Somerset Court Apartments Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 256,023 | 273,138 | −17,115 | -8.6 | 13% |
| 2015 | 261,204 | 275,424 | −14,220 | -9.1 | 14% |
| 2016 | 262,125 | 299,732 | −37,607 | -9.9 | 11% |
| 2017 | 274,117 | 303,818 | −29,701 | -10.9 | 13% |
| 2018 | 274,434 | 285,279 | −10,845 | -12.1 | 18% |
| 2019 | 282,199 | 298,850 | −16,651 | -12.2 | 19% |
| 2020 | 291,702 | 294,399 | −2,697 | -12.5 | 19% |
| 2021 | 286,057 | 304,957 | −18,900 | -12.8 | 18% |
| 2022 | 299,603 | 340,396 | −40,793 | -12.9 | 16% |
| 2023 | 304,497 | 324,518 | −20,021 | -14.3 | 21% |
In its most recent public year (2023), this organization spent $20,021 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-14.3 months), down from -8.6 in 2014. Staff pay was 21% 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 2023. 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 Court Apartments Inc's IRS filings as a feed — one entry per filing year, through 2023. 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