Nonprofit · EIN 04-3003172
SOUTH COAST VENTURES INC
Tax-exempt · NEW BEDFORD, MA 02740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $260,531 | $414,436 | -$153,905 | $13,532,368 | $3,600,410 | $9,931,958 |
| September 30, 2024 | 990 | $203,248 | $297,051 | -$93,803 | $6,727,238 | $2,641,375 | $4,085,863 |
| September 30, 2023 | 990 | $134,122 | $138,808 | -$4,686 | $4,180,460 | $794 | $4,179,666 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $260,531
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $55,994
- Depreciation
- $309,150
- Program services (functional)
- $352,726
- Management and general (functional)
- $61,710
Balance sheet and other
- Total assets, start of year
- $6,727,238
- Total assets, end of year
- $13,532,368
- Total liabilities, end of year
- $3,600,410
- Net assets, end of year
- $9,931,958
- Land, buildings and equipment
- $12,095,199
- Net assets without donor restrictions
- $9,931,958
- Gross receipts
- $260,531
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1988
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID MCCREADY | PRESIDENT & CEO Trustee or director, Officer | 3.5 | $0 | $1,594,229 | $204,389 |
| RENEE CLARK | ASST CLERK/ EVP & COO SHS Officer | 2.5 | $0 | $1,221,168 | $203,192 |
| RAYFORD KRUGER MD | FORMER PRESIDENT & CEO Former | 0 | $0 | $1,316,776 | $32,290 |
| WADE BROUGHMAN | TREASURER/ EVP & CFO SHS (UNTIL 12/2024) Officer | 2.5 | $0 | $1,093,225 | $40,272 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $678,729 | $39,148 |
| MICHAEL BUSHELL | TREASURER (AS OF 1/25)/ EVP FIN & CFO SHG Officer | 2.5 | $0 | $174,309 | $30,054 |
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $0 | $115,000 | $0 |
| JOHN MUNGOVAN MD | TRUSTEE (UNTIL 12/2024) Trustee or director | 1.5 | $0 | $15,400 | $0 |
| ANIL SHUKLA | TRUSTEE (AS OF 1/2025) Trustee or director | 1.5 | $0 | $7,100 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $1,200 | $0 |
| JUDGE PHILLIP RAPOZA | TRUSTEE (AS OF 1/2025) Trustee or director | 1.5 | $0 | $0 | $0 |
| CARMEN SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | CLERK Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DONALD GIUMETTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 |
| W HUGH MORTON | TRUSTEE Trustee or director | 1.5 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 |
| LOUIS CABRAL | TRUSTEE Trustee or director | 1.5 | $0 |
990 for the year ended September 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $0 | $1,615,731 | $0 |
| RAYFORD KRUGER MD | PRESIDENT & CEO (UNTIL 1/2024) Trustee or director, Officer | 2.5 | $0 | $1,300,999 | $310,296 |
| RENEE CLARK | ASST CLERK/ EVP & COO SHS Officer | 2.5 | $0 | $1,121,185 | $191,394 |
| WADE BROUGHMAN | TREASURER/ EVP & CFO SHS Officer | 2.5 | $0 | $1,155,114 | $39,096 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $681,207 | $42,352 |
| DAVID MCCREADY | PRESIDENT & CEO (AS OF 1/2024) Trustee or director, Officer | 3.5 | $0 | $317,489 | $51,283 |
| JOHN MUNGOVAN MD | TRUSTEE (AS OF 1/2024) Trustee or director | 1.5 | $0 | $143,702 | $0 |
| ROBERT RONAN MD | TRUSTEE (UNTIL 12/2023) Trustee or director | 1.5 | $0 | $37,639 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $3,858 | $0 |
| CARMEN SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (AS OF 1/2024) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DONALD GIUMETTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| JAMES JEROME COOGAN | CLERK (UNTIL 12/2024) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| W HUGH MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| LOUIS CABRAL | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $0 | $4,459,953 | $40,207 |
| RAYFORD KRUGER MD | PRESIDENT & CEO Trustee or director, Officer | 2.5 | $0 | $1,752,849 | $239,631 |
| RENEE CLARK | ASST CLERK/ EVP & COO SHG Officer | 2.5 | $0 | $1,020,008 | $152,359 |
| WADE BROUGHMAN | TREASURER/ EVP & CFO SHG Officer | 2.5 | $0 | $1,027,327 | $36,160 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $666,673 | $39,194 |
| ANA LAUS | TRUSTEE (UNTIL 12/22) Trustee or director | 1.5 | $0 | $446,403 | $18,358 |
