SOMERVILLE PLACE INC (EIN 223520771) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

LOUISE ELVING

Phone

6174925559

Tax Period

2024-07-01 to 2025-06-30

SOMERVILLE PLACE INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2024. Expenses of $129K exceeded revenue, resulting in a 29% operating deficit.

Mission

OPERATED AND MAINTAINED APPROXIMATELY EIGHT UNITS OF HOUSING FOR LOW-INCOME AND ELDERLY PEOPLE IN SOMERVILLE MASSACHUSETTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $99,726

Investment Income $105

Other Revenue $328

TOTAL REVENUE $100,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,818

Fundraising Expenses $0

Program Expenses $116,980

Other Expenses $108,480

TOTAL EXPENSES $129,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,159	$96,404	+0.0%
Expenses	$129,298	$118,037	+0.1%
Net Income	$-29,139	$-21,633	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY BOMBARD	DIRECTOR	1.00	Director	$0	$0	$0
DELFINE MASONGO	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
LOUISE ELVING	PRESIDENT	1.00	Officer	$0	$0	$0
GEORGE BEAL	TREASURER	1.00	Officer	$0	$0	$0
JOHN HIXSON	CLERK	1.00	Officer	$0	$0	$0
VINCENT O'DONNELL	VICE PRESIDENT	1.00	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
2025	$100,159	$129,298	$895,252	$-29,139
2024	$96,404	$118,037	$912,538	$-21,633
2023	$87,857	$105,160	$928,023	$-17,303
2022	$76,729	$112,010	$943,158	$-35,281
2021	$85,746	$102,246	$974,082	$-16,500
2020	$82,199	$104,875	$997,974	$-22,676
2019	$83,905	$116,690	$1,012,087	$-32,785
2018	$96,098	$100,291	$1,055,081	$-4,193

SOMERVILLE PLACE INC