SOMERVILLE COMMUNITY CORPORATION INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- SOMERVILLE COMMUNITY CORPORATION INC (EIN 23-7293380)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-06
- IRS object ID
- 202523109349303862
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-06T14:53:49-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AAFCPAS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237293380 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE SOMERVILLE COMMUNITY CORPORATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | SOME | BusinessNameControlTxt |
| Phone | 6177765931 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 SOMERVILLE AVENUE 2ND FLOOR | AddressLine1Txt |
| City | SOMERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02143 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | GONZALO PUIGBO | PersonNm |
| Person Title | CHIEF EXECUTIVE OFFICER | PersonTitleTxt |
| Phone | 6177765931 | PhoneNum |
| Signature | 2025-11-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATTHEW TROIANO CPA | PreparerPersonNm |
| PTIN | P01263939 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2025-11-06 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | GONZALO PUIGBO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 SOMERVILLE AVENUE 2ND FLOOR | AddressLine1Txt |
| City | SOMERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02143 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,347,603 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.SOMERVILLECDC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or 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.BUILDING ON OUR FIFTY YEARS OF HISTORY, TODAY WE ENVISION A SOMERVILLE WHERE FAMILIES AND INDIVIDUALS FROM MANY DIVERSE BACKGROUNDS AND CULTURES ENJOY EQUITABLE ACCESS TO SECURE HOUSING, JOBS, ECONOMIC STABILITY, AND OPPORTUNITIES FOR LEADERSHIP AND ACTIVE ENGAGEMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 38 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $979,089 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,235,774 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $3,578,865 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $3,869,829 | CYProgramServiceRevenueAmt |
| PY Investment Income | $19,617 | PYInvestmentIncomeAmt |
| CY Investment Income | $205,021 | CYInvestmentIncomeAmt |
| PY Other Revenue | $82,387 | PYOtherRevenueAmt |
| CY Other Revenue | $503,618 | CYOtherRevenueAmt |
| PY Total Revenue | $4,659,958 | PYTotalRevenueAmt |
| CY Total Revenue | $5,814,242 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,143,927 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,101,874 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $191,945 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,377,224 | PYOtherExpensesAmt |
| CY Other Expenses | $4,633,987 | CYOtherExpensesAmt |
| PY Total Expenses | $5,521,151 | PYTotalExpensesAmt |
| CY Total Expenses | $5,735,861 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$861,193 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $78,381 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $53,175,984 | TotalAssetsBOYAmt |
| Total Assets EOY | $54,030,157 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $57,227,684 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $57,964,548 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$4,051,700 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$3,934,391 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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.BUILDING ON OUR FIFTY YEARS OF HISTORY, TODAY WE ENVISION A SOMERVILLE WHERE FAMILIES AND INDIVIDUALS FROM MANY DIVERSE BACKGROUNDS AND CULTURES ENJOY EQUITABLE ACCESS TO SECURE HOUSING, JOBS, ECONOMIC STABILITY, AND OPPORTUNITIES FOR LEADERSHIP AND ACTIVE ENGAGEMENT. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,863,566 | ExpenseAmt |
| Revenue | $3,460,322 | RevenueAmt |
| Desc | RENTAL PROGRAMS - SIX OF SCC'S RENTAL HOUSING DEVELOPMENTS ARE OWNED DIRECTLY BY SCC: THE 12 ONE AND TWO-BEDROOM UNITS AT 110 WALNUT STREET; THE 6 THREE-BEDROOOM UNITS AT 190 GILMAN STREET; THE 18 TWO, THREE AND FOUR BEDROOM UNITS AT 33 BOW STREET; THE 14 SINGLE ROOM OCCUPANCY 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $307,656 | ExpenseAmt |
| Revenue | $924,883 | RevenueAmt |
