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Martha's |
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Island Housing Trust |
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Contact:
Philippe Jordi
Executive Director
P.O. Box 779
West Tisbury, MA 02575
T: 508.693.1117
F: 508.693.5710
Founded: 2001
Mission:
The Island Housing
Trust is a community based non-profit
whose mission is the creation and stewardship of permanently affordable
housing solutions, both ownership and rental, for working island
families and individuals living on Martha's Vineyard.
Major Programs:
LAND STEWARD – the Island
Housing Trust’s nationally
recognized ground lease model helps ensure homeowners’ success and the
home’s permanent affordability
through on-going support and stewardship services. This hands-on approach keeps
foreclosure rates far lower than neighboring market-rate houses, and
ensures that the community’s initial investment is retained and passed along
from one homeowner to the next.
NON-PROFIT DEVELOPER – the
Trust provides a valuable service to the Martha's Vineyard community by building and
renovating green affordable homes, both ownership and rental, efficiently and
cost effectively.
HOUSING SPECIALIST - the
Island Housing Trust offers unique professional services to towns and housing
organizations.
501(c)(3)? Yes
Form 990 Filed? Yes
Basic Financial Information: as of 2010
| Total Income |
$3,569,735
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Total Assets |
$1,434,070
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| Total Expenses |
$4,920,162
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Total Liabilities |
$1,172,438
|
Board Members:
Richard Leonard (Community Rep & President)Paul Moreau (Lesse Rep & Treasurer)
Victoria Haeselbarth (Lesse Rep & Clerk)
Richard Bluestein (Community Rep)
Matt Coffey (Lessee Rep)
Warren Doty (Chilmark Rep)
Janet Heath (Lessee Rep)
Tristan Israel (Tisbury Rep)
Richard Knabel (West Tisbury Rep)
Andre Mallegol (DCRHA Rep)
Darran Reubens (Community Rep)
Doug Ruskin (Community Rep)
Wendy Swolinzky (Lessee Rep)
James Westervelt (Oak Bluffs Rep)
Other Information:
The Island Housing Trust's business plan is to achieve operational self-sufficiency over the next five-years by building and diversifying our revenue sources from ground lease fees as we purchase and sell more homes; project fee for service; foundations and state grants;
and our supporting members. Your financial support is an essential part of this plan that will allow us to create more homeownership and rental opportunities for working island families and individuals locked-out of the Vineyard’s housing market.
The Island Housing Trust has partnered with the Martha’s Vineyard Land Bank in joint land purchases that have resulted in land conservation and affordable housing.
Discounted or bargain property sales to the Island Housing Trust can provide important tax benefits to property owners who are faced with significant estate or capital gains taxes.
