Civic Intelligence

Terrace Charitable Trust

990PF • Fiscal year 2021 • EIN 46-6867764

Jul 01, 2020 to Jun 30, 2021 • Filed on May 15, 2022

Organization Profile
94 Harborview WLawrence, NY 11559

(323) 243-1712

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

99th percentile

0.52x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

2.14x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Source year 2021

Net Margin

10th percentile

-170%

Higher net margin than 10% of similar nonprofits.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

86th percentile

$0

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Source year 2021

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

97th percentile

1764%

Faster revenue growth than 97% of similar nonprofits.

2021 filings • NTEE T22 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets99th percentile

Assets

Up

$582,166

Up $30,943 (+5.6%) from 2020

Net Assets

$282,166

No earlier filing loaded for comparison.

Liabilities

Up

$300,000

Up $150,000 (+100%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin10th percentile

Revenue

Up

$140,416

Up $132,883 (+1764%) from 2020

Expenses

Up

$378,972

Up $244,321 (+181%) from 2020

Net Income

Down

-$238,556

Down $111,438 (-88%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2014: $32,102Liabilities 2014: $0Net Assets 2014: $32,1022014Assets 2015: $53,042Liabilities 2015: $02015Assets 2017: $112,525Liabilities 2017: $0Net Assets 2017: $112,5252017Assets 2018: $83,813Liabilities 2018: $0Net Assets 2018: $83,8132018Assets 2019: $518,062Liabilities 2019: $02019Assets 2020: $551,223Liabilities 2020: $150,0002020Assets 2021: $582,166Liabilities 2021: $300,000Net Assets 2021: $282,1662021Assets 2022: $49,957Liabilities 2022: $368,000Net Assets 2022: -$318,0432022Assets 2023: $18,948Liabilities 2023: $0Net Assets 2023: $18,9482023Assets 2024: $3,633Liabilities 2024: $0Net Assets 2024: $3,6332024

Highlighted filing

2021

Assets$582,166
Liabilities$300,000
Net Assets$282,166
Open 2021 Filing

Operations Trend

Revenue Growth97th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $36,972Expenses 2014: $4,870Net Income 2014: $32,1022014Revenue 2015: $71,358Expenses 2015: $50,599Net Income 2015: $20,7592015Revenue 2017: $63,003Expenses 2017: $31,883Net Income 2017: $31,1202017Revenue 2018: $4,951Expenses 2018: $33,655Net Income 2018: -$28,7042018Revenue 2019: $469,378Expenses 2019: $74,306Net Income 2019: $395,0722019Revenue 2020: $7,533Expenses 2020: $134,651Net Income 2020: -$127,1182020Revenue 2021: $140,416Expenses 2021: $378,972Net Income 2021: -$238,5562021Revenue 2022: $0Expenses 2022: $600,235Net Income 2022: -$600,2352022Revenue 2023: $1,429,609Expenses 2023: $1,119,496Net Income 2023: $310,1132023Revenue 2024: $1,796,479Expenses 2024: $1,811,006Net Income 2024: -$14,5272024

Highlighted filing

2021

Revenue$140,416
Expenses$378,972
Net Income-$238,556
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 15, 2022
Return Version
2020v4.1
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ELLIOTT MANDELBAUMTrustee-$0--
CHAVA EICHORN MANDELBAUMTrustee-$0--
SHERYL MANDELBAUMTrustee-$0--
Filing and Contact Details

Filer

Filer Name
Terrace Charitable Trust
EIN
46-6867764
Phone
3232431712
Address
94 HARBORVIEW W, LAWRENCE, NY 11559

Signing Officer

Name
Elliott Mandelbaum
Title
Trustee
Phone
3232431712
Signed
2022-05-15

Preparer

Firm
Ben Epstein and Associates
Address
1455 E 15TH ST, BROOKLYN, NY 11230
Preparer
Ben Epstein CPA
Phone
7183369502
Raw XML Appendix315 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.

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IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt0376972
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
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IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt00
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt00
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt00
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt00
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt00
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt00
IRS990PF/UndistributedIncomeGrp/PriorYearUndistributedIncmAmt00
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/Taxable1Amt00
IRS990PF/UndistributedIncomeGrp/Taxable2Amt00
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt00
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt00
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorPersonNm0ELLIOT MANDELBAUM
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0LAWRENCE
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/StateAbbreviationCd0NY
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd011559
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0136690
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
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OtherAssetsSchedule/OtherAssetsScheduleGrp/BOYBookValueAmt10
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc0SECURITIES
OtherAssetsSchedule/OtherAssetsScheduleGrp/Desc1DEPOSIT
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OtherAssetsSchedule/OtherAssetsScheduleGrp/EOYFMVAmt1300000
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0PROFESSIONAL FEES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK SERVICE CHARGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt02599
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt02000
OtherIncreasesSchedule/OtherIncreasesDetail/Amt097372
OtherIncreasesSchedule/OtherIncreasesDetail/Amt122127
OtherIncreasesSchedule/OtherIncreasesDetail/Desc0SALES OF STOCK
OtherIncreasesSchedule/OtherIncreasesDetail/Desc1UNREALIZED GAIN ON SECURITIES
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ELLIOTT MANDELBAUM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03232431712
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TERRACE CHARITABLE TRUST
ReturnHeader/Filer/BusinessNameControlTxt0TERR
ReturnHeader/Filer/EIN0466867764
ReturnHeader/Filer/PhoneNum03232431712
ReturnHeader/Filer/USAddress/AddressLine1Txt094 HARBORVIEW W
ReturnHeader/Filer/USAddress/CityNm0LAWRENCE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd011559
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEN EPSTEIN AND ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01455 E 15TH ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROOKLYN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011230
ReturnHeader/PreparerPersonGrp/PhoneNum07183369502
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BEN EPSTEIN CPA
ReturnHeader/ReturnTs02022-05-16T14:43:20-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ELLIOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MANDELBAUM
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$582,166
Liabilities
$300,000
Net assets
$282,166
Revenue
$140,416
Expenses
$378,972
Net income
-$238,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$1.80$1.81$0.01
2023Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$1.43$1.12$0.31
2022Detailed filing. Detailed filing data is available for this year.$0.05$0.37$0.32$0.00$0.60$0.60
2021Detailed filing. Detailed filing data is available for this year.$0.58$0.30$0.28$0.14$0.38$0.24
2020Summary only. Only limited summary data is available for this year.$0.55$0.15$0.01$0.13$0.13
2019Summary only. Only limited summary data is available for this year.$0.52$0.00$0.47$0.07$0.40
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.00$0.03$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.11$0.06$0.03$0.03
2015Summary only. Only limited summary data is available for this year.$0.05$0.00$0.07$0.05$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.04$0.00$0.03