Liabilities / Assets
95th percentile
Higher debt load relative to assets than 95% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.81x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
82nd percentile
Higher net margin than 82% 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
71st percentile
Faster asset growth than 71% of similar nonprofits.
Revenue Growth
71st percentile
Faster revenue growth than 71% of similar nonprofits.
Balance Sheet
Assets
Up$165,433
Up $16,563 (+11%) from 2015
Net Assets
Up$31,985
Up $25,841 (+421%) from 2015
Liabilities
Down$133,448
Down $9,278 (-6.5%) from 2015
Revenue And Expenses
Revenue
Up$115,982
Up $11,457 (+11%) from 2015
Expenses
Down$90,141
Down $4,465 (-4.7%) from 2015
Net Income
Up$25,841
Up $15,922 (+161%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Oct 9, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $115,982
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 | $90,141 |
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
- 2017-10-09
- 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: 5,810. Description: other expenses. Amount: 10,458. Total to form 990-ez, line 14: 16,268.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: repairs & maintenance . Amount: 12,770. Description: supplies . Amount: 436. Description: interest expense . Amount: 14,458. Description: administrative expenses . Amount: 1,138. Description: insurance . Amount: 10,508. Description: management fees . Amount: 13,818. Description: telephone . Amount: 1,732. Total to form 990-ez, line 16: 54,860.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable . Beg. Of year amount: 796. End of year amount: 766. Description: security deposits . Beg. Of year amount: 8,553. End of year amount: 7,910. Description: replacement reserve . Beg. Of year amount: 35,016. End of year amount: 28,729. Description: prepaid expenses . Beg. Of year amount: 1,701. End of year amount: 1,664. Description: reserve for tax and insurance . Beg. Of year amount: 1,682. End of year amount: 5,631.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses . Beg. Of year amount: 4,528. End of year amount: 13,702. Description: security deposits . Beg. Of year amount: 7,910. End of year amount: 0. Description: mortgage payable . Beg. Of year amount: 130,288. End of year amount: 119,746.”
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 | 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 | 19090 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 18720 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 2621 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 25841 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4650 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 148870 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 165433 |
| IRS990EZ/GrossReceiptsAmt | 0 | 115982 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 82032 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 102013 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 6144 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 31985 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 6144 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 31985 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 16268 |
| 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 | 47748 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 44700 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 54860 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FEDERALLY SUPPORTED HOUSING TO THE ELDERLY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 175 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 113361 |
| 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 | 90141 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 14188 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 142726 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 133448 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 90141 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 90141 |
| IRS990EZ/TotalRevenueAmt | 0 | 115982 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 5,810. DESCRIPTION: OTHER EXPENSES. AMOUNT: 10,458. TOTAL TO FORM 990-EZ, LINE 14: 16,268. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REPAIRS & MAINTENANCE . AMOUNT: 12,770. DESCRIPTION: SUPPLIES . AMOUNT: 436. DESCRIPTION: INTEREST EXPENSE . AMOUNT: 14,458. DESCRIPTION: ADMINISTRATIVE EXPENSES . AMOUNT: 1,138. DESCRIPTION: INSURANCE . AMOUNT: 10,508. DESCRIPTION: MANAGEMENT FEES . AMOUNT: 13,818. DESCRIPTION: TELEPHONE . AMOUNT: 1,732. TOTAL TO FORM 990-EZ, LINE 16: 54,860. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 796. END OF YEAR AMOUNT: 766. DESCRIPTION: SECURITY DEPOSITS . BEG. OF YEAR AMOUNT: 8,553. END OF YEAR AMOUNT: 7,910. DESCRIPTION: REPLACEMENT RESERVE . BEG. OF YEAR AMOUNT: 35,016. END OF YEAR AMOUNT: 28,729. DESCRIPTION: PREPAID EXPENSES . BEG. OF YEAR AMOUNT: 1,701. END OF YEAR AMOUNT: 1,664. DESCRIPTION: RESERVE FOR TAX AND INSURANCE . BEG. OF YEAR AMOUNT: 1,682. END OF YEAR AMOUNT: 5,631. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES . BEG. OF YEAR AMOUNT: 4,528. END OF YEAR AMOUNT: 13,702. DESCRIPTION: SECURITY DEPOSITS . BEG. OF YEAR AMOUNT: 7,910. END OF YEAR AMOUNT: 0. DESCRIPTION: MORTGAGE PAYABLE . BEG. OF YEAR AMOUNT: 130,288. END OF YEAR AMOUNT: 119,746. |
| 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 | 2017-02-10 21:41:12Z |
| 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 | 2017-10-09 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | E74F1D8188A77E5C51A182B761A852D3F0A30D8E |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | CF5D9917F835C009D68467FACEDA9429487CB71A |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.163.63.50 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2017-10-09 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 10:09:03 |
| 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 | 2017-10-13T16:37:15-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $165,433
- Liabilities
- $133,448
- Net assets
- $31,985
- Revenue
- $115,982
- Expenses
- $90,141
- Net income
- $25,841