Civic Intelligence

The Humanities Foundation Inc

990 • Fiscal year 2019 • EIN 57-0952289

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

474 Wando Park Blvd Suite 102Mount Pleasant, SC 29464

(843) 856-4120

Siviq Scores

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

Liabilities / Assets

57th percentile

0.27x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

3.49x

Higher debt load relative to revenue than 92% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

19th percentile

$87,694

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

13th percentile

-6.0%

Faster asset growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

75th percentile

16%

Faster revenue growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$22,930,688

Down $1,463,493 (-6.0%) from 2018

Net Assets

Up

$16,743,418

Up $213,191 (+1.3%) from 2018

Liabilities

Down

$6,187,270

Down $1,676,684 (-21%) from 2018

Revenue

Up

$1,770,538

Up $248,667 (+16%) from 2018

Expenses

Up

$1,559,702

Up $184,192 (+13%) from 2018

Net Income

Up

$210,836

Up $64,475 (+44%) from 2018

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

2019

Assets$22,930,688
Liabilities$6,187,270
Net Assets$16,743,418

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

2019

Revenue$1,770,538
Expenses$1,559,702
Net Income$210,836
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,770,538
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$9,801,228$9,654,455▼ $146,773
Cash and Non-Interest-Bearing Accounts$1,253,510$1,345,799▲ $92,289
Receivable From Disqualified Prsn$142,265--
Land, Buildings, and Equipment, Net$78,649$59,680▼ $18,969
Prepaid Expenses and Deferred Charges-$16,526-
Investments Other Securities$827,001$-102,938▼ $929,939
Total Assets$24,394,181$22,930,688▼ $1,463,493
Other Assets Total$12,291,528$11,957,166▼ $334,362
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,475,398$5,520,698▲ $45,300
Other Liabilities$2,070,592$541,310▼ $1,529,282
Accounts Payable and Accrued Expenses$317,964$125,262▼ $192,702
Total Liabilities$7,863,954$6,187,270▼ $1,676,684
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,530,227$16,743,418▲ $213,191
Total Net Assets Fund Balance$16,530,227$16,743,418▲ $213,191
Total Liabilities and Net Assets / Fund Balance$24,394,181$22,930,688▼ $1,463,493

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$59,680$173,653$233,333
Other Assets Org$4,500--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tracy T DoranPresidentPT$43,827$43,867$87,694
Cheryl FerraroSec/treasurePT-$57,500$57,500
Shane Doran Term EndedBoard MemberPT$20,626-$20,626

Board Members and Trustees

NameTitle
Alisa MosleyBoard Member
Anne WyattBoard Member
Greg BrooksBoard Member
Patti RandinelliBoard Member
Rosie DoranBoard Member
Stephen R SchulerBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Martin Riley Associates PCArchitect215 CHURCH STREET SUITE 200, Decatur, GA 30030-3329$112,840
Revenue and Support

Revenue Composition

Contributions and Grants
$98,337
Program Service Revenue
$1,363,220
Investment Income
$308,981
Other Revenue
$0
All Other Contributions
$56,768
Change in Net Assets
$210,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$955,940
Salaries, Compensation, and Employee Benefits$490,266
Grants and Similar Amounts Paid$113,496
Total Fundraising Expense$15,571
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$530,552$17,083-$547,635
Other Salaries and Wages$212,644$146,173$7,569$366,386
Travel$119,242--$119,242
Grants to Domestic Individuals$103,133--$103,133
Occupancy$55,873$22,949$2,271$81,093
Current Officers, Directors, Trustees, and Key Employees$57,492$4,190$2,771$64,453
Interest$27,313$27,476-$54,789
Office Expenses$24,013$10,205$1,165$35,383
Information Technology$21,231$11,776$131$33,138
Payroll Taxes$22,008$9,039$894$31,941
Other Employee Benefits$18,937$7,779$770$27,486
Insurance$9,442$15,764-$25,206
Depreciation Depletion$14,267$10,332-$24,599
Conferences and Meetings$14,860$6,847-$21,707
Grants to Domestic Orgs$10,363--$10,363
Advertising$3,266$822-$4,088
Fees for Services Accounting-$2,565-$2,565
Fees for Services Legal$116$1,028-$1,144
Other Expenses$-2,497$110-$-2,497
Total Functional Expenses$1,247,756$296,375$15,571$1,559,702
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Robert Doranjdc ResidentialsPresidentAsset ManagementNo$360,274
Tracy T Doranjdc Management LLCPresidentManagementNo$339,614

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$142,265--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$541,310
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Anne wyatt the humanities foundation board member president sisters shane doran (term ended) the humanities foundation board member president son in-law cheryl ferraro, cpa the humanities foundation board member president employee in ownded company rosie doran the humanities foundation board member president daughter

Form 990, Page 6, Part VI, Line 11B

The form 990 is provided to management for review and comment. Once complete it is released to the board of directors for a comment period. Once the comment period is complete, and any questions are addressed, the form 990 is filed.

Form 990, Page 6, Part VI, Line 12C

Board members are requested to sign conflict of interest forms annually

Form 990, Page 6, Part VI, Line 15A

The board of directors performs periodic salary studies and camparability between similar organizations. The finance committee approves direct and contract salaries charged to the organization.

Form 990, Page 6, Part VI, Line 15B

The board of directors performs periodic salary studies and camparability between similar organizations. The finance committee approves direct and contract salaries charged to the organization.

Form 990, Page 6, Part VI, Line 18

Form 1023 and form 990 are available at the foundation's corporate offices as well as on other public websites.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Humanities Foundation Inc
EIN
57-0952289
Phone
8438564120
Address
474 WANDO PARK BLVD SUITE 102, MOUNT PLEASANT, SC 29464

Signing Officer

Name
Tracy T Doran
Title
President
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tracy T Doran
Formed
1992
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
5
Employees
17
Volunteers
1,586

Preparer

Firm
Glaser and Company LLC
Address
149 E BAY ST SUITE 200, CHARLESTON, SC 29401-3134
Preparer
Erik M Glaser CPA
Phone
8438490179
Supplemental Narrative

Additional Explanations

Form 990, Part III

Page 2, part iii, line 4a - continued affordable housing covers many different income levels and price ranges. What makes housing "affordable" is the rent or mortgage payment relative to the individual's or family's income. According to the federal government, rental housing is "affordable" if the people living there pay no more than 30 percent of their income for rent. According to mortgage lenders, generally, a home is affordable if the mortgage payment is not more than 35 percent of the borrower's income in determining affordability relative to income, the term used by the affordable housing industry is area median income (ami). Ami's are calculated and published annually by the u.s. Department of housing and urban development (hud). "median" means that half of all households in the area are estimated to have more than this amount of income. Humanities foundation recognizes the need for supportive services for the residents of affordable housing. Through an array of strategic partnerships the foundation provides services which include health screenings and flu shots, health education programs, after school programs, youth summer camps, meals, on-site food banks and community gardens. The foundation is continuously working to enhance the lives of our affordable housing residents and to connect them to programs available in the community. The foundation develops and acts as the managing partner through its wholly owned subsidiaries, for projects it has built to service low-income seniors 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 60-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 41-unit apartment complex constructed for seniors age 62 and older with incomes 60% below the area median income at 554 rutledge avenue, charleston, sc. - 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 3672 maybank highway,johns island, south carolina. This property was sold nov. 2019 to another non-profit organization. - laurel hill apartments: a 72-unit apartment building constructed for seniors age 55 and older with incomes 60% below the area median income at 1640 ribaut road, port royal, south carolina. This property was sold oct. 2019 to another non-profit organization. - shady grove apartments: a 72-unit apartment constructed for seniors 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 2215 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 117 yellow jasmine 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 at 61 waterford loop,

Form 990, Page 2, Part III, Line 4D

Resident services: the foundation's food pantry program delivers to apartment residents and food deserts meals through strategic partnerships with local churches, school districts, food pantries and community organizations. More than 1.4 million in fresh meals have been delivered since the inception of the program in 2014. The foundation also created and is in the process of expanding its telemedicine program. Telemedicine will prove to be the most cost-effective solution to meet the needs of the humanities foundations low-income seniors, since lack of transportation is often a barrier to regular chronic disease monitoring and prevention activities for them. The foundation also provides transportation services to its properties. Residents enjoy access to many community events, health fairs, educational programs and shopping trips with their neighbors. The foundation offers after school and summer programs in a diverse array of activities, such as educational tours, arts and crafts, sports and recreation, technology and mentoring. The program was established in response to the merciless acts upon the emanuel nine of the mother emanuel ame church in charleston, sc and is dedicated in memory of reverend clementa pinckney. Rev. Pinckney was also a member of the south carolina senate, representing the 45th district, and was a strong supporter of education and youth development. In response to the covid-19 pandemic and since march 2020, the foundation has increased the resident service and community outreach efforts by assisting more than 500 families with emergency financial assistance as well as continued access to utility services to help forego disconnection or eviction during the pandemic. The marketplace food pantry program has distributed more than 1 million meals to residents and the community by sponsoring over 150 curbside food distributions. The foundation has also assisted residents in community outreach such as providing information on virtual healthcare options, financial assistance, and access to telecommunications for virtual learning.

