WILLOW TERRACE INC

EIN: 742835142 501(c)(3) Housing & Shelter

Albuquerque, NM

Total Revenue
$145,051
Total Expenses
$158,320
Total Assets
$383,223
Net Assets
$-619,127
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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
1997
Legal Domicile
NM
Tax Period
2023-07-01 to 2024-06-30

WILLOW TERRACE INC, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $145K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME DISABLED PERSON

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $144,980
Investment Income $71
Other Revenue $0
TOTAL REVENUE $145,051

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,122
Fundraising Expenses $0
Program Expenses $158,320
Other Expenses $127,198
TOTAL EXPENSES $158,320

Year-over-Year Comparison

2023 2022 Change
Revenue $145,051 $134,977 +0.1%
Expenses $158,320 $181,260 -0.1%
Net Income $-13,269 $-46,283 -0.7%
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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA SUMMERS PRESIDENT 4.00
Officer Director
$0 $0 $0
MICHELLE DRUM SECRETARY 1.00
Officer Director
$0 $0 $0
ALLEN DRUM TREASURER 1.00
Officer 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 No data No data No data No data
2024 $145,051 $158,320 $383,223 $-13,269
2023 $134,977 $181,260 $390,365 $-46,283
2022 $109,429 $149,352 $416,209 $-39,923
2021 $122,542 $110,502 $441,685 $12,040
2020 $89,744 $133,796 $462,459 $-44,052
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