YOUNG MENS CHRISTIAN ASSOCIATION SO

EIN: 042103853 501(c)(3) Human Services

SOMERVILLE, MA

Total Revenue
$3,813,019
Total Expenses
$3,951,682
Total Assets
$8,895,302
Net Assets
$3,909,365
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Financial Trends

Organization Details

Formation Year
1867
Legal Domicile
MA
Principal Officer
VLADIMIR BENOIT
Phone
6176255050
Tax Period
2024-01-01 to 2024-12-31

YOUNG MENS CHRISTIAN ASSOCIATION SO, founded in 1867, is a community nonprofit in the Human Services sector that reported $3.8M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring.

Mission

THE SOMERVILLE YMCA IS COMMITTED TO BUILDING A COMMUNITY WHERE ALL PEOPLE, ESPECIALLY THE YOUNG, ARE ENCOURAGED TO DEVELOP THEIR FULLEST POTENTIAL IN SPIRIT, MIND, AND BODY.

Program Service Accomplishments

Program 1
Expenses: $925,760 Revenue: $677,473

HEALTH & WELLNESS PROGRAMS: OUR YMCA OFFERS A VARIETY OF PROGRAMS THAT IMPROVE THE HEALTH AND FITNESS OF MEMBERS OF ALL AGES. OUR FACILITY HAS AND INDOOR SWIMMING POOL THAT IS UTILIZED FOR LAP...

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HEALTH & WELLNESS PROGRAMS: OUR YMCA OFFERS A VARIETY OF PROGRAMS THAT IMPROVE THE HEALTH AND FITNESS OF MEMBERS OF ALL AGES. OUR FACILITY HAS AND INDOOR SWIMMING POOL THAT IS UTILIZED FOR LAP SWIMMING, SWIM LESSONS, WATER EXERCISES AND OUR YMCA "CAT SWIM TEAM". WE ALSO HAVE A GYMNASIUM WHERE WE PROVIDE GYM CLASSES FOR CHILDREN, FITNESS CLASSES FOR ADULTS AND SPORTS FOR ALL AGES. THE Y HAS TWO WEIGHT TRAINING FACILITIES, AND OLYMPIC FREE WEIGHT ROOM AND A NAUTILUS FITNESS ROOM THAT INCLUDES A NUMBER OF CARDIO MACHINES. OUR ASSOCIATION IS OPEN TO THE PUBLIC SEVEN DAYS A WEEK FIFTY-TWO WEEKS A YEAR. WE PARTICIPATE IN A NUMBER OF COLLABORATIONS THAT INCREASE PARTICIPATION TO LOW INCOME FAMILIES IN OUR SERVICE AREA.

Program 2
Expenses: $2,132,803 Revenue: $2,189,843

PRESCHOOL, SCHOOL AGED CHILD CARE, AND SUMMER DAY CARE: OPEN 52 WEEKS A YEAR, FIVE-DAYS A WEEK THE CHILD CARE PROGRAM PROVIDES 39 PRESCHOOL CHILDREN AND 78 AGED CHILDREN WITH A POSITIVE ENVIRONMENT...

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PRESCHOOL, SCHOOL AGED CHILD CARE, AND SUMMER DAY CARE: OPEN 52 WEEKS A YEAR, FIVE-DAYS A WEEK THE CHILD CARE PROGRAM PROVIDES 39 PRESCHOOL CHILDREN AND 78 AGED CHILDREN WITH A POSITIVE ENVIRONMENT FOR THEIR DEVELOPMENT. OUR SCHOOL AGE PROGRAM EXPANDS TO 150 CHILDREN A DAY DURING THE SUMMER MONTHS. THE PRIMARY INTENT OF THE CHILD CARE PROGRAM IS TO HELP CHILDREN DEVELOP THEIR FULLEST POTENTIAL. THE SOMERVILLE YMCA CHILD CARE PROGRAM AIMS TO PROVIDE A SAFE, STIMULATING AND RELIABLE CHILD CARE ENVIRONMENT TO FOSTER SELFESTEEM, MEET EACH CHILD'S INDIVIDUAL NEEDS AND PROMOTE THE PHYSICAL, INTELLECTUAL AND SOCIAL WELL-BEINGOF THE PRESCHOOL AGE CHILD. THE CURRICULUM IS ONE THAT NURTURES AND RESPONDS TO THE DEVELOPING NEEDS OF EACH CHILD. ACTIVITIES PROVIDE CHALLENGE, EDUCATIONAL STIMULATION, AND AN OPPORTUNITY FOR SELF-EXPRESSION. THE CHILDREN ARE ABLE TO EXERCISE THEIR OWN DECISION MAKING, SOCIAL SKILLS, CREATIVITY, AS WELL AS THEIR GROWING INDEPENDENCE.

