Island Housing Trust Corporation
To own and lease land for the purpose of developing, building and maintaining affordable housing on martha's vineyard, Massachusetts.
Island Housing Trust Corporation at a glance
- Total assets
- $47,946,199
- +2.8% vs 2024
- Revenue (2025)
- $7,568,728
- -24.9% vs 2024
- Net investment income (2025)
- $270,279
- +99.7% vs 2024
- Expenses (2025)
- $7,268,806
- +41.9% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Island Housing Trust Corporation funds
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Island Housing Trust Corporation gives
- Giving fell 27% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $21K (2019) to $600K (2022). In 2024 it made 1 grant totaling $400K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Island Autism Group Inc Edgartown, MA | Continuing Development of Campus | $400,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $47,946,199 | $7,568,728 | $7,268,806 | — | — | $270,279 |
| 2024 | $46,644,818 | $10,071,962 | $5,121,979 | $400,000 | 1 | $135,369 |
| 2023 | $39,963,181 | $5,790,854 | $4,383,899 | $90,135 | 1 | $113,738 |
| 2022 | $36,550,950 | $5,890,388 | $3,058,527 | $600,000 | 1 | $202,144 |
| 2021 | $30,027,553 | $5,778,836 | $2,738,182 | $550,000 | 3 | $1,835 |
| 2020 | $24,395,346 | $4,899,334 | $2,217,411 | $285,600 | 2 | $-500,702 |
| 2019 | $22,272,461 | $2,688,318 | $1,427,866 | $21,175 | 2 | $5,071 |
About Island Housing Trust Corporation
Based on IRS filings
Island Housing Trust Corporation is a public charity focused on Housing & Shelter, based in West Tisbury, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $47.9M in total assets. Net investment income was $270K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Island Housing Trust Corporation is led by Philippe Jordi, Executive Director on every filing since 2019; 5 of 18 officers listed in 2025 are compensated.
Officers on the 2025 filing
Philippe Jordi
Executive Director
On filings since 2019
40 hrs/week
$106K (2019) → $187K (2025)
Pamela Craven
Chair
Assistant Clerk → President, 2023
President → Chair, 2025
On filings since 2019
2 hrs/week
No compensation reported
Breeze Tonnesen
COO & Communications Director
Chief Administartive Officer → COO & Communications Director, 2024
On filings since 2023
37.5 hrs/week
$108K (2023) → $129K (2025)
Keith McGuire
Project Development Director
Real Estate Project Director → Project Development Director, 2024
On filings since 2023
40 hrs/week
$116K (2023) → $126K (2025)
Terese Bernert
Director of Real Estate
On filings since 2024
40 hrs/week
$124K (2024) → $131K (2025)
Delos Lander
Director
Vice President → Vice President & Director, 2023
Vice President & Director → Director, 2024
On filings since 2019
1 hr/week
No compensation reported
Victoria Haeselbarth
Director
Director → Vice President, 2023
Vice President → Director, 2024
On filings since 2020
1 hr/week
No compensation reported
Barbara Bellissimo
Director
On filings since 2023
1 hr/week
No compensation reported
Jason Mazar-Kelly
Director
On filings since 2023
1 hr/week
No compensation reported
Karen Tewhey
Director
On filings since 2023
1 hr/week
No compensation reported
Beverly Wright
Director
On filings since 2024
1 hr/week
No compensation reported
Jane Hawkes
Director
On filings since 2024
1 hr/week
No compensation reported
Lisa Berkower
Director
On filings since 2024
1 hr/week
No compensation reported
Ellen Biskis
Controller
On filings since 2024
40 hrs/week
$118K (2024) → $130K (2025)
Norman Werthwein
Treasurer
Director → Treasurer, 2022
On filings since 2021
2 hrs/week
No compensation reported
John Schaefer
Vice Chair
Director → Vice President, 2024
Vice President → Vice Chair, 2025
On filings since 2023
2 hrs/week
No compensation reported
Bob Egerton
Vice Treasurer
On filings since 2024
2 hrs/week
No compensation reported
Moss Hanrahan
Clerk
New on the 2025 filing
2 hrs/week
No compensation reported
Former officers (16)
- Former: Doug Ruskin (2019–2024) — Clerk
- Former: Wendy Wolf (2020–2024) — Director
- Former: James Hanrahan (2023–2024) — Director & Clerk
- Former: Bob Green (2019–2023) — Director
- Former: Peter Freeman (2019–2023) — Clerk
- Former: Richard Leonard (2019–2023) — Director
- Former: Jefrey Dubard (2021–2023) — Director
- Former: Michelle Vivian-Jemison (2021–2023) — Director
- Former: Sophia Welch (2021–2023) — Director
- Former: Robert Egerton (2022–2023) — Director
- Former: Joanna McCarthy (2023) — Chief Advancement Advisor
- Former: Dan Seidman (2019–2022) — Treasurer
- Former: Trey Rasmussen (2019–2022) — Director
- Former: Debra Cedeno (2019–2020) — Director
- Former: Juliann Vanderhoop (2019–2020) — Director
- Former: Wendy Swolinzky (2019–2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $187K, to Philippe Jordi (Executive Director). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Island Housing Trust Corporation
How large is Island Housing Trust Corporation?
Island Housing Trust Corporation reported $47.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $7.6M.
What is Island Housing Trust Corporation?
Island Housing Trust Corporation is a public charity focused on Housing & Shelter, based in West Tisbury, MA. It holds $47.9M in total assets as of 2025.
Where does Island Housing Trust Corporation operate?
Island Housing Trust Corporation has awarded grants in Massachusetts.
What is Island Housing Trust Corporation's EIN?
Island Housing Trust Corporation's EIN (Employer Identification Number) is 02-0549245. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2024 (received by the IRS July 10, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS April 29, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS April 26, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS June 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 31, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS June 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Island Housing Trust Corporation funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Island Housing Trust Corporation's focus areas in our free grants database
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Figures come from Island Housing Trust Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Island Housing Trust Corporation down — hundreds of funders to go?