Civic Intelligence

The Humanities Foundation Inc

990 • Fiscal year 2012 • EIN 57-0952289

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 15, 2013

474 Wando Park Blvd Ste 10229464
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.34x

Higher debt load relative to assets than 57% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

58th percentile

4.2%

Faster asset growth than 58% of similar nonprofits.

2012 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$18,561,286

Up $756,051 (+4.2%) from 2011

Net Assets

Up

$12,280,819

Up $245,186 (+2.0%) from 2011

Liabilities

Up

$6,280,467

Up $510,865 (+8.9%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$1,467,341

Down $1,035,010 (-41%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $16,853,522Liabilities 2010: $5,609,582Net Assets 2010: $11,243,9402010Assets 2011: $17,805,235Liabilities 2011: $5,769,602Net Assets 2011: $12,035,6332011Assets 2012: $18,561,286Liabilities 2012: $6,280,467Net Assets 2012: $12,280,8192012Assets 2013: $19,061,091Liabilities 2013: $6,483,189Net Assets 2013: $12,577,9022013Assets 2014: $18,284,207Liabilities 2014: $5,969,226Net Assets 2014: $12,314,9812014Assets 2015: $19,511,812Liabilities 2015: $6,248,633Net Assets 2015: $13,263,1792015Assets 2016: $22,115,119Liabilities 2016: $8,144,791Net Assets 2016: $13,970,3282016Assets 2017: $22,756,579Liabilities 2017: $8,056,520Net Assets 2017: $14,700,0592017Assets 2018: $24,394,181Liabilities 2018: $7,863,954Net Assets 2018: $16,530,2272018Assets 2019: $22,930,688Liabilities 2019: $6,187,270Net Assets 2019: $16,743,4182019Assets 2020: $26,880,521Liabilities 2020: $8,963,610Net Assets 2020: $17,916,9112020Assets 2021: $30,885,789Liabilities 2021: $7,073,221Net Assets 2021: $23,812,5682021Assets 2022: $31,582,528Liabilities 2022: $6,435,098Net Assets 2022: $25,147,4302022Assets 2023: $33,784,327Liabilities 2023: $6,755,067Net Assets 2023: $27,029,2602023Assets 2024: $36,742,481Liabilities 2024: $10,328,670Net Assets 2024: $26,413,8112024

Highlighted filing

2012

Assets$18,561,286
Liabilities$6,280,467
Net Assets$12,280,819

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $1,637,1992010Expenses 2011: $2,502,3512011Expenses 2012: $1,467,3412012Revenue 2013: $2,072,497Expenses 2013: $1,775,553Net Income 2013: $296,9442013Revenue 2014: $1,817,320Expenses 2014: $1,268,426Net Income 2014: $548,8942014Revenue 2015: $2,307,739Expenses 2015: $1,359,541Net Income 2015: $948,1982015Revenue 2016: $2,096,506Expenses 2016: $1,389,357Net Income 2016: $707,1492016Revenue 2017: $2,549,757Expenses 2017: $1,820,026Net Income 2017: $729,7312017Revenue 2018: $1,521,871Expenses 2018: $1,375,510Net Income 2018: $146,3612018Revenue 2019: $1,770,538Expenses 2019: $1,559,702Net Income 2019: $210,8362019Revenue 2020: $2,758,924Expenses 2020: $1,766,788Net Income 2020: $992,1362020Revenue 2021: $3,824,255Expenses 2021: $1,973,926Net Income 2021: $1,850,3292021Revenue 2022: $3,501,082Expenses 2022: $2,166,220Net Income 2022: $1,334,8622022Revenue 2023: $3,953,328Expenses 2023: $2,071,498Net Income 2023: $1,881,8302023Revenue 2024: $1,783,948Expenses 2024: $2,399,397Net Income 2024: -$615,4492024

Highlighted filing

2012

Revenue-
Expenses$1,467,341
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 15, 2013
Return Version
2012v2.1
Gross Receipts
$1,712,527
Mission and Program Overview

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.

