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← NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC

Form 990 for tax year 2023

Filed by NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC.

Totals

Total revenue
$125,138,977
Total expenses
$117,310,556
Contributions and grants received
$3,560,482
Grants paid
$0
Program service revenue
$108,095,325
Investment income
$13,436,926
Other revenue
$46,244
Total assets, end of year
$69,212,140
Total liabilities, end of year
$49,178,381
Net assets or fund balances, end of year
$20,033,759
Program services expenses (Part IX)
$115,189,373
Management and general expenses
$1,816,510
Fundraising expenses
$304,673
Program service expenses (Part III)
$115,189,373

Program services were 98.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $180,518

  • 1e · Government grants (contributions)

    $775,747

  • 1f · All other contributions, gifts and grants

    $2,604,217

  • 2a · Program service revenue: RENTAL SUBSIDIES AND FEES

    total $103,589,942 · related or exempt $103,589,942

  • 2b · Program service revenue: RENTAL INCOME

    total $2,571,133 · related or exempt $2,571,133

  • 2c · Program service revenue: PROJECT ADMINISTRATION FEES

    total $1,934,250 · related or exempt $1,934,250

  • 3 · Investment income

    total $548,929 · excluded $548,929

  • 7a · Gross sales of assets other than inventory

    other assets $12,887,997

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $12,887,997

  • 7d · Net gain or loss

    total $12,887,997 · related or exempt $12,887,997

  • 8a · Fundraising events: gross income

    $172,577

  • 8a · Fundraising events: contributions included on line 1c

    $180,518

  • 8b · Fundraising events: direct expenses

    $172,577

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $46,244 · related or exempt $46,244

  • 11e · Other revenue, total

    $46,244

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $529,199 · management and general $371,635 · fundraising $157,564

  • 7 · Other salaries and wages

    total $8,258,701 · program services $7,916,669 · management and general $305,339 · fundraising $36,693

  • 8 · Pension plan contributions

    total $403,442 · program services $346,866 · management and general $47,137 · fundraising $9,439

  • 9 · Other employee benefits

    total $1,242,672 · program services $1,152,173 · management and general $80,684 · fundraising $9,815

  • 10 · Payroll taxes

    total $799,176 · program services $689,533 · management and general $93,184 · fundraising $16,459

  • 11a · Fees: management

    total $516,967 · program services $443,435 · management and general $26,407 · fundraising $47,125

  • 11b · Fees: legal

    total $49,970 · program services $37,000 · management and general $12,906 · fundraising $64

  • 11c · Fees: accounting

    total $120,000 · program services $70,803 · management and general $47,525 · fundraising $1,672

  • 12 · Advertising and promotion

    total $31,419 · program services $9,623 · management and general $21,688 · fundraising $108

  • 13 · Office expenses

    total $885,520 · program services $554,813 · management and general $315,519 · fundraising $15,188

  • 16 · Occupancy

    total $1,423,234 · program services $1,350,456 · management and general $72,778

  • 17 · Travel

    total $123,532 · program services $112,627 · management and general $10,063 · fundraising $842

  • 19 · Conferences, conventions and meetings

    total $149,175 · program services $56,603 · management and general $90,822 · fundraising $1,750

  • 20 · Interest

    total $255,998 · program services $255,998

  • 22 · Depreciation, depletion and amortization

    total $914,485 · program services $771,192 · management and general $143,293

  • 23 · Insurance

    total $231,594 · program services $222,013 · management and general $9,216 · fundraising $365

  • 24a · Other expenses: RENTAL SUBSIDIES

    total $89,500,585 · program services $89,500,585

  • 24b · Other expenses: SUBCONTRACTOR EXPENSES

    total $1,689,065 · program services $1,689,065

  • 24c · Other expenses: CONTRACTED EXPENSES

    total $1,420,866 · program services $1,420,866

  • 24d · Other expenses: TEMPORARY HELP

    total $107,845 · program services $77,581 · management and general $30,264

  • 24e · All other expenses

    total $8,657,111 · program services $8,511,472 · management and general $138,050 · fundraising $7,589

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,162,351 · end of year $15,603,815

  • 4 · Accounts receivable

    beginning of year $4,485,978 · end of year $3,767,236

  • 7 · Other notes and loans receivable

    beginning of year $6,673,597 · end of year $5,130,642

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,374 · end of year $167,695

  • 10a · Land, buildings and equipment: cost or other basis

    $40,649,360

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,445,692

  • 10c · Land, buildings and equipment, net

    beginning of year $25,143,574 · end of year $30,203,668

  • 12 · Investments: other securities

    beginning of year $37,193 · end of year $64,947

  • 15 · Other assets

    beginning of year $13,493,361 · end of year $14,274,137

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,196,040 · end of year $3,326,883

