Civic Intelligence

South Norfolk Elderly Housing Services Inc

EIN 04-2700069 • 501(c)3 • Sharon, MA

Profile

Provide housing to low-income elderly and disabled individuals.

51 Hixson Farm RoadSharon, MA 02067

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

39th percentile

0.02x

Higher debt load relative to assets than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.51x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

4.2%

Faster asset growth than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

92%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,697,340

Up $108,363 (+4.2%) from 2023

Liabilities

Down

$64,768

Down $12,224 (-16%) from 2023

Net Assets

Up

$2,632,572

Up $120,587 (+4.8%) from 2023

Revenue

Up

$126,436

Up $60,676 (+92%) from 2023

Expenses

Down

$5,849

Down $5,256 (-47%) from 2023

Net Income

Up

$120,587

Up $65,932 (+121%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,346,235Liabilities 2010: $4,576,640Net Assets 2010: -$1,230,4052010Assets 2011: $3,139,228Liabilities 2011: $4,474,437Net Assets 2011: -$1,335,2092011Assets 2012: $2,983,921Liabilities 2012: $4,323,559Net Assets 2012: -$1,339,6382012Assets 2013: $2,887,720Liabilities 2013: $4,220,028Net Assets 2013: -$1,332,3082013Assets 2014: $2,993,266Liabilities 2014: $4,348,032Net Assets 2014: -$1,354,7662014Assets 2015: $2,595,972Liabilities 2015: $3,963,256Net Assets 2015: -$1,367,2842015Assets 2016: $2,378,910Liabilities 2016: $3,638,155Net Assets 2016: -$1,259,2452016Assets 2017: $2,471,475Liabilities 2017: $3,509,840Net Assets 2017: -$1,038,3652017Assets 2018: $3,239,201Liabilities 2018: $3,738,480Net Assets 2018: -$499,2792018Assets 2019: $2,589,235Liabilities 2019: $3,142,188Net Assets 2019: -$552,9532019Assets 2020: $2,448,434Liabilities 2020: $2,941,938Net Assets 2020: -$493,5042020Assets 2021: $2,791,417Liabilities 2021: $2,747,033Net Assets 2021: $44,3842021Assets 2022: $300,201Liabilities 2022: $68,317Net Assets 2022: $231,8842022Assets 2023: $2,588,977Liabilities 2023: $76,992Net Assets 2023: $2,511,9852023Assets 2024: $2,697,340Liabilities 2024: $64,768Net Assets 2024: $2,632,5722024

Highlighted filing

2024

Assets$2,697,340
Liabilities$64,768
Net Assets$2,632,572

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,279,0242010Expenses 2011: $1,401,0022011Expenses 2012: $1,334,2822012Revenue 2013: $1,333,257Expenses 2013: $1,325,927Net Income 2013: $7,3302013Revenue 2014: $1,351,045Expenses 2014: $1,373,503Net Income 2014: -$22,4582014Revenue 2015: $1,326,656Expenses 2015: $1,339,174Net Income 2015: -$12,5182015Revenue 2016: $1,375,966Expenses 2016: $1,267,927Net Income 2016: $108,0392016Revenue 2017: $1,643,852Expenses 2017: $1,422,972Net Income 2017: $220,8802017Revenue 2018: $2,046,072Expenses 2018: $1,506,986Net Income 2018: $539,0862018Revenue 2019: $1,537,796Expenses 2019: $1,591,470Net Income 2019: -$53,6742019Revenue 2020: $1,696,702Expenses 2020: $1,637,253Net Income 2020: $59,4492020Revenue 2021: $2,213,936Expenses 2021: $1,676,048Net Income 2021: $537,8882021Revenue 2022: $1,143,288Expenses 2022: $1,181,102Net Income 2022: -$37,8142022Revenue 2023: $65,760Expenses 2023: $11,105Net Income 2023: $54,6552023Revenue 2024: $126,436Expenses 2024: $5,849Net Income 2024: $120,5872024

Highlighted filing

2024

Revenue$126,436
Expenses$5,849
Net Income$120,587

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.70$0.06$2.63$0.13$0.01$0.12
2023Detailed filing. Detailed filing data is available for this year.$2.59$0.08$2.51$0.07$0.01$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.30$0.07$0.23$1.14$1.18$0.04
2021Detailed filing. Detailed filing data is available for this year.$2.79$2.75$0.04$2.21$1.68$0.54
2020Detailed filing. Detailed filing data is available for this year.$2.45$2.94$0.49$1.70$1.64$0.06
2019Detailed filing. Detailed filing data is available for this year.$2.59$3.14$0.55$1.54$1.59$0.05
2018Detailed filing. Detailed filing data is available for this year.$3.24$3.74$0.50$2.05$1.51$0.54
2017Detailed filing. Detailed filing data is available for this year.$2.47$3.51$1.04$1.64$1.42$0.22
2016Detailed filing. Detailed filing data is available for this year.$2.38$3.64$1.26$1.38$1.27$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.60$3.96$1.37$1.33$1.34$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.99$4.35$1.35$1.35$1.37$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.89$4.22$1.33$1.33$1.33$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.98$4.32$1.34$1.33
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$4.47$1.34$1.40
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.35$4.58$1.23$1.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$126,436
Mission and Program Overview

