2023-05-02T09:37:01-05:00 2022-06-30 390758449 WIPFLI LLP 101 EAST FRONT STREET 301 MISSOULA MT 59802 990 2021-07-01 200310400 METANOIA META 8435293014 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 BILL STANFIELD CEO 8435293014 2023-04-27 1 BILL STANFIELD XXX-XX-XXXX SAM BRUNSON CPA P01696998 4067281800 2023-04-27 0 AAL1 IAL1 2021 2023-04-26 12:10:37Z BILL STANFIELD 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 5097123 0 X 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 HOUSING AND GENERATE ECONOMIC DEVELOPMENT. WE ARE PEOPLE PUSHING FORWARD INTO NEW RELATIONSHIPS WITH GOD AND ONE ANOTHER TO CREATE STRONG COMMUNITIES. 12 12 27 150 0 0 2759107 4319633 278608 636572 8241 41094 1057028 46179 4102984 5043478 1940 6698 0 0 947339 850139 0 0 228032 1178650 1834926 2127929 2691763 1975055 2351715 10676090 13453712 3632339 4058246 7043751 9395466 X METANOIA COMMUNITY DEVELOPMENT CORPORATION IS A MOVEMENT OF PEOPLE ROOTED IN FAITH. WE INVEST IN NEIGHBORHOOD ASSETS TO BUILD LEADERS, ESTABLISH QUALITY HOUSING AND GENERATE ECONOMIC DEVELOPMENT. WE ARE PEOPLE PUSHING FORWARD INTO NEW RELATIONSHIPS WITH GOD AND ONE ANOTHER TO CREATE STRONG COMMUNITIES. 0 0 1138870 656081 HOUSING DEVELOPMENT:METANOIA IS A NON-PROFIT HOUSING DEVELOPER FOCUSED ON THE SAME DISTRESSED COMMUNITIES WHERE WE OPERATE OUR LEADERSHIP PROGRAMMING. AS A 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. 505611 6698 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 35 STUDENTS DURING THE SCHOOL YEAR AND 75 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. 414789 ECONOMIC DEVELOPMENT:METANOIA SEEKS THE ECONOMIC REVITALIZATION OF THE COMMUNITIES WE SERVE THAT IS BENEFICIAL TO THE CURRENT RESIDENTS WITHIN THOSE COMMUNITIES. 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 THE 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 IS ALSO WORKING WITH LOCAL MUNICIPAL LEADERS TO SUPPORT SMALL BUSINESS INFRASTRUCTURE WITHIN THE COMMUNITIES WE SERVE. 83721 CALL TO ACTION: METANOIA WORKS WITH THE CITIZENS OF THE COMMUNITY TO MOBILIZE COMMUNITY VOICE AROUND ISSUES THAT THEY IDENTIFY AS IMPORTANT. THE ORGANIZATION HAS WORKED TO ORGANIZE THE COMMUNITY TO GET A NEW ELEMENTARY SCHOOL BUILT, CHANGE NEIGHBORHOOD ZONING LAWS, AND ACHIEVE MITIGATION FUNDING FROM A RAIL FACILITY BEING BUILT ADJACENT TO THE COMMUNITY. METANOIA ALSO HOSTS VOLUNTEERS THAT WORK IN PARTNERSHIP WITH COMMUNITY RESIDENTS ON PROJECTS AND PROGRAMS THAT BENEFIT THE COMMUNITY. ANY ORGANIZING OF THE COMMUNITY AROUND ISSUES OF IMPORTANCE IS NON-PARTISAN AND ISSUE ORIENTED. 83721 2142991 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 26 0 27 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 SC X X BILL STANFIELD 8435293014 2005 REYNOLDS AVENUE NORTH CHARLESTON SC 29405 SHAWN SAULSBERRY BOARD CHAIR 4.00 X X 0 0 0 MONIFA ELLINGTON VICE CHAIR 2.00 X X 0 0 0 JEFFREY STANGON TREASURER 2.00 X X 0 0 0 FRED HUDSON SECRETARY 1.00 X X 0 0 0 AYESHA WASHINGTON DIRECTOR 1.00 X 0 0 0 LANE RILEY DIRECTOR 1.00 X 0 0 0 CHARLES LARSEN DIRECTOR 1.00 X 0 0 0 ALEX JACKSON DIRECTOR 1.00 X 0 0 0 NELSON AKWARI DIRECTOR 1.00 X 0 0 0 IDA TAYLOR DIRECTOR 1.00 X 0 0 0 RAYNIQUE SYAS DIRECTOR 1.00 X 0 0 0 DEBRA STEWART DIRECTOR 1.00 X 0 0 0 BILL STANFIELD CEO 40.00 X 85648 0 9300 JAMILLA HARPER COO 40.00 X 73544 0 5927 159192 0 15227 0 0 0 0 0 742 1314587 3004304 4319633 HOME SALES 531390 330000 330000 RENTAL INCOME 531110 306572 306572 636572 14719 14719 80020 53645 26375 26375 26375 OTHER INCOME 900099 19509 19509 WORKERS COMP REFUND 900099 14614 14614 INSURANCE PROCEEDS 900099 12056 12056 46179 5043478 656081 0 67764 6698 6698 193980 126573 26959 40448 522560 342794 69176 110590 16400 10933 2110 3357 59936 31595 21017 7324 57263 33769 12294 11200 254384 187753 56910 9721 139036 102618 31105 5313 105789 78080 23667 4042 48531 22044 14949 11538 48458 31558 14248 2652 82681 73885 3269 5527 11679 8639 1128 1912 55848 55848 145128 126121 19007 85571 74337 9089 2145 CONSTRUCTION COSTS 426589 