Tanner Terrace INC FY2021 filing

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Tanner Terrace provides affordable housing for low income elderly residents.

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0344610) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $4.0M a year · 68% of revenue · last 6 filings
A surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
3.3 mo
of spending, in cash
3.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
117% of total assets
Liabilities are 117% of assets.
Pt X · Ln 26
Independent board members
11
of 11 voting members
11 of 11 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.4M
+0.9% vs prior year
Spent
$1.4M
To programs
84%
Net assets
−$343K
By yearFY2020–FY2025
Revenue
$1.4M
FY2021▲ +0.9%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.6M
FY2023$2.5M
FY2024$1.7M
FY2025$26.4M
Expenses
$1.4M
FY2021▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.4M
FY2021$1.4M
FY2022$1.9M
FY2023$2.4M
FY2024$1.7M
FY2025$2.6M
Net assets
−$343K
FY2021▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020−$436K
FY2021−$343K
FY2022−$616K
FY2023−$506K
FY2024−$482K
FY2025$23.4M

From the FY2021 Form 990 (year ending September 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.1M Management & general 16% · $222K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Tanner Terrace INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing for low-income elderly residents.

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1 program · $1.1M · in their own filed words · FY2020
01

Tanner terrace provides affordable housing for low income elderly residents.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 86-0344610) · Dispute this line
$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Sep 2024 · $3.0M federal money spent
Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$1.9M
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$1.0M

The auditor reported: a material weakness in money controls.

Year ending Sep 2023 · $2.9M federal money spent
Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects as of October 01, 2021Department of Housing and Urban Development · ALN 14.155 · Direct$2.0M
Section 8 Housing Assistance PaymentsDepartment of Housing and Urban Development · ALN 14.195 · Direct$970K

The auditor reported no findings.

Year ending Sep 2022 · $2.6M federal money spent
Mortgage Insurance for the Purchase of Refinancing of Existing Multifamily Housing Projects as of October 01, 2021Department of Housing and Urban Development · ALN 14.155 · Direct$1.8M
Section 8 Housing Assistance PaymentsDepartment of Housing and Urban Development · ALN 14.195 · Direct$839K

The auditor reported no findings.

Year ending Sep 2021 · $2.7M federal money spent
Supportive Housing for the ElderlyDepartment of Housing and Urban Development · ALN 14.157 · Direct$1.8M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$898K

The auditor reported no findings.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$7K
Investment incomeLn 3$222
Money outPt IX
$1.4M
Ln 25
Programscol B$1.1M
Managementcol C$222K
Owns and owesPt X
−$343K
net assets · Ln 32
Cash and savingsLn 1–2$371K
Total assetsLn 16$2.0M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$222
Other incomeLn 4–11$7K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$371K
Cash and savings togetherLn 1–2$371K
Accounts receivableLn 4$1K
Prepaid expenses and deferred chargesLn 9$344K
Land, buildings, equipmentLn 10c$673K
Other assetsLn 15$591K
Total assetsLn 16$2.0M
LiabilitiesLn 26$2.3M
Net assetsLn 32−$343K
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$112K$371K
Land, buildings, equipmentLn 10c$749K$673K
Total assetsLn 16$1.5M$2.0M
LiabilitiesLn 26$2.0M$2.3M
Net assetsLn 32−$436K−$343K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$95K$95K
Other employee benefitsLn 9$52K$52K
Payroll taxesLn 10$22K$22K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$40K$40K
Advertising and promotionLn 12$9K$9K
Office expensesLn 13$124K$50K$74K
OccupancyLn 16$728K$728K
Conferences, conventions and meetingsLn 19$195$195
InterestLn 20$88K$88K
Depreciation, depletion and amortizationLn 22$76K$76K
InsuranceLn 23$76K$76K
Other expenses (24a–d)Ln 24$42K$42K
Total functional expensesLn 25$1.4M$1.1M$222K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 17, 2026 $26.4M$2.6M$23.9M$23.4M 990 PDF
FY2024Filed with the IRS Feb 14, 2025 $1.7M$1.7M$24K−$482K 990 PDF
FY2023Filed with the IRS Jan 16, 2024 $2.5M$2.4M$111K−$506K 990 PDF
FY2022Filed with the IRS Jan 24, 2023 $1.6M$1.9M−$273K−$616K 990 PDF
FY2021 ViewingFiled with the IRS Jan 25, 2022 $1.4M$1.4M$93K−$343K 990 PDF
FY2020Filed with the IRS Jan 21, 2021 $1.4M$1.4M$22K−$436K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $1,449,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $869,246$0
I-9 Program service revenuePrior year $547,105$1,442,289
I-10 Investment incomePrior year $280$222
I-11 Other revenuePrior year $19,934$7,427
I-12 Total revenuePrior year $1,436,565$1,449,938
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $194,539$169,805
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,220,027$1,187,250
I-18 Total expensesPrior year $1,414,566$1,357,055
I-19 Revenue less expensesPrior year $21,999$92,883
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,449,938 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,442,289$1,442,289
VIII-3 Investment incomeExcluded from tax $222$222
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,427$7,427
VIII-12 Total revenueRelated to mission $1,449,716 · Excluded from tax $222$1,449,938
Part IX · Statement of functional expenses $1,357,055 across 13 lines filed
IX-7 Other salaries and wagesManagement $95,496$95,496
IX-9 Other employee benefitsPrograms $52,322$52,322
IX-10 Payroll taxesPrograms $21,987$21,987
IX-11b Legal feesManagement $3,753$3,753
IX-11c Accounting feesManagement $39,986$39,986
IX-12 Advertising and promotionManagement $8,734$8,734
IX-13 Office expensesPrograms $49,689 · Management $74,232$123,921
IX-16 OccupancyPrograms $727,760$727,760
IX-19 Conferences, conventions and meetingsManagement $195$195
IX-20 InterestPrograms $88,226$88,226
IX-22 Depreciation, depletion and amortizationPrograms $76,062$76,062
IX-23 InsurancePrograms $76,226$76,226
IX-24 Other expenses (24a–d)Programs $42,387$42,387
IX-25 Total functional expensesPrograms $1,134,659 · Management $222,396 · Fundraising $0$1,357,055
Part X · Balance sheet $1,980,575 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $112,236$370,886
X-4 Accounts receivable$1,238
X-9 Prepaid expenses and deferred chargesStart of year $169$344,086
X-10c Land, buildings and equipment, netStart of year $749,398$673,336
X-15 Other assetsStart of year $668,640$591,029
X-16 Total assetsStart of year $1,530,443$1,980,575
X-17 Accounts payable and accrued expensesStart of year $148,536$556,551
X-23 Secured mortgages and notes payableStart of year $1,781,374$1,725,873
X-25 Other liabilitiesStart of year $36,802$41,537
X-26 Total liabilitiesStart of year $1,966,712$2,323,961
X-27 Net assets without donor restrictionsStart of year −$436,269−$343,386
X-32 Total net assets or fund balancesStart of year −$436,269−$343,386
X-33 Total liabilities and net assetsStart of year $1,530,443$1,980,575
Part XI · Reconciliation of net assets −$343,386 net assets at year end
XI-1 Total revenue$1,449,938
XI-2 Total expenses$1,357,055
XI-3 Revenue less expenses$92,883
XI-4 Net assets at start of year−$436,269
XI-10 Net assets at end of year−$343,386

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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