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Nonprofit · EIN 77-0158519

TERRACE GARDENS INC

Tax-exempt · MILPITAS, CA 95035

Financials

$2.6M$2.5M2023$2.8M$2.6M2024$2.7M$2.8M2025
Revenue Expenses · by fiscal year end
Financials of TERRACE GARDENS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$2,686,412$2,793,328-$106,916$10,694,943$575,457$10,119,486
December 31, 2024990$2,762,890$2,629,733$133,157$10,637,121$410,719$10,226,402
December 31, 2023990$2,607,745$2,521,341$86,404$10,492,737$399,492$10,093,245
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$160,758
of which government grants
$160,758
Program service revenue
$2,574,997
Investment income
-$49,343
Net gain from sales of assets
-$186,029
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$476,264
Salaries, compensation and benefits (total)
$612,443
Professional fundraising fees
$0
Legal fees
$1,725
Accounting fees
$40,955
Occupancy
$334,192
Travel
$25
Depreciation
$363,325
Program services (functional)
$2,664,079
Management and general (functional)
$129,249

Balance sheet and other

Total assets, start of year
$10,637,121
Total assets, end of year
$10,694,943
Total liabilities, end of year
$575,457
Net assets, end of year
$10,119,486
Land, buildings and equipment
$6,495,704
Net assets without donor restrictions
$10,118,681
Net assets with donor restrictions
$805
Gross receipts
$2,872,441
Employees
0
Volunteers
7
Year formed
1986
State of legal domicile
CA

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 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
JILL KAUFFMANPRESIDENT
Trustee or director, Officer
1$0
THOMAS VALOREVICE PRESIDENT
Trustee or director, Officer
1$0
STEVEN SHARPSECRETARY/TREASURER
Trustee or director, Officer
1$0
YOLIE GARCIADIRECTOR
Trustee or director
1$0
MARSHA GRILLIDIRECTOR
Trustee or director
1$0
NASIR LALANIDIRECTOR
Trustee or director
1$0
JAMES NICHOLSDIRECTOR (THRU 7/25)
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
JILL KAUFFMANPRESIDENT
Trustee or director, Officer
1$0
DOLORES HOVEYVICE PRESIDENT (THRU 03/24)
Trustee or director, Officer
1$0
THOMAS VALOREVICE PRESIDENT (START 03/24)
Trustee or director, Officer
1$0
STEVEN SHARPSECRETARY/TREASURER
Trustee or director, Officer
1$0
YOLIE GARCIADIRECTOR
Trustee or director
1$0
MARSHA GRILLIDIRECTOR
Trustee or director
1$0
NASIR LALANIDIRECTOR
Trustee or director
1$0
DEEPKA LALWANIDIRECTOR (THRU 05/24)
Trustee or director
1$0
JAMES NICHOLSDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JIL KAUFFMANPRESIDENT
Trustee or director, Officer
1$0
DOLORES HOVEYVICE PRESIDENT
Trustee or director, Officer
1$0
NASIR LALANISECRETARY/TREASURER
Trustee or director, Officer
1$0
DEEPKA LALWANIDIRECTOR
Trustee or director
1$0
JAMES NICHOLSDIRECTOR
Trustee or director
1$0
THOMAS VALOREDIRECTOR
Trustee or director
1$0
STEVEN SHARPDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
186 BERESFORD COURT, MILPITAS, CA 95035-4406
Principal officer (990 for 2025)
JILL KAUFFMAN, 186 BERESFORD COURT, MILPITAS, CA 95035
Signed the 990
JILL KAUFFMAN, PRESIDENT
Phone
(831) 438-5725
Return prepared by
ARMANINO ADVISORY LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 77-0158519 or by the name TERRACE GARDENS INC.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

THE PUBLIC PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED INCLUDE THE DEVELOPMENT AND MANAGEMENT OF LOW AND MODERATE INCOME HOUSING IN THE STATE OF CALIFORNIA.

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION DEVELOPS AND MANAGES THE OPERATIONS OF A RESIDENTIAL COMPLEX WHICH CONSISTS OF 148 RENTAL UNITS, 3 GUEST ROOMS, AND 2 STAFF UNITS. THE COMPLEX IS LOCATED IN THE CITY OF MILPITAS AND IS DEDICATED TO THE NEEDS OF ELDERLY PERSONS. A TOTAL OF 180 PEOPLE WERE SERVED DURING THE YEAR.
    Expenses $1,957,823 · revenue $1,921,659
  • FOOD SERVICES ARE PROVIDED FOR THE WELL-BEING OF THE ELDERLY TENANTS, FOR A NUMBER OF 180 PEOPLE.
    Expenses $706,256 · revenue $653,338

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
77-0158519
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,694,943
Income (IRS master file)
$2,872,441

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$2,686,412$2,793,328$10,694,943XML
990December 2024$2,762,890$2,629,733$10,637,121XML
990December 2023$2,607,745$2,521,341$10,492,737XML
990December 2022$2,340,403$2,414,946$10,437,260IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

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 77-0158519).

Questions about TERRACE GARDENS INC

What is the EIN of TERRACE GARDENS INC?
The employer identification number (EIN) of TERRACE GARDENS INC is 77-0158519.
Is TERRACE GARDENS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to TERRACE GARDENS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TERRACE GARDENS 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 GARDENS 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 GARDENS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of TERRACE GARDENS INC?
The 990 for the year ended December 31, 2025 names JILL KAUFFMAN.
Who are the officers and directors of TERRACE GARDENS INC?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does TERRACE GARDENS INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $2,686,412, expenses of $2,793,328 and total assets of $10,694,943 at year end.

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