2025-08-15T10:53:33-05:00 2024-09-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 462045108 990 2023-10-01 050398822 SOUTH SHORE PROPERTY INC SOUT 7816248000 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 STEPHEN JENNEY SVP & CFO 7816248000 2025-08-15 1 1 SHAWNA M JANSONS P01222873 3174648600 2023 2025-03-06 01:10:19Z STEPHEN JENNEY 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 6379878 0 X NA X 1982 MA SOUTH SHORE PROPERTY ACQUIRES, MANAGES AND DEVELOPS REAL PROPERTY FOR USE IN CARRYING OUT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION'S PARENT COMPANY AND AFFILIATES. 13 8 0 8 0 0 0 0 5947912 6343849 35535 36012 25 17 5983472 6379878 0 0 0 0 0 0 0 0 0 6293362 6603866 6293362 6603866 -309890 -223988 59125185 53941637 33400922 28441362 25724263 25500275 SOUTH SHORE PROPERTY ACQUIRES, MANAGES AND DEVELOPS REAL PROPERTY FOR USE IN CARRYING OUT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION'S PARENT COMPANY AND AFFILIATES. 0 0 3569538 6343849 SOUTH SHORE PROPERTY, INC. DEVELOPS AND MANAGES THE AMBULATORY CANCER CENTER ADJACENT TO SOUTH SHORE HOSPITAL, A RELATED ORGANIZATION. 3569538 1 0 0 0 0 0 0 0 0 0 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 0 1 1 1 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 8 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 1 1 MA X STEPHEN JENNEY 7816248000 55 FOGG RD SOUTH WEYMOUTH MA 01290 ALLEN SMITH MD PRESIDENT & CEO 0.50 44.00 X X 0 1263309 183307 KIMBERLY DEVER MD DIRECTOR, CHIEF OB/GYN 0.50 43.00 X 0 790024 41762 AMANDA MARCHICA DO DIRECTOR AS OF 10/1/2023 0.50 43.00 X 0 285142 31720 BRADFORD SAMPSON DIRECTOR 0.50 4.00 X 0 80000 0 PAMELA O'LEARY CHAIR 0.50 4.00 X X 0 0 0 THOMAS MCCARTHY VICE CHAIR 0.50 4.00 X X 0 0 0 ALAN MCKIM DIRECTOR 0.50 4.00 X 0 0 0 CHRISTOPHER ODDLEIFSON DIRECTOR THRU 12/31/2023 0.50 4.00 X 0 0 0 ELLEN ESSENFELD DIRECTOR 0.50 4.00 X 0 0 0 GRACE LEE DIRECTOR AS OF 10/1/2023 0.50 4.00 X 0 0 0 HELEN GARVEY DIRECTOR THRU 12/31/2023 0.50 4.00 X 0 0 0 KENNETH QUIGLEY JR DIRECTOR AS OF 10/1/2023 0.50 4.00 X 0 0 0 MICHAEL SHEEHAN DIRECTOR 0.50 4.00 X 0 0 0 PAMELA WHELTON DIRECTOR THRU 12/31/2023 0.50 4.00 X 0 0 0 PAUL WANTANABE PHD DIRECTOR 0.50 4.00 X 0 0 0 PAULA L BECKER DIRECTOR 0.50 4.00 X 0 0 0 JOSEPH R DRISCOLL ESQ SECRETARY 0.50 44.00 X 0 571479 36056 STEPHEN JENNEY CFO & TREAS. AS OF 10/1/23 0.50 44.00 X 0 293418 20403 JUSTIN CAMPBELL DIRECTOR THRU 9/30/2023 0.00 1.00 X 0 91600 0 MICHAEL AYERS MD DIRECTOR THRU 9/30/2023 0.50 5.00 X 0 29133 0 KRISTINE HANSCOM CPA MST CGMA FORMER TREAS. & CFO (THRU 5/31/23) 0.50 44.00 X 0 907550 18546 0 4311655 331794 0 1 1 0 BEALE'S LLC PO BOX 143 ACCORD MA 02018 CLEANING SERVICES 155870 JM SERVICE COMPANY PO BOX 850369 BRAINTREE MA 02185 HVAC SERVICES 150223 2 RENTAL REVENUE 900002 6343849 6343849 6343849 36012 36012 PURCHASE DISCOUNTS 900099 17 17 17 6379878 6343849 0 36029 47155 47155 339 339 2635206 2635206 993337 934332 59005 2617103 2617103 CORPORATE ALLOCATION 310223 310223 503 503 6603866 3569538 3034328 0 5367345 2162630 111306 211251 82373 102707 75499279 25490068 52307852 50009211 1256309 1455838 59125185 53941637 2245836 523185 29314786 26853791 1840300 1064386 33400922 28441362 X 25724263 25500275 25724263 25500275 59125185 53941637 -223988 0 X 0 1 X 1 0 X X 2 SOUTH SHORE HEALTH SYSTEM INC 042105926 3 1 0 0 SOUTH SHORE HOSPITAL INC 042769210 3 1 796701 0 2 796701 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 SCHEDULE A, PART I, LINE 12G: SOUTH SHORE PROPERTY, INC. DID NOT PROVIDE DIRECT MONETARY SUPPORT TO SOUTH SHORE HEALTH SYSTEM, INC. IN THE CURRENT YEAR BUT SUPPORTS THE ORGANIZATION THROUGH SPONSORSHIP OF PROGRAMS AND ADVANCEMENT OF HEALTHCARE KNOWLEDGE. 