Skip to content
Nonprofiteer
← All organizations

ISLAND HOUSING TRUST CORPORATION

EIN 02-0549245 WEST TISBURY, MA

Browse the largest nonprofits in Massachusetts

Revenue 2025
$7,568,728
Expenses 2025
$7,268,806

Program services were 78.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
L21
Classification
1000
Street
PO BOX 779

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

TO OWN AND LEASE LAND FOR THE PURPOSE OF DEVELOPING, BUILDING AND MAINTAINING AFFORDABLE HOUSING ON MARTHA'S VINEYARD, MASSACHUSETTS.

Activities or mission (Part I)

TO OWN AND LEASE LAND FOR THE PURPOSE OF DEVELOPING, BUILDING AND MAINTAINING AFFORDABLE HOUSING.

  • HOUSING DEVELOPMENT - DEVELOP SIMPLE, DURABLE, ENERGY EFFICIENT HOUSING, BOTH RENTAL AND OWNERSHIP, THAT ARE DESIGNED AND BUILT TO BE TRULY AFFORDABLE TO PURCHASE OR RENT AND MAINTAIN FOR GENERATIONS.

    Expenses $3,708,218

  • RENTAL PROGRAMS - ENSURE THAT RENTAL PROPERTIES ARE WELL MAINTAINED, PROPERLY MANAGED AND FINANCIALLY SELF-SUSTAINABLE.

    Expenses $1,894,140 · Revenue $2,072,996

  • 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 $130,171

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $7,568,728
    Expenses
    $7,268,806
    Contributions
    $5,218,819
    Grants paid
    $0
  • 2024
    Revenue
    $10,071,962
    Expenses
    $5,121,979
    Contributions
    $8,340,544
    Grants paid
    $400,000
  • 2023
    Revenue
    $5,790,854
    Expenses
    $4,383,899
    Contributions
    $4,315,486
    Grants paid
    $90,135
  • 2022
    Revenue
    $5,890,388
    Expenses
    $3,058,527
    Contributions
    $4,923,653
    Grants paid
    $600,000

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2025 · 990-T

    Revenue
    not reported
    Expenses
    not reported
    Assets (EOY)
    not reported
  • 2021 · 990

    Revenue
    $5,778,836
    Expenses
    $2,738,182
    Assets (EOY)
    $30,027,553
  • 2020 · 990

    Revenue
    $4,899,334
    Expenses
    $2,217,411
    Assets (EOY)
    $24,395,346
  • 2019 · 990

    Revenue
    $2,688,318
    Expenses
    $1,427,866
    Assets (EOY)
    $22,272,461
  • 2018 · 990

    Revenue
    $2,633,220
    Expenses
    $1,266,996
    Assets (EOY)
    $19,481,491
  • 2017 · 990

    Revenue
    $2,897,932
    Expenses
    $909,672
    Assets (EOY)
    $14,560,736
  • 2016 · 990

    Revenue
    $4,419,955
    Expenses
    $734,013
    Assets (EOY)
    $11,941,251
  • 2015 · 990

    Revenue
    $1,889,796
    Expenses
    $565,668
    Assets (EOY)
    $7,181,440
  • 2014 · 990

    Revenue
    $1,819,110
    Expenses
    $479,634
    Assets (EOY)
    $5,665,203
  • 2013 · 990

    Revenue
    $1,637,810
    Expenses
    $1,385,525
    Assets (EOY)
    $3,373,482

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

  • 2022 CONTINUING DEVELOPMENT OF ISLAND AUTISM CENTER AND PURCHASE OF LAND.

  • 2024 CONTINUING DEVELOPMENT OF CAMPUS

  • TOWN OF AQUINNAH

    $90,135

    2023 PROJECT COSTS FOR THE AQUINNAH TOWN CENTER RENTAL APARTMENT PROJECT

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2025 return

  • SCOTTS GROVE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $187,414 · assets $2,690,180

  • HANOVER HOUSE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $291,760 · assets $2,595,136

  • PERLMAN HOUSE LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $147,274 · assets $2,501,807

  • KUEHNS WAY LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $1,013,462 · assets $11,435,423

  • 401SR LLC

    DEVELOPMENT OF LOW INCOME APARTMENTS · MA · income $0 · assets $0

Related partnerships on its 2025 return

  • BELLEVUE VETERANS' COMMUNITY LLC

    RELATED · LOW INCOME HOUSING · MA · 50% owned · general or managing partner

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 11 November 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 9 November 2026 and read 9 November 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.