Skip to content
Nonprofiteer
← SOUTH SHORE PROPERTY INC

Form 990 for tax year 2023

Filed by SOUTH SHORE PROPERTY INC.

Totals

Total revenue
$6,379,878
Total expenses
$6,603,866
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$6,343,849
Investment income
$36,012
Other revenue
$17
Total assets, end of year
$53,941,637
Total liabilities, end of year
$28,441,362
Net assets or fund balances, end of year
$25,500,275
Program services expenses (Part IX)
$3,569,538
Management and general expenses
$3,034,328
Fundraising expenses
$0
Program service expenses (Part III)
$3,569,538

Program services were 54.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALLEN SMITH MD

    PRESIDENT & CEO

    Total calculated
    $1,446,616
    From this org
    $0
    From related orgs
    $1,263,309
    Other
    $183,307
    Hours/week
    0.5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,082,002 related
    Bonus
    $0 + $175,763 related
    Other
    $0 + $5,544 related
    Deferred
    $0 + $159,900 related
    Nontaxable benefits
    $0 + $23,407 related
    Filer's total
    $0 + $1,446,616 related

  • KIMBERLY DEVER MD

    DIRECTOR, CHIEF OB/GYN

    Total calculated
    $831,786
    From this org
    $0
    From related orgs
    $790,024
    Other
    $41,762
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $671,901 related
    Bonus
    $0 + $90,317 related
    Other
    $0 + $27,806 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $31,862 related
    Filer's total
    $0 + $831,786 related

  • AMANDA MARCHICA DO

    DIRECTOR AS OF 10/1/2023

    Total calculated
    $316,862
    From this org
    $0
    From related orgs
    $285,142
    Other
    $31,720
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,732 related
    Bonus
    $0 + $112,121 related
    Other
    $0 + $289 related
    Deferred
    $0 + $7,641 related
    Nontaxable benefits
    $0 + $24,079 related
    Filer's total
    $0 + $316,862 related

  • BRADFORD SAMPSON

    DIRECTOR

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    0.5 + 4 related

  • PAMELA O'LEARY

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • THOMAS MCCARTHY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • ALAN MCKIM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • CHRISTOPHER ODDLEIFSON

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • ELLEN ESSENFELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • GRACE LEE

    DIRECTOR AS OF 10/1/2023

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • HELEN GARVEY

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • KENNETH QUIGLEY JR

    DIRECTOR AS OF 10/1/2023

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • MICHAEL SHEEHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • PAMELA WHELTON

    DIRECTOR THRU 12/31/2023

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • PAUL WANTANABE PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • PAULA L BECKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 4 related

  • JOSEPH R DRISCOLL ESQ

    SECRETARY

    Total calculated
    $607,535
    From this org
    $0
    From related orgs
    $571,479
    Other
    $36,056
    Hours/week
    0.5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $514,628 related
    Bonus
    $0 + $34,015 related
    Other
    $0 + $22,836 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $26,156 related
    Filer's total
    $0 + $607,535 related

  • STEPHEN JENNEY

    CFO & TREAS. AS OF 10/1/23

    Total calculated
    $313,821
    From this org
    $0
    From related orgs
    $293,418
    Other
    $20,403
    Hours/week
    0.5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,482 related
    Bonus
    $0 + $56,875 related
    Other
    $0 + $3,061 related
    Deferred
    $0 + $5,960 related
    Nontaxable benefits
    $0 + $14,443 related
    Filer's total
    $0 + $313,821 related

  • JUSTIN CAMPBELL

    DIRECTOR THRU 9/30/2023

    Total calculated
    $91,600
    From this org
    $0
    From related orgs
    $91,600
    Other
    $0
    Hours/week
    0 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $91,600 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $91,600 related

  • MICHAEL AYERS MD

    DIRECTOR THRU 9/30/2023

    Total calculated
    $29,133
    From this org
    $0
    From related orgs
    $29,133
    Other
    $0
    Hours/week
    0.5 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $29,133 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $29,133 related

  • KRISTINE HANSCOM CPA MST CGMA

    FORMER TREAS. & CFO (THRU 5/31/23)

    Total calculated
    $926,096
    From this org
    $0
    From related orgs
    $907,550
    Other
    $18,546
    Hours/week
    0.5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,823 related
    Bonus
    $0
    Other
    $0 + $631,727 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $8,646 related
    Filer's total
    $0 + $926,096 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT/CEO OF THE CORPORATION RECEIVES COMPENSATION FOR SERVICES PERFORMED FOR A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF PARENT ORGANIZATION, SOUTH SHORE HEALTH SYSTEM, DETERMINES THE PRESIDENT'S COMPENSATION. THE COMPENSATION COMMITTEE MEETS PERIODICALLY AND ENGAGES AN INDEPENDENT EXTERNAL COMPENSATION CONSULTING FIRM TO ESTABLISH THE COMPENSATION OF KEY SYSTEM EMPLOYEES. THE CONSULTING FIRM DEVELOPS AND PRESENTS ALL MATERIALS INCLUDING MARKET TRENDS, COMPENSATION STUDIES AND SURVEYS, AND ADHERES TO BEST PRACTICE GUIDELINES. THE FINAL RECOMMENDATION FOR COMPENSATION CHANGES IS PRESENTED AND APPROVED BY THE ENTIRE INDEPENDENT COMMUNITY OF THE BOARD OF DIRECTORS.
PART I, LINE 4A
KRISTINE HANSCOM, THE FORMER CFO & TREASURER RECEIVED SEPARATION COMPENSATION IN THE AMOUNT OF $586,000 FROM SOUTH SHORE HOSPITAL, A RELATED ORGANIZATION.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349302308

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.