Neighborhood Housing Services of the South Shore Inc
98% goes to programs $3 to raise $100
Neighborhood Housing Services of the South Shore Inc is a 501(c)(3) organization based in Quincy, Massachusetts, registered in 1981, with $153,515,104 in FY2024 revenue. CharityIndex grades it A, and it directs about 98% of spending to programs.
422 Washington St, Quincy, MA, 02169 EIN 04-2732439 Since 1981
Revenue (FY2024)
$153.5M
▲ 22.7% vs prior year
Housing median: $408K
Expenses (FY2024)
$145.5M
Net assets
$28.0M
Employees
149
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating98% to programs · $3 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Neighborhood Housing Services of the South Shore Inc: 98% to programs · $3 to raise $100 earns a A+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Neighborhood Housing Services of the South Shore Inc: 2 mo reserves · +5% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Neighborhood Housing Services of the South Shore Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Neighborhood Housing Services of the South Shore Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To provide neighborhood revitalization and affordable housing in southeastern massachusetts.
What they do
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.
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.
Other programs includes the organization's affordable housing lending programs and its education and counseling services
Contact & location
- Address
- 422 Washington St, Quincy, MA, 02169
- City
- Quincy
- State
- Massachusetts
- Category
- Housing & Shelter
- Subcategory
- Housing Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $3.1M (FY2014) to $153.5M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $53.0MNet assets $28.0M
Operating margin
5.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$81.0M
Total liabilities
$53.0M
Net assets
$28.0M
Salaries & benefits
$12.8M
9% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $153,515,104▲22.7% | $145,501,550▲24.0% | $27,999,290▲39.8% | $80,998,943▲17.0% | 990 |
| 2023 | $125,138,977▲35.3% | $117,310,556▲31.4% | $20,033,759▲66.6% | $69,212,140▲21.1% | 990 |
| 2022 | $92,518,755▼33.0% | $89,287,590▼34.2% | $12,025,881▲38.6% | $57,143,428▲13.3% | 990 |
| 2021 | $138,084,403▲81.5% | $135,752,540▲82.2% | $8,678,764▲38.6% | $50,429,988▲0.8% | 990 |
| 2020 | $76,088,167▲47.3% | $74,521,547▲46.0% | $6,263,137▲35.3% | $50,040,297▲33.5% | 990 |
| 2019 | $51,660,707▲1094% | $51,058,055▲1104% | $4,627,597▲18.9% | $37,483,668▲30.3% | 990 |
| 2018 | $4,327,708▲0.5% | $4,239,513▲13.2% | $3,893,332▲2.7% | $28,763,363▲1.0% | 990 |
| 2017 | $4,304,969▲19.0% | $3,744,126▲8.6% | $3,792,624▲10.9% | $28,469,401▲7.2% | 990 |
| 2016 | $3,616,900▲6.9% | $3,446,964▲8.9% | $3,419,596▲5.0% | $26,559,081▲9.9% | 990 |
| 2015 | $3,384,903▲10.8% | $3,164,105▼2.6% | $3,256,779▲11.6% | $24,166,621▲35.3% | 990 |
| 2014 | $3,053,661 | $3,247,294▲23.9% | $2,918,131▼5.8% | $17,867,967▲13.2% | 990 |
| 2011 | — | $2,621,498▲12.4% | $3,098,386▲16.2% | $15,783,046▼4.7% | 990 |
| 2010 | — | $2,332,719 | $2,666,119▼2.9% | $16,569,165▲1.3% | 990 |
| 2009 | — | $2,332,304 | $2,746,853 | $16,357,678 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Robert Corley — $306,387 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Corley | Chief Executive Officer | 40 | $306,387 |
| Timothy Doherty | Real Estate Development | 40 | $213,500 |
| Christine Macdonald | Chief Financial Officer | 40 | $205,848 |
| Noelle Humphries | Associate Real Estate Development | 40 | $185,093 |
| Angelica Gomez | Chief Operating Officer | 40 | $162,989 |
| Ann Marie Belrose | Rhn Executive Director | 40 | $134,445 |
| Kathy Facchini | Director of Housing Services | 40 | $117,543 |
| Liz Hernandez | Asset Manager | 40 | $114,397 |
| Antoinette Pabon Green | Director | 2 | — |
| Beverly Somerville | President/chair | 5 | — |
| Carol Delorey | Director | 2 | — |
| Carolina Sustache | Director | 2 | — |
| David Kilnapp | Treasurer | 5 | — |
| Dominga Maldonado | Director | 2 | — |
| Elvira Caldeira | Director | 2 | — |
| Goretti Joaquim | Assistant Clerk | 2 | — |
| Jeff Graeber | Clerk | 5 | — |
| Jeffrey Charnel | Director | 2 | — |
| Michael Healy | Director | 2 | — |
| Michael Mcgowan | Vice Chair | 5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Curtis Construction Company | Construction Contractor | $4,404,986 |
| Toutwel Restaurant Inc | Meals For Ea Hotel | $853,631 |
| Arthur J Gallagher Risk Manag Services | Global Insurance Brokerage, Risk Managem | $647,590 |
| New Vision Enterprise | Contractor | $392,446 |
| Rothschild & Associates | Real Estate Development Consulting | $355,267 |
Grants received · $5.5M total
20 grants to Neighborhood Housing Services of the South Shore Inc totaling $5.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Neighborhood Reinvestment Corp | General support | 2023 | $439,381 |
| Beth Israel Deaconess Hospital - Needham Inc | Care access and/or to address other identified community health needs | 2023 | $197,028 |
| Neighborhood Reinvestment Corp | General support | 2022 | $545,968 |
| The Blackbaud Giving Fund | General support | 2022 | $20,050 |
| Local Initiatives Support Corporation | See part iv | 2022 | $6,333 |
| Neighborhood Reinvestment Corp | General support | 2021 | $726,492 |
| Beth Israel Deaconess Hospital Plymouth Inc | Community support | 2021 | $50,000 |
| Neighborhood Reinvestment Corp | General support | 2020 | $746,000 |
| Boston Foundation Inc | Emergency support | 2020 | $40,000 |
| Neighborhood Reinvestment Corp | — | 2019 | $592,500 |
| Neighborhood Reinvestment Corp | Unrestricted | 2018 | $457,000 |
| Neighborhood Reinvestment Corp | Temporarily restricted | 2018 | $175,000 |
| Neighborhood Reinvestment Corp | Expendable grants | 2017 | $425,000 |
| Neighborhood Reinvestment Corp | Expendable grants | 2016 | $355,000 |
| Neighborhood Reinvestment Corp | Equity capital | 2015 | $150,000 |
Grants made · $10K in FY2018
1 grant totaling $10K in FY2018. All grants made by Neighborhood Housing Services of the South Shore Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Quincy Community Action Programs Inc | To support the organization | $10,000 |
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Frequently asked questions
- Is Neighborhood Housing Services of the South Shore Inc a legitimate nonprofit?
- Yes. Neighborhood Housing Services of the South Shore Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2732439, based in Quincy, Massachusetts. Donations are tax-deductible.
- What is Neighborhood Housing Services of the South Shore Inc's EIN?
- Neighborhood Housing Services of the South Shore Inc's Employer Identification Number (EIN) is 04-2732439.
- How much revenue does Neighborhood Housing Services of the South Shore Inc report?
- Neighborhood Housing Services of the South Shore Inc reported $153,515,104 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Neighborhood Housing Services of the South Shore Inc's spending goes to programs?
- Neighborhood Housing Services of the South Shore Inc spends about 98% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Neighborhood Housing Services of the South Shore Inc have?
- CharityIndex grades Neighborhood Housing Services of the South Shore Inc A, based on program efficiency and fundraising cost.
- How much does Neighborhood Housing Services of the South Shore Inc's highest-paid employee make?
- The highest reported compensation on Neighborhood Housing Services of the South Shore Inc's latest Form 990 is $306,387, paid to Robert Corley (Chief Executive Officer).
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Data for Neighborhood Housing Services of the South Shore Inc (EIN 04-2732439) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.