Public Charity

THE SOMERVILLE COMMUNITY CORPORATION INC

THE SOMERVILLE COMMUNITY CORPORATION INC is a nonprofit organization categorized as Public Charity based in SOMERVILLE, MA. Its most recent IRS filing (2024) reports revenue of $5.8M, expenses of $5.7M, total assets of $54.0M. Imperigo tracks 39 reported grant relationships connected to this organization totaling approximately $1.5M.

EIN: 237293380 SOMERVILLE, MA Community & Neighborhood Development NTEE: S20 Latest filing: 2024
Total Revenue$5.8M
Total Expenses$5.7M
Total Assets$54.0M
Grant Records39
Funding Total$1.5M
Filing Years2019–2024

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.

Where $100 goes at The Somerville Community Corporation Inc

How The Somerville Community Corporation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$88 Programs the work itself
$9 Management running the organization
$3 Fundraising raising the next dollar

Inside the $88 for programs

$67
Rental programs
76% of program spending · Reported in the filing: 12 units; 14 units; 42 units
$16
Economic opportunityscc's financial literacy, asset building, and first source career counseling help people find good jobs, build wealth, and find financial stability
18% of program spending
$5
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…
6% of program spending · Reported in the filing: 340 units of rental; 80 units; 61 units

Plus 1 more program. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Cassandra Arnaud
DIRECTOR (UNTIL 3/2024) Erika C Johnson Esq
DIRECTOR (UNTIL 3/2024) Ezra Haber Glen
CEO Gonzalo Puigbo
CLERK (AS OF 4/2024) Holly Fox
PRESIDENT Ignacio Cardona

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$680,901 20 grants
Economic Development
$578,623 11 grants
Housing & Homelessness
$76,721 3 grants
Unspecified
$129,329 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $5.8M $5.7M $54.0M
2023 $4.7M $5.5M $53.2M
2022 $4.5M $5.6M $52.2M
2020 $3.9M $5.0M $57.6M
2019 $3.3M $4.3M $44.0M

Between 2019 and 2024, reported annual revenue grew from $3.3M to $5.8M (+79%), with total assets most recently reported at $54.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for THE SOMERVILLE COMMUNITY CORPORATION INC

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