Civic Intelligence

Central Terrace

990 • Fiscal year 2016 • EIN 91-1142962

Jun 01, 2015 to May 31, 2016 • Filed on Nov 17, 2016

422 W Riverside No 1420Spokane, WA 99201

(509) 747-2158

Siviq Scores

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

Liabilities / Assets

95th percentile

1.35x

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

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

2.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

37th percentile

-1.2%

Higher net margin than 37% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

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.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

25th percentile

-3.9%

Faster asset growth than 25% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

45th percentile

0.9%

Faster revenue growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$2,858,137

Down $117,052 (-3.9%) from 2015

Net Assets

Down

-$1,007,261

Down $20,109 (-2.0%) from 2015

Liabilities

Down

$3,865,398

Down $96,943 (-2.4%) from 2015

Revenue

Up

$1,630,957

Up $15,052 (+0.9%) from 2015

Expenses

Up

$1,651,066

Up $56,467 (+3.5%) from 2015

Net Income

Down

-$20,109

Down $41,415 (-194%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0-$5.0MAssets 2010: $3,333,113Liabilities 2010: $4,319,136Net Assets 2010: -$986,0232010Assets 2011: $3,284,202Liabilities 2011: $4,262,619Net Assets 2011: -$978,4172011Assets 2012: $3,183,085Liabilities 2012: $4,209,377Net Assets 2012: -$1,026,2922012Assets 2013: $3,135,919Liabilities 2013: $4,119,757Net Assets 2013: -$983,8382013Assets 2014: $3,049,735Liabilities 2014: $4,058,193Net Assets 2014: -$1,008,4582014Assets 2015: $2,975,189Liabilities 2015: $3,962,341Net Assets 2015: -$987,1522015Assets 2016: $2,858,137Liabilities 2016: $3,865,398Net Assets 2016: -$1,007,2612016Assets 2017: $3,595,652Liabilities 2017: $4,594,797Net Assets 2017: -$999,1452017Assets 2018: $7,863,517Liabilities 2018: $299,421Net Assets 2018: $7,564,0962018Assets 2019: $8,275,589Liabilities 2019: $937,601Net Assets 2019: $7,337,9882019Assets 2020: $8,240,311Liabilities 2020: $889,821Net Assets 2020: $7,350,4902020Assets 2021: $8,256,166Liabilities 2021: $886,210Net Assets 2021: $7,369,9562021Assets 2022: $816,112Liabilities 2022: $797,572Net Assets 2022: $18,5402022Assets 2023: $803,152Liabilities 2023: $792,898Net Assets 2023: $10,2542023Assets 2024: $738,494Liabilities 2024: $778,475Net Assets 2024: -$39,9812024Assets 2025: $683,317Liabilities 2025: $755,898Net Assets 2025: -$72,5812025

Highlighted filing

2016

Assets$2,858,137
Liabilities$3,865,398
Net Assets-$1,007,261

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,389,8702010Expenses 2011: $1,428,6332011Expenses 2012: $1,492,6552012Revenue 2013: $1,557,017Expenses 2013: $1,514,563Net Income 2013: $42,4542013Revenue 2014: $1,610,875Expenses 2014: $1,635,495Net Income 2014: -$24,6202014Revenue 2015: $1,615,905Expenses 2015: $1,594,599Net Income 2015: $21,3062015Revenue 2016: $1,630,957Expenses 2016: $1,651,066Net Income 2016: -$20,1092016Revenue 2017: $1,708,605Expenses 2017: $1,700,489Net Income 2017: $8,1162017Revenue 2018: $9,694,571Expenses 2018: $1,131,330Net Income 2018: $8,563,2412018Revenue 2019: $271,338Expenses 2019: $496,645Net Income 2019: -$225,3072019Revenue 2020: $543,230Expenses 2020: $558,718Net Income 2020: -$15,4882020Revenue 2021: $589,218Expenses 2021: $329,752Net Income 2021: $259,4662021Revenue 2022: $1,158,963Expenses 2022: $331,266Net Income 2022: $827,6972022Revenue 2023: $263,483Expenses 2023: $269,200Net Income 2023: -$5,7172023Revenue 2024: $272,654Expenses 2024: $288,107Net Income 2024: -$15,4532024Revenue 2025: $278,909Expenses 2025: $311,501Net Income 2025: -$32,5922025

