Metanoia

Organization Overview

Metanoia is located in North Charleston, SC. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Metanoia employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metanoia is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Metanoia generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.1m during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

METANOIA COMMUNITY DEVELOPMENT CORPORATION IS A MOVEMENT OF PEOPLE ROOTED IN FAITH. WE INVEST IN NEIGHBORHOOD ASSETS TO BUILD LEADERS, ESTABLISH QUALITY HOSUING AND GENERATE ECONOMIC DEVELOPMENT. WE ARE PEOPLE PUSHING FORWARD INTO NEW RELATIONSHIPS WITH GOD AND ONE ANOTHER TO CREATE STRONG COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LEADERSHIP DEVELOPMENT (MYLA - METANOIA YOUTH LEADERSHIP ACADEMY): THE METANOIA YOUTH LEADERSHIP ACADEMY OFFERS YEAR-ROUND LEADERSHIP DEVELOPMENT FOR STUDENTS IN THE MOST DISTRESSED NEIGHBORHOODS IN NORTH CHARLESTON. WE OFFER AFTER SCHOOL PROGRAMMING FOR 75 STUDENTS DURING THE SCHOOL YEAR AND 100 STUDENTS DURING THE SUMMER MONTHS. WE SERVE STUDENTS FROM 1ST TO 12TH GRADES AND OFFER INTERNSHIPS FOR COLLEGE GRADUATES THAT HAVE BEEN STUDENTS IN OUR PROGRAMS. METANOIA STUDENTS OUTPERFORM THEIR PEERS ON STANDARDIZED TESTING AND ATTEND COLLEGE AT A MUCH HIGHER RATE THAN THEIR PEER GROUPS. AS A PART OF THIS EFFORT METANOIA ALSO OPERATES A YOUTH ENTREPRENEURSHIP CENTER THAT TRAINS MIDDLE AND HIGH SCHOOL STUDENTS IN ENTREPRENEURSHIP AND SMALL BUSINESS SKILLS. STUDENTS ALSO HAVE THE OPPORTUNITY TO LEARN FINANCIAL LITERACY AND OPEN COLLEGE SAVINGS ACCOUNTS TO WHICH METANOIA AWARDS MATCHING DOLLARS FOR EACH DOLLAR OF THEIR OWN EARNINGS THAT THEY ARE ABLE TO SAVE.


HOUSING DEVELOPMENT: METANOIA IS A NON-PROFIT HOUSING DEVELOPER FOCUSED IN THE SAME DISTRESSED COMMUNITIES WHERE WE OPERATE OUR LEADERSHIP PROGRAMMING. AS A HUD CERTIFIED COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), WE OFFER REPAIRS TO HOMEOWNERS ON A LOW FIXED INCOME. WE ALSO ACQUIRE AND RENOVATE VACANT PROPERTIES AND BUILD NEW HOMES FOR BOTH AFFORDABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES. METANOIA IS ALSO LAND BANKING PROPERTY FOR FUTURE AFFORDABLE HOUSING IN A COMMUNITY THAT IS THREATENED BY GENTRIFICATION. METANOIA IS ALSO WORKING WITH LOCAL POLICY MAKERS TO ENSURE THE CREATION OF ADDITIONAL AFFORDABLE HOUSING IN OUR REGION ALONG A SOON TO BE BUILT BUS RAPID TRANSIT LINE.


ECONOMIC DEVELOPMENT: METANOIA SEEKS THE ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE. WE HAVE DONE THIS THROUGH OFFERING TRAINING TO MINORITY CONTRACTORS, STARTING STUDENT RUN SMALL BUSINESSES, PROVIDING A LOCAL MANUFACTURER A LOW INTEREST LOAN FOR EXPANSION TO CREATE ADDITIONAL JOBS AND WORKING ON THE REVITALIZATION OF A DOWNTOWN COMMERCIAL STRIP THROUGH OUR NEIGHBORHOOD. METANOIA IS ALSO WORKING ON THE ADAPTIVE REUSE OF THE FORMER CHICORA ELEMENTARY SCHOOL A 57,000 SQ/FT FACILITY THAT WILL HOUSE AN EARLY LEARNING CENTER, A CHARTER SCHOOL AND A CENTER FOR THE ARTS. METANOIA ALSO PARTNERS WITH ANOTHER NON-PROFIT TO PROVIDE A SMALL BUSINESS TRAINING CLASS TO MINORITY ENTREPRENEURS. METANOIA IS ALSO WORKING WITH LOCAL MUNICIPAL LEADERS TO SUPPORT SMALL BUSINESS INFRASTRUCTURE WITHIN THE COMMUNITIES WE SERVE.


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Board, Officers & Key Employees

Name (title)Compensation
Bill Stanfield
CEO
$89,600
Shawn Saulsberry
Vice-President
$0
Jeff Stanton
President
$0
Debra Stewart
Board Treasurer
$0
Jay Kieve
Board Member
$0
Penelope Middleton
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Parker Poe Adams & Bernstein Llp
Consulting
$155,813
Jw Construction Of Ridgeland Llc
Construction
$144,474
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $671,003
All other contributions, gifts, grants, and similar amounts not included above$2,088,104
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,759,107
Total Program Service Revenue$278,608
Investment income $8,241
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,102,984

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Metanoia has recieved totaling $1,000.

Awarding OrganizationAmount
Deville Foundation Inc

Marietta, GA

PURPOSE: UNRESTRICTED

$1,000
View Grant Recipient Profile

Endowment Analysis

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