FRIENDS OF THE HOMELESS OF THE SOUTH SHORE INC

EIN: 043013066 501(c)(3)

N WEYMOUTH, MA

Total Revenue
$1,916,884
Total Expenses
$2,414,259
Total Assets
$1,704,533
Net Assets
$1,579,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MA
Principal Officer
ODALIS RULL
Phone
7813401604
Tax Period
2024-07-01 to 2025-06-30

FRIENDS OF THE HOMELESS OF THE SOUTH SHORE INC, founded in 1988, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 26% operating deficit.

Mission

PROVIDE SHELTER, FOOD, CLOTHING, FURNITURE, AND ADVOCACY FOR THE HOMELESS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $43,135
Program Service Revenue $2,054,637
Investment Income $-222,088
Other Revenue $41,200
TOTAL REVENUE $1,916,884

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,405,264
Fundraising Expenses $0
Program Expenses $2,102,949
Other Expenses $1,008,995
TOTAL EXPENSES $2,414,259

Year-over-Year Comparison

2024 2023 Change
Revenue $1,916,884 $3,004,694 -0.4%
Expenses $2,414,259 $1,974,762 +0.2%
Net Income $-497,375 $1,029,932 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
8
Employees
35
Volunteers
350

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
4
$179,298
Total Directors
10
$39,127
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HENRY BURDEN CO-CHAIR 0.50
Officer Director
$0 $0 $0
STEVE HAGUE CO-CHAIR 0.50
Officer Director
$0 $0 $0
BERNADETTE RAFTERY DIRECTOR 0.50
Director
$0 $0 $0
PETER RAFTERY DIRECTOR 0.50
Director
$0 $0 $0
KEN DUSTIN DIRECTOR 0.50
Director
$0 $0 $0
CHISA MOSAMIEFAN DIRECTOR 0.50
Director
$0 $0 $0
IMINA MOSAMIEFAN DIRECTOR 0.50
Director
$0 $0 $0
MAT THOMAS DIRECTOR 0.50
Director
$0 $0 $0
VICTOR PAP FINANCE DIRECTOR & SECRETA 25.00
Officer Director
$39,127 $0 $39,127
DOROTHY NEWELL TREASURER 5.00
Director
$0 $0 $0
HERBERT NEWELL EXECUTIVE DIRECTOR 40.00
Officer
$95,543 $44,628 $140,171
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 $1,916,884 $2,414,259 $1,704,533 $-497,375
2024 $3,004,694 $1,974,762 $2,696,170 $1,029,932
2023 $1,701,990 $1,537,584 $1,173,162 $164,406
2023 $1,671,948 $1,524,755 $1,173,162 $147,193
2022 $1,249,927 $1,190,849 $1,020,003 $59,078
2022 $1,249,927 $1,181,944 $1,017,435 $67,983
2021 $1,349,669 $1,228,440 $987,111 $121,229
2021 $1,351,669 $1,232,795 $987,111 $118,874
2020 $1,388,747 $1,131,980 $936,743 $256,767
2019 $1,174,286 $1,250,197 $506,470 $-75,911
2018 $1,196,062 $1,352,500 $562,008 $-156,438
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