Civic Intelligence

Central Terrace

990 • Fiscal year 2021 • EIN 91-1142962

Jun 01, 2020 to May 31, 2021 • Filed on Oct 28, 2021

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

47th percentile

0.11x

Higher debt load relative to assets than 47% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

87th percentile

1.50x

Higher debt load relative to revenue than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

83rd percentile

44%

Higher net margin than 83% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

25th percentile

0.2%

Faster asset growth than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

45th percentile

8.5%

Faster revenue growth than 45% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,256,166

Up $15,855 (+0.2%) from 2020

Net Assets

Up

$7,369,956

Up $19,466 (+0.3%) from 2020

Liabilities

Down

$886,210

Down $3,611 (-0.4%) from 2020

Revenue

Up

$589,218

Up $45,988 (+8.5%) from 2020

Expenses

Down

$329,752

Down $228,966 (-41%) from 2020

Net Income

Up

$259,466

Up $274,954 (+1775%) from 2020

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

2021

Assets$8,256,166
Liabilities$886,210
Net Assets$7,369,956

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

2021

Revenue$589,218
Expenses$329,752
Net Income$259,466
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Oct 28, 2021
Return Version
2020v4.1
Gross Receipts
$589,218
Mission and Program Overview

Mission

Provide low-income housing.

LOW-INCOME HOUSING.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$7,227,852$7,380,747▲ $152,895
Land, Buildings, and Equipment, Net$604,036$551,314▼ $52,722
Intangible Assets$80,737$78,291▼ $2,446
Cash and Non-Interest-Bearing Accounts$123,310$23,065▼ $100,245
Prepaid Expenses and Deferred Charges$15,512$13,285▼ $2,227
Accounts Receivable$2,240$204▼ $2,036
Total Assets$8,240,311$8,256,166▲ $15,855
Other Assets Total$186,624$209,260▲ $22,636
Liabilities
Mortgage Notes Payable Secured by Investment Property$865,573$854,630▼ $10,943
Accounts Payable and Accrued Expenses$18,033$26,339▲ $8,306
Other Liabilities$6,215$5,241▼ $974
Total Liabilities$889,821$886,210▼ $3,611
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,350,490$7,369,956▲ $19,466
Total Net Assets Fund Balance$7,350,490$7,369,956▲ $19,466
Total Liabilities and Net Assets / Fund Balance$8,240,311$8,256,166▲ $15,855

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$486,237$960,004$1,446,241
Land$65,077-$65,077
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joseph C KiefferPresident
Dave WalkerDirector
Heather VandeventerDirector
Jan GriffinDirector
Mary Beth RivettiDirector
Pat WilliamsDirector
Scott MillerDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$157,774
Program Service Revenue
$95,819
Investment Income
$335,625
Other Revenue
$0
Change in Net Assets
$259,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$292,979
Salaries, Compensation, and Employee Benefits$36,773
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$58,178--$58,178
Interest$45,250--$45,250
Other Salaries and Wages$26,429--$26,429
All Other Expenses$17,820--$17,820
Other Expenses$17,159--$17,159
Fees for Services Management$16,392--$16,392
Insurance$13,243--$13,243
Fees for Services Accounting$7,160--$7,160
Other Employee Benefits$7,144--$7,144
Office Expenses$5,088--$5,088
Payroll Taxes$3,200--$3,200
Advertising$700--$700
Fees for Services Legal$625--$625
Total Functional Expenses$329,752$0$0$329,752
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$5,241
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
2021-10-28
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 XI, LINE 9:

Transfer to episcopal diocese of spokane -240,000.

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 Appendix397 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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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0335625
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0279366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt053531
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt038035
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0620
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0707177
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01250510
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08650855
IRS990ScheduleA/OtherIncome170Grp/TotalAmt08650855
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.18980
IRS990ScheduleA/PublicSupportPY170Pct00.25200
IRS990ScheduleA/PublicSupportTotal170Amt02191977
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0157774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0157631
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0135676
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0671730
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01069166
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02191977
IRS990ScheduleA/TotalSupportAmt011550009
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/BookValueAmt0486237
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0960004
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01446241
IRS990ScheduleD/LandGrp/BookValueAmt065077
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt065077
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05241
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0551314
IRS990ScheduleD/TotalLiabilityAmt05241
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/ExplanationTxt2TRANSFER TO EPISCOPAL DIOCESE OF SPOKANE -240,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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 XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C, OVERSIGHT OF THE COMPILATION
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt08240311
IRS990/TotalAssetsEOYAmt08256166
IRS990/TotalAssetsGrp/BOYAmt08240311
IRS990/TotalAssetsGrp/EOYAmt08256166
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0157774
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0329752
IRS990/TotalFunctionalExpensesGrp/TotalAmt0329752
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0889821
IRS990/TotalLiabilitiesEOYAmt0886210
IRS990/TotalLiabilitiesGrp/BOYAmt0889821
IRS990/TotalLiabilitiesGrp/EOYAmt0886210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07350490
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07369956
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0329752
IRS990/TotalProgramServiceRevenueAmt095819
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0156185
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0275259
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0589218
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt08240311
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt08256166
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH C KIEFFER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05097472158
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-10-28
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/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/PreparationDt02021-10-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DARCY A SKJOTHAUG CPA
ReturnHeader/ReturnTs02021-11-08T16:31:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOSEPH
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KIEFFER
ReturnHeader/TaxPeriodBeginDt02020-06-01
ReturnHeader/TaxPeriodEndDt02021-05-31
ReturnHeader/TaxYr02020

Document Assets

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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. 2021 filings • 501(c)3 • $5M-$10M nonprofits