2022-02-08T09:54:46-06:00 2021-06-30 824158464 DAVIS & COMPANY CPAS PO BOX 1552 MOUNT PLEASANT SC 29465 990 2020-07-01 200310400 METANOIA META 8435293014 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 BILL STANFIELD CEO 8435293014 2022-02-08 1 BILL STANFIELD 999009999 ZOE DAVIS P01057590 8438813315 2022-02-08 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BILL STANFIELD 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 4102984 0 X WWW.METANOIASC.ORG X 2003 SC METANOIA COMMUNITY DEVELOPMENT CORPORATION IS A MOVEMENT OF PEOPLE ROOTED IN FAITH. WE INVEST IN NEIGHBORHOOD ASSETS TO BUILD LEADERS, ESTABLISH QUALITY HOSUING AND GENERATE ECONOMIC DEVELOPMENT. WE ARE PEOPLE PUSHING FORWARD INTO NEW RELATIONSHIPS WITH GOD AND ONE ANOTHER TO CREATE STRONG COMMUNITIES. 14 14 29 150 0 0 4052323 2759107 228485 278608 20567 8241 277565 1057028 4578940 4102984 0 1940 0 0 1027616 947339 0 0 368306 4133915 1178650 5161531 2127929 -582591 1975055 9511760 10676090 4563064 3632339 4948696 7043751 X METANOIA COMMUNITY DEVELOPMENT CORPORATION IS A MOVEMENT OF PEOPLE ROOTED IN FAITH. WE INVEST IN NEIGHBORHOOD ASSETS TO BUILD LEADERS, ESTABLISH QUALITY HOSUING AND GENERATE ECONOMIC DEVELOPMENT. WE ARE PEOPLE PUSHING FORWARD INTO NEW RELATIONSHIPS WITH GOD AND ONE ANOTHER TO CREATE STRONG COMMUNITIES. 0 0 657500 1940 524511 LEADERSHIP DEVELOPMENT (MYLA - METANOIA YOUTH LEADERSHIP ACADEMY): THE METANOIA YOUTH LEADERSHIP ACADEMY OFFERS YEAR-ROUND LEADERSHIP DEVELOPMENT FOR STUDENTS IN THE MOST DISTRESSED NEIGHBORHOODS IN NORTH CHARLESTON. WE OFFER AFTER SCHOOL PROGRAMMING FOR 75 STUDENTS DURING THE SCHOOL YEAR AND 100 STUDENTS DURING THE SUMMER MONTHS. WE SERVE STUDENTS FROM 1ST TO 12TH GRADES AND OFFER INTERNSHIPS FOR COLLEGE GRADUATES THAT HAVE BEEN STUDENTS IN OUR PROGRAMS. METANOIA STUDENTS OUTPERFORM THEIR PEERS ON STANDARDIZED TESTING AND ATTEND COLLEGE AT A MUCH HIGHER RATE THAN THEIR PEER GROUPS. AS A PART OF THIS EFFORT METANOIA ALSO OPERATES A YOUTH ENTREPRENEURSHIP CENTER THAT TRAINS MIDDLE AND HIGH SCHOOL STUDENTS IN ENTREPRENEURSHIP AND SMALL BUSINESS SKILLS. STUDENTS ALSO HAVE THE OPPORTUNITY TO LEARN FINANCIAL LITERACY AND OPEN COLLEGE SAVINGS ACCOUNTS TO WHICH METANOIA AWARDS MATCHING DOLLARS FOR EACH DOLLAR OF THEIR OWN EARNINGS THAT THEY ARE ABLE TO SAVE. 748184 693703 HOUSING DEVELOPMENT: METANOIA IS A NON-PROFIT HOUSING DEVELOPER FOCUSED IN THE SAME DISTRESSED COMMUNITIES WHERE WE OPERATE OUR LEADERSHIP PROGRAMMING. AS A HUD CERTIFIED COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), WE OFFER REPAIRS TO HOMEOWNERS ON A LOW FIXED INCOME. WE ALSO ACQUIRE AND RENOVATE VACANT PROPERTIES AND BUILD NEW HOMES FOR BOTH AFFORDABLE HOMEOWNERSHIP AND RENTAL OPPORTUNITIES. METANOIA IS ALSO LAND BANKING PROPERTY FOR FUTURE AFFORDABLE HOUSING IN A COMMUNITY THAT IS THREATENED BY GENTRIFICATION. METANOIA IS