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Filing year 2024

SOMERVILLE COMMUNITY LAND TRUST INC

Somerville, Massachusetts·EIN 83-4461699·NTEE L50 · Housing & Shelter·501(c)(3)
Total revenue
$541k
Total assets
$3.8M
Total expenses
$360k
Reported officers
10
Mission

SCLT PROMOTES NEIGHBORHOOD STABILITY AND ENGAGEMENT THROUGH THE CREATION & PRESERVATION OF PERMANENTLY AFFORDABLE HOUSING BY OFFERING DEEPLY SUBSIDIZED HOMEOWNERSHIP OPPORTUNITIES TO LOW-INCOME RESIDENTS.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Massachusetts.

Executive Director
Median to 75th percentile
$94k
$100k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 9 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOMERVILLE COMMUNITY LAND TRUST INC equaled 26% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
26%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Climbed 119%
over 2 years

From $43k in 2022 to $94k in 2024.

$43k
2022
$91k
2023
$94k
2024
In today's dollarsEst.
Up 105% in real terms$49k to $100k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 119% from 2022 to 2024, while revenue rose 100%.

$43k in 2022 to $94k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SOMERVILLE COMMUNITY LAND TRUST INC

What does the Chief Executive Officer of SOMERVILLE COMMUNITY LAND TRUST INC earn?

In 2024, the Chief Executive Officer of SOMERVILLE COMMUNITY LAND TRUST INC received $93,727 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Massachusetts, within the top half of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOMERVILLE COMMUNITY LAND TRUST INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Massachusetts, the 2024 pay of the Chief Executive Officer at SOMERVILLE COMMUNITY LAND TRUST INC falls between the median and the 75th percentile. In 2024, the highest total compensation at SOMERVILLE COMMUNITY LAND TRUST INC equaled 26% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are SOMERVILLE COMMUNITY LAND TRUST INC's revenue and expenses?

In 2024, SOMERVILLE COMMUNITY LAND TRUST INC reported $541k in total revenue and $360k in total expenses on its IRS Form 990.

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