Island Affordable Housing Fund Inc

EIN: 043438639 501(c)(3) Housing & Shelter

Vineyard Haven, MA

Total Revenue
$492,974
Total Expenses
$100,122
Total Assets
$573,897
Net Assets
$573,897
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
Principal Officer
Kimberly Angell
Phone
5083201160
Tax Period
2024-01-01 to 2024-12-31

Island Affordable Housing Fund Inc, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $493K in total revenue in fiscal year 2024. The organization ran a surplus of $393K, a strong 80% operating margin.

Mission

To promote affordable housing on the island of Martha's Vineyard and other charitable and educational purposes in such a manner that the Corporation will qualify as an exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended from time to time

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $492,974
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $492,974

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $100,000
Other Expenses $122
TOTAL EXPENSES $100,122

Year-over-Year Comparison

2024 2023 Change
Revenue $492,974 N/A N/A
Expenses $100,122 N/A N/A
Net Income $392,852 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Angell President 0.00
Officer
$0 $0 $0
John R Abrams Secretary 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $492,974 $100,122 $573,897 $392,852
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