Civic Intelligence

Palmetto Place Inc

EIN 57-0969948 • 501(c)3 • Columbia, SC

Profile

Palmetto 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 12 unit community known as palmetto place apartments located in summerville, south carolina, which provides housing for low-income persons with disabilities, pursuant to section 811 of the national housing act, as amended.

401 Harbison Blvd 3AColumbia, SC 29212

n/A

Siviq Scores

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

Liabilities / Assets

72nd percentile

0.03x

Higher debt load relative to assets than 72% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.08x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

49th percentile

-2.0%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

68th percentile

14%

Faster revenue growth than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$318,970

Down $6,475 (-2.0%) from 2023

Liabilities

Down

$10,392

Down $26,033 (-71%) from 2023

Net Assets

Up

$308,578

Up $19,558 (+6.8%) from 2023

Revenue

Up

$124,783

Up $15,461 (+14%) from 2023

Expenses

Down

$105,225

Down $28,069 (-21%) from 2023

Net Income

Up

$19,558

Up $43,530 (+182%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2010: $378,868Liabilities 2010: $511,179Net Assets 2010: -$132,3112010Assets 2011: $365,243Liabilities 2011: $511,395Net Assets 2011: -$146,1522011Assets 2012: $355,705Liabilities 2012: $511,713Net Assets 2012: -$156,0082012Assets 2013: $364,012Liabilities 2013: $527,683Net Assets 2013: -$163,6712013Assets 2014: $342,488Liabilities 2014: $517,332Net Assets 2014: -$174,8442014Assets 2015: $330,303Liabilities 2015: $512,234Net Assets 2015: -$181,9312015Assets 2016: $335,331Liabilities 2016: $512,990Net Assets 2016: -$177,6592016Assets 2017: $317,553Liabilities 2017: $22,501Net Assets 2017: $295,0522017Assets 2018: $308,324Liabilities 2018: $14,101Net Assets 2018: $294,2232018Assets 2019: $315,244Liabilities 2019: $20,479Net Assets 2019: $294,7652019Assets 2020: $310,338Liabilities 2020: $5,542Net Assets 2020: $304,7962020Assets 2021: $337,833Liabilities 2021: $5,793Net Assets 2021: $332,0402021Assets 2022: $321,750Liabilities 2022: $8,758Net Assets 2022: $312,9922022Assets 2023: $325,445Liabilities 2023: $36,425Net Assets 2023: $289,0202023Assets 2024: $318,970Liabilities 2024: $10,392Net Assets 2024: $308,5782024

Highlighted filing

2024

Assets$318,970
Liabilities$10,392
Net Assets$308,578

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2010: $70,605Expenses 2010: $80,852Net Income 2010: -$10,2472010Revenue 2011: $69,969Expenses 2011: $83,810Net Income 2011: -$13,8412011Revenue 2012: $79,279Expenses 2012: $89,135Net Income 2012: -$9,8562012Revenue 2013: $81,297Expenses 2013: $88,960Net Income 2013: -$7,6632013Revenue 2014: $81,598Expenses 2014: $92,771Net Income 2014: -$11,1732014Revenue 2015: $80,795Expenses 2015: $87,882Net Income 2015: -$7,0872015Revenue 2016: $89,521Expenses 2016: $85,249Net Income 2016: $4,2722016Revenue 2017: $88,451Expenses 2017: $120,740Net Income 2017: -$32,2892017Revenue 2018: $90,903Expenses 2018: $91,732Net Income 2018: -$8292018Revenue 2019: $96,039Expenses 2019: $95,497Net Income 2019: $5422019Revenue 2020: $98,783Expenses 2020: $88,752Net Income 2020: $10,0312020Revenue 2021: $111,349Expenses 2021: $84,105Net Income 2021: $27,2442021Revenue 2022: $104,713Expenses 2022: $123,761Net Income 2022: -$19,0482022Revenue 2023: $109,322Expenses 2023: $133,294Net Income 2023: -$23,9722023Revenue 2024: $124,783Expenses 2024: $105,225Net Income 2024: $19,5582024

