Somerville Homeless Coalition Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 5,904,274 | 4,920,360 | 983,914 | 5.8 | 28% |
| 2022 | 5,985,645 | 5,155,803 | 829,842 | 7.5 | 31% |
| 2023 | 7,160,568 | 6,452,399 | 708,169 | 7.3 | 26% |
In its most recent public year (2023), this organization brought in $708,169 more than it spent. Its reserves stood at about 7.3 months of spending, up from 5.8 in 2021. Staff pay was 26% of spending. $446,967 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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