SOUTH SHORE ECONOMIC DEVELOPMENT CORP Charity Report

Public IRS 990 nonprofit record

SOUTH SHORE ECONOMIC DEVELOPMENT CORP

EIN 23-7362584 · Homeowners & Tenants Associations (L50)

What they do

THE ORGANIZATION WORKS CLOSELY WITH THE SOUTH SHORE CHAMBER of COMMERCE, A RELATED PARTY to PROMOTE A STRONGER REGIONAL ECONOMY and to PROMOTE COMMUNITY DEVELOPMENT for SUSTAINABLE GROWTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $72.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders27 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

59.51%of revenue went to mission work72.7% of expenses · Program services

14.65%of revenue went to fundraising17.9% of expenses

$81.82spent for every $100 of revenueRevenue covered expenses this year.

7.67%of revenue went to management and office costs9.4% of expenses

$1.07in assets for every $1 spent this yearSome assets cannot be spent right away.

89.4%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $30,346 for JULIE WILLIAMS (CHAMBER VICE PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$273,553

Mission workProgram services$162,78459.51% of revenue72.7% of expenses

ManagementOffice and general costs$20,9767.67% of revenue9.4% of expenses

FundraisingAsking for donations$40,06514.65% of revenue17.9% of expenses

Revenue left after expensesReported annual surplus$49,72818.18% of revenueShown in gray on the chart

Total expenses$223,82581.82% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 72.7% mission · 9.4% management · 17.9% fundraisingTotal expenses: 81.82% of revenue

2023Expense mix: 74.9% mission · 8.4% management · 16.7% fundraisingTotal expenses: 102.12% of revenue

2022Expense mix: 58.5% mission · 17.9% management · 23.6% fundraisingTotal expenses: 90.96% of revenue

2021Expense mix: 68.3% mission · 7.6% management · 24.1% fundraisingTotal expenses: 94.08% of revenue

2020Expense mix: 86.5% mission · 13.5% management · 0.0% fundraisingTotal expenses: 93.55% of revenue

2019Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 170.63% of revenue

2017Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 64.26% of revenue

2016Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 170.88% of revenue

Money in and money out

Revenue$273,553

Expenses$223,825

Annual surplus $49,728 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$162,784 · 72.7% of expenses

Management and office costs$20,976 · 9.4% of expenses

Fundraising$40,065 · 17.9% of expenses

See all reported dollar amounts

Revenue$273,553

Expenses$223,825

Assets$240,535

Income$338,240

Contributions$244,500

Mission work (program services)$162,784

Fundraising$40,065

Management and general$20,976

Stocks and bonds$54,494

Accounting fees$6,125

Investing fees$975

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

JULIE WILLIAMSCHAMBER VICE PRESIDENT $30,346Base · Other $30,346

JILL DONOVANCHAMBER DIRECTOR OF DEVELOPMENT · 20 hrs/week $30,325Base · Other $30,325

PETER FORMANPRESIDENT & TREASURER · 15 hrs/week $7,108Base · Other $7,108

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (27)

JULIE WILLIAMSCHAMBER VICE PRESIDENT

JILL DONOVANCHAMBER DIRECTOR OF DEVELOPMENT

PETER FORMANPRESIDENT & TREASURER

JOSEPH YOTTSTRUSTEE

WINTHROP SARGENT JRTRUSTEE

VICTORIA MAGUIREVICE PRESIDENT

TIMOTHY KELLEHERTRUSTEE

SUSAN ODAYTRUSTEE

ROBERT TERRAVECCHIA JRTRUSTEE

PETER TEDESCHICHAIRMAN

PATRICE MAYTRUSTEE

NICHOLE LANGLEYTRUSTEE

MICHAEL RUHTRUSTEE

MICHAEL BOSCOTRUSTEE

JUDY BARRETTTRUSTEE

BRIAN MURPHYTRUSTEE

JOSEPH CARROLLTRUSTEE

JOHN IREDALETRUSTEE

JILL BERESFORDTRUSTEE

JACQUELINE COLLINSCLERK/SECRETARY

GABE CROCKERTRUSTEE

DENVER GIBBSTRUSTEE

DEAN HILDRETHTRUSTEE

DAVID NICHOLSTRUSTEE

DAVID ELLISVICE CHAIR

DARLENE HOLLYWOODTRUSTEE

BRYAN GREGORYTRUSTEE

About this charity

Recognized since: January 1974
Location: 1050 HINGHAM STREET, ROCKLAND, MA 02370
County: Plymouth
In care of: TIMOTHY CAHILL
Primary officer: TIMOTHY CAHILL, PRESIDENT

How to reach them

Phone(617) 479-1111

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GERALD T REILLY & COMPANY
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations