Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Looking Glass Terrace
EIN 38-2110760 • 501(c)4 • East Lansing, MI
Profile
To provide federally supported housing to the elderly.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.22x
Liabilities / Revenue
89th percentile
Higher debt load relative to revenue than 89% of similar nonprofits.
Net Margin
34th percentile
Higher net margin than 34% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
44th percentile
Faster asset growth than 44% of similar nonprofits.
Revenue Growth
69th percentile
Faster revenue growth than 69% of similar nonprofits.
Balance Sheet
Assets
Down$274,494
Down $13,816 (-4.8%) from 2023
Liabilities
Down$61,388
Down $3,432 (-5.3%) from 2023
Net Assets
Down$213,106
Down $10,384 (-4.6%) from 2023
Revenue
Up$161,605
Up $15,876 (+11%) from 2023
Expenses
Up$171,989
Up $30,227 (+21%) from 2023
Net Income
Down-$10,384
Down $14,351 (-362%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $274,494
- Liabilities
- $61,388
- Net assets
- $213,106
- Revenue
- $161,605
- Expenses
- $171,989
- Net income
- -$10,384
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2019 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2019 to Dec 31, 2019
- Signed
- Apr 28, 2020
- Return Version
- 2019v5.1
- Gross Receipts
- $107,171
Mission and Program Overview
Mission
To provide federally supported housing to the elderly.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ORGANIZED TO DEVELOP, CONSTRUCT, OWN, MAINTAIN AND OPERATE A 25 UNIT RENTAL HOUSING PROJECT FOR ELDERLY PERSONS OF LOW AND MODERATE INCOME. | $0 | $93,235 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BEV ROUSE | Member | - | $0 | - | - |
| CRAIG WARREN | Member | - | $0 | - | - |
| NORMA LEE | Member | - | $0 | - | - |
| ROBERT LEONARD | President (Ended December) | - | $0 | - | - |
| HAROLD WALTERS | Secretary/Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Looking Glass Terrace Corporation
- EIN
- 38-2110760
- Phone
- 5176681800
- Address
- 3100 WEST ROAD NO 203, EAST LANSING, MI 48823
Signing Officer
- Name
- Robert Leonard
- Title
- Board Representative
- Phone
- 5176681800
- Signed
- 2020-04-28
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Maner Costerisan Pc
- Address
- 2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
- Preparer
- Brandy L Terwilliger CPA
- Phone
- 5173237500
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 5,069. Description: other expenses. Amount: 10,330. Total to form 990-ez, line 14: 15,399.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: repairs & maintenance. Amount: 27,210. Description: supplies. Amount: 404. Description: travel. Amount: 445. Description: interest expense. Amount: 973. Description: administrative expenses. Amount: 7,780. Description: insurance. Amount: 12,712. Description: management fees. Amount: 14,092. Description: telephone. Amount: 58. Description: advertising. Amount: 814. Description: real property tax. Amount: 33. Total to form 990-ez, line 16: 64,521.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 1,832. End of year amount: 988. Description: security deposits. Beg. Of year amount: 7,954. End of year amount: 7,874. Description: replacement reserve. Beg. Of year amount: 42,071. End of year amount: 52,107. Description: prepaid expenses. Beg. Of year amount: 2,679. End of year amount: 1,222. Description: reserve for tax and insurance. Beg. Of year amount: 15,763. End of year amount: 15,560.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses. Beg. Of year amount: 3,252. End of year amount: 4,768. Description: mortgage payable. Beg. Of year amount: 98,329. End of year amount: 87,506. Description: security deposits. Beg. Of year amount: 7,954. End of year amount: 7,509. Description: deferred revenue. Beg. Of year amount: 3,944. End of year amount: 2,143.”
Raw XML Appendix138 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MTH MANAGEMENT |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5176681800 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3100 WEST ROAD SUITE 203 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | EAST LANSING |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48823 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 125 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 125 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 13936 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 3712 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 176886 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 179269 |
| IRS990EZ/GrossReceiptsAmt | 0 | 107171 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 106462 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 101393 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 63407 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 77343 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 63407 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 77343 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 15399 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.10 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | BEV ROUSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CRAIG WARREN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | NORMA LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | ROBERT LEONARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | HAROLD WALTERS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT (ENDED DECEMBER) |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY/TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 70299 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 77751 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 64521 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FEDERALLY SUPPORTED HOUSING TO THE ELDERLY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 34 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 107171 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ORGANIZED TO DEVELOP, CONSTRUCT, OWN, MAINTAIN AND OPERATE A 25 UNIT RENTAL HOUSING PROJECT FOR ELDERLY PERSONS OF LOW AND MODERATE INCOME. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 93235 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 9569 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 113479 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 101926 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 93235 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 93235 |
| IRS990EZ/TotalRevenueAmt | 0 | 107171 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 5,069. DESCRIPTION: OTHER EXPENSES. AMOUNT: 10,330. TOTAL TO FORM 990-EZ, LINE 14: 15,399. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 27,210. DESCRIPTION: SUPPLIES. AMOUNT: 404. DESCRIPTION: TRAVEL. AMOUNT: 445. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 973. DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 7,780. DESCRIPTION: INSURANCE. AMOUNT: 12,712. DESCRIPTION: MANAGEMENT FEES. AMOUNT: 14,092. DESCRIPTION: TELEPHONE. AMOUNT: 58. DESCRIPTION: ADVERTISING. AMOUNT: 814. DESCRIPTION: REAL PROPERTY TAX. AMOUNT: 33. TOTAL TO FORM 990-EZ, LINE 16: 64,521. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 1,832. END OF YEAR AMOUNT: 988. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 7,954. END OF YEAR AMOUNT: 7,874. DESCRIPTION: REPLACEMENT RESERVE. BEG. OF YEAR AMOUNT: 42,071. END OF YEAR AMOUNT: 52,107. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 2,679. END OF YEAR AMOUNT: 1,222. DESCRIPTION: RESERVE FOR TAX AND INSURANCE. BEG. OF YEAR AMOUNT: 15,763. END OF YEAR AMOUNT: 15,560. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 3,252. END OF YEAR AMOUNT: 4,768. DESCRIPTION: MORTGAGE PAYABLE. BEG. OF YEAR AMOUNT: 98,329. END OF YEAR AMOUNT: 87,506. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 7,954. END OF YEAR AMOUNT: 7,509. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 3,944. END OF YEAR AMOUNT: 2,143. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 14 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROBERT LEONARD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | BOARD REPRESENTATIVE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5176681800 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2020-04-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOOKING GLASS TERRACE CORPORATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O MTH MANAGEMENT |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOOK |
| ReturnHeader/Filer/EIN | 0 | 382110760 |
| ReturnHeader/Filer/PhoneNum | 0 | 5176681800 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3100 WEST ROAD NO 203 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | EAST LANSING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48823 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 65BB7716B73E6F83F0A797AD7116E15789692848 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.163.63.50 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2020-04-28 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:33:00 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 382157642 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | MANER COSTERISAN PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2425 E GRAND RIVER SUITE 1 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | LANSING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 489123291 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5173237500 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2020-04-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRANDY L TERWILLIGER CPA |
| ReturnHeader/ReturnTs | 0 | 2020-05-11T06:59:16-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2019-12-31 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
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