Liabilities / Assets
96th percentile
Higher debt load relative to assets than 96% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.96x
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
64th percentile
Higher net margin than 64% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% 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
54th percentile
Faster revenue growth than 54% of similar nonprofits.
Balance Sheet
Assets
Down$148,870
Down $830 (-0.6%) from 2014
Net Assets
Up$6,144
Up $9,919 (+263%) from 2014
Liabilities
Down$142,726
Down $10,749 (-7.0%) from 2014
Revenue And Expenses
Revenue
Up$104,525
Up $1,761 (+1.7%) from 2014
Expenses
Down$94,606
Down $15,334 (-14%) from 2014
Net Income
Up$9,919
Up $17,095 (+238%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- May 6, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $104,525
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 | $94,606 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DANIEL MORRIS | Member | - | $0 | - | - |
| HENRIETTA SPARKES | Member | - | $0 | - | - |
| BEVERLY ROUSE | Member | - | $0 | - | - |
| ROBERT LEONARD | President | - | $0 | - | - |
| HAROLD WALTERS | Secretary/Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Looking Glass Terrace Corporation
- EIN
- 38-2110760
- Phone
- 6169571890
- Address
- 100 WELLS AVE, NEWTON, MA 02459
Signing Officer
- Name
- Robert Leonard
- Title
- Board Representative
- Phone
- 6169571890
- Signed
- 2016-05-06
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Maner Costerisan Pc
- Address
- 2425 E GRAND RIVER SUITE 1, LANSING, MI 48912-3291
- Preparer
- James a Mc Neeley CPA
- Phone
- 5173237500
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 14
“Description: depreciation. Amount: 14,792. Description: other expenses. Amount: 11,677. Total to form 990-ez, line 14: 26,469.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: repairs & maintenance . Amount: 23,591. Description: supplies . Amount: 281. Description: travel . Amount: 241. Description: interest expense . Amount: 1,769. Description: administrative expenses . Amount: 1,342. Description: insurance . Amount: 10,006. Description: management fees . Amount: 13,570. Description: telephone . Amount: 1,463. Total to form 990-ez, line 16: 52,263.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable . Beg. Of year amount: 744. End of year amount: 796. Description: security deposits . Beg. Of year amount: 8,748. End of year amount: 8,553. Description: replacement reserve . Beg. Of year amount: 25,752. End of year amount: 35,016. Description: prepaid expenses . Beg. Of year amount: 1,738. End of year amount: 1,701. Description: reserve for tax and insurance . Beg. Of year amount: 334. End of year amount: 1,682.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses . Beg. Of year amount: 3,332. End of year amount: 4,528. Description: security deposits . Beg. Of year amount: 8,105. End of year amount: 7,910. Description: mortgage payable . Beg. Of year amount: 140,725. End of year amount: 130,288. Description: deferred revenue . Beg. Of year amount: 1,313. End of year amount: 0.”
Raw XML Appendix131 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 | WINGATE MANAGEMENT COMPANY LLC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7817079100 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 100 WELLS AVENUE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | NEWTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 02459 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 19638 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 19090 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 405 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 9919 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4748 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 149700 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 148870 |
| IRS990EZ/GrossReceiptsAmt | 0 | 104525 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 92746 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 82032 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -3775 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 6144 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -3775 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 6144 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 26469 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.20 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.50 |
| 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 | DANIEL MORRIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | HENRIETTA SPARKES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | BEVERLY ROUSE |
| 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 |
| 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 | 37316 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 47748 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 52263 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FEDERALLY SUPPORTED HOUSING TO THE ELDERLY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 145 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 104120 |
| 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 | 94606 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 10981 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 153475 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 142726 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 94606 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 94606 |
| IRS990EZ/TotalRevenueAmt | 0 | 104525 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 14,792. DESCRIPTION: OTHER EXPENSES. AMOUNT: 11,677. TOTAL TO FORM 990-EZ, LINE 14: 26,469. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REPAIRS & MAINTENANCE . AMOUNT: 23,591. DESCRIPTION: SUPPLIES . AMOUNT: 281. DESCRIPTION: TRAVEL . AMOUNT: 241. DESCRIPTION: INTEREST EXPENSE . AMOUNT: 1,769. DESCRIPTION: ADMINISTRATIVE EXPENSES . AMOUNT: 1,342. DESCRIPTION: INSURANCE . AMOUNT: 10,006. DESCRIPTION: MANAGEMENT FEES . AMOUNT: 13,570. DESCRIPTION: TELEPHONE . AMOUNT: 1,463. TOTAL TO FORM 990-EZ, LINE 16: 52,263. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 744. END OF YEAR AMOUNT: 796. DESCRIPTION: SECURITY DEPOSITS . BEG. OF YEAR AMOUNT: 8,748. END OF YEAR AMOUNT: 8,553. DESCRIPTION: REPLACEMENT RESERVE . BEG. OF YEAR AMOUNT: 25,752. END OF YEAR AMOUNT: 35,016. DESCRIPTION: PREPAID EXPENSES . BEG. OF YEAR AMOUNT: 1,738. END OF YEAR AMOUNT: 1,701. DESCRIPTION: RESERVE FOR TAX AND INSURANCE . BEG. OF YEAR AMOUNT: 334. END OF YEAR AMOUNT: 1,682. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES . BEG. OF YEAR AMOUNT: 3,332. END OF YEAR AMOUNT: 4,528. DESCRIPTION: SECURITY DEPOSITS . BEG. OF YEAR AMOUNT: 8,105. END OF YEAR AMOUNT: 7,910. DESCRIPTION: MORTGAGE PAYABLE . BEG. OF YEAR AMOUNT: 140,725. END OF YEAR AMOUNT: 130,288. DESCRIPTION: DEFERRED REVENUE . BEG. OF YEAR AMOUNT: 1,313. END OF YEAR AMOUNT: 0. |
| 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 | 2016-12-15 16:53:06Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ROBERT LEONARD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | BOARD REPRESENTATIVE |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6169571890 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-05-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOOKING GLASS TERRACE CORPORATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O WINGATE COMPANIES |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOOK |
| ReturnHeader/Filer/EIN | 0 | 382110760 |
| ReturnHeader/Filer/PhoneNum | 0 | 6169571890 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 100 WELLS AVE |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEWTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 02459 |
| 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/PreparerPersonNm | 0 | JAMES A MC NEELEY CPA |
| ReturnHeader/ReturnTs | 0 | 2016-07-19T15:07:30-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $148,870
- Liabilities
- $142,726
- Net assets
- $6,144
- Revenue
- $104,525
- Expenses
- $94,606
- Net income
- $9,919