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Nonprofiteer
← NASHUA STREET CORPORATION

Form 990 for tax year 2023

Filed by NASHUA STREET CORPORATION.

Totals

Total revenue
$158,759
Total expenses
$212,454
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$158,332
Investment income
$427
Other revenue
$0
Total assets, end of year
$832,944
Total liabilities, end of year
$253,815
Net assets or fund balances, end of year
$579,129
Program services expenses (Part IX)
$191,208
Management and general expenses
$21,246
Fundraising expenses
$0
Program service expenses (Part III)
$191,208

Program services were 90.0% 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.

  • 2a · Program service revenue: RENTAL REVENUE

    total $133,367 · related or exempt $133,367

  • 2b · Program service revenue: OTHER PROGRAM RELATED REVENUE

    total $24,965 · related or exempt $24,965

  • 3 · Investment income

    total $427 · unrelated business $0 · excluded $427

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $7,080 · program services $6,372 · management and general $708

  • 11b · Fees: legal

    total $1,600 · program services $1,440 · management and general $160

  • 11c · Fees: accounting

    total $15,939 · program services $14,345 · management and general $1,594

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $9,664 · program services $8,698 · management and general $966

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $51,722 · program services $46,550 · management and general $5,172

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $27,014 · program services $24,313 · management and general $2,701

  • 23 · Insurance

    total $378 · program services $340 · management and general $38

  • 24a · Other expenses: ALLOC. OF PERSONNEL COSTS

    total $52,649 · program services $47,384 · management and general $5,265

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $26,586 · program services $23,927 · management and general $2,659

  • 24c · Other expenses: PURCHASED SERVICES

    total $19,478 · program services $17,530 · management and general $1,948

  • 24d · Other expenses: OTHER EXPENSES

    total $344 · program services $309 · management and general $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $45,592 · end of year $33,406

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $39 · end of year $24

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $1,160,511

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

    $584,477

  • 10c · Land, buildings and equipment, net

    beginning of year $603,047 · end of year $576,034

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $197,547 · end of year $223,480

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,654 · end of year $23,954

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $2,269 · end of year $973

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $158,513 · end of year $228,888

  • 27 · Net assets without donor restrictions

    beginning of year $74,209 · end of year $20,514

  • 28 · Net assets with donor restrictions

    beginning of year $583,580 · end of year $558,615

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING FACILITIES TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS, DESIGNED TO MEET OCCUPANTS' PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS; IN CONJUNCTION WITH AND IN SUPPORT OF THE PROVIDENCE CENTER, INC.; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3) TAX-EXEMPT AFFILIATE.

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING FACILITIES TO INDIVIDUALS WITH CHRONIC MENTAL ILLNESS; IN CONJUNCTION WITH AND IN SUPPORT OF THE PROVIDENCE CENTER, INC.

  • EXPENSES INCURRED IN MANAGING 11 UNITS OF LOW-INCOME HOUSING FOR INDIVIDUALS WITH CHRONIC MENTAL ILLNESS.

    Expenses $191,208 · Revenue $158,332

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Marran

    PRESIDENT - TRUSTEE

    Total calculated
    $790,037
    From this org
    $0
    From related orgs
    $706,462
    Other
    $83,575
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $503,690 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $2,772 related
    Deferred
    $0 + $72,174 related
    Nontaxable benefits
    $0 + $11,401 related
    Filer's total
    $0 + $790,037 related

  • Stephen E Burke

    VP OF FINANCE

    Total calculated
    $340,508
    From this org
    $0
    From related orgs
    $324,242
    Other
    $16,266
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $0 + $232,977 related
    Bonus
    $0 + $89,950 related
    Other
    $0 + $1,315 related
    Deferred
    $0 + $6,773 related
    Nontaxable benefits
    $0 + $9,493 related
    Filer's total
    $0 + $340,508 related

  • James A Botvin

    SECRETARY - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jana M Planka

    TREASURER - TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART VII AND SCHEDULE J
IN ACCORDANCE WITH INTERNAL REVENUE SERVICE FORM 990 RULES, REGULATIONS AND INSTRUCTIONS, THE COMPENSATION REPORTED IN CORE FORM, PART VII AND SCHEDULE J, PART II OF THIS FORM 990 IS DERIVED FROM 2023 FORMS W-2 AND FORMS 1099 (IF APPLICABLE).
SCHEDULE J, PART I; QUESTION 4B
The deferred compensation amount in column c for the following individual includes unvested benefits in an internal revenue code section 457(f) plan (non-qualified deferred compensation plan) which are subject to a substantial risk of complete forfeiture. Accordingly, she may never actually receive this unvested benefit amount. The amounts outlined herein were not included her 2023 form w-2, box 5, as taxable medicare wages: MARY MARRAN, $49,999.
SCHEDULE J, PART I; QUESTION 6A & 6B
THE EXECUTIVE COMPENSATION PACKAGE FOR VARIOUS INDIVIDUALS REPORTED ON THIS FORM 990 CONSISTS OF BOTH A FIXED SALARY AND ADDITIONAL AT-RISK COMPENSATION THAT IS BASED ON SEVERAL QUALITATIVE AND QUANTITATIVE COMPONENTS. THE AT-RISK COMPENSATION IS COMPRISED OF SHORT-TERM FACTORS AS FOLLOWS. THE SHORT-TERM INCENTIVE PROGRAM PROVIDES AN OPPORTUNITY FOR PROGRAM PARTICIPANTS TO EARN AN INCENTIVE AWARD BASED ON THE ACHIEVEMENT OF CRITICAL STRETCH GOALS THAT RECOGNIZE PERFORMANCE ABOVE EXPECTATIONS. THESE GOALS ARE MEASURED FOR EACH FISCAL PERIOD IN THE FOLLOWING CRITICAL AREAS: QUALITY, FINANCIAL AND PATIENT SATISFACTION.
SCHEDULE J, PART I; QUESTION 7
CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A BONUS DURING CALENDAR YEAR 2023 WHICH AMOUNTS WERE INCLUDED IN COLUMN B(II) HEREIN AND IN EACH INDIVIDUAL'S 2023 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. PLEASE REFER TO THIS SECTION OF THE FORM 990, SCHEDULE J FOR THIS INFORMATION BY PERSON BY AMOUNT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • TOLL GATE INDEMNITY LTD

    C CORP. · FINANCIAL VEHICLE · CJ

    Directly controlled by NA

  • W & I INDEMNITY LTD

    C CORP. · FINANCIAL VEHICLE · CJ

    Directly controlled by NA

  • BOULEVARD MEDICAL CONDO ASSOCIATION

    C CORP. · REAL ESTATE · RI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512279349301716

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