Overview
What is Central Terrace Corporation C/O Schoedel & Schoedel Cpa's?
Central Terrace Corporation C/O Schoedel & Schoedel CPA's is a nonprofit organization situated in Spokane, Washington. Its primary mission is to provide affordable housing for the elderly, low-income families, and individuals, adhering to guidelines set by the U.S. Department of Housing and Urban Development (HUD). With a total of 191 units, this charitable organization is dedicated to contributing to the community's social welfare by providing shelter, thereby addressing the housing needs of vulnerable population segments.
Is Central Terrace Corporation C/O Schoedel & Schoedel Cpa's legitimate?
Central Terrace Corporation C/O Schoedel & Schoedel Cpa's is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Terrace Corporation C/O Schoedel & Schoedel Cpa's submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,303
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What is the mission statement of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's?
Central Terrace Corporation, under the oversight of Schoedel & Schoedel CPA's, is organized with charitable, religious, educational, and scientific objectives in mind. It primarily focuses on distributing funds to organizations that meet the criteria for exemption under Section 501(C)(3) of the Internal Revenue Code or its corresponding section in future federal tax codes. The corporation's primary mission is to provide affordable housing for the elderly, low-income families, and individuals, adhering to the guidelines set by the Department of Housing and Urban Development (HUD). As of now, there are 191 housing units available under its care.
Who is the CEO of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's?
Joseph C Kieffer is the Director of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's.
What is the revenue of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's?
Central Terrace Corporation C/O Schoedel & Schoedel Cpa's's revenue in 2023 was $263,483.
Who are the executives of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Central Terrace Corporation C/O Schoedel & Schoedel Cpa's?
Central Terrace Corporation C/O Schoedel & Schoedel Cpa's's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's
Central Terrace Corporation C/O Schoedel & Schoedel Cpa's is an organization with a charitable, religious, educational, and scientific mission. It is structured to distribute funds to other organizations that fall under the umbrella of Section 501(c)(3) of the Internal Revenue Code or its corresponding section in any future federal tax code. The primary purpose of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's is to provide housing for elderly individuals and low-income families, adhering to guidelines set by the Department of Housing and Urban Development (HUD). Currently, the organization manages 191 units to serve this clientele.
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Impact
October, 2024
Central Terrace Corporation C/O Schoedel & Schoedel CPA's significantly contributes to the wellbeing of the Spokane community by providing essential low-income housing. With 191 units dedicated to elderly individuals, low-income families, and individuals, the organization plays a crucial role in addressing housing insecurity in the area.
By adhering to HUD guidelines, Central Terrace ensures that its housing projects are not only affordable but also meet quality standards that enhance residents' living conditions. This commitment provides a stable and safe environment for those in need, fostering community stability and improving overall quality of life.
Moreover, through its mission, the organization supports charitable activities and initiatives that benefit the broader community, making it an integral part of Spokane's efforts to promote inclusive and accessible housing solutions. By focusing on vulnerable populations, Central Terrace Corporation helps to create a supportive network that empowers residents, contributes to social equity, and aids in the fight against poverty.
This information is meant to be a general summary of Central Terrace Corporation C/O Schoedel & Schoedel Cpa's. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,482
- Program Service Revenue: $94,738
- Gross Receipts: $263,483
Assets and Liabilities:
- Total Assets: $803,152
- Total Liabilities: $792,898
- Net Assets: $10,254
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$93,140
LAUNDRY AND OTHER
Revenue
$1,598
Organization Details
Founding Year
1990
Phone
(509) 747-2158Principal Officer
Joseph C Kieffer
Main Address
422 W RIVERSIDE 1420, SPOKANE, WA, 99201
NTEE Category
Code: L21Z - Housing
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