Somerset Place Assn
Revenue
$919k
year to 31 December 2024
Expenses
$633k
year to 31 December 2024
Total assets
$800k
$2.1m liabilities
Net assets
Minus $1.3m
assets less liabilities
Directors and trustees
5
3.2 years on average
Staff
0
employees, year to 31 December 2024
Left since last filing
0
no seats appear to have opened
Officers and senior staff
11
named in Part VII
Somerset Place Assn's network
5 peoplei5 people on this map.The large node is the subject of this page. Solid lines are what the register itself records (5). Form 990 filings give names without a person identifier; SEC insider filings carry a CIK.The board
5 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations.Time served and departures are observed across annual filings. Observed time served is a lower bound - a member may have joined before the first year on record. The organisation reported 5 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Alex Cornelio | Vice President | 2022 | 4 yrs |
| Jim Muckle | President | 2024 | 2 yrs |
| John Parker | Company secretary | 2023 | 3 yrs |
| Jose Kong | Vice President | 2024 | 2 yrs |
| Yichieh Chang | Treasurer | 2023 | 3 yrs |
Under 5 years5 to 6 years6 years or more
Officers and senior leadership
11 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Alex Cornelio | Vice President | since 2019 |
| Ann Lesavage | Vice President | 2020 |
| Becky Cummings | President | since 2018 |
| Brandon Harmon | Treasurer | 2020 |
| Cesare Castagnoli | Vice President | 2018 |
| David Griffith | Vice President | 2018 |
| Jill Morell | Treasurer | 2018 |
| Jim Muckle | Treasurer | since 2018 |
| Jose Kong | Vice President | since 2019 |
| Ross Prior | Company secretary | 2020 |
| Sandy Fowler | Company secretary | 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Jim Muckle | President | 2 | $0 | ||
| Jose Kong | Vice President | 2 | $0 | ||
| Yichieh Chang | Treasurer | 2 | $0 | ||
| John Parker | Secretary | 2 | $0 | ||
| Alex Cornelio | Vice President | 2 | $0 |
No pay was reported for anyone in Part VII on this return.
About
- Legal name
- Somerset Place Assn
- EIN
- 237321056
- Address
- 12625 Memorial Dr Apt 14, Houston, TX, 77024-4812
- State
- Texas
- Mission
- Civic & social welfare organization - promoting the common good and general welfare of the public and community through the maintenance and management of the association and the property, and providing services to the community. (as filed on the Form 990)
- Activity (NTEE)
- L50 Housing and shelter
- IRS classification
- 501(c)04 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 5 (IRS master file code)
- Formed
- 1973
- Principal officer
- Jim Muckle (as named on the Form 990)
- IRS ruling date
- 1 November 2012
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 3, latest 2024
Most connected
Longest observed on the filings
≥4years on the filingsAlex Cornelio
≥3years on the filingsJohn Parker
≥3years on the filingsYichieh Chang
≥2years on the filingsJim Muckle
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $800k
- Total liabilities
- $2.1m
- Net assets or fund balances
- Minus $1.3m
- Contributions and grants received
- $0
- Program service revenue
- $878k
- Employees
- 0
Filed finances
3 yearsiTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $919k | $633k | $286k |
| 2023 | $911k | $549k | $362k |
| 2022 | $619k | $592k | $27k |
As filed on the IRS Form 990. US dollars.