Highlighted filing

2024

Revenue$124,783
Expenses$105,225
Net Income$19,558

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.19$0.10$3.09$1.25$1.05$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.25$0.36$2.89$1.09$1.33$0.24
2022Detailed filing. Detailed filing data is available for this year.$3.22$0.09$3.13$1.05$1.24$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.38$0.06$3.32$1.11$0.84$0.27
2020Detailed filing. Detailed filing data is available for this year.$3.10$0.06$3.05$0.99$0.89$0.10
2019Detailed filing. Detailed filing data is available for this year.$3.15$0.20$2.95$0.96$0.95$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.08$0.14$2.94$0.91$0.92$0.01
2017Detailed filing. Detailed filing data is available for this year.$3.18$0.23$2.95$0.88$1.21$0.32
2016Summary only. Only limited summary data is available for this year.$3.35$5.13$1.78$0.90$0.85$0.04
2015Summary only. Only limited summary data is available for this year.$3.30$5.12$1.82$0.81$0.88$0.07
2014Summary only. Only limited summary data is available for this year.$3.42$5.17$1.75$0.82$0.93$0.11
2013Summary only. Only limited summary data is available for this year.$3.64$5.28$1.64$0.81$0.89$0.08
2012Summary only. Only limited summary data is available for this year.$3.56$5.12$1.56$0.79$0.89$0.10
2011Summary only. Only limited summary data is available for this year.$3.65$5.11$1.46$0.70$0.84$0.14
2010Summary only. Only limited summary data is available for this year.$3.79$5.11$1.32$0.71$0.81$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 19, 2025
Return Version
2024v5.1
Gross Receipts
$124,783
Mission and Program Overview

Mission

Palmetto 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 12 unit community known as palmetto place apartments located in summerville, south carolina, which provides housing for low-income persons with disabilities, pursuant to section 811 of the national housing act, as amended.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$161,801$166,282▲ $4,481
Investments Program Related$149,599$131,682▼ $17,917
Cash and Non-Interest-Bearing Accounts$6,855$11,894▲ $5,039
Prepaid Expenses and Deferred Charges$4,534$3,988▼ $546
Accounts Receivable$134$2,601▲ $2,467
Total Assets$325,445$318,970▼ $6,475
Other Assets Total$2,522$2,523▲ $1
Liabilities
Accounts Payable and Accrued Expenses$12,711$7,100▼ $5,611
Other Liabilities$23,597$2,936▼ $20,661
Deferred Revenue$117$356▲ $239
Total Liabilities$36,425$10,392▼ $26,033
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$289,020$308,578▲ $19,558
Total Net Assets Fund Balance$289,020$308,578▲ $19,558
Total Liabilities and Net Assets / Fund Balance$325,445$318,970▼ $6,475

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$129,602$415,316$544,918
Equipment$6,014$49,986$56,000
Land$30,666-$30,666
Investment Program Related Org$3,412--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judy WeathersPresident
Kathie GoodwinVice President
Betty Moss McguirtSecretary
Harris DavisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$83,861
Program Service Revenue
$36,796
Investment Income
$3,279
Other Revenue
$847
Change in Net Assets
$19,558

Audited Revenue Reconciliation

Revenue per Audited Statements
$124,783
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$124,783
Total Revenue per Form 990
$124,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$46,595--$46,595
Other Expenses$7,674$13,784-$21,458
Depreciation Depletion$16,485--$16,485
Fees for Services Management-$9,314-$9,314
Office Expenses-$6,241-$6,241
Fees for Services Accounting-$4,920-$4,920
Insurance$170--$170
Fees for Services Legal-$42-$42
Total Functional Expenses$70,924$34,301$0$105,225

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$105,225
Total Expenses per Audited Statements$105,225
Total Expenses per Form 990$105,225
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Security Deposits$2,523
Residual Receipts Available for Recapture$413
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

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 common practice 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, 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. After any questions and comments from the management company are addressed, the return is provided to the board of directors for final review and approval. After any questions and comments from the board of directors are addressed, the final approved return is provided to the designated board officer for signature and filing.

Form 990, Part VI, Section B, Line 12C

Compliance is monitored at regularly scheduled meetings of the board of directors and at other times, if needed.

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
Palmetto Place Inc
EIN
57-0969948
Phone
8035361056
Address
401 HARBISON BLVD 3A, COLUMBIA, SC 29212
Doing Business As
Palmetto Place Apartments

Signing Officer

Name
Judy Weathers
Title
President
Phone
8035361056
Signed
2025-06-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judy Weathers
Formed
1993
Legal Domicile
Sc
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Jessica Cooper
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The management company receives a copy of the compilation. Prior to the finalization of the compilation, a copy of the compilation is given to all of the board members for their comments. When the compilation is up for bid, the board discusses the relationship with the current auditors and makes a determination as to whether to maintain this relationship or change to a new auditing firm.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state tax returns are subject to examination for three years after the later of the original or extended due date or the date filed with the applicable tax authority.