| Desc | AFFORDABLE HOUSING REAL ESTATE DEVELOPMENTSCC OWNS AND OPERATES OVER 340 UNITS OF RENTAL HOUSING AND MORE THAN 9,000 SQUARE FEET OF COMMERCIAL SPACE COMPRISING FOUR COMMERCIAL UNITS, WHICH ARE LEASED TO A HEALTHCARE CLINIC, DENTIST, DAYCARE CENTER AND VARIETY STORE.THE 340 UNITS WERE DEVELOPED WITH LOW INCOME HOUSING TAX CREDIT EQUITY AND VARIOUS COMBINATIONS OF AFFORDABLE HOUSING FINANCING FROM THE COMMONWEALTH OF MASSACHUSETTS, THE CITY OF SOMERVILLE'S AFFORDABLE HOUSING TRUST AND COMMUNITY PRESERVATION ACT FUNDS AND FEDERAL RESOURCES SUCH AS MCKINNEY-VENTO HOMELESS ACT, AND HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS.IN MAY 2023 SOMERVILLE COMMUNITY CORPORATION WITH ITS PARTNER POAH HAD A GROUNDBREAKING TO PRESERVE 80 UNITS AND BUILDING 80 NEW AFFORDABLE HOUSING UNITS. WE ALSO STARTED THE PRE-DEVELOPMENT PROCESS TO PRESERVE 61 UNITS AT BOW STREET AND LINDEN STREET APARTMENTS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $928,749 | ExpenseAmt |
| Desc | ECONOMIC OPPORTUNITYSCC'S FINANCIAL LITERACY, ASSET BUILDING, AND FIRST SOURCE CAREER COUNSELING HELP PEOPLE FIND GOOD JOBS, BUILD WEALTH, AND FIND FINANCIAL STABILITY. WE ALSO OFFER TRAINING IN DIGITAL LITERACY AND COMPUTER BASICS.THE FIRST SOURCE JOBS PROGRAM HELPS LOCAL JOB SEEKERS GAIN THE SKILLS THEY NEED TO ESTABLISH A CAREER PATHWAY RESULTING IN GOOD JOBS, CAREER GROWTH, AND ECONOMIC RESILIENCY. WE OFFER 1:1 CAREER COACHING, JOB READINESS TRAINING, ESL, AND COMPUTER LITERACY SUPPORT.OUR FINANCIAL LITERACY CLASSES HELP PEOPLE BETTER UNDERSTAND DEBT, BANKING, CREDIT, AND HOW TO SAVE. OUR POPULAR FIRST-TIME BUYER CLASSES HELP PEOPLE BETTER UNDERSTAND THE OFTEN-INTIMIDATING PROCESS OF SAVING FOR AND PURCHASING A HOME, AS WELL AS HOW TO ACCESS PROGRAMS THAT CAN MAKE DOING SO MORE ACCESSIBLE.IN 2023, WE SERVED:WORKFORCE DEVELOPMENT: 293JOB PLACEMENTS: 63FINANCIAL COACHING: 29HOMEBUYER GRADUATES: 237 | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,386 | ExpenseAmt |
| Desc | 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 | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $9,386 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $5,109,357 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 35 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GONZALO PUIGBO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6174109912 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 337 SOMERVILLE AVE | AddressLine1Txt |
| City | SOMERVILLE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02143 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (19 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| IGNACIO CARDONA | |||||||
| PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JHENNY SAINT-SURIN | |||||||
| VICE PRESIDENT | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JAVIER BELLINI | |||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| HOLLY FOX | |||||||
| CLERK (AS OF 4/2024) | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| CASSANDRA ARNAUD | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHELLE APIGIAN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NATACHA THEODORE | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARJORIE JACQUES THERMIDOR | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JARELIS FONSECA | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MARCUS MELLO | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SILVANA DINKA | |||||||
| DIRECTOR (UNTIL 7/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NANCY HOGAN | |||||||
| DIRECTOR (UNTIL 7/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| EZRA HABER GLEN | |||||||
| DIRECTOR (UNTIL 3/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| MULUGETA ZEGEYE | |||||||
| DIRECTOR (UNTIL 3/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ERIKA C JOHNSON ESQ | |||||||
| DIRECTOR (UNTIL 3/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KATE KICHTER | |||||||
| DIRECTOR (UNTIL 3/2024) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| GONZALO PUIGBO | |||||||
| CEO | 36.00 | Yes (X) | $163,625 | $0 | $4,183 | ||
| LAURIE CALVERT | |||||||
| DIRECTOR OF FINANCE & ADMINISTRATION | 36.00 | Yes (X) | $128,523 | $0 | $21,841 | ||
| LAUREL RENEE TAYLOR | |||||||
| DIRECTOR OF COMMUNITY PROGRAMS | 36.00 | $122,610 | $0 | $9,480 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $414,758 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $35,504 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| JOY STREET DESIGN | |||||
| 121 E BERKELEY STREET FLOOR 3 | BOSTON | MA | 02118 | ARCHITECT | $366,672 |
| PEREGRINE URBAN INITIATIVE | |||||
| 47 DRAPER AVENUE | ARLINGTON | MA | 02474 | REAL ESTATE DEVELOPMENT - PROJECT MANAGE | $161,166 |
| DAVIS SQUARE ARCHITECTS | |||||
| 240 ELM STREET | SOMERVILLE | MA | 02144 | ARCHITECT | $133,587 |
| TIERNEY DEVELOPMENT SERVICES | |||||
| 17 LAKEVIEW AVENUE | NATICK | MA | 01760 | REAL ESTATE PROJECT MANAGEMENT/OPM | $117,361 |
| DIANE WONG | |||||
| 497 SOMERVILLE AVE 3 | SOMERVILLE | MA | 02143 | CONSULTANT | $104,300 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $17,976 | FundraisingAmt |
| Government Grants | $746,100 | GovernmentGrantsAmt |
| All Other Contributions | $471,698 | AllOtherContributionsAmt |
| Total Contributions | $1,235,774 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RENTAL INCOME | 532000 | $3,460,322 | $3,460,322 |
