Housing, Shelter

Island Housing Trust Corporation

Building Homes & Preserving Community

West Tisbury, MA

Mission

The Island Housing Trust supports a diverse and vital community on the island of Martha's Vineyard by creating and sustaining permanently affordable rental and ownership housing serving low and moderate income residents.

Ruling Year

2002

Principal Officer

Mr Philippe Jordi

Main Address

PO Box 779

West Tisbury, MA 02575 USA

Keywords

Martha's Vineyard, Affordable Housing, Community Land Trust, Community Development Corporation

EIN

02-0549245

 Number

2342929634

Cause Area (NTEE Code)

Housing Development, Construction, Management (L20)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2017, 2017 and 2016.
Register now

Social Media

Programs + Results

What we aim to solve New!

The island of Martha's Vineyard faces a severe shortage of available year-round housing for rental and homeownership opportunities in all income brackets. This is especially true for those earning in the low and moderate-income brackets. It is estimated that the Island needs 635 affordable rental units to address the current demand.

Our programs

What are the organization's current programs, how do they measure success, and who do the programs serve?

SOURCE: Self-reported by organization

Non-profit Developer

Land Steward

Housing Specialist

Where we workNew!

Charting Impact

Five powerful questions that require reflection about what really matters - results.

SOURCE: Self-reported by organization

What is the organization aiming to accomplish?

What are the organization's key strategies for making this happen?

What are the organization's capabilities for doing this?

How will they know if they are making progress?

What have and haven't they accomplished so far?

Our Vision 2020 goal is to create 100 new homes by the end of 2020 to serve 300 individuals and their families.

The Island Housing Trust (IHT) is a certified Community Development Corporation and Community Land Trust, who acquires and develops suitable properties for both ownership and rental housing by obtaining resources to build or rehabilitate the properties. IHT oversees the development process through completion of construction, and continues to own and ground lease the land with restrictions in the case of ownership housing and own and manage in the case of rental housing.

The Dukes County Regional Housing Authority (DCRHA), a state-chartered housing authority, who manages the IHT's 17 rental units under contract on 4 scattered site properties serving very low, low and moderate-income households. The DCRHA performs accounting functions for the property portfolio and provides waitlist management, income qualification, and rent-up services in compliance with rental restrictions.

The IHT utilizes a nationally recognized ground lease model with restrictions to keep homes permanently affordable. Ongoing support and stewardship services are offered to our homeowners and tenants. This hands-on approach helps safeguard against the threat of foreclosure and alerts IHT to possible financial difficulties.

The IHT is a leading not-for-profit developer and owner-manager of affordable housing properties on the island of Martha's Vineyard. Our portfolio consists of over 80 rental and ownership units located in the towns of Tisbury, Oak Bluffs, Edgartown, West Tisbury, and Aquinnah. Our mission is 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.

During 2017, our development efforts added 68 new units to our development pipeline that are in the planning, permitting or construction stages. Construction began in 2017 and scheduled to be completed in 2018 for a neighborhood of 9 rental apartments at Scotts Grove in West Tisbury, along with two single-family houses that will be sold in Aquinnah.

The IHT is a leading not-for-profit developer and owner-manager of affordable housing properties on the island of Martha's Vineyard. Our portfolio consists of over 80 rental and ownership units located in the towns of Tisbury, Oak Bluffs, Edgartown, West Tisbury, and Aquinnah. Our mission is 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.

External Reviews

Affiliations & Memberships

Citizens’ Housing and Planning Association

Mass Association of Community Development Corporations (MACDC)

Financials

Island Housing Trust Corporation

Need more info on this nonprofit?

Need more info on this nonprofit?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2017, 2017 and 2016
A Pro report is also available for this organization for $125.
Click here to view a Sample Report.

Operations

The people, governance practices, and partners that make the organization tick.

Need more info?

FREE: Gain immediate access to the following:

  • Address, phone, website and contact information
  • Forms 990 for 2017, 2017 and 2016
A Pro report is also available for this organization for $125.
Click here to see what's included.

Board Leadership Practices

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices.

SOURCE: Self-reported by organization

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

Yes

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?

Yes