South Shore Association For Independent Living Inc
South Shore Association For Independent Living Inc shows consistent revenue and asset growth with 0% reported officer compensation.
EIN: 112603787 · North Baldwin, NY · NTEE: P73Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.4M |
| Total Expenses | $19.2M |
| Program Spending | 98% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $5.8M |
| Transparency Score | 85/100 |
Is South Shore Association For Independent Living Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Shore Association For Independent Living Inc directs 98% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Shore Association For Independent Living Inc
South Shore Association For Independent Living Inc (EIN: 112603787) is a nonprofit organization based in North Baldwin, NY, classified under NTEE code P73Z. The organization reported total revenue of $21.4M and total assets of $26.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Shore Association For Independent Living Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Shore Association For Independent Living Inc is a large nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.6M |
| Total Expenses | $19.2M |
| Surplus / Deficit | +$381K |
| Total Assets | $22.5M |
| Total Liabilities | $16.7M |
| Net Assets | $5.8M |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 74.1% |
| Months of Reserves | 14.0 months |
Financial Health Grade: A
In 2023, South Shore Association For Independent Living Inc reported a surplus of $381K with revenue exceeding expenses, holds 14.0 months of operating reserves (strong position), has a debt-to-asset ratio of 74.1% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), South Shore Association For Independent Living Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +7.8% | +8.9% |
| 2022 | +9.6% | +7.1% | +33.0% |
| 2021 | +4.0% | +3.2% | +7.4% |
| 2020 | -1.9% | +2.4% | -1.1% |
| 2019 | +7.9% | +6.0% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Shore Association For Independent Living Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 2%
- programs: 98%
- fundraising: 0%
According to IRS 990 filings, South Shore Association For Independent Living Inc allocates its expenses as follows: admin: 2%, programs: 98%, fundraising: 0%. With 98% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $381K, with revenue exceeding expenses.
- Debt-to-asset ratio: 74.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $19 million. This suggests that executive compensation may be categorized under other expense lines or that the organization operates with an entirely volunteer executive leadership, which would be a significant positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of South Shore Association For Independent Living Inc's IRS 990 filings:
- Consistent 0% reported officer compensation, which is unusual for an organization of this size and makes it difficult to assess executive pay practices without further detail.
Strengths
The following positive indicators were identified for South Shore Association For Independent Living Inc:
- Consistent revenue growth, from $12.3M in 2014 to $19.6M in 2023.
- Strong asset growth, from $9.2M in 2014 to $22.4M in 2023, indicating financial stability.
- High program spending efficiency, with expenses closely tracking revenue (e.g., $19.2M expenses vs. $19.6M revenue in 2023).
- Consistent positive net income/surplus, allowing for asset accumulation and future investment.
Frequently Asked Questions about South Shore Association For Independent Living Inc
Is South Shore Association For Independent Living Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Shore Association For Independent Living Inc (EIN: 112603787) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does South Shore Association For Independent Living Inc spend its money?
South Shore Association For Independent Living Inc directs 98% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to South Shore Association For Independent Living Inc tax-deductible?
South Shore Association For Independent Living Inc is registered as a tax-exempt nonprofit (EIN: 112603787). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the South Shore Association For Independent Living Inc CEO make?
South Shore Association For Independent Living Inc's highest-compensated officer earns $19 annually. The organization reported $21.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does South Shore Association For Independent Living Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), South Shore Association For Independent Living Inc is above average for NTEE category P73Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is South Shore Association For Independent Living Inc located?
South Shore Association For Independent Living Inc is headquartered in North Baldwin, New York and files with the IRS under EIN 112603787. It is classified under NTEE code P73Z.
How many years of IRS 990 filings does South Shore Association For Independent Living Inc have?
South Shore Association For Independent Living Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $21.4M in total revenue.
Is South Shore Association For Independent Living Inc a good charity?
Based on the available financial data, the organization appears to be a good charity. It demonstrates consistent financial growth, strong program spending (expenses closely match revenue), and a healthy accumulation of assets, indicating stability and effective use of funds for its mission.
How does South Shore Association For Independent Living Inc manage its executive compensation?
The IRS 990 filings consistently report 0% officer compensation, which is highly unusual for an organization of this size. This suggests that executive compensation might be reported under other expense categories, or the organization relies on volunteer leadership, requiring further investigation to understand its compensation practices fully.
