Nonprofit · EIN 58-1521907
WARE TERRACE INCORPORATED
Tax-exempt · WAYCROSS, GA 31502
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $306,296 | $256,815 | $49,481 | $1,479,936 | $127,279 | $1,352,657 |
| October 31, 2024 | 990 | $307,809 | $233,122 | $74,687 | $1,514,195 | $211,019 | $1,303,176 |
| October 31, 2023 | 990 | $297,387 | $227,649 | $69,738 | $1,529,665 | $301,176 | $1,228,489 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $294,687
- Investment income
- $11,609
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $10,837
- Salaries, compensation and benefits (total)
- $11,889
- Professional fundraising fees
- $0
- Accounting fees
- $6,908
- Occupancy
- $141,711
- Depreciation
- $24,384
- Program services (functional)
- $256,815
Balance sheet and other
- Total assets, start of year
- $1,514,195
- Total assets, end of year
- $1,479,936
- Total liabilities, end of year
- $127,279
- Net assets, end of year
- $1,352,657
- Land, buildings and equipment
- $372,484
- Net assets without donor restrictions
- $1,352,657
- Gross receipts
- $306,296
- Employees
- 0
- Year formed
- 1986
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| C BILLUPS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| S BURDEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| RONALD PAULK | CFO Officer | 3 | $0 |
990 for the year ended October 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| S BURDEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| C BILLUPS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RONALD PAULK | CFO Officer | 3 | $0 |
990 for the year ended October 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| S BURDEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| C BILLUPS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RONALD PAULK | CFO Officer | 3 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1965, WAYCROSS, GA 31502-1965
- In care of
- % RONALD PAULK
- Principal officer (990 for 2024)
- C BILLUPS, P O BOX 1965, Waycross, GA 31501
- Signed the 990
- RONALD PAULK, CFO
- Phone
- (912) 283-8778
- Return prepared by
- Higginson and Paulk PC
Mission
THE PURPOSE OF THIS ORGANIZATION WAS TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 40 UNITS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD.
Program accomplishments
- THE PURPOSE OF THIS ORGANIZATION WAS TO CONSTRUCT AND OPERATE AN APARTMENT COMPLEX OF 40 UNITS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD.Expenses $256,815 · revenue $293,016
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 58-1521907
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,479,936
- Income (IRS master file)
- $306,296
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $306,296 | $256,815 | $1,479,936 | XML |
| 990 | October 2024 | $307,809 | $233,122 | $1,514,195 | XML |
| 990 | October 2023 | $297,387 | $227,649 | $1,529,665 | XML |
| 990 | October 2022 | $314,856 | $248,334 | $1,540,069 | IRS |
| 990 | October 2021 | – | – | – | IRS |
| 990 | October 2020 | – | – | – | IRS |
| 990 | October 2019 | – | – | – | IRS |
| 990 | October 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-1521907).
Questions about WARE TERRACE INCORPORATED
- What is the EIN of WARE TERRACE INCORPORATED?
- The employer identification number (EIN) of WARE TERRACE INCORPORATED is 58-1521907.
- Is WARE TERRACE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to WARE TERRACE INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WARE TERRACE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WARE TERRACE INCORPORATED due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WARE TERRACE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of WARE TERRACE INCORPORATED?
- The 990 for the year ended October 31, 2025 names C BILLUPS.
- Who are the officers and directors of WARE TERRACE INCORPORATED?
- The 990 for the year ended October 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does WARE TERRACE INCORPORATED have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $306,296, expenses of $256,815 and total assets of $1,479,936 at year end.
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