South Cove Community Health Center Inc
- Assets
- $128.1m
- Revenue
- $51.6m
- Investments
- $74.4m
- Employees
- 273
- Location
- Boston, MA
- Founding
- 08/1972
- Data as of
- 06/2022
- EIN
- 04-2501818
Organization Overview
South Cove Community Health Center Inc is located in Boston, MA. The organization was established in 1972. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, South Cove Community Health Center Inc employed 273 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Cove Community Health Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, South Cove Community Health Center Inc generated $51.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $36.3m during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HEALTH CARE AND EDUCATION TO LOCAL COMMUNITIES.
Describe the Organization's Program Activity:
SOUTH COVE HAS FIVE SITES LOCATED IN THE GREATER BOSTON AREA WITH OVER 280 EMPLOYEES, SERVING APPROXIMATELY 32,000 PATIENTS ANNUALLY.WE ARE NOW THE LARGEST ASIAN COMMUNITY HEALTH CENTER IN MASSACHUSETTS WITH NEW AND EXPANDED CLINICS IN BOSTON (CHINATOWN & SOUTH STREET), QUINCY, AND MALDEN.TODAY, WE FACE MANY NEW CHALLENGES IN PROVIDING HEALTH CARE FOR ASIAN AMERICANS SUCH AS: INCREASE IN ETHNIC DIVERSITY WITHIN THE ASIAN COMMUNITY RISE OF NEW ASIAN COMMUNITIES IN SURROUNDING AREAS WITH MAINTENANCE OF TIES TO CHINATOWN TO CONTINUE TO MEET THE NEEDS OF OUR COMMUNITIES IN THIS CHANGING WORLD, WE HAVE: ESTABLISHED SATELLITE CLINICS IN THOSE SURROUNDING COMMUNITIES WITH RELATIVELY HIGH PERCENTAGE OF ASIANS. STAFFED THE CLINICS WITH NATIVE LANGUAGE SPEAKERS, INCLUDING CHINESE, VIETNAMESE, AND CAMBODIAN. EXPANDED COMPLEMENTARY SERVICE INCLUDING HEALTH EDUCATION OUTREACH. MEDICAL SERVICES: SOUTH COVE PROVIDES PRIMARY AND AMBULATORY CARE, INCLUDING THE FOLLOWING:ADULT MEDICINE: GENERAL INTERNAL MEDICINE GERIATRIC SERVICES RADIOLOGY/ULTRASOUND COMMUNITY HEALTHY HEART PROJECT BONE DENSITY IMAGING PEDIATRICS GENERAL PEDIATRIC SERVICES ADOLESCENT HEALTH IMMUNIZATIONS TUBERCULOSIS CLINIC THALASSEMIA SCREENING ASTHMA/PULMONARY CLINIC OBSTETRICS/GYNECOLOGY FULL OBSTETRIC SERVICES LABOR COACHING PRENATAL CLASSES GYNECOLOGICAL EXAMS FAMILY PLANNING BREAST AND CERVICAL HEALTH RADIOLOGY/ULTRASOUND MAMMOGRAPHY OPTOMETRY DENTAL GENERAL DENTISTRY ORAL SURGERY SCHOOL FLUORIDE TREATMENT PROGRAM BEHAVIORAL HEALTH PSYCHOTHERAPY EARLY INTERVENTION PARENT AIDE SERVICES INTENSIVE FAMILY INTERVENTION CASE MANAGEMENT CHILDREN'S COLLABORATIVE HEALTH EDUCATION HEPATITIS B INITIATIVE CHRONIC DISEASE PROGRAM BLOOD PRESSURE SCREENING BREAST AND CERVICAL INITIATIVE ANNUAL HEALTH FAIR HEALTH BEAT QUARTERLY COMMUNITY OUTREACH FIRST AID & CPR TRAINING FAMILY LIFE CENTER BRIGHTON/ALLSTON AFTER SCHOOL ENRICHMENT PROGRAM NUTRITION/WOMEN, INFANTS, AND CHILDREN (WIC) SPECIALTIES GASTROENTEROLOGY NEUROLOGY CARDIOLOGY PODIATRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Minping Liu Adult Doctor | 50 | $794,272 | |
Yuheng Ruan Adult Doctor | 50 | $650,029 | |
Rong Guan Adult Doctor | 50 | $640,026 | |
Qiyue Hu Adult Doctor | 50 | $552,744 | |
Eugene Welch CEO | Officer | 46 | $505,741 |
Eric Tiberi COO | Officer | 50 | $420,881 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Griffin Maintenance Services Professional Cleaning | 6/29/22 | $216,173 |
Colonial Maintenance Contractors Professional Cleaning | 6/29/22 | $309,200 |
Breast Imaging Physicians Medical Provider | 6/29/22 | $222,235 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,721,205 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,100,080 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,821,285 |
| Total Program Service Revenue | $39,687,763 |
| Investment income | $19,129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $87,950 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $51,616,127 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $926,622 |
| Compensation of current officers, directors, key employees. | $926,622 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,996,464 |
| Pension plan accruals and contributions | $958,547 |
| Other employee benefits | $1,883,157 |
| Payroll taxes | $1,677,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,030 |
| Fees for services: Accounting | $98,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,400 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,038,654 |
| Travel | $19,876 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,123,902 |
| Total functional expenses | $36,331,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,908,380 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $386,271 |
| Accounts receivable, net | $2,853,098 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $119,302 |
| Prepaid expenses and deferred charges | $200,700 |
| Net Land, buildings, and equipment | $25,235,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $74,397,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,100,399 |
| Accounts payable and accrued expenses | $7,185,624 |
| Grants payable | $0 |
| Deferred revenue | $59,594 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,245,218 |
| Net assets without donor restrictions | $120,825,880 |
| Net assets with donor restrictions | $29,301 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $128,100,399 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that South Cove Community Health Center Inc has recieved totaling $32,094.
| Awarding Organization | Amount |
|---|---|
Massdevelopment Hefa Trust Boston, MA PURPOSE: THIS GRANT WILL GO TOWARDS UPGRADING EQUIPMENT DIRECTLY RELATED TO VACCINE CAPACITY AND BLOOD BORNE INFECTION CONTROL. | $32,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Healthcare Network Inc New York, NY | $116,375,376 | $109,995,395 |
Community Health Project Inc New York, NY | $98,075,603 | $99,211,868 |
Riverbend Medical Group Inc Hartford, CT | $29,434,507 | $79,136,348 |
The Providence Community Health Centers Inc Providence, RI | $92,213,963 | $88,659,107 |
Signature Healthcare Medical Group Inc Brockton, MA | $35,048,796 | $73,463,169 |
Harbor Health Services Inc Mattapan, MA | $64,061,825 | $83,480,728 |
Morris Heights Health Center Inc Bronx, NY | $82,782,055 | $68,846,088 |
Greater Lawrence Family Health Center Inc Methuen, MA | $53,771,821 | $80,885,581 |
Cornell Scott Hill Health Corporation New Haven, CT | $53,591,940 | $82,156,450 |
Lynn Community Health Inc Lynn, MA | $37,031,099 | $77,579,888 |
Refuah Health Center Inc Spring Valley, NY | $86,079,660 | $83,793,686 |
William F Ryan Community Health Center Inc New York, NY | $83,034,128 | $83,576,380 |