Humanities Foundation Inc is located in Charleston, SC. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Humanities Foundation Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Humanities Foundation Inc 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 12/2023, Humanities Foundation Inc generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP THE HIGHEST QUALITY AFFORDABLE AND WORKFORCE HOUSING POSSIBLE WHILE ENHANCING THE LIVES OF OUR RESIDENTS AND IMPROVING THE COMMUNITIES IN WHICH WE DEVELOP THROUGH AFFORDABILITY, EDUCATION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING PROGRAM: AS A NON-PROFIT DEVELOPER, HUMANITIES FOUNDATION PLAYS A CRUCIAL ROLE IN FACILITATING AFFORDABLE HOUSING PROJECTS FROM INCEPTION TO COMPLETION. OUR ORGANIZATION SERVES VARIOUS ROLES, RANGING FROM GENERAL PARTNER AND MANAGING MEMBER TO DEVELOPER, ALLOWING US TO ACCESS FUNDS EXCLUSIVELY AVAILABLE TO NONPROFIT ENTITIES. WE PROVIDE ESSENTIAL FINANCING TO PROJECTS AND COLLABORATE WITH CONSTRUCTION PROFESSIONALS, INCLUDING ENGINEERS, ARCHITECTS, AND BUILDERS, TO REALIZE AFFORDABLE HOUSING DEVELOPMENTS. UPON CONSTRUCTION COMPLETION, HUMANITIES FOUNDATION ENGAGES PROFESSIONAL MANAGEMENT COMPANIES TO HANDLE PROPERTY MARKETING, LEASING, AND MAINTENANCE. (CONTINUED AT SCHEDULE O)
RESIDENT SERVICES AND MARKETPLACE FOOD PROGRAM: OUR MARKETPLACE PROGRAM, OPERATED IN COLLABORATION WITH STRATEGIC PARTNERS LIKE LOCAL CHURCHES, SCHOOL DISTRICTS, FOOD PANTRIES, AND COMMUNITY ORGANIZATIONS, STRIVES TO ALLEVIATE FOOD INSECURITY. UTILIZING A FLEET OF SIX REFRIGERATED CARGO VANS AND COORDINATED EFFORTS BY DEDICATED STAFF, WE DISTRIBUTE FOOD TO APARTMENT RESIDENTS, ORGANIZE COMMUNITY DISTRIBUTIONS, AND ADDRESS FOOD DESERTS. SINCE ITS LAUNCH IN 2014, THE PROGRAM HAS DELIVERED OVER 5.1 MILLION POUNDS OF FRESH FOOD, EQUIVALENT TO ONE MEAL PER POUND. ADDITIONALLY, WE'RE ACTIVELY EXPANDING OUR TELEMEDICINE PROGRAM TO BRIDGE THE GAP CAUSED BY TRANSPORTATION CHALLENGES, ENABLING LOW-INCOME SENIORS TO CONNECT WITH THEIR HEALTHCARE PROVIDERS THROUGH VIDEO SERVICES FROM THE COMFORT OF THEIR HOMES. OUR TRANSPORTATION SERVICES NOT ONLY FACILITATE ACCESS TO COMMUNITY EVENTS, HEALTH FAIRS, AND EDUCATIONAL PROGRAMS BUT ALSO FOSTER A SENSE OF CAMARADERIE AMONG RESIDENTS DURING SHOPPING TRIPS. WE TAKE PRIDE IN OFFERING AFTER-SCHOOL AND SUMMER PROGRAMS THAT FEATURE A DIVERSE RANGE OF ACTIVITIES, INCLUDING EDUCATIONAL TOURS, ARTS AND CRAFTS, SPORTS AND RECREATION, ENTREPRENEURSHIP, TECHNOLOGY WORKSHOPS, AND MENTORING. THESE PROGRAMS ARE A TRIBUTE TO THE MEMORY OF REVEREND CLEMENTA PINCKNEY, A FERVENT ADVOCATE FOR EDUCATION AND YOUTH DEVELOPMENT. IN RESPONSE TO THE TRAGIC EVENTS OF 2015 AT THE MOTHER EMANUEL AME CHURCH IN CHARLESTON, SC, THESE INITIATIVES STAND AS A TESTAMENT TO OUR COMMITMENT TO COMMUNITY ENRICHMENT. IN THE WAKE OF THE COVID-19 PANDEMIC THAT EMERGED IN MARCH 2020, THE HUMANITIES FOUNDATION HAS INTENSIFIED ITS RESIDENT SERVICES AND COMMUNITY OUTREACH EFFORTS. TO DATE, WE'VE PROVIDED EMERGENCY FINANCIAL ASSISTANCE TO MORE THAN 55,000 FAMILIES, ENSURING THEIR ACCESS TO UTILITY SERVICES TO PREVENT DISCONNECTION OR EVICTION. OUR MARKETPLACE FOOD PANTRY PROGRAM HAS CONTRIBUTED TO OVER 5 MILLION DISTRIBUTED MEALS THROUGH MORE THAN 350 CURBSIDE FOOD DISTRIBUTIONS. FURTHERMORE, WE'VE ASSISTED RESIDENTS WITH INFORMATION ABOUT VIRTUAL HEALTHCARE OPTIONS, FINANCIAL SUPPORT, AND ACCESS TO TELECOMMUNICATIONS FOR REMOTE LEARNING, ACKNOWLEDGING THE EVOLVING NEEDS OF OUR COMMUNITY.
