WASHINGTON PLACE INC (EIN 570958595) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Principal Officer

A JOY JAY

Phone

8035361056

Tax Period

2025-01-01 to 2025-12-31

WASHINGTON PLACE INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $145,775

Investment Income $639

Other Revenue $135

TOTAL REVENUE $146,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,207

Fundraising Expenses $0

Program Expenses $133,214

Other Expenses $112,303

TOTAL EXPENSES $159,510

Year-over-Year Comparison

	2025	2024	Change
Revenue	$146,549	$134,474	+0.1%
Expenses	$159,510	$156,385	+0.0%
Net Income	$-12,961	$-21,911	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ED BOUKNIGHT	TREASURER	N/A	Officer Director	$0	$0	$0
JEFF HAMM	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
A JOY JAY	EX.DIR.MHA O	N/A	Director	$0	$0	$0
CHARLEAN MILLER	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEREMY WILSON	DIRECTOR	N/A	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$146,549	$159,510	$615,808	$-12,961
2024	No data	No data	No data	No data
2023	$140,535	$139,182	$564,992	$1,353
2022	$140,510	$142,060	$561,523	$-1,550
2021	$132,939	$147,377	$568,236	$-14,438
2020	$130,520	$120,635	$574,485	$9,885
2019	$126,604	$108,390	$552,734	$18,214
2018	$125,270	$108,051	$539,080	$17,219

WASHINGTON PLACE INC