2021-11-08T12:57:55-06:00 2020-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2020-01-01 237293380 THE SOMERVILLE COMMUNITY CORPORATION INC SOME 6177765931 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 GONZALO PUIGBO CHIEF EXECUTIVE OFFICER 6177765931 2021-11-08 1 GONZALO PUIGBO XXX-XX-XXXX JUSTIN K LEROUX CPA P01722988 5083669100 2021-11-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z GONZALO PUIGBO 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 3894227 0 X WWW.SOMERVILLECDC.ORG X 1969 MA SOMERVILLE COMMUNITY CORPORATION (SCC) IS DEDICATED TO MAINTAINING DIVERSITY AND PRESERVING AFFORDABILITY IN SOMERVILLE BY BUILDING AND PRESERVING HOUSING, ORGANIZING FOR NECESSARY POLICIES AND FUNDING, AND GIVING RESIDENTS THE FINANCIAL SKILLS THEY NEED TO SURVIVE. 15 15 22 40 0 0 1302497 1043454 1996173 2774400 -112582 6706 67763 69667 3253851 3894227 0 20000 0 0 1385191 1274203 0 0 119221 2904432 3695985 4289623 4990188 -1035772 -1095961 43978841 57620146 44228558 58965824 -249717 -1345678 X SOMERVILLE COMMUNITY CORPORATION (SCC) IS DEDICATED TO MAINTAINING DIVERSITY AND PRESERVING AFFORDABILITY IN SOMERVILLE BY BUILDING AND PRESERVING HOUSING, ORGANIZING FOR NECESSARY POLICIES AND FUNDING, AND GIVING RESIDENTS THE FINANCIAL SKILLS THEY NEED TO SURVIVE. 0 0 3093488 2774400 RENTAL PROGRAMS - FIVE 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; AND THE 8 ONE AND TWO-BEDROOM UNITSAT 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. 554922 20000 69667 HOUSING DEVELOPMENT - FOR A COMMUNITY TO BE SUSTAINABLE, THERE MUST BEHOUSING OPTIONS AVAILABLE TO PEOPLE OF ALL INCOME LEVELS. IN ORDER TOKEEP SOMERVILLE ECONOMICALLY DIVERSE, SCC BUILDS AFFORDABLE RENTALHOUSING, CREATES HOMEOWNERSHIP OPPORTUNITIES, AND DEVELOPS RETAILSPACES. SCC HAS PRODUCED OVER 110 UNITS OF AFFORDABLEHOMEOWNERSHIP, BEGINNING ITS DEVELOPMENT ACTIVITIES BY PURCHASINGDILAPIDATED 1-3 FAMILY HOMES, REHABBING THEM, AND RESELLING THEM TOMODERATE AND LOW-INCOME BUYERS. MORE RECENTLY, SCC DEVELOPED TWOCONDOMINIUM PROJECTS WITH A TOTAL OF 23 UNITS BETWEEN 2001 AND 2006. SCC OWNS 219 AFFORDABLE RENTAL UNITS IN 7 SITES THROUGHOUTSOMERVILLE, INCLUDING THE 84-UNITS SAINT POLYCARP VILLAGE, COMPLETED IN 2014. IN LATE 2016 SCC COMPLETED ITS MOST RECENT LOW INCOME HOUSING TAX CREDIT PROJECT AT 181 WASHINGTON STREET, THE FORMER BOYS AND GIRLS CLUB PROPERTY, DEVELOPING 35 NEW AFFORDABLE RENTAL APARTMENTS AND GROUND LEVEL COMMERCIAL SPACE.IN THE FALL OF 2017 SCC BROKE GROUND ON A NEW 11 UNIT HOME OWNERSHIP DEVELOPMENT - 8 AFFORDABLE AND 3 MARKET RATE CONDOS - AT 163 GLEN STREET, THE SITE OF THE FORMER AMERICAN LEGION POST 388. CONSTRUCTION IS ANTICIPATED TO BE COMPLETED IN SEPTEMBER 2018 WITH ALL 11 UNITS SOLD BY THE END OF 2018.SCC LAUNCHED THE "100 HOMES" PROGRAM IN LATE 2015, IN PARTNERSHIP WITH THE CITY OF SOMERVILLE AND MASS. HOUSING INVESTMENT CORPORATION. THE PROGRAM AIMS TO ACQUIRE AND PRESERVE AS LONG-TERM AFFORDABLE 2- AND 3-FAMILY HOMES OFF THE OPEN MARKET. SCC ACQUIRED ITS FIRST PROPERTY UNDER THIS PROGRAM IN DECEMBER 2015, A TWO-FAMILY AT 52 SYDNEY STREET. THROUGH EARLY 2018 SCC HAD ACQUIRED 45 UNITS OF HOUSING THROUGH THE 110 HOMES PROGRAM. 