2025-08-14T11:51:23-05:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2024-04-01 810684291 SOMMERSET NEIGHBORHOOD INC SOMM 4056919221 1601 SOUTHWEST 119TH ST OKLAHOMA CITY OK 73170 JESSICA GUILLORY VP OF ACCOUNTING 4056919221 2025-08-13 1 0 KURT BENNION CPA P01469618 4252506100 2025-08-11 2024 2025-03-06 01:10:19Z X KATRINA BYWATER 1 WEST MAIN ST STE 303 MEDFORD OR 97501 2916457 0 X WWW.RETIRMENT.ORG X 2016 OK TO ENHANCE THE WELL-BEING FOR OUR RESIDENTS THROUGH QUALITY CARE AND SERVICES. 3 1 0 20 0 0 0 0 5647789 2878447 50132 34947 1799 1753 5699720 2915147 0 0 0 0 3173581 1682256 0 0 0 3212161 1343287 6385742 3025543 -686022 -110396 12628235 12882224 15852835 14405416 -3224600 -1523192 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. 0 0 1688553 0 2878447 SOMMERSET NEIGHBORHOOD, INC. (SOMMERSET) IS AN OKLAHOMA NONPROFIT FORMED IN FISCAL YEAR 2016 FOR THE PURPOSE OF OPERATING AN ASSISTED LIVING AND MEMORY CARE FACILITY IN OKLAHOMA CITY, OKLAHOMA, WHICH INCLUDES 106 ASSISTED LIVING BEDS AND 20 UNITS OF MEMORY CARE. 1688553 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 1 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X KATRINA BYWATER 5416463300 1 WEST MAIN STRET SUITE 303 MEDFORD OR 97501 X E DEANN EATON CEO/VP/SECRETARY 0.00 40.00 X X 0 0 0 ANGIE JULIAN CFO/TREASURER 0.00 40.00 X X 0 0 0 MARIE TRIGG BOARD CHAIR 1.00 2.00 X X 0 0 0 JESSICA GUILLORY EXECUTIVE DIRECTOR 40.00 0.00 X 0 0 0 0 0 0 RESIDENT HEALTHCARE SE 623000 2878447 2878447 2878447 2250 2250 34007 34007 1310 -1310 -1310 -1310 MEAL REVENUE 623000 1045 1045 OTHER RESIDENT SERVICE 623000 543 543 GENERAL STORE 623000 165 165 1753 2915147 2878447 0 36700 1410522 773213 637309 3522 1931 1591 175028 95946 79082 93184 51081 42103 40203 40203 22768 22768 17738 17738 93731 50896 42835 35965 4023 31942 109563 69922 39641 9533 1066 8467 104552 14130 90422 7111 795 6316 661969 661969 -71254 -71254 76020 8504 67516 DIETARY 185964 20802 165162 CHARITY CARE 15802 1768 14034 EQUIPMENT REPAIRS & MAI 13056 1460 11596 MISC. 12726 1423 11303 7840 878 6962 3025543 1688553 1336990 0 152578 171110 1513316 1364316 9261 22424 4285 62370 8393308 195684 10948795 8197624 0 3064380 0 0 12628235 12882224 545048 549397 12715500 11059680 2592287 2796339 15852835 14405416 X -3224600 -1523192 -3224600 -1523192 12628235 12882224 -110396 21197 1790607 0 X 0 0 0 X 649307 649307 4217776 4147869 5133985 5647789 2878447 22025866 4867083 4147869 5133985 5647789 2878447 22675173 0 573883 692613 217495 209128 221980 1915099 573883 692613 217495 209128 221980 1915099 20760074 35233 35298 41626 51464 36257 199878 35233 35298 41626 51464 36257 199878 4794 2092 5705 1799 1753 16143 4907110 4185259 5181316 5701052 2916457 22891194 0.90690 0.91330 0.00870 0.00820 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: GUEST AND EMPLOYEE MEALS GENERAL STORE MISCELLANEOUS INCOME SCHEDULE A, PART III, COLUMN E: THE DATA IN COLUMN E REPRESENTS INCOME FROM A SHORT YEAR FILING FROM 04/01/2024 TO 09/30/2024. 2160000 2160000 5691855 195684 5496171 541453 541453 8197624 DUE TO RELATED PARTY 2796339 2796339 A THE OKLAHOMA DEVELOPMENT FINANCE AUTHORITY 731083741 678908Y32 2015-08-13 15618593 ACQUIRE SOMMERSET ASSISTED LIVING 0 0 0 A 2720000 15746133 1151137 312372 14204377 78247 2015 0 0 1 1 A 0 1 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: THE OKLAHOMA DEVELOPMENT FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/11/2020 PART II, LINE 3: THE TOTAL PROCEEDS OF ISSUE ARE GREATER THAN THE ISSUE PRICE BY $127,540 DUE TO ACCRUED INTEREST. