Somerville Senior Citizens Housing Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 2,545,992 | 1,834,989 | 711,003 | 34.7 | 19% |
| 2022 | 2,467,478 | 1,915,473 | 552,005 | 36.7 | 15% |
| 2023 | 2,602,116 | 1,934,428 | 667,688 | 40.5 | 17% |
| 2024 | 2,816,261 | 2,116,877 | 699,384 | 41.0 | 18% |
In its most recent public year (2024), this organization brought in $699,384 more than it spent. Its reserves stood at about 41 months of spending, up from 34.7 in 2021. Staff pay was 18% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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