Civic Intelligence

Tanner Terrace Inc.

990 • Fiscal year 2017 • EIN 86-0344610

Oct 01, 2016 to Sep 30, 2017 • Filed on Nov 13, 2017

Organization ProfileN/A
700 E Jefferson Street Suite 230Phoenix, AZ 85034

(602) 243-1036

Siviq Scores

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

Liabilities / Assets

95th percentile

1.32x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

1.54x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

52nd percentile

3.7%

Higher net margin than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

21st percentile

-4.5%

Faster asset growth than 21% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

45th percentile

2.6%

Faster revenue growth than 45% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,566,881

Down $73,426 (-4.5%) from 2016

Net Assets

Up

-$509,012

Up $49,520 (+8.9%) from 2016

Liabilities

Down

$2,075,893

Down $122,946 (-5.6%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin52nd percentile

Revenue

Up

$1,346,862

Up $33,861 (+2.6%) from 2016

Expenses

Up

$1,297,342

Up $45,561 (+3.6%) from 2016

Net Income

Down

$49,520

Down $11,700 (-19%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2011: $1,081,302Liabilities 2011: $2,202,544Net Assets 2011: -$1,121,2422011Assets 2012: $1,086,944Liabilities 2012: $2,042,894Net Assets 2012: -$955,9502012Assets 2013: $1,056,395Liabilities 2013: $1,808,349Net Assets 2013: -$751,9542013Assets 2014: $978,808Liabilities 2014: $1,558,462Net Assets 2014: -$579,6542014Assets 2015: $1,487,696Liabilities 2015: $2,107,448Net Assets 2015: -$619,7522015Assets 2016: $1,640,307Liabilities 2016: $2,198,839Net Assets 2016: -$558,5322016Assets 2017: $1,566,881Liabilities 2017: $2,075,893Net Assets 2017: -$509,0122017Assets 2018: $1,535,207Liabilities 2018: $2,008,131Net Assets 2018: -$472,9242018Assets 2019: $1,576,013Liabilities 2019: $2,004,281Net Assets 2019: -$428,2682019Assets 2020: $1,530,443Liabilities 2020: $1,966,712Net Assets 2020: -$436,2692020Assets 2021: $1,980,575Liabilities 2021: $2,323,961Net Assets 2021: -$343,3862021Assets 2022: $1,610,430Liabilities 2022: $2,226,845Net Assets 2022: -$616,4152022Assets 2023: $1,463,961Liabilities 2023: $1,969,844Net Assets 2023: -$505,8832023Assets 2024: $1,499,739Liabilities 2024: $1,981,830Net Assets 2024: -$482,0912024

Highlighted filing

2017

Assets$1,566,881
Liabilities$2,075,893
Net Assets-$509,012
Open 2017 Filing

Operations Trend

Revenue Growth45th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,241,945Expenses 2011: $1,068,679Net Income 2011: $173,2662011Revenue 2012: $1,185,066Expenses 2012: $1,019,774Net Income 2012: $165,2922012Revenue 2013: $1,218,719Expenses 2013: $1,014,723Net Income 2013: $203,9962013Revenue 2014: $1,250,244Expenses 2014: $1,077,944Net Income 2014: $172,3002014Revenue 2015: $1,279,051Expenses 2015: $1,319,149Net Income 2015: -$40,0982015Revenue 2016: $1,313,001Expenses 2016: $1,251,781Net Income 2016: $61,2202016Revenue 2017: $1,346,862Expenses 2017: $1,297,342Net Income 2017: $49,5202017Revenue 2018: $1,371,223Expenses 2018: $1,335,135Net Income 2018: $36,0882018Revenue 2019: $1,406,160Expenses 2019: $1,391,504Net Income 2019: $14,6562019Revenue 2020: $1,436,565Expenses 2020: $1,414,566Net Income 2020: $21,9992020Revenue 2021: $1,449,938Expenses 2021: $1,357,055Net Income 2021: $92,8832021Revenue 2022: $1,615,824Expenses 2022: $1,888,853Net Income 2022: -$273,0292022Revenue 2023: $2,524,176Expenses 2023: $2,413,644Net Income 2023: $110,5322023Revenue 2024: $1,701,254Expenses 2024: $1,677,462Net Income 2024: $23,7922024

Highlighted filing

2017

Revenue$1,346,862
Expenses$1,297,342
Net Income$49,520
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$1,346,862
Mission and Program Overview

Mission

Tnner terrace provides affordable housing for low income elderly residents.

