Nonprofit · EIN 57-1057043
CANAL APARTMENTS INC
Tax-exempt · BLUFFTON, SC 29910
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $231,268 | $268,871 | -$37,603 | $258,488 | $8,750 | $249,738 |
| December 31, 2024 | 990 | $227,734 | $258,854 | -$31,120 | $287,341 | $0 | $287,341 |
| December 31, 2023 | 990 | $214,451 | $304,405 | -$89,954 | $318,461 | $0 | $318,461 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $230,610
- Investment income
- $658
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $137,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,200
- Depreciation
- $1,411
- Program services (functional)
- $261,571
- Management and general (functional)
- $7,300
Balance sheet and other
- Total assets, start of year
- $287,341
- Total assets, end of year
- $258,488
- Total liabilities, end of year
- $8,750
- Net assets, end of year
- $249,738
- Land, buildings and equipment
- $192,161
- Net assets without donor restrictions
- $249,738
- Gross receipts
- $231,268
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1998
- State of legal domicile
- SC
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE BRAUDE | PRESIDENT/DIRECTOR Trustee or director, Officer | 2 | $0 |
| JESSICA BENDER | SECRETARY/DIRECTOR Trustee or director, Officer | 2 | $0 |
| GEORGE WILLIAMS | VICE PRESIDENT/TREASURER/DIRECTOR Trustee or director, Officer | 2 | $0 |
| KATHI WILLIAMS | RESIGNED '25 Trustee or director, Officer | 0 | $0 |
| SUSAN WILLIAMS | RESIGNED '25 Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE BRAUDE | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KATHI WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 |
| SUSAN WILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE BRAUDE | CHAIR Trustee or director, Officer | 2 | $0 |
| KATHI WILLIAMS | SECRETARY Trustee or director, Officer | 2 | $0 |
| SUSAN WILLIAMS | TREASURER Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1925, BLUFFTON, SC 29910-1925
- In care of
- % VICKI STACIE SULLIVAN
- Principal officer (990 for 2025)
- JOYCE BRAUDE, PO BOX 1925, BLUFFTON, SC 29910
- Signed the 990
- JOYCE BRAUDE, CHAIR
- Phone
- (843) 757-3900
- Return prepared by
- CASSIDY ADVISORS AND ACCOUNTANTS LLC
Mission
TO PROVIDE SUBSIDIZED HOUSING FOR TENANTS, GIVING PREFERENCE TO THOSE WITH MENTAL ILLNESS.
Program accomplishments
- TO PROVIDE SUBSIDIZED HOUSING FOR TENANTS, GIVING PREFERENCE TO THOSE WITH MENTAL ILLNESS.Expenses $261,571 · grants $137,500 · revenue $230,610
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-1057043
- 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
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P32)
- Assets (IRS master file)
- $258,488
- Income (IRS master file)
- $231,268
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $231,268 | $268,871 | $258,488 | XML |
| 990 | December 2024 | $227,734 | $258,854 | $287,341 | IRS |
| 990 | December 2023 | $214,451 | $304,405 | $318,461 | XML |
| 990 | December 2022 | $213,482 | $314,166 | $408,415 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 57-1057043).
Questions about CANAL APARTMENTS INC
- What is the EIN of CANAL APARTMENTS INC?
- The employer identification number (EIN) of CANAL APARTMENTS INC is 57-1057043.
- Is CANAL APARTMENTS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to CANAL APARTMENTS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CANAL APARTMENTS INC 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 CANAL APARTMENTS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CANAL APARTMENTS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CANAL APARTMENTS INC?
- The 990 for the year ended December 31, 2025 names JOYCE BRAUDE.
- Who are the officers and directors of CANAL APARTMENTS INC?
- The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CANAL APARTMENTS INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $231,268, expenses of $268,871 and total assets of $258,488 at year end.
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All nonprofits in BLUFFTON · South Carolina · Human services