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Nonprofiteer
← NANTUCKET COMMUNITY SERVICE INC

Form 990 for tax year 2025

Filed by NANTUCKET COMMUNITY SERVICE INC.

Totals

Total revenue
$667,326
Total expenses
$513,098
Contributions and grants received
$314,570
Grants paid
$0
Program service revenue
$309,193
Investment income
$63
Other revenue
$43,500
Total assets, end of year
$1,764,205
Total liabilities, end of year
$971,940
Net assets or fund balances, end of year
$792,265
Program services expenses (Part IX)
$387,113
Management and general expenses
$125,985
Fundraising expenses
$0
Program service expenses (Part III)
$387,113

Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $101,465

  • 1f · All other contributions, gifts and grants

    $213,105

  • 2a · Program service revenue: RENTAL SUBSIDIES- HUD

    total $209,026 · related or exempt $209,026

  • 2b · Program service revenue: RENTAL INCOME - TENANT

    total $100,167 · related or exempt $100,167

  • 3 · Investment income

    total $63 · excluded $63

  • 11a · Other revenue: MANAGEMENT FEE

    total $43,500 · related or exempt $43,500

  • 11e · Other revenue, total

    $43,500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $127,595 · program services $63,798 · management and general $63,797

  • 9 · Other employee benefits

    total $30,925 · program services $15,462 · management and general $15,463

  • 10 · Payroll taxes

    total $10,072 · program services $5,036 · management and general $5,036

  • 11b · Fees: legal

    total $341 · management and general $341

  • 11c · Fees: accounting

    total $29,000 · management and general $29,000

  • 11g · Fees: other

    total $2,536 · program services $50 · management and general $2,486

  • 13 · Office expenses

    total $9,659 · management and general $9,659

  • 16 · Occupancy

    total $103,713 · program services $103,713

  • 20 · Interest

    total $86,121 · program services $86,121

  • 22 · Depreciation, depletion and amortization

    total $71,175 · program services $71,175

  • 23 · Insurance

    total $35,211 · program services $35,008 · management and general $203

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $6,750 · program services $6,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25 · end of year $165,730

  • 3 · Pledges and grants receivable

    end of year $17,504

  • 4 · Accounts receivable

    end of year $198

  • 10a · Land, buildings and equipment: cost or other basis

    $3,130,552

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,575,477

  • 10c · Land, buildings and equipment, net

    beginning of year $1,434,103 · end of year $1,555,075

  • 15 · Other assets

    beginning of year $25,579 · end of year $25,698

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,545 · end of year $106,422

  • 18 · Grants payable

    end of year $99,603

  • 23 · Secured mortgages and notes payable

    beginning of year $800,985 · end of year $758,927

  • 25 · Other liabilities

    beginning of year $7,140 · end of year $6,988

  • 27 · Net assets without donor restrictions

    beginning of year $638,037 · end of year $792,265

Mission and programs · 2025

Mission

PROVIDE LOW INCOME ELDERLY HOUSING.

Activities or mission (Part I)

LOW INCOME ELDERLY HOUSING

  • THE ORGANIZATION OPERATES A HOUSING FACILITY FOR LOW INCOME AND DISABLED ELDERLY NANTUCKET RESIDENTS THROUGH A LOAN/RENT SUBSIDY ARRANGEMENT WITH FARMERS HOME ADMINISTRATION

    Expenses $387,113 · Revenue $352,693

As filed on the 2025 return.

Listed in Part VII

  • Lynn Medeiros

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Leanne Bell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Woody Lindley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Virginia Breschneider

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Kotolac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Holden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Georgina Sharman

    EXECUTIVE DIRECTOR

    Total calculated
    $132,784
    From this org
    $101,859
    From related orgs
    $0
    Other
    $30,925
    Hours/week
    30 + 10 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
21 May 2026
IRS schema version
2025v4.1
Source object
202621469349300802

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