Somerset Villas Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,497,950 | 1,156,041 | 341,909 | -16.7 | 10% |
| 2012 | 1,793,612 | 1,333,826 | 459,786 | -9.2 | 10% |
| 2013 | 1,098,026 | 1,344,847 | −246,821 | -11.3 | 9% |
| 2014 | 1,041,724 | 1,352,352 | −310,628 | -14.0 | 9% |
| 2015 | 1,041,018 | 1,347,385 | −306,367 | -16.8 | 13% |
| 2016 | 1,046,619 | 1,344,517 | −297,898 | -19.5 | 13% |
| 2017 | 1,061,863 | 1,174,646 | −112,783 | -23.5 | 14% |
| 2018 | 1,090,486 | 1,110,072 | −19,586 | -25.0 | 12% |
| 2019 | 1,100,626 | 1,183,679 | −83,053 | -24.3 | 14% |
| 2020 | 1,125,115 | 1,168,999 | −43,884 | -25.1 | 15% |
| 2021 | 1,132,525 | 1,212,019 | −79,494 | -25.0 | 15% |
| 2022 | 1,174,531 | 1,236,882 | −62,351 | -25.1 | 15% |
| 2023 | 1,173,102 | 1,279,917 | −106,815 | -25.2 | 17% |
| 2024 | 1,262,399 | 1,386,422 | −124,023 | -24.4 | 17% |
In its most recent public year (2024), this organization spent $124,023 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-24.4 months), down from -16.7 in 2011. Staff pay was 17% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Somerset Villas Inc's IRS filings as a feed — one entry per filing year, through 2024. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works