SOMERSET HOME OWNERSHIP COMMISSION INC

EIN: 311540596 501(c)(3) Housing & Shelter

SOMERSET, KY

Total Revenue
N/A
Total Expenses
$25,482
Total Assets
$184,686
Net Assets
$-7,039
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Principal Officer
FRANCES SMITH
Phone
6066791332
Tax Period
2024-01-01 to 2024-12-31

Mission

THE COMMISSION WORKS TO PROVIDE OPPORTUNITITES FOR THE PURCHASE OF AFFORDABLE SINGLE-FAMILY HOUSING AND THE REVITALIZATION OF NEIGHBORHOODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $23,765
Other Expenses $25,482
TOTAL EXPENSES $25,482

Year-over-Year Comparison

2024 2023 Change
Revenue N/A N/A N/A
Expenses $25,482 $28,801 -0.1%
Net Income N/A $-28,801 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN HAYFORD PRESIDENT 2.00
Officer Director
$0 $0 $0
BARBARA CHANEY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
FRANCES SMITH SECRETARY/TR 2.00
Officer Director
$0 $0 $0
BERNICE JONES DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data $25,482 $184,686 No data
2023 No data $28,801 $222,570 No data
2022 $50 $16,166 $263,148 $-16,116
2021 $34,000 $16,906 $291,156 $17,094
2020 $25,824 $16,742 $328,418 $9,082
2019 $30,735 $29,967 $334,775 $768
2018 $85,318 $24,248 $420,661 $61,070
Explore More Nonprofits
→Top 100 Nonprofits in Kentucky →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOMERSET HOME OWNERSHIP COMMISSION INC with other nonprofits in Kentucky and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.