2013-11-12T09:11:40-06:00 2012-12-31 043938464 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2012-01-01 237293380 THE SOMERVILLE COMMUNITY CORPORATION INC SOME 6177765931 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 DANIEL LEBLANC 6177765931 2013-10-29 1 MATTHEW TROIANO CPA P01263939 5083669100 2013-10-23 2012 2016-02-24 21:20:13Z DANIEL LEBLANC 337 SOMERVILLE AVENUE 2ND FLOOR SOMERVILLE MA 02143 3440293 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 20 200 0 0 515577 1213184 532262 838851 5844 -129663 30202 253148 1083885 2175520 0 0 0 0 588680 1091028 0 0 54521 300365 1010435 889045 2101463 194840 74057 8692182 9669383 7030276 7933420 1661906 1735963 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 484122 851294 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 SIX 3-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. 403611 91511 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 145 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, REHABILITATING THEM, AND RESELLING THEM TO MODERATE AND LOW-INCOME BUYERS. MORE RECENTLY, SCC HAS DEVELOPED TWO CONDOMINIUM PROJECTS WITH A TOTAL OF 23 UNITS.IN 2009, SCC COMPLETED THE FIRST PHASE OF ST POLYCARP REDEVELOPMENT (A 3 PHASE MIXED-USE DEVELOPMENT), WHICH PROVIDED 24-UNITS OF AFFORDABLE RENTAL HOUSING AND 3 COMMERCIAL SPACES ON THE GROUND LEVEL. IN 2011, PHASE 2 OF THE PROJECT WAS UNDER CONSTRUCTION; WHEN COMPLETED IN 2012 IT PROVIDED AN ADDITIONAL 29 UNITS OF AFFORDABLE RENTAL HOUSING WITH A COMMUNITY ROOM, OPEN SPACE AND A PLAYGROUND. THE 3RD AND FINAL PHASE OF ST POLYCARP RECEIVED STATE FUNDING IN 2011. CONSTRUCTION BEGAN IN 2012 AND WILL BE COMPLETED IN 2013; THIS PHASE WILL PROVIDE 31 AFFORDABLE RENTAL UNITS AND A MANAGEMENT OFFICE. 354187 7310 COMMUNITY ORGANIZING - COMMUNITY ORGANIZING BRINGS PEOPLE TOGETHER TO IDENTIFY PROBLEMS, ADDRESS THEM COLLECTIVELY, AND CREATE CHANGES THAT BENEFIT THE COMMUNITY. AS AN ORGANIZATION, SCC IS ACCOUNTABLE TO ITS BROAD BASE OF MEMBERS AND LEADERS; THEY ARE THE ONES THAT STEER THE COURSE OF OUR WORK. BUILDING RELATIONSHIPS, CREATING A UNIFIED VOICE, AND ACHIEVING POWER THROUGH SOLIDARITY ARE ITS KEY STRATEGIES. THROUGH CAMPAIGNS AND INITIATIVES, SCC STRIVES TO ENGAGE THE COMMUNITY TO TACKLE LOCAL ISSUES AS WELL AS BUILD NEW LEADERS BY STRENGTHENING THE SKILLS OF LONG-TIME MEMBERS. 326470 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. THE PROGRAM WORKS IN COLLABORATION WITH SOMERVILLE PUBLIC SCHOOLS, THE OFFICE OF THE ATTORNEY GENERAL OF MASSACHUSETTS, AND COMMUNITY AGENCIES. THE SOMERVILLE MEDIATION PROGRAM HAS BEEN DESIGNATED BY THE TRIAL COURT OF THE COMMONWEALTH AS THE APPROVED MEDIATION PROGRAM FOR THE SOMERVILLE DISTRICT COURT. IN ADDITION TO SOMERVILLE HIGH SCHOOL, SCC RECEIVES REFERRALS AND MEDIATE CASES FOR ALL OF THE ELEMENTARY SCHOOLS AND THE ALTERNATIVE SCHOOLS IN SOMERVILLE. ITS PRINCIPAL FOCUS FOR THE LAST 15 YEARS HAS BEEN ON VIOLENCE PREVENTION, AND WORKING WITH YOUNG PEOPLE TO TEACH THEM CONFLICT RESOLUTIONS SKILLS, RESPECT AND TOLERANCE. TO THIS END, SCC ALSO CONDUCT WORKSHOPS IN THE ELEMENTARY SCHOOLS. EACH YEAR SCC RECRUITS AND TRAIN 60 NEW STUDENT MEDIATORS DURING A 24-HOUR TRAINING PROGRAM. THESE STUDENTS JOIN ITS OTHER MEDIATORS, WHO BRING PEACE AND PREVENT VIOLENCE IN ITS SCHOOLS AND COMMUNITY EACH DAY. SCC'S PROGRAM MAINTAINS ITS MISSION OF HELPING OTHERS LIVE TOGETHER WITH TOLERANCE AND RESPECT THROUGH THE WORK OF PROFESSIONAL, DEDICATED STAFF AND VOLUNTEERS. 