457312 ECONOMIC OPPORTUNITY - SCC'S ECONOMIC OPPORTUNITY PROGRAMS SEEK TO PROVIDE SOMERVILLE RESIDENTS -RECENT IMMIGRANTS AND US-BORN INDIVIDUALS ALIKE - WITH THE NECESSARY KNOWLEDGE TO NAVIGATE THEIR FINANCIAL LIVES EFFECTIVELY AND SUCCESSFULLY. OUR ASSET BUILDING PROGRAMS INCLUDE:(A)FIRST TIME HOME BUYER CLASSES; (B)FINANCIAL EDUCATION CLASSES AND RELATED INDIVIDUAL FINANCIAL COUNSELING - TOPICS INCLUDE: HOUSEHOLD BUDGETING;SAVING AND BUILDING WEALTH; INTRODUCTION TO BANKING SERVICES; AND CREDIT; AND (C)CAREER DEVELOPMENT AND "FIRST SOURCE" JOB CONNECTIONS BETWEEN LOCAL JOB-SEEKERS AND SOMERVILLE EMPLOYERS. DURING 2018 SCC SERVED APPROXIMATELY 700 RESIDENTS WITH ONE OR MORE OF THESE SERVICES. 202046 COMMUNITY ORGANIZING & PLANNING- SCC WORKS TO EMPOWER SOMERVILLERESIDENTS TO BECOME ACTIVE LEADERS IN THE COMMUNITY. OUR MEMBERSORGANIZE FOR AFFORDABLE HOUSING, LOCAL JOBS, AND GRASSROOTS PLANNING,AND HAVE THE OPPORTUNITY TO DEVELOP LEADERSHIP SKILLS THROUGH OUR ANNUAL LEADERSHIP DEVELOPMENT INSTITUTE. IN RECENT YEARS, SCC'SCOMMUNITY ORGANIZING AND PLANNING WORK HAS RESULTED IN (A) A DOUBLING OF THE HOUSING LINKAGE FEE, ASSESSED ON LARGE-SCALE NEW COMMERCIAL DEVELOPMENT, TO GENERATE MORE FUNDS FOR NEW AFFORDABLE HOUSING; (B) THE ESTABLISHMENT OF A JOBS LINKAGE FEE TO SUPPORT WORKFORCE DEVELOPMENT PROGRAMS CONNECTING LOW INCOME SOMERVILLE RESIDENTS TO NEW JOBS COMING TO SOMERVILLE; (C) THE ESTABLISHMENT OF OUR "FIRST SOURCE" JOBS PROGRAM TO ASSIST WITH JOB READINESS AND PREPARATION; AND (D) CHANGING THE CITY'S INCLUSIONARY HOUSING ZONING ORDINANCE TO INCREASE THE REQUIRED AFFORDABLE HOUSING PERCENTAGE IN NEW HOUSING DEVELOPMENTS FROM 12.5% TO 20% OF THE NEW UNITS. CURRENT CAMPAIGNS INCLUDE AN EFFORT TO GAIN A COMMUNITY BENEFITS AGREEMENT IN CONJUNCTION WITH THE MASTER REDEVELOPMENT OF 12 KEY ACRES OF LAND IN UNION SQUARE, PASSING A CITY ORDINANCE TO GRANT TENANTS IN APARTMENT BUILDINGS THE FIRST RIGHT TO PURCHASE THE BUILDING WHEN IT GOES UP FOR SALE, AND A CITY ORDINANCE THAT WOULD ESTABLISH A REAL ESTATE TRANSFER FEE ON ALL TRANSACTIONS, GENERATING A NEW SOURCE OF FUNDS TO SUPPORT NEW AFFORDABLE HOUSING DEVELOPMENT. 121928 MEDIATION PROGRAM - CREATING UNDERSTANDING AMONG PEOPLE AND PEACEFULLY RESOLVING CONFLICTS CONTINUES TO BE THE MISSION OF THE SOMERVILLE MEDIATION PROGRAM SINCE ITS START IN 1984. MEDIATION STAFF AND TRAINED VOLUNTEERS ACT AS NEUTRAL THIRD PARTIES AND ASSIST OTHERS IN REACHING MUTUALLY SATISFACTORY AGREEMENTS. IN ADDITION TO SOMERVILLE HIGH SCHOOL, WE RECEIVE REFERRALS AND MEDIATE CASES FOR ALL OF THE ELEMENTARY SCHOOLS AND THE ALTERNATIVE SCHOOLS IN SOMERVILLE. OUR PRINCIPAL FOCUS FOR THE LAST 25 YEARS HAS BEEN ON VIOLENCE PREVENTION, AND WORKING WITH YOUNG PEOPLE TO TEACH THEM CONFLICT RESOLUTION SKILLS, RESPECT AND TOLERANCE. TO THIS END, WE ALSO CONDUCT WORKSHOPS IN THE ELEMENTARY SCHOOLS. EACH YEAR WE RECRUIT AND TRAIN 60 NEW STUDENT MEDIATORS DURING A 24-HOUR TRAINING PROGRAM. THESE STUDENTS JOIN OUROTHER MEDIATORS, WHO BRING PEACE AND PREVENT VIOLENCE IN OUR SCHOOLS AND COMMUNITY EACH DAY. OUR PROGRAM MAINTAINS ITS MISSION OF HELPING OTHERS LIVE TOGETHER WITH TOLERANCE AND RESPECT THROUGH THE WORK OF PROFESSIONAL, DEDICATED STAFF AND VOLUNTEERS. 