named programs · 3 · from sources
What they call their work
Ferry Freight Building Project
Conversion of the second floor of Building #209 into six residential units (three two-bedroom and three one-bedroom apartments) completed in 2020 to expand year-round housing stock
Peters Way Project
Original 1987 initiative to build 12 owner-occupied homes on land retained by Walsh Park; uses a resale formula to maintain long-term affordability and community tenure
Winthrop Drive Housing Project
Planned development of four year-round housing units on a 2.5-acre parcel acquired from the Fishers Island School District, designed in collaboration with architects Tod Williams and Billie Tsien
activities · 4 groups
What they do
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Affordable Housing Development and Management 1 activity
- Develops and manages affordable housing units for year-round residents on Fishers IslandOwns and operates 37 properties, including 23 rental homes or apartments and 12 owner-occupied homes, providing affordable housing to year-round residents of Fishers Island. Properties are located at Winthrop Drive, Peters Way, and the Ferry Freight Building #209, with ongoing development and renovation projects to expand housing capacity.
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Low- to Moderate-Income HDFC Housing 1 activity
- Facilitates homeownership opportunities with equity-building and resale restrictionsEnables long-term residents to build equity by selling homes to qualified tenants under a formula-based pricing model that includes restricted resale terms to preserve affordability and community continuity.
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Charity Golf Tournament Fundraiser 1 activity
- Organizes annual charity golf tournament to raise fundsHosts an annual charity golf tournament at Hay Harbor Golf Club to support the organization’s mission and housing programs.
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Uncategorized 1 activity
- Acquires land and properties for community housing developmentAcquired a 24-acre parcel near North Hill in 1987 and initiated acquisition of a 2.5-acre parcel from the Fishers Island School District, with voter approval, to expand housing and community infrastructure.
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financials · form 990 · fy2024
revenue
Total revenue$833K
Contributions & grants$514K62%
Program service revenue$00%
Investment income$29K3%
Other revenue$290K
expenses
Total expenses$823K
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$112K
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$8.93M
Cash$502K
Investments$1K
Liabilities$72K
Net assets$8.85M
Liquid reserves7.3 mo
6 years on record · 2019–2024 · YoY revenue +26.0%
leadership · form 990 part vii · fy2024
Who runs it
board members · 12
- ANDREW BURR — DIRECTOR
- CHRISTAIN ARSENAULT — DIRECTOR
- DAVID BURNHAM — DIRECTOR
- DAVID CONGDON — PRESIDENT
- ELLEN HARVEY — DIRECTOR
- GAIL CYPHERD — DIRECTOR
- JEFF MACDONALD — DIRECTOR
- JOHN VON STADE — DIRECTOR
- KARENA RASSER — DIRECTOR
- MARTIJN RASSER — DIRECTOR
- NED CARLSON — DIRECTOR
- TRUDI EDWARDS — TREASURER
relationships · 12
Who they work with
- Ferry District Partner — Collaborated on the Ferry Building Project to convert space into affordable housing units.
- Ferry District Partner — Joint project partner in the renovation of Ferry Freight Building #209.
- Ferry District Partner — Jointly developed the Ferry Freight Building #209 with Walsh Park.
- Fishers Island Conservancy Partner — Walsh Park considers Fishers Island Conservancy a civic organization whose volunteer participation is valued in tenant selection.
- Fishers Island Development Corporation Partner — Frank W. Burr served as board member and Chairman, contributing to community development initiatives including infrastructure improvements.
- Fishers Island Fire Department Partner — Walsh Park considers Fishers Island Fire Department a civic organization whose volunteer participation is valued in tenant selection.
- Fishers Island School Partner — Walsh Park considers Fishers Island School a civic organization whose volunteer participation is valued in tenant selection.
- Fishers Island School District Partner — Partnered to acquire a 2.5-acre parcel of land for community use.
- Fishers Island School District Partner — Partnered with Walsh Park to develop school-owned property for year-round housing.
- Fishers Island School District Partner — Partnered with Walsh Park to discuss and execute the acquisition of a 2.5-acre parcel of land.
- Hay Harbor Golf Club Partner — Hosts the annual Walsh Park Open charity golf tournament.
- Tod Williams & Billie Tsien Partner — Architectural firm collaborating with Walsh Park to design family housing units on the acquired property.
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Adaptive Reuse of Underutilized Buildings for Housingmethodology: adaptive_reuse_housingBy converting underutilized buildings into residential units, we address housing shortages in a cost-effective and sustainable way, because it leverages existing infrastructure and preserves architectural character while meeting community needs.
- Community Land Trust with Perpetual Affordabilitymethodology: community_land_trustBy retaining land ownership and implementing formula-based resale pricing with restrictions, we ensure long-term affordability and community stability, because it prevents speculative pricing while enabling residents to build equity.
- Housing as a Tool for Civic Engagement and Community Stabilitymethodology: civic_engagement_through_tenancyBy linking tenancy to community contribution and volunteer participation, we strengthen civic engagement and sustain year-round community life, because shared responsibility fosters long-term residency and local vitality.
- Public-Community Partnerships for Housing Developmentmethodology: public_land_partnershipBy partnering with public institutions like school districts, we develop year-round housing on public land, because collaborative models unlock underused assets and align housing supply with community priorities.