ALSO WORKING WITH LOCAL POLICY MAKERS TO ENSURE THE CREATION OF ADDITIONAL AFFORDABLE HOUSING IN OUR REGION ALONG A SOON TO BE BUILT BUS RAPID TRANSIT LINE. 223930 67219 ECONOMIC DEVELOPMENT: METANOIA SEEKS THE ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE. WE HAVE DONE THIS THROUGH OFFERING TRAINING TO MINORITY CONTRACTORS, STARTING STUDENT RUN SMALL BUSINESSES, PROVIDING A LOCAL MANUFACTURER A LOW INTEREST LOAN FOR EXPANSION TO CREATE ADDITIONAL JOBS AND WORKING ON THE REVITALIZATION OF A DOWNTOWN COMMERCIAL STRIP THROUGH OUR NEIGHBORHOOD. METANOIA IS ALSO WORKING ON THE ADAPTIVE REUSE OF THE FORMER CHICORA ELEMENTARY SCHOOL A 57,000 SQ/FT FACILITY THAT WILL HOUSE AN EARLY LEARNING CENTER, A CHARTER SCHOOL AND A CENTER FOR THE ARTS. METANOIA ALSO PARTNERS WITH ANOTHER NON-PROFIT TO PROVIDE A SMALL BUSINESS TRAINING CLASS TO MINORITY ENTREPRENEURS. METANOIA IS ALSO WORKING WITH LOCAL MUNICIPAL LEADERS TO SUPPORT SMALL BUSINESS INFRASTRUCTURE WITHIN THE COMMUNITIES WE SERVE. 1629614 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 31 0 1 29 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X WILLIAM STANFIELD 8435293014 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 BILL STANFIELD CEO 40.00 X X 89600 0 7509 JEFF STANTON PRESIDENT 1.00 X X 0 0 0 SHAWN SAULSBERRY VICE-PRESIDENT 1.00 X X 0 0 0 DEBRA STEWART BOARD TREASURER 1.00 X X 0 0 0 JAY KIEVE BOARD MEMBER 1.00 X 0 0 0 PENELOPE MIDDLETON BOARD MEMBER 1.00 X 0 0 0 KELLY LUCAS BOARD MEMBER 1.00 X 0 0 0 ANTON GUNN BOARD MEMBER 1.00 X 0 0 0 IDA TAYLOR BOARD MEMBER 1.00 X 0 0 0 NELSON AKWARI BOARD MEMBER 1.00 X 0 0 0 MONIFA ELLINGTON BOARD MEMBER 1.00 X 0 0 0 CHARLES LARSEN BOARD MEMBER 1.00 X 0 0 0 ALEX JACKSON BOARD MEMBER 1.00 X 0 0 0 FREDERICK HUDSON SECRETARY 1.00 X 0 0 0 RAYNIQUIE SYAS BOARD MEMBER 1.00 X 0 0 0 89600 0 7509 0 0 0 0 PARKER POE ADAMS & BERNSTEIN LLP 200 MEETING STREET CHARLESTON SC 29401 CONSULTING 155813 JW CONSTRUCTION OF RIDGELAND LLC 4636 LINDY HOLLYWOOD SC 29449 CONSTRUCTION 144474 2 671003 2088104 2759107 RENTAL INCOME 531110 278608 278608 278608 8241 8241 INSURANCE PROCEEDS 900099 1040000 1040000 OTHER INCOME 900099 17028 17028 1057028 4102984 1335636 0 8241 X 1940 1940 89600 58050 12230 19320 697556 454500 89073 153983 25417 16830 4032 4555 77208 47364 15640 14204 57558 37020 8329 12209 238117 216302 11030 10785 29653 20882 3254 5517 180154 157498 11328 11328 4370 1758 2181 431 56378 70218 -13840 117338 136557 -19745 526 73262 67880 3440 1942 PROPERTY MAINTENANCE EX 230259 230053 93 113 BAD DEBT EXPENSE 120787 120787 PROPERTY TAXES 25059 25059 COMMISSIONS PAID 24858 24858 78415 62845 2964 12606 2127929 1629614 130009 368306 2626296 4422721 11732 9441 762158 63833 829435 99578 64278 2830 12087 35610 5914328 595055 4968964 5319273 236810 722804 9511760 10676090 1411593 405371 2305631 2637721 200600 645240 589247 