours/week
    2

  • JEFREY DUBARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA HAESELBARTH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD LEONARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TREY RASMUSSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHELLE VIVIAN-JEMISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SOPHIA WELCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WENDY WOLF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT EGERTON

    DIRECTOR (AS OF 3/22)

    Total calculated
    $0
    Hours/week
    1

  • PHILIPPE JORDI

    EXECUTIVE DIRECTOR

    Total calculated
    $168,407
    From this org
    $141,287
    From related orgs
    $0
    Other
    $27,120
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,287
    Bonus
    $0
    Other
    $0
    Deferred
    $2,931
    Nontaxable benefits
    $24,189
    Filer's total
    $168,407

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SCOTTS GROVE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $147,163 · assets $2,770,837

    Directly controlled by ISLAND HOUSING TRUST CORPORATION

  • HANOVER HOUSE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $209,089 · assets $2,735,548

    Directly controlled by ISLAND HOUSING TRUST CORPORATION

  • PERLMAN HOUSE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $111,759 · assets $2,649,188

    Directly controlled by ISLAND HOUSING TRUST CORPORATION

  • KUEHNS WAY LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $0 · assets $10,197,067

    Directly controlled by ISLAND HOUSING TRUST CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
29 June 2023
IRS schema version
2022v5.0
Source object
202301819349300300

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.