NHA PROPERTIES INC
75 OLD SOUTH ROAD, NANTUCKET, MA 02554 housingnantucket.org

Total Revenue
$902,363
Total Expenses
$962,471
Net Assets
$10,270,669

Organizations Filed Purposes: PROVIDE SAFE, SANITARY, AND SUITABLE LIVING ACCOMMODATIONS FOR LOW, MODERATE, AND MIDDLE INCOME PERSONS WITHIN NANTUCKET COUNTY.

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.

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.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Anne KuszpaEXECUTIVE DIRECTOR40$117,703
Keith BergmanADVISORY DIRECTOR1$0
Stacy MontesDIRECTOR1$0
Dobrimir SultanovDIRECTOR1$0
Roberto SantamariaDIRECTOR1$0
Rose Marie SamuelsDIRECTOR1$0
Ricki-Lee MillingtonDIRECTOR1$0
Bertyl JohnsonDIRECTOR1$0
Robert LiddleCLERK1$0
Paul A Wolf JrTREASURER1$0
Peter KaizerVICE PRESIDENT1$0
Jennifer CohenPRESIDENT1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023189349304512_public.xml