PROPRIETARY HOUSE ASSOCIATION

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Lisa Nanton - President

Phone

7328265527

Tax Period

2022-01-01 to 2022-12-31

PROPRIETARY HOUSE ASSOCIATION, founded in 1972, is a micro nonprofit in the Housing & Shelter sector that reported $31K in total revenue in fiscal year 2022. Revenue surged 178% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6K, a strong 21% operating margin.

Mission

To preserve, restore and interpret as a historic site and museum the Proprietary House (a NJ State-owned property) which was built in 1762-64 and served as colonial New Jersey's royal governor's mansion. Tours, educational programs and history-related activities are offered to the public. A collection of historical documents, artifacts, artwork, antique furniture and other collectible items is maintained. Since 2019, a State of NJ DCA Legislative Grant has funded major restoration of the Proprietary House structure, with work being overseen by Proprietary House Association on behalf of the State of New Jersey.

Program Service Accomplishments

Program 1

Expenses: $11,976 Revenue: $0

(Code: 238990) Major restoration and repairs of the historic Proprietary House structure continued in 2022, with funding provided by a State of NJ Department of Community Affairs Legislative Grant...

(Code: 238990) Major restoration and repairs of the historic Proprietary House structure continued in 2022, with funding provided by a State of NJ Department of Community Affairs Legislative Grant. Proprietary House Association, on behalf of the State of NJ, has overseen the restoration and repairs, retaining and working with restoration architects, project contractors and craftsmen.

Program 2

Expenses: $2,540 Revenue: $4,500

(Code: 712100) Proprietary House museum exhibit and collection activities - research, acquisition, conservation, maintenance, display and exhibit of collection items, including antique furniture...

(Code: 712100) Proprietary House museum exhibit and collection activities - research, acquisition, conservation, maintenance, display and exhibit of collection items, including antique furniture, historic documents, artwork, and other historic items.

Program 3

Expenses: $1,615 Revenue: $4,120

(Code: 712100) History-themed activities, including museum tours and events

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $22,533

Program Service Revenue $4,120

Investment Income $134

Other Revenue $4,387

TOTAL REVENUE $31,174

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,131

Other Expenses $24,705

TOTAL EXPENSES $24,705

Year-over-Year Comparison

	2022	2021	Change
Revenue	$31,174	$11,231	+1.8%
Expenses	$24,705	$150,474	-0.8%
Net Income	$6,469	$-139,243	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Nanton	President & Trustee	17	Officer Director	$0	$0	$0
Renee Skelton	1st Vice President & Trustee	5	Officer Director	$0	$0	$0
Norine Gall	2nd Vice President & Trustee	5	Officer Director	$0	$0	$0
Dorothy Mushinski	Secretary & Trustee	2	Officer Director	$0	$0	$0
Mary Ellen Pavlovsky	Treasurer & Trustee	20	Officer Director	$0	$0	$0
Joanne Xidias	Exec Committee & Trustee	5	Officer Director	$0	$0	$0
Helen Catelanos	Exec Committee & Trustee	2	Officer Director	$0	$0	$0
Kenneth L Gonzalez Esq	Registered Agent & Trustee	3	Officer Director	$0	$0	$0
Dorothea Borkowski	Trustee	3	Director	$0	$0	$0
Louis Petro	Trustee	5	Director	$0	$0	$0
Kathy Olsen	Trustee	1	Director	$0	$0	$0
Joel Pabon	Trustee	1	Director	$0	$0	$0
Donald Katz	Trustee	1	Director	$0	$0	$0
Christina Dyke	Trustee	1	Director	$0	$0	$0
Sam Delgado	Trustee	1	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2022	$31,174	$24,705	$321,951	$6,469
2021	$11,231	$150,474	$315,482	$-139,243
2020	$1,512,955	$2,083,405	$454,725	$-570,450