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← METANOIA

Form 990 for tax year 2022

Filed by METANOIA.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 23 February 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$10,724,520
Total expenses
$3,259,971
Contributions and grants received
$2,744,025
Grants paid
$40,321
Program service revenue
$713,142
Investment income
$7,058,776
Other revenue
$208,577
Total assets, end of year
$24,329,959
Total liabilities, end of year
$7,439,571
Net assets or fund balances, end of year
$16,890,388
Program services expenses (Part IX)
$2,525,527
Management and general expenses
$520,046
Fundraising expenses
$214,398
Program service expenses (Part III)
$2,525,527

Program services were 77.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $2,595

  • 1e · Government grants (contributions)

    $347,119

  • 1f · All other contributions, gifts and grants

    $2,394,311

  • 2a · Program service revenue: HOME SALES

    total $400,000 · related or exempt $400,000

  • 2b · Program service revenue: RENTAL INCOME

    total $313,142 · related or exempt $313,142

  • 3 · Investment income

    total $58,776 · excluded $58,776

  • 7a · Gross sales of assets other than inventory

    other assets $7,000,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $7,000,000

  • 7d · Net gain or loss

    total $7,000,000 · excluded $7,000,000

  • 11a · Other revenue: OTHER INCOME

    total $208,577 · excluded $208,577

  • 11e · Other revenue, total

    $208,577

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $40,321 · program services $40,321

  • 5 · Compensation of officers, directors and key employees

    total $238,861 · program services $167,910 · management and general $28,559 · fundraising $42,392

  • 7 · Other salaries and wages

    total $544,616 · program services $388,749 · management and general $58,526 · fundraising $97,341

  • 8 · Pension plan contributions

    total $12,501 · program services $8,439 · management and general $1,483 · fundraising $2,579

  • 9 · Other employee benefits

    total $56,727 · program services $30,763 · management and general $19,898 · fundraising $6,066

  • 10 · Payroll taxes

    total $75,056 · program services $52,017 · management and general $11,235 · fundraising $11,804

  • 11b · Fees: legal

    total $164,418 · program services $80,430 · management and general $80,765 · fundraising $3,223

  • 11c · Fees: accounting

    total $228,358 · program services $111,708 · management and general $112,174 · fundraising $4,476

  • 11g · Fees: other

    total $294,770 · program services $144,196 · management and general $144,797 · fundraising $5,777

  • 13 · Office expenses

    total $51,421 · program services $29,102 · management and general $8,894 · fundraising $13,425

  • 14 · Information technology

    total $33,050 · program services $18,508 · management and general $13,855 · fundraising $687

  • 16 · Occupancy

    total $95,809 · program services $86,967 · management and general $2,831 · fundraising $6,011

  • 17 · Travel

    total $40,769 · program services $26,071 · management and general $6,777 · fundraising $7,921

  • 20 · Interest

    total $65,412 · program services $65,194 · management and general $68 · fundraising $150

  • 22 · Depreciation, depletion and amortization

    total $168,796 · program services $163,765 · management and general $3,007 · fundraising $2,024

  • 23 · Insurance

    total $110,987 · program services $86,971 · management and general $20,977 · fundraising $3,039

  • 24a · Other expenses: CONSTRUCTION COSTS

    total $566,980 · program services $566,980

  • 24b · Other expenses: PROPERTY MAINTENANCE EX

    total $213,643 · program services $209,939 · management and general $2,076 · fundraising $1,628

  • 24c · Other expenses: OOR EXPENSE

    total $78,629 · program services $78,629

  • 24d · Other expenses: EMERGENCY REPAIRS

    total $73,882 · program services $73,882

  • 24e · All other expenses

    total $104,965 · program services $94,986 · management and general $4,124 · fundraising $5,855

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,221,629 · end of year $2,329,648

  • 2 · Savings and temporary cash investments

    beginning of year $1,500,359 · end of year $10,166,871

  • 3 · Pledges and grants receivable

    beginning of year $68,084

  • 4 · Accounts receivable

    beginning of year $24,545 · end of year $86,912

  • 7 · Other notes and loans receivable

    beginning of year $557,848 · end of year $522,332

  • 9 · Prepaid expenses and deferred charges

    beginning of year $28,387 · end of year $54,250

  • 10a · Land, buildings and equipment: cost or other basis

    $6,965,130

  • 10b · Land, buildings and equipment: accumulated depreciation

    $858,200

  • 10c · Land, buildings and equipment, net

    beginning of year $5,688,483 · end of year $6,106,930

  • 15 · Other assets

    beginning of year $1,364,377 · end of year $5,063,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $378,023 · end of year $633,868

  • 19 · Deferred revenue

    beginning of year $787,990 · end of year $352,912

  • 21 · Escrow or custodial account liability

    beginning of year $545,674 · end of year $457,248

  • 23 · Secured mortgages and notes payable

    beginning of year $2,344,059 · end of year $5,615,330

  • 25 · Other liabilities

    beginning of year $2,500 · end of year $380,213

  • 27 · Net assets without donor restrictions

    beginning of year $3,835,420 · end of year $11,324,207

  • 28 · Net assets with donor restrictions

    beginning of year $5,560,046 · end of year $5,566,181

Mission and programs · 2022

Mission

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

  • 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.

    Expenses $1,278,195 · Grants $37,104 · Revenue $713,142

  • 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.

    Expenses $621,629 · Grants $2,909

  • 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.

    Expenses $489,985

  • 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.

    Expenses $135,718 · Grants $308

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shawn Saulsberry

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Monifa Ellington

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Stangon

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Fred Hudson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Nelson Akwari

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Larsen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lane Riley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Debra Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Raynique Syas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ida Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ayesha Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Stanfield

    CEO

    Total calculated
    $114,977
    From this org
    $106,505
    From related orgs
    $0
    Other
    $8,472
    Hours/week
    40

  • Jamilla Harper

    COO

    Total calculated
    $97,933
    From this org
    $90,049
    From related orgs
    $0
    Other
    $7,884
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • OLD CHICORA LANDLORD LLC

    SC

    Directly controlled by METANOIA

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202410479349301211

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