| PROGRAM SERVICE AND MA | 532000 | $279,968 | $279,968 |
| DEVELOPER FEES | 532000 | $129,539 | $129,539 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $3,869,829 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,983 | TotalRevenueColumnAmt |
| Exclusion | $17,983 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $708,641 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $521,603 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $187,038 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $187,038 | TotalRevenueColumnAmt |
| Exclusion | $187,038 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $17,976 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $11,758 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,758 | TotalRevenueColumnAmt |
| Exclusion | -$11,758 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| INSURANCE PROCEEDS | 900099 | $251,326 | $251,326 |
| RECOVERY OF DUE FROM R | 900099 | $195,000 | $195,000 |
| MISCELLANEOUS | 900099 | $69,050 | $69,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $515,376 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,814,242 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,385,205 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $193,263 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $318,172 | TotalAmt |
| Program Services | $175,866 | ProgramServicesAmt |
| Management And General | $108,744 | ManagementAndGeneralAmt |
| Fundraising | $33,562 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $624,964 | TotalAmt |
| Program Services | $514,181 | ProgramServicesAmt |
| Management And General | $21,753 | ManagementAndGeneralAmt |
| Fundraising | $89,030 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75,330 | TotalAmt |
| Program Services | $45,903 | ProgramServicesAmt |
| Management And General | $3,671 | ManagementAndGeneralAmt |
| Fundraising | $25,756 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $83,408 | TotalAmt |
| Program Services | $63,050 | ProgramServicesAmt |
| Management And General | $9,651 | ManagementAndGeneralAmt |
| Fundraising | $10,707 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,141 | TotalAmt |
| Program Services | $166,141 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $66,442 | TotalAmt |
| Program Services | $63,554 | ProgramServicesAmt |
| Management And General | $2,888 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $136,100 | TotalAmt |
| Program Services | $54,750 | ProgramServicesAmt |
| Management And General | $81,350 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $789,938 | TotalAmt |
| Program Services | $766,053 | ProgramServicesAmt |
| Management And General | $22,234 | ManagementAndGeneralAmt |
| Fundraising | $1,651 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $133,328 | TotalAmt |
| Program Services | $94,532 | ProgramServicesAmt |
| Management And General | $33,002 | ManagementAndGeneralAmt |
| Fundraising | $5,794 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,192,647 | TotalAmt |
| Program Services | $2,132,183 | ProgramServicesAmt |
| Management And General | $49,289 | ManagementAndGeneralAmt |
| Fundraising | $11,175 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,009 | TotalAmt |
| Program Services | $26,225 | ProgramServicesAmt |
| Management And General | $38,796 | ManagementAndGeneralAmt |
| Fundraising | $7,988 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $868,107 | TotalAmt |
| Program Services | $845,468 | ProgramServicesAmt |
| Management And General | $21,224 | ManagementAndGeneralAmt |
| Fundraising | $1,415 | FundraisingAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| MISCELLANEOUS | $151,626 | $104,802 | $41,957 | $4,867 |
| BAD DEBTS | $106,649 | $106,649 | ||
| LESS: CAPITALIZED COSTS | -$50,000 | -$50,000 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,735,861 | TotalAmt |
| Program Services | $5,109,357 | ProgramServicesAmt |
| Management And General | $434,559 | ManagementAndGeneralAmt |
| Fundraising | $191,945 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $557,928 | BOYAmt |
| EOY | $1,040,386 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,667 | BOYAmt |
| EOY | $25,667 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,933 | BOYAmt |
| EOY | $170,063 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $597,604 | BOYAmt |
| EOY | $448,128 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,757 | BOYAmt |
| EOY | $86,841 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $52,819,053 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $7,087,683 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,461,721 | BOYAmt |
| EOY | $45,731,370 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,326,374 | BOYAmt |