Major Activities

Activity 2
Housing program: the foundation develops and acts as the managing partner through its wholly owned subsidiaries, for projects it has built to service low-income elderly and families. Additionally, it establishes and supervises supportive services for the tenants. In the housing program, the foundation has the following projects: - grand oak apartments: a 59-unit apartment complex constructed for seniors age 62 and older with incomes 50% and 60% below the area median income at 1830 magwood drive, charleston, sc. - rutledge place apartments: a 40-unit apartment complex constructed for seniors age 62 and older with incomes 60% below the area median income at 554 rutledge avenue, charleston, sc. (see schedule o.) - north central apartments: a 36-unit apartment building project constructed for seniors age 55 and older with incomes 50% below the area median income at 1054 king street, charleston, south carolina. - sea island apartments: a 48-unit apartment complex constructed for families with incomes 50% below the area median income at the corner of maybank highway and brownswood road on johns island, south carolina. - laurel hill apartments: a 72-unit apartment building constructed for elderly age 55 and older with incomes 60% below the area median income at 1640 ribaut road, port royal, south carolina. - shady grove apartments: a 72-unit apartment constructed for elderly age 62 and older with incomes 50% below the area median income at 1725 savage road, charleston, south carolina. - the shires apartments: a 72-unit apartment building constructed for families with incomes 50% below the area median income at 1020 little john street, charleston, south carolina. - seven farms apartments: a 72-unit apartment building constructed for families with incomes 50% below the area median income at 305 seven farms drive and daniel island drive, charleston, south carolina. - ivy ridge apartments: a 72-unit apartment building constructed for families with incomes 50% below the area median income at greenridge road, north charleston, south carolina. - pine hill apartments: a 72-unit apartment building constructed for families with incomes 50% below the area median income at st. Matthew road, orangeburg, south carolina. - grandview apartments: a 72-unit apartment building constructed for seniors with incomes 50% below the area median income at 1850 magwood road, charleston, south carolina. - waterford village: a 96-unit apartment building constructed for families with incomes 50% below the area median income in staunton, virginia. - seven farms village: a apartment building constructed for seniors with incomes 50% below the area median income at 305 seven farms drive, charleston, south carolina. - arbor hill senior apartments: a 56 unit apartment building constructed for seniors with incomes 50% below the area median income in pineville, louisiana - montague terrace apartments: a 96-unit apartment building constructed for families with incomes 50% below the area median income in stuarts draft, virginia. - regent park apartments: a 72-unit apartment building constructed for families with incomes 50% below the area median income in columbia, south carolina. - the gardens senior apartments: a 55-unit apartment building under construction for seniors with incomes 50% below the area median income in baton rouge, louisiana. - puddledock place apartments: a 84-unit apartment building under development for families with incomes 50% below the area median income in richmond, virginia. - edenbrook park apartments: a 84-unit apartment building under development for families with incomes 50% below the area median income in charlottesville, virginia.
Activity 3
Shelternet project: program provides short-term financial assistance for families who have suffered a crisis or financial setback. The recipients have income below 50% of median income. Overhead costs are paid primarily from operating funds and not grants or donations.
Filing and Contact Details

