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 06/2023, 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 06/2023, Metanoia generated $10.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $3.3m during the year ending 06/2023. While expenses have increased by 5.5% per year over the past 8 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

2023

Describe the Organization's Mission:

Part 3 - Line 1

WE AMPLIFY OPPORTUNITIES FOR A THRIVING COMMUNITY WITH FAMILIES IN CHICORA AND SURROUNDING HISTORICALLY BLACK NEIGHBORHOODS BY HONING THE UNIQUE ASSETS THAT EXIST HERE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING DEVELOPMENT:METANOIA IS A NON-PROFIT HOUSING DEVELOPER WITHIN A CITY WITH SOME OF THE FASTEST RISING HOUSING COSTS AND HIGHEST EVICTION RATES IN THE NATION. AS A 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.


CALL TO ACTION: METANOIA WORKS WITH THE CITIZENS OF THE COMMUNITY TO MOBILIZE COMMUNITY VOICE AROUND ISSUES THAT THEY IDENTIFY AS IMPORTANT. THE ORGANIZATION HAS WORKED TO ORGANIZE THE COMMUNITY TO GET A NEW ELEMENTARY SCHOOL BUILT, CHANGE NEIGHBORHOOD ZONING LAWS, AND ACHIEVE MITIGATION FUNDING FROM A RAIL FACILITY BEING BUILT ADJACENT TO THE COMMUNITY. METANOIA ALSO HOSTS VOLUNTEERS THAT WORK IN PARTNERSHIP WITH COMMUNITY RESIDENTS ON PROJECTS AND PROGRAMS THAT BENEFIT THE COMMUNITY. ANY ORGANIZING OF THE COMMUNITY AROUND ISSUES OF IMPORTANCE IS NON-PARTISAN AND ISSUE ORIENTED.


HOUSING DEVELOPMENT:METANOIA IS A NON-PROFIT HOUSING DEVELOPER WITHIN A CITY WITH SOME OF THE FASTEST RISING HOUSING COSTS AND HIGHEST EVICTION RATES IN THE NATION. AS A 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.


CALL TO ACTION: METANOIA WORKS WITH THE CITIZENS OF THE COMMUNITY TO MOBILIZE COMMUNITY VOICE AROUND ISSUES THAT THEY IDENTIFY AS IMPORTANT. THE ORGANIZATION HAS WORKED TO ORGANIZE THE COMMUNITY TO GET A NEW ELEMENTARY SCHOOL BUILT, CHANGE NEIGHBORHOOD ZONING LAWS, AND ACHIEVE MITIGATION FUNDING FROM A RAIL FACILITY BEING BUILT ADJACENT TO THE COMMUNITY. METANOIA ALSO HOSTS VOLUNTEERS THAT WORK IN PARTNERSHIP WITH COMMUNITY RESIDENTS ON PROJECTS AND PROGRAMS THAT BENEFIT THE COMMUNITY. ANY ORGANIZING OF THE COMMUNITY AROUND ISSUES OF IMPORTANCE IS NON-PARTISAN AND ISSUE ORIENTED.


LEADERSHIP DEVELOPMENT (MYLA - METANOIA YOUTH LEADERSHIP ACADEMY):THE METANOIA YOUTH LEADERSHIP ACADEMY OFFERS YEAR-ROUND LEADERSHIP DEVELOPMENT FOR STUDENTS IN THE MOST DISINVESTED NEIGHBORHOODS IN NORTH CHARLESTON. WE OFFER AFTER SCHOOL PROGRAMMING FOR 35 STUDENTS DURING THE SCHOOL YEAR AND 75 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. DURING THE SUMMERS METANOIA OPERATES A CHILDREN'S DEFENSE FUND FREEDOM SCHOOL WHERE 94% OF SCHOLARS EITHER GAIN (82.3%) OR MAINTAIN (11.6%) THEIR READING LEVELS DURING THE CRITICAL SUMMER MONTHS.


LEADERSHIP DEVELOPMENT (MYLA - METANOIA YOUTH LEADERSHIP ACADEMY):THE METANOIA YOUTH LEADERSHIP ACADEMY OFFERS YEAR-ROUND LEADERSHIP DEVELOPMENT FOR STUDENTS IN THE MOST DISINVESTED NEIGHBORHOODS IN NORTH CHARLESTON. WE OFFER AFTER SCHOOL PROGRAMMING FOR 35 STUDENTS DURING THE SCHOOL YEAR AND 75 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. DURING THE SUMMERS METANOIA OPERATES A CHILDREN'S DEFENSE FUND FREEDOM SCHOOL WHERE 94% OF SCHOLARS EITHER GAIN (82.3%) OR MAINTAIN (11.6%) THEIR READING LEVELS DURING THE CRITICAL SUMMER MONTHS.


