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← SOMMERSET NEIGHBORHOOD INCORPORATED

Form 990 for tax year 2024

Filed by SOMMERSET NEIGHBORHOOD INCORPORATED.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 11 August 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,915,147 changed to $2,773,999
Total expenses
$3,025,543 changed to $1,255,869
Program service revenue
$2,878,447 changed to $987,111
Investment income
$34,947 changed to $1,786,373
Other revenue
$1,753 changed to $515
Total assets, end of year
$12,882,224 changed to $0
Total liabilities, end of year
$14,405,416 changed to $0
Net assets or fund balances, end of year
-$1,523,192 changed to $0
Program services expenses
$1,688,553 changed to $942,039
Management and general expenses
$1,336,990 changed to $313,830
Program service expenses (Part III)
$1,688,553 changed to $942,039

Listed only on the earlier return

  • Angie Julian
  • E Deann Eaton
  • Marie Trigg

Listed only on the later return

  • Doug Wilson
  • Terri Shirrod
  • Tim Sheahan

Totals

Total revenue
$2,915,147
Total expenses
$3,025,543
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,878,447
Investment income
$34,947
Other revenue
$1,753
Total assets, end of year
$12,882,224
Total liabilities, end of year
$14,405,416
Net assets or fund balances, end of year
-$1,523,192
Program services expenses (Part IX)
$1,688,553
Management and general expenses
$1,336,990
Fundraising expenses
$0
Program service expenses (Part III)
$1,688,553

Program services were 55.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RESIDENT HEALTHCARE SE

    total $2,878,447 · related or exempt $2,878,447

  • 3 · Investment income

    total $2,250 · excluded $2,250

  • 4 · Income from investment of tax-exempt bond proceeds

    total $34,007 · excluded $34,007

  • 7b · Less cost or other basis and sales expenses

    securities $1,310

  • 7c · Gain or loss

    securities -$1,310

  • 7d · Net gain or loss

    total -$1,310 · excluded -$1,310

  • 11a · Other revenue: MEAL REVENUE

    total $1,045 · excluded $1,045

  • 11b · Other revenue: OTHER RESIDENT SERVICE

    total $543 · excluded $543

  • 11c · Other revenue: GENERAL STORE

    total $165 · excluded $165

  • 11e · Other revenue, total

    $1,753

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,410,522 · program services $773,213 · management and general $637,309

  • 8 · Pension plan contributions

    total $3,522 · program services $1,931 · management and general $1,591

  • 9 · Other employee benefits

    total $175,028 · program services $95,946 · management and general $79,082

  • 10 · Payroll taxes

    total $93,184 · program services $51,081 · management and general $42,103

  • 11b · Fees: legal

    total $40,203 · management and general $40,203

  • 11c · Fees: accounting

    total $22,768 · management and general $22,768

  • 11f · Fees: investment management

    total $17,738 · management and general $17,738

  • 11g · Fees: other

    total $93,731 · program services $50,896 · management and general $42,835

  • 12 · Advertising and promotion

    total $35,965 · program services $4,023 · management and general $31,942

  • 13 · Office expenses

    total $109,563 · program services $69,922 · management and general $39,641

  • 14 · Information technology

    total $9,533 · program services $1,066 · management and general $8,467

  • 16 · Occupancy

    total $104,552 · program services $14,130 · management and general $90,422

  • 17 · Travel

    total $7,111 · program services $795 · management and general $6,316

  • 20 · Interest

    total $661,969 · program services $661,969

  • 22 · Depreciation, depletion and amortization

    total -$71,254 · program services -$71,254

  • 23 · Insurance

    total $76,020 · program services $8,504 · management and general $67,516

  • 24a · Other expenses: DIETARY

    total $185,964 · program services $20,802 · management and general $165,162

  • 24b · Other expenses: CHARITY CARE

    total $15,802 · program services $1,768 · management and general $14,034

  • 24c · Other expenses: EQUIPMENT REPAIRS & MAI

    total $13,056 · program services $1,460 · management and general $11,596

  • 24d · Other expenses: MISC.

    total $12,726 · program services $1,423 · management and general $11,303

  • 24e · All other expenses

    total $7,840 · program services $878 · management and general $6,962

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $152,578 · end of year $171,110

  • 2 · Savings and temporary cash investments

    beginning of year $1,513,316 · end of year $1,364,316

  • 4 · Accounts receivable

    beginning of year $9,261 · end of year $22,424

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,285 · end of year $62,370

  • 10a · Land, buildings and equipment: cost or other basis

    $8,393,308

  • 10b · Land, buildings and equipment: accumulated depreciation

    $195,684

  • 10c · Land, buildings and equipment, net

    beginning of year $10,948,795 · end of year $8,197,624

  • 14 · Intangible assets

    beginning of year $0 · end of year $3,064,380

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $545,048 · end of year $549,397

  • 20 · Tax-exempt bond liabilities

    beginning of year $12,715,500 · end of year $11,059,680

  • 25 · Other liabilities

    beginning of year $2,592,287 · end of year $2,796,339

  • 27 · Net assets without donor restrictions

    beginning of year -$3,224,600 · end of year -$1,523,192

Mission and programs · 2024

Mission

AS AN EXPRESSION OF OUR CHRISTIAN MISSION, SOMMERSET NEIGHBORHOOD ENDEAVORS TO ENHANCE THE WELL-BEING FOR OUR RESIDENTS THROUGH QUALITY CARE AND SERVICES WITH COMPETENCE AND COMPASSION.

Activities or mission (Part I)

TO ENHANCE THE WELL-BEING FOR OUR RESIDENTS THROUGH QUALITY CARE AND SERVICES.

  • SOMMERSET NEIGHBORHOOD, INC. (SOMMERSET) IS AN OKLAHOMA NONPROFIT FORMED IN FISCAL YEAR 2016 FOR THE PURPOSE OF OPERATING AN ASSISTED LIVING AND MEMORY CARE FACILITY IN OKLAHOMA CITY, OKLAHOMA, WHICH INCLUDES 106 ASSISTED LIVING BEDS AND 20 UNITS OF MEMORY CARE.

    Expenses $1,688,553 · Revenue $2,878,447

As filed on the 2024 return.

Listed in Part VII

  • E Deann Eaton

    CEO/VP/SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Angie Julian

    CFO/TREASURER

    Total calculated
    $0
    Hours/week
    0 + 40 related

  • Marie Trigg

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jessica Guillory

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRS MANAGEMENT INC

    C · MANAGEMENT SERVICES · OR

Provenance

Return type
form_990
Tax year
2024
Filed
13 August 2025
IRS schema version
2024v5.2
Source object
202532269349302253

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