The Humanities Foundation Inc

“Anne wyatt the humanities foundation board member president sisters cheryl ferraro, cpa the humanities foundation board member president employee in ownded company rosie doran the humanities foundation board member president daughter”

“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.”

“Board members are requested to sign conflict of interest forms annually.”

“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.”

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

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

“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,”

“Resident services and food pantry: 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.”

“Asset management fees 242,845 0 0 incentive management fee 211,226 0 0 contract labor 17,224 0 0 total 471,295 0 0”

“After completion of the form 990 the organization identified a valuation adjustment to an investment in subsidiary that was corrected after issuance of the form 990.”