Totals
- Total revenue
- $5,545,107
- Total expenses
- $1,366,425
- Contributions and grants received
- $3,783,636
- Grants paid
- $0
- Program service revenue
- $862,762
- Investment income
- $911,004
- Other revenue
- -$12,295
- Total assets, end of year
- $31,956,393
- Total liabilities, end of year
- $10,095,629
- Net assets or fund balances, end of year
- $21,860,764
- Program services expenses (Part IX)
- $1,119,603
- Management and general expenses
- $207,157
- Fundraising expenses
- $39,665
- Program service expenses (Part III)
- $1,119,603
Program services were 81.9% 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.
-
1a · Federated campaigns
$297,600
-
1c · Fundraising events
$106,988
-
1e · Government grants (contributions)
$2,500,000
-
1f · All other contributions, gifts and grants
$879,048
-
1g · Noncash contributions included above
$400,000
-
2a · Program service revenue: RENTS & TENANT RELATED
total $842,758 · related or exempt $842,758
-
2b · Program service revenue: PROGRAMS
total $12,654 · related or exempt $12,654
-
2c · Program service revenue: COVENANT INCOME
total $7,350 · related or exempt $7,350
-
3 · Investment income
total $36,041 · excluded $36,041
-
7a · Gross sales of assets other than inventory
securities $60,933 · other assets $1,656,578
-
7b · Less cost or other basis and sales expenses
securities $56,773 · other assets $785,775
-
7c · Gain or loss
securities $4,160 · other assets $870,803
-
7d · Net gain or loss
total $874,963 · excluded $874,963
-
8a · Fundraising events: gross income
$18,529
-
8a · Fundraising events: contributions included on line 1c
$106,988
-
8b · Fundraising events: direct expenses
$33,167
-
8c · Net income from fundraising events
total -$14,638 · excluded -$14,638
-
11a · Other revenue: MISC. INCOME
total $2,343 · excluded $2,343
-
11e · Other revenue, total
$2,343
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $175,000 · program services $140,000 · management and general $35,000
-
7 · Other salaries and wages
total $277,301 · program services $156,661 · management and general $91,100 · fundraising $29,540
-
8 · Pension plan contributions
total $15,472 · program services $8,032 · management and general $6,554 · fundraising $886
-
9 · Other employee benefits
total $31,298 · program services $22,716 · management and general $8,582
-
10 · Payroll taxes
total $33,860 · program services $22,408 · management and general $9,233 · fundraising $2,219
-
11b · Fees: legal
total $1,668 · management and general $1,668
-
11c · Fees: accounting
total $15,250 · management and general $15,250
-
11f · Fees: investment management
total $4,938 · management and general $4,938
-
11g · Fees: other
total $4,100 · fundraising $4,100
-
12 · Advertising and promotion
total $33,906 · program services $33,906
-
13 · Office expenses
total $4,923 · program services $2,326 · management and general $2,597
-
14 · Information technology
total $7,941 · program services $1,058 · management and general $4,123 · fundraising $2,760
-
16 · Occupancy
total $28,925 · program services $25,890 · management and general $3,035
-
20 · Interest
total $16,026 · program services $16,026
-
22 · Depreciation, depletion and amortization
total $366,000 · program services $349,219 · management and general $16,781
-
23 · Insurance
total $82,826 · program services $77,372 · management and general $5,294 · fundraising $160
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $241,324 · program services $241,324
-
24b · Other expenses: LANDSCAPING
total $18,327 · program services $18,327
-
24c · Other expenses: OTHER EXPENSES
total $7,340 · program services $4,338 · management and general $3,002
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $211,220 · end of year $131,815
-
2 · Savings and temporary cash investments
beginning of year $567,660 · end of year $306,078
-
4 · Accounts receivable
beginning of year $11,709 · end of year $11,592
-
9 · Prepaid expenses and deferred charges
beginning of year $10,774 · end of year $15,485
-
10a · Land, buildings and equipment: cost or other basis
$36,109,966
-
10b · Land, buildings and equipment: accumulated depreciation
$5,182,643
-
10c · Land, buildings and equipment, net
beginning of year $25,416,047 · end of year $30,927,323
-
11 · Investments: publicly traded securities
beginning of year $514,712 · end of year $564,100
-
17 · Accounts payable and accrued expenses
beginning of year $16,992 · end of year $241,614
-
23 · Secured mortgages and notes payable
beginning of year $9,047,804 · end of year $9,823,761
-
25 · Other liabilities
beginning of year $21,954 · end of year $30,254
-
27 · Net assets without donor restrictions
beginning of year $16,027,172 · end of year $20,207,564
-
28 · Net assets with donor restrictions
beginning of year $1,618,200 · end of year $1,653,200
Mission and programs · 2023
Mission
PROVIDE SAFE, SANITARY, AND SUITABLE LIVING ACCOMMODATIONS FOR LOW, MODERATE, AND MIDDLE INCOME PERSONS WITHIN NANTUCKET COUNTY.