  • 19 · Deferred revenue

    beginning of year $8,691,535 · end of year $7,138,275

  • 23 · Secured mortgages and notes payable

    beginning of year $32,242,284 · end of year $37,731,535

  • 24 · Unsecured notes and loans payable

    beginning of year $964,424 · end of year $964,424

  • 25 · Other liabilities

    beginning of year $23,264 · end of year $17,264

  • 27 · Net assets without donor restrictions

    beginning of year $11,626,950 · end of year $19,002,979

  • 28 · Net assets with donor restrictions

    beginning of year $398,931 · end of year $1,030,780

Mission and programs · 2023

Mission

NEIGHBORWORKS HOUSING SOLUTIONS PROVIDES NEIGHBORHOOD REVITALIZATION THROUGH PROMOTING, DEVELOPING AND MAINTAINING AFFORDABLE HOUSING IN SOUTHEASTERN MASSACHUSETTS

Activities or mission (Part I)

TO PROVIDE NEIGHBORHOOD REVITALIZATION AND AFFORDABLE HOUSING IN SOUTHEASTERN MASSACHUSETTS.

  • RENTAL ASSISTANCE INCLUDES THE FOLLOWING: SECTION 8 HOUSING VOUCHER AND OTHER SUBSIDY PROGRAMS THAT SERVE MORE THAN 3,000 DISABLED, ELDERLY, FORMERLY HOMELESS, AND OTHER INDIVIDUALS AND FAMILIES THROUGHOUT SOUTHEASTERN MASSACHUSETTS. CLIENT SERVICES INCLUDES SHORT TERM, LIMITED FINANCIAL ASSISTANCE, WHICH WILL ENABLE FAMILIES TO RETAIN HOUSING, OBTAIN NEW HOUSING OR OTHERWISE AVOID HOMELESSNESS. IT ALSO INCLUDES PROVIDING SHELTER IN DIFFERENT LOCATIONS FOR FAMILIES WHO HAVE BEEN VICTIMS OF DOMESTIC VIOLENCE.

    Expenses $100,447,285 · Revenue $103,589,942

  • PROPERTY MANAGEMENT INCLUDES THE FOLLOWING: REAL ESTATE OPERATIONS IS THE MANAGEMENT OF PROPERTIES NWHS ACQUIRED, INCLUDING ITS WHOLLY OWNED LIMITED PARTNERSHIPS. THESE EFFORTS ARE AIMED AT ENSURING THAT THE PROPERTIES MEET THE NEEDS OF THEIR LOW TO MODERATE-INCOME RESIDENTS AS WELL AS MAINTAINING THE FINANCIAL VIABILITY OF THESE PROPERTIES IN THE FUTURE.

    Expenses $3,847,119 · Revenue $2,388,612

  • REAL ESTATE DEVELOPMENT INCLUDES THE FOLLOWING: THE DEVELOPMENT PROGRAM USES FUNDS OBTAINED FROM VARIOUS GOVERNMENT ENTITIES ALONG WITH FUNDS FROM LOCAL MUNICIPALITIES, FOUNDATIONS AND FINANCIAL INSTITUTIONS TO ACQUIRE AND DEVELOP AFFORDABLE HOUSING ON THE SOUTH SHORE.

    Expenses $8,871,673 · Revenue $15,004,768

  • OTHER PROGRAMS INCLUDES THE ORGANIZATION'S AFFORDABLE HOUSING LENDING PROGRAMS AND ITS EDUCATION AND COUNSELING SERVICES

    Expenses $2,023,296 · Revenue $46,244

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael McGowan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Beverly Somerville

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    5

  • David Kilnapp

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Patrick Neenan

    VICE TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Jeff Graeber

    CLERK

    Total calculated
    $0
    Hours/week
    5

  • Elvira Caldeira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Steven Borgerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Charnel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Delorey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Dominga Maldonado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Michael Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Goretti Joaquim

    ASSISTANT CLERK

    Total calculated
    $0
    Hours/week
    2

  • Thomas King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Antoinette Pabon Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Greidy Corcione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lashaunda Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Corley

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $319,489
    From this org
    $279,833
    From related orgs
    $0
    Other
    $39,656
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $279,833
    Bonus
    $0
    Other
    $0
    Deferred
    $14,584
    Nontaxable benefits
    $25,072
    Filer's total
    $319,489

