SOUTH SHORE COMMUNITY RESIDENCES I… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

CHRISTINE MACDONALD

Phone

7814224200

Tax Period

2024-01-01 to 2024-12-31

SOUTH SHORE COMMUNITY RESIDENCES INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $191K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Net assets of $564K represent 35 months of operating reserves.

Mission

TO PROVIDE LOW INCOME PERSONS WITH DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS

Program Service Accomplishments

Program 1

Expenses: $171,282 Revenue: $175,057

TO PROVIDE LOW INCOME PERSONS WITH DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $175,057

Investment Income $16,316

Other Revenue $0

TOTAL REVENUE $191,373

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171,282

Other Expenses $200,202

TOTAL EXPENSES $200,202

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,373	$172,356	+0.1%
Expenses	$200,202	$164,515	+0.2%
Net Income	$-8,829	$7,841	-2.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCGOWAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DOMINGA MOLDANADO	DIRECTOR	1.00	Director	$0	$0	$0
ERIN KELLY GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DARRYL MAYERS	ASSISTANT CLERK	1.00	Director	$0	$0	$0
JEFF CHARNEL	DIRECTOR	1.00	Director	$0	$0	$0
LASHAUNDA WATSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK NEENAN	VICE TREASURER	1.00	Director	$0	$0	$0
BEVERLY SOMERVILLE	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID KILNAPP	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF GRAEBER	CLERK	1.00	Officer Director	$0	$0	$0
STEVEN BORGERSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROL DELOREY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HEALY	DIRECTOR	1.00	Director	$0	$0	$0
GORETTI JOAQUIM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KING	DIRECTOR	1.00	Director	$0	$0	$0
ANTOINETTE PABON GREEN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
GREIDY TERRERO	DIRECTOR	1.00	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	$191,373	$200,202	$1,439,222	$-8,829
2023	$172,356	$164,515	$1,504,229	$7,841

SOUTH SHORE COMMUNITY RESIDENCES INC