Civic Intelligence

Tanner Terrace Inc.

990 • Fiscal year 2021 • EIN 86-0344610

Oct 01, 2020 to Sep 30, 2021 • Filed on Jan 10, 2022

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

1.17x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

1.60x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

39th percentile

6.4%

Higher net margin than 39% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

77th percentile

29%

Faster asset growth than 77% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

0.9%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,980,575

Up $450,132 (+29%) from 2020

Net Assets

Up

-$343,386

Up $92,883 (+21%) from 2020

Liabilities

Up

$2,323,961

Up $357,249 (+18%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin39th percentile

Revenue

Up

$1,449,938

Up $13,373 (+0.9%) from 2020

Expenses

Down

$1,357,055

Down $57,511 (-4.1%) from 2020

Net Income

Up

$92,883

Up $70,884 (+322%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2021

Assets$1,980,575
Liabilities$2,323,961
Net Assets-$343,386
Open 2021 Filing

Operations Trend

Revenue Growth34th 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

2021

Revenue$1,449,938
Expenses$1,357,055
Net Income$92,883
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jan 10, 2022
Return Version
2020v4.0
Gross Receipts
$1,449,938
Mission and Program Overview

Mission

Tnner terrace provides affordable housing for low income elderly residents.

Tanner terrace provides affordable housing for low income elderly residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$749,398$673,336▼ $76,062
Cash and Non-Interest-Bearing Accounts$112,236$370,886▲ $258,650
Prepaid Expenses and Deferred Charges$169$344,086▲ $343,917
Accounts Receivable-$1,238-
Total Assets$1,530,443$1,980,575▲ $450,132
Other Assets Total$668,640$591,029▼ $77,611
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,781,374$1,725,873▼ $55,501
Accounts Payable and Accrued Expenses$148,536$556,551▲ $408,015
Other Liabilities$36,802$41,537▲ $4,735
Total Liabilities$1,966,712$2,323,961▲ $357,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-436,269$-343,386▲ $92,883
Total Net Assets Fund Balance$-436,269$-343,386▲ $92,883
Total Liabilities and Net Assets / Fund Balance$1,530,443$1,980,575▲ $450,132

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$386,853$5,392,815$5,779,668
Land$286,483-$286,483
Other Assets Org$37,040--
Compensation and Service Providers
Top Officer Pay39th 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
$0
Program Service Revenue
$1,442,289
Investment Income
$222
Other Revenue
$7,427
Change in Net Assets
$92,883
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,187,250
Salaries, Compensation, and Employee Benefits$169,805
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$727,760--$727,760
Office Expenses$49,689$74,232-$123,921
Other Salaries and Wages-$95,496-$95,496
Interest$88,226--$88,226
Insurance$76,226--$76,226
Depreciation Depletion$76,062--$76,062
Other Employee Benefits$52,322--$52,322
Other Expenses$42,387--$42,387
Fees for Services Accounting-$39,986-$39,986
Payroll Taxes$21,987--$21,987
Advertising-$8,734-$8,734
Fees for Services Legal-$3,753-$3,753
Conferences and Meetings-$195-$195
Total Functional Expenses$1,134,659$222,396$0$1,357,055
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$41,537
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
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 has 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
2022-01-10
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Crace Beam Cpas LLC
Address
9763 WESTPOINT DRIVE, INDIANAPOLIS, IN 46256
Preparer
Jason L Crace CPA
Phone
3179913322
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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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IRS990/PYTotalExpensesAmt01414566
IRS990/PYTotalRevenueAmt01436565
IRS990/ReconcilationRevenueExpnssAmt092883
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0851969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0838613
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0809887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03369715
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0222
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IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0386853
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05392815
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05779668
IRS990ScheduleD/LandGrp/BookValueAmt0286483
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0286483
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0318120
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1194902
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt240967
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt337040
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041537
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0673336
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0591029
IRS990ScheduleD/TotalLiabilityAmt041537
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NO REVIEW HAS 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt01980575
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0222396
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01134659
IRS990/TotalFunctionalExpensesGrp/TotalAmt01357055
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01966712
IRS990/TotalLiabilitiesEOYAmt02323961
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IRS990/TotalLiabilitiesGrp/EOYAmt02323961
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-343386
IRS990/TotalProgramServiceExpensesAmt01134659
IRS990/TotalProgramServiceRevenueAmt01442289
IRS990/TotalRevenueGrp/ExclusionAmt0222
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01449716
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01449938
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01530443
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01980575
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LC DEMON CAREY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-01-10
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AZ
ReturnHeader/Filer/USAddress/ZIPCd085034
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262182951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRACE BEAM CPAS LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt09763 WESTPOINT DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046256
ReturnHeader/PreparerPersonGrp/PhoneNum03179913322
ReturnHeader/PreparerPersonGrp/PreparationDt02022-01-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JASON L CRACE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-01-25T11:16:15-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LC DEMON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CAREY
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,980,575
Liabilities
$2,323,961
Net assets
-$343,386
Revenue
$1,449,938
Expenses
$1,357,055
Net income
$92,883
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