ECONOMIC DEVELOPMENT:METANOIA SEEKS ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE THAT IS BENEFICIAL TO THE CURRENT RESIDENTS WITHIN THOSE COMMUNITIES. 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 THE NEIGHBORHOOD. WE HAVE PROVIDED BELOW MARKET SPACE TO SEVERAL BLACK ENTREPRENEURS TO HELP SUPPORT THEIR BUSINESS GROWTH ALONG THIS CORRIDOR. METANOIA IS ALSO WORKING ON THE ADAPTIVE REUSE OF THE FORMER CHICORA ELEMENTARY SCHOOL A 57,000 SQ/FT FACILITY THAT WILL HOUSE COMMUNITY OPPORTUNITIES IN ARTS AND EDUCATION. METANOIA IS ALSO WORKING WITH LOCAL MUNICIPAL LEADERS TO SUPPORT SMALL BUSINESS INFRASTRUCTURE WITHIN THE COMMUNITIES WE SERVE.


ECONOMIC DEVELOPMENT:METANOIA SEEKS ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE THAT IS BENEFICIAL TO THE CURRENT RESIDENTS WITHIN THOSE COMMUNITIES. 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 THE NEIGHBORHOOD. WE HAVE PROVIDED BELOW MARKET SPACE TO SEVERAL BLACK ENTREPRENEURS TO HELP SUPPORT THEIR BUSINESS GROWTH ALONG THIS CORRIDOR. METANOIA IS ALSO WORKING ON THE ADAPTIVE REUSE OF THE FORMER CHICORA ELEMENTARY SCHOOL A 57,000 SQ/FT FACILITY THAT WILL HOUSE COMMUNITY OPPORTUNITIES IN ARTS AND EDUCATION. 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
Shawn Saulsberry
Board Chair
$0
Monifa Ellington
Vice Chair
$0
Jeffrey Stangon
Treasurer
$0
Fred Hudson
Secretary
$0
Nelson Akwari
Director
$0
Alex Jackson
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mccullough Khan Llc
Legal Services
$272,829
Jw Construction Of Ridgeland Llc
Construction Services
$153,819
Wipfli Llp
Advisory Services
$136,858
Mccullough Khan Llc
Legal Services
$272,829
Jw Construction Of Ridgeland Llc
Construction Services
$153,819
Wipfli Llp
Advisory Services
$136,858
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$2,595
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $347,119
All other contributions, gifts, grants, and similar amounts not included above$2,394,311
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,744,025
Total Program Service Revenue$713,142
Investment income $58,776
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,000,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,724,520

Peer Organizations

Organization NameAssets
Charlotte Center City Partners
Charlotte, NC
$7,348,709
Catawba Regional Council Of Governments
Rock Hill, SC
$6,485,782
South Carolina Association For Community Economic Development
Charleston, SC
$4,086,282
Metanoia
North Charleston, SC
$10,724,520
Small Business Assistance Corp
Savannah, GA
$3,622,093
Charleston Redevelopment Corporation
Charleston, SC
$6,079,133
Forward Cities Inc
Durham, NC
$1,860,427
Industrial Commons
Morganton, NC
$11,657,616
Partners In Ministry
Laurinburg, NC
$2,731,560
Be The Bridge
Atlanta, GA
$898,281
Climb Fund
Charleston, SC
$3,082,260
Pitt County Committee Of 100 Inc
Greenville, NC
$2,007,879
University City Partners Inc
Charlotte, NC
$1,628,276
Friendship Community Development Corp
Charlotte, NC
$1,456,146
Regenesis Institute
Spartanburg, SC
$3,710,515
Antioch Urban Ministries Inc
Atlanta, GA
$1,019,944
Greater Winston-Salem Development Corp
Winstonsalem, NC
$1,620,487
New Alpha Community Development Corporation
Florence, SC
$854,734
Georgia Cities Foundation Inc
Atlanta, GA
$329,522
Lincoln Economic Development Association
Lincolnton, NC
$829,669
Sustain Charlotte Inc
Charlotte, NC
$762,073
Allen Temple Community Economic Development Corporation
Greenville, SC
$618,643
Brick Capital Community Development Corporation
Sanford, NC
$494,327
New Communities Inc
Albany, GA
$392,175
Uptown Columbus Inc
Columbus, GA
$1,171,389

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