2014-10-21T10:25:54-05:00 2013-12-31 043938464 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2013-01-01 237293380 THE SOMERVILLE COMMUNITY CORPORATION INC SOME 6177765931 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 DANIEL LEBLANC CHIEF EXECUTIVE OFFICER 6177765931 2014-10-17 1 MATTHEW TROIANO CPA P01263939 5083669100 2014-10-15 2013 2015-11-30 17:44:51Z DANIEL LEBLANC 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 1944987 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. 19 19 19 325 0 0 1213184 692643 838851 1154031 -129663 236 253148 98077 2175520 1944987 0 0 0 0 1091028 1212961 0 0 75128 1010435 1086185 2101463 2299146 74057 -354159 9669383 9405559 7933420 8023755 1735963 1381804 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 670321 717870 RENTAL PROGRAMS - FIVE 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 109 GILMAN STREET; THE 18 TWO, THREE AND FOUR BEDROOM UNITS AT 33 BOW STREET; THE 14 SINGLE ROOM OCCUPANCY UNITS ON SEWALL STREET; AND THE 8 ONE AND TWO-BEDROOM UNITS AT 75 CROSS STREET. SCC'S RENTAL PROPERTIES ARE MANAGED BY WINN RESIDENTIAL, UNDER CONTRACT WITH SCC. 465182 489299 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: THE FIRST PHASE, COMPLETED IN 2009, PROVIDED 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. IN EARLY 2012, SCC PURCHASED THE FORMER BOYS AND GIRLS CLUBS PROPERTY AT 181 WASHINGTON STREET, AND PLANS TO BREAK GROUND BY THE END OF 2014 ON A NEW BUILDING WITH 35 AFFORDABLE RENTAL APARTMENTS AND GROUND LEVEL COMMERCIAL SPACE. IN ADDITION, SCC RECENTLY PURCHASED THE FORMER AMERICAN LEGION POST 388 AT 163 GLEN STREET, AND HAS SUBMITTED PLANS TO RENOVATE THE FORMER LEGION BUILDING AND ADD TWO ADDITIONAL FLOORS TO CREATE A NEW 11-UNIT MIXED INCOME CONDOMINIUM DEVELOPMENT. ALL OF SCC'S RENTAL PROPERTIES ARE MANAGED BY WINN RESIDENTIAL, UNDER CONTRACT WITH SCC. 331758 3714 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 LED TO (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) THE ESTABLISHMENT OF A PATH BREAKING MEMORANDUM OF UNDERSTANDING AMONG WITH THE MBTA AND OTHER PARTNERS TO SECURE JOBS FOR LOCAL RESIDENTS IN THE CONSTRUCTION AND OPERATION OF THE MBTA'S GREEN LINE EXTENSION. 328938 25000 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 14 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. 224691 16225 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: 'BUDGETING': WHY, HOW, AND INDIVIDUALIZED BUDGETING; 'SAVING AND BUILDING WEALTH': BANKING PRODUCTS, INVESTMENTS, RETIREMENT, COLLEGE, AND INSURANCE; 'INTRODUCTION TO BANKING SERVICES': INFORMATION ABOUT CHECKING AND SAVING ACCOUNTS, INCLUDING HOW TO OPEN AN ACCOUNT; 'CREDIT': INTERPRETING CREDIT SCORES, AND UNDERSTANDING, ESTABLISHING AND REPAIRING 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. 553629 41225 2020890 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 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 13 0 19 1 0 0 0 0 0 0 0 0 0 0 X 19 19 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 KATJANA BALLANTYNE DIRECTOR 2.00 X 0 0 0 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 CLERK 2.00 X X 0 0 0 MARY JO CONNELLY DIRECTOR 2.00 X 0 0 0 EZRA HABER GLENN PRESIDENT 2.00 X X 0 0 0 ADRIANA LAFAILLE DIRECTOR 2.00 X 0 0 0 CASSIE ARNAUD DIRECTOR 2.00 X 0 0 0 ELIZABETH MAHAFFY 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 VICE PRESIDENT 2.00 X X 0 0 0 JOSH WAIRI DIRECTOR 2.00 X 0 0 0 MULUGETA ZEGEYE DIRECTOR 2.00 X 0 0 0 VAN HARDY DIRECTOR 2.00 X 0 0 0 MARIA FLORES DIRECTOR 2.00 X 0 0 0 JILLIAN MOREIRA DIRECTOR 2.00 X 0 0 0 DANIEL LEBLANC CEO 37.50 X 103790 0 5070 103790 0 5070 1 0 0 0 0 365538 327105 692643 RENTAL INCOME 900099 707029 707029 DEVELOPER FEES 900099 322846 322846 MANAGEMENT FEES 900099 91023 91023 TENANT SERVICES 900099 33133 33133 1154031 236 236 INTEREST RECOVERY 900099 76661 76661 MISCELLANEOUS 900099 21416 21416 98077 1944987 1252108 0 236 108860 48987 38101 21772 843121 742740 66839 33542 7736 5484 1870 382 178524 153221 17470 7833 74720 63094 6386 5240 29285 29285 6124 6124 27900 19000 8900 185795 159827 23763 2205 80899 61348 16398 3153 526805 515026 11779 2875 2407 468 10448 8313 2125 10 172921 167142 5779 GRANT EXPENSE 35380 35380 SCHOLARSHIPS 15702 15702 MISCELLANEOUS 11712 7471 3250 991 BAD DEBTS 10164 10164 -29825 -29825 2299146 2020890 203128 75128 82795 106528 110391 121749 158750 80500 113008 108750 166500 166500 14278 22406 7720313 1427407 6404006 6292906 2619655 2506220 9669383 9405559 233972 223556 7683675 7800199 15773 0 7933420 8023755 X 1568746 1281304 167217 100500 1735963 1381804 9669383 9405559 -354159 0 X X 0 1 X 1 1 1 X 1147651 1468234 515577 1213184 692643 5037289 1147651 1468234 515577 1213184 692643 5037289 504895 4532394 32008 180 5844 221 236 38489 44551 30202 253148 98077 425978 5501756 4481074 0.82380 0.88280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1267600 1267600 6307192 1281886 5025306 47452 47452 0 98069 98069 0 6292906 PROJECTS UNDER DEVELOPMENT 1919883 DUE FROM RELATED PARTIES 312644 RESTRICTED CASH 273693 2506220 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 FINANCIAL STATEMENT 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 FINANCIAL STATEMENTS AT DECEMBER 31, 2013. THE CORPORATION'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS AND GENERALLY REMAIN OPEN FOR THE MOST RECENT THREE YEARS. SHANNON ERB DAUGHTER OF CEO 41358 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 AUDIT COMMITTEE SELECTS ITS INDEPENDENT ACCOUNTANTS. 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