Civic Intelligence

South Shore Community Residences Inc

EIN 22-3309311 • 501(c)3 • Kingston, MA

Pub. 78 EligibleNTEE L24

Profile

To provide low income persons with disabilities with housing facilities and services specifically designed to meet their needs

169 Summer StreetKingston, MA 02364

housingsolutionssema.org

Siviq Scores

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

Liabilities / Assets

55th percentile

0.61x

Higher debt load relative to assets than 55% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

4.57x

Higher debt load relative to revenue than 71% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Net Margin

47th percentile

-4.6%

Higher net margin than 47% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

47th percentile

$0

Higher top officer pay than 47% of similar nonprofits.

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

NTEE L • $1M-$5M nonprofits • Source year 2024

Asset Growth

25th percentile

-4.3%

Faster asset growth than 25% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

11%

Faster revenue growth than 73% of similar nonprofits.

NTEE L • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,439,222

Down $65,007 (-4.3%) from 2023

Liabilities

Down

$874,744

Down $56,178 (-6.0%) from 2023

Net Assets

Down

$564,478

Down $8,829 (-1.5%) from 2023

Revenue

Up

$191,373

Up $19,017 (+11%) from 2023

Expenses

Up

$200,202

Up $35,687 (+22%) from 2023

Net Income

Down

-$8,829

Down $16,670 (-213%) from 2023

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2023: $1,504,229Liabilities 2023: $930,922Net Assets 2023: $573,3072023Assets 2024: $1,439,222Liabilities 2024: $874,744Net Assets 2024: $564,4782024

Highlighted filing

2024

Assets$1,439,222
Liabilities$874,744
Net Assets$564,478

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2023: $172,356Expenses 2023: $164,515Net Income 2023: $7,8412023Revenue 2024: $191,373Expenses 2024: $200,202Net Income 2024: -$8,8292024

Highlighted filing

2024

Revenue$191,373
Expenses$200,202
Net Income-$8,829

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 10, 2025
Return Version
2024v5.0
Gross Receipts
$191,373
Mission and Program Overview

Mission

To provide low income persons with disabilities with housing facilities and services specifically designed to meet their needs

Subsidized low income housing for persons with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,159,404$1,090,198▼ $69,206
Savings and Temporary Cash Investments$281,399$297,356▲ $15,957
Accounts Receivable$5,143$11,527▲ $6,384
Cash and Non-Interest-Bearing Accounts$4,039$5,999▲ $1,960
Intangible Assets$4,010$3,690▼ $320
Prepaid Expenses and Deferred Charges$2,140$1,972▼ $168
Total Assets$1,504,229$1,439,222▼ $65,007
Other Assets Total$48,094$28,480▼ $19,614
Liabilities
Mortgage Notes Payable Secured by Investment Property$752,628$719,176▼ $33,452
Other Liabilities$161,774$131,025▼ $30,749
Accounts Payable and Accrued Expenses$16,520$24,543▲ $8,023
Total Liabilities$930,922$874,744▼ $56,178
Net Assets / Fund Balance
Net Assets With Donor Restrictions$316,663$287,706▼ $28,957
Net Assets Without Donor Restrictions$256,644$276,772▲ $20,128
Total Net Assets Fund Balance$573,307$564,478▼ $8,829
Total Liabilities and Net Assets / Fund Balance$1,504,229$1,439,222▼ $65,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$744,532$1,637,021$2,381,553
Land$345,666-$345,666
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$175,057
Investment Income
$16,316
Other Revenue
$0
Change in Net Assets
$-8,829
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$200,202
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
Depreciation Depletion$76,728--$76,728
Interest$37,549--$37,549
Fees for Services Management-$28,920-$28,920
Other Expenses$6,348--$6,348
Total Functional Expenses$171,282$28,920$0$200,202
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 Affiliate$131,025
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the form 990 is given to the finance committee. The finance committee reviews and approves the form 990.

Form 990, Part VI, Section B, Line 12C

The executive director and cfo monitor proposed or ongoing transactions for conflicts of interest and disclose them to the board president in order to deal with potential or actual conflicts.

Form 990, Part VI, Section C, Line 19

The organization makes it's form 990, governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
South Shore Community Residences Inc
EIN
22-3309311
Phone
7814224200
Address
169 SUMMER STREET, KINGSTON, MA 02364

Signing Officer

Name
Christine Macdonald
Title
Chief Financial Officer
Phone
7814224220
Signed
2025-02-10

Organization Details

Principal Officer
Christine Macdonald
Formed
1994
Legal Domicile
Ma
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
0

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET STE 203, DEDHAM, MA 02026
Preparer
Kenneth Lund
Phone
6172629898
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

As of december 31, 2024 the organization has evaluated the tax positions taken in its previously filed returns and those expected to be taken in its 2023 returns and believes they are more-likely-than-not of being sustained if examined by federal or state tax authorities. At december 31, 2024, the organization believes that it has no uncertain tax positions within any of its open tax returns (2021-2023).

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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0164515
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0172356
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-8829
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0175057
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0281399
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0297356
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0191373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0172356
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0173953
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0175234
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0158078
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0870994
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0870994
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0191373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0172356
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0173953
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0175234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0158078
IRS990ScheduleA/Total509Grp/TotalAmt0870994
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0191373
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0172356
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0173953
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0175234
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0158078
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0870994
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0744532
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01637021
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02381553
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0345666
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0345666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0131025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2024 THE ORGANIZATION HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS 2023 RETURNS AND BELIEVES THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR STATE TAX AUTHORITIES. AT DECEMBER 31, 2024, THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX RETURNS (2021-2023).
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01090198
IRS990ScheduleD/TotalLiabilityAmt0131025
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 IS GIVEN TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE REVIEWS AND APPROVES THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR AND CFO MONITOR PROPOSED OR ONGOING TRANSACTIONS FOR CONFLICTS OF INTEREST AND DISCLOSE THEM TO THE BOARD PRESIDENT IN ORDER TO DEAL WITH POTENTIAL OR ACTUAL CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES IT'S FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NEIGHBORWORKS HOUSING SOLUTIONS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0237131446
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1042732439
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROVIDE SUBSIDIZED LOW INCOME HOUSING.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1COMMUNITY DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0170(B)1(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1170(B)1(A)(VI)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0169 SUMMER STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1422 WASHINGTON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0KINGSTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1QUINCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002364
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102169
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00

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