Somerville Community Land Trust Logo

MIP Score

46

Housing
Housing Community Services

Somerville Community Land Trust

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

Address

337 Broadway, Somerville, Massachusetts, 02145

View all Somerville charities

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.

At a Glance

Community Land Trust Model

Community Land Trust Model

An introduction to the community land trust model, which promotes neighborhood stability and affordability.

SCLT’s First Affordable Units

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

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 More

HONK! Parade

2024-10-06

Join Somerville CLT at the HONK! Parade to celebrate affordable housing and community engagement.

Learn More

CLT 101: Preventing Displacement from Albany, GA to Somerville, MA

2024-02-10

Learn about community land trusts and their impact on preventing displacement.

Learn More

MIP 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

CategoryAmountPercentage
Contributions, Gifts, and Grants270.3K100.00%
Program Services00.00%
Investment Income00.00%
Sales of Non-Inventory Assets00.00%
Other Notable Sources00.00%
Total Revenue270.3K100.00%