Civic Intelligence

Sommerset Place

990 • Fiscal year 2015 • EIN 48-0797672

Jun 01, 2014 to May 31, 2015 • Filed on Feb 08, 2016

Organization Profilewww.sommersetplace.net
PO Box 1884Topeka, KS 66601

(785) 272-0965

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

82nd percentile

0.20x

Higher debt load relative to assets than 82% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Liabilities / Revenue

82nd percentile

0.11x

Higher debt load relative to revenue than 82% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

78th percentile

31%

Faster asset growth than 78% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

49th percentile

0.1%

Faster revenue growth than 49% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$189,045

Up $44,488 (+31%) from 2014

Net Assets

Up

$150,997

Up $50,765 (+51%) from 2014

Liabilities

Down

$38,048

Down $6,277 (-14%) from 2014

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin68th percentile

Revenue

Up

$335,008

Up $381 (+0.1%) from 2014

Expenses

Down

$291,693

Down $34,339 (-11%) from 2014

Net Income

Up

$43,315

Up $34,720 (+404%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth78th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2011: $212,572Liabilities 2011: $188,209Net Assets 2011: $24,3632011Assets 2012: $192,682Liabilities 2012: $124,526Net Assets 2012: $68,1562012Assets 2013: $156,867Liabilities 2013: $65,230Net Assets 2013: $91,6372013Assets 2014: $144,557Liabilities 2014: $44,325Net Assets 2014: $100,2322014Assets 2015: $189,045Liabilities 2015: $38,048Net Assets 2015: $150,9972015Assets 2016: $194,885Liabilities 2016: $38,218Net Assets 2016: $156,6672016Assets 2017: $186,860Liabilities 2017: $34,517Net Assets 2017: $152,3432017Assets 2018: $240,770Liabilities 2018: $100,042Net Assets 2018: $140,7282018Assets 2019: $400,885Liabilities 2019: $293,436Net Assets 2019: $107,4492019Assets 2020: $376,707Liabilities 2020: $265,490Net Assets 2020: $111,2172020Assets 2022: $324,373Liabilities 2022: $205,619Net Assets 2022: $118,7542022Assets 2023: $314,242Liabilities 2023: $174,058Net Assets 2023: $140,1842023Assets 2024: $680,429Liabilities 2024: $197,886Net Assets 2024: $482,5432024

Highlighted filing

2015

Assets$189,045
Liabilities$38,048
Net Assets$150,997
Open 2015 Filing

Operations Trend

Revenue Growth49th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2011: $306,2872011Expenses 2012: $318,1172012Revenue 2013: $362,492Expenses 2013: $339,011Net Income 2013: $23,4812013Revenue 2014: $334,627Expenses 2014: $326,032Net Income 2014: $8,5952014Revenue 2015: $335,008Expenses 2015: $291,693Net Income 2015: $43,3152015Revenue 2016: $318,639Expenses 2016: $312,969Net Income 2016: $5,6702016Revenue 2017: $303,442Expenses 2017: $310,965Net Income 2017: -$7,5232017Revenue 2018: $307,909Expenses 2018: $319,524Net Income 2018: -$11,6152018Revenue 2019: $306,640Expenses 2019: $339,919Net Income 2019: -$33,2792019Revenue 2020: $308,441Expenses 2020: $304,673Net Income 2020: $3,7682020Revenue 2022: $354,303Expenses 2022: $371,866Net Income 2022: -$17,5632022Revenue 2023: $373,195Expenses 2023: $351,765Net Income 2023: $21,4302023Revenue 2024: $737,726Expenses 2024: $395,367Net Income 2024: $342,3592024

Highlighted filing

2015

Revenue$335,008
Expenses$291,693
Net Income$43,315
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2014 to May 31, 2015
Signed
Feb 8, 2016
Return Version
2014v6.0
Gross Receipts
$335,008
Mission and Program Overview

