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Filing year 2024

SOMMERSET NEIGHBORHOOD INC

Oklahoma City, Oklahoma·EIN 81-0684291·NTEE L22 · Housing & Shelter·501(c)(3)
Total revenue
$2.9M
Total assets
$12.9M
Total expenses
$3M
Reported officers
4
Mission

AS AN EXPRESSION OF OUR CHRISTIAN MISSION, SOMMERSET NEIGHBORHOOD ENDEAVORS TO ENHANCE THE WELL-BEING FOR OUR RESIDENTS THROUGH QUALITY CARE AND SERVICES WITH COMPETENCE AND COMPASSION.

Reported officers (all unpaid)

No paid executives reported in 2024. SOMMERSET NEIGHBORHOOD INC reported 4 unpaid officers and board members on its 990.

Ceo/vp/secretary
Cfo/treasurer
Board Chair
Executive Director
Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at SOMMERSET NEIGHBORHOOD INC equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
2%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 168%
from 2022

From $45k in 2022 to $121k in 2023.

$45k
2022
$121k
2023
In today's dollarsEst.
Up 157% in real terms$51k to $132k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 911% from 2022 to 2023, while revenue rose 11%.

$12k in 2022 to $121k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOMMERSET NEIGHBORHOOD INC reported revenue and expenses across 3 filing years.

RevenueExpenses
$5.2M
$6.3M
2022
$5.7M
$6.4M
2023
$2.9M
$3M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn

SOMMERSET NEIGHBORHOOD INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable housing & shelter organization nationwide earns a median of $65,275.

25th percentile
$31k
Median
$65,275
75th percentile
$124k
90th percentile
$209k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 7,924 organizations across 7,924 filings (2021 – 2024).

See full Housing & Shelter compensation data

Similar Organizations

Similar sector (L)Similar revenue ($3.4M vs $2.9M)Same state (Oklahoma)
$6.8M revenue
Similar sector (L)Same state (Oklahoma)Similar median compensation ($20k vs $21k)Similar size (13 vs 14 executives)
$4.3M revenue
Similar sector (L)Comparable revenue ($4.3M vs $2.9M)Same state (Oklahoma)
$5.2M revenue
Similar sector (L)Same state (Oklahoma)Comparable compensation levels
$5.1M revenue
Similar sector (L)Same state (Oklahoma)Comparable compensation levels
$8.1M revenue
Similar sector (L)Same state (Oklahoma)
FAQ

Common questions about SOMMERSET NEIGHBORHOOD INC

What are SOMMERSET NEIGHBORHOOD INC's revenue and expenses?

In 2024, SOMMERSET NEIGHBORHOOD INC reported $2.9M in total revenue and $3M in total expenses on its IRS Form 990.

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