Program 3
Expenses: $145,120 Revenue: $255,243

MENS DORMITORY: ONE OF THE WAYS IN WHICH THE SOMERVILLE YMCA IS UNIQUE IS IN OUR DEDICATION TO PROVIDING A SAFE HAVEN FOR MEN IN TRANSITION THROUGH OUR MEN'S DORMITORY, PREDOMINATELY SERVING...

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MENS DORMITORY: ONE OF THE WAYS IN WHICH THE SOMERVILLE YMCA IS UNIQUE IS IN OUR DEDICATION TO PROVIDING A SAFE HAVEN FOR MEN IN TRANSITION THROUGH OUR MEN'S DORMITORY, PREDOMINATELY SERVING LOW-INCOME SENIORS. IN A TIME WHERE MOST YMCA'S HAVE MOVED AWAY FROM HOUSING, THE SOMERVILLE YMCA HAS REMAINED COMMITTED TO PROVIDING A SECURE HOME FOR THE WORKING POOR AND ELDERLY MEN OF SOMERVILLE. APPROXIMATELY 75% OF OUR RESIDENTS ARE SENIORS AND 100% OF OUR RESIDENTS ARE CONSIDERED LOW INCOME. THE SOMERVILLE YMCA'S RESIDENCE CONSISTS OF 43 SINGLE ROOM OCCUPANCY UNITS THAT PROVIDE LONG-TERM AFFORDABLE ACCOMODATION FOR ELDERLY, MINORITY, AND WORKING POOR SINGLE MEN IN THE SOMERVILLE AREA. THE DORMITORY IS AN INTEGRAL PART OF THE BUILDING AND THE YMCA'S MISSION AS THE COMMUNITY HAS A LARGE POPULATION OF LOW- INCOME AND ELDERLY INDIVIDUALS WHO NEED SAFE HOUSING AT AND AFFORDABLE COST.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $717,465
Program Service Revenue $3,122,559
Investment Income $61,979
Other Revenue $-88,984
TOTAL REVENUE $3,813,019

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,948,962
Fundraising Expenses $14,215
Program Expenses $3,203,683
Other Expenses $1,002,720
TOTAL EXPENSES $3,951,682

Year-over-Year Comparison

2024 2023 Change
Revenue $3,813,019 $4,869,128 -0.2%
Expenses $3,951,682 $3,729,087 +0.1%
Net Income $-138,663 $1,140,041 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
116
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS BENT TRUSTEE N/A
Director
$0 $0 $0
LOUIS FERRARA TRUSTEE N/A
Director
$0 $0 $0
BRIAN HARRIS PRESIDENT N/A
Director
$0 $0 $0
THOMAS MACONE TRUSTEE N/A
Director
$0 $0 $0
SANDRA MCGOLDRICK TRESURER N/A
Director
$0 $0 $0
PEARL J MORRISON TRUSTEE N/A
Director
$0 $0 $0
WILLIAM MURPHY TRUSTEE N/A
Director
$0 $0 $0
DEBRA NOTARO VICE PRESIDE N/A
Director
$0 $0 $0
SUZANNE RINFRET TRUSTEE N/A
Director
$0 $0 $0
LOVAINCY RONELSON TRUSTEE N/A
Director
$0 $0 $0
NANCY TRANE TRUSTEE N/A
Director
$0 $0 $0
JOSUE VELNEY SECRETARY N/A
Director
$0 $0 $0
VLADIMIR BENOIT EXECUTIVE DI N/A
Officer
$0 $0 $0
TERESA CHAMPA CONTROLLER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,813,019 $3,951,682 $8,895,302 $-138,663
2024 $3,813,019 $3,951,682 $8,895,302 $-138,663
2023 $4,869,128 $3,729,087 $8,407,570 $1,140,041
2022 $3,779,108 $3,343,278 $3,039,539 $435,830
2022 $3,779,108 $3,343,278 $3,039,539 $435,830
2021 $3,347,223 $2,759,803 $2,644,221 $587,420
2020 $3,012,735 $2,406,467 $2,037,117 $606,268
2019 $2,597,400 $2,617,900 $1,337,400 $-20,500
2018 $2,587,700 $2,418,900 $1,322,700 $168,800
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