The Somerville Home Inc
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Somerville, MA
- Founding
- Data as of
- 12/2018
- EIN
- 04-2105741
Organization Overview
The Somerville Home Inc is located in Somerville, MA. As of 12/2018, Somerville Home Inc employed 28 individuals. Somerville Home 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 12/2018, Somerville Home Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDED QUALITY RESIDENTIAL CARE TO THE ELDERLY FROM SOMERVILLE AND SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH NOVEMBER 30, 2018, SOMERVILLE FOCUSED ON THE OPERATION OF A 59-BED REST HOME LOCATED IN SOMERVILLE, MASSACHUSETTS LOCATED AT 117 SUMMER STREET. ON NOVEMBER 30, 2018, THE ORGANIZATION MERGED WITH RIVERSIDE COMMUNITY CARE, INC. RIVERSIDE HAS CLOSED THE FACILITY FOR RENOVATIONS AND PLANS TO REOPEN THEM IN 2020, OFFERING A VARIETY OF SOCIAL SERVICES TO RESIDENTS OF MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Brady Clerk | OfficerTrustee | 1 | $0 |
Edwin J Smith President | OfficerTrustee | 1 | $0 |
Jessica Brayden Director | Trustee | 1 | $0 |
John M Connolly Director | Trustee | 1 | $0 |
Rod Laurenz Director | Trustee | 1 | $0 |
Darcie Deluca Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Glendale Senior Dining Inc Dining Services | 12/30/18 | $446,626 |
Krokidas And Bluestein Legal Services | 12/30/18 | $118,765 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,982 |
| Total Program Service Revenue | $1,335,235 |
| Investment income | $5,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,343,182 |
| 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. | $203,033 |
| Compensation of current officers, directors, key employees. | $86,631 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,445 |
| Pension plan accruals and contributions | $21,727 |
| Other employee benefits | $74,778 |
| Payroll taxes | $104,502 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,765 |
| Fees for services: Accounting | $40,542 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $378,315 |
| Advertising and promotion | $509 |
| Office expenses | $83,932 |
| Information technology | $17,539 |
| Royalties | $0 |
| Occupancy | $104,328 |
| Travel | $4,654 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $47,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,634 |
| Insurance | $22,687 |
| All other expenses | $456 |
| Total functional expenses | $2,290,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |