Washington Place Inc

Organization Overview

Washington Place Inc is located in Sumter, SC. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Place 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 12/2022, Washington Place Inc generated $140.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $142.1k during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE HOUSING FOR LOW INCOME PERSONS WITH DISABILITIES


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Board, Officers & Key Employees

Name (title)Compensation
Catherine Blumberg
Secretary
$0
Charlean Miller
President
$0
Katherine Barrett
Director
$0
Catherine Watkins
Director
$0
A Joy Jay
Ex.dir.mha O
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$139,967
Investment income $56
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 $140,510

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