NonprofitsNha Properties Inc

Housing & Shelter

Nha Properties Inc

NANTUCKET, MA

Total revenue

$5.5M

Total expenses

$1.4M

Net assets

$21.9M

Grants received

$2.2M

25 grants

EIN

043247717

Tax year

2023

Mission

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.

Programs

3 programs

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: $73K

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: $16K

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.

Financials

FY 2023

Revenue

Contributions & grants$3.8M
Program service revenue$863K
Investment income$911K
Other revenue
Total revenue$5.5M

Expenses

Grants paid
Salaries & benefits$533K
Fundraising$40K
Other expenses$833K
Total expenses$1.4M
Total assets$32.0M
Net assets$21.9M

People

10 listed

NameRoleCompensation

ANNE KUSZPA

EXECUTIVE DIRECTOR

Board

$175K

40 hrs/wk

STACY G MONTES

VICE PRESIDENT

Board

1 hrs/wk

PAUL A WOLF JR

TREASURER

Board

1 hrs/wk

ROBERT LIDDLE

CLERK

Board

1 hrs/wk

BERTYL V JOHNSON

DIRECTOR

Board

1 hrs/wk

PETER T KAIZER

PRESIDENT

Board

1 hrs/wk

ROSE MARIE SAMUELS

DIRECTOR

Board

1 hrs/wk

LILIANA KOVACEVIC

DIRECTOR

Board

1 hrs/wk

EILLEN TAVERAS

DIRECTOR

Board

1 hrs/wk

DOBRIMIR SULTANOV

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 25 of 25

FromAmountPurposeYear
$197K
HOUSING SHELTER
2024
$10K
UNRESTRICTED GENERAL SUPPORT
2024
$299K
Community Impact
2023
$33K
For grant recipient's exempt purposes
2023
$10K
UNRESTRICTED GENERAL SUPPORT
2023
$85K
Community Impact
2022
$33K
For grant recipient's exempt purposes
2022
$30K
HOUSING SHELTER
2022
$275K
HOUSING SHELTER
2021
$54K
Community Impact
2021
$45K
For grant recipient's exempt purposes
2021
$45K
For grant recipient's exempt purposes
2021
$163K
Community Impact
2020
$87K
HOUSING & SHELTER
2020
$10K
GENERAL PURPOSES
2020
$100K
HOUSING & SHELTER
2019
$20K
COMMUNITY BENEFIT PROGRAM
2019
$91K
HOUSING & SHELTER
2018

Funded by

$2.2M from 9 funders · 25 grants · 2018–2024

Community Foundation For Nantucket

$1.4M · 8 grants · 2018–2024

United Way Of Massachusetts Bay Inc

$600K · 4 grants · 2020–2023

Fidelity Investments Charitable Gift Fund

$156K · 4 grants · 2021–2023

Cape Cod 5 Foundation Inc

$28K · 2 grants · 2022–2023

Morgan Stanley Global Impact Funding Trust Inc

$20K · 2 grants · 2023–2024

Cape Cod Five Cents Savings Bank

$10K · 1 grant · 2018

Tupancy-Harris Fdn-1986

$10K · 1 grant · 2020

Details

EIN043247717
NTEE codeL80Z
Subsection03
Ruling date1998-09
Formed1994
Employees5
Volunteers0
NHA PROPERTIES INC — Mission, Financials & Grants Received | Grantivo