Filer

EIN
57-0952289
Raw XML AppendixShowing 400 of 1,040 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0HOUSING PROGRAM: THE FOUNDATION DEVELOPS AND ACTS AS THE MANAGING PARTNER THROUGH ITS WHOLLY OWNED SUBSIDIARIES, FOR PROJECTS IT HAS BUILT TO SERVICE LOW-INCOME ELDERLY AND FAMILIES. ADDITIONALLY, IT ESTABLISHES AND SUPERVISES SUPPORTIVE SERVICES FOR THE TENANTS. IN THE HOUSING PROGRAM, THE FOUNDATION HAS THE FOLLOWING PROJECTS: - GRAND OAK APARTMENTS: A 59-UNIT APARTMENT COMPLEX CONSTRUCTED FOR SENIORS AGE 62 AND OLDER WITH INCOMES 50% AND 60% BELOW THE AREA MEDIAN INCOME AT 1830 MAGWOOD DRIVE, CHARLESTON, SC. - RUTLEDGE PLACE APARTMENTS: A 40-UNIT APARTMENT COMPLEX CONSTRUCTED FOR SENIORS AGE 62 AND OLDER WITH INCOMES 60% BELOW THE AREA MEDIAN INCOME AT 554 RUTLEDGE AVENUE, CHARLESTON, SC. (SEE SCHEDULE O.) - NORTH CENTRAL APARTMENTS: A 36-UNIT APARTMENT BUILDING PROJECT CONSTRUCTED FOR SENIORS AGE 55 AND OLDER WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 1054 KING STREET, CHARLESTON, SOUTH CAROLINA. - SEA ISLAND APARTMENTS: A 48-UNIT APARTMENT COMPLEX CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT THE CORNER OF MAYBANK HIGHWAY AND BROWNSWOOD ROAD ON JOHNS ISLAND, SOUTH CAROLINA. - LAUREL HILL APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR ELDERLY AGE 55 AND OLDER WITH INCOMES 60% BELOW THE AREA MEDIAN INCOME AT 1640 RIBAUT ROAD, PORT ROYAL, SOUTH CAROLINA. - SHADY GROVE APARTMENTS: A 72-UNIT APARTMENT CONSTRUCTED FOR ELDERLY AGE 62 AND OLDER WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 1725 SAVAGE ROAD, CHARLESTON, SOUTH CAROLINA. - THE SHIRES APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 1020 LITTLE JOHN STREET, CHARLESTON, SOUTH CAROLINA. - SEVEN FARMS APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 305 SEVEN FARMS DRIVE AND DANIEL ISLAND DRIVE, CHARLESTON, SOUTH CAROLINA. - IVY RIDGE APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT GREENRIDGE ROAD, NORTH CHARLESTON, SOUTH CAROLINA. - PINE HILL APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT ST. MATTHEW ROAD, ORANGEBURG, SOUTH CAROLINA. - GRANDVIEW APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 1850 MAGWOOD ROAD, CHARLESTON, SOUTH CAROLINA. - WATERFORD VILLAGE: A 96-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN STAUNTON, VIRGINIA. - SEVEN FARMS VILLAGE: A APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 305 SEVEN FARMS DRIVE, CHARLESTON, SOUTH CAROLINA. - ARBOR HILL SENIOR APARTMENTS: A 56 UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN PINEVILLE, LOUISIANA - MONTAGUE TERRACE APARTMENTS: A 96-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN STUARTS DRAFT, VIRGINIA. - REGENT PARK APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN COLUMBIA, SOUTH CAROLINA. - THE GARDENS SENIOR APARTMENTS: A 55-UNIT APARTMENT BUILDING UNDER CONSTRUCTION FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN BATON ROUGE, LOUISIANA. - PUDDLEDOCK PLACE APARTMENTS: A 84-UNIT APARTMENT BUILDING UNDER DEVELOPMENT FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN RICHMOND, VIRGINIA. - EDENBROOK PARK APARTMENTS: A 84-UNIT APARTMENT BUILDING UNDER DEVELOPMENT FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME IN CHARLOTTESVILLE, VIRGINIA.
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IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0ASC 740, "INCOME TAXES," (FASB INTERPRETATION NO. 48, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" (FIN 48)), WAS ISSUED IN 2006 AND CLARIFIES THE ACCOUNTING RECOGNITION AND MEASUREMENT OF UNCERTAINTIES IN INCOME TAXES FOR ALL ENTITIES, INCLUDING PASS-THROUGH ENTITIES, SUCH AS S-CORPORATIONS, LIMITED LIABILITY COMPANIES, AND PARTNERSHIPS. THE FOUNDATION HAS ADOPTED THE PROVISIONS OF ASC 740 FOR THE YEAR ENDED DECEMBER 31, 2011, AND MANAGEMENT HAS DEEMED THERE NOT TO BE ANY RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM THE MEASUREMENT OF UNCERTAINTIES IN INCOME TAXES.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART X, LINE 2:
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IRS990ScheduleD/OtherAssets/Description0MORTGAGE RECEIVABLE
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IRS990ScheduleD/OtherAssets/Description2LOAN COSTS
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IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant0RENT PAID FOR SHELTERNET RECIPIENTS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant1UTILITIES PAID FOR SHELTERNET AND OTHER RECIPIENTS
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant2SECURITY DEPOSIT ASSISTANCE
IRS990ScheduleI/Form990ScheduleIPartIII/TypeOfGrant3MORTGAGE PAYMENT ASSISTANCE
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: SHELTERNET STAFF WORKS DIRECTLY WITH LOCAL AGENCIES TO PROVIDE EMERGENCY FINANCIAL ASSISTANCE TO FAMILIES AND INDIVIDUALS WITH INCOMES AT OR BELOW 50% OF THE AREA MEDIAN INCOME (AMI) WHO HAVE TEMPORARILY FALLEN BEHIND ON THEIR BILLS, OR ARE HOMELESS AND NEED HELP MOVING INTO AN APARTMENT. ASSISTANCE CAN BE PROVIDED ONCE EVERY TWELVE MONTHS. SHELTERNET FUNDS ARE RAISED THROUGH PRIVATE DONATIONS, FOUNDATIONS AND GOVERNMENT BLOCK GRANTS. SHELTERNET DOES NOT ACCEPT APPLICATIONS DIRECTLY FROM CLIENTS - ALL APPLICATIONS MUST BE RECEIVED FROM PARTICIPATING REFERRAL AGENCIES. ASSISTANCE CHECKS ARE WRITTEN TO AND MAILED DIRECTLY TO THE BILLING SOURCE, NOT THE CLIENT.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference0PART I, LINE 2:
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IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction386106
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction430000
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0ORGANIZATION PAID TO PROVIDE VARIOUS SERVICES (ADMINISTRATIVE, DEVELOPMENT, CONSTRUCTION, EQUITY, & ASSET MANAGEMENT).
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction1COMPENSATION PAID TO TRACY T. DORAN, PRESIDENT/CHAIRMAN OF THE HUMANITIES FOUNDATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction2COMPENSATION PAID TO SHANE DORAN, BOARD MEMBER OF THE HUMANITIES FOUNDATION AND STEP-SON OF TRACY DORAN, PRESIDENT/CHAIR OF HUMANITIES FOUNDATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction3COMPENSATION PAID TO CHERYL FERRARO, TREASURER AND SECRETARY OF THE HUMANITIES FOUNDATION
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction4MARKETING
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine10CENTERVEST LLC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine11CENTERVEST LLC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine12CENTERVEST LLC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine13CENTERVEST LLC
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NameBusiness/BusinessNameLine14W SMITH & COMPANY
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0OWNER IS PRESIDENT OF THE HUMANITIES FOUNDATION

