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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gonzalo Puigbo CEO | Officer | 37.5 | $160,000 |
Frannie Chan Controller | Officer | 37.5 | $66,925 |
Marcia Kittredge Controller (until 6/2022) | Officer | 37.5 | $83,243 |
Silvana Dinka President | OfficerTrustee | 2 | $0 |
Cassandra Arnaud Vice President | OfficerTrustee | 2 | $0 |
Stephanie Toews-Moeling Vice President (until 2/2022) | OfficerTrustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Polish Triangle Management Llc Real Estate Management Services | 12/30/19 | $167,565 |
Aafcpas Inc Auditing | 12/30/19 | $113,239 |
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 |
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. | $322,382 |
Compensation of current officers, directors, key employees. | $102,865 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $751,560 |
Pension plan accruals and contributions | $1,501 |
Other employee benefits | $110,154 |
Payroll taxes | $54,517 |
Fees for services: Management | $42,762 |
Fees for services: Legal | $56,448 |
Fees for services: Accounting | $78,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $367,265 |
Advertising and promotion | $0 |
Office expenses | $65,810 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,272,601 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $18,066 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $916,864 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $5,552,334 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $472,718 |
Savings and temporary cash investments | $25,667 |
Pledges and grants receivable | $135,364 |
Accounts receivable, net | $300,456 |
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 | $112,064 |
Net Land, buildings, and equipment | $46,584,710 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,534,094 |
Total assets | $52,165,073 |
Accounts payable and accrued expenses | $1,048,880 |
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 | $43,320,009 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,986,691 |
Total liabilities | $55,355,580 |
Net assets without donor restrictions | -$3,207,675 |
Net assets with donor restrictions | $17,168 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $52,165,073 |