Nha Properties INC FY2021 filing

Tax-deductible

Nantucket, MA501(c)(3)Since 1994HousingEIN 04-3247717Revenue $4.9M in FY2021

On file with the IRShousingnantucket.org75 Old South Rd, 02554-2821 · Nantucket, MATax-exempt since Sep 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Provide safe, sanitary, and suitable living accommodations for low, moderate, and middle income persons within nantucket county.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$121K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $3.3M a year · 71% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $76K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.9M
Spent
$926K
To programs
83%
Net assets
$14.2M
By yearFY2021–FY2025
Revenue
$4.9M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$4.9M
FY2022$2.2M
FY2023$3.5M
FY2024$5.5M
FY2025$7.4M
Expenses
$926K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$926K
FY2022$1.0M
FY2023$1.3M
FY2024$1.4M
FY2025$2.2M
Net assets
$14.2M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$14.2M
FY2022$15.4M
FY2023$17.6M
FY2024$21.9M
FY2025$27.1M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $767K Management & general 17% · $159K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$120,962Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anne Kuszpa’s $185K as Executive Director is at the 83rd percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Anne Kuszpa$185,355$175,000$137,418$125,750$120,962

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides safe, affordable housing and education for Nantucket residents.

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3 programs · $767K · in their own filed words · FY2020
01

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.

$707Kprogram expense
02

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.

$51Kprogram expense
03

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.

$9Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$76K
Grants paid · 1 grant · $365K · 2024–2024
Unitemized GrantFY2024$364,750

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.9M
Ln 12
Gifts and grantsLn 1h$4.2M
Fees for servicesLn 2g$624K
Other incomeLn 4–11$35K
Money outPt IX
$926K
Ln 25
Programscol B$767K
Managementcol C$159K
Owns and owesPt X
$14.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$15.7M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Government grantsLn 1e$3.9M
Noncash giftsLn 1g$100K
Fees for servicesLn 2g$624K
Investment incomeLn 3$947
Other incomeLn 4–11$35K
Total revenueLn 12$4.9M
Assets in detailPt X, end of year
CashLn 1$274K
SavingsLn 2$742K
Cash and savings togetherLn 1–2$1.0M
Land, buildings, equipmentLn 10c$14.6M
Total assetsLn 16$15.7M
LiabilitiesLn 26$1.5M
Net assetsLn 32$14.2M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$525K$1.0M
Land, buildings, equipmentLn 10c$10.8M$14.6M
Total assetsLn 16$11.3M$15.7M
LiabilitiesLn 26$1.1M$1.5M
Net assetsLn 32$10.3M$14.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$133K$107K$27K
Other salaries and wagesLn 7$130K$67K$62K
Other employee benefitsLn 9$11K$8K$3K
Payroll taxesLn 10$11K$5K$6K
Accounting feesLn 11c$32K$32K
Advertising and promotionLn 12$21K$21K
Office expensesLn 13$3K$1K$1K
OccupancyLn 16$160K$156K$4K
InterestLn 20$41K$41K
Depreciation, depletion and amortizationLn 22$336K$319K$17K
InsuranceLn 23$40K$39K$750
Other expenses (24a–d)Ln 24$10K$3K$7K
Total functional expensesLn 25$926K$767K$159K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $7.4M$2.2M$5.2M$27.1M 990 PDF
FY2024 $5.5M$1.4M$4.2M$21.9M 990 PDF
FY2023 $3.5M$1.3M$2.2M$17.6M 990 PDF
FY2022 $2.2M$1.0M$1.2M$15.4M 990 PDF
FY2021 Viewing $4.9M$926K$4.0M$14.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $4,881,456 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $203,863$4,221,976
I-9 Program service revenuePrior year $674,045$623,880
I-10 Investment incomePrior year $1,633$947
I-11 Other revenuePrior year $22,822$34,653
I-12 Total revenuePrior year $902,363$4,881,456
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $278,986$285,060
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $683,485$641,262
I-18 Total expensesPrior year $962,471$926,322
I-19 Revenue less expensesPrior year −$60,108$3,955,134
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,881,456 across 10 lines filed
VIII-1a Federated campaigns$162,750
VIII-1e Government grants$3,876,667
VIII-1f All other contributions, gifts and grants$182,559
VIII-1g Noncash contributions (included above)$100,000
VIII-1h Total contributions, gifts and grants$4,221,976
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $623,880$623,880
VIII-3 Investment incomeExcluded from tax $947$947
VIII-6 Net rental income or lossExcluded from tax $24,261$24,261
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,392$10,392
VIII-12 Total revenueRelated to mission $634,272 · Unrelated business $0 · Excluded from tax $25,208$4,881,456
Part IX · Statement of functional expenses $926,322 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $106,615 · Management $26,654$133,269
IX-7 Other salaries and wagesPrograms $67,386 · Management $62,233$129,619
IX-9 Other employee benefitsPrograms $8,406 · Management $2,692$11,098
IX-10 Payroll taxesPrograms $5,096 · Management $5,978$11,074
IX-11c Accounting feesManagement $31,505$31,505
IX-12 Advertising and promotionPrograms $20,708$20,708
IX-13 Office expensesPrograms $1,280 · Management $1,299$2,579
IX-16 OccupancyPrograms $155,920 · Management $4,068$159,988
IX-20 InterestPrograms $40,615$40,615
IX-22 Depreciation, depletion and amortizationPrograms $318,854 · Management $16,781$335,635
IX-23 InsurancePrograms $39,154 · Management $750$39,904
IX-24 Other expenses (24a–d)Programs $3,371 · Management $6,957$10,328
IX-25 Total functional expensesPrograms $767,405 · Management $158,917 · Fundraising $0$926,322
Part X · Balance sheet $15,697,288 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $126,013$273,669
X-2 Savings and temporary cash investmentsStart of year $398,960$741,544
X-4 Accounts receivableStart of year $1,596$23,811
X-9 Prepaid expenses and deferred chargesStart of year $12,155$12,960
X-10c Land, buildings and equipment, netStart of year $10,802,738$14,645,304
X-16 Total assetsStart of year $11,341,462$15,697,288
X-17 Accounts payable and accrued expensesStart of year $18,726$22,821
X-24 Unsecured notes and loans payableStart of year $48,800$0
X-25 Other liabilitiesStart of year $10,000$8,165
X-26 Total liabilitiesStart of year $1,070,793$1,471,485
X-27 Net assets without donor restrictionsStart of year $8,739,169$12,643,303
X-28 Net assets with donor restrictionsStart of year $1,531,500$1,582,500
X-32 Total net assets or fund balancesStart of year $10,270,669$14,225,803
X-33 Total liabilities and net assetsStart of year $11,341,462$15,697,288
Part XI · Reconciliation of net assets $14,225,803 net assets at year end
XI-1 Total revenue$4,881,456
XI-2 Total expenses$926,322
XI-3 Revenue less expenses$3,955,134
XI-4 Net assets at start of year$10,270,669
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,225,803

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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