Somerville Community Corporation Inc

Organization Overview

Somerville Community Corporation Inc is located in Somerville, MA. The organization was established in 1974. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Somerville Community Corporation Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somerville Community Corporation 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 12/2022, Somerville Community Corporation Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $5.6m during the year ending 12/2022. While expenses have increased by 9.5% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE SOMERVILLE COMMUNITY CORPORATION (SCC) IS A MEMBERSHIP ORGANIZATION THAT PROVIDES LEADERSHIP FOR SUSTAINING THE CITY OF SOMERVILLE AS A VIBRANT, DIVERSE AND TOLERANT COMMUNITY. WE OFFER SERVICES AND LEAD COMMUNITY ORGANIZING THAT SUPPORTS LOW- AND MODERATE-INCOME SOMERVILLE RESIDENTS IN THEIR EFFORTS TO ACHIEVE ECONOMIC SUSTAINABILITY AND INCREASE CIVIC PARTICIPATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL PROGRAMS - SIX OF SCC'S RENTAL HOUSING DEVELOPMENTS ARE OWNEDDIRECTLY BY SCC: THE 12 ONE AND TWO-BEDROOM UNITS AT 110 WALNUTSTREET; THE 6 THREE-BEDROOOM UNITS AT 190 GILMAN STREET; THE 18 TWO,THREE AND FOUR BEDROOM UNITS AT 33 BOW STREET; THE 14 SINGLE ROOMOCCUPANCY UNITS ON SEWALL STREET; THE 42 UNITS AT LINDEN STREET APARTMENTS; AND THE 8 ONE AND TWO-BEDROOM UNITS AT 75 CROSS STREET. ALL OF SCC'S RENTAL PROPERTIES, INCLUDING 165 UNITS OWNED THROUGH LLC'S, ARE MANAGED BY WINGATE MANAGEMENT COMPANY, UNDER CONTRACT WITH SCC.


COMMUNITY ORGANIZING - SCC HELPS TO MAKE SOMERVILLE MORE LIVABLE, SUSTAINABLE, AND INCLUSIVE BY INCREASING AND DIVERSIFYING HOUSING OPTIONS, AS WELL AS ORGANIZING IN THE COMMUNITY AROUND AFFORDABLE HOUSING POLICIES. IN 2022, WE ORGANIZED AROUND THE FOLLOWING INITIATIVES:-WE CONTINUE TO SUPPORT THE REAL ESTATE TRANSFER FEE IN HOPES OF PASSING THIS LOCAL RULE PETITION THAT CAN PROVIDE AFFORDABLE HOUSING FUNDS TO THE CITY OF SOMERVILLE-WE HAVE SUPPORTED EFFORTS WITH THE CITY'S OFFICE OF HOUSING STABILITY TO PROVIDE AFFORDABLE HOUSING UNITS FOR THE NEWLY CREATED MUNICIPAL RENTAL VOUCHER PROGRAM.-WE CONTINUE TO ADD OUR NAME TO SUPPORT TOPA (TENANT'S OPPORTUNITY AND PROTECTION ACT)-WE CREATED A RESIDENT ADVISORY COMMITTEE THAT SUPPORTS THE VOICES OF OUR RESIDENTS BY MEETING BI-MONTHLY WITH STAFF AND BOARD MEMBERS TO DISCUSS ISSUES AROUND THEIR RESIDENCY WITH SCC.-ASSISTED 20+ RESIDENTS WITH OBTAINING RENTAL ASSISTANCE


HOUSING DEVELOPMENT - SCC DEVELOPS AND PRESERVES AFFORDABLE RENTAL AND OWNERSHIP UNITS AND COMMERCIAL SPACE IN SOMERVILLE TO MAINTAIN AND STRENGTHEN THE SOCIOECONOMIC DIVERSITY OF THE CITY. IN TOTAL SCC MANAGES 121 SCATTERED SITE AFFORDABLE UNITS DIRECTLY, WHILE CONTRACTING WITH A THIRD-PARTY PROPERTY MANAGER TO MANAGE ANOTHER 219 UNITS IN LARGER MULTIFAMILY PROPERTIES.HIGHLIGHTS FROM THE REAL ESTATE DEVELOPMENT TEAM IN 2022 INCLUDE: -COMPLETED THE CLOSING OF ALL UNITS ON 163 GLEN STREET CONDOMINIUMS AND ADDED 8 AFFORDABLE HOMEOWNERSHIP HOUSING UNITS.-CLOSED ON 184 BROADWAY STREET IN SEPTEMBER 2023 AND ADDED 4 MORE AFFORDABLE HOUSING UNITS TO OUR 100 HOMES PROGRAM.-CLOSED ON OUR CLARENDON HILL PROJECT IN DECEMBER 2022 AND ADDED 80 NEW AFFORDABLE HOUSING UNITS.


