NHA PROPERTIES INC

As filed

Subsection

03

NTEE code

L80Z

Classification

1000

Street

75 OLD SOUTH RD

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE AFFORDABLE RENTAL PROGRAM AND HOUSE RECYCLING PROGRAM - THE AFFORDABLE RENTAL PROGRAM IS A SCATTERED SITE PROGRAM OF 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 $1,286,245 · Revenue $1,029,863

• 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 $79,073 · Revenue $25,451

• HOUSING NANTUCKET LEASE TO LOCALS PROGRAM - PROVIDES INCENTIVE TO LOCAL LANDLORDS TO LEASE THEIR PROPERTIES TO QUALIFIED LOCAL RESIDENTS.

  Expenses $497,625 · Grants $364,750

• Expenses $17,061 · Revenue $14,784

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $7,406,029

  Expenses

  $2,235,938

  Contributions

  $5,808,559

  Grants paid

  $364,750

• 2023

  Revenue

  $5,545,107

  Expenses

  $1,366,425

  Contributions

  $3,783,636

  Grants paid

  $0

• 2022

  Revenue

  $3,495,787

  Expenses

  $1,298,054

  Contributions

  $2,678,080

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,237,265

  Expenses

  $1,027,375

  Assets (EOY)

  $19,174,411

• 2020 · 990

  Revenue

  $4,881,456

  Expenses

  $926,322

  Assets (EOY)

  $15,697,288

• 2019 · 990

  Revenue

  $902,363

  Expenses

  $962,471

  Assets (EOY)

  $11,341,462

• 2018 · 990

  Revenue

  $1,580,266

  Expenses

  $915,331

  Assets (EOY)

  $11,460,721

• 2017 · 990

  Revenue

  $997,035

  Expenses

  $925,899

  Assets (EOY)

  $10,995,158

• 2016 · 990

  Revenue

  $1,291,429

  Expenses

  $846,395

  Assets (EOY)

  $11,061,836

• 2015 · 990

  Revenue

  $1,646,557

  Expenses

  $837,139

  Assets (EOY)

  $10,455,082

• 2014 · 990

  Revenue

  $1,350,934

  Expenses

  $884,236

  Assets (EOY)

  $9,615,528

• 2013 · 990

  Revenue

  $1,652,809

  Expenses

  $745,366

  Assets (EOY)

  $9,422,222

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $674,653

  Assets (EOY)

  $8,620,680

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• COMMUNITY FOUNDATION FOR NANTUCKET

  $374,533

  2023 · HOUSING

• UNITED WAY OF MASSACHUSETTS BAY INC

  $298,590

  2023 · Community Impact

• COMMUNITY FOUNDATION FOR NANTUCKET

  $224,673

  2022 · HOUSING

• COMMUNITY FOUNDATION FOR NANTUCKET

  $196,587

  2024 · HOUSING SHELTER

• UNITED WAY OF MASSACHUSETTS BAY INC

  $84,642

  2022 · Community Impact

• UNITED WAY OF MASSACHUSETTS BAY INC

  $55,800

  2024 · Community Impact

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $50,900

  2024 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $32,830

  2022 · For grant recipient's exempt purposes

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $32,600

  2023 · For grant recipient's exempt purposes

• COMMUNITY FOUNDATION FOR NANTUCKET

  $29,673

  2022 · HOUSING SHELTER

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files