Nonprofit · EIN 31-1540596
SOMERSET HOME OWNERSHIP COMMISSION INC
Tax-exempt · SOMERSET, KY 42502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $25,526 | -$25,526 | $145,176 | $177,741 | -$32,565 |
| December 31, 2024 | 990 | $0 | $25,482 | -$25,482 | $184,686 | $191,725 | -$7,039 |
| December 31, 2023 | 990 | $0 | $28,801 | -$28,801 | $222,570 | $204,127 | $18,443 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,400
- Program services (functional)
- $24,126
- Management and general (functional)
- $1,400
Balance sheet and other
- Total assets, start of year
- $184,686
- Total assets, end of year
- $145,176
- Total liabilities, end of year
- $177,741
- Net assets, end of year
- -$32,565
- Net assets without donor restrictions
- -$32,565
- Gross receipts
- $0
- Employees
- 0
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN HAYFORD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BARBARA CHANEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| FRANCES SMITH | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| BERNICE JONES | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN HAYFORD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BARBARA CHANEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| FRANCES SMITH | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| BERNICE JONES | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KEN HAYFORD | PRESIDENT Trustee or director, Officer | 2 | $0 |
| BARBARA CHANEY | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
| FRANCES SMITH | SECRETARY/TR Trustee or director, Officer | 2 | $0 |
| BERNICE JONES | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 449, SOMERSET, KY 42502-0449
- In care of
- % EDWARD R GIRDLER
- Principal officer (990 for 2025)
- FRANCES SMITH, 504 MEADOWLARK DRIVE, SOMERSET, KY 42503
- Signed the 990
- FRANCES SMITH, SECRETARY/TREASURER
- Phone
- (606) 679-1332
- Return prepared by
- EVANS HARVILLE ATWELL & CO CPAS PLLC
Mission
THE COMMISSION WORKS TO PROVIDE OPPORTUNITITES FOR THE PURCHASE OF AFFORDABLE SINGLE-FAMILY HOUSING AND THE REVITALIZATION OF NEIGHBORHOODS.
Program accomplishments
- THE COMMISSION WORKS TO PROVIDE OPPORTUNITITES FOR THE PURCHASE OF AFFORDABLE SINGLE-FAMILY HOUSING AND THE REVITALIZATION OF NEIGHBORHOODS.Expenses $24,126
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1540596
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $145,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $25,526 | $145,176 | IRS |
| 990 | December 2024 | $0 | $25,482 | $184,686 | XML |
| 990 | December 2023 | $0 | $28,801 | $222,570 | XML |
| 990 | December 2022 | $50 | $16,166 | $263,148 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 31-1540596).
Questions about SOMERSET HOME OWNERSHIP COMMISSION INC
- What is the EIN of SOMERSET HOME OWNERSHIP COMMISSION INC?
- The employer identification number (EIN) of SOMERSET HOME OWNERSHIP COMMISSION INC is 31-1540596.
- Is SOMERSET HOME OWNERSHIP COMMISSION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to SOMERSET HOME OWNERSHIP COMMISSION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SOMERSET HOME OWNERSHIP COMMISSION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOMERSET HOME OWNERSHIP COMMISSION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOMERSET HOME OWNERSHIP COMMISSION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SOMERSET HOME OWNERSHIP COMMISSION INC?
- The 990 for the year ended December 31, 2025 names FRANCES SMITH.
- Who are the officers and directors of SOMERSET HOME OWNERSHIP COMMISSION INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does SOMERSET HOME OWNERSHIP COMMISSION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $25,526 and total assets of $145,176 at year end.
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