Somerville Community Corporation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,083,885 | 889,045 | 194,840 | 22.4 | 52% |
| 2012 | 2,175,520 | 2,101,463 | 74,057 | 9.9 | 41% |
| 2013 | 1,944,987 | 2,299,146 | −354,159 | 7.2 | 41% |
| 2014 | 2,432,347 | 2,349,812 | 82,535 | 7.5 | 38% |
| 2015 | 2,451,808 | 2,682,769 | −230,961 | 5.5 | 34% |
| 2016 | 3,161,642 | 2,724,488 | 437,154 | 7.4 | 39% |
| 2017 | 2,042,733 | 2,674,631 | −631,898 | 4.7 | 41% |
| 2018 | 3,084,373 | 3,677,371 | −592,998 | 2.5 | 29% |
| 2019 | 3,253,851 | 4,289,623 | −1,035,772 | -0.7 | 25% |
| 2020 | 3,894,227 | 4,990,188 | −1,095,961 | -3.2 | 21% |
| 2021 | 4,458,191 | 4,934,157 | −475,966 | -5.2 | 18% |
| 2022 | 4,494,144 | 5,552,334 | −1,058,190 | -6.9 | 19% |
| 2023 | 4,659,958 | 5,521,151 | −861,193 | -8.8 | 18% |
In its most recent public year (2023), this organization spent $861,193 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-8.8 months), down from 22.4 in 2011. Staff pay was 18% of spending. $17,506 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
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