SOUTHWEST BOSTON SENIOR SERVICES INC D/B/A ETHOS

EIN: 237304163 501(c)(3) Human Services

JAMAICA PLAIN, MA

Total Revenue
$62,410,538
Total Expenses
$60,730,330
Total Assets
$26,919,557
Net Assets
$17,249,362
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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
1972
Legal Domicile
MA
Principal Officer
NICOLA FAVORITO
Phone
6175226700
Tax Period
2024-07-01 to 2025-06-30

SOUTHWEST BOSTON SENIOR SERVICES INC D/B/A ETHOS, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $62.4M in total revenue in fiscal year 2024.

Mission

ETHOS IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING INDEPENDENCE, DIGNITY, AND WELL-BEING AMONG THE ELDERLY AND DISABLED THROUGH QUALITY, AFFORDABLE, AND CULTURALLY APPROPRIATE HOME AND COMMUNITY-BASED CARE.

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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 $47,098,742
Program Service Revenue $15,180,389
Investment Income $131,407
Other Revenue $0
TOTAL REVENUE $62,410,538

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,247,130
Fundraising Expenses $0
Program Expenses $58,576,763
Other Expenses $49,483,200
TOTAL EXPENSES $60,730,330

Year-over-Year Comparison

2024 2023 Change
Revenue $62,410,538 $59,817,910 +0.0%
Expenses $60,730,330 $57,382,358 +0.1%
Net Income $1,680,208 $2,435,552 -0.3%
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
14
Independent Members
14
Employees
233
Volunteers
125

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
7
$325,495
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LOREN SINGER CEO FROM APR. 2025 35.00
Officer
$0 $0 $0
VALERIE K FRIAS CEO THROUGH SEP. 2024 35.00
Officer
$171,746 $3,617 $175,363
MARGERY GANN COO 35.00
Highest
$141,486 $3,821 $145,307
RICHARD KRUZEL CFO 35.00
Officer
$139,762 $10,370 $150,132
LISA GIOIOSA CHIEF HUMAN RESOURCES OFFICER 35.00
Highest
$126,547 $23,060 $149,607
KEVIN MCCARTHY CHIEF OF STAFF 35.00
Highest
$125,159 $15,164 $140,323
RAYMOND SANTOS CHIEF DEVELOPMENT OFFICER 35.00
Highest
$139,924 $36,671 $176,595
NICOLA FAVORITO PRESIDENT 2.00
Officer Director
$0 $0 $0
TOM COHAN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
CRAIG MCANAUGH TREASURER 2.00
Officer Director
$0 $0 $0
JOHN DOBIJA QUALITY ASSURANCE COMMITTE 2.00
Director
$0 $0 $0
MARCIA BROWN GOVERNANCE COMMITTEE CHAIR 2.00
Director
$0 $0 $0
YAN LIN CLERK 2.00
Officer Director
$0 $0 $0
SUSAN KURIAKOSE MEMBER 2.00
Director
$0 $0 $0
DEBBIE NOLAN MEMBER 2.00
Director
$0 $0 $0
EDNA PRUCE MEMBER 2.00
Director
$0 $0 $0
TISH ALLEN MEMBER 2.00
Director
$0 $0 $0
RONALD LAMMY MEMBER 2.00
Director
$0 $0 $0
JULIETTE JOHNSON MEMBER 2.00
Director
$0 $0 $0
MARIE BORGELLA MEMBER 2.00
Director
$0 $0 $0
JIN HUI JOO MEMBER 2.00
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
2025 $62,410,538 $60,730,330 $26,919,557 $1,680,208
2024 $59,817,910 $57,382,358 $25,565,799 $2,435,552
2023 $55,262,972 $53,146,516 $23,099,060 $2,116,456
2022 $50,976,438 $48,480,505 $18,738,837 $2,495,933
2021 $47,164,504 $45,136,819 $15,993,287 $2,027,685
2020 $45,082,787 $43,247,253 $13,966,946 $1,835,534
2019 $38,050,809 $37,433,211 $12,092,982 $617,598
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