Nonprofit · EIN 31-1048542
SOMERSET LANE INC
Tax-exempt · COLUMBUS, OH 43219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | $244,670 | $415,007 | -$170,337 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $244,228
- Investment income
- $442
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $55,034
- Salaries, compensation and benefits (total)
- $60,552
- Professional fundraising fees
- $0
- Legal fees
- $1,949
- Accounting fees
- $13,264
- Travel
- $89
- Depreciation
- $29,937
- Program services (functional)
- $358,742
- Management and general (functional)
- $56,265
Balance sheet and other
- Total assets, start of year
- $730,873
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- $0
- Gross receipts
- $244,670
- Employees
- 2
- Volunteers
- 1
- Year formed
- 1985
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Moorhead | President Officer | 1 | $0 |
| Melissa Steel | Secretary Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 3435 STELZER ROAD, COLUMBUS, OH 43219-6004
- Principal officer (990 for 2023)
- William Moorhead, 2700 E Dublin-Granvill Rd, Columbus, OH 43231
- Signed the 990
- William Moorhead, Treasurer
- Phone
- (614) 818-4640
- Return prepared by
- Douglas L Myers & Associates
Mission
The nonprofit organization owned real estate in the form of an apartment complex for the elderly & handicapped under Section 202 The Project was sold in 2023.
Program accomplishments
- The Nonprofit organization owned real estate in the form of an apartment complex for the elderly & handicapped under section 202 of the National Housing Act. Rent supplements are received by HUD. The Project was sold in 2023.Expenses $358,742 · revenue $244,228
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1048542
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Income (IRS master file)
- $244,670
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | $244,670 | $415,007 | $0 | XML |
| 990 | December 2022 | $413,348 | $485,590 | $730,873 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1048542).
Questions about SOMERSET LANE INC
- What is the EIN of SOMERSET LANE INC?
- The employer identification number (EIN) of SOMERSET LANE INC is 31-1048542.
- Is SOMERSET LANE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to SOMERSET LANE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOMERSET LANE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOMERSET LANE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET LANE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of SOMERSET LANE INC?
- The 990 for the year ended December 31, 2023 names William Moorhead.
- Who are the officers and directors of SOMERSET LANE INC?
- The 990 for the year ended December 31, 2023 lists 2 people; 0 received compensation from the organization.
- How much revenue does SOMERSET LANE INC have?
- On its 990 for the year ended December 31, 2023 it reported revenue of $244,670, expenses of $415,007 and total assets of $0 at year end.
Other nonprofits in COLUMBUS
- BATTELLE MEMORIAL INSTITUTE EIN 31-4379427 · last filed 990 for 2025
- OHIOHEALTH CORPORATION EIN 31-4394942 · last filed 990 for 2025
- NATIONWIDE CHILDRENS HOSPITAL EIN 01-0782751 · last filed 990 for 2024
- OHIOHEALTH CORPORATION EIN 32-0007056 · last filed 990 for 2025
- NATIONWIDE CHILDRENS HOSPITAL INC EIN 31-1429047 · last filed 990 for 2021
- MOUNT CARMEL HEALTH SYSTEM EIN 31-1439334 · last filed 990 for 2025
- OHIO STATE UNIVERSITY PHYSICIANS INC EIN 31-1447726 · last filed 990 for 2025
- BUCKEYE POWER INC EIN 31-0676582 · last filed 990 for 2025