Civic Intelligence

Central Terrace

990 • Fiscal year 2018 • EIN 91-1142962

Jun 01, 2017 to May 31, 2018 • Filed on Oct 31, 2018

Organization ProfileN/A
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

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

12th percentile

0.03x

Higher debt load relative to revenue than 12% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

98th percentile

88%

Higher net margin than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

97th percentile

119%

Faster asset growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

467%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$7,863,517

Up $4,267,865 (+119%) from 2017

Net Assets

Up

$7,564,096

Up $8,563,241 (+857%) from 2017

Liabilities

Down

$299,421

Down $4,295,376 (-93%) from 2017

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin98th percentile

Revenue

Up

$9,694,571

Up $7,985,966 (+467%) from 2017

Expenses

Down

$1,131,330

Down $569,159 (-33%) from 2017

Net Income

Up

$8,563,241

Up $8,555,125 (+105411%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth97th percentile

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

2018

Assets$7,863,517
Liabilities$299,421
Net Assets$7,564,096
Open 2018 Filing

Operations Trend

Revenue Growth98th percentile

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

2018

Revenue$9,694,571
Expenses$1,131,330
Net Income$8,563,241
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2017 to May 31, 2018
Signed
Oct 31, 2018
Return Version
2017v2.2
Gross Receipts
$11,418,716
Mission and Program Overview

Mission

Provide low-income housing.

LOW-INCOME HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$994,872$7,519,912▲ $6,525,040
Land, Buildings, and Equipment, Net$1,172,743$171,141▼ $1,001,602
Prepaid Expenses and Deferred Charges$14,761$21,367▲ $6,606
Accounts Receivable$47,597$69▼ $47,528
Total Assets$3,595,652$7,863,517▲ $4,267,865
Other Assets Total$1,365,679$151,028▼ $1,214,651
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,633,447$274,233▼ $3,359,214
Other Liabilities$877,048$19,229▼ $857,819
Accounts Payable and Accrued Expenses$84,302$5,959▼ $78,343
Total Liabilities$4,594,797$299,421▼ $4,295,376
Net Assets / Fund Balance
Unrestricted Net Assets$-999,145$7,564,096▲ $8,563,241
Total Net Assets Fund Balance$-999,145$7,564,096▲ $8,563,241
Total Liabilities and Net Assets / Fund Balance$3,595,652$7,863,517▲ $4,267,865

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,064$819,167$925,231
Land$65,077-$65,077
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$671,730
Program Service Revenue
$333,951
Investment Income
$8,688,890
Other Revenue
$0
Change in Net Assets
$8,563,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,037,490
Salaries, Compensation, and Employee Benefits$93,840
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$231,261--$231,261
Depreciation Depletion$145,900--$145,900
Other Salaries and Wages$77,839--$77,839
Fees for Services Management$70,646--$70,646
All Other Expenses$51,198--$51,198
Insurance$28,708--$28,708
Other Expenses$23,664--$23,664
Fees for Services Accounting$22,985--$22,985
Office Expenses$9,730--$9,730
Other Employee Benefits$9,249--$9,249
Advertising$7,178--$7,178
Payroll Taxes$6,752--$6,752
Conferences and Meetings$1,528--$1,528
Fees for Services Legal$1,003--$1,003
Total Functional Expenses$1,131,330$0$0$1,131,330
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
Accrued Taxes$14,087
Tenant Security Deposits$4,984
Rent Deffered Credits$158
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
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 A, Line 4

“The articles and bylaws were amended and updated. See attached.”

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
2018-10-31
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 Appendix378 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.

Path#Value
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0987728
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0983022
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04717507
IRS990ScheduleA/TotalSupportAmt013410055
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0106064
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0819167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0925231
IRS990ScheduleD/LandGrp/BookValueAmt065077
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14984
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt214087
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEFFERED CREDITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0171141
IRS990ScheduleD/TotalLiabilityAmt019229
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ARTICLES AND BYLAWS WERE AMENDED AND UPDATED. SEE ATTACHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PROVIDED TO THE BOARD AND SIGNED BY THE PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD HAS OVERSIGHT OF THE COMPILATION. NO CHANGES HAVE OCCURRED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TotalAssetsBOYAmt03595652
IRS990/TotalAssetsEOYAmt07863517
IRS990/TotalAssetsGrp/BOYAmt03595652
IRS990/TotalAssetsGrp/EOYAmt07863517
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0671730
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01131330
IRS990/TotalFunctionalExpensesGrp/TotalAmt01131330
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04594797
IRS990/TotalLiabilitiesEOYAmt0299421
IRS990/TotalLiabilitiesGrp/BOYAmt04594797
IRS990/TotalLiabilitiesGrp/EOYAmt0299421
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-999145
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07564096
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01131330
IRS990/TotalProgramServiceRevenueAmt0333951
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt038035
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08984806
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt09694571
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03595652
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07863517
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-999145
IRS990/UnrestrictedNetAssetsGrp/EOYAmt07564096
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0SPOKANE
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd099201
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH C KIEFFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05097472158
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-31
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
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0403FE37BABF1D91BFC889EA654B45028099FCC40
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0207.114.231.3
ReturnHeader/FilingSecurityInformation/IPDt02018-10-31
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PD
ReturnHeader/FilingSecurityInformation/IPTm016:37:11
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/PreparationDt02018-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARCY A SKJOTHAUG CPA
ReturnHeader/ReturnTs02018-12-19T17:44:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-06-01
ReturnHeader/TaxPeriodEndDt02018-05-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,863,517
Liabilities
$299,421
Net assets
$7,564,096
Revenue
$9,694,571
Expenses
$1,131,330
Net income
$8,563,241
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