THE HUMANITIES FOUNDATION INC

EIN: 570952289 501(c)(3) Housing & Shelter

CHARLESTON, SC

Total Revenue
$3,953,328
Total Expenses
$2,071,498
Total Assets
$33,784,327
Net Assets
$27,029,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
GA
Principal Officer
TRACY T DORAN
Phone
8432845120
Tax Period
2023-01-01 to 2023-12-31

THE HUMANITIES FOUNDATION INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 48% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,303,408
Program Service Revenue $1,068,205
Investment Income $581,715
Other Revenue $0
TOTAL REVENUE $3,953,328

Expense Breakdown

Grants Paid $182,550
Salaries & Benefits $1,067,403
Fundraising Expenses $44,257
Program Expenses $1,618,824
Other Expenses $821,545
TOTAL EXPENSES $2,071,498

Year-over-Year Comparison

2023 2022 Change
Revenue $3,953,328 $3,501,082 +0.1%
Expenses $2,071,498 $2,166,220 0.0%
Net Income $1,881,830 $1,334,862 +0.4%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
4
Employees
17
Volunteers
2450

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$332,996
Total Directors
7
$332,996
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACY T DORAN PRESIDENT 40.00
Officer Director
$87,655 $18,602 $106,257
CHERYL FERRARO CPA SEC/TREASURE 45.00
Officer Director
$204,603 $22,136 $226,739
ANNE WYATT BOARD MEMBER 1.00
Director
$0 $0 $0
PATTI RANDINELLI BOARD MEMBER 1.00
Director
$0 $0 $0
MELISSA MADDOX-EVANS BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH R DORAN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT LACHAPELLE BOARD MEMBER 1.00
Director
$0 $0 $0
GREG BROOKS SECRETARY 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,953,328 $2,071,498 $33,784,327 $1,881,830
2022 $3,501,082 $2,166,220 $31,582,528 $1,334,862
2021 $3,824,255 $1,973,926 $30,885,789 $1,850,329
2020 $2,758,924 $1,766,788 $26,880,521 $992,136
2019 $1,770,538 $1,559,702 $22,930,688 $210,836
2018 $1,521,871 $1,375,510 $24,394,181 $146,361
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