Civic Intelligence

Gihon Unity Apartments Inc.

990 • Fiscal year 2018 • EIN 31-1072016

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 28, 2018

1644 MilegroundMorgantown, WV 26505

(304) 296-8223

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.01x

Higher debt load relative to assets than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

98th percentile

10.67x

Higher debt load relative to revenue than 98% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

2nd percentile

-194%

Higher net margin than 2% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

75th percentile

$116,838

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 18370.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

46th percentile

0.0%

Faster asset growth than 46% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$1,239,739

Up $136 (+0.0%) from 2017

Net Assets

Down

$1,232,951

Down $1,235 (-0.1%) from 2017

Liabilities

Up

$6,788

Up $1,371 (+25%) from 2017

Revenue

Down

$636

Down $27,297 (-98%) from 2017

Expenses

Up

$1,871

Up $606 (+48%) from 2017

Net Income

Down

-$1,235

Down $27,903 (-105%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2011: $1,147,132Liabilities 2011: $1,476Net Assets 2011: $1,145,6562011Assets 2012: $1,147,134Liabilities 2012: $1,476Net Assets 2012: $1,145,6582012Assets 2013: $1,147,134Liabilities 2013: $3,186Net Assets 2013: $1,143,9482013Assets 2014: $1,147,134Liabilities 2014: $3,186Net Assets 2014: $1,143,9482014Assets 2015: $1,147,134Liabilities 2015: $3,921Net Assets 2015: $1,143,2132015Assets 2016: $1,212,170Liabilities 2016: $4,652Net Assets 2016: $1,207,5182016Assets 2017: $1,239,603Liabilities 2017: $5,417Net Assets 2017: $1,234,1862017Assets 2018: $1,239,739Liabilities 2018: $6,788Net Assets 2018: $1,232,9512018Assets 2019: $1,267,254Liabilities 2019: $7,729Net Assets 2019: $1,259,5252019Assets 2020: $1,294,906Liabilities 2020: $7,754Net Assets 2020: $1,287,1522020Assets 2021: $1,295,055Liabilities 2021: $7,754Net Assets 2021: $1,287,3012021Assets 2022: $1,295,092Liabilities 2022: $7,754Net Assets 2022: $1,287,3382022Assets 2023: $1,295,107Liabilities 2023: $10,239Net Assets 2023: $1,284,8682023Assets 2024: $1,295,122Liabilities 2024: $10,239Net Assets 2024: $1,284,8832024

Highlighted filing

2018

Assets$1,239,739
Liabilities$6,788
Net Assets$1,232,951

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$80K$60K$40K$20K$0-$20KExpenses 2011: $3,9642011Expenses 2012: $02012Expenses 2013: $1,7102013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $500Expenses 2015: $1,235Net Income 2015: -$7352015Revenue 2016: $65,590Expenses 2016: $1,285Net Income 2016: $64,3052016Revenue 2017: $27,933Expenses 2017: $1,265Net Income 2017: $26,6682017Revenue 2018: $636Expenses 2018: $1,871Net Income 2018: -$1,2352018Revenue 2019: $27,515Expenses 2019: $941Net Income 2019: $26,5742019Revenue 2020: $28,152Expenses 2020: $525Net Income 2020: $27,6272020Revenue 2021: $649Expenses 2021: $500Net Income 2021: $1492021Revenue 2022: $537Expenses 2022: $500Net Income 2022: $372022Revenue 2023: $515Expenses 2023: $2,985Net Income 2023: -$2,4702023Revenue 2024: $515Expenses 2024: $500Net Income 2024: $152024

Highlighted filing

2018

Revenue$636
Expenses$1,871
Net Income-$1,235
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 28, 2018
Return Version
2017v2.3
Gross Receipts
$636
Mission and Program Overview

Mission

Provide financial assistance to commonly controlled subsidized housing entities for low-income elderly and disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,147,080$1,147,080→ $0
Savings and Temporary Cash Investments$92,523$92,659▲ $136
Total Assets$1,239,603$1,239,739▲ $136
Liabilities
Other Liabilities$5,417$6,788▲ $1,371
Total Liabilities$5,417$6,788▲ $1,371
Net Assets / Fund Balance
Unrestricted Net Assets$1,234,186$1,232,951▼ $1,235
Total Net Assets Fund Balance$1,234,186$1,232,951▼ $1,235
Total Liabilities and Net Assets / Fund Balance$1,239,603$1,239,739▲ $136

