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Nonprofiteer
← SOUTH SHORE COMMUNITY RESIDENCES INC

Form 990 for tax year 2025

Filed by SOUTH SHORE COMMUNITY RESIDENCES INC.

Totals

Total revenue
-$90,558
Total expenses
$179,694
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$186,633
Investment income
-$487,831
Other revenue
$210,640
Total assets, end of year
$888,198
Total liabilities, end of year
$593,972
Net assets or fund balances, end of year
$294,226
Program services expenses (Part IX)
$149,973
Management and general expenses
$29,721
Fundraising expenses
$0
Program service expenses (Part III)
$149,973

Program services were 83.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $186,633 · related or exempt $186,633

  • 3 · Investment income

    total $11,612 · related or exempt $11,612

  • 7a · Gross sales of assets other than inventory

    other assets $2

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

    other assets $499,445

  • 7c · Gain or loss

    other assets -$499,443

  • 7d · Net gain or loss

    total -$499,443 · related or exempt -$499,443

  • 11a · Other revenue: GAIN ON EXTINGUISHMENT OF DEBT

    total $210,640 · related or exempt $210,640

  • 11e · Other revenue, total

    $210,640

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,721 · management and general $29,721

  • 20 · Interest

    total $26,235 · program services $26,235

  • 22 · Depreciation, depletion and amortization

    total $69,257 · program services $69,257

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $19,497 · program services $19,497

  • 24b · Other expenses: TAXES AND INSURANCE

    total $16,823 · program services $16,823

  • 24c · Other expenses: UTILITIES

    total $9,646 · program services $9,646

  • 24d · Other expenses: ADMINISTRATIVE

    total $8,515 · program services $8,515

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,999 · end of year $4,916

  • 2 · Savings and temporary cash investments

    beginning of year $297,356 · end of year $180,995

  • 4 · Accounts receivable

    beginning of year $11,527 · end of year $17,900

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,972

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

    $1,780,809

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

    $1,113,946

  • 10c · Land, buildings and equipment, net

    beginning of year $1,090,198 · end of year $666,863

  • 14 · Intangible assets

    beginning of year $3,690 · end of year $2,021

  • 15 · Other assets

    beginning of year $28,480 · end of year $15,503

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,543 · end of year $12,498

  • 23 · Secured mortgages and notes payable

    beginning of year $719,176 · end of year $461,263

  • 25 · Other liabilities

    beginning of year $131,025 · end of year $120,211

  • 27 · Net assets without donor restrictions

    beginning of year $276,772 · end of year $28,011

  • 28 · Net assets with donor restrictions

    beginning of year $287,706 · end of year $266,215

Mission and programs · 2025

Mission

TO PROVIDE LOW INCOME PERSONS WITH DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS

Activities or mission (Part I)

SUBSIDIZED LOW INCOME HOUSING FOR PERSONS WITH DISABILITIES.

  • TO PROVIDE LOW INCOME PERSONS WITH DISABILITIES WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS

    Expenses $149,973 · Revenue $186,633

As filed on the 2025 return.

Listed in Part VII

  • Beverly Somerville

    PRESIDENT/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Kilnapp

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Neenan

    VICE TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Goretti Joaquim

    ASSISTANT CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeff Graeber

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael McGowan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carol Delorey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Healy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dominga Maldonado

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Peterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas King

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Borgerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeffrey Charnel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elvira Caldeira

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Antoinette Pabon Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Carolina Sustache

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Pat Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Corley

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $421,394
    From this org
    $0
    From related orgs
    $368,735
    Other
    $52,659
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $368,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,809 related
    Nontaxable benefits
    $0 + $35,850 related
    Filer's total
    $0 + $421,394 related

  • Christine MacDonald

    CHIEF FINANCIAL OFFICER

    Total calculated
    $257,425
    From this org
    $0
    From related orgs
    $230,501
    Other
    $26,924
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,501 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,486 related
    Nontaxable benefits
    $0 + $15,438 related
    Filer's total
    $0 + $257,425 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

  • 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.

Provenance

Return type
form_990
Tax year
2025
Filed
22 September 2026
IRS schema version
2025v4.2
Source object
202602659349301500

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