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Nonprofiteer
← METANOIA

Form 990 for tax year 2024

Filed by METANOIA.

Totals

Total revenue
$3,457,701
Total expenses
$3,332,322
Contributions and grants received
$2,757,729
Grants paid
$106,656
Program service revenue
$560,961
Investment income
$126,326
Other revenue
$12,685
Total assets, end of year
$30,065,737
Total liabilities, end of year
$11,881,129
Net assets or fund balances, end of year
$18,184,608
Program services expenses (Part IX)
$2,583,649
Management and general expenses
$518,582
Fundraising expenses
$230,091
Program service expenses (Part III)
$2,583,649

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

    $799

  • 1e · Government grants (contributions)

    $806,678

  • 1f · All other contributions, gifts and grants

    $1,950,252

  • 2a · Program service revenue: RENTAL INCOME

    total $560,961 · related or exempt $560,961

  • 3 · Investment income

    total $126,326 · excluded $126,326

  • 11a · Other revenue: OTHER INCOME

    total $12,685 · excluded $12,685

  • 11e · Other revenue, total

    $12,685

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $106,656 · program services $106,656

  • 5 · Compensation of officers, directors and key employees

    total $238,450 · program services $174,631 · management and general $34,651 · fundraising $29,168

  • 7 · Other salaries and wages

    total $921,520 · program services $679,344 · management and general $130,394 · fundraising $111,782

  • 8 · Pension plan contributions

    total $30,921 · program services $20,999 · management and general $5,160 · fundraising $4,762

  • 9 · Other employee benefits

    total $59,646 · program services $39,962 · management and general $13,501 · fundraising $6,183

  • 10 · Payroll taxes

    total $122,997 · program services $89,771 · management and general $19,937 · fundraising $13,289

  • 11b · Fees: legal

    total $20,388 · program services $8,669 · management and general $11,049 · fundraising $670

  • 11c · Fees: accounting

    total $235,557 · program services $100,160 · management and general $127,652 · fundraising $7,745

  • 11g · Fees: other

    total $198,836 · program services $84,753 · management and general $107,556 · fundraising $6,527

  • 13 · Office expenses

    total $81,438 · program services $53,757 · management and general $9,799 · fundraising $17,882

  • 14 · Information technology

    total $40,393 · program services $22,221 · management and general $16,256 · fundraising $1,916

  • 16 · Occupancy

    total $95,427 · program services $84,513 · management and general $3,978 · fundraising $6,936

  • 17 · Travel

    total $54,191 · program services $40,516 · management and general $8,829 · fundraising $4,846

  • 20 · Interest

    total $89,477 · program services $89,314 · management and general $51 · fundraising $112

  • 22 · Depreciation, depletion and amortization

    total $317,045 · program services $314,406 · management and general $2,636 · fundraising $3

  • 23 · Insurance

    total $177,148 · program services $158,829 · management and general $17,597 · fundraising $722

  • 24a · Other expenses: PROPERTY MAINTENANCE EX

    total $307,436 · program services $300,420 · management and general $4,680 · fundraising $2,336

  • 24b · Other expenses: OTHER PROGRAM COSTS

    total $75,674 · program services $66,630 · fundraising $9,044

  • 24c · Other expenses: EMERGENCY REPAIRS

    total $61,384 · program services $61,384

  • 24d · Other expenses: RENTAL COMMISION EXPENS

    total $57,808 · program services $57,808

  • 24e · All other expenses

    total $39,930 · program services $28,906 · management and general $4,856 · fundraising $6,168

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,295,311 · end of year $9,752,916

  • 2 · Savings and temporary cash investments

    beginning of year $11,343,723 · end of year $3,987,576

  • 4 · Accounts receivable

    beginning of year $24,988 · end of year $293,856

  • 7 · Other notes and loans receivable

    beginning of year $376,803 · end of year $229,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,138 · end of year $64,256

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

    $13,900,182

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

    $1,402,323

  • 10c · Land, buildings and equipment, net

    beginning of year $9,643,930 · end of year $12,497,859

  • 15 · Other assets

    beginning of year $4,354,429 · end of year $3,240,207

  • 17 · Accounts payable and accrued expenses

    beginning of year $417,918 · end of year $447,307

  • 19 · Deferred revenue

    beginning of year $145,880 · end of year $2,040,140

  • 21 · Escrow or custodial account liability

    beginning of year $382,795 · end of year $189,585

  • 23 · Secured mortgages and notes payable

    beginning of year $8,092,237 · end of year $8,729,732

  • 25 · Other liabilities

    beginning of year $358,832 · end of year $474,365

  • 27 · Net assets without donor restrictions

    beginning of year $12,182,416 · end of year $12,538,997

  • 28 · Net assets with donor restrictions

    beginning of year $5,509,244 · end of year $5,645,611

Mission and programs · 2024

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 $1,019,941 · Grants $106,656 · Revenue $560,961

  • 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 50 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 EMPLOYMENT INITIATIVE THAT PROVIDES HIGH SCHOOL STUDENTS PRACTICAL JOB EXPERIENCE. 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 $980,301

  • ECONOMIC DEVELOPMENT:METANOIA SEEKS THE ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE THAT IS BENEFICIAL TO THE CURRENT FAMILIES 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 A CRISTO REY HIGH SCHOOL AND AN AUDITORIUM FOR USE BY THE NEIGHBORHOOD. METANOIA IS ALSO WORKING WITH LOCAL MUNICIPAL LEADERS TO SUPPORT SMALL BUSINESS INFRASTRUCTURE WITHIN THE COMMUNITIES WE SERVE.

    Expenses $323,201

  • 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 $260,206

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Monifa Ellington

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Raynique Syas

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Nelson Akwari

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Alex Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Brady Anderson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Harold Drayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lisa Huffines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ayesha Washington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Craig Logan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Nance-Coker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Damon Newby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Geneva Spann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bill Stanfield

    CEO

    Total calculated
    $125,892
    From this org
    $116,492
    From related orgs
    $0
    Other
    $9,400
    Hours/week
    40

  • Jamilla Harper

    COO

    Total calculated
    $107,550
    From this org
    $98,223
    From related orgs
    $0
    Other
    $9,327
    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

    OWNER OF THE OLD CHICORA SCHOOL · SC · income $0 · assets $226,453

    Directly controlled by METANOIA

  • OLD CHICORA SPONSOR HOLDINGS LLC

    INVESTMENT IN BUSINESS AND REAL ESTATE IN LOW INCOME COMMUNITIES. · SC · income $0 · assets $0

    Directly controlled by METANOIA

  • OLD CHICORA ENTERPRISES LLC

    INVESTMENT IN BUSINESS AND REAL ESTATE IN LOW INCOME COMMUNITIES. · SC · income $0 · assets $0

    Directly controlled by METANOIA

  • METANOIA OLD CHICORA SPONSOR ML LLC

    INVESTMENT IN BUSINESS AND REAL ESTATE IN LOW INCOME COMMUNITIES. · SC · income $0 · assets $0

    Directly controlled by METANOIA

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202630729349300348

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