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.
Form
990
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
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Gonzalo Puigbo CEO | Officer | 37.5 | $160,000 |
Marcia Kittredge Controller | Officer | 37.5 | $92,144 |
Stephanie Toews-Moeling Vice-President | OfficerTrustee | 2 | $0 |
Cassie Arnaud Treasurer | OfficerTrustee | 2 | $0 |
Kathy Mcgilvray President | OfficerTrustee | 2 | $0 |
Ezra Haber Glen Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Aafcpas Inc Auditing | 12/30/19 | $113,239 |
Polish Triangle Management Llc Real Estate Management Services | 12/30/19 | $167,565 |
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 |
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. | $258,403 |
Compensation of current officers, directors, key employees. | $81,202 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $634,625 |
Pension plan accruals and contributions | $120 |
Other employee benefits | $74,342 |
Payroll taxes | $61,725 |
Fees for services: Management | $38,137 |
Fees for services: Legal | $67,021 |
Fees for services: Accounting | $156,100 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $164,216 |
Advertising and promotion | $0 |
Office expenses | $61,411 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $2,338,608 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,473 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $902,878 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,934,157 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $315,666 |
Savings and temporary cash investments | $25,624 |
Pledges and grants receivable | $253,706 |
Accounts receivable, net | $231,480 |
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 | $110,378 |
Net Land, buildings, and equipment | $46,979,931 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,851,108 |
Total assets | $51,767,893 |
Accounts payable and accrued expenses | $1,073,217 |
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 | $42,605,672 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $10,221,321 |
Total liabilities | $53,900,210 |
Net assets without donor restrictions | -$2,238,805 |
Net assets with donor restrictions | $106,488 |
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 | $51,767,893 |
Over the last fiscal year, we have identified 6 grants that Somerville Community Corporation Inc has recieved totaling $151,430.
Awarding Organization | Amount |
---|---|
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 |
Massachusetts Bankers Association Charitable Foundation Inc Boston, MA PURPOSE: EXEMPT PURPOSE | $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 |
Organization Name | Assets | Revenue |
---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Community Action Agency Of New Haven Inc New Haven, CT | $523,093 | $14,060,753 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |
Cypress Hills Local Development Corporation Inc Brooklyn, NY | $20,394,898 | $16,091,549 |