4563064 3632339 X 1345545 2465197 3603151 4578554 4948696 7043751 9511760 10676090 1975055 120000 0 X X 0 1 X 1 0 X 1751051 2430944 3808560 4052322 2759107 14801984 125994 121372 161458 228485 278608 915917 1877045 2552316 3970018 4280807 3037715 15717901 0 0 0 15717901 17937 15095 18308 20567 8241 80148 17937 15095 18308 20567 8241 80148 482640 1057028 1539668 1894982 2567411 3988326 4784014 4102984 17337717 0.90660 0.95910 0.00460 0.00490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 661394 59 72206 589247 0 1190138 1190138 4400089 595055 3805034 150821 150821 79368 79368 93912 93912 5319273 CONSTRUCTION IN PROGRESS 708959 AMORTIZED CLOSING COSTS 13845 722804 CUSTODIAL FUNDS 589247 589247 4222984 120000 120000 4102984 0 4102984 2127929 0 2127929 0 2127929 PART IV, LINE 1B: METANOIA AND THE LOWCOUNTRY ALLIANCE FOR MODEL COMMUNITIES (LAMC) ENTERED INTO AN AGREEMENT ON OCTOBER 21, 2016. UNDER THIS AGREEMENT THE CITY OF NORTH CHARLESTON TRANSFERRED $860,000 TO METANOIA FOR THE SERVICES IN THE MOU. THE TARGETED AREAS THAT METANOIA WILL WORK IN WERE ORIGINALLY INCLUDED IN THE MITIGATION FUNDING AGREEMENT. THESE INCLUDE THE NORTH CHARLESTON NEIGHBORHOODS OF ACCABEE, CHICOA/CHEROKEE, FIVE MILE, LIBERTY HILL AND UNION HEIGHTS. METANOIA WILL WORK WITH THE TARGETED NEIGHBORHOODS TO IDENTIFY POTENTIAL PROJECTS FOR NEW AND RENOVATED HOUSING IN THE AREAS SERVED. THEY WILL DEVELOP AS MANY HOMEOWNERSHIP UNITS AS THE CURRENT MARKET FOR SUCH UNITS WILL PERMIT. RENTAL HOUSING IS PERMISSIBLE BUT DEVELOPMENT OF HOMEOWNERSHIP UNITS WILL TAKE PRIORITY OVER RENTAL HOUSING UNITS. PART X, LINE 2 METANOIA IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. IN ADDITION, METANOIA QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). MANAGEMENT EVALUATED METANOIA'S TAX POSITIONS AND CONCLUDED THAT METANOIA HAD MAINTAINED ITS TAX-EXEMPT STATUS AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. METANOIA CURRENTLY HAS NO UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. METANOIA IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X 120000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 WILL BE SENT VIA EMAIL TO ALL BOARD MEMBERS FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS COMPLETE AND SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM ON AN ANNUAL BASIS AND DISCUSS THROUGHOUT THE YEAR AT VARIOUS BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE TO REVIEW THE CEO COMPENSATION PACKAGE AND INDEPENDENTLY COMPARES THI SPARCKAGE TO THAT OF LIKE ORGANIZATIONS. THE CEO IS REPSONSIBLE FOR EVALUATION OF COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINACEIAL STATMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 216,302. MANAGEMENT AND GENERAL EXPENSES 11,030. FUNDRAISING EXPENSES 10,785. TOTAL EXPENSES 238,117. PART XII, LINE 2C THE BOARD REVIEWS AND APPROVES THE 990 BEFORE EFILING.