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,147,080--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joshua D SwordPresident$116,838$116,838
Don SavageVice-preside$92,725$92,725
Joe CarterExecutive Bo$27,000$27,000
Andy WaltersSecretary Tr$14,079$14,079

Board Members and Trustees

NameTitle
Brian WedgeExecutive Bo
Christine CampbellExecutive Bo
Chuck ParkerExecutive Bo
Craig HarveyExecutive Bo
Dan DoyleExecutive Bo
Daniel J PolingExecutive Bo
Dave EfawExecutive Bo
Elaine HarrisExecutive Bo
Kathy MccormickExecutive Bo
Mike CaputoExecutive Bo
Robert BrownExecutive Bo
Sterling BallExecutive Bo
Vernon SwisherExecutive Bo
Revenue and Support

Revenue Composition

Contributions and Grants
$500
Program Service Revenue
$0
Investment Income
$136
Other Revenue
$0
Change in Net Assets
$-1,235
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,871
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,320-$1,320
Fees for Services Other-$500-$500
Office Expenses-$51-$51
Total Functional Expenses$0$1,871$0$1,871
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amount Due Related Party$6,788
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The corporation's activities are managed by human resource development & employment, inc., an organization exempt from taxation under i.r.c. Section 501(c)(3) and related to the corporation through common control (see schedule r). The management agent provides bookkeeping assistance; prepares periodic financial reports; monitors cash collections; and controls disbursements.

Form 990, Page 6, Part VI, Line 6

The organization's members are comprised of its board of directors and other persons interested in the purpose of the corporation who have made application to and been approved by the board of directors.

Form 990, Page 6, Part VI, Line 7A

The members meet every four years to elect the board of directors and transact such other business as may properly come before them.

Form 990, Page 6, Part VI, Line 7B

The members, by a majority of the members voting, may remove any member for conduct deemed prejudicial to the organization. The members, by a majority vote of all members of record, may remove a director with or without cause.

Form 990, Page 6, Part VI, Line 11B

The organization's president and/or secretary-treasurer reviews the return with the independent accountant for completeness and accuracy when it is presented for signature. The officer(s) inform the executive board at its next meeting that the return has been filed; a public inspection copy has been made available in the organization's main office; and a copy has been posted to the organization's private secure web-portal for board members. The officer(s) will also typically discuss with the board any significant changes or observations that come from the return preparation.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and form 990 are available for inspection in the management agent's main office during normal business hours. Advance notice is requested.

Filing and Contact Details

Filer

Filer Name
Gihon Unity Apartments Inc
EIN
31-1072016
Phone
3042968223
Address
1644 MILEGROUND, MORGANTOWN, WV 26505

Signing Officer

Name
Joshua D Sword
Title
President
Phone
3042968223
Signed
2018-12-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua D Sword
Formed
1983
Legal Domicile
Wv
Voting Board Members
16
Independent Board Members
14
Employees
0

Preparer

Firm
Blair & Company Ac
Address
PO BOX 1991, CHARLESTON, WV 25327
Preparer
John D Blair Jr
Phone
3043434603
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Conservator services contrib 0 500 0