| EOY | $6,527,702 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,175,984 | BOYAmt |
| EOY | $54,030,157 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,160,507 | BOYAmt |
| EOY | $1,816,799 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $44,001,590 | BOYAmt |
| EOY | $45,263,494 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,065,587 | BOYAmt |
| EOY | $10,884,255 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,227,684 | BOYAmt |
| EOY | $57,964,548 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$4,069,206 | BOYAmt |
| EOY | -$4,001,897 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,506 | BOYAmt |
| EOY | $67,506 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$4,051,700 | BOYAmt |
| EOY | -$3,934,391 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $53,175,984 | BOYAmt |
| EOY | $54,030,157 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $78,381 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $38,928 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,043,454 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,463,185 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $719,844 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $979,089 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,235,774 | CurrentTaxYearAmt |
| Total | $5,441,346 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,043,454 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,463,185 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $719,844 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $979,089 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,235,774 | CurrentTaxYearAmt |
| Total | $5,441,346 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $68,640 | SubstantialContributorsTotAmt |
| Public Support Total170 | $5,372,706 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $6,706 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,757 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,574 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,617 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $17,983 | CurrentTaxYearAmt |
| Total | $51,637 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $5,492,983 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $17,868,903 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97810 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97000 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $16,572,071 | OtherCostOrOtherBasisAmt |
| Book Value | $16,572,071 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,062,501 | OtherCostOrOtherBasisAmt |
| Depreciation | $7,087,683 | DepreciationAmt |
| Book Value | $28,974,818 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $184,481 | OtherCostOrOtherBasisAmt |
| Book Value | $184,481 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $45,731,370 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| PROJECTS UNDER DEVELOPMENT | $4,956,387 |
| DUE FROM RELATED PARTIES | $163,036 |
| RESTRICTED CASH | $876,757 |
| RIGHT-OF-USE OPERATING LEASE ASSETS | $531,522 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $6,527,702 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| CONDITIONAL GRANT ADVANCE | $10,221,321 |
| LEASE LIABILITY | $547,713 |
| DUE TO RELATED PARTIES | $115,221 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $10,884,255 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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, 2024. | ExplanationTxt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | 2024 ANNUAL MEMBER EVENT | Event1Nm |
| Gross Receipts Event1 | $17,976 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $17,976 | CharitableContriEvent1Amt |
| Rent Facility Costs Event1 | $3,155 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $2,778 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $1,475 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $4,350 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $17,976 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $17,976 | CharitableContributionsTotAmt |
| Rent Fclty Costs Total Events | $3,155 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $2,778 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $1,475 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $4,350 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $11,758 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$11,758 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GONZALO PUIGBO | ||||||||||||||
| CEO | $163,625 | $0 | $0 | $0 | $0 | $0 | $3,273 | $0 | $910 | $0 | $167,808 | $0 | $0 | $0 |
| LAURIE CALVERT | ||||||||||||||
| DIRECTOR OF FINANCE & ADMINISTRATION | $128,523 | $0 | $0 | $0 | $0 | $0 | $2,264 | $0 | $19,577 | $0 | $150,364 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 IX, LINE 11G | OTHER: PROGRAM SERVICE EXPENSES 766,053. MANAGEMENT AND GENERAL EXPENSES 22,234. FUNDRAISING EXPENSES 1,651. TOTAL EXPENSES 789,938. |
