Sommerset Place

Type of Nonprofit: Sommerset Place is a nonprofit organization designated for purposes related to housing, shelter, housing development, construction, and management[1].

Category: It falls under the National Taxonomy of Exempt Entities (NTEE) category of Housing, Shelter; specifically for housing development, construction, and management[1].

Tax Deductibility: Donations to Sommerset Place are tax deductible, aligning with its nonprofit status[1].

Financial Overview

As of 2023, Sommerset Place reported a revenue of $373,000, with expenses totaling $352,000. The organization's total assets stood at $314,000, while total liabilities were $174,000[1]. Historically, the organization's revenue has primarily come from program services[1].

Governance

Key roles in the organization, such as President, Vice President, and Treasurer, have been held by individuals including Paula Brozek, Jeff Keller, and Kathleen Chacon, none of whom received compensation in the available records[1].

Purpose and Activities

While specific details about Sommerset Place's activities and mission are not provided in the available information, it generally focuses on housing-related services. Nonprofits in its category often provide affordable housing options, manage rental properties, or engage in construction projects to support community needs.

Sommerset Place operates as part of a broader sector that includes various housing development and management organizations, each contributing uniquely to local community development and housing availability.