Neighborworks Soma Realty Inc
- Assets
- $294.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, MA
- Founding
- 02/2017
- Data as of
- 06/2022
- EIN
- 46-2293709
Organization Overview
Neighborworks Soma Realty Inc is located in Quincy, MA. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborworks Soma Realty 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 06/2022, Neighborworks Soma Realty Inc generated $87.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $71.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FACILITATING THE ADVANCEMENT OF LOW AND MODERATE INCOME PERSONS AND OTHER UNDERSERVED RESIDENTS IN THE SOUTH SHORE AREA OF MASSACHUSETTS AND TO ASSIST SUCH PERSONS IN FINDING AND ACQUIRING SUITABLE HOUSING BY PROVIDING REAL ESTATE CONSULTING, TRAINING AND BROKERAGE SERVICES THAT MIGHT OTHERWISE BE UNAVAILABLE TO THEM OR DIFFICULT FOR THEM TO OBTAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beverly Somerville Director | 2 | $0 | |
Robert Corley President And CEO | 2 | $0 | |
Maureen Petersen Treasurer And CFO | 2 | $0 | |
David Kilnapp Clerk | 2 | $0 | |
Steven Borgerson Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $87,298 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $87,298 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $67,491 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $3,873 |
| Other expenses | $0 |
| Total expenses | $71,364 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $294,131 |
| Other assets | $0 |
| Total assets | $294,131 |
| Total liabilities | $0 |
| Net assets or fund balances | $294,131 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Neighborworks Soma Realty Inc has recieved totaling $100.
| Awarding Organization | Amount |
|---|---|
Eastern Bank Charitable Foundation Lynn, MA PURPOSE: EXEMPT PURPOSE | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Pratt Area Community Council Inc Broooklyn, NY | $10,567,531 | $5,512,215 |
Homeowners Rehab Inc Cambridge, MA | $114,049,178 | $6,783,220 |
Neighborhood Housing Services Of New York City Inc New York City, NY | $17,546,984 | $4,808,509 |
Ccba Tai Tung Management Inc Boston, MA | $39,986,974 | $8,662,376 |
Housing And Services Inc New York, NY | $4,445,840 | $3,988,295 |
The Caleb Group Inc Swampscott, MA | $1,718,156 | $4,435,338 |
Utica Neighborhood Housing Service Inc Utica, NY | $4,904,112 | $3,447,727 |