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Sixty Two Plaza Central INC

Tax-deductible

Easley, SC501(c)(3)EIN 57-0847464Revenue $299K in FY2025

On file with the IRS118 Legion St Apt B, 29642-1657 · Easley, SCTax-exempt since Oct 1987Publicly supported charity — 170(b)(1)(A)(vi)

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Sixty-Two Plaza Central, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 24-unit project known as Sixty-Two Plaza apartments located in Central, south carolina, which provides housing for low income elderly persons, pursuant to section 202 of the national housing act, as amended.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $45K a year · 16% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$398K
61% of total assets
Fine: liabilities are 61% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$299K
+2% vs prior year
Spent
$259K
To programs
75%
Net assets
$259K
By yearFY2021–FY2025
Revenue
$299K
FY2025▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$297K
FY2022$276K
FY2023$275K
FY2024$293K
FY2025$299K
Expenses
$259K
FY2025▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2021$259K
FY2022$274K
FY2023$203K
FY2024$220K
FY2025$259K
Net assets
$259K
FY2025▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$72K
FY2022$74K
FY2023$146K
FY2024$219K
FY2025$259K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1987.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $194K Management & general 25% · $65K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gary Hinton
President
$0Pt VII · Sec A
Dr E W Rabon
Board Member
$0Pt VII · Sec A
Ashley Corso
Board Member
$0Pt VII · Sec A
Sam Gillespie
Board Member
$0Pt VII · Sec A
Kent Dykes
Board Member
$0Pt VII · Sec A
Jarrel Alexander
Board Member
$0Pt VII · Sec A
Tommy Chastain
Board Member
$0Pt VII · Sec A
See Sixty Two Plaza Central INC executive salaries →

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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 15aNo

Programs and updates

Provides affordable housing for low-income elderly individuals.

Questions for Sixty Two Plaza Central INC

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Provided by the organization

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1 program · $194K · in their own filed words · FY2024
01

Sixty-two plaza central, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of south carolina. The corporation was formed for the purpose of operating a 24-UNIT project known as sixty-two plaza apartments located in central, south carolina, which provides housing for low income elderly…

$194Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$299K
Ln 12
Gifts and grantsLn 1h$217K
Fees for servicesLn 2g$78K
Investment incomeLn 3$4K
Money outPt IX
$259K
Ln 25
Programscol B$194K
Managementcol C$65K
Owns and owesPt X
$259K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$658K
LiabilitiesLn 26$398K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$217K
Government grantsLn 1e$217K
Fees for servicesLn 2g$78K
Investment incomeLn 3$4K
Other incomeLn 4–11$694
Total revenueLn 12$299K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
InvestmentsLn 11–13$235K
Land, buildings, equipmentLn 10c$376K
Other assetsLn 15$8K
Total assetsLn 16$658K
LiabilitiesLn 26$398K
Net assetsLn 32$259K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$49K$2K
InvestmentsLn 11–13$243K$235K
Land, buildings, equipmentLn 10c$366K$376K
Total assetsLn 16$690K$658K
LiabilitiesLn 26$471K$398K
Net assetsLn 32$219K$259K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$15K$15K
Accounting feesLn 11c$4K$4K
Advertising and promotionLn 12$22$22
Office expensesLn 13$10K$10K
OccupancyLn 16$140K$140K
TravelLn 17$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$88K$52K$35K
Total functional expensesLn 25$259K$194K$65K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $299K$259K$40K$259K 990 PDF
FY2024 $293K$220K$73K$219K 990 PDF
FY2023 $275K$203K$73K$146K 990 PDF
FY2022 $276K$274K$2K$74K 990 PDF
FY2021 $297K$259K$38K$72K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $299,314 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,246$217,082
I-9 Program service revenuePrior year $81,415$77,722
I-10 Investment incomePrior year $3,946$3,816
I-11 Other revenuePrior year $1,014$694
I-12 Total revenuePrior year $292,621$299,314
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $219,942$259,044
I-18 Total expensesPrior year $219,942$259,044
I-19 Revenue less expensesPrior year $72,679$40,270
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $299,314 across 6 lines filed
VIII-1e Government grants$217,082
VIII-1h Total contributions, gifts and grants$217,082
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $77,722$77,722
VIII-3 Investment incomeExcluded from tax $3,816$3,816
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $694$694
VIII-12 Total revenueRelated to mission $77,722 · Unrelated business $0 · Excluded from tax $4,510$299,314
Part IX · Statement of functional expenses $259,044 across 8 lines filed
IX-11a Management feesManagement $14,688$14,688
IX-11c Accounting feesManagement $4,138$4,138
IX-12 Advertising and promotionManagement $22$22
IX-13 Office expensesManagement $9,601$9,601
IX-16 OccupancyPrograms $139,530$139,530
IX-17 TravelManagement $1,138$1,138
IX-23 InsurancePrograms $2,112$2,112
IX-24 Other expenses (24a–d)Programs $52,423 · Management $35,392$87,815
IX-25 Total functional expensesPrograms $194,065 · Management $64,979 · Fundraising $0$259,044
Part X · Balance sheet $657,849 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $48,912$2,030
X-4 Accounts receivableStart of year $2,123$18,598
X-9 Prepaid expenses and deferred chargesStart of year $21,996$18,516
X-10c Land, buildings and equipment, netStart of year $365,833$375,733
X-13 Program-related investmentsStart of year $243,437$234,612
X-15 Other assetsStart of year $8,005$8,360
X-16 Total assetsStart of year $690,306$657,849
X-17 Accounts payable and accrued expensesStart of year $58,551$24,709
X-19 Deferred revenueStart of year $1,854$1,502
X-25 Other liabilitiesStart of year $44,894$46,127
X-26 Total liabilitiesStart of year $471,144$398,417
X-27 Net assets without donor restrictionsStart of year $219,162$259,432
X-32 Total net assets or fund balancesStart of year $219,162$259,432
X-33 Total liabilities and net assetsStart of year $690,306$657,849
Part XI · Reconciliation of net assets $259,432 net assets at year end
XI-1 Total revenue$299,314
XI-2 Total expenses$259,044
XI-3 Revenue less expenses$40,270
XI-4 Net assets at start of year$219,162
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$259,432

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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