THE SOMERVILLE COMMUNITY CORPORATION INC (EIN 237293380) - 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

1969

Legal Domicile

Principal Officer

GONZALO PUIGBO

Phone

6177765931

Tax Period

2023-01-01 to 2023-12-31

THE SOMERVILLE COMMUNITY CORPORATION INC, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $4.7M in total revenue in fiscal year 2023. Expenses of $5.5M exceeded revenue, resulting in a 18% operating deficit.

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.

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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 $979,089

Program Service Revenue $3,578,865

Investment Income $19,617

Other Revenue $82,387

TOTAL REVENUE $4,659,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,143,927

Fundraising Expenses $171,885

Program Expenses $4,808,977

Other Expenses $4,377,224

TOTAL EXPENSES $5,521,151

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,659,958	$4,494,144	+0.0%
Expenses	$5,521,151	$5,552,334	0.0%
Net Income	$-861,193	$-1,058,190	-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

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

$256,612

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IGNACIO CARDONA	PRESIDENT	2.00	Officer Director	$0	$0	$0
JHENNY SAINT-SURIN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JAVIER BELLINI	TREASURER	2.00	Officer Director	$0	$0	$0
SILVANA DINKA	CLERK	2.00	Officer Director	$0	$0	$0
CASSANDRA ARNAUD	DIRECTOR	2.00	Director	$0	$0	$0
EZRA HABER GLEN	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE APIGIAN	DIRECTOR	2.00	Director	$0	$0	$0
NATACHA THEODORE	DIRECTOR	2.00	Director	$0	$0	$0
MARJORIE JACQUES THERMIDOR	DIRECTOR	2.00	Director	$0	$0	$0
MULUGETA ZEGEYE	DIRECTOR	2.00	Director	$0	$0	$0
NANCY HOGAN	DIRECTOR	2.00	Director	$0	$0	$0
JARELIS FONSECA	DIRECTOR	2.00	Director	$0	$0	$0
MARCUS MELLO	DIRECTOR	2.00	Director	$0	$0	$0
ERIKA C JOHNSON ESQ	DIRECTOR	2.00	Director	$0	$0	$0
KATE FICHTER	DIRECTOR	2.00	Director	$0	$0	$0
GONZALO PUIGBO	CEO	36.00	Officer	$164,800	$3,880	$168,680
FRANNIE CHAN	CONTROLLER (UNTIL 7/31/24)	36.00	Officer	$85,148	$2,784	$87,932
LAUREL RENEE TAYLOR	DIRECTOR OF COMMUNITY PROGRAMS	36.00	Highest	$110,210	$8,776	$118,986

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	No data	No data	No data	No data
2023	$4,659,958	$5,521,151	$53,175,984	$-861,193
2022	$4,494,144	$5,552,334	$52,165,073	$-1,058,190
2021	$4,458,191	$4,934,157	$51,767,893	$-475,966
2020	$3,894,227	$4,990,188	$57,620,146	$-1,095,961
2019	$3,253,851	$4,289,623	$43,978,841	$-1,035,772
2018	$3,084,373	$3,677,371	$33,134,111	$-592,998

THE SOMERVILLE COMMUNITY CORPORATION INC