What is the trend in the organization's financial health?
The organization shows a strong positive trend in financial health, with revenue growing from $12,370,486 in 201412 to $19,615,663 in 202312, and assets increasing from $9,206,444 to $22,496,329 over the same period. This indicates robust growth and sound financial management.
What is the organization's spending efficiency?
The organization demonstrates high spending efficiency, with expenses consistently close to revenue. For example, in 202312, expenses were $19,234,896 against revenues of $19,615,663, indicating that a very high proportion of funds are directly used for its operations and programs.
Filing History
IRS 990 filing history for South Shore Association For Independent Living Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), South Shore Association For Independent Living Inc's revenue has grown by 90.8%, moving from $10.3M to $19.6M. Total assets increased by 173.4% over the same period, from $8.2M to $22.5M. Total functional expenses rose by 86.2%, from $10.3M to $19.2M. In its most recent filing year (2023), South Shore Association For Independent Living Inc reported a surplus of $381K, with revenue exceeding expenses. The organization holds $16.7M in liabilities against $22.5M in assets (debt-to-asset ratio: 74.1%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.6M | $19.2M | $22.5M | $16.7M | — | — |
| 2022 | $18.4M | $17.8M | $20.7M | $15.2M | — | View 990 |
| 2021 | $16.8M | $16.7M | $15.5M | $10.7M | — | View 990 |
| 2020 | $16.2M | $16.1M | $14.5M | $9.7M | — | — |
| 2019 | $16.5M | $15.8M | $14.6M | $9.9M | — | View 990 |
| 2018 | $15.3M | $14.9M | $13.8M | $9.8M | — | View 990 |
| 2017 | $14.5M | $14.4M | $13.1M | $9.6M | — | — |
| 2016 | $13.4M | $13.2M | $13.2M | $9.7M | — | View 990 |
| 2015 | $14.4M | $12.4M | $11.0M | $5.3M | — | View 990 |
| 2014 | $12.4M | $11.8M | $9.2M | $5.5M | — | View 990 |
| 2013 | $11.7M | $11.6M | $9.0M | $5.9M | — | View 990 |
| 2012 | $10.3M | $10.2M | $8.7M | $5.7M | — | View 990 |
| 2011 | $10.2M | $10.1M | $8.6M | $5.7M | — | View 990 |
| 2010 | $10.3M | $10.3M | $8.2M | $5.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.6M, expenses of $19.2M, and assets of $22.5M (revenue +6.5% year-over-year).
- 2022: Revenue of $18.4M, expenses of $17.8M, and assets of $20.7M (revenue +9.6% year-over-year).
- 2021: Revenue of $16.8M, expenses of $16.7M, and assets of $15.5M (revenue +4.0% year-over-year).
- 2020: Revenue of $16.2M, expenses of $16.1M, and assets of $14.5M (revenue -1.9% year-over-year).
- 2019: Revenue of $16.5M, expenses of $15.8M, and assets of $14.6M (revenue +7.9% year-over-year).
- 2018: Revenue of $15.3M, expenses of $14.9M, and assets of $13.8M (revenue +5.6% year-over-year).
- 2017: Revenue of $14.5M, expenses of $14.4M, and assets of $13.1M (revenue +7.9% year-over-year).
- 2016: Revenue of $13.4M, expenses of $13.2M, and assets of $13.2M (revenue -7.2% year-over-year).
- 2015: Revenue of $14.4M, expenses of $12.4M, and assets of $11.0M (revenue +16.7% year-over-year).
- 2014: Revenue of $12.4M, expenses of $11.8M, and assets of $9.2M (revenue +5.8% year-over-year).
- 2013: Revenue of $11.7M, expenses of $11.6M, and assets of $9.0M (revenue +13.8% year-over-year).
- 2012: Revenue of $10.3M, expenses of $10.2M, and assets of $8.7M (revenue +1.0% year-over-year).
- 2011: Revenue of $10.2M, expenses of $10.1M, and assets of $8.6M (revenue -1.1% year-over-year).
- 2010: Revenue of $10.3M, expenses of $10.3M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Shore Association For Independent Living Inc:
Data Sources and Methodology
This transparency report for South Shore Association For Independent Living Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.