AFFORDABLE HOUSING DEVELOPMENT: OUR ORGANIZATION OFFERS SERVICES THAT IDENTIFY NEW OPPORTUNITIES FOR AFFORDABLE HOUSING AND ASSESS THE FEASIBILITY OF DEVELOPMENTS INTENDED TO BENEFIT LOW-INCOME FAMILIES AND SENIORS. COLLABORATING CLOSELY WITH OUR PARTNERS, HUMANITIES FOUNDATION ACTIVELY PURSUES SITES THAT QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS (LIHTC). THROUGH INNOVATIVE FUNDING STRATEGIES, WE HAVE HARNESSED RESOURCES SUCH AS COMMUNITY DEVELOPMENT BLOCK GRANTS (CDBG), HOME FUNDS, FEDERAL HOME LOAN BANK FUNDS, LOWCOUNTRY HOUSING TRUST CONTRIBUTIONS, AND OTHER GRANTS. THESE RESOURCES HAVE ENABLED US TO DEVELOP OVER 2,500 AFFORDABLE HOUSING UNITS ACROSS SOUTH CAROLINA, GEORGIA, LOUISIANA, AND VIRGINIA.
SHELTERNET PROGRAM: THE HUMANITIES FOUNDATION'S SHELTERNET PROGRAM PROVIDES CRITICAL SUPPORT TO FAMILIES AND INDIVIDUALS FACING CRISES OR SETBACKS. BY EXTENDING EMERGENCY FINANCIAL ASSISTANCE, WE EMPOWER THEM TO REMAIN IN THEIR HOMES AND SAFEGUARD VITAL UTILITY SERVICES, INCLUDING GAS, ELECTRICITY, AND WATER. THIS INITIATIVE IS TARGETED AT RECIPIENTS WHOSE INCOMES FALL BELOW 50% OF THE AREA MEDIAN INCOME. TO ENSURE THE PROGRAM'S SUSTAINABILITY, SHELTERNET'S OPERATING COSTS ARE COVERED BY THE FOUNDATION'S OPERATIONAL FUNDS. SINCE ITS INCEPTION, THE PROGRAM HAS ASSISTED MORE THAN 55,000 INDIVIDUALS IN THEIR TIMES OF NEED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Tracy T Doran President | OfficerTrustee | 40 | $87,655 |
Cheryl Ferraro CPA Sec/treasure | OfficerTrustee | 45 | $204,603 |
Anne Wyatt Board Member | Trustee | 1 | $0 |
Patti Randinelli Board Member | Trustee | 1 | $0 |
Melissa Maddox-Evans Board Member | Trustee | 1 | $0 |
Elizabeth R Doran Board Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Jdc Management Llc Realestate Mgt. | 12/30/23 | $197,900 |
Jdc Residential Llc Asset Mgt. | 12/30/23 | $114,707 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,152,526 |
All other contributions, gifts, grants, and similar amounts not included above | $150,882 |
Noncash contributions included in lines 1a–1f | $71,647 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,303,408 |
Total Program Service Revenue | $1,068,205 |
Investment income | $1,793 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $579,922 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,953,328 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $182,550 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $292,065 |
Compensation of current officers, directors, key employees. | $116,826 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $581,059 |
Pension plan accruals and contributions | $15,980 |
Other employee benefits | $112,868 |
Payroll taxes | $65,431 |
Fees for services: Management | $312,606 |
Fees for services: Legal | $22,533 |
Fees for services: Accounting | $17,801 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,368 |
Advertising and promotion | $69,462 |
Office expenses | $21,338 |
Information technology | $55,343 |
Royalties | $0 |
Occupancy | $88,227 |
Travel | $108,251 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,684 |
Interest | $4,845 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,780 |
Insurance | $57,740 |
All other expenses | $0 |
Total functional expenses | $2,071,498 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $671,586 |
Savings and temporary cash investments | $601,484 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $14,028,657 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $22,938 |
Net Land, buildings, and equipment | $161,003 |
Investments—publicly traded securities | $0 |
Investments—other securities | $2,353,888 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $15,944,771 |
Total assets | $33,784,327 |
Accounts payable and accrued expenses | $240,188 |
Grants payable | $0 |
Deferred revenue | $356,428 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $505,281 |
Secured mortgages and notes payable | $5,653,170 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $6,755,067 |
Net assets without donor restrictions | $27,029,260 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $33,784,327 |