QUINCY, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC, founded in 1981, is a major nonprofit in the Housing & Shelter sector that reported $153.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $145.5M left a modest 5% surplus.
NEIGHBORWORKS HOUSING SOLUTIONS PROVIDES NEIGHBORHOOD REVITALIZATION THROUGH PROMOTING, DEVELOPING AND MAINTAINING AFFORDABLE HOUSING IN SOUTHEASTERN MASSACHUSETTS
RENTAL ASSISTANCE INCLUDES THE FOLLOWING: SECTION 8 HOUSING VOUCHER AND OTHER SUBSIDY PROGRAMS THAT SERVE MORE THAN 3,000 DISABLED, ELDERLY, FORMERLY HOMELESS, AND OTHER INDIVIDUALS AND FAMILIES...
RENTAL ASSISTANCE INCLUDES THE FOLLOWING: SECTION 8 HOUSING VOUCHER AND OTHER SUBSIDY PROGRAMS THAT SERVE MORE THAN 3,000 DISABLED, ELDERLY, FORMERLY HOMELESS, AND OTHER INDIVIDUALS AND FAMILIES THROUGHOUT SOUTHEASTERN MASSACHUSETTS. CLIENT SERVICES INCLUDES SHORT TERM, LIMITED FINANCIAL ASSISTANCE, WHICH WILL ENABLE FAMILIES TO RETAIN HOUSING, OBTAIN NEW HOUSING OR OTHERWISE AVOID HOMELESSNESS. IT ALSO INCLUDES PROVIDING SHELTER IN DIFFERENT LOCATIONS FOR FAMILIES WHO HAVE BEEN VICTIMS OF DOMESTIC VIOLENCE.
PROPERTY MANAGEMENT INCLUDES THE FOLLOWING: REAL ESTATE OPERATIONS IS THE MANAGEMENT OF PROPERTIES NWHS ACQUIRED, INCLUDING ITS WHOLLY OWNED LIMITED PARTNERSHIPS. THESE EFFORTS ARE AIMED AT ENSURING...
PROPERTY MANAGEMENT INCLUDES THE FOLLOWING: REAL ESTATE OPERATIONS IS THE MANAGEMENT OF PROPERTIES NWHS ACQUIRED, INCLUDING ITS WHOLLY OWNED LIMITED PARTNERSHIPS. THESE EFFORTS ARE AIMED AT ENSURING THAT THE PROPERTIES MEET THE NEEDS OF THEIR LOW TO MODERATE-INCOME RESIDENTS AS WELL AS MAINTAINING THE FINANCIAL VIABILITY OF THESE PROPERTIES IN THE FUTURE.
REAL ESTATE DEVELOPMENT INCLUDES THE FOLLOWING: THE DEVELOPMENT PROGRAM USES FUNDS OBTAINED FROM VARIOUS GOVERNMENT ENTITIES ALONG WITH FUNDS FROM LOCAL MUNICIPALITIES, FOUNDATIONS AND FINANCIAL...
REAL ESTATE DEVELOPMENT INCLUDES THE FOLLOWING: THE DEVELOPMENT PROGRAM USES FUNDS OBTAINED FROM VARIOUS GOVERNMENT ENTITIES ALONG WITH FUNDS FROM LOCAL MUNICIPALITIES, FOUNDATIONS AND FINANCIAL INSTITUTIONS TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING ON THE SOUTH SHORE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $153,515,104 | $125,138,977 | +0.2% |
| Expenses | $145,501,550 | $117,310,556 | +0.2% |
| Net Income | $8,013,554 | $7,828,421 | +0.0% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL MCGOWAN | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEVERLY SOMERVILLE | PRESIDENT/CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID KILNAPP | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK NEENAN | VICE TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF GRAEBER | CLERK | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| ELVIRA CALDEIRA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVEN BORGERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY CHARNEL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROL DELOREY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOMINGA MALDONADO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HEALY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| GORETTI JOAQUIM | ASSISTANT CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS KING | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANTOINETTE PABON GREEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD PETERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROLINA SUSTACHE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAT GIBSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CORLEY | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$306,387 | $43,985 | $350,372 |
| CHRISTINE MACDONALD | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$205,848 | $18,059 | $223,907 |
| ANGELICA GOMEZ | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$162,989 | $32,774 | $195,763 |
| TIMOTHY DOHERTY | REAL ESTATE DEVELOPMENT | 40.00 |
Highest
|
$213,500 | $40,381 | $253,881 |
| NOELLE HUMPHRIES | ASSOCIATE REAL ESTATE DEVELOPMENT | 40.00 |
Highest
|
$185,093 | $20,755 | $205,848 |
| ANN MARIE BELROSE | RHN EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$134,445 | $34,326 | $168,771 |
| KATHY FACCHINI | DIRECTOR OF HOUSING SERVICES | 40.00 |
Highest
|
$117,543 | $10,209 | $127,752 |
| LIZ HERNANDEZ | ASSET MANAGER | 40.00 |
Highest
|
$114,397 | $26,980 | $141,377 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $153,515,104 | $145,501,550 | $80,998,943 | $8,013,554 |
| 2024 | No data | No data | No data | No data |
| 2023 | $92,518,755 | $89,287,590 | $57,143,428 | $3,231,165 |
| 2022 | $138,084,403 | $135,752,540 | $50,429,988 | $2,331,863 |
| 2021 | $76,088,167 | $74,521,547 | $50,040,297 | $1,566,620 |
| 2020 | $51,660,707 | $51,058,055 | $37,483,668 | $602,652 |
| 2019 | $4,327,708 | $4,239,513 | $28,763,363 | $88,195 |
Compare NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC with other nonprofits in Massachusetts and across the country.