To provide housing for low income elderly

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,078,632$1,058,225▼ $20,407
Cash and Non-Interest-Bearing Accounts$138,872$99,412▼ $39,460
Intangible Assets$71,020$68,879▼ $2,141
Prepaid Expenses and Deferred Charges$2,257$3,314▲ $1,057
Accounts Receivable$1,925$2,907▲ $982
Total Assets$1,640,307$1,566,881▼ $73,426
Other Assets Total$347,601$334,144▼ $13,457
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,999,173$1,962,801▼ $36,372
Accounts Payable and Accrued Expenses$158,024$71,598▼ $86,426
Other Liabilities$41,642$41,494▼ $148
Total Liabilities$2,198,839$2,075,893▼ $122,946
Net Assets / Fund Balance
Unrestricted Net Assets$-558,532$-509,012▲ $49,520
Total Net Assets Fund Balance$-558,532$-509,012▲ $49,520
Total Liabilities and Net Assets / Fund Balance$1,640,307$1,566,881▼ $73,426

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$771,742$4,975,276$5,747,018
Land$286,483-$286,483
Other Assets Org$8,666--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Lc Demon CareyPresident
Dr Lottie LecianDirector
Jacquelyn ToliverDirector
Michael DeanDirector
Pastor Benjamin ThomasDirector
Phyllis RodriquezDirector
Proctor HoustonDirector
Virgil BerryDirector
Theresa HaleSecretary
Valerie RochonTreasurer
Kerwin BrownVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$809,887
Program Service Revenue
$522,847
Investment Income
$122
Other Revenue
$14,006
Change in Net Assets
$49,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,346,862
Total Revenue per Audited Statements
$1,346,862
Total Revenue per Form 990
$1,346,862
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$925,379
Salaries, Compensation, and Employee Benefits$371,963
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$544,595--$544,595
Other Salaries and Wages$299,610--$299,610
Depreciation Depletion$116,000--$116,000
Interest$96,075--$96,075
Office Expenses$64,003--$64,003
Other Employee Benefits$48,627--$48,627
Fees for Services Accounting$39,309--$39,309
Insurance$34,408--$34,408
Payroll Taxes$23,726--$23,726
Advertising$10,276--$10,276
Conferences and Meetings-$4,858-$4,858
Fees for Services Legal$3,789--$3,789
Other Expenses$243$3,700-$243
Total Functional Expenses$1,288,784$8,558$0$1,297,342

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,297,342
Total Expenses per Audited Statements$1,297,342
Total Expenses per Form 990$1,297,342
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 Deposit Liability$41,494
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 15A

“Organization reviews comparable pay for similar positions within the industry based upon experience and locations, in order to accurately calculate reasonable pay.”

Form 990, Page 6, Part VI, Line 15B

“Organization reviews comparable pay for similar positions within the industry based upon experience and locations, in order to accurately calculate reasonable pay.”

Form 990, Page 6, Part VI, Line 19

“Information is available upon written request.”

Filing and Contact Details

Filer

Filer Name
Tanner Terrace Inc
EIN
86-0344610
Address
700 E JEFFERSON STREET SUITE 230, PHOENIX, AZ 85034

Signing Officer

Name
Lc Demon Carey
Title
President
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lc Demon Carey
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Pettit & Company LLC
Address
435 EAST MAIN STREET SUITE 195, GREENWOOD, IN 46143-1456
Preparer
John J Pettit
Phone
3177438120
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The entity has adopted the standard for accountng for uncertainty in income taxes, the entity recognizes a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no benefit is recorded.”

Raw XML AppendixShowing 400 of 411 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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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalLiabilityAmt041494
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION REVIEWS COMPARABLE PAY FOR SIMILAR POSITIONS WITHIN THE INDUSTRY BASED UPON EXPERIENCE AND LOCATIONS, IN ORDER TO ACCURATELY CALCULATE REASONABLE PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION REVIEWS COMPARABLE PAY FOR SIMILAR POSITIONS WITHIN THE INDUSTRY BASED UPON EXPERIENCE AND LOCATIONS, IN ORDER TO ACCURATELY CALCULATE REASONABLE PAY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INFORMATION IS AVAILABLE UPON WRITTEN REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0435 EAST MAIN STREET SUITE 195

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,566,881
Liabilities
$2,075,893
Net assets
-$509,012
Revenue
$1,346,862
Expenses
$1,297,342
Net income
$49,520
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.50$1.98$0.48$1.70$1.68$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.46$1.97$0.51$2.52$2.41$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.61$2.23$0.62$1.62$1.89$0.27
2021Detailed filing. Detailed filing data is available for this year.$1.98$2.32$0.34$1.45$1.36$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.53$1.97$0.44$1.44$1.41$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.58$2.00$0.43$1.41$1.39$0.01
2018Detailed filing. Detailed filing data is available for this year.$1.54$2.01$0.47$1.37$1.34$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.57$2.08$0.51$1.35$1.30$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.64$2.20$0.56$1.31$1.25$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.49$2.11$0.62$1.28$1.32$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.98$1.56$0.58$1.25$1.08$0.17
2013Summary only. Only limited summary data is available for this year.$1.06$1.81$0.75$1.22$1.01$0.20
2012Summary only. Only limited summary data is available for this year.$1.09$2.04$0.96$1.19$1.02$0.17
2011Summary only. Only limited summary data is available for this year.$1.08$2.20$1.12$1.24$1.07$0.17