Nonprofit · EIN 58-1945770
TERRACE HOMES INC
Tax-exempt · MALVERN, AR 72104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $102,127 | $88,584 | $13,543 | $214,586 | $23,702 | $190,884 |
| December 31, 2024 | 990-EZ | $80,194 | $75,145 | $5,049 | $206,669 | $29,328 | $177,341 |
| December 31, 2023 | 990-EZ | $75,968 | $76,952 | -$984 | $193,079 | $20,787 | $172,292 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Program service revenue
- $101,718
- Investment income
- $409
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $25,308
- Professional fees and payments to contractors
- $16,486
- Occupancy
- $7,386
- Other expenses
- $39,404
- Program services (functional)
- $71,195
Balance sheet and other
- Total assets, start of year
- $206,669
- Total assets, end of year
- $214,586
- Total liabilities, end of year
- $23,702
- Net assets, end of year
- $190,884
- Cash, savings and investments
- $963
- Land and buildings
- $114,251
- Gross receipts
- $102,127
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C CARL SCHULTZ | PRESIDENT | 0 | $0 |
| CYNTHIA WHEELER | SECRETARY | 0 | $0 |
| JEFFREY OWENS | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C CARL SCHULTZ | PRESIDENT | 0 | $0 |
| CYNTHIA WHEELER | SECRETARY | 0 | $0 |
| JEFFREY OWENS | TREASURER | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C CARL SCHULTZ | PRESIDENT | 0 | $0 |
| CYNTHIA WHEELER | SECRETARY | 0 | $0 |
| JEFFREY OWENS | TREASURER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 212 S MAIN ST, MALVERN, AR 72104-3735
- In care of
- % JEFFREY OWENS
- Mailing address (990-N for 2016)
- 8101 I-30 Suite A, Little Rock AR 72209
- Principal officer (990-N for 2016)
- Jeffrey Owens, 8101 I-30 Sutie A, Little Rock AR 72209
- Signed the 990-EZ
- C CARL SCHULTZ, PRESIDENT
- Phone
- (501) 280-0037
- Return prepared by
- FLEET FIRM
Mission
TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Program accomplishments
- TO PROVIDE LOW-INCOME HOUSING TO THE DISABLED IN JONESBORO, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.Expenses $71,195
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 58-1945770
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $214,586
- Income (IRS master file)
- $102,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $102,127 | $88,584 | $214,586 | XML |
| 990-EZ | December 2024 | $80,194 | $75,145 | $206,669 | XML |
| 990-EZ | December 2023 | $75,968 | $76,952 | $193,079 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Jeffrey Owens | December 31, 2016 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1945770).
Questions about TERRACE HOMES INC
- What is the EIN of TERRACE HOMES INC?
- The employer identification number (EIN) of TERRACE HOMES INC is 58-1945770.
- Is TERRACE HOMES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to TERRACE HOMES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERRACE HOMES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TERRACE HOMES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TERRACE HOMES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of TERRACE HOMES INC?
- The 990-N for 2016 names Jeffrey Owens.
- Who are the officers and directors of TERRACE HOMES INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does TERRACE HOMES INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $102,127, expenses of $88,584 and total assets of $214,586 at year end.
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