Mission

To provide mulitfamily low income housing

To provide multifamily low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$100,232$150,997▲ $50,765
Savings and Temporary Cash Investments-$85,041-
Land, Buildings, and Equipment, Net$62,377$70,793▲ $8,416
Cash and Non-Interest-Bearing Accounts$74,931$25,592▼ $49,339
Prepaid Expenses and Deferred Charges$7,249$7,577▲ $328
Accounts Receivable-$42-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$144,557$189,045▲ $44,488
Other Assets Total-$0-
Liabilities
Other Liabilities$29,815$25,630▼ $4,185
Accounts Payable and Accrued Expenses$14,510$12,418▼ $2,092
Total Liabilities$44,325$38,048▼ $6,277
Net Assets / Fund Balance
Total Net Assets Fund Balance$100,232$150,997▲ $50,765
Total Liabilities and Net Assets / Fund Balance$144,557$189,045▲ $44,488

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$70,793$1,159,938$1,230,731
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Paula BrozekPresident
Jeff KellerVice President
Kathleen ChaconTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$334,967
Investment Income
$41
Other Revenue
$0
Change in Net Assets
$43,315

Audited Revenue Reconciliation

Revenue per Audited Statements
$334,967
Revenue Not Reported on Financial Statements
$41
Other Revenue Adjustments
$41
Total Revenue per Audited Statements
$334,967
Total Revenue per Form 990
$335,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$221,495
Salaries, Compensation, and Employee Benefits$70,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$63,422--$63,422
Insurance$23,460--$23,460
Fees for Services Management-$22,078-$22,078
Depreciation Depletion$13,891--$13,891
Fees for Services Accounting-$8,975-$8,975
Other Employee Benefits$6,776--$6,776
Other Expenses$1,917$2,066-$1,917
Office Expenses-$1,802-$1,802
Advertising-$492-$492
All Other Expenses-$428-$428
Fees for Services Legal-$143-$143
Total Functional Expenses$255,709$35,984$0$291,693

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$291,693
Expenses per Audited Statements$291,652
Total Expenses per Audited Statements$291,652
Expenses Not Reported on Financial Statements$41
Other Expense Adjustments$41
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$23,966
Accrued Payroll Taxes$1,445
State W/h Tax$170
Accrued Unemployment Tax$49
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“VOLUNTEER DIRECTORS”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board will review the 990 prior to filing.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Sommerset Place
EIN
48-0797672
Phone
7852720965
Address
PO BOX 1884, TOPEKA, KS 66601

Signing Officer

Name
Paula Brozek
Title
President
Signed
2016-02-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paula Brozek
Formed
1972
Legal Domicile
Ks
Voting Board Members
3
Independent Board Members
3
Employees
4
Volunteers
3

Preparer

Firm
Mize Houser & Company Pa
Address
534 S KANSAS AVE 400, TOPEKA, KS 66603-3454
Preparer
Yvonne G Brownell
Phone
7852330536
Supplemental Narrative

Additional Explanations

Change to Mission Statement

“The organization's hud loan was paid off in june, 2013. Therefore, the reference to "hud guideline" has been removed from the organization's mission statement in part i and part iii of the form 990. While our organization is no longer required to follow hud operating guidelines and requirements, we continue to provide low income housing and operate in the same manner as previously required under hud guidelines.”

Financial Statement Notes

Part XI, Line 4B: Other revenue amounts included on 990 but not included in F/S

“INTEREST INCOME $41”