Mission

Provide housing to low-income elderly and handicapped individuals

Provide housing to low-income elderly and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,565,759$2,657,766▲ $92,007
Accounts Receivable-$34,000-
Cash and Non-Interest-Bearing Accounts$23,218$5,574▼ $17,644
Total Assets$2,588,977$2,697,340▲ $108,363
Liabilities
Other Liabilities$53,768$53,768→ $0
Accounts Payable and Accrued Expenses$23,224$11,000▼ $12,224
Total Liabilities$76,992$64,768▼ $12,224
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,511,985$2,632,572▲ $120,587
Total Net Assets Fund Balance$2,511,985$2,632,572▲ $120,587
Total Liabilities and Net Assets / Fund Balance$2,588,977$2,697,340▲ $108,363
Compensation and Service Providers

Board Members and Trustees

NameTitle
Velma CoffeyPresident
Edwin LittleVice President
Robert PanicoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$126,436
Other Revenue
$0
Change in Net Assets
$120,587
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$4,400-$4,400
Office Expenses$1,449--$1,449
Total Functional Expenses$1,449$4,400$0$5,849
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$53,768
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 5

The organizaton became aware of a significant diversion of assets during the year. This was an unauthorized cash withdrawal in the amount of $34,000 by a former board member. Corrective action is being taken.

Form 990, Part VI, Section B, Line 11B

The form 990 is sent to all directors before being electronically submitted to the irs.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and audited financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
South Norfolk Elderly Housing Services
EIN
04-2700069
Phone
7817844025
Address
51 HIXSON FARM ROAD, SHARON, MA 02067

Signing Officer

Name
Velma Coffey
Title
President
Phone
7817844025
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Velma Coffey
Formed
1980
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cohnreznick Advisory LLC
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck
Phone
7813803520
Raw XML Appendix343 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt023224
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt011000
IRS990/AccountsReceivableGrp/EOYAmt034000
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE HOUSING TO LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS.
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0VELMA COFFEY
IRS990/BooksInCareOfDetail/PhoneNum07817845355
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt051 HIXSON FARM ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHARON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
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IRS990/CreditCounselingInd00
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc099 APARTMENT UNITS RENTED TO LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS. DURING 2022, THE ORGANIZATION TRANSFERRED ITS 99 APARTMENT RENTAL PROJECT TO A RELATED PARTY.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0126436
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0126436
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0126436
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd00
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt053768
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
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IRS990/PYGrantsAndSimilarPaidAmt00
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IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02565759
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND OTHER - 2020 AMOUNT: $ 1,328. 2021 AMOUNT: $ 1,583. 2022 AMOUNT: $ 412. REFUND - 2021 AMOUNT: $ 24,406. OTHER INCOME - 2022 AMOUNT: $ 143.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATON BECAME AWARE OF A SIGNIFICANT DIVERSION OF ASSETS DURING THE YEAR. THIS WAS AN UNAUTHORIZED CASH WITHDRAWAL IN THE AMOUNT OF $34,000 BY A FORMER BOARD MEMBER. CORRECTIVE ACTION IS BEING TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS SENT TO ALL DIRECTORS BEFORE BEING ELECTRONICALLY SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0SOUTH NORFOLK ELDERLY HOUSING SERVICES LLC
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0STONY BROOK COURT LIMITED PARTNERSHIP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt013477294
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt02666364
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt053768
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0STONY BROOK COURT LIMITED PARTNERSHIP
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IRS990/StatesWhereCopyOfReturnIsFldCd0MA
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IRS990/TotalAssetsBOYAmt02588977
IRS990/TotalAssetsEOYAmt02697340
IRS990/TotalAssetsGrp/BOYAmt02588977
IRS990/TotalAssetsGrp/EOYAmt02697340
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04400
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01449
IRS990/TotalFunctionalExpensesGrp/TotalAmt05849
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02511985
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02632572
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01449
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0126436
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0126436
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02588977
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02697340
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/VotingMembersGoverningBodyCnt03
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0VELMA COFFEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07817844025
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTH NORFOLK ELDERLY HOUSING SERVICES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0042700069
ReturnHeader/Filer/PhoneNum07817844025
ReturnHeader/Filer/USAddress/AddressLine1Txt051 HIXSON FARM ROAD
ReturnHeader/Filer/USAddress/CityNm0SHARON
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0333709623
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK ADVISORY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0350 GRANITE STREET SUITE 1200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BRAINTREE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002184
ReturnHeader/PreparerPersonGrp/PhoneNum07813803520
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOLANTA TUCK
ReturnHeader/ReturnTs02025-11-15T07:34:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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