Somerville Place Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 84,903 | 95,866 | −10,963 | 75.0 | 10% |
| 2012 | 82,598 | 96,470 | −13,872 | 72.8 | 8% |
| 2013 | 86,540 | 104,982 | −18,442 | 64.8 | 7% |
| 2014 | 86,066 | 98,976 | −12,910 | 67.1 | 9% |
| 2015 | 73,632 | 101,901 | −28,269 | 61.9 | 9% |
| 2016 | 85,962 | 90,224 | −4,262 | 69.3 | 10% |
| 2017 | 86,118 | 113,224 | −27,106 | 52.4 | 9% |
| 2018 | 96,098 | 100,291 | −4,193 | 58.6 | 10% |
| 2019 | 83,905 | 116,690 | −32,785 | 47.0 | 9% |
| 2020 | 82,199 | 104,875 | −22,676 | 49.7 | 11% |
| 2021 | 85,746 | 102,246 | −16,500 | 49.1 | 10% |
| 2022 | 76,729 | 112,010 | −35,281 | 41.0 | 10% |
| 2023 | 87,857 | 105,160 | −17,303 | 41.7 | 10% |
In its most recent public year (2023), this organization spent $17,303 more than it brought in. Its reserves stood at about 41.7 months of spending, down from 75 in 2011. Staff pay was 10% of spending. $628,000 of its net assets are donor-restricted.
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 2023. 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
Somerville Place Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works