Part XII, Line 4B: Other revenue amounts included on 990 but not included in F/S

“Interest offset of other expenses $41”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0334967
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0334625
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0321981
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0322079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0314840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01628492
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt05
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt091
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt01748943
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0334967
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0334625
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0362488
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0361905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0354958
IRS990ScheduleA/Total509Grp/TotalAmt01748943
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0335008
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0334627
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0362492
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0361910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0354997
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01749034
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt070793
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01159938
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01230731
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt041
IRS990ScheduleD/ExpensesSubtotalAmt0291652
IRS990ScheduleD/OtherExpensesNotIncludedAmt041
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt149
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt223966
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3170
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED UNEMPLOYMENT TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3STATE W/H TAX
IRS990ScheduleD/OtherRevenuesNotIncludedAmt041
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt041
IRS990ScheduleD/RevenueSubtotalAmt0334967
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INTEREST INCOME $41
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INTEREST OFFSET OF OTHER EXPENSES $41
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S
IRS990ScheduleD/TotalBookValueLandBuildingsAmt070793
IRS990ScheduleD/TotalExpensesPerForm990Amt0291693
IRS990ScheduleD/TotalLiabilityAmt025630
IRS990ScheduleD/TotalRevenuePerForm990Amt0335008
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0334967
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0291652
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEER DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD WILL REVIEW THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S HUD LOAN WAS PAID OFF IN JUNE, 2013. THEREFORE, THE REFERENCE TO "HUD GUIDELINE" HAS BEEN REMOVED FROM THE ORGANIZATION'S MISSION STATEMENT IN PART I AND PART III OF THE FORM 990. WHILE OUR ORGANIZATION IS NO LONGER REQUIRED TO FOLLOW HUD OPERATING GUIDELINES AND REQUIREMENTS, WE CONTINUE TO PROVIDE LOW INCOME HOUSING AND OPERATE IN THE SAME MANNER AS PREVIOUSLY REQUIRED UNDER HUD GUIDELINES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CHANGE TO MISSION STATEMENT
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0144557
IRS990/TotalAssetsEOYAmt0189045
IRS990/TotalAssetsGrp/BOYAmt0144557
IRS990/TotalAssetsGrp/EOYAmt0189045
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035984
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0255709
IRS990/TotalFunctionalExpensesGrp/TotalAmt0291693
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt044325
IRS990/TotalLiabilitiesEOYAmt038048
IRS990/TotalLiabilitiesGrp/BOYAmt044325
IRS990/TotalLiabilitiesGrp/EOYAmt038048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0100232
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0150997
IRS990/TotalProgramServiceExpensesAmt0255709
IRS990/TotalProgramServiceRevenueAmt0334967
IRS990/TotalRevenueGrp/ExclusionAmt041
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334967
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0335008
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0144557
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0189045
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02325 CLEVELAND
IRS990/USAddress/CityNm0GREAT BEND
IRS990/USAddress/StateAbbreviationCd0KS
IRS990/USAddress/ZIPCd067530
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0www.sommersetplace.net
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-08-17 19:52:53Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAULA BROZEK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-02-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOMMERSET PLACE
ReturnHeader/Filer/BusinessNameControlTxt0SOMM
ReturnHeader/Filer/EIN0480797672
ReturnHeader/Filer/PhoneNum07852720965

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$189,045
Liabilities
$38,048
Net assets
$150,997
Revenue
$335,008
Expenses
$291,693
Net income
$43,315
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.80$1.98$4.83$7.38$3.95$3.42
2023Detailed filing. Detailed filing data is available for this year.$3.14$1.74$1.40$3.73$3.52$0.21
2022Detailed filing. Detailed filing data is available for this year.$3.24$2.06$1.19$3.54$3.72$0.18
2020Detailed filing. Detailed filing data is available for this year.$3.77$2.65$1.11$3.08$3.05$0.04
2019Detailed filing. Detailed filing data is available for this year.$4.01$2.93$1.07$3.07$3.40$0.33
2018Detailed filing. Detailed filing data is available for this year.$2.41$1.00$1.41$3.08$3.20$0.12
2017Detailed filing. Detailed filing data is available for this year.$1.87$0.35$1.52$3.03$3.11$0.08
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.38$1.57$3.19$3.13$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.89$0.38$1.51$3.35$2.92$0.43
2014Detailed filing. Detailed filing data is available for this year.$1.45$0.44$1.00$3.35$3.26$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.57$0.65$0.92$3.62$3.39$0.23
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.93$1.25$0.68$3.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.13$1.88$0.24$3.06