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Washington Place INC

Tax-deductible

Sumter, SC501(c)(3)Since 1993Housing EIN 57-0958595Revenue $147K in FY2025

On file with the IRS14 S Washington St, 29150-5126 · Sumter, SCTax-exempt since Oct 1992Publicly supported — 509(a)(2)

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Washington Place, 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 16 unit project known as Washington Place apartments located in sumter, south carolina, which provides housing for low income persons with disabilities. The corporation receives housing assistance from the u.s. Department of housing and urban development pursuant to section 811 of the national housing act, as amended. The apartment community commenced operations in august 1993.

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

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
2 of 6
filings with a surplus
Average deficit $7K a year · 5% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Plus $298K in investments, Pt X · Ln 11–13
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$789K
128% of total assets
Concern: liabilities are 128% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$147K
+9% vs prior year
Spent
$160K
To programs
84%
Net assets
−$173K
By yearFY2020–FY2025
Revenue
$147K
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$131K
FY2021$133K
FY2022$141K
FY2023$141K
FY2024$134K
FY2025$147K
Expenses
$160K
FY2025▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$121K
FY2021$147K
FY2022$142K
FY2023$139K
FY2024$156K
FY2025$160K
Net assets
−$173K
FY2025▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$124K
FY2021−$138K
FY2022−$140K
FY2023−$138K
FY2024−$160K
FY2025−$173K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1992.

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% · $133K Management & general 16% · $26K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Ed Bouknight
Treasurer
$0Pt VII · Sec A
Jeff Hamm
Vice Preside
$0Pt VII · Sec A
A Joy Jay
Ex.dir.mha O
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Washington Place 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 individuals with disabilities.

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Provided by the organization

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1 program · $133K · in their own filed words · FY2025
01

Provide housing for low income persons with disabilities

$133Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Conley Family FoundationFY2022$500
Total grants receivedfrom 1 funder$500

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$147K
Ln 12
Fees for servicesLn 2g$146K
Investment incomeLn 3$639
Other incomeLn 4–11$135
Money outPt IX
$160K
Ln 25
Programscol B$133K
Managementcol C$26K
Owns and owesPt X
−$173K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$616K
LiabilitiesLn 26$789K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$146K
Investment incomeLn 3$639
Other incomeLn 4–11$135
Total revenueLn 12$147K
Assets in detailPt X, end of year
CashLn 1$2K
SavingsLn 2$15K
Cash and savings togetherLn 1–2$17K
InvestmentsLn 11–13$298K
Land, buildings, equipmentLn 10c$213K
Other assetsLn 15$4K
Total assetsLn 16$616K
LiabilitiesLn 26$789K
Net assetsLn 32−$173K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$38K$17K
InvestmentsLn 11–13$292K$298K
Land, buildings, equipmentLn 10c$232K$213K
Total assetsLn 16$574K$616K
LiabilitiesLn 26$734K$789K
Net assetsLn 32−$160K−$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$10K$10K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$34K$29K$5K
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$160K$133K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $147K$160K−$13K−$173K 990 PDF
FY2024 $134K$156K−$22K−$160K 990 PDF
FY2023 $141K$139K$1K−$138K 990 PDF
FY2022 $141K$142K−$2K−$140K 990 PDF
FY2021 $133K$147K−$14K−$138K 990 PDF
FY2020 $131K$121K$10K−$124K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $146,549 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $134,219$145,775
I-10 Investment incomePrior year $255$639
I-11 Other revenue$135
I-12 Total revenuePrior year $134,474$146,549
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $46,162$47,207
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $110,223$112,303
I-18 Total expensesPrior year $156,385$159,510
I-19 Revenue less expensesPrior year −$21,911−$12,961
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $146,549 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $145,775$145,775
VIII-3 Investment incomeRelated to mission $639$639
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $135$135
VIII-12 Total revenueRelated to mission $146,549$146,549
Part IX · Statement of functional expenses $159,510 across 11 lines filed
IX-7 Other salaries and wagesPrograms $37,256$37,256
IX-9 Other employee benefitsPrograms $6,548$6,548
IX-10 Payroll taxesPrograms $3,403$3,403
IX-11a Management feesManagement $10,242$10,242
IX-11c Accounting feesManagement $11,310$11,310
IX-11g Other fees for servicesPrograms $9,188$9,188
IX-13 Office expensesPrograms $6,567$6,567
IX-22 Depreciation, depletion and amortizationPrograms $20,248$20,248
IX-23 InsurancePrograms $19,429$19,429
IX-24 Other expenses (24a–d)Programs $29,148 · Management $4,744$33,892
IX-24e All other expensesPrograms $1,427$1,427
IX-25 Total functional expensesPrograms $133,214 · Management $26,296 · Fundraising $0$159,510
Part X · Balance sheet $615,808 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $23,617$1,897
X-2 Savings and temporary cash investmentsStart of year $14,800$14,800
X-4 Accounts receivableStart of year $4,717$81,074
X-9 Prepaid expenses and deferred chargesStart of year $2,120$2,120
X-10c Land, buildings and equipment, netStart of year $232,253$213,458
X-13 Program-related investmentsStart of year $291,830$298,051
X-15 Other assetsStart of year $4,408$4,408
X-16 Total assetsStart of year $573,745$615,808
X-17 Accounts payable and accrued expensesStart of year $49,648$102,758
X-19 Deferred revenueStart of year $1,112$3,510
X-25 Other liabilitiesStart of year $7,873$7,389
X-26 Total liabilitiesStart of year $734,133$789,157
X-32 Total net assets or fund balancesStart of year −$160,388−$173,349
X-33 Total liabilities and net assetsStart of year $573,745$615,808
Part XI · Reconciliation of net assets −$173,349 net assets at year end
XI-1 Total revenue$146,549
XI-2 Total expenses$159,510
XI-3 Revenue less expenses−$12,961
XI-4 Net assets at start of year−$160,388
XI-10 Net assets at end of year−$173,349

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

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