Activities or mission (Part I)
TO CREATE AND SUPPORT DIVERSE TYPES OF SAFE, SUITABLE, AND SANITARY LIVING ACCOMODATIONS FOR LOW, MODERATE AND MIDDLE INCOME YEAR-ROUND RESIDENTS OF NANUTUCKET COUNTY. THIS MISSION IS ACCOMPLISHED THROUGH RENTAL, HOMEOWNERSHIP, AND EDUCATIONAL PROGRAMMING.
-
THE AFFORDABLE RENTAL PROGRAM AND HOUSE RECYCLING PROGRAM - THE AFFORDABLE RENTAL PROGRAM IS A SCATTERED SITE PROGRAM OF 38 AFFORDABLE YEAR-ROUND RENTAL HOMES AVAILABLE TO LOW, MODERATE AND MIDDLE-INCOME NANTUCKET RESIDENTS. MOST OF THESE HOMES HAVE BEEN DEVELOPED THROUGH THE HOUSE RECYCLING PROGRAM, AND SOME WERE NEWLY CONSTRUCTED. HOUSE RECYCLING IS AN INNOVATIVE AND COST-EFFECTIVE PROGRAM WHERE PRIVATE INDIVIDUALS DONATE UNWANTED BUT STRUCTURALLY SOUND DWELLINGS TO HOUSING NANTUCKET (HN). HN RELOCATES BUILDINGS TO HN'S LAND, WHICH IS PERMANENTLY DEED-RESTRICTED FOR AFFORDABLE HOUSING PURPOSES. THEN HN REHABILITATES AND RENTS THE DWELLINGS AT AFFORDABLE RATES TO INCOME-QUALIFIED YEAR-ROUND NANTUCKET RESIDENTS. DWELLINGS RANGE FROM ONE-BEDROOM COTTAGES TO FOUR-BEDROOM HOMES. PROPERTIES ARE REGULARLY INSPECTED AND MAINTAINED TO ENSURE QUALITY LIVING ENVIRONMENTS FOR TENANTS.
Expenses $1,030,634 · Revenue $842,758
-
THE NANTUCKET HOUSING NEEDS COVENANT PROGRAM - (THE COVENANT PROGRAM) CREATES SCATTERED SITE, MIDDLE INCOME HOME-OWNERSHIP OPPORTUNITIES. TO INCENTIVIZE THE INITIAL CREATION OF A COVENANT HOME, PRIVATE PROPERTY OWNERS ARE ALLOWED ZONING RELIEF WHICH ENABLES THEM TO SELL A PORTION OF THEIR LAND THAT IS OTHERWISE NOT SUB-DIVIDABLE. IN EXCHANGE, THE OWNERS RECORD A DEED RESTRICTION WHICH PERMANENTLY RESTRICTS OWNERSHIP TO QUALIFIED YEAR-ROUND ISLANDERS. COVENANT HOME PURCHASERS MUST BE YEAR-ROUND RESIDENTS EARNING LESS THAN 150% OF THE AREA MEDIAN INCOME. THE TRANSACTION PRICE OF A COVENANT HOME MUST BE BELOW THE MAXIMUM SALE PRICE, WHICH IS RESET ANNUALLY AND DETERMINED BY AN AFFORDABILITY FORMULA. COVENANT HOMEOWNERS ARE SUBJECT TO A RESIDENCY/OCCUPANCY REQUIREMENT AS WELL AS RESALE RESTRICTIONS.
Expenses $73,369 · Revenue $7,350
-
HOUSING NANTUCKET'S EDUCATIONAL PROGRAMMING - INCLUDES FIRST TIME HOME-BUYER EDUCATION AND REBUILDING YOUR CREDIT CLASSES. THESE CLASSES ARE OFFERED THROUGH TRADITIONAL CLASSROOM LEARNING AS WELL AS THROUGH AN ONLINE PLATFORM.
Expenses $15,600 · Revenue $12,654
-
RELOCATABLE DWELLING PROGRAM - WHEN HN CANNOT USE STRUCTURALLY SOUND DWELLINGS THAT ARE OFFERED TO THEM THROUGH THE HOUSE RECYCLING PROGRAM, HN WILL SELL THE DWELLING TO A THIRD PARTY WHO IS RESPONSIBLE FOR MOVING THE DWELLING VIA AN ASSIGNMENT OF HOUSING NANTUCKET'S RIGHT ON THE DONATED PROPERTY.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Peter T KaizerPETER T KAIZER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Stacy G MontesSTACY G MONTES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Paul A Wolf JrPAUL A WOLF JR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robert LiddleROBERT LIDDLE
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Bertyl V JohnsonBERTYL V JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dobrimir SultanovDOBRIMIR SULTANOV
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rose Marie SamuelsROSE MARIE SAMUELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Liliana KovacevicLILIANA KOVACEVIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eillen TaverasEILLEN TAVERAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne KuszpaANNE KUSZPA
EXECUTIVE DIRECTOR
- Total calculated
- $209,268
- From this org
- $175,000
- From related orgs
- $0
- Other
- $34,268
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,000
- Bonus
- $0
- Other
- $0
- Deferred
- $8,400
- Nontaxable benefits
- $25,868
- Filer's total
- $209,268
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
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- COMPENSATION IS DETERMINED BY THE BOARD USING AVAILABLE INFORMATION FROM OTHER ISLAND ORGANIZATION'S OF SIMILAR SIZE.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 2 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521349349303062
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