Form 990 for tax year 2022

Filed by HUMANITIES FOUNDATION INC.

Totals

Total revenue: $3,501,082
Total expenses: $2,166,220
Contributions and grants received: $1,092,145
Grants paid: $158,013
Program service revenue: $1,697,972
Investment income: $710,965
Other revenue: $0
Total assets, end of year: $31,582,528
Total liabilities, end of year: $6,435,098
Net assets or fund balances, end of year: $25,147,430
Program services expenses (Part IX): $1,683,043
Management and general expenses: $413,887
Fundraising expenses: $69,290
Program service expenses (Part III): $1,683,043

Program services were 77.7% 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

$49,515
1e · Government grants (contributions)

$385,352
1f · All other contributions, gifts and grants

$657,278
2a · Program service revenue: LOAN INTEREST

total $879,737 · related or exempt $879,737
2b · Program service revenue: DEVELOPER FEES

total $388,175 · related or exempt $388,175
2c · Program service revenue: DELIVERY FEES

total $276,293 · related or exempt $276,293
2d · Program service revenue: ADMINISTRATION FEES

total $153,767 · related or exempt $153,767
3 · Investment income

total $710,965 · related or exempt $709,741 · excluded $1,224

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $158,013 · program services $158,013
5 · Compensation of officers, directors and key employees

total $276,476 · program services $153,541 · management and general $109,988 · fundraising $12,947
7 · Other salaries and wages

total $617,855 · program services $463,054 · management and general $143,134 · fundraising $11,667
9 · Other employee benefits

total $147,686 · program services $101,821 · management and general $41,799 · fundraising $4,066
10 · Payroll taxes

total $61,485 · program services $42,390 · management and general $17,402 · fundraising $1,693
11b · Fees: legal

total $19,642 · program services $16,479 · management and general $3,163
11c · Fees: accounting

total $21,971 · management and general $21,971
11g · Fees: other

total $399,008 · program services $369,048 · fundraising $29,960
12 · Advertising and promotion

total $69,372 · program services $64,724 · management and general $4,648
13 · Office expenses

total $33,289 · program services $22,951 · management and general $9,422 · fundraising $916
14 · Information technology

total $47,171 · program services $32,521 · management and general $13,351 · fundraising $1,299
16 · Occupancy

total $85,418 · program services $58,892 · management and general $24,176 · fundraising $2,350
17 · Travel

total $113,080 · program services $102,763 · management and general $10,317
19 · Conferences, conventions and meetings

total $2,131 · program services $2,131
20 · Interest

total $12,403 · program services $12,403
22 · Depreciation, depletion and amortization

total $8,482 · program services $8,482
23 · Insurance

total $58,843 · program services $44,132 · management and general $13,534 · fundraising $1,177
24a · Other expenses: TAXES

total $17,661 · program services $17,661
24b · Other expenses: PREDEVELOPMENT

total $8,469 · program services $8,469
24c · Other expenses: DUES AND SUBSCRIPTIONS

total $3,725 · management and general $978 · fundraising $2,747
24d · Other expenses: MISCELLANEOUS

total $2,821 · program services $2,800 · management and general -$447 · fundraising $468
24e · All other expenses

total $1,219 · program services $768 · management and general $451

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,715,349 · end of year $1,442,241
7 · Other notes and loans receivable

beginning of year $13,511,768 · end of year $14,301,084
10a · Land, buildings and equipment: cost or other basis

$409,441
10b · Land, buildings and equipment: accumulated depreciation

$242,705
10c · Land, buildings and equipment, net

beginning of year $7,474 · end of year $166,736
12 · Investments: other securities

beginning of year -$363,238 · end of year $39,608
15 · Other assets

beginning of year $16,014,436 · end of year $15,632,859
17 · Accounts payable and accrued expenses

beginning of year $133,939 · end of year $76,952
22 · Loans and payables to officers and key people

beginning of year $571,806 · end of year $450,199
23 · Secured mortgages and notes payable

beginning of year $6,367,476 · end of year $5,907,947
27 · Net assets without donor restrictions

beginning of year $23,812,568 · end of year $25,147,430

Mission and programs · 2022

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. (CONTINUED AT SCHEDULE O)

Expenses $757,337 · Grants $20,297 · Revenue $1,033,504
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 $505,149 · Revenue $388,175
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 $150,236 · Grants $95,117
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.

