Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.70x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
47th percentile
Faster revenue growth than 47% of similar nonprofits.
Balance Sheet
Assets
Up$171,550
Up $6,117 (+3.7%) from 2016
Net Assets
Up$51,887
Up $19,902 (+62%) from 2016
Liabilities
Down$119,663
Down $13,785 (-10%) from 2016
Revenue And Expenses
Revenue
Down$114,524
Down $1,458 (-1.3%) from 2016
Expenses
Up$94,622
Up $4,481 (+5.0%) from 2016
Net Income
Down$19,902
Down $5,939 (-23%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- May 14, 2018
- Return Version
- 2017v2.2
- Gross Receipts
- $114,524
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 | $94,622 |
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 | - | $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
- 2018-05-14
- 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: 6,708. Description: other expenses. Amount: 9,754. Total to form 990-ez, line 14: 16,462.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: repairs & maintenance . Amount: 12,932. Description: supplies . Amount: 309. Description: travel . Amount: 186. Description: interest expense . Amount: 14,289. Description: administrative expenses . Amount: 781. Description: insurance . Amount: 12,046. Description: management fees . Amount: 13,720. Description: telephone . Amount: 1,732. Total to form 990-ez, line 16: 55,995.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable . Beg. Of year amount: 766. End of year amount: 3,756. Description: security deposits . Beg. Of year amount: 7,910. End of year amount: 8,210. Description: replacement reserve . Beg. Of year amount: 28,729. End of year amount: 25,967. Description: prepaid expenses . Beg. Of year amount: 1,664. End of year amount: 210. Description: reserve for tax and insurance . Beg. Of year amount: 5,631. End of year amount: 7,903.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses . Beg. Of year amount: 13,702. End of year amount: 11,471. Description: mortgage payable . Beg. Of year amount: 119,746. End of year amount: 108,192.”
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/AddressChangeInd | 0 | X |
| 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 | 18720 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 13428 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 19902 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4850 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 165433 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 171550 |
| IRS990EZ/GrossReceiptsAmt | 0 | 114524 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 102013 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 112076 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 31985 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 51887 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 31985 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 51887 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 16462 |
| 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 |
| 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 | 44700 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 46046 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 55995 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FEDERALLY SUPPORTED HOUSING TO THE ELDERLY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 268 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 114524 |
| 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 | 94622 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 17047 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 133448 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 119663 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 94622 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 94622 |
| IRS990EZ/TotalRevenueAmt | 0 | 114524 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 6,708. DESCRIPTION: OTHER EXPENSES. AMOUNT: 9,754. TOTAL TO FORM 990-EZ, LINE 14: 16,462. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REPAIRS & MAINTENANCE . AMOUNT: 12,932. DESCRIPTION: SUPPLIES . AMOUNT: 309. DESCRIPTION: TRAVEL . AMOUNT: 186. DESCRIPTION: INTEREST EXPENSE . AMOUNT: 14,289. DESCRIPTION: ADMINISTRATIVE EXPENSES . AMOUNT: 781. DESCRIPTION: INSURANCE . AMOUNT: 12,046. DESCRIPTION: MANAGEMENT FEES . AMOUNT: 13,720. DESCRIPTION: TELEPHONE . AMOUNT: 1,732. TOTAL TO FORM 990-EZ, LINE 16: 55,995. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE . BEG. OF YEAR AMOUNT: 766. END OF YEAR AMOUNT: 3,756. DESCRIPTION: SECURITY DEPOSITS . BEG. OF YEAR AMOUNT: 7,910. END OF YEAR AMOUNT: 8,210. DESCRIPTION: REPLACEMENT RESERVE . BEG. OF YEAR AMOUNT: 28,729. END OF YEAR AMOUNT: 25,967. DESCRIPTION: PREPAID EXPENSES . BEG. OF YEAR AMOUNT: 1,664. END OF YEAR AMOUNT: 210. DESCRIPTION: RESERVE FOR TAX AND INSURANCE . BEG. OF YEAR AMOUNT: 5,631. END OF YEAR AMOUNT: 7,903. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES . BEG. OF YEAR AMOUNT: 13,702. END OF YEAR AMOUNT: 11,471. DESCRIPTION: MORTGAGE PAYABLE . BEG. OF YEAR AMOUNT: 119,746. END OF YEAR AMOUNT: 108,192. |
| 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 | 2018-06-14 16:35:46Z |
| 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 | 2018-05-14 |
| 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 | 504EACF99C85A0D2D7AA41ECA0FC94B8EEB616FB |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | E48C13925EA8FA98FCB1E68033C89751E4DE1AC3 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 216.163.63.50 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-05-14 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | ED |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 16:25:47 |
| 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 | 2018-05-31T08:11:31-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2017-12-31 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $171,550
- Liabilities
- $119,663
- Net assets
- $51,887
- Revenue
- $114,524
- Expenses
- $94,622
- Net income
- $19,902