Totals
- Total revenue
- $1,783,948
- Total expenses
- $2,399,397
- Contributions and grants received
- $644,482
- Grants paid
- $125,232
- Program service revenue
- $2,220,530
- Investment income
- -$1,081,064
- Other revenue
- $0
- Total assets, end of year
- $36,742,481
- Total liabilities, end of year
- $10,328,670
- Net assets or fund balances, end of year
- $26,413,811
- Program services expenses (Part IX)
- $1,893,117
- Management and general expenses
- $446,262
- Fundraising expenses
- $60,018
- Program service expenses (Part III)
- $1,893,117
Program services were 78.9% 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.
-
1e · Government grants (contributions)
$47,371
-
1f · All other contributions, gifts and grants
$597,111
-
1g · Noncash contributions included above
$491,075
-
2a · Program service revenue: Developer Fees
total $1,318,828 · related or exempt $1,318,828
-
2b · Program service revenue: Loan Interest
total $740,024 · related or exempt $740,024
-
2c · Program service revenue: Delivery Fees
total $161,678 · related or exempt $161,678
-
3 · Investment income
total $15,380 · excluded $15,380
-
7b · Less cost or other basis and sales expenses
other assets $1,096,444
-
7c · Gain or loss
other assets -$1,096,444
-
7d · Net gain or loss
total -$1,096,444 · excluded -$1,096,444
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $125,232 · program services $125,232
-
5 · Compensation of officers, directors and key employees
total $282,656 · program services $183,726 · management and general $84,797 · fundraising $14,133
-
7 · Other salaries and wages
total $756,041 · program services $554,631 · management and general $181,721 · fundraising $19,689
-
9 · Other employee benefits
total $180,575 · program services $124,598 · management and general $50,561 · fundraising $5,416
-
10 · Payroll taxes
total $43,922 · program services $30,306 · management and general $12,298 · fundraising $1,318
-
11a · Fees: management
total $346,029 · program services $346,029
-
11b · Fees: legal
total $15,465 · program services $13,919 · management and general $1,546
-
11c · Fees: accounting
total $273 · management and general $273
-
11g · Fees: other
total $11,081 · program services $5,219 · management and general $5,862
-
12 · Advertising and promotion
total $81,230 · program services $77,173 · fundraising $4,057
-
13 · Office expenses
total $56,190 · program services $37,148 · management and general $15,075 · fundraising $3,967
-
14 · Information technology
total $47,006 · program services $34,449 · management and general $11,342 · fundraising $1,215
-
16 · Occupancy
total $80,246 · program services $55,370 · management and general $22,469 · fundraising $2,407
-
17 · Travel
total $78,742 · program services $72,295 · management and general $6,447
-
19 · Conferences, conventions and meetings
total $8,881 · program services $8,881
-
20 · Interest
total $48,603 · program services $41,313 · management and general $4,860 · fundraising $2,430
-
22 · Depreciation, depletion and amortization
total $55,653 · program services $47,762 · management and general $7,891
-
23 · Insurance
total $107,721 · program services $70,019 · management and general $32,316 · fundraising $5,386
-
24a · Other expenses: Predevelopment costs
total $44,496 · program services $44,496
-
24b · Other expenses: Dues and subscriptions
total $27,271 · program services $20,240 · management and general $7,031 · fundraising $0
-
24c · Other expenses: Miscellaneous
total $1,047 · management and general $1,047
-
24d · Other expenses: License and permits
total $1,037 · program services $311 · management and general $726
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $671,586 · end of year $1,018,105
-
2 · Savings and temporary cash investments
beginning of year $601,484 · end of year $250,757
-
5 · Loans and receivables from officers and key people
end of year $38,000
-
7 · Other notes and loans receivable
beginning of year $14,028,657 · end of year $14,940,935
-
9 · Prepaid expenses and deferred charges
beginning of year $22,938 · end of year $22,938
-
10a · Land, buildings and equipment: cost or other basis
$1,162,582
-
10b · Land, buildings and equipment: accumulated depreciation
$156,656
-
10c · Land, buildings and equipment, net
beginning of year $161,003 · end of year $1,005,926
-
12 · Investments: other securities
beginning of year $2,353,888 · end of year $2,337,279
-
15 · Other assets
beginning of year $15,944,771 · end of year $17,128,541
-
17 · Accounts payable and accrued expenses
beginning of year $240,188 · end of year $123,407
-
19 · Deferred revenue
beginning of year $356,428
-
22 · Loans and payables to officers and key people
beginning of year $505,281 · end of year $1,609,990
-
23 · Secured mortgages and notes payable
beginning of year $5,653,170 · end of year $6,768,103
-
25 · Other liabilities
beginning of year $0 · end of year $1,827,170
-
27 · Net assets without donor restrictions
beginning of year $27,029,260 · end of year $26,413,811
Mission and programs · 2024
Mission
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.
