Terrace Homes Inc
Nonprofit profile at a glance
- EIN
- 581945770
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2016
- Location
- Malvern, AR, USA
- Phone
- 5012800037
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $102,127
- Expenses
- $88,584
- Assets
- $214,586
- Liabilities
- $23,702
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- C CARL SCHULTZ (PRESIDENT)
People named in this filing
- C CARL SCHULTZ (PRESIDENT)
- CYNTHIA WHEELER (SECRETARY)
- JEFFREY OWENS (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide low-income housing to the disabled in jonesboro, Arkansas based on the requirements set forth by the u.s. Department of housing and urban development.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 82
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.4%; rating input score 69
- Program expense ratio: 80.4%; rating input score 80
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 13.3%; rating input score 61; 61st percentile among comparable filings
- Total-asset coverage ratio: 2.42; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 3.9% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 1.2% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 69.4% of revenue deployed · 80.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $71K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Liabilities to assets ratio scored 20/100.