Civic Intelligence

Mountain Terrace Inc C/O Ellis & Ellis PLLC

EIN 55-0669844 • 501(c)3 • Charleston, WV

Profile

Provide rental housing for low-income elderly and/or disabled individuals.

500 Virginia Street EastCharleston, WV 25301
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.83x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

95th percentile

2.32x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

32nd percentile

-3.7%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

22nd percentile

-9.0%

Faster asset growth than 22% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-19%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$816,022

Up $1 (+0.0%) from 2023

Liabilities

Down

$681,244

Down $69,845 (-9.3%) from 2023

Net Assets

Up

$134,778

Up $69,846 (+108%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin32nd percentile

Revenue

Down

$330,993

Down $26,735 (-7.5%) from 2023

Expenses

Down

$261,147

Down $48,866 (-16%) from 2023

Net Income

Up

$69,846

Up $22,131 (+46%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2011: $864,185Liabilities 2011: $1,115,311Net Assets 2011: -$251,1262011Assets 2012: $885,153Liabilities 2012: $1,098,367Net Assets 2012: -$213,2142012Assets 2013: $870,223Liabilities 2013: $1,076,027Net Assets 2013: -$205,8042013Assets 2014: $847,275Liabilities 2014: $1,054,514Net Assets 2014: -$207,2392014Assets 2015: $833,177Liabilities 2015: $1,048,362Net Assets 2015: -$215,1852015Assets 2016: $827,337Liabilities 2016: $1,027,427Net Assets 2016: -$200,0902016Assets 2017: $813,567Liabilities 2017: $997,883Net Assets 2017: -$184,3162017Assets 2018: $833,593Liabilities 2018: $966,040Net Assets 2018: -$132,4472018Assets 2019: $830,781Liabilities 2019: $913,326Net Assets 2019: -$82,5452019Assets 2020: $801,696Liabilities 2020: $870,858Net Assets 2020: -$69,1622020Assets 2021: $818,959Liabilities 2021: $831,069Net Assets 2021: -$12,1102021Assets 2022: $812,440Liabilities 2022: $795,223Net Assets 2022: $17,2172022Assets 2023: $816,021Liabilities 2023: $751,089Net Assets 2023: $64,9322023Assets 2024: $816,022Liabilities 2024: $681,244Net Assets 2024: $134,7782024

Highlighted filing

2024

Assets$816,022
Liabilities$681,244
Net Assets$134,778
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2011: $309,585Expenses 2011: $287,390Net Income 2011: $22,1952011Revenue 2012: $330,579Expenses 2012: $292,667Net Income 2012: $37,9122012Revenue 2013: $310,308Expenses 2013: $302,898Net Income 2013: $7,4102013Revenue 2014: $331,891Expenses 2014: $333,326Net Income 2014: -$1,4352014Revenue 2015: $324,979Expenses 2015: $332,925Net Income 2015: -$7,9462015Revenue 2016: $334,243Expenses 2016: $319,148Net Income 2016: $15,0952016Revenue 2017: $337,919Expenses 2017: $322,145Net Income 2017: $15,7742017Revenue 2018: $339,344Expenses 2018: $287,475Net Income 2018: $51,8692018Revenue 2019: $343,331Expenses 2019: $293,429Net Income 2019: $49,9022019Revenue 2020: $344,683Expenses 2020: $331,300Net Income 2020: $13,3832020Revenue 2021: $335,717Expenses 2021: $278,665Net Income 2021: $57,0522021Revenue 2022: $341,137Expenses 2022: $311,810Net Income 2022: $29,3272022Revenue 2023: $357,728Expenses 2023: $310,013Net Income 2023: $47,7152023Revenue 2024: $330,993Expenses 2024: $261,147Net Income 2024: $69,8462024

Highlighted filing

2024

Revenue$330,993
Expenses$261,147
Net Income$69,846
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$816,022
Liabilities
$681,244
Net assets
$134,778
Revenue
$330,993
Expenses
$261,147
Net income
$69,846
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.68$0.13$0.33$0.26$0.07
2023Summary only. Only limited summary data is available for this year.$0.82$0.75$0.06$0.36$0.31$0.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.80$0.02$0.34$0.31$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.83$0.01$0.34$0.28$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.80$0.87$0.07$0.34$0.33$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.91$0.08$0.34$0.29$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.97$0.13$0.34$0.29$0.05
2017Summary only. Only limited summary data is available for this year.$0.81$1.00$0.18$0.34$0.32$0.02
2016Summary only. Only limited summary data is available for this year.$0.83$1.03$0.20$0.33$0.32$0.02
2015Summary only. Only limited summary data is available for this year.$0.83$1.05$0.22$0.32$0.33$0.01
2014Summary only. Only limited summary data is available for this year.$0.85$1.05$0.21$0.33$0.33$0.00
2013Summary only. Only limited summary data is available for this year.$0.87$1.08$0.21$0.31$0.30$0.01
2012Summary only. Only limited summary data is available for this year.$0.89$1.10$0.21$0.33$0.29$0.04
2011Summary only. Only limited summary data is available for this year.$0.86$1.12$0.25$0.31$0.29$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 4, 2025
Return Version
2023v6.0
Gross Receipts
$330,993
Mission and Program Overview

