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 12/2021, Somerville Community Corporation Inc employed 21 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 12/2021, Somerville Community Corporation Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 9.1% per year over the past 7 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

2021

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 109 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; AND THE 8 ONE AND TWO-BEDROOM UNITS AT 75 CROSS STREET. ALL OF SCC'S RENTAL PROPERTIES, INCLUDING 161 UNITS OWNED THROUGH LLCS, ARE MANAGED BY WINGATE MANAGEMENT COMPANY, UNDER CONTRACT WITH SCC. THIS PROGRAM IS HIGHLY SUCCESSFUL IN PROVIDING HOUSING FOR RESIDENTS, HOWEVER THE DEPRECIATION ON THESE BUILDINGS IS $849,054 CAUSING A NON-CASH LOSS TO SCC.


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 117 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 TEAM'S 2021 ACCOMPLISHMENTS INCLUDE: -ADDING 8 ADDITIONAL AFFORDABLE UNITS TO OUR PORTFOLIO, DUE TO OUR ACQUISITION OF 35/37 LINDEN STREET AND REHAB OF 72 MARSHALL ST.-CLOSING SALES ON 6 OF THE 11 UNITS DEVELOPED AT 163 GLEN ST (WITH THE REMAINING UNITS SCHEDULED TO CLOSE IN THE FIRST QUARTER OF 2022).-ADDING A COMMUNITY ENGAGEMENT SPECIALIST TO THE PROPERTY MANAGEMENT TEAM TO PROVIDE A HIGHER LEVEL OF SERVICES AND ENGAGEMENT FOR THE RESIDENTS OF OUR PROPERTIESSCC'S REAL ESTATE WORK-IN-PROGRESS CURRENTLY INCLUDES SERVING AS A DEVELOPMENT PARTNER ON THREE LARGER MULTIFAMILY DEVELOPMENTS ACROSS THE CITY OF SOMERVILLE. THE LARGEST AND FURTHEST ALONG OF THESE IS THE REDEVELOPMENT OF CLARENDON HILL, AN EXISTING SOMERVILLE HOUSING AUTHORITY (SHA) SITE. SCC IS PARTNERING WITH SHA, PRESERVATION OF AFFORDABLE HOUSING (POAH), AND REDGATE TO DEVELOP 591 TOTAL UNITS OF NEW HOUSING: 216 AFFORDABLE HOUSING UNITS, 80 NEW MODERATE-INCOME UNITS, AND 295 NEW MARKET RATE UNITS. CONSTRUCTION ON THE AFFORDABLE UNITS IS EXPECTED TO BEGIN IN MID-2022.


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 2021, THE ECONOMIC OPPORTUNITY TEAM HAD THE FOLLOWING ACHIEVEMENTS:FIRST SOURCE PROGRAM-SERVED 247 JOB SEEKERS-PLACED 73 JOB SEEKERS INTO NEW JOBS-HELD 58 JOB WORKSHOPS AND REACHED 433 JOB SEEKERS-AVERAGE STARTING WAGE AT INTAKE WAS $16.80-AVERAGE HIRED WAGE WAS $19.80ASSET BUILDING PROGRAM-HELD 11 HOMEBUYER EDUCATION SESSIONS WITH 410 PARTICIPANTS-312 OF THOSE PARTICIPANTS EARNED LESS THAN 80% HUD MEDIAN INCOME-HAD 52 ONE-ON-ONE INDIVIDUAL FINANCIAL COACHING SESSIONS ON TOPICS THAT INCLUDED FAIR HOUSING, BUDGETING, FINANCES, RENTAL ASSISTANCE AND MORE.


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.-WE REGULARLY ORGANIZE TENANTS OF "EXPIRING USE" PROPERTIES TO ENSURE THAT RENTS STAY AFFORDABLE. WE HAVE LED EXPIRING USE CAMPAIGNS THROUGHOUT THE CITY AND HELPED TO PRESERVE MORE THAN 200 AFFORDABLE UNITS-WITH SUPPORT FROM THE CITY OF SOMERVILLE AND THE HOUSING OF OFFICE STABILITY, WE HAVE SUPPORTED EFFORTS TO PASS THE REAL ESTATE TRANSFER FEE AT A STATEWIDE LEVEL TO CONTINUE TO ENHANCE THE PRODUCTION OF AFFORDABLE HOUSING ACROSS THE STATE-WE CONTINUE TO ADD OUR NAME AND SUPPORT TO TOPA (TENANTS OPPORTUNITY PROTECTIONS ACT), WHICH IS LEGISLATION THAT SUPPORTS TENANTS IN HAVING "RIGHTS OF FIRST REFUSAL", WHEN A BUILDING IS GOING TO BE SOLD, THUS ELIMINATING UNNECESSARY DISPLACEMENT-EARLY DURING THE YEAR, WE SIGNED THE "GUARANTEED HOUSING STABILITY ACT" THAT CREATED AN EVICTION MORATORIUM, SO THAT FAMILIES COULD REMAIN IN THEIR HOMES DURING THE COVID-19 EPIDEMIC-LAUNCHED A COALITION WITH SEVERAL LOCAL AGENCIES, INCLUDING MAHA, IN SUPPORT OF ARPA FUNDING FOR FIRST TIME HOMEBUYERSCOMMUNITY ORGANIZING & TENANT OUTREACH HIGHLIGHTS ALSO INCLUDE:-ASSISTED 25 TENANTS WITH OBTAINING SUBSIDIZED HOUSING EMERGENCY RENTAL ASSISTANCE (SHERA)-KEPT 164 TENANTS CONTINUOUSLY INFORMED REGARDING THE CLARENDON HILL REDEVELOPMENT-REACHED THE LOCAL COMMUNITY AT EVENTS SUCH AS BOYNTON YARDS JOB FAIR, OKTOBERFEST, AND SOMERVILLE WINTER FARMERS MARKET-DELIVERED OVER 170 GIFT CARDS TO SUPPORT FAMILIES THROUGH THE HOLIDAY SEASON-FACILITATED THE DONATION OF OVER 200 POUNDS OF FOOD TO SOMERVILLE HOMELESS COALITION


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Board, Officers & Key Employees

Name (title)Compensation
Gonzalo Puigbo
CEO
$160,000
Marcia Kittredge
Controller
$92,144
Stephanie Toews-Moeling
Vice-President
$0
Cassie Arnaud
Treasurer
$0
Kathy Mcgilvray
President
$0
Ezra Haber Glen
Director
$0

Outside Vendors & Contractors

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

Financial Statements

Statement of Revenue
Federated campaigns$100,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $937,195
All other contributions, gifts, grants, and similar amounts not included above$425,990
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,463,185
Total Program Service Revenue$2,859,204
Investment income $2,757
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 $4,458,191

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Somerville Community Corporation Inc has recieved totaling $151,430.

Awarding OrganizationAmount
Metro North Regional Employment Board

Cambridge, MA

PURPOSE: JOB TRAINING & PLACE

$76,550
Cambridge Savings Charitable Foundation Inc

Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$30,000
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$29,880
$5,000
Eastern Bank Charitable Foundation

Lynn, MA

PURPOSE: EXEMPT PURPOSE

$5,000
East Cambridge Savings Charitable Foundation Inc

East Cambridge, MA

PURPOSE: EXEMPT PURPOSE

$5,000
View Grant Recipient Profile

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