2025-11-14T18:30:44-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 66 HUDSON BLVD E SUITE 2200 NEW YORK NY 10001 990 2024-01-01 800687948 SOUTH COVE MANOR AT QUINCY POINT REHABILITATION CENTER INC SOUT 6174230590 288 WASHINGTON STREET QUINCY MA 02169 WILLIAM GRAVES PRESIDENT & CEO 6174230590 2025-11-14 1 1 MARY-EVELYN ANTONETTI P00431862 2126976900 2025-11-10 2024 2025-03-06 01:10:19Z WILLIAM GRAVES 288 WASHINGTON STREET QUINCY MA 02169 18532143 0 X WWW.SOUTHCOVEMANOR.COM X 2011 MA TO PROVIDE INDIVIDUALIZED REHABILITATION AND NURSING CARE THAT REFLECTS ASIAN CULTURAL VALUES. 21 21 214 26 0 0 63312 4184 18151094 18429502 9150 15912 32626 9666 18256182 18459264 1500 7500 0 0 11695203 12420655 0 0 2012 5261336 5463020 16958039 17891175 1298143 568089 33945046 35758261 19184860 20367690 14760186 15390571 X THE ORGANIZATION'S MISSION IS TO PROVIDE INDIVIDUALIZED REHABILITATION AND NURSING CARE THAT REFLECTS ASIAN CULTURAL VALUES. THE ORGANIZATION'S CORE VALUES INCLUDE: 1. RESPECTING THE PEOPLE WE SERVE, THEIR TRADITIONS, AND THEIR PREFERENCES, (SEE SCHEDULE O)2. PROVIDING EXCELLENT LEADING EDGE CARE AND SERVICES, 3. INVESTING IN OUR EMPLOYEES, AND 4. SERVING OUR COMMUNITY. 0 0 15696106 7500 18443962 NURSING & REHABILITATION SERVICES - THE ORGANIZATION'S MISSION IS TO PROVIDE INDIVIDUALIZED NURSING AND REHABILITATION CARE THAT REFLECTS ASIAN CULTURAL VALUES THROUGH THE OPERATION OF A 141-BED LONG-TERM CARE FACILITY IN QUINCY, MASSACHUSETTS. 15696106 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 11 0 1 214 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X SCOTT HANSON DIRECTOR OF FINANCE 6174230590 288 WASHINGTON STREET QUINCY MA 02169 JASON QU CHAIRMAN OF THE BOARD 2.00 1.00 X X 0 0 0 MAY CHIN VICE PRESIDENT 2.00 1.00 X X 0 0 0 CINDY LAW TREASURER 2.00 1.00 X X 0 0 0 HEMMIE CHANG CLERK 2.00 1.00 X X 0 0 0 MARIANNE BOWLER HONORABLE DIRECTOR 2.00 1.00 X 0 0 0 ALICE ROSE RN DIRECTOR 2.00 1.00 X 0 0 0 THOMAS CHIN DIRECTOR 2.00 1.00 X 0 0 0 DAVID TING DIRECTOR 2.00 1.00 X 0 0 0 LEONARD LAI MD DIRECTOR 2.00 1.00 X 0 0 0 STANLEY ELKERTON DIRECTOR 2.00 1.00 X 0 0 0 HELEN CHIN SCHLICHTE DIRECTOR 2.00 1.00 X 0 0 0 HON HOI YEE DIRECTOR 2.00 1.00 X 0 0 0 SUSAN LUO CFA DIRECTOR 2.00 1.00 X 0 0 0 EDWARD CHENG ESQ DIRECTOR (RESIGNED 5/2024) 2.00 1.00 X 0 0 0 LISA MUI DIRECTOR 2.00 1.00 X 0 0 0 HEATHER O'SULLIVAN DIRECTOR 2.00 1.00 X 0 0 0 RICHARD LUI ESQ DIRECTOR 2.00 1.00 X 0 0 0 ERIC SCHLICHTE DIRECTOR 2.00 1.00 X 0 0 0 JIM HSU DIRECTOR 2.00 1.00 X 0 0 0 DAVID CHIU MD DIRECTOR 2.00 1.00 X 0 0 0 OLIVIA WONG DIRECTOR 2.00 1.00 X 0 0 0 PHILIP CHENG AG DIRECTOR 2.00 1.00 X 0 0 0 WILLIAM GRAVES PRESIDENT/CEO 41.00 1.00 X 311635 0 29936 SCOTT HANSON DIRECTOR OF FINANCE 41.00 1.00 X 180714 0 12955 LI CHEN ADMINISTRATOR 40.00 0.00 X 189418 0 35022 MICHAEL O'BRIEN DON 40.00 0.00 X 174034 0 16865 MARY LOU FALLETTI LPN 40.00 0.00 X 133272 0 8913 PATRICIA JOHNSON RN 40.00 0.00 X 138211 0 5881 FERNANDE HYPPOLITE LPN 40.00 0.00 X 144369 0 1575 1271653 0 111147 22 0 1 0 INTELYCARE INC 1250 HANCOCK ST 501N QUINCY MA 02169 AGENCY NURSING 396451 SYNCHRONY REHAB 28100 TORCH PKWY 600 WARRENVILLE IL 60555 REHAB THERAPIST 393477 US FOODS 8 CARNEGIE ROW NORWOOD MA 02062 FOOD SERVICES 344504 3 4184 4184 NET PATIENT SERVICE REVENUE 623000 18429502 18429502 18429502 15912 15912 68085 72879 -4794 -4794 -4794 TV/CABLE REVENUE 623000 