| ROBERT RONAN MD | TRUSTEE (AS OF 1/23) Trustee or director | 1.5 | $0 | $27,900 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $5,138 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| LOUIS CABRAL | CHAIR (UNTIL 12/22), TRUSTEE (AS OF 1/23) Trustee or director | 1.5 | $0 | $0 | $0 |
| DONALD GIUMETTI | VICE CHAIR (UNTIL 12/22), CHAIR (AS OF 1/23) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JAMES JEROME COOGAN | CLERK Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| W HUGH MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HEIDI KOSTIN | TRUSTEE (UNTIL 4/23) Trustee or director | 1.5 | $0 | $0 | $0 |
| CARMEN SYLVESTER | VICE CHAIR (AS OF 1/23) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 PAGE ST, NEW BEDFORD, MA 02740-3464
- Principal officer (990 for 2024)
- DAVID MCCREADY, 101 PAGE STREET, NEW BEDFORD, MA 02740
- Signed the 990
- MICHAEL BUSHELL, EVP FINANCE & CFO
- Phone
- (508) 973-2905
Mission
SOUTHCOAST VENTURES PARTICIPATES IN PROGRAMS THAT PROVIDE FOR THE IMPROVEMENT OF ACCESS TO HEALTHCARE SERVICES WITHIN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP, INC. AND ITS AFFILIATED CORPORATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAX, INCLUDING IDENTIFYING AREAS OF PHYSICIAN SHORTAGES, PROVIDING SUPPORT FOR THE RECRUITMENT OF PHYSICIANS TO AREAS WHERE THERE IS A COMMUNITY NEED AND PROVIDING PRACTICE SUPPORT.
Program accomplishments
- MRI JOINT VENTURE - JOINT VENTURE WITH SHIELD'S MRI PROVIDES PROMPT AND ACCURATE DIAGNOSIS AND TREATMENT FOR ITS NON-PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP, INC.'S PATIENTS. MRI SERVICES ARE PROVIDED AROUND THE CLOCK TO MEET THE NEEDS OF SOUTHCOAST PATIENTS, THEREBY IMPROVING ACCESS TO HEALTHCARE SERVICES FOR PATIENTS IN THE COMMUNITIES SERVED BY SHG.revenue $136,974
- AFFILIATE RENTAL INCOME - SOUTHCOAST VENTURES RENTS OUT MEDICAL OFFICES TO NON-PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP, INC. (SHG). THE RENTING OF THESE MEDICAL OFFICE BUILDINGS HAS ENABLED SHG TO EXPAND THEIR SERVICES AND OFFER PATIENTS IN THEIR AREAS INCREASED ACCESS TO HIGH QUALITY HEALTH CARE SERVICES.Expenses $352,726 · revenue $123,557
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 04-3003172
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1989
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E112)
- Assets (IRS master file)
- $13,532,368
- Income (IRS master file)
- $260,531
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $260,531 | $414,436 | $13,532,368 | XML |
| 990 | September 2024 | $203,248 | $297,051 | $6,727,238 | XML |
| 990 | September 2023 | $134,122 | $138,808 | $4,180,460 | XML |
| 990 | September 2022 | $183,458 | $69,724 | $4,187,296 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3003172).
Questions about SOUTH COAST VENTURES INC
- What is the EIN of SOUTH COAST VENTURES INC?
- The employer identification number (EIN) of SOUTH COAST VENTURES INC is 04-3003172.
- Is SOUTH COAST VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to SOUTH COAST VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SOUTH COAST VENTURES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTH COAST VENTURES INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH COAST VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTH COAST VENTURES INC?
- The 990 for the year ended September 30, 2025 names DAVID MCCREADY.
- Who are the officers and directors of SOUTH COAST VENTURES INC?
- The 990 for the year ended September 30, 2025 lists 22 people; 0 received compensation from the organization.
- How much revenue does SOUTH COAST VENTURES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $260,531, expenses of $414,436 and total assets of $13,532,368 at year end.
Other nonprofits in NEW BEDFORD
- SOUTHCOAST HOSPITALS GROUP INC EIN 22-2592333 · last filed 990 for 2025
- LIFESTREAM INC EIN 04-2743314 · last filed 990 for 2025
- SOUTHCOAST HEALTH SYSTEM INC EIN 04-2794625 · last filed 990 for 2025
- SACRED HEART HOME EIN 04-2140119 · last filed 990 for 2024
- FISHING PARTNERSHIP HEALTH PLAN CORPORATION EIN 04-3436352 · last filed 990 for 2025
- SOUTHCOAST LONG-TERM CARE PROPERTIES INC EIN 04-2984542 · last filed 990 for 2025
- SAJEN ORG INC EIN 47-3137955 · last filed 990-EZ for 2025
- NORTHEAST COMMUNITY SERVICES INC EIN 83-4447269 · last filed 990-N for 2024