ECONOMIC OPPORTUNITY - SCC WORKS TO PRESERVE THE CITY'S SOCIAL, ECONOMIC AND CULTURAL DIVERSITY AND COUNTERS YEARS OF UNEQUAL OPPORTUNITY BY OFFERING PROGRAMS AND SERVICES FOCUSED ON HELPING PEOPLE FIND GOOD LOCAL JOBS, ACHIEVE FINANCIAL STABILIZATION AND SUSTAINABILITY, AND MAKE THE DREAM OF AFFORDABLE HOMEOWNERSHIP A REALITY.IN 2022, THE ECONOMIC OPPORTUNITY TEAM HAD THE FOLLOWING ACHIEVEMENTS:-WE SERVED 274 JOB SEEKERS-WE WERE ABLE TO PLACE 52 JOB SEEKERS INTO NEW JOBS-SCC PROVIDED 31 WORKFORCE DEVELOPMENT CLASSES WITH 123 PARTICIPANTS-WE HAD 255 FUTURE HOMEBUYERS ATTEND OUR HOMEBUYER EDUCATION SEMINARS-WE PROVIDE FINANCIAL COUNSELLING TO 31 LOW INCOME FAMILIES


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Gonzalo Puigbo
CEO
$160,000
Frannie Chan
Controller
$66,925
Marcia Kittredge
Controller (until 6/2022)
$83,243
Silvana Dinka
President
$0
Cassandra Arnaud
Vice President
$0
Stephanie Toews-Moeling
Vice President (until 2/2022)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Polish Triangle Management Llc
Real Estate Management Services
$167,565
Aafcpas Inc
Auditing
$113,239
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$35,483
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $200,892
All other contributions, gifts, grants, and similar amounts not included above$483,469
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$719,844
Total Program Service Revenue$3,705,167
Investment income $4,574
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$216,404
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,494,144

Peer Organizations

Organization NameAssets
Chautauqua Opportunities Inc
Dunkirk, NY
$20,429,175
Cypress Hills Local Development Corporation Inc
Brooklyn, NY
$18,937,282
Phipps Neighborhoods Inc
New York, NY
$18,079,167
Painters District Council No 4 S U B Fund
Cheektowaga, NY
$17,072,135
Delaware Opportunities Inc
Hamden, NY
$16,566,367
Economic Opportunity Commission Of Nassau County Inc
Hempstead, NY
$15,152,505
Centerstate Corporation For Economic Opportunity
Syracuse, NY
$16,514,261
Commission On Economic Opportunity For The Rensselaer County Area Inc
Troy, NY
$17,072,435
Community Action Agency Of New Haven Inc
New Haven, CT
$14,214,528
Just A Start Inc
Cambridge, MA
$11,435,335
Fashion Center District Management Association Inc
New York, NY
$13,048,061
Volunteers Of America Inc
Rochester, NY
$11,737,550
Jamaica Plain Neighborhood Development Corporation
Jamaica Plain, MA
$10,049,053
Association Of Community Employment Programs For The Homeless Inc
Long Island City, NY
$9,767,899
Community Action Partnership Of Providence
Providence, RI
$8,796,481
Broc-Community Action In Southwestern Vermont
Rutland, VT
$9,366,618
Blackstone Valley Community Action Program Inc
Pawtucket, RI
$8,696,295
Urban Edge Housing Corp
Roxbury, MA
$10,937,114
Fifth Avenue Association Business Improvement District Inc
New York, NY
$6,747,998
Fifth Avenue Committee Incorporated
Brooklyn, NY
$8,824,001
Community Development Project Inc
New York, NY
$7,431,403
Civic Hall Labs Inc
New York, NY
$604,221
The Capital Good Fund
Providence, RI
$6,754,848
Trinity Alliance Of The Capital Region Inc
Albany, NY
$6,838,950
Brooklyn Alliance Inc
Brooklyn, NY
$5,905,135

Create an account to unlock the data you need.

or