Liabilities / Assets
76th percentile
Higher debt load relative to assets than 76% of similar nonprofits.
Prospect Hill Associates Inc
EIN 90-1138852 • 501(c)7 • Chilmark, MA
Profile
The assessments by the association shall be used exclusively for the purpose of promoting the recreation, health, safety; and welfare of the residents of the properties and in particular for the improvements and maintenance of properties, services, and facilities devoted to this purpose and related to the use and enjoyment of the common properties including, but not limited to, the payment of taxes and insurance thereon and repair, replacement, and additions thereto, and for the cost of labor, equipment, materials, management, and supervision thereof.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.08x
Liabilities / Revenue
68th percentile
Higher debt load relative to revenue than 68% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
20th percentile
Faster asset growth than 20% of similar nonprofits.
Revenue Growth
76th percentile
Faster revenue growth than 76% of similar nonprofits.
Balance Sheet
Assets
Down$23,739
Down $27,078 (-53%) from 2024
Liabilities
Down$2,000
Down $6,557 (-77%) from 2024
Net Assets
Down$21,739
Down $20,521 (-49%) from 2024
Revenue
Up$107,300
Up $17,750 (+20%) from 2024
Expenses
Up$138,394
Up $50,546 (+58%) from 2024
Net Income
Down-$31,094
Down $32,796 (-1927%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $23,739
- Liabilities
- $2,000
- Net assets
- $21,739
- Revenue
- $107,300
- Expenses
- $138,394
- Net income
- -$31,094
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Dec 16, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $107,300
Mission and Program Overview
Mission
The assessments by the association shall be used exclusively for the purpose of promoting the recreation, health, safety; and welfare of the residents of the properties and in particular for the improvements and maintenance of properties, services, and facilities devoted to this purpose and related to the use and enjoyment of the common properties including, but not limited to, the payment of taxes and insurance thereon and repair, replacement, and additions thereto, and for the cost of labor, equipment, materials, management, and supervision thereof.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MAINTAINS ROADS AND GROUNDS OF SUBDIVISION | $0 | $134,391 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SARAH BERNARD | Director | - | $0 | - | - |
| DANIEL SCHLOZMAN | Director | - | $0 | - | - |
| JAMES RUBENS | President/ Director | - | $0 | - | - |
| JONATHAN LUBOW | Treasurer | - | $0 | - | - |
| ANNE SLATER | Secretary/ Director | - | $0 | - | - |
| JUSTINE WOOLNER-WISE | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Prospect Hill Associates Inc
- EIN
- 90-1138852
- Phone
- 6175198555
- Address
- PO BOX 106, CHILMARK, MA 02535
Signing Officer
- Name
- James Rubens
- Title
- President
- Phone
- 6179096006
- Signed
- 2025-12-16
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Aafcpas Inc
- Address
- 50 WASHINGTON STREET, WESTBOROUGH, MA 01581
- Preparer
- Caitlin Limoges CPA
- Phone
- 5083669011
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: insurance. Amount: 375. Description: mowing and trimming. Amount: 30,135. Description: real estate taxes. Amount: 1,873. Description: road maintenance. Amount: 88,617. Description: state income tax. Amount: 2,000. Description: postage and delivery. Amount: 130. Description: meetings. Amount: 615. Total to form 990-ez, line 16: 123,745.”
Form 990-ez, Part I, Line 20 - Other Changes in Net Assets
“Description: prior period adjustment. Amount: 10,573.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 22,445. End of year amount: 22,620. Description: allowance for bad debt. Beg. Of year amount: -9,020. End of year amount: -9,020.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 8,557. End of year amount: 2,000.”
Raw XML Appendix132 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | JONATHAN LUBOW |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5086455007 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9 GRIFFIN LANE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MORRISTOWN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07960 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 37392 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 10139 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -31094 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 14649 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 50817 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 23739 |
| IRS990EZ/GrossReceiptsAmt | 0 | 107300 |
| IRS990EZ/GrossReceiptsForPublicUseAmt | 0 | 0 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/InitiationFeesAndCapContriAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MembershipDuesAmt | 0 | 107300 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 42260 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 21739 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 42260 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 21739 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SARAH BERNARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | DANIEL SCHLOZMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAMES RUBENS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | JONATHAN LUBOW |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ANNE SLATER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | JUSTINE WOOLNER-WISE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT/ DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY/ DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 13425 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 13600 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 10573 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 123745 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ASSESSMENTS BY THE ASSOCIATION SHALL BE USED EXCLUSIVELY FOR THE PURPOSE OF PROMOTING THE RECREATION, HEALTH, SAFETY; AND WELFARE OF THE RESIDENTS OF THE PROPERTIES AND IN PARTICULAR FOR THE IMPROVEMENTS AND MAINTENANCE OF PROPERTIES, SERVICES, AND FACILITIES DEVOTED TO THIS PURPOSE AND RELATED TO THE USE AND ENJOYMENT OF THE COMMON PROPERTIES INCLUDING, BUT NOT LIMITED TO, THE PAYMENT OF TAXES AND INSURANCE THEREON AND REPAIR, REPLACEMENT, AND ADDITIONS THERETO, AND FOR THE COST OF LABOR, EQUIPMENT, MATERIALS, MANAGEMENT, AND SUPERVISION THEREOF. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MAINTAINS ROADS AND GROUNDS OF SUBDIVISION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 134391 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MA |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 8557 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 2000 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 138394 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 134391 |
| IRS990EZ/TotalRevenueAmt | 0 | 107300 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: INSURANCE. AMOUNT: 375. DESCRIPTION: MOWING AND TRIMMING. AMOUNT: 30,135. DESCRIPTION: REAL ESTATE TAXES. AMOUNT: 1,873. DESCRIPTION: ROAD MAINTENANCE. AMOUNT: 88,617. DESCRIPTION: STATE INCOME TAX. AMOUNT: 2,000. DESCRIPTION: POSTAGE AND DELIVERY. AMOUNT: 130. DESCRIPTION: MEETINGS. AMOUNT: 615. TOTAL TO FORM 990-EZ, LINE 16: 123,745. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PRIOR PERIOD ADJUSTMENT. AMOUNT: 10,573. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 22,445. END OF YEAR AMOUNT: 22,620. DESCRIPTION: ALLOWANCE FOR BAD DEBT. BEG. OF YEAR AMOUNT: -9,020. END OF YEAR AMOUNT: -9,020. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 8,557. END OF YEAR AMOUNT: 2,000. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 20 - OTHER CHANGES IN NET ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | JAMES RUBENS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6179096006 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-12-16 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PROSPECT HILL ASSOCIATES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PROS |
| ReturnHeader/Filer/EIN | 0 | 901138852 |
| ReturnHeader/Filer/PhoneNum | 0 | 6175198555 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 106 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHILMARK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02535 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 042571780 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | AAFCPAS INC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 50 WASHINGTON STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | WESTBOROUGH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 01581 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5083669011 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-12-16 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CAITLIN LIMOGES CPA |
| ReturnHeader/ReturnTs | 0 | 2025-12-18T09:21:32-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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