Form 990 for tax year 2025
Filed by ISLAND HOUSING TRUST CORPORATION.
Totals
- Total revenue
- $7,568,728
- Total expenses
- $7,268,806
- Contributions and grants received
- $5,218,819
- Grants paid
- $0
- Program service revenue
- $1,533,685
- Investment income
- $270,279
- Other revenue
- $545,945
- Total assets, end of year
- $47,946,199
- Total liabilities, end of year
- $17,081,722
- Net assets or fund balances, end of year
- $30,864,477
- Program services expenses (Part IX)
- $5,732,529
- Management and general expenses
- $1,110,658
- Fundraising expenses
- $425,619
- Program service expenses (Part III)
- $5,732,529
Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
PAMELA CRAVEN
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
JOHN SCHAEFER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
MOSS HANRAHAN
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
NORMAN WERTHWEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
BOB EGERTON
VICE TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
BARBARA BELLISSIMO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BEVERLY WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DELOS LANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JANE HAWKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JASON MAZAR-KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAREN TEWHEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA BERKOWER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VICTORIA HAESELBARTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PHILIPPE JORDI
EXECUTIVE DIRECTOR
- Total calculated
- $220,832
- From this org
- $186,874
- From related orgs
- $0
- Other
- $33,958
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,874
- Bonus
- $0
- Other
- $0
- Deferred
- $4,131
- Nontaxable benefits
- $29,827
- Filer's total
- $220,832
-
TERESE BERNERT
DIRECTOR OF REAL ESTATE
- Total calculated
- $140,878
- From this org
- $130,919
- From related orgs
- $0
- Other
- $9,959
- Hours/week
- 40
-
KEITH MCGUIRE
PROJECT DEVELOPMENT DIRECT
- Total calculated
- $144,105
- From this org
- $126,266
- From related orgs
- $0
- Other
- $17,839
- Hours/week
- 40
-
ELLEN BISKIS
CONTROLLER
- Total calculated
- $163,090
- From this org
- $130,099
- From related orgs
- $0
- Other
- $32,991
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,099
- Bonus
- $0
- Other
- $0
- Deferred
- $3,164
- Nontaxable benefits
- $29,827
- Filer's total
- $163,090
-
BREEZE TONNESEN
COO & COMMUNICATIONS DIREC
- Total calculated
- $131,590
- From this org
- $128,590
- From related orgs
- $0
- Other
- $3,000
- Hours/week
- 37.5
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
No itemized grants to organizations 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.
-
DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $187,414 · assets $2,690,180
Directly controlled by ISLAND HOUSING TRUST CORPORATION
-
DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $291,760 · assets $2,595,136
Directly controlled by ISLAND HOUSING TRUST CORPORATION
-
DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $147,274 · assets $2,501,807
Directly controlled by ISLAND HOUSING TRUST CORPORATION
-
DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $1,013,462 · assets $11,435,423
Directly controlled by ISLAND HOUSING TRUST CORPORATION
-
DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $0 · assets $0
Directly controlled by ISLAND HOUSING TRUST CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BELLEVUE VETERANS' COMMUNITY LLC
RELATED · LOW INCOME HOUSING · MA · 50% owned · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 28 June 2026
- IRS schema version
- 2025v4.2
- Source object
- 202621819349300037
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