CENTRAL TERRACE CORPORATION C/O SC… - Form 990 Financial Data

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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

1990

Legal Domicile

Principal Officer

JOSEPH C KIEFFER

Phone

5097472158

Tax Period

2024-06-01 to 2025-05-31

CENTRAL TERRACE CORPORATION C/O SCHOEDEL & SCHOEDEL CPA'S, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2024. Expenses of $312K exceeded revenue, resulting in a 12% operating deficit.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

Program Service Accomplishments

Program 1

Expenses: $311,501 Revenue: $113,075

THE CORPORATION'S PURPOSE IS TO PROVIDE HOUSING FOR THE ELDERLY, LOW-INCOME FAMILIES AND INDIVIDUALS IN ACCORDANCE WITH HUD GUIDELINES. THERE ARE 191 UNITS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $159,282

Program Service Revenue $113,075

Investment Income $6,552

Other Revenue $0

TOTAL REVENUE $278,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,423

Fundraising Expenses $0

Program Expenses $311,501

Other Expenses $260,078

TOTAL EXPENSES $311,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$278,909	$272,654	+0.0%
Expenses	$311,501	$288,107	+0.1%
Net Income	$-32,592	$-15,453	+1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE WALKER	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT MILLER	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER VANDEVENTER	DIRECTOR	2.00	Director	$0	$0	$0
PAT WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
MARY BETH RIVETTI	DIRECTOR	2.00	Director	$0	$0	$0
JAN GRIFFIN	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH C KIEFFER	PRESIDENT	2.00	Officer	$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	$278,909	$311,501	$683,317	$-32,592
2024	$272,654	$288,107	$738,494	$-15,453
2023	$263,483	$269,200	$803,152	$-5,717
2022	$1,158,963	$331,266	$816,112	$827,697
2021	$589,218	$329,752	$8,256,166	$259,466
2020	$543,230	$558,718	$8,240,311	$-15,488
2019	$271,338	$496,645	$8,275,589	$-225,307

CENTRAL TERRACE CORPORATION C/O SCHOEDEL & SCHOEDEL CPA'S