SOUTH COVE COMMUNITY HEALTH CENTER INC

EIN: 042501818 501(c)(3)

BOSTON, MA

Total Revenue
$62,355,628
Total Expenses
$41,162,306
Total Assets
$171,491,362
Net Assets
$159,493,185
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
ERIC TIBERI
Phone
6175216708
Tax Period
2023-07-01 to 2024-06-30

SOUTH COVE COMMUNITY HEALTH CENTER INC, founded in 1972, is a mid-sized nonprofit that reported $62.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $21.2M, a strong 34% operating margin.

Mission

SOUTH COVE COMMUNITY HEALTH CENTER WAS INCORPORATED IN 1972 BY A GROUP OF VOLUNTEERS IN RESPONSE TO THE INADEQUATE PROVISION OF PRIMARY CARE SERVICES FOR THE LOCAL RESIDENTS IN BOSTON CHINATOWN DUE TO THEIR LANGUAGE AND CULTURAL DIFFERENCES. OUR MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF ASIAN AMERICANS IN MASSACHUSETTS, WITH A SPECIAL FOCUS ON THE MEDICALLY UNDERSERVED. THIS MISSION IS ACCOMPLISHED BY PROVIDING HIGH QUALITY, COMMUNITY-BASED HEALTH CARE AND PROGRAMS WHICH ARE ACCESSIBLE, AFFORDABLE, AS WELL AS LINGUISTICALLY AND CULTURALLY COMPETENT FOR THESE POPULATIONS.

Program Service Accomplishments

Program 1
Expenses: $32,933,247 Revenue: $48,678,245

SOUTH COVE HAS FIVE SITES LOCATED IN THE GREATER BOSTON AREA WITH OVER 320 EMPLOYEES, SERVING APPROXIMATELY 32,000 PATIENTS ANNUALLY.WE ARE NOW THE LARGEST ASIAN COMMUNITY HEALTH CENTER IN...

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SOUTH COVE HAS FIVE SITES LOCATED IN THE GREATER BOSTON AREA WITH OVER 320 EMPLOYEES, SERVING APPROXIMATELY 32,000 PATIENTS ANNUALLY.WE ARE NOW THE LARGEST ASIAN COMMUNITY HEALTH CENTER IN MASSACHUSETTS WITH NEW AND EXPANDED CLINICS IN BOSTON (CHINATOWN & SOUTH STREET), QUINCY, AND MALDEN.TODAY, WE FACE MANY NEW CHALLENGES IN PROVIDING HEALTH CARE FOR ASIAN AMERICANS SUCH AS: INCREASE IN ETHNIC DIVERSITY WITHIN THE ASIAN COMMUNITY RISE OF NEW ASIAN COMMUNITIES IN SURROUNDING AREAS WITH MAINTENANCE OF TIES TO CHINATOWN TO CONTINUE TO MEET THE NEEDS OF OUR COMMUNITIES IN THIS CHANGING WORLD, WE HAVE: ESTABLISHED SATELLITE CLINICS IN THOSE SURROUNDING COMMUNITIES WITH RELATIVELY HIGH PERCENTAGE OF ASIANS. STAFFED THE CLINICS WITH NATIVE LANGUAGE SPEAKERS, INCLUDING CHINESE, VIETNAMESE, AND CAMBODIAN. EXPANDED COMPLEMENTARY SERVICE INCLUDING HEALTH EDUCATION OUTREACH. MEDICAL SERVICES: SOUTH COVE PROVIDES PRIMARY AND AMBULATORY CARE, INCLUDING THE FOLLOWING:ADULT MEDICINE: GENERAL INTERNAL MEDICINE GERIATRIC SERVICES RADIOLOGY/ULTRASOUND COMMUNITY HEALTHY HEART PROJECT BONE DENSITY IMAGING PEDIATRICS GENERAL PEDIATRIC SERVICES ADOLESCENT HEALTH IMMUNIZATIONS TUBERCULOSIS CLINIC THALASSEMIA SCREENING ASTHMA/PULMONARY CLINIC OBSTETRICS/GYNECOLOGY FULL OBSTETRIC SERVICES LABOR COACHING PRENATAL CLASSES GYNECOLOGICAL EXAMS FAMILY PLANNING BREAST AND CERVICAL HEALTH RADIOLOGY/ULTRASOUND MAMMOGRAPHY OPTOMETRY DENTAL GENERAL DENTISTRY ORAL SURGERY SCHOOL FLUORIDE TREATMENT PROGRAM BEHAVIORAL HEALTH PSYCHOTHERAPY EARLY INTERVENTION PARENT AIDE SERVICES INTENSIVE FAMILY INTERVENTION CASE MANAGEMENT CHILDREN'S COLLABORATIVE HEALTH EDUCATION HEPATITIS B INITIATIVE CHRONIC DISEASE PROGRAM BLOOD PRESSURE SCREENING BREAST AND CERVICAL INITIATIVE ANNUAL HEALTH FAIR HEALTH BEAT QUARTERLY COMMUNITY OUTREACH FIRST AID & CPR TRAINING FAMILY LIFE CENTER BRIGHTON/ALLSTON AFTER SCHOOL ENRICHMENT PROGRAM NUTRITION/WOMEN, INFANTS, AND CHILDREN (WIC) SPECIALTIES GASTROENTEROLOGY NEUROLOGY CARDIOLOGY PODIATRY