| FORM 990, PART XI, LINE 9: | FORGIVENESS OF DEBT 38,928. |
| FORM 990, PART XII, LINE 2C: | THERE HAVE BEEN NO PROCEDURAL CHANGES IN HOW THE FINANCE COMMITTEE SELECTS ITS INDEPENDENT ACCOUNTANT. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| WALNUT STREET APARTMENT LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 237293380 | LOW INCOME HOUSING | MA | $340,803 | $1,911,588 | SOMERVILLE COMMUNITY CORPORATION |
| 109 GILMAN STREET LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 237293380 | LOW INCOME HOUSING | MA | $222,160 | $1,339,261 | SOMERVILLE COMMUNITY CORPORATION |
| 75 CROSS STREET LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 273400323 | LOW INCOME HOUSING | MA | $258,729 | $2,369,466 | SOMERVILLE COMMUNITY CORPORATION |
| ST POLYCARP REDEVELOPMENT LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 237293380 | LOW INCOME HOUSING | MA | $0 | $0 | SOMERVILLE COMMUNITY CORPORATION |
| SOMERVILLE HOMEOWNERSHIP LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 237293380 | LOW INCOME HOUSING | MA | $0 | $0 | SOMERVILLE COMMUNITY CORPORATION |
| BOW LINDEN LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 931632354 | LOW INCOME HOUSING | MA | $0 | $0 | SOMERVILLE COMMUNITY CORPORATION |
| BOW LINDEN MM LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 931654732 | LOW INCOME HOUSING | MA | $0 | $0 | SOMERVILLE COMMUNITY CORPORATION |
| LINDEN LIMITED PARTNER LLC | |||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 995083163 | LOW INCOME HOUSING | MA | $0 | $0 | SOMERVILLE COMMUNITY CORPORATION |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (8 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Direct Controlling NADirectControllingNACd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LINDEN STREET LIMITED PARTNERSHIP | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 043583069 | LOW INCOME HOUSING | MA | LINDEN STREET DEVELOPMENT INC | N/A | $1,379,258 | $6,335,673 | 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 | -$274,669 | $884,629 | 0 | 0 | 0.99000 | |
| SAINT POLYCARP APARTMENTS LLC | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 010905042 | LOW INCOME HOUSING | MA | 0 | 0 | N/A | |||||
| SAINT POLYCARP APARTMENTS 2 LLC | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 273443525 | LOW INCOME HOUSING | MA | 0 | 0 | N/A | |||||
| SAINT POLYCARPS APARTMENTS 3 LLC | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 383886850 | LOW INCOME HOUSING | MA | 0 | 0 | N/A | |||||
| GLEN CONDOS LLC | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 821088881 | LOW INCOME HOUSING | MA | N/A | -$88,177 | $352,898 | 0 | 0 | 0.51000 | N/A | |
| UNION SQUARE APARTMENTS LLC | ||||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 472740758 | LOW INCOME HOUSING | MA | 0 | 0 | N/A | |||||
| SALEM SCHOOL OWNER LLC | ||||||||||||||
| C/O NORTH SHORE CDC 96 LAFAYETTE ST | SALEM | MA | 01970 | 990777619 | LOW INCOME HOUSING | MA | SALEM SCHOOL OWNER MM LLC | N/A | 0 | 0 | 0.99990 | |||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SAINT POLYCARP APARTMENTS MM LLC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 260743997 | LOW INCOME HOUSING | MA | N/A | C | -$1,262 | $79 | 0.79000 | Yes (1) |
| LINDEN STREET DEVELOPMENT INC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 043582563 | LOW INCOME HOUSING | MA | N/A | C | -$1,068 | $79 | 0.79000 | Yes (1) |
| 33 BOW STREET INC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 043262934 | LOW INCOME HOUSING | MA | N/A | C | -$3,173 | 0.75000 | Yes (1) | |
| SAINT POLYCARP APARTMENTS 2 MM LLC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 273443018 | LOW INCOME HOUSING | MA | N/A | C | -$1,256 | $79 | 0.79000 | Yes (1) |
| SAINT POLYCARP APARTMENTS 3 MM LLC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 460972242 | LOW INCOME HOUSING | MA | N/A | C | -$1,601 | $100 | 1.00000 | Yes (1) |
| UNION SQUARE APARTMENTS MM LLC | ||||||||||||
| 337 SOMERVILLE AVE 2ND FLOOR | SOMERVILLE | MA | 02143 | 422721097 | LOW INCOME HOUSING | MA | N/A | C | -$1,611 | 1.00000 | Yes (1) | |
| SALEM SCHOOL OWNER MM LLC | ||||||||||||
| C/O NORTH SHORE CDC 96 LAFAYETTE ST | SALEM | MA | 01970 | 934015165 | LOW INCOME HOUSING | MA | N/A | C | 0.50000 | 0 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | Yes (1) | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | Yes (1) | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | Yes (1) | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | 33 BOW STREET LIMITED PARTNERSHIP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | D | TransactionTypeTxt |
| Involved | $1,477,643 | InvolvedAmt |
| Method Of Amount Determination | FAIR MARKET VALUE | MethodOfAmountDeterminationTxt |