Highlighted filing

2016

Revenue$1,630,957
Expenses$1,651,066
Net Income-$20,109
Jump To
Filing Snapshot
Filing Period
Jun 1, 2015 to May 31, 2016
Signed
Nov 17, 2016
Return Version
2015v2.1
Gross Receipts
$1,630,957
Mission and Program Overview

Mission

Provide low-income housing.

LOW-INCOME HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,552,672$1,406,333▼ $146,339
Savings and Temporary Cash Investments$100,286$136,663▲ $36,377
Prepaid Expenses and Deferred Charges$68,323$16,756▼ $51,567
Accounts Receivable$16,325$5,118▼ $11,207
Total Assets$2,975,189$2,858,137▼ $117,052
Other Assets Total$1,237,583$1,293,267▲ $55,684
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,811,701$3,725,881▼ $85,820
Other Liabilities$75,769$77,506▲ $1,737
Accounts Payable and Accrued Expenses$74,871$62,011▼ $12,860
Total Liabilities$3,962,341$3,865,398▼ $96,943
Net Assets / Fund Balance
Unrestricted Net Assets$-987,152$-1,007,261▼ $20,109
Total Net Assets Fund Balance$-987,152$-1,007,261▼ $20,109
Total Liabilities and Net Assets / Fund Balance$2,975,189$2,858,137▼ $117,052

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,046,241$5,467,896-
Land$360,092--
Other Assets Org$43,333--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph C KiefferPresident
Dave WalkerDirector
Lauire BossDirector
Pat WilliamsDirector
Scott MillerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$1,005,861
Program Service Revenue
$623,987
Investment Income
$1,109
Other Revenue
$0
Change in Net Assets
$-20,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,630,957
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,630,957
Total Revenue per Form 990
$1,630,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,535,112
Salaries, Compensation, and Employee Benefits$115,954
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$244,386--$244,386
Depreciation Depletion$243,826--$243,826
Fees for Services Management$116,955--$116,955
Other Salaries and Wages$93,211--$93,211
All Other Expenses$82,976--$82,976
Insurance$62,427--$62,427
Other Expenses$35,533--$35,533
Fees for Services Accounting$21,755--$21,755
Office Expenses$13,618--$13,618
Other Employee Benefits$12,620--$12,620
Payroll Taxes$10,123--$10,123
Advertising$3,704--$3,704
Conferences and Meetings$1,927--$1,927
Total Functional Expenses$1,651,066$0$0$1,651,066

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,651,066
Total Expenses per Audited Statements$1,651,066
Total Expenses per Form 990$1,651,066
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 Deposits$41,370
Accrued Interest$20,118
Accrued Taxes$15,279
Rent Deffered Credits$739
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The form 990 is provided to the board and signed by the president.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Central Terrace Corporation
EIN
91-1142962
Phone
5097472158
Address
422 W RIVERSIDE NO 1420, SPOKANE, WA 99201

Signing Officer

Name
Joseph C Kieffer
Title
President
Phone
5097472158
Signed
2016-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph C Kieffer
Formed
1990
Legal Domicile
Wa
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Schoedel & Schoedel Cpas Pllc
Address
422 W RIVERSIDE AVE STE 1420, SPOKANE, WA 99201-0395
Preparer
Darcy a Skjothaug CPA
Phone
5097472158
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C, Oversight of the Compilation

The board has oversight of the compilation. No changes have occurred from the previous year.

