TERRACE OVERVIEW HOUSING CORPORATION

EIN: 251637937 501(c)(3) Housing & Shelter

ERIE, PA

Total Revenue
$166,980
Total Expenses
$158,844
Total Assets
$464,554
Net Assets
$25,885
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
PA
Principal Officer
MATTHEW W GOOD
Phone
8144533333
Tax Period
2024-10-01 to 2025-09-30

TERRACE OVERVIEW HOUSING CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $167K in total revenue in fiscal year 2024. Expenses of $159K left a modest 5% surplus.

Mission

TERRACE OVERVIEW HOUSING CORP, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) AND IN COOPERATION WITH UNITED COMMUNITIES INDEPENDENCE PROGRAM (UCIP) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO LOW INCOME DISABLED INDIVIDUALS IN MEADVILLE, PA.

Program Service Accomplishments

Program 1
Expenses: $143,714 Revenue: $37,113

TO PROVIDE AND MAINTAIN 10 AFFORDABLE APARTMENT HOMES FOR ADULTS WITH A DEVELOPMENTAL DISABILITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,437
Program Service Revenue $36,443
Investment Income $1,430
Other Revenue $670
TOTAL REVENUE $166,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $143,714
Other Expenses $158,844
TOTAL EXPENSES $158,844

Year-over-Year Comparison

2024 2023 Change
Revenue $166,980 $168,070 0.0%
Expenses $158,844 $147,227 +0.1%
Net Income $8,136 $20,843 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN HACKWORTH PRESIDENT 1.00
Officer Director
$0 $0 $0
CAPRICE HUDSON SECRETARY 1.00
Director
$0 $0 $0
ROBERT MCMUNIGLE TREASURER 1.00
Officer Director
$0 $0 $0
ANDY BITNER BOARD MEMBER 1.00
Director
$0 $0 $0
TOM CACEK BOARD MEMBER 1.00
Director
$0 $0 $0
STAN MCCLURE BOARD MEMBER 1.00
Director
$0 $0 $0
GRETCHEN MCGINLEY BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN NOTZ BOARD MEMBER 1.00
Director
$0 $0 $0
JOEY PATTERSON BOARD MEMBER 1.00
Director
$0 $0 $0
RUTH PETERSON BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $166,980 $158,844 $464,554 $8,136
2024 $168,070 $147,227 $466,292 $20,843
2023 $156,420 $146,141 $458,578 $10,279
2022 $145,500 $146,214 $468,964 $-714
2021 $156,692 $140,862 $473,916 $15,830
2020 $155,323 $153,299 $469,118 $2,024
2019 $148,606 $136,486 $477,468 $12,120
2018 $149,022 $150,842 $496,846 $-1,820
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