Nonprofit · EIN 04-6406242
SOUTH COVE NURSING FACILITIES FOUNDATION INC
Tax-exempt · QUINCY, MA 02169
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,829,110 | $184,693 | $1,644,417 | $20,216,976 | $0 | $20,216,976 |
| December 31, 2023 | 990 | $354,568 | $129,545 | $225,023 | $17,931,872 | $0 | $17,931,872 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $311,231
- Program service revenue
- $0
- Investment income
- $1,523,131
- Net gain from sales of assets
- $1,077,471
- Net income from fundraising events
- -$5,252
- Other revenue
- -$5,252
Expenses
- Grants and similar amounts paid
- $77,181
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $14,896
- Program services (functional)
- $80,905
- Management and general (functional)
- $94,655
- Fundraising (functional)
- $9,133
Balance sheet and other
- Total assets, start of year
- $17,931,872
- Total assets, end of year
- $20,216,976
- Total liabilities, end of year
- $0
- Net assets, end of year
- $20,216,976
- Publicly traded securities
- $18,143,467
- Net assets without donor restrictions
- $20,138,517
- Net assets with donor restrictions
- $78,459
- Gross receipts
- $5,297,689
- Employees
- 0
- Volunteers
- 26
- Year formed
- 1977
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM GRAVES | PRESIDENT & CEO Officer | 1 | $0 | $311,635 | $29,936 |
| SCOTT HANSON | DIRECTOR OF FINANCE Officer | 1 | $0 | $180,714 | $12,955 |
| DAVID T TING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER O'SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA MUI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDWARD CHENG ESQ | DIRECTOR (RESIGNED 5/2024) Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN LUO CFA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HON HOI YEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HELEN CHIN SCHLICHTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM HSU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD LAI MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE L ROSE RN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS CHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE BOWLER HONORABLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEMMIE CHANG | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CINDY LAW | TREASURER Trustee or director, Officer | 1 | $0 |
| MAY CHIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| JASON QU | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 |
| RICHARD LUI ESQ | DIRECTOR Trustee or director | 1 | $0 |
| ERIC SCHLICHTE | DIRECTOR Trustee or director | 1 | $0 |
| STANLEY ELKERTON | DIRECTOR Trustee or director | 1 | $0 |
| DAVID CHIU MD | DIRECTOR Trustee or director | 1 | $0 |
| OLIVIA WONG | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP CHENG AG | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM GRAVES | PRESIDENT & CEO Officer | 1 | $0 | $290,477 | $11,974 |
| SCOTT HANSON | DIRECTOR OF FINANCE Officer | 1 | $0 | $165,417 | $4,286 |
| DAVID T TING | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEATHER O'SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA MUI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDWARD CHENG ESQ | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SUSAN LUO CFA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HON HOI YEE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HELEN CHIN SCHLICHTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIM HSU | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD LAI MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ALICE L ROSE RN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| THOMAS CHIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIANNE BOWLER HONORABLE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HEMMIE CHANG | CLERK Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CINDY LAW | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MAY CHIN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JASON QU | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RICHARD LUI | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC SCHLICHTE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STANLEY ELKERTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVID CHIU MD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| OLIVIA WONG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| PHILIP CHENG AG | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 288 WASHINGTON ST, QUINCY, MA 02169-5523
- Principal officer (990 for 2024)
- WILLIAM GRAVES, 288 WASHINGTON STREET, QUINCY, MA 02169
- Signed the 990
- SIGNING OFFICER, PRESIDENT & CEO
- Phone
- (617) 423-0590
- Website
- WWW.SOUTHCOVEMANOR.COM
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT CHARITABLE AND BENEVOLENT PROGRAMS FOR THE ASIAN ELDERLY THROUGH PLANNING, FINANCING, OPERATING, AND MAINTAINING NURSING AND CARE FACILITIES AND AFFORDABLE HOUSING.
Program accomplishments
- SUPPORT SERVICES - TO PROMOTE AND SUPPORT CHARITABLE AND BENEVOLENT PROGRAMS FOR THE ASIAN ELDERLY BY FUNDRAISING AND SUPPORTING OTHER ORGANIZATIONS THAT OPERATE A 141 BED LONG-TERM FACILITY.Expenses $80,905 · grants $77,181
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-6406242
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 1977
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E91)
- Assets (IRS master file)
- $20,216,976
- Income (IRS master file)
- $5,297,689
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,829,110 | $184,693 | $20,216,976 | IRS |
| 990 | December 2023 | $354,568 | $129,545 | $17,931,872 | XML |
| 990 | December 2022 | $1,017,488 | $115,571 | $15,783,171 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-6406242).
Questions about SOUTH COVE NURSING FACILITIES FOUNDATION INC
- What is the EIN of SOUTH COVE NURSING FACILITIES FOUNDATION INC?
- The employer identification number (EIN) of SOUTH COVE NURSING FACILITIES FOUNDATION INC is 04-6406242.
- Is SOUTH COVE NURSING FACILITIES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
- Are donations to SOUTH COVE NURSING FACILITIES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SOUTH COVE NURSING FACILITIES FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH COVE NURSING FACILITIES FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH COVE NURSING FACILITIES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTH COVE NURSING FACILITIES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names WILLIAM GRAVES.
- Who are the officers and directors of SOUTH COVE NURSING FACILITIES FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 0 received compensation from the organization.
- How much revenue does SOUTH COVE NURSING FACILITIES FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,829,110, expenses of $184,693 and total assets of $20,216,976 at year end.
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