321185 321185 70749990 22315964 48434026 4361458 3124278 1237180 66646 49826 16820 50009211 ROU LEASE LIABILITY 1064386 1064386 X PART X, LINE 2: THE CORPORATION FOLLOWS THE PROVISIONS OF FASB ASC 740, INCOME TAXES, RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC 740 CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS. IT PRESCRIBES AN UNCERTAINTY THRESHOLD AND MEASUREMENT ATTRIBUTES FOR FINANCIAL STATEMENT DISCLOSURE OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. 1 0 0 0 0 0 0 0 0 ALLEN SMITH MD PRESIDENT & CEO 0 1082002 0 175763 0 5544 0 159900 0 23407 0 1446616 0 0 KRISTINE HANSCOM CPA MST CGMA FORMER TREAS. & CFO (THRU 5/31/23) 0 275823 0 0 0 631727 0 9900 0 8646 0 926096 0 0 KIMBERLY DEVER MD DIRECTOR, CHIEF OB/GYN 0 671901 0 90317 0 27806 0 9900 0 31862 0 831786 0 0 JOSEPH R DRISCOLL ESQ SECRETARY 0 514628 0 34015 0 22836 0 9900 0 26156 0 607535 0 0 AMANDA MARCHICA DO DIRECTOR AS OF 10/1/2023 0 172732 0 112121 0 289 0 7641 0 24079 0 316862 0 0 STEPHEN JENNEY CFO & TREAS. AS OF 10/1/23 0 233482 0 56875 0 3061 0 5960 0 14443 0 313821 0 0 JUSTIN CAMPBELL DIRECTOR THRU 9/30/2023 0 91600 0 0 0 0 0 0 0 0 0 91600 0 0 MICHAEL AYERS MD DIRECTOR THRU 9/30/2023 0 29133 0 0 0 0 0 0 0 0 0 29133 0 0 PART I, LINE 3 THE PRESIDENT/CEO OF THE CORPORATION RECEIVES COMPENSATION FOR SERVICES PERFORMED FOR A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF PARENT ORGANIZATION, SOUTH SHORE HEALTH SYSTEM, DETERMINES THE PRESIDENT'S COMPENSATION. THE COMPENSATION COMMITTEE MEETS PERIODICALLY AND ENGAGES AN INDEPENDENT EXTERNAL COMPENSATION CONSULTING FIRM TO ESTABLISH THE COMPENSATION OF KEY SYSTEM EMPLOYEES. THE CONSULTING FIRM DEVELOPS AND PRESENTS ALL MATERIALS INCLUDING MARKET TRENDS, COMPENSATION STUDIES AND SURVEYS, AND ADHERES TO BEST PRACTICE GUIDELINES. THE FINAL RECOMMENDATION FOR COMPENSATION CHANGES IS PRESENTED AND APPROVED BY THE ENTIRE INDEPENDENT COMMUNITY OF THE BOARD OF DIRECTORS. PART I, LINE 4A KRISTINE HANSCOM, THE FORMER CFO & TREASURER RECEIVED SEPARATION COMPENSATION IN THE AMOUNT OF $586,000 FROM SOUTH SHORE HOSPITAL, A RELATED ORGANIZATION. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431914 000000000 2020-06-26 37370000 TO REFINANCE SSP SERIES A BONDS (ISSUED 6/3/2008) 0 0 0 A 9995000 37370000 37370000 1 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION A, LINE 2 THE PERSONS LISTED IN PART VII HAVE A "BUSINESS RELATIONSHIP" WITH ONE ANOTHER DUE TO THE OVERLAPPING BOARD STRUCTURE OF SOUTH SHORE HEALTH SYSTEM AND ITS RELATED ENTITIES. FORM 990, PART VI, SECTION A, LINE 6 SOUTH SHORE HEALTH SYSTEM, INC., AN AFFILIATE, IS THE SOLE MEMBER OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A OFFICERS AND DIRECTORS ARE ELECTED ANNUALLY BY A BOARD VOTE OF THE SOLE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY THE TAX PRACTICE OF ITS INDEPENDENT AUDITORS. THE RETURN IS THEN REVIEWED BY THE TREASURER. FORM 990 IS UPLOADED TO THE GOVERNING BOARD'S WEB PORTAL FOR ALL BOD MEMBERS TO REVIEW PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST FORM ANNUALLY. THE FORMS ARE REVIEWED FOR CONFLICTS OR POTENTIAL CONFLICTS. BOARD MEMBERS ABSTAIN FROM VOTING ON MATTERS THAT PRESENT