Civic Intelligence

Central Terrace

990 • Fiscal year 2017 • EIN 91-1142962

Jun 01, 2016 to May 31, 2017 • Filed on Sep 28, 2017

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

1.28x

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

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

Liabilities / Revenue

92nd percentile

2.69x

Higher debt load relative to revenue than 92% of similar nonprofits.

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

Net Margin

41st percentile

0.5%

Higher net margin than 41% 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

84th percentile

26%

Faster asset growth than 84% of similar nonprofits.

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

Revenue Growth

51st percentile

4.8%

Faster revenue growth than 51% of similar nonprofits.

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

Assets

Up

$3,595,652

Up $737,515 (+26%) from 2016

Net Assets

Up

-$999,145

Up $8,116 (+0.8%) from 2016

Liabilities

Up

$4,594,797

Up $729,399 (+19%) from 2016

Revenue

Up

$1,708,605

Up $77,648 (+4.8%) from 2016

Expenses

Up

$1,700,489

Up $49,423 (+3.0%) from 2016

Net Income

Up

$8,116

Up $28,225 (+140%) from 2016

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

2017

Assets$3,595,652
Liabilities$4,594,797
Net Assets-$999,145

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

2017

Revenue$1,708,605
Expenses$1,700,489
Net Income$8,116
Jump To
Filing Snapshot
Filing Period
Jun 1, 2016 to May 31, 2017
Signed
Sep 28, 2017
Return Version
2016v3.0
Gross Receipts
$1,708,605
Mission and Program Overview

Mission

Provide low-income housing.

LOW-INCOME HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,406,333$1,172,743▼ $233,590
Savings and Temporary Cash Investments$136,663$994,872▲ $858,209
Accounts Receivable$5,118$47,597▲ $42,479
Prepaid Expenses and Deferred Charges$16,756$14,761▼ $1,995
Total Assets$2,858,137$3,595,652▲ $737,515
Other Assets Total$1,293,267$1,365,679▲ $72,412
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,725,881$3,633,447▼ $92,434
Other Liabilities$77,506$877,048▲ $799,542
Accounts Payable and Accrued Expenses$62,011$84,302▲ $22,291
Total Liabilities$3,865,398$4,594,797▲ $729,399
Net Assets / Fund Balance
Unrestricted Net Assets$-1,007,261$-999,145▲ $8,116
Total Net Assets Fund Balance$-1,007,261$-999,145▲ $8,116
Total Liabilities and Net Assets / Fund Balance$2,858,137$3,595,652▲ $737,515

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$812,651$5,705,812$6,518,463
Land$360,092-$360,092
Other Assets Org$43,881--
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
$1,069,166
Program Service Revenue
$638,819
Investment Income
$620
Other Revenue
$0
Change in Net Assets
$8,116

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,708,605
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,708,605
Total Revenue per Form 990
$1,708,605
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,557,976
Salaries, Compensation, and Employee Benefits$142,513
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$243,344--$243,344
Interest$237,739--$237,739
Fees for Services Management$121,181--$121,181
Other Salaries and Wages$109,614--$109,614
All Other Expenses$78,641--$78,641
Insurance$46,097--$46,097
Other Expenses$36,262--$36,262
Fees for Services Accounting$22,290--$22,290
Payroll Taxes$18,148--$18,148
Other Employee Benefits$14,751--$14,751
Office Expenses$10,066--$10,066
Advertising$5,053--$5,053
Conferences and Meetings$1,840--$1,840
Total Functional Expenses$1,700,489$0$0$1,700,489

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,700,489
Total Expenses per Audited Statements$1,700,489
Total Expenses per Form 990$1,700,489
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
Deposits$800,000
Tenant Security Deposits$42,017
Accrued Interest$19,544
Accrued Taxes$15,252
Rent Deffered Credits$235
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 11B

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
2017-09-28
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 AppendixShowing 400 of 402 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/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/BookValueAmt0812651
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05705812
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06518463
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01700489
IRS990ScheduleD/LandGrp/BookValueAmt0360092
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0360092
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01160957
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt116367
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2139474
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt35000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt443881
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/Amt0235
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt142017
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215252
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt319544
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4800000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEFFERED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01708605
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01172743
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01365679
IRS990ScheduleD/TotalExpensesPerForm990Amt01700489
IRS990ScheduleD/TotalLiabilityAmt0877048
IRS990ScheduleD/TotalRevenuePerForm990Amt01708605
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01708605
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01700489
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 11B
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/TotalAssetsBOYAmt02858137
IRS990/TotalAssetsEOYAmt03595652
IRS990/TotalAssetsGrp/BOYAmt02858137
IRS990/TotalAssetsGrp/EOYAmt03595652
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01069166
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01700489
IRS990/TotalFunctionalExpensesGrp/TotalAmt01700489
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03865398
IRS990/TotalLiabilitiesEOYAmt04594797
IRS990/TotalLiabilitiesGrp/BOYAmt03865398
IRS990/TotalLiabilitiesGrp/EOYAmt04594797
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1007261
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-999145
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01700489
IRS990/TotalProgramServiceRevenueAmt0638819
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0620
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0638819
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01708605
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02858137
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03595652
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1007261
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-999145
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/SignatureDt02017-09-28
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/FilingSecurityInformation/AtSubmissionCreationDeviceId0DD7CF1DCBFEBACD0D660E66DF0A17CADEE732C83
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0219489B5F4202BCE6EF21208459666DA5BBE8458
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.114.231.3
ReturnHeader/FilingSecurityInformation/IPDt02017-09-28
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm009:55:15
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/PreparationDt02017-09-26
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARCY A SKJOTHAUG CPA
ReturnHeader/ReturnTs02017-10-13T12:36:49-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-06-01

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2017 filings • 501(c)3 • $1M-$5M nonprofits