-
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. Affordable housing encompasses a broad spectrum of income levels and price ranges. What truly defines housing as "affordable" is the rent or mortgage payment relative to an individual or family's income. According to the federal government, rental housing is considered "affordable" if residents pay no more than 30 percent of their income on rent. Mortgage lenders generally evaluate a home's affordability when the mortgage payment does not exceed 35 percent of the borrower's income. In assessing affordability in relation to income, we employ the term "Area Median Income" (AMI), calculated and published annually by the U.S. Department of Housing and Urban Development (HUD). The term "median" indicates that half of all households in the area have income greater than this amount. The Humanities Foundation prioritizes affordable units for individuals with incomes within the 30% to 80% AMI range. This means that residents in our communities earn less than half of the average income compared to the entire regional population. AMI serves as the basis for calculating rental amounts according to the 30% of income standard for affordable housing. We utilize public and private partnerships to ensure that rent remains affordable and that construction and maintenance costs do not place a burden on our residents. Recognizing the need for supportive services, the Humanities Foundation has established a range of strategic partnerships to offer services such as health screenings, health education programs, after-school activities, youth summer camps, meals, on-site food banks, and community gardens. In our housing program, we've undertaken various projects: Magnolia 61: A 60-unit apartment complex designed for seniors aged 55 and older located at 1830 Magwood Drive, Charleston, SC. Hampton West Apartments: A 41-unit apartment development catering to seniors aged 55 and older with incomes at or below 100% of the area median income, situated at 554 Rutledge Avenue, Charleston, SC.Shady Grove Apartments: A 72-unit apartment complex constructed for seniors aged 62 and older with incomes 50% below the area median income, situated at 1725 Savage Road, Charleston, South Carolina. Seven Farms Apartments: A 72-unit apartment community created for families with incomes 50% below the area median income, situated at 305 Seven Farms Drive and Daniel Island Drive, Charleston, South Carolina. Ivy Ridge Apartments: A 72-unit apartment development designed for families with incomes 50% below the area median income, located at 2215 Greenridge Road, North Charleston, South Carolina. Pine Hill Apartments: A 72-unit apartment complex constructed for families with incomes 50% below the area median income, situated at 117 Yellow Jasmine Road, Orangeburg, South Carolina. Grandview Apartments: A 72-unit apartment building designed for seniors with incomes 50% below the area median income, located at 1850 Magwood Road, Charleston, South Carolina. Waterford Village: A 96-unit apartment development catering to families with incomes 50% below the area median income, situated at 61 Waterford Loop, Staunton, Virginia. Seven Farms Village: A 42-unit apartment building constructed for seniors with incomes 50% below the area median income, located at 305 Seven Farms Drive, Charleston, South Carolina. Arbor Hill Senior Apartments: A 56-unit apartment building created for seniors with incomes 50% below the area median income, situated at 388 East Shamrock, Pineville, Louisiana. Montague Terrace Apartments: A 96-unit apartment complex constructed for families with incomes 50% below the area median income, located at 28 Montague Court, Stuarts Draft, Virginia. Regent Park Apartments: A 72-unit apartment community designed for families with incomes 50% below the area median income, situated at 680 Windsor Lake Way, Columbia, South Carolina. The Gardens Senior Apartments: A 55-unit apartment building created for seniors with incomes 50% below the area median income, located at 4949 Hooper Road, Baton Rouge, Louisiana. Puddledock Place Apartments: An 84-unit apartment complex constructed for families with incomes 50% below the area median income, situated at 4270 Anne Terrace, Prince George, Virginia. Puddledock Place Apartments II: A 72-unit apartment development designed for families with incomes 50% below the area median income, located at 1955 Denmark Square, Prince George, Virginia.Ashleigh Place: An 80-unit