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT DUTIES ARE PROVIDED BY PACIFIC RETIREMENT SERVICES, INC. FORM 990, PART VI, SECTION A, LINE 6 PACIFIC RETIREMENT SERVICES IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY PACIFIC RETIREMENT SERVICES, THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7B PACIFIC RETIREMENT SERVICES HAS THE EXCLUSIVE POWER TO TAKE THE FOLLOWING ACTIONS ON BEHALF OF SOMMERSET NEIGHBORHOOD: (A) AMEND, RESTATE OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS; (B) COORDINATE THE ORGANIZATION'S ACTIVITIES AND ENGAGE IN THE OVERALL PLANNING, POLICY DEVELOPMENT, BUDGETING AND RESOURCE ALLOCATION FOR THE ORGANIZATION; (C) APPOINT OUTSIDE AUDITORS FOR THE ORGANIZATION; (D) ELECT OR APPOINT THE ORGANIZATION'S DIRECTORS AND FILL VACANCIES CAUSED BY THE DEATH, REMOVAL OR RESIGNATION OF A DIRECTOR; AND (E) REMOVE ANY OF THE ORGANIZATION'S DIRECTORS OR OFFICERS. THE PRIOR APPROVAL OF PACIFIC RETIREMENT SERVICES IS REQUIRED BEFORE THE BOARD OF DIRECTORS MAY: (A) APPROVE ANY MERGER OR CONSOLIDATION OF THE ORGANIZATION WITH ANOTHER ENTITY, OR ANY PARTIAL OR TOTAL LIQUIDATION OF THE ORGANIZATION'S ASSETS; (B) INCUR ANY DEBT, OR ENTER INTO ANY CONTRACT, NOT CONTEMPLATED BY THE ANNUAL BUDGET IF THE AGGREGATE DOLLAR AMOUNT EXCEEDS $100,000; (C) MAKE ANY GIFT OR GRATUITOUS TRANSFER IN EXCESS OF $15,000 IN THE AGGREGATE IN ANY CALENDAR YEAR; (D) CREATE A TAXABLE OR TAX-EXEMPT SUBSIDIARY OR AFFILIATED ORGANIZATION; (E) ACQUIRE A CONTROLLING INTEREST IN ANOTHER ENTITY; AND (F) APPROVE ANY AMENDMENT, REPEAL OR RESTATE OF THE ORGANIZATION'S ARTICLES OF INCORPORATION OR ADOPT ANY ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE CORPORATE DIRECTOR OF ACCOUNTING, VICE PRESIDENT OF ACCOUNTING, AND CFO. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND QUESTIONNAIRE ARE SENT TO ALL BOARD MEMBERS AND KEY EMPLOYEES ANNUALLY. THERE ARE TWO POLICIES RELATED TO CONFLICTS OF INTEREST: 1) BOARD OF DIRECTORS; 2)KEY EMPLOYEES, WHICH IDENTIFY THE PURPOSE, DEFINITIONS, AND PROCEDURES. IF A CONFLICT IS SELF-IDENTIFIED BY A BOARD MEMBER OR KEY EMPLOYEE IN THE QUESTIONNAIRE AND/OR MEETING, PROCEDURES ARE FOLLOWED AND DOCUMENTED ACCORDING TO THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 A COMPENSATION COMMITTEE OF THE PRS BOARD EXISTS TO DETERMINE COMPENSATION FOR THE EXECUTIVE DIRECTOR OF EACH COMMUNITY. THIS COMMITTEE IS COMPRISED OF THE OFFICERS OF THE PRS BOARD OF DIRECTORS. THE COMMITTEE HAS A CHARTER THAT OUTLINES ITS DUTIES AND RESPONSIBILITIES. IT ALSO HAS AGENDA ELEMENTS THAT DESCRIBE THE ACTIVITIES THAT THE COMMITTEE UNDERTAKES DURING THE YEAR. THE VP OF HUMAN RESOURCES PROVIDED SALARY STUDIES FROM THE FOLLOWING RESOURCES TO THE COMMITTEE RELATIVE TO EXECUTIVE DIRECTOR COMPENSATION: SALARY.COM, PAYSCALE.COM, 990 REVIEW (LIKE SIZE ORGANIZATIONS), CEMO (CHIEF EXECUTIVE OFFICERS OF MULTI-FACILITY ORGANIZATIONS) SALARY STUDY RESULTS, AND INDUSTRY STATE ASSOCIATION SALARY STUDY RESULTS BASED ON GEOGRAPHICAL LOCATION. THE RECOMMENDATION FOR BASE COMPENSATION AND BONUS ARE PROVIDED BY THE EXECUTIVE DIRECTOR'S DIRECT SUPERVISOR (COO OR VP OF OPERATIONS). FORM 990, PART VI, SECTION C, LINE 19 CORPORATE FINANCIAL DATA AND GOVERNANCE INFORMATION IS NOT PUBLIC INFORMATION, AND AS SUCH, IS RELEASED ONLY PURSUANT TO LEGAL REGULATION, COURT ORDER, OR OTHER APPLICABLE LAW, AND AS DIRECTED BY CORPORATE COUNSEL. 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