14460 14460 14460 18459264 18443962 0 11118 7500 7500 535240 535240 9950458 8936872 1013586 175245 175245 955725 830929 124796 803987 690006 113981 10834 10834 52835 13209 39626 583113 570204 12909 79876 79876 131976 75733 56243 177295 167531 7937 1827 614143 571714 42429 393 393 46621 45946 675 644709 621527 23182 859286 820129 39157 219210 132222 86988 DIETARY 551588 551588 MEDICAL SUPPLIES 459266 459081 185 THERAPY EXPENSE 397299 397299 USER FEE 393443 393443 241133 235928 5205 17891175 15696106 2193057 2012 926857 1545205 445611 96499 2484346 2396455 482657 251899 40971167 9844838 29353681 31126329 65859 59727 186035 282147 33945046 35758261 1080529 1515688 36373 132908 14990287 14415244 1732830 2794039 1344841 1509811 19184860 20367690 X 14760186 15390571 14760186 15390571 33945046 35758261 X 568089 62296 X X 0 1 X 1 0 X 3658316 1319464 892366 63312 4184 5937642 13802856 15413645 16333129 18151094 18429502 82130226 17461172 16733109 17225495 18214406 18433686 88067868 0 1804 1804 1804 1804 88066064 31592 781 1454 43645 83997 161469 31592 781 1454 43645 83997 161469 4410 20 17900 16445 14460 53235 17497174 16733910 17244849 18274496 18532143 88282572 0.99750 0.99390 0.00180 0.00540 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 4,410. 2021 AMOUNT: $ 20. 2022 AMOUNT: $ 17,900. 2023 AMOUNT: $ 16,445. 2024 AMOUNT: $ 14,460. 1 34231 238278 233071 39438 0 78300 5000 7004 11845 78459 77932 5000 8773 13405 78300 73297 25811 -9676 11500 77932 126625 7190 60518 73297 130942 11750 6508 22575 126625 0.00000 0.38237 0.61764 0 1 1 6736069 6736069 29899146 7678106 22221040 1923880 163359 1760521 2388426 2003373 385053 23646 23646 31126329 DUE TO RELATED PARTIES 1265587 DEFERRED COMP LIABILITY 244224 1509811 X PART IV, LINE 1B: THE ORGANIZATION HAS FIDUCIARY CONTROL OF THE PERSONAL NEEDS ACCOUNT HELD FOR THE BENEFIT OF THE RESIDENTS. PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT IS HELD BY A RELATED ORGANIZATION, SOUTH COVE NURSING FACILITIES FOUNDATION, INC. IN ACCORDANCE WITH THE DONOR REQUIREMENTS, THE ENDOWMENT FUNDS ARE HELD IN PERPETUITY. ENDOWMENT RETURNS MAY BE USED FOR THE APPRECIATION EVENTS FOR THE EMPLOYEES OF THE NURSING HOME OPERATOR. PART X, LINE 2: BELOW IS AN EXCERPT FROM THE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR SOUTH COVE MANOR NURSING AND REHABILITATION CENTER, INC. AND SUBSIDIARIES: THE FOUNDATION, WASHINGTON MILLS, AND THE PARENT ARE NONPROFIT CORPORATIONS AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION FOLLOWS THE GUIDANCE OF ACCOUNTING STANDARDS CODIFICATION (ASC) 740, ACCOUNTING FOR INCOME TAXES, RELATED TO THE UNCERTAINTIES IN INCOME TAXES, WHICH PRESCRIBES A THRESHOLD OF MORE LIKELY THAN NOT FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. MANAGEMENT HAS EVALUATED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, IF ANY, ON ITS EXEMPT ORGANIZATION FILINGS, AND THE LIKELIHOOD THAT UPON EXAMINATION THOSE POSITIONS WOULD BE SUSTAINED. BASED ON THE RESULTS OF THIS EVALUATION, MANAGEMENT DETERMINED THERE ARE NO POSITIONS THAT NECESSITATE DISCLOSURES AND/OR ADJUSTMENTS. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES DURING THE PERIODS COVERED BY THESE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S TAX RETURNS COULD BE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO SUCH EXAMINATIONS PENDING OR IN PROGRESS. X X X 0 1 0 0 0 0 0 1 0 WILLIAM GRAVES PRESIDENT/CEO 254635 0 57000 0 0 0 17723 0 12213 0 341571 0 0 0 LI CHEN ADMINISTRATOR 157668 0 31750 0 0 0 22809 0 12213 0 224440 0 0 0 SCOTT HANSON DIRECTOR OF FINANCE 155714 0 25000 0 0 0 12955 0 0 0 193669 0 0 0 MICHAEL O'BRIEN DON 152034 0 22000 0 0 0 12208 0 4657 0 190899 0 0 0 PART I, LINE 4B LI CHEN RECEIVED $4,953 FROM A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. PART I, LINE 7 THE AMOUNTS REPORTED IN PART II, COLUMN (B)(II) WERE ALL NON-FIXED PAYMENTS. A MASS DEVELOPMENT FINANCE AGENCY 043431814 NONEAVAIL 2012-10-30 19000000 LAND ACQUISITION AND FACILITY COSTS 0 0 0 A 4584756 19000000 252483 100640 18600277 46600 2014 0 0 1 1 A 0 0 1 0 0 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE CONSISTS OF ALL VOTING DIRECTORS WHO ARE ALSO OFFIERS OR COMMITTEE CHAIRS. THE EXECUTIVE COMMITTEE HAS FULL AUTHORITY BETWEEN BOARD SESSIONS, IF NEEDED. FORM 990, PART VI, SECTION A, LINE 2 A FAMILY RELATIONSHIP EXISTS BETWEEN MAY CHIN, VICE PRESIDENT; THOMAS CHIN, DIRECTOR; HELEN CHIN SCHLICHTE, DIRECTOR; AND ERIC SCHLICHTE, DIRECTOR FORM 990, PART VI, SECTION A, LINE 4 IN 2024, THE BOARD APPROVED CHANGES TO THE LENGTH AND TENURE OF THE BOARD MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S AUDIT COMMITTEE REVIEWS AND APPROVES THE DRAFT FORM 990. THE COMPLETE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PART OF THE ORGANIZATION'S BY-LAWS AND IS DISCUSSED BY THE BOARD OF DIRECTORS AND TOP MANAGEMENT PERSONNEL AT THE FIRST BOARD METTING EACH YEAR REGARDING ANY/ALL SIGNIFICANT TRANSACTIONS. THE CONFLICT OF INTEREST POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES. ANY CONFLICTS OF INTEREST ARE DISCLOSED TO THE BOARD PRIOR TO APPROVAL OR RATIFICATION OF THE CONTRACT OR TRANSACTION BY MAJORITY VOTE OF THE DISINTERESTED PERSONS. THE CEO, ADMINISTRATOR AND FINANCE DIRECTOR ARE TASKED WITH OVERSEEING THE DISBURSEMENTS AND CONTRACT MANGAEMENT FUNCTIONS AND MONITORING FOR ANY CONFLICTING RELATIONSHIP WITH THE ORGANIZATION. ALL BOARD MEMBERS ARE AWARE OF THE NEED TO NOTIFY THE BOARD AND MANAGEMENT TEAM OF ANY CONFLICTS. THE BOARD IS NOTIFIED WHEN A CONFLICT OF INTEREST MIGHT OCCUR. SHOULD AN ACTUAL OR PERCEIVED CONFLICT OF INTEREST PRESENT ITSELF, THE MANAGEMENT TEAM IS FULLY PREPARED TO ASK THE BOARD TO CONSIDER APPROPRIATE ACTION FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO AND TOP MANAGEMENT INCLUDES APPROVAL BY THE COMPENSATION COMMITTEE AND DOCUMENTATION OF THE DELIBERATION OF THE DECISION DONE IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY TRANSFER 62,296. FORM 990, PART XII, LINE 2C: PROCESS IS UNCHANGED FROM PRIOR YEAR. WASHINGTON MILLS QUINCY INC 288 WASHINGTON STREET QUINCY MA 02169 923044391 TO SUPPORT SCMN & RC MA -169676 5542058 SOUTH COVE MANOR NURSING AND REHABILITATION SOUTH COVE NURSING FACILITIES FOUNDATION INC 288 WASHINGTON STREET QUINCY MA 02169 046406242 NURSING AND CARE FACILITIES MA 501(C)(3) LINE 12A, I SOUTH COVE MANOR NURSING AND REHABILITATION 1 0 0 0 0 1 0 0 0 0 0 0 1 1 1 1 0 1 0 1 SOUTH COVE NURSING FACILITIES FOUNDATION INC Q 133485 SEE ATTACHED STMT SOUTH COVE NURSING FACILITIES FOUNDATION INC S 62296 SEE ATTACHED STMT SOUTH COVE NURSING FACILITIES FOUNDATION INC E 4900000 SEE ATTACHED STMT PART V, LINE 1 AMOUNT REPRESENTED ON LINE 2, COLUMN B, TRANSACTION TYPE, IS THE TOTAL AMOUNT FOR LINES 1L, M, N, O, Q.