apartment building constructed for seniors with incomes 50% and 60% below the area median income, located at Timber Trail Road, Richmond Hill, GA 31324. Cavalier Senior Apartments: An 80-unit apartment building designed for seniors with incomes 50% below the area median income, located at Cavalier Drive, Petersburg, Virginia. Mintbrook Senior Apartments: An 80-unit apartment building created for seniors with incomes 50% below the area median income, situated at 4475 Bacon Street, Bealton, Virginia. Cavalier Apartments II: A 66-unit apartment complex constructed for families with incomes 50% below the area median income, located at Cavalier Drive, Petersburg, Virginia.New Post Apartments: A 102-unit apartment development designed for families with incomes 50% below the area median income, situated at Fredericksburg, Virginia. Keswick Senior Apartments: A 100-unit apartment building for seniors with incomes ranging from 20% to 80% of the area median income and total project-wide income averaging 60% below the area median income, located in Spotsylvania,Virginia. Keswick Apartments I: A 120-unit apartment community for families with incomes ranging from 20% to 80% of the area median income and total project-wide income averaging 60% below the area median income, located in Spotsylvania,Virginia. Keswick Apartments II: A 116-unit apartment building for families with incomes ranging from 20% to 80% of the area median income and total project-wide income averaging 60% below the area median income, located in Spotsylvania,Virginia.Glenwood Ridge Apartments: An 82-unit apartment complex for families with incomes ranging from 20% to 80% of the area median income and total project-wide income averaging 60% below the area median income, located in Richmond, Virginia. Archer School Apartments: An 89-unit apartment complex currently under construction for seniors with incomes below 80% area median income in Charleston, South Carolina.
Expenses $810,250 · Revenue $2,058,852
-
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.
Expenses $621,067
-
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.
Expenses $128,604 · Grants $54,146
-
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 five 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 10 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 10 million distributed meals through more than 400 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.
Expenses $333,196 · Grants $71,086 · Revenue $161,678
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Tracy T Doran
President
- Total calculated
- $107,569
- From this org
- $87,655
- From related orgs
- $0
- Other
- $19,914
- Hours/week
- 40
-
Cheryl Ferraro CPA
Treasurer/Secretary
- Total calculated
- $219,150
- From this org
- $195,001
- From related orgs
- $0
- Other
- $24,149
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $195,001
- Bonus
- $0
- Other
- $0
- Deferred
- $7,600
- Nontaxable benefits
- $16,549
- Filer's total
- $219,150
-
Anne Wyatt
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Patti Randinelli
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Melissa Maddox-Evans
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth R Doran
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Robert LaChapelle
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Greg Brooks
Asst. Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Robert Doran
Board Member
- Total calculated
- $0
- Hours/week
- 1
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 3
- The Foundation uses multiple sources to benchmark and evaluate Executive Director compensation. Once results are reviewed and discussed, the Board evaluates and sets compensation.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · Housing · SC
Directly controlled by The Humanities Foundation Inc
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.
-
HF North Central LLC
Housing · SC · assets $339,347
Directly controlled by The Humanities Foundation Inc
-
HF Seven Farms LLC
Housing · SC · assets -$249,795
Directly controlled by The Humanities Foundation Inc
-
HF Shady Grove LLC
Housing · SC · income $15,088 · assets $188,226
Directly controlled by The Humanities Foundation Inc
-
HF Shires LLC
Housing · SC · income -$15,088 · assets $261,815
Directly controlled by The Humanities Foundation Inc
-
HF Transportation LLC
Transport · SC · income $137,482
Directly controlled by The Humanities Foundation Inc
-
HF Archer Blocker LLC
Housing · SC
