SOMERVILLE HOMELESS COALITION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1985

Legal Domicile

Principal Officer

MICHAEL LIBBY

Phone

6176236111

Tax Period

2023-07-01 to 2024-06-30

SOMERVILLE HOMELESS COALITION INC, founded in 1985, is a community nonprofit in the Human Services sector that reported $8.4M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $7.6M left a modest 10% surplus.

Mission

TO PROVIDE HOMELESS AND NEAR HOMELESS INDIVIDUALS AND FAMILIES WITH INDIVIDUALIZED SUPPORTIVE SERVICES AND TAILORED HOUSING SOLUTIONS WITH A GOAL OF OBTAINING AND MAINTAINING AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,888,263 Revenue: $164,632

SUPPORTIVE HOUSING: MASTER LEASED THEN SUBLEASED APPROXIMATELY 55 SCATTERED-SITE APARTMENTS TO FORMERLY HOMELESS AND DISABLED INDIVIDUALS AND FAMILIES. FACILITATED FURNITURE AND FURNISHINGS, UTILITY ASSISTANCE, AND PROVISION OF HOME-BASED TENANCY STABILIZATION SERVICES TO A TOTAL OF 85 HOUSEHOLDS CONSISTING OF 138 PEOPLE.

Program 2

Expenses: $1,209,072

PROJECT SOUP: OPERATED EMERGENCY FOOD SERVICE PROGRAM FOR LOCAL COMMUNITY. RESPONDED TO OVER 12,000 VISITS AND DISTRIBUTED 58,412 FOOD PACKAGES. DELIVERED 3,424 FOOD PACKAGES TO ELDERLY AND HOMEBOUND WITHIN THE COMMUNITY. SERVED OVER 9,500 MEALS. TOTAL FOOD SERVICES BENEFITTED 4,545 PEOPLE, INCLUDING 1,844 HOUSEHOLDS.

Program 3

Expenses: $558,826

ADULT SHELTER: OPERATED 16 BED ADULT EMERGENCY HOMELESS SHELTER; PROVIDED OVER 4,900 SHELTER BED NIGHTS; SHELTERED 38 INDIVIDUALS; 12 INDIVIDUALS MOVED INTO PERMANENT HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,971,445

Program Service Revenue $157,750

Investment Income $115,336

Other Revenue $172,345

TOTAL REVENUE $8,416,876

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,522,220

Fundraising Expenses $257,152

Program Expenses $6,862,686

Other Expenses $5,069,106

TOTAL EXPENSES $7,595,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,416,876	$7,160,568	+0.2%
Expenses	$7,595,612	$6,452,399	+0.2%
Net Income	$821,264	$708,169	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

297

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

$158,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SERENA TAYLOR	PRESIDENT	2.00	Officer Director	$0	$0	$0
SEBASTIEN CIMON GAGNON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PETER BUTKUS	TREASURER (TO 10/23)	2.00	Officer Director	$0	$0	$0
CHARLES DOUGLIS	TREASURER (FROM 10/23)	2.00	Officer Director	$0	$0	$0
TINA CARUSO	CLERK	2.00	Officer Director	$0	$0	$0
JEFF BERNSTEIN	DIRECTOR (TO 10/23)	0.15	Director	$0	$0	$0
DEBORAH MORGAN	DIRECTOR	0.15	Director	$0	$0	$0
SCOT STE-MARIE	DIRECTOR (TO 10/23)	0.15	Director	$0	$0	$0
TOM WHITE	DIRECTOR	0.15	Director	$0	$0	$0
KEVIN CHAVES	DIRECTOR	0.15	Director	$0	$0	$0
GEORGE DRUGUS	DIRECTOR (FROM 10/23)	0.15	Director	$0	$0	$0
JAYDEN DDHIR	DIRECTOR (FROM 01/24)	0.15	Director	$0	$0	$0
SHARLA RANDAZZO	DIRECTOR (FROM 01/24)	0.15	Director	$0	$0	$0
MICHAEL LIBBY	EXECUTIVE DIRECTOR	40.00	Officer	$158,462	$264	$158,726
FELICITY BEAL	DIRECTOR OF DEVELOPMENT	40.00	Highest	$102,252	$1,644	$103,896
GABRIELLE CALDERAN	DIRECTOR OF PROGRAMS	40.00	Highest	$114,909	$1,724	$116,633
HANNAH O'HALLORAN	DIRECTOR OF HOMELESS SERVICES	40.00	Highest	$113,635	$6,171	$119,806

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
2025	No data	No data	No data	No data
2024	$8,416,876	$7,595,612	$6,438,116	$821,264
2023	$7,160,568	$6,452,399	$5,332,030	$708,169
2022	$5,985,645	$5,155,803	$3,411,491	$829,842
2021	$5,904,274	$4,920,360	$2,665,813	$983,914
2020	$4,741,139	$3,830,272	$1,671,847	$910,867
2019	$3,438,533	$3,618,746	$647,723	$-180,213
2018	$3,182,276	$3,209,803	$906,883	$-27,527