Overview
What is The Humanities Foundation Inc?
The Humanities Foundation Inc, located in Mount Pleasant, South Carolina, is a dedicated nonprofit organization that specializes in facilitating affordable housing projects. Acting as a non-profit developer, they play vital roles in projects from conception to completion, serving as general partners, managing members, developers, and more. This unique position grants them exclusive access to funds specifically allocated for nonprofit entities. The foundation provides essential financing and collaborates with construction professionals to realize affordable housing developments. Upon project completion, they engage professional management companies to handle marketing, leasing, and maintenance. Their mission is to develop the highest quality affordable and workforce housing, thereby enhancing residents' lives and improving the communities they serve, all through affordability, education, and advocacy. With a workforce of 20 employees, The Humanities Foundation Inc is committed to making a tangible impact in the realm of affordable housing.
Official website here: www.humanitiesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
The Humanities Foundation Inc has received a Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score of 92% is based entirely on its accountability and finance metrics, highlighting its commitment to maintaining transparency and responsible management of finances.
Several strengths contribute to this high rating, including a majority of independent board members and a solid financial oversight structure. The organization has demonstrated effective governance practices, with no reported material diversion of assets and a strong program expense ratio of 78.89%, indicating a significant portion of funds is directed toward its mission-driven activities.
However, the foundation does have a noted limitation, specifically the absence of a whistleblower policy. While this does not affect the overall financial accountability score, it suggests an area for improvement in governance practices to further enhance its transparency and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Humanities Foundation Inc?
The Humanities Foundation Inc has received initial feedback on Facebook, though it currently lacks a robust rating due to the limited number of reviews. Those who have shared their thoughts appreciate the organization's focus on providing housing solutions, highlighting its mission of people helping people.
The sentiment expressed so far indicates a positive belief in the foundation’s efforts, with users feeling their work is meaningful and impactful. While more reviews would provide a clearer picture, the satisfaction shown by the few who have commented suggests that the nonprofit is on the right track in delivering its services.
Overall, as it stands, The Humanities Foundation Inc appears to resonate well with those aware of its initiatives, but further evaluations are needed to fully understand the community's perspective.
This AI summary has been generated from reviews found on Facebook.
Is The Humanities Foundation Inc legitimate?
The Humanities Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Humanities Foundation Inc 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: $276,476
Professional Fundraising Fees: $0
Other Salaries and Wages: $617,855
For more financial information, click here
Official website here: www.humanitiesfoundation.org
What is the mission statement of The Humanities Foundation Inc?
The Humanities Foundation Inc's mission is centered around developing high-quality, affordable, and workforce housing while enhancing the lives of its residents and improving the communities it operates in. This is achieved through a three-pronged approach: affordability, education, and advocacy. As a non-profit developer, the foundation plays a crucial role in facilitating affordable housing projects from conception to completion. It serves various roles, including acting as a general partner, managing member, or developer, allowing it to access funds exclusively available to non-profit entities. The organization provides essential financing to projects and collaborates with construction professionals to realize affordable housing developments. Upon completion, it engages professional management companies to handle property marketing, leasing, and maintenance, thereby ensuring the continuity and success of its projects.
Official website here: www.humanitiesfoundation.org
Who is the CEO of The Humanities Foundation Inc?
Tracy T Doran is the President of The Humanities Foundation Inc.
Official website here: www.humanitiesfoundation.org
What is the revenue of The Humanities Foundation Inc?
The Humanities Foundation Inc's revenue in 2022 was $3,501,082.
Official website here: www.humanitiesfoundation.org
Who are the executives of The Humanities Foundation Inc and what are their salaries?
The average compensation at The Humanities Foundation Inc during 2022 was $44,717. There are 20 employees and 2008 volunteers at The Humanities Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $87,655
- Related: $0
- Other: $17,629
- Compensation: $188,821
- Related: $0
- Other: $21,047
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.humanitiesfoundation.org
Where can I find the form 990 for The Humanities Foundation Inc?
The Humanities Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.humanitiesfoundation.org
Learn more at the official website: www.humanitiesfoundation.org
Mission Statement of The Humanities Foundation Inc
The Humanities Foundation Inc is committed to developing the highest quality affordable and workforce housing available, while enhancing the lives of its residents and improving the communities in which it operates. This is accomplished through a three-pronged approach: affordability, education, and advocacy.
As a non-profit developer, The Humanities Foundation Inc plays a vital role in facilitating affordable housing projects from inception to completion. The organization serves in various capacities, ranging from general partner and managing member to developer. This allows it to access funds exclusively available to nonprofit entities. By providing essential financing and collaborating with construction professionals, including engineers, architects, and builders, The Humanities Foundation Inc realizes affordable housing developments. Upon completion, professional management companies are engaged to handle property marketing, leasing, and maintenance.
In addition to its housing development efforts, The Humanities Foundation Inc is dedicated to enhancing the lives of its residents and the communities it serves. This is achieved through education and advocacy. By promoting education, the organization aims to empower its residents and provide them with the tools they need to succeed. Furthermore, The Humanities Foundation Inc advocates on behalf of its residents and the communities it serves, ensuring their needs are addressed and met. This advocacy work involves collaborating with local authorities, policymakers, and other stakeholders to improve housing policies, access to resources, and other critical issues affecting its residents and communities.
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Impact
July, 2024
The Humanities Foundation Inc's impact can be seen in their efforts to develop the highest quality affordable and workforce housing while enhancing the lives of their residents and improving the communities in which they operate. By serving various roles in affordable housing projects, such as a general partner and managing member, this organization plays a crucial role in facilitating the development of affordable housing from inception to completion. They work with construction professionals to access funds exclusively available to entities like The Humanities Foundation Inc, providing essential financing to projects. Additionally, they engage professional management companies to handle property marketing, leasing, and maintenance upon construction completion. Through their dedication to affordability, education, and advocacy, The Humanities Foundation Inc is making a significant impact in creating more accessible housing options and helping to improve the overall quality of life in the communities they serve.
This information is meant to be a general summary of The Humanities Foundation Inc. 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: $710,965
- Program Service Revenue: $1,697,972
- Gross Receipts: $3,501,082
Assets and Liabilities:
- Total Assets: $31,582,528
- Total Liabilities: $6,435,098
- Net Assets: $25,147,430
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$879,737
DEVELOPER FEES
Revenue
$388,175
DELIVERY FEES
Revenue
$276,293
ADMINISTRATION FEES
Revenue
$153,767
Organization Details
Founding Year
1992
Phone
(843) 856-4120Principal Officer
Tracy T Doran
Main Address
474 WANDO PARK BLVD SUITE 102, MOUNT PLEASANT, SC, 29464
Website
www.humanitiesfoundation.orgNTEE Category
Code: L80Z - Housing
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