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.7$10.3$26.4$1.78$2.40$0.62
2023Detailed filing. Detailed filing data is available for this year.$33.8$6.76$27.0$3.95$2.07$1.88
2022Detailed filing. Detailed filing data is available for this year.$31.6$6.44$25.1$3.50$2.17$1.33
2021Detailed filing. Detailed filing data is available for this year.$30.9$7.07$23.8$3.82$1.97$1.85
2020Detailed filing. Detailed filing data is available for this year.$26.9$8.96$17.9$2.76$1.77$0.99
2019Detailed filing. Detailed filing data is available for this year.$22.9$6.19$16.7$1.77$1.56$0.21
2018Detailed filing. Detailed filing data is available for this year.$24.4$7.86$16.5$1.52$1.38$0.15
2017Detailed filing. Detailed filing data is available for this year.$22.8$8.06$14.7$2.55$1.82$0.73
2016Detailed filing. Detailed filing data is available for this year.$22.1$8.14$14.0$2.10$1.39$0.71
2015Detailed filing. Detailed filing data is available for this year.$19.5$6.25$13.3$2.31$1.36$0.95
2014Detailed filing. Detailed filing data is available for this year.$18.3$5.97$12.3$1.82$1.27$0.55
2013Detailed filing. Detailed filing data is available for this year.$19.1$6.48$12.6$2.07$1.78$0.30
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$6.28$12.3$1.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$5.77$12.0$2.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$5.61$11.2$1.64