Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.14x
Liabilities / Revenue
92nd percentile
Higher debt load relative to revenue than 92% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% 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
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Up$194,653
Up $9,351 (+5.0%) from 2017
Net Assets
Up$166,594
Up $2,238 (+1.4%) from 2017
Liabilities
Up$28,059
Up $7,113 (+34%) from 2017
Revenue And Expenses
Revenue
Up$66,077
Up $8,511 (+15%) from 2017
Expenses
Up$63,839
Up $11,722 (+22%) from 2017
Net Income
Down$2,238
Down $3,211 (-59%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Feb 22, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $66,077
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. | - | $53,345 |
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
- 2019-02-22
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 120 telephone and answering 9 cable and internet services 1,228 printing costs/maintenance 36 postage/delivery 23 paper shred services 6 conventions and meetings 378 property and liab ins (hazard 2,411 fidelity bond 25 worker's compensation 115 health ins and other empl ben 343 supplies-repair materials 1,158 supplies-appliances 1,401 auto fuel 212 contracts-grounds 8,962 contracts-exterminating 1,159 contracts-misc 326 heating/cooling repairs/m 782 supplies- paint 47 payroll/human resource co 530 contracts- rehab 7,624 non-investment depreciation 9,291 total 36,186”
Form 990-ez, Part II, Line 24
“Accounts receivable 300 0 prepaid expenses and deferred charges 1,146 1,147 security deposit cash 1,963 2,273 escrow deposits 496 6,938 replacement reserve 20,369 28,673 total 24,274 39,031”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 18,562 25,467 ten sec deposits held in trust 1,848 2,156 prepaid revenue 536 436”
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 Appendix146 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 | 33 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 3918 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 2238 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 10116 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 185302 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 194653 |
| IRS990EZ/GrossReceiptsAmt | 0 | 66077 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 29 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 160995 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 151704 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 164356 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 166594 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 164356 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 166594 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 7049 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| 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 | 24274 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 39031 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 36186 |
| 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 | 66048 |
| 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 | 53345 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 10488 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 20946 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 28059 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 63839 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 53345 |
| IRS990EZ/TotalRevenueAmt | 0 | 66077 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 29 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 19 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 17 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 65 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 66048 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 57547 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 44585 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 168180 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 29 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 19 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 17 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 65 |
| 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 | 168180 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 66048 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 57547 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44585 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 168180 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 66077 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 57566 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 44602 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 168245 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES SUPPLIES 120 TELEPHONE AND ANSWERING 9 CABLE AND INTERNET SERVICES 1,228 PRINTING COSTS/MAINTENANCE 36 POSTAGE/DELIVERY 23 PAPER SHRED SERVICES 6 CONVENTIONS AND MEETINGS 378 PROPERTY AND LIAB INS (HAZARD 2,411 FIDELITY BOND 25 WORKER'S COMPENSATION 115 HEALTH INS AND OTHER EMPL BEN 343 SUPPLIES-REPAIR MATERIALS 1,158 SUPPLIES-APPLIANCES 1,401 AUTO FUEL 212 CONTRACTS-GROUNDS 8,962 CONTRACTS-EXTERMINATING 1,159 CONTRACTS-MISC 326 HEATING/COOLING REPAIRS/M 782 SUPPLIES- PAINT 47 PAYROLL/HUMAN RESOURCE CO 530 CONTRACTS- REHAB 7,624 NON-INVESTMENT DEPRECIATION 9,291 TOTAL 36,186 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 300 0 PREPAID EXPENSES AND DEFERRED CHARGES 1,146 1,147 SECURITY DEPOSIT CASH 1,963 2,273 ESCROW DEPOSITS 496 6,938 REPLACEMENT RESERVE 20,369 28,673 TOTAL 24,274 39,031 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 18,562 25,467 TEN SEC DEPOSITS HELD IN TRUST 1,848 2,156 PREPAID REVENUE 536 436 |
| 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 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | C CARL SCHULTZ |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 5012800037 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-02-22 |
| 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 | D66BD3CC8366E3365D854C2F224190509AC2AA47 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 25B693A878EA450C1F311616A82E4637ACC61B31 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 167.68.16.49 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-03-08 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:27:03 |
| 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 | 2019-02-22 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | NELSON K FLEET CPA |
| ReturnHeader/ReturnTs | 0 | 2019-03-08T11:27:03-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $194,653
- Liabilities
- $28,059
- Net assets
- $166,594
- Revenue
- $66,077
- Expenses
- $63,839
- Net income
- $2,238