426589 PROPERTY MAINTENANCE EX 201270 189610 5829 5831 OOR EXPENSE 123010 123010 EMERGENCY REPAIRS 38776 38776 68176 51761 9983 6432 2691763 2142991 320740 228032 4422721 4221629 9441 1500359 63833 68084 99578 24545 2830 557848 35610 28387 6380084 691601 5319273 5688483 722804 1364377 10676090 13453712 405371 378023 787990 545674 2637721 2344059 589247 2500 3632339 4058246 X 2465197 3835420 4578554 5560046 7043751 9395466 10676090 13453712 2351715 0 X X 0 1 X 1 1 1 X 2430944 3808560 4052322 2759107 4319633 17370566 121372 161458 228485 278608 656081 1446004 2552316 3970018 4280807 3037715 4975714 18816570 35000 750000 785000 0 35000 750000 785000 18031570 15095 18308 20567 8241 14719 76930 15095 18308 20567 8241 14719 76930 277565 1057028 26670 1361263 2567411 3988326 4578939 4102984 5017103 20254763 0.89020 0.90660 0.00380 0.00460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1526929 1526929 4288387 503730 3784657 434369 91006 343363 130399 96865 33534 5688483 CONSTRUCTION IN PROGRESS 1272777 AMORTIZED CLOSING COSTS 11600 ASSETS HELD WITH CONDITIONS 80000 1364377 REFUNDABLE DEPOSITS 2500 2500 X 4736889 120000 120000 4616889 426589 426589 5043478 2385174 120000 120000 2265174 426589 426589 2691763 PART IV, LINE 2B: METANOIA ENTERED INTO AN AGREEMENT WITH THE LOWCOUNTRY ALLIANCE FOR MODEL COMMUNITIES IN 2016. UNDER THIS AGREEMENT, THE CITY OF NORTH CHARLESTON TRANSFERRED $860,000 TO METANOIA FOR SERVICES. THE FUNDS ARE REQUIRED TO BE KEPT IN A SEPARATE ACCOUNT. METANOIA WILL WORK WITH TARGETED NEIGHBORHOODS TO DEVELOP AFFORDABLE HOUSING UNITS THAT WILL BE FINANCED WITH THESE FUNDS. THESE FUNDS ARE TO BE SPENT ACCORDING TO THE AGREEMENT. METANOIA WILL WORK WITH TARGETED COMMUNITIES IN NORTH CHARLESTON TO IDENTIFY POTENTIAL PROJECTS FOR NEW AND RENOVATED HOUSING. METANOIA WILL DEVELOP AS MANY HOMEOWNERSHIP UNITS AS THE CURRENT MARKET FOR SUCH CAN HOLD AND THE AGREEMENT ALLOWS FOR DEVELOPMENT OF AFFORDABLE RENTAL HOUSING AS WELL. THE MONEY TRANSFERRED TO A REVOLVING ACCOUNT FOR SHORT TERM (36 MONTHS PER PROJECT) ACQUISITION AND CONSTRUCTION FINANCING OF IDENTIFIED PROPERTIES. AFTER 36 MONTHS OR ONCE THAT PROJECT IS COMPLETE, WHICHEVER IS SOONER, METANOIA WILL FIND LONG TERM FINANCING FOR THESE PROPERTIES. NO MORE THAN 10% OF A UNIT'S FINANCING FROM THE FUNDS OUTLINED IN THE MOU MAY BE LEFT IN AN INDIVIDUAL UNIT FOR LONG TERM FINANCING. ALL HOMEOWNERS OR RENTERS SERVED BY THIS GRANT MUST HAVE HOUSEHOLD INCOMES AT OR BELOW 120% OF AREA MEDIAN INCOME ("AMI") ADJUSTED FOR FAMILY SIZE. HOUSING PROJECTS UNDER THIS AGREEMENT WILL OPERATE WITHIN THE SCOPE OF THE COMMUNITY MASTER PLAN FACILITATED BY THE LAMC AND ADOPTED BY THE CITY OF NORTH CHARLESTON. 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 FOR THE YEARS ENDED JUNE 30, 2022, OR 2021. 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. PART XI, LINE 4B - OTHER ADJUSTMENTS: CONSTRUCTION COSTS PART XII, LINE 4B - OTHER ADJUSTMENTS: CONSTRUCTION COSTS 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 POLICY APPLIES TO ALL MEMBERS OF THE BOARD AND EMPLOYEES. BOARD MEMBERS AND EMPLOYEES HAVE AN OBLIGATION TO DISCLOSE REAL AND APPARENT OR PERCEIVED CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS AND CEO. THE CHAIRPERSON OF THE BOARD WILL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF THE CONFLICT INVOLVING THE BOD, ANY BOARD COMMITTEE MEMBER, OR THE CEO AND ANY MEMBER OF THE SENIOR LEADERSHIP TEAM. THE CEO WILL BE RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING EMPLOYEES BELOW THE SENIOR MANAGEMENT LEVEL, SUBJECT TO THE APPROVAL OF THE BOD. THOSE DETERMINED TO HAVE A CONFLICT WILL ABSTAIN FROM PARTICIPATING IN, DISCUSSING, OR VOTING ON THE ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS APPOINTS A COMMITTEE TO REVIEW THE CEO COMPENSATION PACKAGE AND INDEPENDENTLY COMPARES THIS PACKAGE TO THAT OF LIKE ORGANIZATIONS. THE CEO IS RESPONSIBLE FOR EVALUATION OF COMPENSATION FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR.