Civic Intelligence

Washington Place Inc

EIN 57-0958595 • 501(c)3 • Sumter, SC

Profile

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.

14 S Washington StreetSumter, SC 29154

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

5.46x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

18th percentile

-16%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

46th percentile

1.5%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-4.3%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$573,745

Up $8,753 (+1.5%) from 2023

Liabilities

Up

$734,133

Up $30,664 (+4.4%) from 2023

Net Assets

Down

-$160,388

Down $21,911 (-16%) from 2023

Revenue

Down

$134,474

Down $6,061 (-4.3%) from 2023

Expenses

Up

$156,385

Up $17,203 (+12%) from 2023

Net Income

Down

-$21,911

Down $23,264 (-1719%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2011: $587,234Liabilities 2011: $685,069Net Assets 2011: -$97,8352011Assets 2012: $580,819Liabilities 2012: $684,537Net Assets 2012: -$103,7182012Assets 2013: $570,645Liabilities 2013: $694,789Net Assets 2013: -$124,1442013Assets 2014: $545,418Liabilities 2014: $685,862Net Assets 2014: -$140,4442014Assets 2015: $535,203Liabilities 2015: $689,601Net Assets 2015: -$154,3982015Assets 2016: $529,934Liabilities 2016: $687,372Net Assets 2016: -$157,4382016Assets 2017: $518,455Liabilities 2017: $687,616Net Assets 2017: -$169,1612017Assets 2018: $539,080Liabilities 2018: $691,022Net Assets 2018: -$151,9422018Assets 2019: $552,734Liabilities 2019: $686,462Net Assets 2019: -$133,7282019Assets 2020: $574,485Liabilities 2020: $698,328Net Assets 2020: -$123,8432020Assets 2021: $568,236Liabilities 2021: $706,517Net Assets 2021: -$138,2812021Assets 2022: $561,523Liabilities 2022: $701,354Net Assets 2022: -$139,8312022Assets 2023: $564,992Liabilities 2023: $703,469Net Assets 2023: -$138,4772023Assets 2024: $573,745Liabilities 2024: $734,133Net Assets 2024: -$160,3882024

Highlighted filing

2024

Assets$573,745
Liabilities$734,133
Net Assets-$160,388

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $100,923Expenses 2011: $101,934Net Income 2011: -$1,0112011Revenue 2012: $95,699Expenses 2012: $101,582Net Income 2012: -$5,8832012Revenue 2013: $100,796Expenses 2013: $121,222Net Income 2013: -$20,4262013Revenue 2014: $100,587Expenses 2014: $116,887Net Income 2014: -$16,3002014Revenue 2015: $99,572Expenses 2015: $113,526Net Income 2015: -$13,9542015Revenue 2016: $116,855Expenses 2016: $117,420Net Income 2016: -$5652016Revenue 2017: $120,251Expenses 2017: $131,974Net Income 2017: -$11,7232017Revenue 2018: $125,270Expenses 2018: $108,051Net Income 2018: $17,2192018Revenue 2019: $126,604Expenses 2019: $108,390Net Income 2019: $18,2142019Revenue 2020: $130,520Expenses 2020: $120,635Net Income 2020: $9,8852020Revenue 2021: $132,939Expenses 2021: $147,377Net Income 2021: -$14,4382021Revenue 2022: $140,510Expenses 2022: $142,060Net Income 2022: -$1,5502022Revenue 2023: $140,535Expenses 2023: $139,182Net Income 2023: $1,3532023Revenue 2024: $134,474Expenses 2024: $156,385Net Income 2024: -$21,9112024

Highlighted filing

2024

Revenue$134,474
Expenses$156,385
Net Income-$21,911

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.74$7.34$1.60$1.34$1.56$0.22
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$7.03$1.38$1.41$1.39$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.62$7.01$1.40$1.41$1.42$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.68$7.07$1.38$1.33$1.47$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.74$6.98$1.24$1.31$1.21$0.10
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.53$6.86$1.34$1.27$1.08$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.39$6.91$1.52$1.25$1.08$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.18$6.88$1.69$1.20$1.32$0.12
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.30$6.87$1.57$1.17$1.17$0.01
2015Detailed filing. Detailed filing data is available for this year.$5.35$6.90$1.54$1.00$1.14$0.14
2014Detailed filing. Detailed filing data is available for this year.$5.45$6.86$1.40$1.01$1.17$0.16
2013Detailed filing. Detailed filing data is available for this year.$5.71$6.95$1.24$1.01$1.21$0.20
2012Summary only. Only limited summary data is available for this year.$5.81$6.85$1.04$0.96$1.02$0.06
2011Summary only. Only limited summary data is available for this year.$5.87$6.85$0.98$1.01$1.02$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 15, 2025
Return Version
2024v5.0
Gross Receipts
$134,474
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$285,531$291,830▲ $6,299
Land, Buildings, and Equipment, Net$252,451$232,253▼ $20,198
Cash and Non-Interest-Bearing Accounts$4,848$23,617▲ $18,769
Savings and Temporary Cash Investments$14,800$14,800→ $0
Accounts Receivable$1,428$4,717▲ $3,289
Prepaid Expenses and Deferred Charges$2,120$2,120→ $0
Rtn Earn Endowment Incm Other Fnds$-138,477$-160,388▼ $21,911
Total Assets$564,992$573,745▲ $8,753
Other Assets Total$3,814$4,408▲ $594
Liabilities
Mortgage Notes Payable Secured by Investment Property$675,500$675,500→ $0
Accounts Payable and Accrued Expenses$19,891$49,648▲ $29,757
Other Liabilities$7,295$7,873▲ $578
Deferred Revenue$783$1,112▲ $329
Total Liabilities$703,469$734,133▲ $30,664
Net Assets / Fund Balance
Total Net Assets Fund Balance$-138,477$-160,388▼ $21,911
Total Liabilities and Net Assets / Fund Balance$564,992$573,745▲ $8,753

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$175,147$504,309$679,456
Equipment$7,106$141,340$148,446
Land$50,000-$50,000
Investment Program Related Org$3,417--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Charlean MillerPresident
Jeremy WilsonDirector
A Joy JayEx.dir.mha O
Ed BouknightTreasurer
Jeff HammVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$134,219
Investment Income
$255
Other Revenue
$0
Change in Net Assets
$-21,911

Audited Revenue Reconciliation

Revenue per Audited Statements
$134,474
Total Revenue per Audited Statements
$134,474
Total Revenue per Form 990
$134,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$110,223
Salaries, Compensation, and Employee Benefits$46,162
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$34,046--$34,046
Depreciation Depletion$20,668--$20,668
Insurance$16,608--$16,608
Fees for Services Accounting-$11,381-$11,381
Other Employee Benefits$9,024--$9,024
Fees for Services Management-$8,939-$8,939
Office Expenses$4,649--$4,649
Payroll Taxes$3,092--$3,092
Other Expenses$2,043$3,716-$2,043
All Other Expenses$1,427--$1,427
Conferences and Meetings-$473-$473
Fees for Services Other$120--$120
Total Functional Expenses$131,876$24,509$0$156,385

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$156,385
Total Expenses per Audited Statements$156,385
Total Expenses per Form 990$156,385
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Residual Receipts Recapture$4,106
Tenant Security Deposits$3,767
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Form 990, part vi, section a, line 3 the organization has entered into a management agreement with a management company for day-to-day management of the apartment community as is customary for owners/operators of hud-assisted rental communities. The management contract encompasses the day-to-day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment.

Form 990, Page 6, Part VI, Line 7A

Form 990, part vi, section a, line 7a the number, terms, manner of election and composition of the board shall be controlled by the sumter county mental health association, or its successors or assigns, membership on the board of directors must come from the roster of current members of said association, or non members who have the approval of the sumter county mental health association.

Form 990, Page 6, Part VI, Line 11B

Form 990, part vi, section b, line 11b the return is prepared by a certified public accounting firm and provided to the management company for initial review and approval. The return is then forwarded to the board of directors for final review, approval and signature.

Form 990, Page 6, Part VI, Line 19

Form 990, part vi, section c, line 19 documents are maintained by the board of directors and copies are provided upon request.

Filing and Contact Details

Filer

Filer Name
Washington Place Inc
EIN
57-0958595
Phone
8035361056
Address
14 S WASHINGTON STREET, SUMTER, SC 29154

Signing Officer

Name
A Joy Jay
Title
Ex.dir.mha of Sc
Phone
8035361056
Signed
2025-05-15

Organization Details

Principal Officer
A Joy Jay
Formed
1993
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Dianne Baughman CPA
Address
318 BAYSIDE RD, COLUMBIA, SC 29212
Preparer
Dianne B Baughmancpa
Phone
8037323652
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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.

Raw XML Appendix364 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt014800
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SUPPLEMENTAL INFORMATION
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0134474
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0140535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0140510
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0141340
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt115060
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt23417
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2ESCROW DEPOSITS
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WASHINGTON 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS CUSTOMARY FOR OWNERS/OPERATORS OF HUD-ASSISTED RENTAL COMMUNITIES. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY-TO-DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER, TERMS, MANNER OF ELECTION AND COMPOSITION OF THE BOARD SHALL BE CONTROLLED BY THE SUMTER COUNTY MENTAL HEALTH ASSOCIATION, OR ITS SUCCESSORS OR ASSIGNS, MEMBERSHIP ON THE BOARD OF DIRECTORS MUST COME FROM THE ROSTER OF CURRENT MEMBERS OF SAID ASSOCIATION, OR NON MEMBERS WHO HAVE THE APPROVAL OF THE SUMTER COUNTY MENTAL HEALTH ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. THE RETURN IS THEN FORWARDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW, APPROVAL AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01823 GADSDEN STREET
IRS990/USAddress/CityNm0COLUMBIA
IRS990/USAddress/StateAbbreviationCd0SC
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0A JOY JAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EX.DIR.MHA OF SC
ReturnHeader/BusinessOfficerGrp/PhoneNum08035361056
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WASHINGTON PLACE INC
ReturnHeader/Filer/BusinessNameControlTxt0WASH
ReturnHeader/Filer/EIN0570958595
ReturnHeader/Filer/PhoneNum08035361056
ReturnHeader/Filer/USAddress/AddressLine1Txt014 S WASHINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0SUMTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570542520
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DIANNE BAUGHMAN CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0318 BAYSIDE RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029212
ReturnHeader/PreparerPersonGrp/PhoneNum08037323652
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DIANNE B BAUGHMANCPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-15T13:00:39-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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