SENIOR CITIZENS HSG DEV CORP SOUTH BOSTON INC

EIN: 043100105 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$769,965
Total Expenses
$964,397
Total Assets
$2,029,371
Net Assets
$1,948,125
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DC
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2024-01-01 to 2024-12-31

SENIOR CITIZENS HSG DEV CORP SOUTH BOSTON INC, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $770K in total revenue in fiscal year 2024. Expenses of $964K exceeded revenue, resulting in a 25% operating deficit.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $618,188 Revenue: $767,271

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $0
Program Service Revenue $766,963
Investment Income $2,694
Other Revenue $308
TOTAL REVENUE $769,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $265,909
Fundraising Expenses $0
Program Expenses $618,188
Other Expenses $698,488
TOTAL EXPENSES $964,397

Year-over-Year Comparison

2024 2023 Change
Revenue $769,965 $782,201 0.0%
Expenses $964,397 $917,879 +0.1%
Net Income $-194,432 $-135,678 +0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
6
Employees
3
Volunteers
N/A

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
$547,545
Total Directors
7
$26,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO VICE PRESIDE 0.70
Officer
$0 $75,384 $521,004
JOHN OLSEN TREASURER 0.50
Officer Director
$0 $0 $26,541
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
ELLEN FEINGOLD DIRECTOR 0.10
Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
ERICA SCHMELZER DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
Officer Director
$0 $0 $0
CAROL SULLIVAN DIRECTOR 0.10
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
2024 $769,965 $964,397 $2,029,371 $-194,432
2023 $782,201 $917,879 $2,217,308 $-135,678
2022 $738,049 $898,734 $2,377,182 $-160,685
2021 $723,297 $850,821 $2,597,699 $-127,524
2020 $722,340 $846,011 $2,662,821 $-123,671
2019 $721,314 $784,373 $2,786,734 $-63,059
2018 $721,617 $784,531 $2,833,694 $-62,914
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