  • Christine MacDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $200,832
    From this org
    $190,901
    From related orgs
    $0
    Other
    $9,931
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,901
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,931
    Filer's total
    $200,832

  • Angelica Gomez

    CHIEF OPERATING OFFICER

    Total calculated
    $223,452
    From this org
    $190,901
    From related orgs
    $0
    Other
    $32,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,901
    Bonus
    $0
    Other
    $0
    Deferred
    $7,492
    Nontaxable benefits
    $25,059
    Filer's total
    $223,452

  • Timothy Doherty

    REAL ESTATE DEVELOPMENT

    Total calculated
    $217,826
    From this org
    $183,288
    From related orgs
    $0
    Other
    $34,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,288
    Bonus
    $0
    Other
    $0
    Deferred
    $9,466
    Nontaxable benefits
    $25,072
    Filer's total
    $217,826

  • Noelle Humphries

    REAL ESTATE DEVELOPMENT

    Total calculated
    $173,937
    From this org
    $156,297
    From related orgs
    $0
    Other
    $17,640
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,297
    Bonus
    $0
    Other
    $0
    Deferred
    $7,734
    Nontaxable benefits
    $9,906
    Filer's total
    $173,937

  • Dave Lovering

    CONSTRUCTION MANAGER

    Total calculated
    $156,607
    From this org
    $147,684
    From related orgs
    $0
    Other
    $8,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,684
    Bonus
    $0
    Other
    $0
    Deferred
    $7,207
    Nontaxable benefits
    $1,716
    Filer's total
    $156,607

  • Ann Marie Belrose

    RHN EXECUTIVE DIRECTOR

    Total calculated
    $158,821
    From this org
    $131,998
    From related orgs
    $0
    Other
    $26,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,998
    Bonus
    $0
    Other
    $0
    Deferred
    $9,252
    Nontaxable benefits
    $17,571
    Filer's total
    $158,821

  • Louise Whitaker

    SENIOR FINANCIAL MANAGER

    Total calculated
    $115,147
    From this org
    $108,604
    From related orgs
    $0
    Other
    $6,543
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HOLMES STREET REALTY TRUST LLC

    HOUSING FOR LOW INCOME INDIVIDUALS · MA · income $196,707 · assets $1,435,659

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC

  • NWHS HOLDINGS LLC

    HOUSING FOR LOW INCOME INDIVIDUALS · MA · income $0 · assets $0

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC

  • NHS PRENCE MEADOWBROOK GP LLC

    HOUSING FOR LOW INCOME INDIVIDUALS · MA · income $0 · assets $0

    Directly controlled by NEIGHBORHOOD HOUSING SERVICES OF THE SOUTH SHORE INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WINTER GARDENS LLC

    LOW INCOME HOUSING · MA

  • 10 WINTER STREET LP

    LOW INCOME HOUSING · MA

  • NWSOMA 121 MAIN LLC

    LOW INCOME HOUSING · MA

  • CRANCARP LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MA

  • CRANBERRY MANOR LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MA

  • CARPENTERS GLEN LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MA

  • COPLEY GARDENS LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MA

  • NHS LINCOLN SCHOOL LLC

    LOW INCOME HOUSING · MA

  • NHS COPLEY GARDENS LLC

    LOW INCOME HOUSING · MA

  • NWHS 1200 MONTELLO LLC

    LOW INCOME HOUSING · MA

  • NWHS HOLBROOK CENTER SENIOR OWNER LLC

    LOW INCOME HOUSING · MA · general or managing partner

  • NHS PRENCE MEADOWBROOK LIMITED PARTNERSHIP

    LOW INCOME HOUSING · MA · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WINTER GARDENS MM INC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA · 79% owned · share of assets -$110

  • 10 WINTER STREET GP

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA · 79% owned · share of assets -$260

  • NEIGHBORWORKS LLC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA · 100% owned · share of income -$46,844 · share of assets $247,184

  • CRANBERRY MANOR CORPORATION

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • CARPENTERS GLEN CORPORATION

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • COPLEY GARDENS CORPORATION

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • CRANCARP GP LLC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • NHS COPLEY GARDENS MM LLC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • NWSOMA 121 MAIN MM LLC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

  • NWHS HOLBROOK CENTER SENIOR MM LLC

    C · MANAGING MEMBER OF LOW INCOME HOUSING PROJECT · MA

Provenance

Return type
form_990
Tax year
2023
Filed
9 May 2025
IRS schema version
2023v6.0
Source object
202531329349300918

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