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IRS990/PrincipalOfficerNm0JOSHUA D SWORD
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE CORPORATION SERVES WITHOUT COMPENSATION AS GENERAL PARTNER TO UNITY HOUSING APARTMENTS, L.P., OWNER AND OPERATOR OF FOUR LOW-INCOME APARTMENT COMPLEXES WITH A TOTAL OF 296 UNITS, INCLUDING THE CORPORATION'S PRIOR PROJECT. THE PROJECTS ARE LOCATED IN PARKERSBURG, MORGANTOWN, FAIRMONT, AND WELLSBURG, WEST VIRGINIA.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MARION UNITY APARTMENTS, INC. 55-0678214 10 0 0 ROMNEY UNITY APARTMENTS, INC. 55-0687740 10 0 0 SOUTH CHARLESTON UNITY APARTMENTS, INC. 55-0745598 10 0 0 THOMAS P. MARONEY UNITY APTS, INC. 45-4965095 10 0 0 UNITY COURT APARTMENTS, INC. 55-0751157 10 0 0 UNITY HOUSE APARTMENTS, INC. 55-0731330 10 0 0 UNITY HOUSING, INC. 55-0489647 10 0 0 WEST HAMLIN UNITY PLACE, INC. 55-0757843 10 0 0
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION AND ALL OF ITS SUPPORTED ORGANIZATIONS CONTAIN THE SAME LANGUAGE IN THEIR GOVERNING DOCUMENTS. ALL WERE FORMED BY THE SAME GOVERNING BOARDS (COMPRISED OF DIFFERENT INDIVIDUALS, WHOM FROM TIME TO TIME, SERVED IN EACH GOVERNING BODY) TO EXCLUSIVELY OPERATE FOR THE PURPOSE OF PROVIDING ELDERLY, LOW-INCOME, AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. THE ORGANIZATION, WHICH FORMERLY OPERATED HUD- APPROVED HOUSING, AND ALL SUPPORTED ORGANIZATIONS, WHICH CURRENTLY PROVIDE HUD-APPROVED HOUSING, ARE RESTRICTED IN THE USE OF THEIR FUNDS TO THOSE PURPOSES APPROVED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART I, LINE 11H
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION A, LINE 1
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt90
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CABELL-HUNTINGTON UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1CROSS LANES UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2FAYETTE HILLS UNITY INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3HIGHVIEW UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4LINCOLN UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5MARION UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6ROMNEY UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt7SOUTH CHARLESTON UNITY APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt8THOMAS P MARONEY UNITY APTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt9UNITY COURT APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt10UNITY HOUSE APARTMENTS INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt11UNITY HOUSING INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt12WEST HAMLIN UNITY PLACE INC
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NOTE RCV - RESIDUAL RCPTS (RELATED)
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMOUNT DUE RELATED PARTY
IRS990ScheduleD/TotalBookValueProgramRltdAmt01147080
IRS990ScheduleD/TotalLiabilityAmt06788
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S ACTIVITIES ARE MANAGED BY HUMAN RESOURCE DEVELOPMENT & EMPLOYMENT, INC., AN ORGANIZATION EXEMPT FROM TAXATION UNDER I.R.C. SECTION 501(C)(3) AND RELATED TO THE CORPORATION THROUGH COMMON CONTROL (SEE SCHEDULE R). THE MANAGEMENT AGENT PROVIDES BOOKKEEPING ASSISTANCE; PREPARES PERIODIC FINANCIAL REPORTS; MONITORS CASH COLLECTIONS; AND CONTROLS DISBURSEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S MEMBERS ARE COMPRISED OF ITS BOARD OF DIRECTORS AND OTHER PERSONS INTERESTED IN THE PURPOSE OF THE CORPORATION WHO HAVE MADE APPLICATION TO AND BEEN APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS MEET EVERY FOUR YEARS TO ELECT THE BOARD OF DIRECTORS AND TRANSACT SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MEMBERS, BY A MAJORITY OF THE MEMBERS VOTING, MAY REMOVE ANY MEMBER FOR CONDUCT DEEMED PREJUDICIAL TO THE ORGANIZATION. THE MEMBERS, BY A MAJORITY VOTE OF ALL MEMBERS OF RECORD, MAY REMOVE A DIRECTOR WITH OR WITHOUT CAUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PRESIDENT AND/OR SECRETARY-TREASURER REVIEWS THE RETURN WITH THE INDEPENDENT ACCOUNTANT FOR COMPLETENESS AND ACCURACY WHEN IT IS PRESENTED FOR SIGNATURE. THE OFFICER(S) INFORM THE EXECUTIVE BOARD AT ITS NEXT MEETING THAT THE RETURN HAS BEEN FILED; A PUBLIC INSPECTION COPY HAS BEEN MADE AVAILABLE IN THE ORGANIZATION'S MAIN OFFICE; AND A COPY HAS BEEN POSTED TO THE ORGANIZATION'S PRIVATE SECURE WEB-PORTAL FOR BOARD MEMBERS. THE OFFICER(S) WILL ALSO TYPICALLY DISCUSS WITH THE BOARD ANY SIGNIFICANT CHANGES OR OBSERVATIONS THAT COME FROM THE RETURN PREPARATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE FOR INSPECTION IN THE MANAGEMENT AGENT'S MAIN OFFICE DURING NORMAL BUSINESS HOURS. ADVANCE NOTICE IS REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSERVATOR SERVICES CONTRIB 0 500 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.28$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.28$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$0.00$0.00$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$1.29$0.01$1.29$0.03$0.00$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.27$0.01$1.26$0.03$0.00$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.01$1.23$0.03$0.00$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.00$1.21$0.07$0.00$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.14$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.15$0.00$1.14$0.00$0.00$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.14$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.00