Raw XML AppendixShowing 400 of 408 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/PYRevenuesLessExpensesAmt0-23972
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0133294
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0109322
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt019558
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt036796
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt083861
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt070002
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt071482
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt074510
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt069784
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0369639
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03279
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01735
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt067
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt05180
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt036796
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt035840
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt031765
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt032116
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt027726
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0164243
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03279
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01735
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt067
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt054
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt05180
IRS990ScheduleA/InvestmentIncomeCYPct00.00940
IRS990ScheduleA/InvestmentIncomePYPct00.00370
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0847
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01745
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01399
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04669
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01228
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09888
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97260
IRS990ScheduleA/PublicSupportPY509Pct00.97800
IRS990ScheduleA/PublicSupportTotal509Amt0533882
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0120657
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0105842
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0103247
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0106626
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt097510
IRS990ScheduleA/Total509Grp/TotalAmt0533882
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0124783
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0109322
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0104713
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0111349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt098783
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0548950
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0129602
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0415316
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0544918
IRS990ScheduleD/EquipmentGrp/BookValueAmt06014
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049986
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt056000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0105225
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013702
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1114568
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt23412
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0ESCROW DEPOSITS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1RESERVE FOR REPLACEMENTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2RESIDUAL RECEIPTS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/LandGrp/BookValueAmt030666
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030666
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02523
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDUAL RECEIPTS AVAILABLE FOR RECAPTURE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0124783
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS ARE SUBJECT TO EXAMINATION FOR THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0166282
IRS990ScheduleD/TotalBookValueProgramRltdAmt0131682
IRS990ScheduleD/TotalExpensesPerForm990Amt0105225
IRS990ScheduleD/TotalLiabilityAmt02936
IRS990ScheduleD/TotalRevenuePerForm990Amt0124783
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0124783
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0105225
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ENTERED INTO A MANAGEMENT AGREEMENT WITH A MANAGEMENT COMPANY FOR DAY-TO-DAY MANAGEMENT OF THE APARTMENT COMMUNITY AS IS COMMON PRACTICE 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/ExplanationTxt1THE RETURN IS PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM AND PROVIDED TO THE MANAGEMENT COMPANY FOR INITIAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE MANAGEMENT COMPANY ARE ADDRESSED, THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. AFTER ANY QUESTIONS AND COMMENTS FROM THE BOARD OF DIRECTORS ARE ADDRESSED, THE FINAL APPROVED RETURN IS PROVIDED TO THE DESIGNATED BOARD OFFICER FOR SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPLIANCE IS MONITORED AT REGULARLY SCHEDULED MEETINGS OF THE BOARD OF DIRECTORS AND AT OTHER TIMES, IF NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE MAINTAINED BY THE BOARD OF DIRECTORS AND COPIES ARE PROVIDED UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY RECEIVES A COPY OF THE COMPILATION. PRIOR TO THE FINALIZATION OF THE COMPILATION, A COPY OF THE COMPILATION IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE COMPILATION IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0325445
IRS990/TotalAssetsEOYAmt0318970
IRS990/TotalAssetsGrp/BOYAmt0325445
IRS990/TotalAssetsGrp/EOYAmt0318970
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt083861
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034301
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt070924
IRS990/TotalFunctionalExpensesGrp/TotalAmt0105225
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt036425
IRS990/TotalLiabilitiesEOYAmt010392
IRS990/TotalLiabilitiesGrp/BOYAmt036425
IRS990/TotalLiabilitiesGrp/EOYAmt010392
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0289020
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0308578
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt070924
IRS990/TotalProgramServiceRevenueAmt036796
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt04126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt036796
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0124783
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0325445
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0318970
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0168 CLOISTER COVE LANE
IRS990/USAddress/CityNm0ORANGEBURG
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029115
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JUDY WEATHERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08035361056
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PALMETTO PLACE INC
ReturnHeader/Filer/BusinessNameControlTxt0PALM
ReturnHeader/Filer/EIN0570969948
ReturnHeader/Filer/PhoneNum08035361056
ReturnHeader/Filer/USAddress/AddressLine1Txt0401 HARBISON BLVD 3A
ReturnHeader/Filer/USAddress/CityNm0COLUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd029212
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN

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