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Terrace Homes Inc

  • Malvern, AR
  • Tax-exempt since Sept. 1991
  • EIN: 58-1945770

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Senior Citizens' Housing/Retirement Communities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$76k (2023)

Expenses
$77k (2023)

Total Assets
$193k (2023)

Total Liabilities
$20.8k (2023)

Source: Form 990 tax filings from 2017 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$75,968
Expenses
$76,952
Net Income
-$984
Net Assets
$172,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $75,767
99.7%
Investment Income $201
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $193,079
Total Liabilities $20,787
Net Assets $172,292
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Wheeler (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on Feb. 29, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$67,365
Expenses
$72,285
Net Income
-$4,920
Net Assets
$173,276
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,288
99.9%
Investment Income $77
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $196,124
Total Liabilities $22,848
Net Assets $173,276
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Wheeler (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on Feb. 18, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$61,263
Expenses
$64,240
Net Income
-$2,977
Net Assets
$178,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $61,236
100.0%
Investment Income $27
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $197,827
Total Liabilities $19,631
Net Assets $178,196
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Wheeler (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on March 12, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$67,462
Expenses
$57,840
Net Income
$9,622
Net Assets
$181,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $67,431
100.0%
Investment Income $31
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $205,530
Total Liabilities $24,357
Net Assets $181,173
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Wheeler (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on Feb. 13, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$65,211
Expenses
$60,254
Net Income
$4,957
Net Assets
$171,551
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,183
100.0%
Investment Income $28
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $193,910
Total Liabilities $22,359
Net Assets $171,551
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Knoerr (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on Feb. 23, 2020

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$66,077
Expenses
$63,839
Net Income
$2,238
Net Assets
$166,594
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $66,048
100.0%
Investment Income $29
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $194,653
Total Liabilities $28,059
Net Assets $166,594
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Knoerr (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on March 8, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,566
Expenses
$52,117
Net Income
$5,449
Net Assets
$164,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $57,547
100.0%
Investment Income $19
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $185,302
Total Liabilities $20,946
Net Assets $164,356
Compensation
Key Employees and Officers Compensation Other
C Carl Schultz (President) $0 $0
Cynthia Knoerr (Secretary) $0 $0
Jeffrey Owens (Treasurer) $0 $0

Document Links

990-EZ
Filed on March 26, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated