Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.56x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
47th percentile
Higher net margin than 47% 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
51st percentile
Faster asset growth than 51% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Balance Sheet
Assets
Up$181,082
Up $1,813 (+1.0%) from 2019
Net Assets
Up$79,911
Up $2,568 (+3.3%) from 2019
Liabilities
Down$101,171
Down $755 (-0.7%) from 2019
Revenue And Expenses
Revenue
Up$114,335
Up $7,164 (+6.7%) from 2019
Expenses
Up$111,767
Up $18,532 (+20%) from 2019
Net Income
Down$2,568
Down $11,368 (-82%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Jun 1, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $114,335
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 | $111,767 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BEV ROUSE | Member | - | $0 | - | - |
| JODY FRANK | Member | - | $0 | - | - |
| NORMA LEE | Member | - | $0 | - | - |
| LORI LEONARD | Secretary | - | $0 | - | - |
| CRAIG WARREN | Vice President | - | $0 | - | - |
| PEG LEONARD | President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Looking Glass Terrace Corporation
- EIN
- 38-2110760
- Phone
- 5176681800
- Address
- 3390 PINE TREE RD, LANSING, MI 48911
Signing Officer
- Name
- Peg Leonard
- Title
- Board President
- Phone
- 5176681800
- Signed
- 2021-06-01
- 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: 4,522. Description: other expenses. Amount: 8,432. Total to form 990-ez, line 14: 12,954.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: repairs & maintenance. Amount: 24,724. Description: supplies. Amount: 3,771. Description: travel. Amount: 115. Description: interest expense. Amount: 488. Description: administrative expenses. Amount: 28,416. Description: insurance. Amount: 9,886. Description: management fees. Amount: 14,204. Description: telephone. Amount: 630. Description: advertising. Amount: 616. Description: misc taxes, licenses, & permits. Amount: 814. Total to form 990-ez, line 16: 83,664.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 988. End of year amount: 604. Description: security deposits. Beg. Of year amount: 7,874. End of year amount: 7,754. Description: replacement reserve. Beg. Of year amount: 52,107. End of year amount: 62,152. Description: prepaid expenses. Beg. Of year amount: 1,222. End of year amount: 0. Description: reserve for tax and insurance. Beg. Of year amount: 15,560. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable & accrued expenses. Beg. Of year amount: 4,768. End of year amount: 12,238. Description: mortgage payable. Beg. Of year amount: 87,506. End of year amount: 78,164. Description: security deposits. Beg. Of year amount: 7,509. End of year amount: 8,169. Description: deferred revenue. Beg. Of year amount: 2,143. End of year amount: 2,600.”
Raw XML Appendix143 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 | 125 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 13700 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2568 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 4193 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 179269 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 181082 |
| IRS990EZ/GrossReceiptsAmt | 0 | 114335 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 101393 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 96872 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 77343 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 79911 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 77343 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 79911 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 12954 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 3.00 |
| 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/CompensationAmt | 5 | 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/EmployeeBenefitProgramAmt | 5 | 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/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | BEV ROUSE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JODY FRANK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | NORMA LEE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LORI LEONARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | CRAIG WARREN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | PEG LEONARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | VICE PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 77751 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 70510 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 83664 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE FEDERALLY SUPPORTED HOUSING TO THE ELDERLY. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 154 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 114335 |
| 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 | 111767 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 10802 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 101926 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 101171 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 111767 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 111767 |
| IRS990EZ/TotalRevenueAmt | 0 | 114335 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: DEPRECIATION. AMOUNT: 4,522. DESCRIPTION: OTHER EXPENSES. AMOUNT: 8,432. TOTAL TO FORM 990-EZ, LINE 14: 12,954. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REPAIRS & MAINTENANCE. AMOUNT: 24,724. DESCRIPTION: SUPPLIES. AMOUNT: 3,771. DESCRIPTION: TRAVEL. AMOUNT: 115. DESCRIPTION: INTEREST EXPENSE. AMOUNT: 488. DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 28,416. DESCRIPTION: INSURANCE. AMOUNT: 9,886. DESCRIPTION: MANAGEMENT FEES. AMOUNT: 14,204. DESCRIPTION: TELEPHONE. AMOUNT: 630. DESCRIPTION: ADVERTISING. AMOUNT: 616. DESCRIPTION: MISC TAXES, LICENSES, & PERMITS. AMOUNT: 814. TOTAL TO FORM 990-EZ, LINE 16: 83,664. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 988. END OF YEAR AMOUNT: 604. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 7,874. END OF YEAR AMOUNT: 7,754. DESCRIPTION: REPLACEMENT RESERVE. BEG. OF YEAR AMOUNT: 52,107. END OF YEAR AMOUNT: 62,152. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,222. END OF YEAR AMOUNT: 0. DESCRIPTION: RESERVE FOR TAX AND INSURANCE. BEG. OF YEAR AMOUNT: 15,560. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE & ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 4,768. END OF YEAR AMOUNT: 12,238. DESCRIPTION: MORTGAGE PAYABLE. BEG. OF YEAR AMOUNT: 87,506. END OF YEAR AMOUNT: 78,164. DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 7,509. END OF YEAR AMOUNT: 8,169. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 2,143. END OF YEAR AMOUNT: 2,600. |
| 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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | PEG LEONARD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | BOARD PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5176681800 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-06-01 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | LOOKING GLASS TERRACE CORPORATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | C/O KMG PRESTIGE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | LOOK |
| ReturnHeader/Filer/EIN | 0 | 382110760 |
| ReturnHeader/Filer/PhoneNum | 0 | 5176681800 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3390 PINE TREE RD |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LANSING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48911 |
| 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 | 2021-06-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | BRANDY L TERWILLIGER CPA |
| ReturnHeader/ReturnTs | 0 | 2021-06-02T10:15:44-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | PEG |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | LEONARD |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $181,082
- Liabilities
- $101,171
- Net assets
- $79,911
- Revenue
- $114,335
- Expenses
- $111,767
- Net income
- $2,568