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Humanities Foundation Inc.

Humanities Foundation Inc.

Mt. Pleasant, SC 29464
Tax ID57-0952289

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About this organization

Revenue

$1,521,871

Expenses

$1,375,510

Website

humanitiesfoundation.org

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.

About

AFFORDABLE HOUSING PROGRAM: AS A NONPROFIT DEVELOPER, THE HUMANITIES FOUNDATION FACILITATES THE CREATION OF AFFORDABLE HOUSING BY SERVING AS A GENERAL PARTNER OR MANAGING MEMBER TO ACCESS FUNDS AVAILABLE ONLY TO NONPROFIT DEVELOPERS. THE FOUNDATION FINANCES THE PROJECT AND CONTRACTS WITH ENGINEERS, ARCHITECTS AND BUILDERS TO COMPLETE CONSTRUCTION OF AFFORDABLE HOUSING PROJECTS. THE FOUNDATION IDENTIFIES AND CONTRACTS WITH PROFESSIONAL MANAGEMENT COMPANIES TO MARKET, LEASE AND MAINTAIN THE PROPERTY. 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, MEALS ON WHEELS, 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 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 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. - 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-L '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 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, STAUNTON, VIRGINIA. - SEVEN FARMS VILLAGE: A 42-UNIT 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 388 EAST SHEMROCK,PINEVILLE, LOUISIANA. - MONTAGUE TERRACE APARTMENTS: A 96-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 28 MONTAGUE COURT, STUARTS DRAFT, VIRGINIA. - REGENT PARK APARTMENTS: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 680 WINDSOR LAKE WAY, COLUMBIA, SOUTH CAROLINA. - THE GARDENS SENIOR APARTMENTS: A 55-UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 4949 HOOPER ROAD, BATON ROUGE, LOUISIANA. - PUDDLEDOCK PLACE APARTMENTS: A 84-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 4270 ANNE TERRACE, PRINCE GEORGE, VIRGINIA. - PUDDLEDOCK PLACE APARTMENTS II: A 72-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 1955 DENMARK SQUARE, PRINCE GEORGE, VIRGINIA. - ASHLEIGH PLACE: A 80-UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% & 60% BELOW THE AREA MEDIAN INCOME AT TIMBER TRAIL ROAD, RICHMOND HILL, GA 31324. - CAVALIER SENIOR APARTMENTS: A 80-UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT CAVALIER DRIVE, PETERSBURG, VIRGINIA. - MINTBROOK SENIOR APARTMENTS: A 80-UNIT APARTMENT BUILDING CONSTRUCTED FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT 4475 BACON STREET, BEALTON, VIRGINIA. - CAVALIER APARTMENTS II: A 66-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT CAVALIER DRIVE, PETERSBURG, VIRGINIA. - NEW POST APARTMENTS: A 102-UNIT APARTMENT BUILDING CONSTRUCTED FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT FREDERICKSBURG, VIRGINIA. - KESWICK SENIOR APARTMENTS: A 100-UNIT APARTMENT BUILDING UNDER CONSTRUCTION FOR SENIORS WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT SPOTSYLVANIA, VIRGINIA. - KESWICK APARTMENTS I: A 120-UNIT APARTMENT BUILDING UNDER CONSTRUCTION FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT SPOTSYLVANIA, VIRGINIA. - KESWICK APARTMENTS II: A 116-UNIT APARTMENT BUILDING UNDER CONSTRUCTION FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT SPOTSYLVANIA, VIRGINIA. - GLENWOOD RIDGE APARTMENTS: A 82-UNIT APARTMENT BUILDING UNDER CONSTRUCTION FOR FAMILIES WITH INCOMES 50% BELOW THE AREA MEDIAN INCOME AT RICHMOND, VIRGINIA.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “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.”.

When discussing its operations, they were characterized as: “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.”.

  • The non-profit's legally reported state of operation is SC.
  • The filing states that the non-profit's address in the year 2020 is 474 WANDO PARK BLVD STE 102, MOUNT PLEASANT, SC, 29464.
  • The form submitted by the non-profit for 2020 shows a total of 14 employees.
  • The non-profit has loans outstanding as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $146,361.
  • The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 3 independent voting members.
  • The organization was formed in 1992.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule O.
  • The organization pays $478,682 in salary, compensation, and benefits to its employees.
  • The organization pays $19,019 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization pays grants to individuals.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

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