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,362,131
Program Service Revenue $48,678,245
Investment Income $4,305,252
Other Revenue $10,000
TOTAL REVENUE $62,355,628

Expense Breakdown

Grants Paid $2,000,000
Salaries & Benefits $28,151,460
Fundraising Expenses $0
Program Expenses $32,933,247
Other Expenses $11,010,846
TOTAL EXPENSES $41,162,306

Year-over-Year Comparison

2023 2022 Change
Revenue $62,355,628 $52,795,627 +0.2%
Expenses $41,162,306 $35,350,945 +0.2%
Net Income $21,193,322 $17,444,682 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
324
Volunteers
15

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
5
$706,705
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
APRIL TANG PRESIDENT 1.00
Officer Director
$0 $0 $0
CINDY CHEN TREASURER 1.00
Officer Director
$0 $0 $0
THOMAS BIRCH DIRECTOR 1.00
Director
$0 $0 $0
I-MIN LEE DIRECTOR 1.00
Director
$0 $0 $0
HERMAN LEE SECRETARY 1.00
Officer Director
$0 $0 $0
CHI MA DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN TANG DIRECTOR 1.00
Director
$0 $0 $0
MAI DU DIRECTOR 1.00
Director
$0 $0 $0
THUY TRAN DIRECTOR 1.00
Director
$0 $0 $0
DAVID YEE DIRECTOR 1.00
Director
$0 $0 $0
PETER NG DIRECTOR 1.00
Director
$0 $0 $0
MEEI-HUEY LI DIRECTOR 1.00
Director
$0 $0 $0
SUSAN CHINSEN DIRECTOR 1.00
Director
$0 $0 $0
ALVIN WING DIRECTOR 1.00
Director
$0 $0 $0
MAY KWAN DIRECTOR 1.00
Director
$0 $0 $0
ERIC TIBERI CEO 39.00
Officer
$458,489 $28,545 $487,034
JEANINE GUFFEY CFO 40.00
Officer
$184,944 $34,727 $219,671
RONG GUAN ADULT DOCTOR 40.00
Highest
$629,464 $16,099 $645,563
YUHENG RUAN ADULT DOCTOR 40.00
Highest
$542,696 $14,979 $557,675
QIYUE HU ADULT DOCTOR 40.00
Highest
$433,520 $33,704 $467,224
MINPING LIU ADULT DOCTOR 40.00
Highest
$675,743 $41,868 $717,611
CHIA WEN LEE ADULT DOCTOR 40.00
Highest
$429,737 $40,194 $469,931
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
2025 No data No data No data No data
2024 $62,355,628 $41,162,306 $171,491,362 $21,193,322
2023 $52,795,627 $35,350,945 $147,146,455 $17,444,682
2022 $51,616,127 $36,331,147 $128,100,399 $15,284,980
2021 $45,960,280 $33,558,554 $111,050,889 $12,401,726
2020 $39,967,212 $32,288,144 $98,801,084 $7,679,068
2019 $40,145,451 $31,912,787 $89,614,890 $8,232,664
2018 $39,770,322 $31,703,818 $81,417,238 $8,066,504
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