Somerville Community
Somerville Community Corporation is a 501(c)(3) community development corporation founded in 1969 that preserves and develops affordable housing, delivers workforce and financial literacy programs, and organizes residents in Somerville, MA.
- Company typePrivate
- Founded1969
- HeadquartersSomerville, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Somerville Community does
Somerville Community Corporation (SCC) is a 501(c)(3) community development corporation founded in 1969 and headquartered at 337 Somerville Avenue in Somerville, Massachusetts. It operates a membership-based, community-led model delivering three integrated program lines: Real Estate Development (affordable rental and ownership preservation, including Metro 9 Lofts artist housing, the 100 Homes Program, and the upcoming Bow Linden and Clarendon Hill Phase II projects), Economic Opportunity (First Source Jobs Program, First-Time Homebuyers classes, Financial Literacy, ESOL, and Digital Literacy), and Community Building (organizing around affordable housing policy and equitable development).
The organization serves low- and moderate-income Somerville residents facing displacement from rising rents, job seekers with barriers to employment (including non-English speakers and entry-level workers), residents seeking financial stability, certified artists, and local employers. Since 2009, SCC has constructed 100 affordable units and currently serves over 350 residents annually through asset-building programs; upcoming projects will add 276+ affordable homes plus 80 moderate-income units.
SCC's revenue mix combines government and foundation grants (LISC, state Affordable Housing Development awards), tax-deductible donations through the Massachusetts Community Investment Tax Credit (CITC) program offering 50% state tax credits on gifts of $1,000+, rental income from owned affordable housing units priced at 50-80% of Area Median Income, and voluntary membership dues. Operations are delivered through a small 11-50 person staff in person, online, and via employer partnerships, with no proprietary technology products.
Somerville Community firmographics
Firmographics- Name
- Somerville Community
- Legal name
- Somerville Community Corporation
- Website
- https://somervillecdc.org
- Company type
- Private
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Somerville Community Corporation is a 501(c)(3) community development corporation founded in 1969 that preserves and develops affordable housing, delivers workforce and financial literacy programs, and organizes residents in Somerville, MA.
- Ownership category
- akta.pro rank
Somerville Community industry classification
Industry- Product category
- Community Development and Affordable Housing Services
- NAICS
- Community Housing Services (62422), Other Community Housing Services (624229)
- SIC
- Services-Social Services (8300), Operators Of Apartment Buildings (6513), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industries
- Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing) (BPAIANAA), Public Housing & Social Housing Development/Modernization Programs (FSALAKAH), Housing Development, Construction & Rehabilitation Programs (BPAIANAB), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD)
Keywords
Where Somerville Community is headquartered
LocationHeadquarters
- HQ city
- Somerville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Somerville Community business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Grant Funding: Primary revenue source from government and foundation grants including LISC grants and state Affordable Housing Development grants.
- Donations (CITC Program): Tax-deductible donations through the Community Investment Tax Credit program, which provides 50% tax refund to donors contributing at least $1,000.
- Rental Income: Revenue from affordable housing units owned and managed by SCC including Metro 9 artist housing and other residential properties.
- Membership Dues: Voluntary membership program supporting the organization; financial support is welcome but not required.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Affordable housing at 50% AMI |
| Subscription | Monthly | Affordable housing at 80% AMI |
| Other | Annual | Community Investment Tax Credit donations |
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Somerville Community product offering
Product offeringCore offering
Somerville Community Corporation develops and preserves affordable rental and ownership housing in Somerville, MA, and delivers direct-service programs including the First Source Jobs workforce program, First-Time Homebuyers and Financial Literacy classes, Digital Literacy and ESOL classes, the 100 Homes tenant stability program, and affordable artist housing at Metro 9 Lofts. The organization operates as a membership-based nonprofit CDC funded by grants, donations, and rental income, and runs community organizing efforts around housing affordability and displacement.
Product overview
Somerville Community Corporation is a membership-based non-profit organization that offers a portfolio of community development programs centered around three core areas: Real Estate Development, Economic Opportunity, and Community Building. The organization operates multiple service programs including the First Source Jobs Program for workforce development, First-Time Homebuyers and Financial Literacy classes for asset building, Digital Literacy and ESOL classes for education, and manages affordable housing through programs like 100 Homes and Metro 9 Lofts. These programs work together to provide equitable access to safe and affordable housing, promote financial independence, and create opportunities for community leadership.
Differentiator
Problem solved
Functional benefit
Brands
- First Source Jobs Program: Workforce development program connecting job seekers with employment opportunities
- 100 Homes Program
- Metro 9 Lofts
- Women's Empowerment Program
- Leadership Development Institute
- Social Equity Campaign Through CITC
Products and services
- Real Estate Development Develops and preserves affordable rental and ownership units and commercial space in Somerville to maintain and strengthen the socioeconomic diversity of the city. Includes projects such as Bow Linden (60 all-affordable homes) and Clarendon Hill Reconstruction Phase II.
