Civic Intelligence

Tanner Terrace Inc.

990 • Fiscal year 2018 • EIN 86-0344610

Oct 01, 2017 to Sep 30, 2018 • Filed on Nov 01, 2018

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

1.31x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

89th percentile

1.46x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

49th percentile

2.6%

Higher net margin than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

37th percentile

-2.0%

Faster asset growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

45th percentile

1.8%

Faster revenue growth than 45% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,535,207

Down $31,674 (-2.0%) from 2017

Net Assets

Up

-$472,924

Up $36,088 (+7.1%) from 2017

Liabilities

Down

$2,008,131

Down $67,762 (-3.3%) from 2017

Revenue

Up

$1,371,223

Up $24,361 (+1.8%) from 2017

Expenses

Up

$1,335,135

Up $37,793 (+2.9%) from 2017

Net Income

Down

$36,088

Down $13,432 (-27%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,535,207
Liabilities$2,008,131
Net Assets-$472,924

Operations Trend

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

2018

Revenue$1,371,223
Expenses$1,335,135
Net Income$36,088
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Nov 1, 2018
Return Version
2017v2.3
Gross Receipts
$1,371,223
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$1,058,225$977,697▼ $80,528
Cash and Non-Interest-Bearing Accounts$99,412$101,701▲ $2,289
Intangible Assets$68,879$66,738▼ $2,141
Prepaid Expenses and Deferred Charges$3,314$3,343▲ $29
Accounts Receivable$2,907$603▼ $2,304
Total Assets$1,566,881$1,535,207▼ $31,674
Other Assets Total$334,144$385,125▲ $50,981
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,962,801$1,924,833▼ $37,968
Accounts Payable and Accrued Expenses$71,598$42,349▼ $29,249
Other Liabilities$41,494$40,949▼ $545
Total Liabilities$2,075,893$2,008,131▼ $67,762
Net Assets / Fund Balance
Unrestricted Net Assets$-509,012$-472,924▲ $36,088
Total Net Assets Fund Balance$-509,012$-472,924▲ $36,088
Total Liabilities and Net Assets / Fund Balance$1,566,881$1,535,207▼ $31,674

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$691,214$5,088,454$5,779,668
Land$286,483-$286,483
Other Assets Org$7,806--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$838,613
Program Service Revenue
$521,444
Investment Income
$163
Other Revenue
$11,003
Change in Net Assets
$36,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,223
Total Revenue per Audited Statements
$1,371,223
Total Revenue per Form 990
$1,371,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$948,769
Salaries, Compensation, and Employee Benefits$386,366
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$523,834--$523,834
Other Salaries and Wages$214,908$99,765-$314,673
Depreciation Depletion$113,178--$113,178
Interest$85,523--$85,523
Office Expenses-$63,007-$63,007
Insurance$41,940--$41,940
Fees for Services Accounting-$41,366-$41,366
Other Employee Benefits$38,514--$38,514
Payroll Taxes$33,179--$33,179
Advertising-$12,377-$12,377
Other Expenses$148$8,481-$8,629
Fees for Services Legal-$3,408-$3,408
Conferences and Meetings-$2,301-$2,301
Total Functional Expenses$1,104,430$230,705$0$1,335,135

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,335,135
Total Expenses per Audited Statements$1,335,135
Total Expenses per Form 990$1,335,135
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$40,949
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
2018-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lc Demon Carey
Voting Board Members
11
Independent Board Members
11
Employees
7

Preparer

Firm
Pettit & Company LLC
Address
435 E MAIN ST STE 195, GREENWOOD, IN 46143
Preparer
John J Pettit
Phone
3177438120
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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/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
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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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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01104430
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02075893
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IRS990/TotalProgramServiceRevenueAmt0521444
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01371223
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-472924
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IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LC DEMON CAREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TANNER TERRACE INC
ReturnHeader/Filer/BusinessNameControlTxt0TANN
ReturnHeader/Filer/EIN0860344610
ReturnHeader/Filer/USAddress/AddressLine1Txt0700 E JEFFERSON STREET SUITE 230
ReturnHeader/Filer/USAddress/CityNm0PHOENIX
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId029AF61812DDEB3950B609BBE759A45A365C0D844
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.58.107.90
ReturnHeader/FilingSecurityInformation/IPDt02018-11-27
ReturnHeader/FilingSecurityInformation/IPTm021:54:16
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0465446838
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PETTIT & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0435 E MAIN ST STE 195
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENWOOD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046143
ReturnHeader/PreparerPersonGrp/PhoneNum03177438120
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J PETTIT
ReturnHeader/ReturnTs02018-11-27T19:54:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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