Raw XML Appendix393 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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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01046241
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05467896
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06514137
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01651066
IRS990ScheduleD/LandGrp/BookValueAmt0360092
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0360092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01083666
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2144901
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt35000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt443333
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0HUD REQUIRED RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INVESTMENT IN MOSES LAKE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2LOAN COSTS NET OF ACCUM AMORT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3INVESTMENT IN COVENTRY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0739
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt141370
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215279
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt320118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEFFERED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01630957
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01406333
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01293267
IRS990ScheduleD/TotalExpensesPerForm990Amt01651066
IRS990ScheduleD/TotalLiabilityAmt077506
IRS990ScheduleD/TotalRevenuePerForm990Amt01630957
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01630957
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01651066
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS PROVIDED TO THE BOARD AND SIGNED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD HAS OVERSIGHT OF THE COMPILATION. NO CHANGES HAVE OCCURRED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XII, LINE 2C, OVERSIGHT OF THE COMPILATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02975189
IRS990/TotalAssetsEOYAmt02858137
IRS990/TotalAssetsGrp/BOYAmt02975189
IRS990/TotalAssetsGrp/EOYAmt02858137
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01005861
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01651066
IRS990/TotalFunctionalExpensesGrp/TotalAmt01651066
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03962341
IRS990/TotalLiabilitiesEOYAmt03865398
IRS990/TotalLiabilitiesGrp/BOYAmt03962341
IRS990/TotalLiabilitiesGrp/EOYAmt03865398
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-987152
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1007261
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01651066
IRS990/TotalProgramServiceRevenueAmt0623987
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01109
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0623987
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01630957
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02975189
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02858137
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-987152
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1007261
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0601 W MAIN
IRS990/USAddress/CityNm0SPOKANE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd099201
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH C KIEFFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05097472158
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL TERRACE CORPORATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O SCHOEDEL & SCHOEDEL CPA'S
ReturnHeader/Filer/BusinessNameControlTxt0CENT
ReturnHeader/Filer/EIN0911142962
ReturnHeader/Filer/PhoneNum05097472158
ReturnHeader/Filer/USAddress/AddressLine1Txt0422 W RIVERSIDE NO 1420
ReturnHeader/Filer/USAddress/CityNm0SPOKANE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd099201
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910614823
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHOEDEL & SCHOEDEL CPAS PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0422 W RIVERSIDE AVE STE 1420
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SPOKANE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0992010395
ReturnHeader/PreparerPersonGrp/PhoneNum05097472158
ReturnHeader/PreparerPersonGrp/PreparationDt02016-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARCY A SKJOTHAUG CPA
ReturnHeader/ReturnTs02016-11-15T00:00:00-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-06-01
ReturnHeader/TaxPeriodEndDt02016-05-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.76$0.07$0.28$0.31$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.74$0.78$0.04$0.27$0.29$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.80$0.79$0.01$0.26$0.27$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.82$0.80$0.02$1.16$0.33$0.83
2021Detailed filing. Detailed filing data is available for this year.$8.26$0.89$7.37$0.59$0.33$0.26
2020Detailed filing. Detailed filing data is available for this year.$8.24$0.89$7.35$0.54$0.56$0.02
2019Detailed filing. Detailed filing data is available for this year.$8.28$0.94$7.34$0.27$0.50$0.23
2018Detailed filing. Detailed filing data is available for this year.$7.86$0.30$7.56$9.69$1.13$8.56
2017Detailed filing. Detailed filing data is available for this year.$3.60$4.59$1.00$1.71$1.70$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.86$3.87$1.01$1.63$1.65$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.98$3.96$0.99$1.62$1.59$0.02
2014Detailed filing. Detailed filing data is available for this year.$3.05$4.06$1.01$1.61$1.64$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$4.12$0.98$1.56$1.51$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.18$4.21$1.03$1.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.28$4.26$0.98$1.43
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$4.32$0.99$1.39