Mission

Provide rental housing for low-income elderly and/or disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$416,147$381,073▼ $35,074
Cash and Non-Interest-Bearing Accounts$1,469$20,084▲ $18,615
Accounts Receivable$19,288$6,440▼ $12,848
Prepaid Expenses and Deferred Charges$3,228$3,855▲ $627
Total Assets$816,021$816,022▲ $1
Other Assets Total$375,889$404,570▲ $28,681
Liabilities
Mortgage Notes Payable Secured by Investment Property$706,486$653,621▼ $52,865
Accounts Payable and Accrued Expenses$27,067$16,519▼ $10,548
Other Liabilities$8,379$6,385▼ $1,994
Deferred Revenue$9,157$4,719▼ $4,438
Total Liabilities$751,089$681,244▼ $69,845
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$64,932$134,778▲ $69,846
Total Net Assets Fund Balance$64,932$134,778▲ $69,846
Total Liabilities and Net Assets / Fund Balance$816,021$816,022▲ $1

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$291,046$1,102,244$1,393,290
Land$90,027-$90,027
Other Assets Org$12,391--
Compensation and Service Providers
Top Officer Pay55th percentile

Board Members and Trustees

NameTitle
Lee MilamPresident
Nova CooperSecretary/tr
Freddie HarlessVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$236,934
Program Service Revenue
$93,874
Investment Income
$185
Other Revenue
$0
Change in Net Assets
$69,846

Audited Revenue Reconciliation

Revenue per Audited Statements
$330,993
Total Revenue per Audited Statements
$330,993
Total Revenue per Form 990
$330,993
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,428
Salaries, Compensation, and Employee Benefits$26,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$82,156--$82,156
Interest$56,801--$56,801
Depreciation Depletion$35,074--$35,074
Other Salaries and Wages$6,333$17,760-$24,093
Fees for Services Management-$18,462-$18,462
Office Expenses-$15,590-$15,590
Fees for Services Accounting-$11,660-$11,660
Payroll Taxes$1,006$1,620-$2,626
All Other Expenses$90$644-$734
Conferences and Meetings-$560-$560
Other Expenses$2,496$524-$524
Total Functional Expenses$191,756$69,391$0$261,147

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$261,147
Total Expenses per Audited Statements$261,147
Total Expenses per Form 990$261,147
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$4,959
Pet Deposits$1,060
Security Deposit Interest$237
Security Deposit Refunds$129
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Ellis & ellis, pllc is the hud-approved management agent for the company. The management agent acts as a bookkeeper for the organization and prepares monthly financial statements, reviews vacancies, and controls disbursements with the exception of petty cash. The only function not performed by the agent is the collection of tenant deposits. All management realted activities are performed by the agent.”

Form 990, Page 6, Part VI, Line 11B

“The return is filed by the management agent and reviewed with board members at next regularly scheduled board meeting.”

Form 990, Page 6, Part VI, Line 19

“Documents are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Mountain Terrace Inc
EIN
55-0669844
Phone
3043424169
Address
500 VIRGINIA STREET EAST, CHARLESTON, WV 25301

Signing Officer

Name
Lee Milam
Title
President
Phone
3043424169
Signed
2025-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Milam
Formed
1984
Legal Domicile
Wv
Voting Board Members
3
Independent Board Members
3
Employees
6

Preparer

Firm
Ellis & Ellis Pllc
Address
500 VIRGINIA ST E STE 1000, CHARLESTON, WV 25301
Preparer
Kimberly K Williams
Phone
3043424169
Raw XML Appendix368 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PET DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3SECURITY DEPOSIT REFUNDS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ELLIS & ELLIS, PLLC IS THE HUD-APPROVED MANAGEMENT AGENT FOR THE COMPANY. THE MANAGEMENT AGENT ACTS AS A BOOKKEEPER FOR THE ORGANIZATION AND PREPARES MONTHLY FINANCIAL STATEMENTS, REVIEWS VACANCIES, AND CONTROLS DISBURSEMENTS WITH THE EXCEPTION OF PETTY CASH. THE ONLY FUNCTION NOT PERFORMED BY THE AGENT IS THE COLLECTION OF TENANT DEPOSITS. ALL MANAGEMENT REALTED ACTIVITIES ARE PERFORMED BY THE AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE RETURN IS FILED BY THE MANAGEMENT AGENT AND REVIEWED WITH BOARD MEMBERS AT NEXT REGULARLY SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0330993
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IRS990/UponRequestInd0X
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEE MILAM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03043424169
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOUNTAIN TERRACE INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O ELLIS & ELLIS PLLC
ReturnHeader/Filer/BusinessNameControlTxt0MOUN
ReturnHeader/Filer/EIN0550669844
ReturnHeader/Filer/PhoneNum03043424169
ReturnHeader/Filer/USAddress/AddressLine1Txt0500 VIRGINIA STREET EAST
ReturnHeader/Filer/USAddress/CityNm0CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025301
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550771644
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ELLIS & ELLIS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0500 VIRGINIA ST E STE 1000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd025301
ReturnHeader/PreparerPersonGrp/PhoneNum03043424169
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY K WILLIAMS
ReturnHeader/ReturnTs02025-05-15T09:28:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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