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Nonprofiteer
← SOMERVILLE COMMUNITY CORPORATION INC

Form 990 for tax year 2022

Filed by SOMERVILLE COMMUNITY CORPORATION INC.

Totals

Total revenue
$4,494,144
Total expenses
$5,552,334
Contributions and grants received
$719,844
Grants paid
$0
Program service revenue
$3,705,167
Investment income
-$211,830
Other revenue
$280,963
Total assets, end of year
$52,165,073
Total liabilities, end of year
$55,355,580
Net assets or fund balances, end of year
-$3,190,507
Program services expenses (Part IX)
$5,047,352
Management and general expenses
$386,320
Fundraising expenses
$118,662
Program service expenses (Part III)
$5,047,352

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $35,483

  • 1e · Government grants (contributions)

    $200,892

  • 1f · All other contributions, gifts and grants

    $483,469

  • 2a · Program service revenue: RENTAL INCOME

    total $3,197,254 · related or exempt $3,197,254

  • 2b · Program service revenue: TENANT SERVICES

    total $285,845 · related or exempt $285,845

  • 2c · Program service revenue: DEVELOPER FEES

    total $222,068 · related or exempt $222,068

  • 3 · Investment income

    total $4,574 · excluded $4,574

  • 7a · Gross sales of assets other than inventory

    other assets $965,000

  • 7b · Less cost or other basis and sales expenses

    other assets $1,181,404

  • 7c · Gain or loss

    other assets -$216,404

  • 7d · Net gain or loss

    total -$216,404 · excluded -$216,404

  • 11a · Other revenue: MISCELLANEOUS

    total $280,963 · related or exempt $280,963

  • 11e · Other revenue, total

    $280,963

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $322,382 · program services $182,117 · management and general $102,865 · fundraising $37,400

  • 7 · Other salaries and wages

    total $751,560 · program services $648,865 · management and general $69,957 · fundraising $32,738

  • 8 · Pension plan contributions

    total $1,501 · program services $1,472 · management and general $14 · fundraising $15

  • 9 · Other employee benefits

    total $110,154 · program services $84,186 · management and general $7,831 · fundraising $18,137

  • 10 · Payroll taxes

    total $54,517 · program services $38,418 · management and general $11,208 · fundraising $4,891

  • 11a · Fees: management

    total $42,762 · program services $42,762

  • 11b · Fees: legal

    total $56,448 · program services $28,271 · management and general $28,177

  • 11c · Fees: accounting

    total $78,700 · program services $18,700 · management and general $60,000

  • 11g · Fees: other

    total $367,265 · program services $319,157 · management and general $33,993 · fundraising $14,115

  • 13 · Office expenses

    total $65,810 · program services $45,803 · management and general $17,992 · fundraising $2,015

  • 16 · Occupancy

    total $2,272,601 · program services $2,240,226 · management and general $25,999 · fundraising $6,376

  • 19 · Conferences, conventions and meetings

    total $18,066 · program services $14,038 · management and general $3,209 · fundraising $819

  • 22 · Depreciation, depletion and amortization

    total $916,864 · program services $893,731 · management and general $21,595 · fundraising $1,538

  • 24a · Other expenses: LOSS ON INSURANCE CLAIM

    total $286,546 · program services $286,546

  • 24b · Other expenses: BAD DEBTS

    total $165,537 · program services $165,537

  • 24c · Other expenses: MISCELLANEOUS

    total $41,361 · program services $37,263 · management and general $3,480 · fundraising $618

  • 24d · Other expenses: DEFERRED INTEREST

    total $260 · program services $260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $315,666 · end of year $472,718

  • 2 · Savings and temporary cash investments

    beginning of year $25,624 · end of year $25,667

  • 3 · Pledges and grants receivable

    beginning of year $253,706 · end of year $135,364

  • 4 · Accounts receivable

    beginning of year $231,480 · end of year $300,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,378 · end of year $112,064

  • 10a · Land, buildings and equipment: cost or other basis

    $51,941,715

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,357,005

  • 10c · Land, buildings and equipment, net

    beginning of year $46,979,931 · end of year $46,584,710

  • 15 · Other assets

    beginning of year $3,851,108 · end of year $4,534,094

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,073,217 · end of year $1,048,880

  • 23 · Secured mortgages and notes payable

    beginning of year $42,605,672 · end of year $43,320,009

  • 25 · Other liabilities

    beginning of year $10,221,321 · end of year $10,986,691

  • 27 · Net assets without donor restrictions

    beginning of year -$2,238,805 · end of year -$3,207,675

  • 28 · Net assets with donor restrictions

    beginning of year $106,488 · end of year $17,168

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $3,710,546 · Revenue $3,705,167

  • 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.

    Expenses $706,362 · Revenue $280,963

  • 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

    Expenses $522,252

  • 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

    Expenses $108,192

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • GONZALO PUIGBO

    CEO

    Total calculated
    $164,761
    From this org
    $160,000
    From related orgs
    $0
    Other
    $4,761
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $160,000
    Bonus
    $0
    Other
    $0
    Deferred
    $3,200
    Nontaxable benefits
    $1,561
    Filer's total
    $164,761

  • FRANNIE CHAN

    CONTROLLER

    Total calculated
    $68,656
    From this org
    $66,925
    From related orgs
    $0
    Other
    $1,731
    Hours/week
    37.5

  • MARCIA KITTREDGE

    CONTROLLER (UNTIL 6/2022)

    Total calculated
    $88,965
    From this org
    $83,243
    From related orgs
    $0
    Other
    $5,722
    Hours/week
    37.5

  • SILVANA DINKA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CASSANDRA ARNAUD

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE TOEWS-MOELING

    VICE PRESIDENT (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    2

  • JAVIER BELLINI

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN MCGILVRAY

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • EZRA HABER GLEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHELLE APIGIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NATACHA THEODORE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARJORIE JACQUES THERMIDOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MULUGETA ZEGEYE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NANCY HOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JARELIS FONSECA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARCUS MELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JHENNY SAINT-SURIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • IGNACIO CARDONA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERIKA C JOHNSON ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATHLEEN EVANS

    DIRECTOR (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    2

  • MARIA TERESA RICOY

    DIRECTOR (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    2

  • VALERIE ZINKUS

    DIRECTOR (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WALNUT STREET APARTMENT LLC

    LOW INCOME HOUSING · MA · income $302,822 · assets $1,906,775

    Directly controlled by SOMERVILLE COMMUNITY CORPORATION

  • 109 GILMAN STREET LLC

    LOW INCOME HOUSING · MA · income $178,079 · assets $1,286,473

    Directly controlled by SOMERVILLE COMMUNITY CORPORATION

  • 75 CROSS STREET LLC

    LOW INCOME HOUSING · MA · income $241,264 · assets $2,347,183

    Directly controlled by SOMERVILLE COMMUNITY CORPORATION

  • ST POLYCARP REDEVELOPMENT LLC

    LOW INCOME HOUSING · MA · income $0 · assets $0

    Directly controlled by SOMERVILLE COMMUNITY CORPORATION

  • SOMERVILLE HOMEOWNERSHIP LLC

    LOW INCOME HOUSING · MA · income $0 · assets $0

    Directly controlled by SOMERVILLE COMMUNITY CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202313179349310671

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