Terrific Inc
- Assets
- $2.3m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 54
- Location
- Washington, DC
- Founding
- 06/1986
- Data as of
- 09/2023
- EIN
- 52-1177254
Organization Overview
Terrific Inc is located in Washington, DC. The organization was established in 1986. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Terrific Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terrific Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Terrific Inc generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TERRIFIC INC'S MISSION IS TO PROVIDE SAFE AFFORDABLE HOUSING AND COMPREHENSIVE SUPPORT SERVICES TO INDIVIDUALS AND FAMILIES IN CRISIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH FUNDING FROM THE DEPARTMENT OF AGING AND COMMUNITY LIVING, TERRIFIC INC'S REGIONAL SENIOR SERVICE AGENCY(RESSA) SERVES DISTRICT RESIDENTS 60 YEARS OLD AND OLDER IN DISTRICT WARDS 1,2 AND 4. THIS CENTRALIZED RESSA SERVICES INCLUDE 19 COMMUNITY DINNING SITES, DAILY MEALS TO HOMEBOUND SENIORS NUTRITION SERVICES, CARGIVER RESPITE CARE; SOCIAL RECREATIONAL/CULTURAL ACTIVITIES; HEALTH PROMOTIONS; OASIS HOMELESS SENIOR CENTER, THE ASIAN PACIFIC ISLANDER SENIOR CENTER.
TERRIFIC, INC AND BOCA PHARMACY GROUP STRATEGIC PARTNERSHIP AND ALLIANCE IS TO DELIVER EXPERTISE AND COMMITTED CARE TO CHALLENGED/ HIGH RISK/UNDERSERVED TERRIFIC INC. CONSUMERS. TERRIFIC INC. AND BOCA PHARMACY GROUP AIM IS TO GREATLY ENHANCE PATIENTS' MEDICAL COMPLIANCE, MEDICAL PARTICIPATION RATES, AND OVERALL HEALTH OUTCOMES THROUGH RED CARPET, SIMPLE ACCESS, NO COST HOME DELIVERED PRESCRIPTION DELIVERY, AND MEDICAL EQUIPMENT SERVICES.
SENIOR CITIZEN HOUSING: THE SENIOR CITIZEN INDEPENDENT-LIVING HOUSING PROGRAM IS OPERATED THROUGH THE TERRIFIC INN #1 PROJECT. THE INN PROVIDES HOUSING FOR 14 LOW INCOME ADULTS. THE UNITED STATES DEPARTMENT OF HOUSING (HUD) FINANCED THE PURCHASE OF THE BUILDING AND PROVIDES TENANT RENT SUBSIDIES. TENANT PAYS INCOME BASED CONTRIBUTIONS FOR THEIR RENT.
HIV NON MEDICAL CASE MANAGMENT AND HIV HOUSING COUNSELING PROGRAM. TERRIFIC INC. PROVIDES HIV NON MEDICAL CASE SERVICESAND HIV HOUSING COUNSELING PROGRAMS TO DISTRICT RESIDENTS LIVING WITH HIV/AIDS. SERVICES ENSURE QUALITY CARE AND HEALTHY LIVING FOR PERSONS LIVING WITH HIV AND DECREASES HIV TRANSMISSION AND INFECTION. FUNDING IS PROVIDED THROUGH THE DISTRICT OF DEPARTMENT OF HEALTH-HIV/AIDS, HEPATITUS, STD, TUBERCULOSIS ADMINISTRATION (HAHSTA).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joan Mccarley Executive Director | OfficerTrustee | 40 | $122,584 |
Debbie Tate President | OfficerTrustee | 40 | $107,068 |
Juan Smith Secretary/treasurer | Trustee | 1 | $0 |
Daniel Wilson Board Member | Trustee | 1 | $0 |
Laverte Mathis Board Member | Trustee | 1 | $0 |
Jennifer Joffe Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dc Health Link Consulting | 9/29/22 | $196,262 |
Elhadji Diagne Accoutning Services | 9/29/22 | $126,739 |
Dixon Shane Llc Consulting | 9/29/22 | $101,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,289,930 |
| All other contributions, gifts, grants, and similar amounts not included above | $358,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,648,616 |
| Total Program Service Revenue | $57,309 |
| Investment income | $8,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,714,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,079,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $204,442 |
| Payroll taxes | $195,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $133,858 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $731,083 |
| Advertising and promotion | $250 |
| Office expenses | $47,439 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $160,646 |
| Travel | $5,426 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,732 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,571 |
| Insurance | $66,223 |
| All other expenses | $84,454 |
| Total functional expenses | $3,913,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,978 |
| Savings and temporary cash investments | $540,272 |
| Pledges and grants receivable | $778,670 |
| Accounts receivable, net | $40,417 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $568,099 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,265,436 |
| Accounts payable and accrued expenses | $86,191 |
| Grants payable | $0 |
| Deferred revenue | $20,803 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $734,844 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $841,838 |
| Net assets without donor restrictions | $1,423,598 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,265,436 |