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Nonprofit · EIN 58-1521907

WARE TERRACE INCORPORATED

Tax-exempt · WAYCROSS, GA 31502

Financials

$297K$228K2022$308K$233K2023$306K$257K2024
Revenue Expenses · by fiscal year end
Financials of WARE TERRACE INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
October 31, 2025990$306,296$256,815$49,481$1,479,936$127,279$1,352,657
October 31, 2024990$307,809$233,122$74,687$1,514,195$211,019$1,303,176
October 31, 2023990$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.

NameTitleHours / weekCompensation
C BILLUPSPRESIDENT
Trustee or director, Officer
2$0
S BURDENSECRETARY
Trustee or director, Officer
1$0
RONALD PAULKCFO
Officer
3$0
990 for the year ended October 31, 2024: 3 people
NameTitleHours / weekCompensation
S BURDENSECRETARY
Trustee or director, Officer
1$0
C BILLUPSPRESIDENT
Trustee or director, Officer
2$0
RONALD PAULKCFO
Officer
3$0
990 for the year ended October 31, 2023: 3 people
NameTitleHours / weekCompensation
S BURDENSECRETARY
Trustee or director, Officer
1$0
C BILLUPSPRESIDENT
Trustee or director, Officer
2$0
RONALD PAULKCFO
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.

990 for the year ended October 31, 2025

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 yearYear endedDueIRS public records
2025October 31, 2026March 15, 2027Not due yet
2024October 31, 2025March 16, 2026990 on file
2023October 31, 2024March 17, 2025990 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

FormYear endedRevenueExpensesAssetsReturn
990October 2025$306,296$256,815$1,479,936XML
990October 2024$307,809$233,122$1,514,195XML
990October 2023$297,387$227,649$1,529,665XML
990October 2022$314,856$248,334$1,540,069IRS
990October 2021–––IRS
990October 2020–––IRS
990October 2019–––IRS
990October 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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