323974 4429696 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 24 0 1 22 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MARCIA KITTREDGE 6174109912 337 SOMERVILLE AVE SOMERVILLE MA 02143 KATHY MCGILVRAY PRESIDENT 2.00 X X 0 0 0 STEPHANIE TOEWS-MOELING VICE-PRESIDENT 2.00 X X 0 0 0 CASSIE ARNAUD TREASURER 2.00 X X 0 0 0 VALERIE ZINKUS CLERK 2.00 X X 0 0 0 EZRA HABER GLEN DIRECTOR 2.00 X 0 0 0 MICHELLE APIGIAN DIRECTOR 2.00 X 0 0 0 SILVANA DINKA DIRECTOR 2.00 X 0 0 0 KATHLEEN EVANS DIRECTOR 2.00 X 0 0 0 LAURIE GOLDMAN DIRECTOR 2.00 X 0 0 0 VAN HARDY DIRECTOR 2.00 X 0 0 0 MARIA TERESA RICOY DIRECTOR 2.00 X 0 0 0 NATACHA THEODORE DIRECTOR 2.00 X 0 0 0 MARJORIE JACQUES THERMIDOR DIRECTOR 2.00 X 0 0 0 ROSE WHITE DIRECTOR 2.00 X 0 0 0 MULUGETA ZEGEYE DIRECTOR 2.00 X 0 0 0 DANIEL LEBLANC FORMER CEO 37.50 X 61238 0 8209 MARCIA KITTREDGE CONTROLLER 37.50 X 46927 0 4474 GONZALO PUIGBO CEO 37.50 X 84308 0 780 192473 0 13463 0 0 0 0 THREE-KAY CONSULTING LLC 74 SHERRICK AVE HOLBROOK MA 02343 ACCOUNTING 155950 2 369832 673622 1043454 RENTAL INCOME 900099 2531928 2531928 TENANT SERVICES 900099 242472 242472 2774400 6706 6706 MISCELLANEOUS 900099 54287 54287 INCENTIVE MGMT FEES 900099 15380 15380 69667 3894227 2844067 0 6706 20000 20000 205936 118422 56608 30906 823649 754108 28964 40577 1771 1279 363 129 168589 146731 10123 11735 74258 61211 7871 5176 35744 35744 13377 12777 600 88620 13820 74800 397904 243302 144191 10411 69041 44996 21303 2742 2108128 2052842 50591 4695 2359 1480 879 812778 790486 21126 1166 MISCELLANEOUS 146707 111171 23852 11684 BAD DEBTS 51067 51067 DEFERRED INTEREST 260 260 CAPITALIZED COST -30000 -30000 4990188 4429696 441271 119221 513723 744618 7359 45578 23830 155812 371894 123019 166500 166500 59821 106575 48046577 3712709 33414040 44333868 9421674 11944176 43978841 57620146 1230889 730545 35000 42962669 57962028 273251 44228558 58965824 X -289717 -1435678 40000 90000 -249717 -1345678 43978841 57620146 -1095961 0 X X 0 1 X 1 1 1 X 1328933 912598 1544410 1302497 1043454 6131892 1328933 912598 1544410 1302497 1043454 6131892 214780 5917112 44194 27680 1575 5972 6706 86127 6218019 9332034 0.95160 0.94110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15092699 15092699 32929753 3712709 29217044 24125 24125 44333868 PROJECTS UNDER DEVELOPMENT 10782163 DUE FROM RELATED PARTIES 195636 RESTRICTED CASH 958377 DEPOSITS 8000 11944176 X PART X, LINE 2: THE CORPORATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2020. 1 GENERAL SUPPORT GRANT 1 20000 FORM 990, PART VI, SECTION A, LINE 6 SCC'S MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS AND VOTE FOR THE OFFICERS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A SCC HAS MEMBERS WHO MAY ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO SCC'S BYLAWS ARE MADE BY THE BOARD OF DIRECTORS AND SUBJECT TO THE APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVES ELECTRONIC AND HARD COPIES OF THE FORM 990, AND IS GIVEN THE OPPORTUNITY TO RAISE QUESTIONS AND SEEK CLARIFICATION