2016-08-08T14:10:58-05:00 2015-12-31 043938464 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2015-01-01 237293380 THE SOMERVILLE COMMUNITY CORPORATION INC SOME 6177765931 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 DANIEL LEBLANC CHIEF EXECUTIVE OFFICER 6177765931 2016-08-08 1 MATTHEW TROIANO CPA P01263939 5083669100 2016-08-02 2015 2016-12-15 16:53:06Z DANIEL LEBLANC 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 2451808 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. 18 18 19 350 0 0 878146 1348310 1445545 1096006 132 319 108524 7173 2432347 2451808 0 0 0 0 1145558 1158102 0 0 113040 1204254 1524667 2349812 2682769 82535 -230961 11440460 9367048 9976121 8133670 1464339 1233378 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 628559 597240 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 126 UNITS OWNED THROUGH LLCS, ARE MANAGED BY WINNRESIDENTIAL, UNDER CONTRACT WITH SCC. 845672 443290 HOUSING DEVELOPMENT - FOR A COMMUNITY TO BE SUSTAINABLE, THERE MUST BE HOUSING OPTIONS AVAILABLE TO PEOPLE OF ALL INCOME LEVELS. IN ORDER TO KEEP SOMERVILLE ECONOMICALLY DIVERSE, SCC BUILDS AFFORDABLE RENTAL HOUSING, CREATES HOMEOWNERSHIP OPPORTUNITIES, AND DEVELOPS RETAIL SPACES. SCC OWNS 184 AFFORDABLE RENTAL UNITS IN 7 SITES THROUGHOUT SOMERVILLE. SCC HAS PRODUCED OVER 100 UNITS OF AFFORDABLE HOMEOWNERSHIP, BEGINNING ITS DEVELOPMENT ACTIVITIES BY PURCHASING DILAPIDATED 1-3 FAMILY HOMES, REHABBING THEM, AND RESELLING THEM TO MODERATE AND LOW-INCOME BUYERS. MORE RECENTLY, SCC DEVELOPED TWO CONDOMINIUM PROJECTS WITH A TOTAL OF 23 UNITS BETWEEN 2001 AND 2006. IN EARLY 2014, SCC COMPLETED THE THIRD, AND FINAL PHASE OF NEW DEVELOPMENT AT ST. POLYCARP VILLAGE: 24-UNITS OF AFFORDABLE RENTAL HOUSING AND 3 COMMERCIAL SPACES ON THE GROUND LEVEL; PHASE 2, COMPLETED IN EARLY 2012, PROVIDES AN ADDITIONAL 29 UNITS OF AFFORDABLE RENTAL HOUSING WITH A COMMUNITY ROOM, OPEN SPACE AND A PLAYGROUND; AND PHASE 3 CONSISTS OF AN ADDITIONAL 31 UNITS OF AFFORDABLE RENTAL HOUSING, BRINGING THE TOTAL OF NEW RENTAL HOUSING AT THE ENTIRE ST. POLYCARP VILLAGE TO 84 UNITS. SCC BROKE GROUND IN OCTOBER 2015 ON 181 WASHINGTON STREET, THE FORMER BOYS AND GIRLS CLUB PROPERTY, DEVELOPING 35 NEW AFFORDABLE RENTAL APARTMENTS AND GROUND LEVEL COMMERCIAL SPACE. THE DEVELOPMENT WILL BE COMPLETE AND FULLY OCCUPIED BY THE END OF 2016. SCC ALSO RECEIVED FULL SUBSIDY FUNDING IN SEPTEMBER 2015 TO DEVELOP 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. SCC WILL BREAK GROUND IN FALL 2016 ON THIS DEVELOPMENT.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. 282333 COMMUNITY ORGANIZING & PLANNING - SCC WORKS TO EMPOWER SOMERVILLE RESIDENTS TO BECOME ACTIVE LEADERS IN THE COMMUNITY. OUR MEMBERS ORGANIZE 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'S COMMUNITY ORGANIZING AND PLANNING WORK HAS RESULTED IN(A) AN INCREASE IN THE HOUSING LINKAGE FEE FOR NEW COMMERCIAL DEVELOPMENT; (B) PASSAGE OF THE COMMUNITY PRESERVATION ACT IN SOMERVILLE; (C) THE CREATION OF A FIRST SOURCE JOBS PROGRAM IN SOMERVILLE; AND (D) A PATH BREAKING MEMORANDUM OF UNDERSTANDING AMONG THE MBTA, MUNICIPALITIES, AND OTHER PARTNERS TO SECURE JOBS FOR LOCAL RESIDENTS IN THE CONSTRUCTION AND OPERATION OF THE MBTA'S GREEN LINE EXTENSION.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, AND A CITY ORDINANCE, FILED IN OCTOBER 2015, TO INCREASE THE CITY'S INCLUSIONARY ZONING REQUIREMENTS FROM 12.5% AFFORDABLE TO 20% AFFORDABLE UNITS. 347545 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 OUR OTHER 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. 