Form 990, Part IX, Line 11G

Construction 534,892 0 0 consulting 0 10,000 0 admin fees 0 3,193 0 real estate development -4,340 0 0 payroll processing 0 3,890 0 total 530,552 17,083 0

Raw XML AppendixShowing 400 of 1,363 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/ProgSrvcAccomActy3Grp/Desc0SHELTERNET PROJECT: HUMANITIES FOUNDATION'S SHELTERNET HELPS FAMILIES AND INDIVIDUALS WHO HAVE SUFFERED A CRISIS OR SETBACK BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO ENABLE THEM TO STAY IN THEIR HOMES OR TO PREVENT THE LOSS OF ESSENTIAL UTILITY SERVICES SUCH AS GAS, POWER OR WATER. THE RECIPIENTS HAVE INCOME BELOW 50% OF MEDIAN INCOME. OVERHEAD COSTS TO RUN THE PROJECT ARE PAID PRIMARILY FROM OPERATING FUNDS OF THE FOUNDATION AND NOT GRANTS OR DONATIONS. MORE THAN 50,000 INDIVIDUALS HAVE BEEN ASSISTED SINCE THE INCEPTION OF THIS PROGRAM.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0RESIDENT SERVICES: THE FOUNDATION'S FOOD PANTRY PROGRAM DELIVERS TO APARTMENT RESIDENTS AND FOOD DESERTS MEALS THROUGH STRATEGIC PARTNERSHIPS WITH LOCAL CHURCHES, SCHOOL DISTRICTS, FOOD PANTRIES AND COMMUNITY ORGANIZATIONS. MORE THAN 1.4 MILLION IN FRESH MEALS HAVE BEEN DELIVERED SINCE THE INCEPTION OF THE PROGRAM IN 2014. THE FOUNDATION ALSO CREATED AND IS IN THE PROCESS OF EXPANDING ITS TELEMEDICINE PROGRAM. TELEMEDICINE WILL PROVE TO BE THE MOST COST-EFFECTIVE SOLUTION TO MEET THE NEEDS OF THE HUMANITIES FOUNDATIONS LOW-INCOME SENIORS, SINCE LACK OF TRANSPORTATION IS OFTEN A BARRIER TO REGULAR CHRONIC DISEASE MONITORING AND PREVENTION ACTIVITIES FOR THEM. THE FOUNDATION ALSO PROVIDES TRANSPORTATION SERVICES TO ITS PROPERTIES. RESIDENTS ENJOY ACCESS TO MANY COMMUNITY EVENTS, HEALTH FAIRS, EDUCATIONAL PROGRAMS AND SHOPPING TRIPS WITH THEIR NEIGHBORS. THE FOUNDATION OFFERS AFTER SCHOOL AND SUMMER PROGRAMS IN A DIVERSE ARRAY OF ACTIVITIES, SUCH AS EDUCATIONAL TOURS, ARTS AND CRAFTS, SPORTS AND RECREATION, TECHNOLOGY AND MENTORING. THE PROGRAM WAS ESTABLISHED IN RESPONSE TO THE MERCILESS ACTS UPON THE EMANUEL NINE OF THE MOTHER EMANUEL AME CHURCH IN CHARLESTON, SC AND IS DEDICATED IN MEMORY OF REVEREND CLEMENTA PINCKNEY. REV. PINCKNEY WAS ALSO A MEMBER OF THE SOUTH CAROLINA SENATE, REPRESENTING THE 45TH DISTRICT, AND WAS A STRONG SUPPORTER OF EDUCATION AND YOUTH DEVELOPMENT. IN RESPONSE TO THE COVID-19 PANDEMIC AND SINCE MARCH 2020, THE FOUNDATION HAS INCREASED THE RESIDENT SERVICE AND COMMUNITY OUTREACH EFFORTS BY ASSISTING MORE THAN 500 FAMILIES WITH EMERGENCY FINANCIAL ASSISTANCE AS WELL AS CONTINUED ACCESS TO UTILITY SERVICES TO HELP FOREGO DISCONNECTION OR EVICTION DURING THE PANDEMIC. THE MARKETPLACE FOOD PANTRY PROGRAM HAS DISTRIBUTED MORE THAN 1 MILLION MEALS TO RESIDENTS AND THE COMMUNITY BY SPONSORING OVER 150 CURBSIDE FOOD DISTRIBUTIONS. THE FOUNDATION HAS ALSO ASSISTED RESIDENTS IN COMMUNITY OUTREACH SUCH AS PROVIDING INFORMATION ON VIRTUAL HEALTHCARE OPTIONS, FINANCIAL ASSISTANCE, AND ACCESS TO TELECOMMUNICATIONS FOR VIRTUAL LEARNING.
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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