SOMERSET COURT APARTMENTS INC

Address
448 DEPOT STREET
CHRISTIANSBURG, VA 24073
Contact
Phone: +1 (540) 382-2002
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 37-1746430

Mission

LOW INCOME HOUSING
 201620152014
Basic features of the organization
Year of formation2013
Subsection code03
PF filing required0  
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00 
Number of employees00 
Number of people compensated >$100k00 
Number of volunteers00 
Number of highly compensated contractors00 
Personnel
Artze, Orlando
Title VICE PRESIDENT 
Name of key/compensated person ORLANDO ARTZE 
Position of compensated person
Current officer True 
Average hours per week working for org 1.00 
Reportable compensation from org $0.00 
Breakdown of reportable comp
Base reportable compensation from org $0.00 
Bonus and incentive reportable compensation $0.00 
Other reportable compensation from org $0.00 
Retirement and other deferred compensation $0.00 
Nontaxable benefits from org $0.00 
Compensation from org previously reported as deferred $0.00 
Other comp, non-reportable, from org and related orgs $11,650.00 
Sum of all compensation from org $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $188,376.00 
Burr, Gerald
TitleMEMBERMEMBER 
Name of key/compensated personGERALD BURR JRGERALD BURR JR 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Callahan, Rence
TitleMEMBERMEMBER 
Name of key/compensated personRENCE CALLAHANRENCE CALLAHAN 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Casper, Janaka
TitlePRESIDENT/CEOPRESIDENT/CEO 
Name of key/compensated personJANAKA CASPERJANAKA CASPER 
Position of compensated person
Current officerTrueTrue 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00 
Other reportable compensation from org$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00 
Nontaxable benefits from org$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00 
Other comp, non-reportable, from org and related orgs$39,344.00$17,539.00 
Sum of all compensation from org$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $368,751.00$318,405.00 
Castilla, Anna
TitleMEMBER  
Name of key/compensated personANNA CASTILLA  
Position of compensated person
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Famuliner, Charles
TitleMEMBERMEMBER 
Name of key/compensated personCHARLES FAMULINERCHARLES FAMULINER 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Garland, John
TitleMEMBERMEMBER 
Name of key/compensated personJOHN GARLANDJOHN GARLAND 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Hall, Andy
TitleEXECUTIVE VICE PRESIDENT/CAO  
Name of key/compensated personANDY HALL  
Position of compensated person
Current officerTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Breakdown of reportable comp
Base reportable compensation from org$0.00  
Bonus and incentive reportable compensation$0.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$0.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$18,416.00  
Sum of all compensation from org$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $160,814.00  
Harris, Greta
Title MEMBER 
Name of key/compensated person GRETA HARRIS 
Position of compensated person
Average hours per week working for org 1.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Harrison, James
TitleMEMBERMEMBER 
Name of key/compensated personREV JAMES M HARRISONREV JAMES M HARRISON 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Hayes, Keith
TitleMEMBERMEMBER 
Name of key/compensated personKEITH HAYESKEITH HAYES 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
McCoy, Andrew
TitleMEMBERMEMBER 
Name of key/compensated personANDREW MCCOYANDREW MCCOY 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
McMahon, Shawn
TitleMEMBERMEMBER 
Name of key/compensated personSHAWN MCMAHONSHAWN MCMAHON 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Morikawa, Andrew
TitleMEMBERBOARD CHAIR 
Name of key/compensated personANDREW MORIKAWAANDREW MORIKAWA 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Randolph, John
TitleBOARD CHAIRVICE CHAIR 
Name of key/compensated personJOHN RANDOLPHJOHN RANDOLPH 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Reddie, Racquel
TitleMEMBER  
Name of key/compensated personRACQUEL REDDIE  
Position of compensated person
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Reed, Jeffrey
TitleSECRETARY/TREASURERSECRETARY/TREASURER 
Name of key/compensated personJEFFREY K REEDJEFFREY K REED 
Position of compensated person
Current officerTrueTrue 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00 
Bonus and incentive reportable compensation$0.00$0.00 
Other reportable compensation from org$0.00$0.00 
