Overview
What is Metanoia?
Metanoia is a nonprofit organization based in North Charleston, South Carolina, with a focus on housing development. As a certified Community Housing Development Organization (CHDO), Metanoia provides repairs for homeowners with low fixed incomes, acquires and renovates vacant properties, and builds new homes for both affordable homeownership and rental opportunities. To combat gentrification, Metanoia also land banks properties for future affordable housing. With a mission rooted in faith, Metanoia invests in neighborhood assets, builds leaders, establishes quality housing, and fosters economic development to create strong communities. The organization currently employs 27 individuals.
Official website here: www.metanoiasc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating
Metanoia has achieved an impressive overall score of 99%, reflecting strong performance across various metrics. The organization excels particularly in Accountability & Finance and Leadership & Adaptability, both scoring 100%. This indicates a high degree of financial health and governance, demonstrating that Metanoia effectively manages its resources and adheres to best practices in nonprofit management.
User feedback highlights the organization's commitment to empowering community members through education and life skills training. Volunteers commend Metanoia for its sustainable approach to fostering success, emphasizing that children learn essential skills from a young age that prepare them for the future. This focus on practical education sets Metanoia apart as a valuable resource in the community.
While the organization shows considerable strengths, the scores in Leadership & Adaptability (16%) and Equity Strategies (91%) suggest areas for improvement. Nonetheless, the overall positive feedback from users and the high accountability scores affirm Metanoia's effective operation and dedication to its mission.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
What do the Facebook reviews say about Metanoia?
100% of 17 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The overall sentiment towards Metanoia is overwhelmingly positive, with all participants expressing strong support for its initiatives. Reviewers praise the organization for its effective programs and impactful presence in the community, highlighting the quality of its services.
Many comments emphasize the community-oriented approach and the meaningful differences that the nonprofit makes in people's lives. Overall, it appears that Metanoia successfully lives up to its mission, garnering appreciation for its dedication and commitment to helping others.
This AI summary has been generated from reviews found on Facebook.
Is Metanoia legitimate?
Metanoia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Metanoia submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $193,980
Professional Fundraising Fees: $0
Other Salaries and Wages: $522,560
For more financial information, click here
Official website here: www.metanoiasc.org
What is the mission statement of Metanoia?
Metanoia Community Development Corporation is a faith-based movement that invests in neighborhood assets to foster leadership, establish quality housing, and stimulate economic development. Their mission is to propel individuals forward into new relationships with God and each other, ultimately aiming to create strong communities. Metanoia operates as a non-profit housing developer, offering repairs for low-income homeowners, acquiring and renovating vacant properties, and building new homes for both affordable homeownership and rental opportunities. They also engage in land banking for future affordable housing and collaborate with local policy makers to ensure the creation of additional affordable housing in the region.
Official website here: www.metanoiasc.org
Who is the CEO of Metanoia?
Bill Stanfield is the Board Chair of Metanoia. The CEO's salary of Metanoia is $85,648 and their total compensation is $94,948.
Official website here: www.metanoiasc.org
What is the revenue of Metanoia?
Metanoia's revenue in 2022 was $5,043,478.
Official website here: www.metanoiasc.org
Who are the executives of Metanoia and what are their salaries?
The average compensation at Metanoia during 2022 was $26,539. There are 27 employees and 150 volunteers at Metanoia.
Here are 14 key members and their salaries (Metanoia's CEO's salary is $85,648 and their total compensation is $94,948):
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- Compensation: $85,648
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- Other: $9,300
- Compensation: $73,544
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- Other: $5,927
Official website here: www.metanoiasc.org
Where can I find the form 990 for Metanoia?
Metanoia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.metanoiasc.org
Learn more at the official website: www.metanoiasc.org
Mission Statement of Metanoia
Metanoia Community Development Corporation is a faith-driven movement that invests in neighborhood assets to foster strong communities. Their mission is centered around building leaders, establishing quality housing, and generating economic development. By pushing forward into new relationships with God and each other, Metanoia aims to create harmonious communities.
At the heart of Metanoia's mission is their commitment to housing development. As a non-profit housing developer, they work in distressed communities where they also run leadership programs. In this capacity, they offer repairs to homeowners with low fixed incomes, renovate vacant properties, and build new homes for both affordable homeownership and rental opportunities. Metanoia is also engaged in land banking property for future affordable housing in communities at risk of gentrification. Additionally, they collaborate with local policy makers to ensure the creation of additional affordable housing in their region along a soon-to-be built bus rapid transit line.
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Impact
October, 2024
Metanoia is significantly impacting communities through its dedicated focus on housing development and economic growth. By investing in neighborhood assets, Metanoia addresses critical issues related to affordable housing in distressed areas, particularly in North Charleston, SC. It offers essential repairs for low-income homeowners, ensuring that they can maintain safe and stable living conditions.
Moreover, Metanoia acquires and renovates vacant properties, creating new opportunities for affordable homeownership and rental housing. This initiative not only revitalizes neighborhoods but also provides families with the chance to reside in quality homes that they can afford. The organization's proactive approach to land banking for future affordable housing further safeguards against the adverse effects of gentrification, ensuring that long-term residents are not displaced.
Additionally, Metanoia's collaboration with local policymakers enhances its advocacy for sustainable housing solutions, particularly in preparation for upcoming transit developments. The overall impact of Metanoia is a holistic enhancement of community resilience, fostering both physical and relational improvements that empower residents and cultivate strong, interconnected neighborhoods.
This information is meant to be a general summary of Metanoia. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $41,094
- Program Service Revenue: $636,572
- Gross Receipts: $5,097,123
Assets and Liabilities:
- Total Assets: $13,453,712
- Total Liabilities: $4,058,246
- Net Assets: $9,395,466
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOME SALES
Revenue
$330,000
RENTAL INCOME
Revenue
$306,572
Organization Details
Founding Year
2003
Phone
(843) 529-3014Principal Officer
Bill Stanfield
Main Address
2005 REYNOLDS AVENUE, NORTH CHARLESTON, SC, 29405
Website
www.metanoiasc.orgNTEE Category
Code: S31 - Community improvement
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