Overview
What is Sommerset Place?
Sommerset Place is a nonprofit organization dedicated to providing multifamily housing options for individuals with low income, adhering to HUD guidelines. Their primary mission is to ensure affordable living spaces for numerous families, thereby contributing to the community's social fabric. The organization's activities center around supplying low-income housing in a multifamily setup.
Official website here: www.sommersetplace.new
Is Sommerset Place legitimate?
Sommerset Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sommerset Place submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,761
For more financial information, click here
Official website here: www.sommersetplace.new
What is the mission statement of Sommerset Place?
Sommerset Place's mission is centered around providing housing for families with low income. According to their statement, their objective is to offer multifamily housing that adheres to the guidelines set by the U.S. Department of Housing and Urban Development (HUD). This mission is repeated multiple times in their description, emphasizing their commitment to this cause. By providing such housing, Sommerset Place aims to contribute to the well-being of low-income families, ensuring they have a place to call home.
Official website here: www.sommersetplace.new
Who is the CEO of Sommerset Place?
Paula Brozek is the President of Sommerset Place.
Official website here: www.sommersetplace.new
What is the revenue of Sommerset Place?
Sommerset Place's revenue in 2022 was $354,303.
Official website here: www.sommersetplace.new
Who are the executives of Sommerset Place and what are their salaries?
The average compensation at Sommerset Place during 2022 was $45,761. There is 1 employee at Sommerset Place.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sommersetplace.new
Where can I find the form 990 for Sommerset Place?
Sommerset Place's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sommersetplace.new
Learn more at the official website: www.sommersetplace.new
Mission Statement of Sommerset Place
Sommerset Place, a nonprofit organization, is committed to providing multifamily housing for individuals and families who fall under the low-income category. Adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD), Sommerset Place ensures that the housing it offers meets these standards. The organization's primary mission is to make multifamily low-income housing readily available, thereby contributing to the betterment of the community by providing a stable living environment for those in need. This mission is achieved by adhering to the multifamily low-income housing guidelines, thereby ensuring that the housing provided is suitable and affordable for low-income families.
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Impact
October, 2024
Sommerset Place plays a critical role in addressing the housing needs of low-income families in Auburn, Kansas. By offering multifamily housing options that adhere to HUD guidelines, Sommerset Place ensures that affordable living spaces are accessible to those who might otherwise struggle to find a suitable home.
The impact of this initiative is significant, as it helps to alleviate housing insecurity in the community, fostering stability for families and individuals. Access to safe, affordable housing contributes to better quality of life, enabling residents to allocate resources to other essential needs such as education, health care, and employment. Moreover, by creating a supportive living environment, Sommerset Place promotes community cohesion and inclusivity, enhancing social ties among residents.
In summary, Sommerset Place not only provides essential housing solutions but also nurtures the growth and well-being of the community it serves.
This information is meant to be a general summary of Sommerset Place. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4
- Program Service Revenue: $344,484
- Gross Receipts: $354,303
Assets and Liabilities:
- Total Assets: $324,373
- Total Liabilities: $205,619
- Net Assets: $118,754
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$337,897
INSURANCE PROCEEDS
Revenue
$6,587
Organization Details
Founding Year
1972
Phone
(785) 272-0965Principal Officer
Paula Brozek
Main Address
PO Box 247, Auburn, KS, 66402
Website
www.sommersetplace.newNTEE Category
Code: L20Z - Housing
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