Liabilities / Assets
79th percentile
Higher debt load relative to assets than 79% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.11x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
62nd percentile
Higher net margin than 62% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
$185,302
No earlier filing loaded for comparison.
Net Assets
$164,356
No earlier filing loaded for comparison.
Liabilities
$20,946
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
$57,566
No earlier filing loaded for comparison.
Expenses
$52,117
No earlier filing loaded for comparison.
Net Income
$5,449
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2017 to Dec 31, 2017
- Signed
- Mar 23, 2018
- Return Version
- 2017v2.3
- Gross Receipts
- $57,566
Mission and Program Overview
Mission
To provide low-income housing to the disabled in jonesboro, arkansas based on the requirements set forth by the u.s. Department of housing and urban development.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. | - | $52,117 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| C CARL SCHULTZ | President | - | $0 | - | - |
| CYNTHIA KNOERR | Secretary | - | $0 | - | - |
| JEFFREY OWENS | Treasurer | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Terrace Homes Inc
- EIN
- 58-1945770
- Phone
- 5012800037
- Address
- 8101 INTERSTATE 30 SUITE A, LITTLE ROCK, AR 72209
Signing Officer
- Name
- C Carl Schultz
- Title
- President
- Phone
- 5012800037
- Signed
- 2018-03-23
Preparer
- Firm
- Fleet Firm
- Address
- 759 TEALWOOD LN, CORDOVA, TN 38018-6334
- Preparer
- Nelson K Fleet CPA
- Phone
- 9013364602
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses supplies 169 telephone and answering 26 cable and internet services 1,243 printing costs/maintenance 209 postage/delivery 26 paper shred services 10 conventions and meetings 142 property and liab ins (hazard 1,882 fidelity bond 25 worker's compensation 174 health ins and other empl ben 243 other renting expense 45 bank service charges 70 late fees/charges 4 supplies-repair materials 572 supplies-appliances 428 supplies-furnishings 276 auto fuel 35 contracts-grounds 8,212 contracts-exterminating 807 contracts-misc 82 payroll/human resource co 725 heating/cooling repairs/m 247 non-investment depreciation 9,368 total 25,020”
Form 990-ez, Part II, Line 24
“Accounts receivable 1,924 300 prepaid expenses and deferred charges 336 1,146 security deposit cash 1,685 1,963 escrow deposits 643 496 replacement reserve 12,073 20,369 total 16,661 24,274”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 26,650 18,562 ten sec deposits held in trust 1,572 1,848 prepaid revenue 439 536”
Form 990-ez, Part III
“To provide low-income housing to the disabled in jonesboro, arkansas based on the requirements set forth by the u.s. Department of housing and urban development.”
Raw XML Appendix141 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 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | C CARL SCHULTZ |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 5012800037 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 8101 INTERSTATE 30 SUITE A |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LITTLE ROCK |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | AR |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 72209 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 544 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 33 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 5449 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 8364 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 187568 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 185302 |
| IRS990EZ/GrossReceiptsAmt | 0 | 57566 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 19 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 170363 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 160995 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 158907 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 164356 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 158907 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 164356 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6734 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | C CARL SCHULTZ |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | CYNTHIA KNOERR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JEFFREY OWENS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 16661 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 24274 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 25020 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 57547 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 52117 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 11999 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 28661 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 20946 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 52117 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 52117 |
| IRS990EZ/TotalRevenueAmt | 0 | 57566 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 19 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 17 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 36 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 57547 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 44585 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 102132 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 19 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 17 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 36 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99960 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 0.99960 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 102132 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 57547 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 44585 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 102132 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 57566 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 44602 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 102168 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES SUPPLIES 169 TELEPHONE AND ANSWERING 26 CABLE AND INTERNET SERVICES 1,243 PRINTING COSTS/MAINTENANCE 209 POSTAGE/DELIVERY 26 PAPER SHRED SERVICES 10 CONVENTIONS AND MEETINGS 142 PROPERTY AND LIAB INS (HAZARD 1,882 FIDELITY BOND 25 WORKER'S COMPENSATION 174 HEALTH INS AND OTHER EMPL BEN 243 OTHER RENTING EXPENSE 45 BANK SERVICE CHARGES 70 LATE FEES/CHARGES 4 SUPPLIES-REPAIR MATERIALS 572 SUPPLIES-APPLIANCES 428 SUPPLIES-FURNISHINGS 276 AUTO FUEL 35 CONTRACTS-GROUNDS 8,212 CONTRACTS-EXTERMINATING 807 CONTRACTS-MISC 82 PAYROLL/HUMAN RESOURCE CO 725 HEATING/COOLING REPAIRS/M 247 NON-INVESTMENT DEPRECIATION 9,368 TOTAL 25,020 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 1,924 300 PREPAID EXPENSES AND DEFERRED CHARGES 336 1,146 SECURITY DEPOSIT CASH 1,685 1,963 ESCROW DEPOSITS 643 496 REPLACEMENT RESERVE 12,073 20,369 TOTAL 16,661 24,274 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 26,650 18,562 TEN SEC DEPOSITS HELD IN TRUST 1,572 1,848 PREPAID REVENUE 439 536 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2018-06-14 16:35:46Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | C CARL SCHULTZ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5012800037 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2018-03-23 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | TERRACE HOMES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TERR |
| ReturnHeader/Filer/EIN | 0 | 581945770 |
| ReturnHeader/Filer/PhoneNum | 0 | 5012800037 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 8101 INTERSTATE 30 SUITE A |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LITTLE ROCK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | AR |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 72209 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 809B6D88A1FA15D5C95C60BC66B77CE8A0606362 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | DBEADA8E4E9D2995A816ADE270059363E00FB124 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 167.68.16.49 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2018-03-26 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:23:37 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621868414 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | FLEET FIRM |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 759 TEALWOOD LN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CORDOVA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 380186334 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9013364602 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2018-03-26 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NELSON K FLEET CPA |
| ReturnHeader/ReturnTs | 0 | 2018-03-26T14:23:37-05:00 |
| 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
- $185,302
- Liabilities
- $20,946
- Net assets
- $164,356
- Revenue
- $57,566
- Expenses
- $52,117
- Net income
- $5,449