Mission
The Somerville Community Land Trust (SCLT) is a community-based nonprofit organization focused on creating and preserving permanently affordable housing in the city of Somerville, Massachusetts. They aim to address the affordable housing crisis by utilizing a community land trust model that fosters neighborhood stability and affordable homeownership for all residents, regardless of immigration status.
Basic Information
Tax-Exempt
Founded in
2019
EIN
83-4461699
Total Assets
$3.841 million
UN Sustainable Development Goals Supported
This organization contributes to the following United Nations Sustainable Development Goals. See the SDG page for more information.
Showing 2 of 2 goals
At a Glance
Community Land Trust Model
An introduction to the community land trust model, which promotes neighborhood stability and affordability.
SCLT’s First Affordable Units
Welcoming the first residents into SCLT’s permanently affordable units, a milestone in the organization's journey.
Community Engagement Events
SCLT organizes events to engage the community and raise awareness about affordable housing issues.
Upcoming Events
Somerville CLT End-of-Year Celebration!
2024-10-02
A celebration for the SCLT community to socialize, celebrate accomplishments, and vote for board members.
Learn MoreHONK! Parade
2024-10-06
Join Somerville CLT at the HONK! Parade to celebrate affordable housing and community engagement.
Learn MoreCLT 101: Preventing Displacement from Albany, GA to Somerville, MA
2024-02-10
Learn about community land trusts and their impact on preventing displacement.
Learn MoreMIP Score (Beta)
The MIP Score is in beta! We'd love any feedback you may have.
The MIP Score and it's methodology is purely used as a way to visualize how a nonprofits public financial data compares against others. It doesn't reflect the unique circumstances and impact that a nonprofit has.The MIP Score should never be used to say one charity is better than another.
Overall Score
46
26
/100
Program Expense Ratio
84.97%
16
/20
Program Revenue Growth
0.00%
2
/20
Leverage Ratio
0.9948
4
/20
Working Capital Ratio
0.07005
2
/20
Fundraising Efficiency
0
2
/20
Latest Filing Data: Form 990
Fiscal Year:2022
Source:Source: Self-reported by organization
Financial Details
Revenue
| Category | Amount | Percentage |
|---|---|---|
| Contributions, Gifts, and Grants | 270.3K | 100.00% |
| Program Services | 0 | 0.00% |
| Investment Income | 0 | 0.00% |
| Sales of Non-Inventory Assets | 0 | 0.00% |
| Other Notable Sources | 0 | 0.00% |
| Total Revenue | 270.3K | 100.00% |
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