Public Charity

CANAL APARTMENTS INC

CANAL APARTMENTS INC is a Public Charity headquartered in BLUFFTON, SC. Financial data from the 2025 filing: $231K revenue, $269K expenses, $258K total assets. IRS filings disclose 1 grants awarded by this foundation, totaling roughly $138K.

EIN: 571057043 BLUFFTON, SC Foster Care NTEE: P32 Latest filing: 2025
Total Revenue$231K
Total Expenses$269K
Total Assets$258K
Grants Given1
Grant Total$138K
Filing Years2021–2025

Mission

TO PROVIDE SUBSIDIZED HOUSING FOR TENANTS, GIVING PREFERENCE TO THOSE WITH MENTAL ILLNESS.

Where $100 goes at Canal Apartments Inc

How Canal Apartments Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$97 Programs the work itself
$3 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $97 for programs

$97
To provide subsidized housing for tenants, giving preference to those with mental illness
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

VICE PRESIDENT/TREASURER/DIRECTOR George Williams
SECRETARY/DIRECTOR Jessica Bender
PRESIDENT/DIRECTOR Joyce Braude
RESIGNED '25 Kathi Williams
RESIGNED '25 Susan Williams

Officer compensation and complete director data available with membership.

Top Grant Purposes

Mental Health & Substance Abuse
$137,500 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $231K $269K $258K
2024 $228K $259K $287K
2023 $214K $304K $318K
2022 $213K $314K $408K
2021 $174K $169K $509K

Between 2021 and 2025, reported annual revenue grew from $174K to $231K (+33%), with total assets most recently reported at $258K.

Interactive year-over-year charts and full filing details available with membership.

Grant Geography

Grants from this foundation were reported to recipients in SC.

SC

Full geographic grant map with state-by-state breakdown available with membership.

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