Directly controlled by The Humanities Foundation Inc
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Grand Oaks Apartments LP
Housing · SC
-
HF Magwood LLC
Housing · SC · general or managing partner
-
Ivy Ridge Apartments LP
Housing · SC
-
North Central Apartments LP
Housing · SC
-
Pine Hill Apartments LP
Housing · SC
-
Rutledge Place Apartments LP
Housing · SC
-
Seven Farms Apartments LP
Housing · SC
-
Shady Grove Apartments LP
Housing · SC
-
The Shires Apartments LP
Housing · SC
-
Arbor Hill Senior Apartments LLC
Housing · LA
-
The Gardens Senior Apartments LLC
Housing · LA
-
Montague Terrace LLC
Housing · VA
-
Regent Park Apartments LLC
Housing · SC
-
Seven Farms Village LLC
Housing · SC
-
Waterford Village LLC
Housing · VA
-
Puddledock Place LLC
Housing · VA
-
Edenbrook Park LLC
Housing · VA
-
Puddledock Place Apartments II LLC
Housing · VA
-
HFJDC Edenbrook Park LLC
Housing · SC · general or managing partner
Directly controlled by The Humanities Foundation Inc
-
Cavalier Senior Apartments LLC
Housing · VA
-
Mintbrook Senior Apartments LLC
Housing · VA
-
New Post Apartments LLC
Housing · VA
-
Cavalier Apartments II LLC
Housing · VA
-
Keswick Senior Apartments LLC
Housing · VA
-
Keswick Apartments I LLC
Housing · VA
-
Glenwood Ridge Apartments LLC
Housing · VA
-
Keswick Apartments II LLC
Housing · VA
-
Grandview Apartments LLC
Housing · SC
-
Asheigh Place LLC
Housing · GA
-
HF Archer LLC
Housing · SC
-
American Street Ventures LLC
Housing · SC · general or managing partner
Directly controlled by The Humanities Foundation Inc
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HF Arbor Hill LLC
C · Housing · SC · 100% owned · share of income -$30 · share of assets $211,584
Directly controlled by The Humanities Fondation
-
C · Housing · SC · 100% owned · share of assets $943,156
Directly controlled by The Humanities Fondation
-
HF Pine Hill LLC
C · Housing · SC · 100% owned · share of income -$515,322
Directly controlled by The Humanities Fondation
-
HF Rutledge Inc
S · Housing · SC · 100% owned · share of assets -$764,605
Directly controlled by The Humanities Fondation
-
HF Sea Island Inc
C · Housing · SC · 100% owned
Directly controlled by The Humanities Fondation
-
HF Ashleigh Place LLC
C · Housing · SC · 100% owned · share of income -$148 · share of assets -$246
Directly controlled by The Humanities Fondation
-
HF Puddledock Place LLC
C · Housing · SC · 100% owned · share of income -$82 · share of assets -$348
Directly controlled by The Humanities Fondation
-
HF Puddledock II LLC
C · Housing · SC · 100% owned · share of income -$66 · share of assets -$252
Directly controlled by The Humanities Fondation
-
HF Cavalier LLC
C · Housing · SC · 100% owned · share of income -$84 · share of assets -$252
Directly controlled by The Humanities Fondation
-
HF Cavalier II LLC
C · Housing · SC · 100% owned · share of income -$97 · share of assets -$251
Directly controlled by The Humanities Fondation
-
HF New Post LLC
C · Housing · SC · 100% owned · share of income -$76 · share of assets -$216
Directly controlled by The Humanities Fondation
-
HF Mintbrook LLC
C · Housing · SC · 100% owned · share of income -$87 · share of assets -$269
Directly controlled by The Humanities Fondation
-
HF Gardens LLC
C · Housing · SC · 100% owned · share of income -$20 · share of assets $4,888
Directly controlled by The Humanities Fondation
-
HF Keswick LLC
C · Housing · VA · 100% owned · share of income -$131 · share of assets -$282
Directly controlled by The Humanities Fondation
-
HF Glenwood LLC
C · Housing · SC · 100% owned · share of income -$203 · share of assets $619
Directly controlled by The Humanities Fondation
-
HF Keswick II LLC
C · Housing · VA · 100% owned · share of income -$161 · share of assets $615
Directly controlled by The Humanities Fondation
-
HF Keswick Senior LLC
C · Housing · VA · 100% owned · share of assets -$73
Directly controlled by The Humanities Fondation
-
HFJDC Puddledock II LLC
C · Housing · SC · 100% owned
Directly controlled by The Humanities Fondation
-
HF Waterford LLC
C · Housing · SC · 100% owned
Directly controlled by The Humanities Fondation
-
HFJDC Puddledock Place LLC
C · Housing · SC · 100% owned
Directly controlled by The Humanities Fondation
-
HF Archer LLC
C · Housing · SC · 100% owned · share of income -$102 · share of assets $1,999,898
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349327842
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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