IN ADVANCE OF THE FINAL BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ALL SENIOR MANAGERS AND BOARD MEMBERS ARE REQUIRED TO SIGN AND DISCLOSE ANY CONFICT OF INTEREST ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE SCC EXECUTIVE COMMITTEE, LED BY THE BOARD VICE PRESIDENT, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S PERFORMANCE, INCLUDING AN ASSESSMENT OF SALARY AND CONSIDERATION FOR ADDITIONAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C: THERE HAVE BEEN NO PROCEDURAL CHANGES IN HOW THE FINANCE COMMITTEE SELECTS ITS INDEPENDENT ACCOUNTANTS. WALNUT STREET APARTMENT LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 237293380 LOW INCOME HOUSING MA 294870 2081823 N/A 109 GILMAN STREET LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 237293380 LOW INCOME HOUSING MA 130773 1315710 N/A 75 CROSS STREET LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 273400323 LOW INCOME HOUSING MA 171378 2309304 N/A ST POLYCARP REDEVELOPMENT LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 237293380 LOW INCOME HOUSING MA 0 0 N/A SOMERVILLE HOMEOWNERSHIP LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 237293380 LOW INCOME HOUSING MA 0 0 N/A LINDEN STREET LIMITED PARTNERSHIP 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 043583069 LOW INCOME HOUSING MA LINDEN STREET DEVELOPMENT INC N/A -358043 3576570 0 0 0.99990 33 BOW STREET LIMITED PARTNERSHIP 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 043262929 LOW INCOME HOUSING MA 33 BOW STREET INC N/A -265941 261840 0 0 0.99000 SAINT POLYCARP APARTMENTS LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 010905042 LOW INCOME HOUSING MA 0 0 SAINT POLYCARP APARTMENTS 2 LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 273443525 LOW INCOME HOUSING MA 0 0 SAINT POLYCARPS APARTMENTS 3 LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 383886850 LOW INCOME HOUSING MA 0 0 GLEN CONDOS LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 821088881 LOW INCOME HOUSING MA N/A N/A 2887097 0 0 0.51000 UNION SQUARE APARTMENTS LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 472740758 LOW INCOME HOUSING MA 0 0 SAINT POLYCARP APARTMENTS MM LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 260743997 LOW INCOME HOUSING MA N/A C -1249 79 0.79000 1 LINDEN STREET DEVELOPMENT INC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 043582563 LOW INCOME HOUSING MA N/A C -1561 789757 0.79000 1 33 BOW STREET INC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 043262934 LOW INCOME HOUSING MA N/A C -1482 0.75000 1 SAINT POLYCARP APARTMENTS 2 MM LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 273443018 LOW INCOME HOUSING MA N/A C -1249 79 0.79000 1 SAINT POLYCARP APARTMENTS 3 MM LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 460972242 LOW INCOME HOUSING MA N/A C -1581 100 1.00000 1 UNION SQUARE APARTMENTS MM LLC 337 SOMERVILLE AVE 2ND FLOOR SOMERVILLE MA 02143 422721097 LOW INCOME HOUSING MA N/A C -1581 1.00000 1 1 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 1 0 0 33 BOW STREET LIMITED PARTNERSHIP D 1079748 FAIR MARKET VALUE GLEN CONDOS LLC D 73097 FAIR MARKET VALUE