Island Housing Trust Corporation
Only null% goes to programs Strong reserves Growing revenue
Island Housing Trust Corporation is a 501(c)(3) organization based in West Tisbury, Massachusetts, registered in 2002, with $10,071,962 in FY2024 revenue. CharityIndex grades it B.
Po Box 779, West Tisbury, MA, 02575 EIN 02-0549245 Since 2002
Revenue (FY2024)
$10.1M
▲ 73.9% vs prior year
Housing median: $408K
Expenses (FY2024)
$5.1M
Net assets
$30.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Island Housing Trust Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating72 mo reserves · +49% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Island Housing Trust Corporation: 72 mo reserves · +49% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Island Housing Trust Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Island Housing Trust Corporation: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- Po Box 779, West Tisbury, MA, 02575
- City
- West Tisbury
- State
- Massachusetts
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $1.6M (FY2013) to $10.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $16.0MNet assets $30.6M
Operating margin
49.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$46.6M
Total liabilities
$16.0M
Net assets
$30.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,071,962▲73.9% | $5,121,979▲16.8% | $30,603,366▲19.3% | $46,644,818▲16.7% | 990 |
| 2023 | $5,790,854▼1.7% | $4,383,899▲43.3% | $25,642,212▲6.1% | $39,963,181▲9.3% | 990 |
| 2022 | $5,890,388▲1.9% | $3,058,527▲11.7% | $24,168,833▲13.3% | $36,550,950▲21.7% | 990 |
| 2021 | $5,778,836▲18.0% | $2,738,182▲23.5% | $21,332,599▲16.6% | $30,027,553▲23.1% | 990 |
| 2020 | $4,899,334▲82.2% | $2,217,411▲55.3% | $18,291,945▲17.2% | $24,395,346▲9.5% | 990 |
| 2019 | $2,688,318▲2.1% | $1,427,866▲12.7% | $15,610,022▲8.8% | $22,272,461▲14.3% | 990 |
| 2018 | $2,633,220▼9.1% | $1,266,996▲39.3% | $14,349,570▲16.8% | $19,481,491▲33.8% | 990 |
| 2017 | $2,897,932▼34.4% | $909,672▲23.9% | $12,289,143▲29.6% | $14,560,736▲21.9% | 990 |
| 2016 | $4,419,955▲134% | $734,013▲29.8% | $9,481,287▲63.6% | $11,941,251▲66.3% | 990 |
| 2015 | $1,889,796▲3.9% | $565,668▲17.9% | $5,795,345▲29.6% | $7,181,440▲26.8% | 990 |
| 2014 | $1,819,110▲11.1% | $479,634▼65.4% | $4,471,217▲42.8% | $5,665,203▲67.9% | 990 |
| 2013 | $1,637,810 | $1,385,525▲4.6% | $3,131,741▲8.8% | $3,373,482▲5.2% | 990 |
| 2012 | — | $1,324,721▲668% | $2,879,456▲115% | $3,208,129▲102% | 990 |
| 2011 | — | $172,467▲17.8% | $1,341,173▲14.4% | $1,590,158▲10.9% | 990 |
| 2010 | — | $146,392 | $1,172,438 | $1,434,070 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10.3M total
72 grants to Island Housing Trust Corporation totaling $10.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $160,000 |
| Impactassets Inc | General support | 2024 | $24,000 |
| Ayco Charitable Foundation | Community & human services | 2024 | $20,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| The New York Community Trust | For general support. | 2024 | $10,000 |
| American Endowment Foundation | Housing, shelter | 2024 | $7,500 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $1,011,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $442,388 |
| Combined Jewish Philanthropies of Greater Boston Inc | Daf - housing | 2023 | $250,500 |
| National Philanthropic Tr | Human services | 2023 | $129,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $34,500 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2023 | $25,000 |
| Associated Jewish Charities of Baltimore | General support | 2023 | $25,000 |
| Impactassets Inc | General support | 2023 | $23,750 |
| Ayco Charitable Foundation | Community & human services | 2023 | $19,500 |
Similar organizations in Housing
Housing
Boston Rescue Mission Inc
Boston, MA
$10.0M
Bannual revenue
- Housing
Cambridge Community Housing Development Inc
Cambridge, MA
$9.9M
Fannual revenue
Housing
Initiative For A Competitive Inner City Inc
Boston, MA
$9.9M
Bannual revenue
Housing
Fenway Community Development Corp
Boston, MA
$9.8M
Bannual revenue
Housing
Chelsea Jewish North Shore Assisted Living Inc
Peabody, MA
$10.9M
Bannual revenue
- Housing
United Residents In Academy Homes II Inc
Roxbury, MA
$10.9M
C+annual revenue
Housing
Caritas Communities Inc
Braintree, MA
$9.2M
Dannual revenue
Housing
The Housing Partnership Fund Inc
Boston, MA
$11.1M
Bannual revenue
Housing
Homeowners Rehab Inc
Cambridge, MA
$8.9M
Bannual revenue
- Housing
Ccba Tai Tung Management Inc
Boston, MA
$11.4M
C+annual revenue
Compare Island Housing Trust Corporation
Frequently asked questions
- Is Island Housing Trust Corporation a legitimate nonprofit?
- Yes. Island Housing Trust Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 02-0549245, based in West Tisbury, Massachusetts. Donations are tax-deductible.
- What is Island Housing Trust Corporation's EIN?
- Island Housing Trust Corporation's Employer Identification Number (EIN) is 02-0549245.
- How much revenue does Island Housing Trust Corporation report?
- Island Housing Trust Corporation reported $10,071,962 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Island Housing Trust Corporation have?
- CharityIndex grades Island Housing Trust Corporation B, based on financial health (reserves and operating margin).
More nonprofits in West Tisbury
Explore more
Data for Island Housing Trust Corporation (EIN 02-0549245) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.