A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 SOUTH SHORE HEALTH SYSTEM (SSHS), PARENT OF SOUTH SHORE PROPERTY, HAS A COMPENSATION COMMITTEE THAT SETS THE COMPENSATION PHILOSOPHY AND PAY APPROACH FOR THE EXECUTIVE TEAM AND MAKES COMPENSATION DECISIONS FOR THE PRESIDENT/CEO. UTILIZING THE ESTABLISHED PHILOSOPHY AND APPROACH, THE COMMITTEE DELEGATES COMPENSATION DECISIONS FOR THE REST OF THE EXECUTIVE TEAM TO THE PRESIDENT/CEO. THE COMPENSATION COMMITTEE MEETS PERIODICALLY, IS INDEPENDENT AND CONSISTS SOLELY OF MEMBERS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH REGARDS TO COMPENSATION MATTERS. SSHS UTILIZES AN INDEPENDENT OUTSIDE CONSULTANT TO DETERMINE EXECUTIVE COMPENSATION FOR THE PRESIDENT/CEO, AS WELL AS OTHER MEMBERS OF THE EXECUTIVE TEAM. THE CONSULTANT PRESENTS RELEVANT DATA REGARDING SYSTEM EXECUTIVES TO THE COMMITTEE FOR REVIEW, AND APPROVAL FOR THE PRESIDENT/CEO. ALL DATA PRESENTED, AS WELL AS COMPENSATION DELIBERATIONS AND VOTES, IS DOCUMENTED IN THE COMPENSATION COMMITTEE MINUTES. THE BOARD'S REVIEW AND APPROVAL PROCESS TAKES PLACE ANNUALLY FOR IMPLEMENTATION AT THE START OF THE NEW FISCAL YEAR. COMPENSATION DECISIONS FOR ALL OTHER HOSPITAL EMPLOYEES, INCLUDING KEY EMPLOYEES, ARE ALSO MADE ANNUALLY AND ARE BASED ON A REVIEW OF COMPARABLE INDUSTRY DATA, MARKET CONDITIONS AND RESEARCH PROVIDED BY OUTSIDE CONSULTANTS. FORM 990, PART VI, SECTION C, LINE 19 SOUTH SHORE PROPERTY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE FOR INSPECTION AT THE CORPORATION'S OFFICE. COPIES OF THESE DOCUMENTS ARE ALSO AVAILABLE UPON REQUEST. IN ADDITION, CERTAIN GOVERNING DOCUMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS SECRETARY OF THE COMMONWEALTH'S CORPORATIONS DIVISION DATABASE. SOUTH SHORE HOSPITAL INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 042769210 HOSPITAL MA 501(C)(3) 3 SOUTH SHORE HEALTH SYSTEM INC 1 COASTAL MEDICAL ASSOCIATES INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 043170333 PROVIDES SPECIALIZED MEDICAL CARE MA 501(C)(3) 3 SOUTH SHORE HEALTH SYSTEM INC 1 METROSOUTH OBSTETRICS & GYNECOLOGY INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 330998957 PROVIDES SPECIALIZED MEDICAL CARE MA 501(C)(3) 3 SOUTH SHORE HOSPITAL INC 1 ATLANTIC WOMEN'S HEALTH INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 200156651 PROVIDES SPECIALIZED MEDICAL CARE MA 501(C)(3) 3 SOUTH SHORE HOSPITAL INC 1 SOUTH SHORE HEALTH EXPRESS INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 452385865 OPERATES MEDICAL URGENT CARE CENTERS MA 501(C)(3) 10 COASTAL MEDICAL ASSOCIATES INC 1 CONNECTED CARE OF SOUTHEASTERN MASSACHUSETTS INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 823503666 OPERATE AN ACCOUNTABLE CARE ORGANIZATION MA 501(C)(3) 10 SOUTH SHORE HEALTH SYSTEM INC 1 SOUTH SHORE MEDICAL CENTER INC 143 LONGWATER DRIVE NORWELL MA 02061 042297845 SPECIALIZED AND PRIMARY MEDICAL CARE MA 501(C)(3) 10 COASTAL MEDICAL ASSOCIATES INC 1 SOUTH SHORE HEALTH SYSTEM INC 55 FOGG ROAD SOUTH WEYMOUTH MA 02190 042105926 SUPPORTS THE CHARITABLE MISSION OF SOUTH SHORE HOSPITAL AND ITS AFFILIATES MA 501(C)(3) 12B, II N/A 0 SOUTH SHORE HEALTH INTEGRATED DELIVERY NETWORK INC 55 FOGG RD SOUTH WEYMOUTH MA 02190 852785921 TO DEVELOP & MAINTAIN A NETWORK OF PROVIDERS FOR DELIVERY OF HEALTHCARE SERV MA N/A C 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 0 0 0 SOUTH SHORE HOSPITAL INC J 635478 COST SOUTH SHORE HOSPITAL INC K 450509 COST