Expenses $270,321 · Grants $42,599 · Revenue $276,293

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

Listed in Part VII

Tracy T DoranTRACY T DORAN

PRESIDENT

Total calculated

$105,284

From this org

$87,655

From related orgs

$0

Other

$17,629

Hours/week

30 + 10 related
Cheryl Ferraro CPACHERYL FERRARO CPA

SEC/TREASURE

Total calculated

$209,868

From this org

$188,821

From related orgs

$0

Other

$21,047

Hours/week

40 + 10 related

Schedule J breakdown matched by us

Base

$152,907

Bonus

$35,914

Other

not reported

Deferred

$7,366

Nontaxable benefits

$13,681

Filer's total

$209,868
Greg Brooks - Term EndedGREG BROOKS - TERM ENDED

ASSIST. SECR

Total calculated

$0

Hours/week

0.5
Stephen R Schuler - Term EndedSTEPHEN R SCHULER - TERM ENDED

BOARD MEMBER

Total calculated

$0

Hours/week

0.5
Anne WyattANNE WYATT

BOARD MEMBER

Total calculated

$0

Hours/week

0.25 + 0.25 related
Patti RandinelliPATTI RANDINELLI

BOARD MEMBER

Total calculated

$0

Hours/week

0.5
Melissa Maddox-EvansMELISSA MADDOX-EVANS

BOARD MEMBER

Total calculated

$0

Hours/week

0.5
Alisa G Mosley - Term EndedALISA G MOSLEY - TERM ENDED

BOARD MEMBER

Total calculated

$0

Hours/week

0.5
Elizabeth R DoranELIZABETH R DORAN

BOARD MEMBER

Total calculated

$0

Hours/week

0.5 + 40 related
Robert LachapelleROBERT LACHAPELLE

BOARD MEMBER

Total calculated

$0

Hours/week

0.5
Robert DoranROBERT DORAN

CHAIRMAN EME

Total calculated

$0

Hours/week

0.5

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

None.

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

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.

HUMANITIES HOUSING INC

501C · HOUSING · SC

Directly controlled by HUMANITIES

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 LAUREL HILL LLC

HOUSING · SC · assets -$17,404

Directly controlled by HUMANITIES
HF NORTH CENTRAL LLC

HOUSING · SC · assets $345,597

Directly controlled by HUMANITIES
HF SEVEN FARMS LLC

HOUSING · SC · income -$70,659 · assets -$320,454

Directly controlled by HUMANITIES
HF SHADY GROVE LLC

HOUSING · SC · income -$31,736 · assets $141,402

Directly controlled by HUMANITIES
HF SHIRES LLC

HOUSING · SC · income $111,163 · assets $1,094,436

Directly controlled by HUMANITIES
HF TRANSPORTATION LLC

TRANSPORT · SC · assets $137,482

Directly controlled by HUMANITIES FOUNDATION
HF ARCHER BLOCKER LLC

HOUSING · SC

Directly controlled by HUMANITIES

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

GRAND OAKS APARTMENTS LP

HOUSING · SC
HF MAGWOOD LLC

RELATED · HOUSING · SC · general or managing partner

Directly controlled by HUMANITIES
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 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

RELATED · HOUSING · SC · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

HF ARBOR HILL LLC

C CORP · HOUSING · SC · share of income -$10 · share of assets -$96

Directly controlled by HUMANITIES
HF IVY LLC

C CORP · HOUSING · SC · share of income -$32 · share of assets -$393

Directly controlled by HUMANITIES
HF PINE HILL LLC

C CORP · HOUSING · SC · share of income -$30 · share of assets -$351

Directly controlled by HUMANITIES
HF RUTLEDGE INC

S CORP · HOUSING · SC · share of income -$20,367 · share of assets -$784,972

Directly controlled by HUMANITIES
HF SEA ISLAND INC

C CORP · HOUSING · SC

Directly controlled by HUMANITIES
HF ASHLEIGH PLACE LLC

C CORP · HOUSING · SC · share of income -$13 · share of assets -$111

Directly controlled by HUMANITIES
HF PUDDLEDOCK PLACE LLC

C CORP · HOUSING · SC · share of income -$29 · share of assets -$295

Directly controlled by HUMANITIES FOUNDATION
HF PUDDLEDOCK II LLC

C CORP · HOUSING · SC · share of income -$14 · share of assets -$200

Directly controlled by HUMANITIES FOUNDATION
HF CAVALIER LLC

C CORP · HOUSING · SC · share of income -$28 · share of assets -$196

Directly controlled by HUMANITIES FOUNDATION
HF CAVALIER II LLC

C CORP · HOUSING · SC · share of income -$37 · share of assets -$191

Directly controlled by HUMANITIES FOUNDATION INC
HF NEW POST LLC

C CORP · HOUSING · SC · share of income -$19 · share of assets -$159

Directly controlled by HUMANITIES FOUNDATION INC
HF MINTBROOK LLC

C CORP · HOUSING · SC · share of income -$33 · share of assets -$215

Directly controlled by HUMANITIES FOUNDATION INC
HF GARDENS LLC

C CORP · HOUSING · SC · share of income -$13 · share of assets $4,895

Directly controlled by HUMANITIES FOUNDATION INC
HF KESWICK LLC

C CORP · HOUSING · VA · share of income -$51 · share of assets -$202
HF GLENWOOD LLC

C CORP · HOUSING · SC · share of income -$67 · share of assets $755
HF KESWICK II LLC

C CORP · HOUSING · VA · share of income -$49 · share of assets $727
HF KESWICK SENIOR LLC

C CORP · HOUSING · VA · share of income -$42 · share of assets -$115
HFJDC PUDDLEDOCK II LLC

C CORP · HOUSING · SC
HF WATERFORD LLC

C CORP · HOUSING · SC
HFJDC PUDDLEDOCK PLACE LLC

C CORP · HOUSING · SC

Provenance

Return type: form_990
Tax year: 2022
Filed: 2 December 2023
IRS schema version: 2022v5.0
Source object: 202323399349300207

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