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Terrace Homes Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581945770 ✦ Little rock, AR ✦ Designated as a 501(c)(3)

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Overview

What is Terrace Homes Inc?

Terrace Homes Inc is a nonprofit organization situated in Jonesboro, Arkansas, with a mission to cater to the housing needs of individuals with disabilities. They adhere to the guidelines set by the U.S. Department of Housing and Urban Development, ensuring the provision of affordable housing options within their community. Their primary objective is to enhance the living conditions of this specific group, contributing to their overall well-being and socio-economic inclusion.

Is Terrace Homes Inc legitimate?

Terrace Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrace Homes Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Terrace Homes Inc?

Terrace Homes Inc, as an organization, is dedicated to providing low-income housing opportunities for individuals with disabilities, adhering to the guidelines set forth by the U.S. Department of Housing and Urban Development. Their mission is centered around ensuring affordable housing for this specific group, thereby contributing to their overall well-being and independence. The organization fulfills this mission by adhering to the stipulations set by the U.S. Department of Housing and Urban Development.

Who is the CEO of Terrace Homes Inc?

C Carl Schultz is the President of Terrace Homes Inc.

What is the revenue of Terrace Homes Inc?

Terrace Homes Inc's revenue in 2022 was $67,365.

Who are the executives of Terrace Homes Inc and what are their salaries?


Here are 3 key members and their salaries:


C Carl Schultz (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Wheeler (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey Owens (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Terrace Homes Inc?

Terrace Homes Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Terrace Homes Inc

Terrace Homes Inc, as a nonprofit organization, is committed to providing low-income housing opportunities for individuals with disabilities. Guided by the regulations set forth by the U.S. Department of Housing and Urban Development, Terrace Homes Inc strives to offer suitable housing solutions to this vulnerable population. The organization's mission is rooted in the belief that every individual deserves a safe and comfortable living environment, regardless of their financial circumstances or disability status. By adhering to the guidelines established by the U.S. Department of Housing and Urban Development, Terrace Homes Inc ensures that its housing is not only affordable but also meets the specific needs of the disabled residents it serves.

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Impact




August, 2024

Terrace Homes Inc has a significant impact on the community by providing low-income housing to the disabled in Jonesboro, Arkansas. Their mission is to address the housing needs of this vulnerable population based on the requirements set forth by the U.S. Department of Housing and Urban Development. Through their efforts, Terrace Homes Inc helps improve the quality of life for individuals who may face challenges accessing affordable and suitable housing options.




This information is meant to be a general summary of Terrace Homes Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$67,365 (2022)
Expenses
$72,285 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $77
  • Program Service Revenue: $67,288
  • Gross Receipts: $67,365

Assets and Liabilities:

  • Total Assets: $196,124
  • Total Liabilities: $22,848
  • Net Assets: $173,276

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Organization Details

Principal Officer

C Carl Schultz

Main Address

8101 INTERSTATE 30 SUITE A, LITTLE ROCK, AR, 72209

NTEE Category

Code: L22Z - Housing

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