Retirement and other deferred compensation$0.00$0.00 
Nontaxable benefits from org$0.00$0.00 
Compensation from org previously reported as deferred$0.00$0.00 
Other comp, non-reportable, from org and related orgs$39,417.00$18,115.00 
Sum of all compensation from org$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $228,090.00$177,704.00 
Sisk, Susan
TitleVICE CHAIRMEMBER 
Name of key/compensated personSUSAN SISKSUSAN SISK 
Position of compensated person
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Thompson, Doug
TitleMEMBER  
Name of key/compensated personDOUG THOMPSON  
Position of compensated person
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Thurlow, Kim
TitleMEMBER  
Name of key/compensated personKIM THURLOW  
Position of compensated person
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Turner, Karen
TitleEXECUTIVE VICE PRESIDENT/CBDO  
Name of key/compensated personKAREN TURNER  
Position of compensated person
Current officerTrue  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Breakdown of reportable comp
Base reportable compensation from org$0.00  
Bonus and incentive reportable compensation$0.00  
Other reportable compensation from org$0.00  
Retirement and other deferred compensation$0.00  
Nontaxable benefits from org$0.00  
Compensation from org previously reported as deferred$0.00  
Other comp, non-reportable, from org and related orgs$15,796.00  
Sum of all compensation from org$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $172,775.00  
Purpose: mission, activities, & accomplishments
Mission or significant activitiesLOW INCOME HOUSINGLOW INCOME HOUSING 
Program service expenses, total$299,732.00$275,424.00 
Programs, including revenue & expenses
OPERATED A 48 UNIT APARTMENT COMPLEX LOCATED IN WILSON, NORTH CAROLINA.
Program expenses$299,732.00$275,424.00 
Program revenue$261,450.00$260,394.00 
Program descriptionOPERATED A 48 UNIT APARTMENT COMPLEX LOCATED IN WILSON, NORTH CAROLINA.OPERATED A 48 UNIT APARTMENT COMPLEX LOCATED IN WILSON, NORTH CAROLINA. 
Financial data
Revenue
Total revenue$262,125.00$261,204.00 
Revenue from contributions (total) $0.00$0.00
Investment income, current yr$675.00$810.00 
Total revenue from grants, etc., current yr$0.00$0.00 
Total unrelated business revenue$0.00$0.00 
Other revenue, current yr$0.00$0.00 
Net unrelated business taxable revenue$0.00$0.00 
Program service revenue (total)$261,450.00$260,394.00$255,055.00
Gross receipts$262,125.00$261,204.00 
Other types of revenue
Income from dividends, interest, and similar investments$675.00$810.00 
Net rental income $0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$299,732.00$275,424.00 
Total functional expenses: program service $299,732.00$275,424.00 
Total functional expenses: management and general$0.00$0.00 
Total functional expenses: fundraising$0.00$0.00 
Fees for services
Legal fees (total)$6,869.00$4,239.00 
Fundraising service fees (total)$0.00$0.00 
General management fees (total)$18,530.00$19,205.00 
Assets and liabilities
Total assets$1,114,080.00$1,230,286.00$1,263,194.00
Total assets, beginning of year$1,230,286.00$1,263,194.00 
Total liabilities$1,360,870.00$1,439,469.00$1,458,157.00
Total liabilities, beginning of year$1,439,469.00$1,458,157.00 
Unrestricted net assets, end of yr-$246,790.00-$209,183.00 
Net assets-$246,790.00-$209,183.00 
Net assets, beginning of year-$209,183.00-$194,963.00 
Other liabilities$350,303.00$229,843.00 
Intangible assets $19,289.00 
Other assets$178,171.00$180,677.00 
Cash: non-interest bearing$44,324.00$62,202.00 
Cash: non-interest bearing, beginning of year$62,202.00$15,247.00 
Other financial variables
Revenue less expenses-$37,607.00-$14,220.00 
Advertising (total)$407.00$292.00 
Accounts receivable, net$418.00$807.00 
Prepaid expenses & deferred charges$3,926.00$4,014.00 
Accounts payable & accrued expenses$11,355.00$8,227.00 
Deferred revenue$1,061.00$2,162.00 
Secured mortgages and notes payable$998,151.00$1,199,237.00 
Total net assets or fund balances-$246,790.00-$209,183.00 
Depreciation, depletion, amortization$77,059.00$79,693.00 
Governance and accountability
Number of voting members1512 
Number of independent voting members1512 
Financial sheets auditedTrueTrue 
Audited on both consolidated and separate basisTrueTrue 
Accrual accountingTrueTrue 
Tax year start date2016-01-012015-01-01 
Tax year end date2016-12-012015-12-012014-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990 
Date e-filing submitted2017-10-192016-12-29 
IRS schema version2016v3.02015v2.1 
Filing identifier201712359349300861201642279349300139 
Use these data in your project Benchmark this organization against its peers