- First Source Jobs Program
Quantifiable outcome
- 350+ people served annually through asset building programs
- +3 more outcomes
Companies that use Somerville Community
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles1 record
Somerville Community technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Somerville Community partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Preservation of Affordable Housing (POAH)corePartnership for Clarendon Hill Reconstruction Phase II - will upgrade 216 affordable homes and add 80 moderate-income units plus 295 market-rate units. This is a major redevelopment partnership addressing critical housing needs in Somerville.
- Somerville Arts CouncilcorePartners for artist certification required for Metro 9 affordable artist housing program. The Arts Council certifies artists eligible for affordable live/work spaces.
- Harvard Graduate School of DesignminorHarvard GSD posts employment opportunities through SCC's First Source Jobs Program, providing job opportunities for community members and graduate students.
- Massachusetts State Lottery CommissionminorMSLC posts various positions (warehouse, marketing, technical roles) through SCC's First Source Jobs Program, connecting employers with local job seekers.
- Enterprise Community PartnerscorePartnered with Davis Square Architects and Enterprise Community Partners on Union Square East Community Vision project for neighborhood planning.
- City of Somerville / Mayor Katjana BallantynecoreCity partnership for affordable housing development, with Mayor Ballantyne championing SCC's initiatives including Bow Linden Project and Clarendon Hill Reconstruction.
Scale indicators8 records
Recent moves6 records
Expansion highlights5 records
Somerville Community competitors and assessment
Company assessmentDirect peers
- Preservation of Affordable Housing (POAH): National nonprofit affordable housing developer and direct co-development partner with SCC on Clarendon Hill Phase II; comparable mission of preserving and operating affordable rental housing at scale.
- Asian Community Development Corporation: Greater Boston CDC combining affordable housing development with small business, workforce, and community services — directly comparable mission and integrated service model.
- The Community Builders: Boston-based national nonprofit affordable housing developer providing resident services across mixed-income communities — comparable scale and integrated housing-plus-services model.
- Urban Edge Housing Corporation: Boston-based CDC developing and managing affordable rental housing while providing resident services, workforce, and community organizing programs — same integrated housing-plus-services CDC model.
- Madison Park Development Corporation: Roxbury, MA CDC focused on affordable housing development, workforce, and community building in Greater Boston — comparable geographic scope, mission, and integrated program portfolio.
- Just A Start Corporation: Cambridge, MA-based community development corporation offering affordable housing development, workforce training, financial literacy, and youth education — directly comparable integrated model in a neighboring Greater Boston city.
- Dorchester Bay Economic Development Corporation: Dorchester, MA CDC combining affordable housing development, small business support, and workforce programs — strong structural analog to SCC's community-led development approach.
- B'nai B'rith Housing: New England-based nonprofit affordable housing developer and service provider managing rental properties for low-income residents — direct analog in housing preservation and resident services.
Broad incumbents
- Enterprise Community Partners: National nonprofit affordable housing developer and partner with SCC on Union Square East Community Vision; comparable mission but operates at national scale across development, capital, and policy.
- Local Initiatives Support Corporation (LISC): National CDFI that awarded SCC its 2024 $75K grant; comparable in mission (community development, affordable housing, economic opportunity) but operates at national scale as a capital intermediary rather than a single-city CDC.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
Somerville Community social profiles
Digital presenceSomerville Community financial estimates
Financial estimateRevenue estimate
Valuation estimate
Somerville Community leadership team
Management profileNumber of profiles
Profiles7 records
Somerville Community funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Somerville Community M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Somerville Community
What does Somerville Community do?
Somerville Community Corporation develops and preserves affordable rental and ownership housing in Somerville, MA, and delivers direct-service programs including the First Source Jobs workforce program, First-Time Homebuyers and Financial Literacy classes, Digital Literacy and ESOL classes, the 100 Homes tenant stability program, and affordable artist housing at Metro 9 Lofts. The organization operates as a membership-based nonprofit CDC funded by grants, donations, and rental income, and runs community organizing efforts around housing affordability and displacement.
Is Somerville Community a public or private company?
Somerville Community is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Somerville Community founded?
Somerville Community was founded in 1969. It employs 11 to 50 people.
Where is Somerville Community based?
Somerville Community is headquartered in Somerville, United States, in the North America region.
How does Somerville Community make money?
Four revenue lines are on record. Grant Funding is the primary driver. The others are donations (CITC Program), rental Income and membership Dues.
Who are Somerville Community's main competitors?
Direct peers on record are Preservation of Affordable Housing (POAH), Asian Community Development Corporation, The Community Builders, Urban Edge Housing Corporation, Madison Park Development Corporation, Just A Start Corporation, Dorchester Bay Economic Development Corporation and B'nai B'rith Housing. Broad incumbents are Enterprise Community Partners and Local Initiatives Support Corporation (LISC).
Does Somerville Community have an API?
No public API is recorded for Somerville Community.
What industry is Somerville Community in?
Somerville Community's product category is Community Development and Affordable Housing Services. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAIANAA, Public & Affordable Housing Programs (Subsidies, Vouchers, Public Housing). Its NAICS code is 62422 and its SIC code is 8300.