THE SOMERVILLE COMMUNITY CORPORATION INC
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$5,814,242
Program Services
67%
Government Grants
13%
Other
12%
Contributions
8%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$5,735,861
Offices, Occupancy & IT
41%
Fees to Service Providers
20%
Salaries & Benefits
19%
Depreciation
15%
Other
5%
Grants
0%
Benefits to Members
0%
Advertising & Promotion
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$498,118
$471,698
-5%
Government Grants
$480,971
$746,100
+55%
Fundraising Events
$0
$17,976
-
Program Services
$3,578,865
$3,869,829
+8%
Membership Dues
$0
$0
-
Investments
$19,617
$17,983
-8%
Other
$82,387
$690,656
+738%
Total Revenues
$4,659,958
$5,814,242
+25%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$1,143,927
$1,101,874
-4%
Fees to Service Providers
$788,420
$1,158,621
+47%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$2,348,430
$2,325,975
-1%
Interest
$0
$0
-
Depreciation
$913,926
$868,107
-5%
Other
$326,448
$281,284
-14%
Total Expenses
$5,521,151
$5,735,861
+4%
Net income
2023
2024
Change
Net income
-$861,193
+$78,381
-109%
Functional Expenses
Summary
2023
2024
Change
Program
$4,808,977
$5,109,357
+6%
Admin
$540,289
$434,559
-20%
Fundraising
$171,885
$191,945
+12%
Total Expenses
$5,521,151
$5,735,861
+4%
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