236548 12000 ASSET BUILDING PROGRAMS - SCC'S ASSET BUILDING PROGRAMS SEEKS TO PROVIDE SOMERVILLE RESIDENTS - RECENT IMMIGRANTS AND US-BORN INDIVIDUALS ALIKE - WITH THE NECESSARY KNOWLEDGE TO NAVIGATE THEIR FINANCIAL LIVES EFFECTIVELY AND SUCCESSFULLY. THE TOPICS COVERED ARE VITAL TO THE ECONOMIC WELL-BEING OF ALL PEOPLE, BUT OF MOST IMPORTANCE TO LOW-INCOME INDIVIDUALS AND FAMILIES, WHO ARE MORE VULNERABLE TO ECONOMIC INSTABILITY. WITHIN SCC'S SIX-WEEK FINANCIAL EDUCATION SERIES IT COVERS THE FOLLOWING: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; UNDERSTANDING, ESTABLISHING AND REPAIRING CREDIT. SCC ALSO RUNS FIRST TIME HOME BUYER CLASSES AND INDIVIDUAL DEVELOPMENT ACCOUNT (IDA) MATCHED SAVINGS PROGRAMS. IN COLLABORATION WITH PARTNERS SCC WORKS WITH CLIENTS TO ADDRESS HOUSING EMERGENCIES, PREVENT MORTGAGE FORECLOSURES, ACCESS AND RANGE OF PUBLICLY AVAILABLE INCOME SOURCES AND SERVICES, AND COUNSELING FOR CAREER DEVELOPMENT AND JOB SEARCHES. 563018 12000 1804938 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 0 0 0 1 13 0 1 20 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 CORPORATION 6177765931 337 SOMERVILLE AVE SOMERVILLE MA 02143 KATJANA BALLANTYNE 2.00 X 0 0 0 JANINE LOTTI 2.00 X 0 0 0 GLENN MORGAN 2.00 X X 0 0 0 FRED BERMAN 2.00 X 0 0 0 BEATRICE KWAA 2.00 X 0 0 0 JEANNETTE AMAZEEN-THOMAS 2.00 X X 0 0 0 VAN HARDY 2.00 X 0 0 0 MARY JO CONNELLY 2.00 X 0 0 0 EZRA HABER GLENN 2.00 X X 0 0 0 ADRIANA LAFAILLE 2.00 X 0 0 0 CASSIE ARNAUD 2.00 X 0 0 0 REGINA BERTHOLODO 2.00 X 0 0 0 ELIZABETH MAHAFFY 2.00 X 0 0 0 DIANE MACHADO 2.00 X 0 0 0 ADAM RICH 2.00 X 0 0 0 STEPHANIE TOEWS-MOELING 2.00 X X 0 0 0 JOSH WAIRI 2.00 X 0 0 0 MULUGETA ZEGEYE 2.00 X 0 0 0 DANIEL LEBLANC 37.50 X 91349 0 19676 91349 0 19676 0 0 0 0 0 598239 614945 1213184 RENTAL INCOME 900099 581931 581931 DEVELOPER FEES 900099 174235 174235 MANAGEMENT FEES 900099 49163 49163 TENANT SERVICES 900099 33522 33522 838851 221 221 1134889 1264773 -129884 -129884 -129884 INTEREST RECOVERY 900099 222947 222947 MISCELLANEOUS 900099 30201 30201 253148 2175520 962115 0 221 X 111025 49961 38859 22205 753355 680136 57358 15861 11783 10344 1127 312 148703 131201 14348 3154 66162 57735 5134 3293 22021 22021 16260 14166 2094 54240 26248 27992 285364 242681 37473 5210 83599 61382 20117 2100 424853 411339 13514 2636 352 2284 9344 6197 3068 79 121122 115343 5779 TENANT ASSISTANCE 56980 56980 MISCELLANEOUS 22369 7205 12857 2307 GRANT EXPENSE 16769 16769 BAD DEBTS 12007 12007 -117129 -117129 2101463 1804938 242004 54521 102217 82795 96239 110391 157500 158750 211215 113008 166500 166500 12291 14278 7658492 1254486 3925253 6404006 4020967 2619655 8692182 9669383 255244 233972 6764472 7683675 10560 15773 7030276 7933420 X 1310105 1568746 351801 167217 1661906 1735963 8692182 9669383 74057 0 X X 0 1 X 1 1 1 X 1731703 1147651 1468234 515577 1213184 6076349 1731703 1147651 1468234 515577 1213184 6076349 324028 5752321 11817 32008 180 5844 221 50070 61903 44551 30202 253148 389804 6516223 3949954 0.88280 0.92740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1267600 1267600 6247298 1114400 5132898 47452 47452 0 96142 92634 3508 6404006 PROJECTS UNDER DEVELOPMENT 1706216 TENANT SECURITY DEPOSITS 15773 DUE FROM RELATED PARTIES 644767 RESTRICTED CASH 252899 2619655 TENANT SECURITY DEPOSITS 15773 15773 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CORPORATION FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES STANDARD UNDER U.S. GAAP, WHICH REQUIRES THE CORPORATION TO REPORT UNCERTAIN TAX POSITIONS, RELATED INTEREST AND PENALTIES, AND TO ADJUST ITS ASSETS AND LIABILITIES RELATED TO UNRECOGNIZED TAX BENEFITS AND ACCRUED INTEREST AND PENALTIES ACCORDINGLY. AS OF DECEMBER 31, 2012, THE CORPORATION DETERMINED THAT THEY HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS TO REPORT. THE CORPORATION FILES INFORMATION AND INCOME TAX RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE INFORMATION RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. SHANNON LEBLANC DAUGHTER OF CEO 32905 SALARY 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 OTHER FEES FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 242,681. MANAGEMENT AND GENERAL EXPENSES 37,473. FUNDRAISING EXPENSES 5,210. TOTAL EXPENSES 285,364. FORM 990, PART XI, LINE 2C THERE HAVE BEEN NO PROCEDURAL CHANGES IN HOW THE AUDIT COMMITTEE SELECTS ITS INDEPENDENT ACCOUNTANTS. 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