285883 62649 ASSET BUILDING - SCC'S ASSET BUILDING 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; (C)INDIVIDUAL DEVELOPMENT ACCOUNT MATCHED SAVINGS PROGRAMS; (D) FORECLOSURE PREVENTION, IN PARTNERSHIP WITH CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES; (E) CAREER DEVELOPMENT AND "FIRST SOURCE" JOB CONNECTIONS BETWEEN LOCAL JOB-SEEKERS AND SOMERVILLE EMPLOYERS.DURING 2015 SCC SERVED OVER 400 RESIDENTS WITH FIRST TIME HOME BUYER AND FINANCIAL EDUCATION SERVICES. IN ADDITION, BEGINNING MID-2014 THROUGH THE END OF 2015, SCC SERVED 250 RESIDENTS THROUGH OUR FIRST SOURCE JOBS PROGRAM, PLACING 118 INTO JOBS. 633428 62649 2389992 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 13 0 19 1 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X MARY ANN SCLAFANI 6177765931 337 SOMERVILLE AVE SOMERVILLE MA 02143 JANINE LOTTI DIRECTOR 2.00 X 0 0 0 GLENN MORGAN TREASURER 2.00 X X 0 0 0 FRED BERMAN DIRECTOR 2.00 X 0 0 0 BEATRICE KWAA DIRECTOR 2.00 X 0 0 0 JEANNETTE AMAZEEN-THOMAS DIRECTOR 2.00 X 0 0 0 MARY JO CONNELLY DIRECTOR 2.00 X 0 0 0 EZRA HABER GLENN DIRECTOR 2.00 X 0 0 0 CASSIE ARNAUD DIRECTOR 2.00 X 0 0 0 DIANE MACHADO DIRECTOR 2.00 X 0 0 0 ADAM RICH DIRECTOR 2.00 X 0 0 0 STEPHANIE TOEWS-MOELING PRESIDENT 2.00 X X 0 0 0 MULUGETA ZEGEYE DIRECTOR 2.00 X 0 0 0 VAN HARDY VICE PRESIDENT 2.00 X X 0 0 0 JILLIAN MOREIRA CLERK 2.00 X X 0 0 0 JOHN CATER DIRECTOR 2.00 X 0 0 0 MICHELLE GREEN DIRECTOR 2.00 X 0 0 0 KATHY MCGILVRAY DIRECTOR 2.00 X 0 0 0 VALERIE ZINKUS DIRECTOR 2.00 X 0 0 0 DANIEL LEBLANC CEO 37.50 X 110246 0 5198 ALICE COMACK DIRECTOR OF MEDIATION 37.50 X 107125 0 5008 217371 0 10206 2 0 0 0 0 671210 677100 1348310 RENTAL INCOME 900099 724671 724671 DEVELOPER FEES 900099 232499 232499 MANAGEMENT FEES 900099 76187 76187 TENANT SERVICES 900099 62649 62649 1096006 319 319 MISCELLANEOUS 900099 7173 7173 7173 2451808 1103179 0 319 115444 51950 40405 23089 801939 710433 48165 43341 14700 12936 878 886 154883 131514 14281 9088 71136 61001 3825 6310 30586 30586 13669 13669 43173 32101 11072 206181 175433 15698 15050 104449 83908 17391 3150 512006 496512 15494 19171 8588 7487 3096 165129 165129 RESERVE FOR DEVELOPMENT 389114 389114 MISCELLANEOUS 37015 22944 5041 9030 SCHOLARSHIPS 4071 4071 BAD DEBTS 103 103 2682769 2389992 179737 113040 76782 154044 99073 117268 50250 41438 222583 186069 166500 166500 22857 22802 7741629 1760362 6134430 5981267 4667985 2697660 11440460 9367048 666107 615151 9310014 7462571 0 55948 9976121 8133670 X 1394089 1159941 70250 73437 1464339 1233378 11440460 9367048 -230961 0 X X 0 1 X 1 1 1 X 515577 1213184 692643 878146 1348310 4647860 515577 1213184 692643 878146 1348310 4647860 370895 4276965 5844 221 236 132 319 6752 30202 253148 98077 108524 7173 497124 5151736 5066695 0.83020 0.80360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1267600 1267600 6327008 1624277 4702731 47452 47452 0 99569 88633 10936 5981267 PROJECTS UNDER DEVELOPMENT 2231160 DUE FROM RELATED PARTIES 108341 RESTRICTED CASH 311909 DEPOSITS 46250 2697660 DUE TO RELATED PARTIES 55948 55948 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, 2015. SHANNON ERB DAUGHTER OF CEO 51223 SALARY AND BENEFITS 0 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 11 EACH BOARD MEMBER REVIEWS THE FORM 990 AND APPROVES IT. 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 REVIEW AND APPROVAL FROM THE EXECUTIVE COMMITTEE AND/OR BOARD OF DIRECTORS. 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. 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