SOUTH COVE MANOR NURSING AND REHABILITATION CENTER QALICB INC

EIN: 352419744 501(c)(3)

QUINCY, MA

Total Revenue
$1,013,112
Total Expenses
$1,216,686
Total Assets
N/A
Net Assets
N/A
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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
2011
Legal Domicile
MA
Principal Officer
WILLIAM GRAVES
Phone
6174230590
Tax Period
2019-01-01 to 2019-10-31

SOUTH COVE MANOR NURSING AND REHABILITATION CENTER QALICB INC, founded in 2011, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2019. Revenue decreased 17% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

TO ENGAGE IN LEASING AND MAINTAINING SOUTH COVE MANOR NURSING & REHABILITATION CENTER, INC.SOUTH COVE MANOR NURSING AND REHABILITATION CENTER QALICB, INC.'S MISSION IS TO ENGAGE IN PLANNING, ACQUIRING, DEVELOPING, FINANCING, CONSTRUCTING, DEVELOPING, OWNING, MAINTAINING AND LEASING TO SOUTH COVE MANOR NURSING & REHABILITATION CENTER, INC., A NURSING AND REHABILITATION FACILITY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,013,112
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,013,112

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,055,033
Other Expenses $1,216,686
TOTAL EXPENSES $1,216,686

Year-over-Year Comparison

2019 2018 Change
Revenue $1,013,112 $1,215,734 -0.2%
Expenses $1,216,686 $1,298,464 -0.1%
Net Income $-203,574 $-82,730 +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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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
17

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
6
$399,927
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD LUI CHAIRMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
MAY CHIN RN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JASON QU MD TREASURER 1.00
Officer Director
$0 $0 $0
HEMMIE CHANG ESQ CLERK 1.00
Officer Director
$0 $0 $0
ALICE L ROSE RN DIRECTOR 1.00
Director
$0 $0 $0
DAVID TING DIRECTOR 1.00
Director
$0 $0 $0
EDWARD CHENG DIRECTOR 1.00
Director
$0 $0 $0
HELEN CHIN SCHLICHTE DIRECTOR 1.00
Director
$0 $0 $0
HON HOI YEE DIRECTOR 1.00
Director
$0 $0 $0
LISA MUI DIRECTOR 1.00
Director
$0 $0 $0
LEONARD LAI DIRECTOR 1.00
Director
$0 $0 $0
MARIANNE BOWLER DIRECTOR 1.00
Director
$0 $0 $0
PAUL MACKINNON DIRECTOR 1.00
Director
$0 $0 $0
STANLEY ELKERTON DIRECTOR 1.00
Director
$0 $0 $0
SUSAN LUO DIRECTOR 1.00
Director
$0 $0 $0
THOMAS CHIN DIRECTOR 1.00
Director
$0 $0 $0
HEATHER O'SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT HANSON DIRECTOR OF FINANCE 1.00
Officer
$0 $22,970 $148,091
WILLIAM GRAVES PRESIDENT & CEO 1.00
Officer
$0 $21,823 $251,836
LI CHEN ADMINISTRATOR 1.00
Highest
$0 $28,451 $169,502
DORIS STETSON DIRECTOR OF QA 1.00
Highest
$0 $8,985 $128,816
MARY LOUISE BUTLER DIRECTOR OF NURSING 1.00
Highest
$0 $15,229 $139,937
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
2019 $1,013,112 $1,216,686 No data $-203,574
2018 $1,215,734 $1,298,464 $30,102,454 $-82,730
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