Civic Intelligence

Thomas Patrick Maroney Unity Apartments Inc.

990 • Fiscal year 2023 • EIN 45-4965095

Jul 01, 2022 to Jun 30, 2023 • Filed on May 11, 2024

1369 Stewartstown RoadMorgantown, WV 26505

(304) 296-8223

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

80th percentile

0.51x

Higher debt load relative to revenue than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

8th percentile

-44%

Higher net margin than 8% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

82nd percentile

$145,558

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 90.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

29th percentile

-2.1%

Faster asset growth than 29% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

43rd percentile

2.8%

Faster revenue growth than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$2,214,306

Down $47,029 (-2.1%) from 2022

Net Assets

Down

$2,131,911

Down $56,705 (-2.6%) from 2022

Liabilities

Up

$82,395

Up $9,676 (+13%) from 2022

Revenue

Up

$160,867

Up $4,435 (+2.8%) from 2022

Expenses

Down

$232,112

Down $2,744 (-1.2%) from 2022

Net Income

Up

-$71,245

Up $7,179 (+9.2%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2013: $201,147Liabilities 2013: $188,847Net Assets 2013: $12,3002013Assets 2014: $722,542Liabilities 2014: $251,747Net Assets 2014: $470,7952014Assets 2015: $2,837,975Liabilities 2015: $133,616Net Assets 2015: $2,704,3592015Assets 2016: $2,637,639Liabilities 2016: $22,810Net Assets 2016: $2,614,8292016Assets 2017: $2,569,901Liabilities 2017: $47,047Net Assets 2017: $2,522,8542017Assets 2018: $2,503,215Liabilities 2018: $49,537Net Assets 2018: $2,453,6782018Assets 2019: $2,434,133Liabilities 2019: $56,259Net Assets 2019: $2,377,8742019Assets 2020: $2,372,895Liabilities 2020: $54,435Net Assets 2020: $2,318,4602020Assets 2021: $2,313,261Liabilities 2021: $46,221Net Assets 2021: $2,267,0402021Assets 2022: $2,261,335Liabilities 2022: $72,719Net Assets 2022: $2,188,6162022Assets 2023: $2,214,306Liabilities 2023: $82,395Net Assets 2023: $2,131,9112023Assets 2024: $2,096,321Liabilities 2024: $49,183Net Assets 2024: $2,047,1382024

Highlighted filing

2023

Assets$2,214,306
Liabilities$82,395
Net Assets$2,131,911

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2013: $12,300Expenses 2013: $0Net Income 2013: $12,3002013Revenue 2014: $462,740Expenses 2014: $4,245Net Income 2014: $458,4952014Revenue 2015: $2,256,220Expenses 2015: $22,656Net Income 2015: $2,233,5642015Revenue 2016: $105,314Expenses 2016: $180,899Net Income 2016: -$75,5852016Revenue 2017: $101,379Expenses 2017: $193,354Net Income 2017: -$91,9752017Revenue 2018: $126,227Expenses 2018: $195,403Net Income 2018: -$69,1762018Revenue 2019: $125,833Expenses 2019: $201,637Net Income 2019: -$75,8042019Revenue 2020: $144,255Expenses 2020: $203,669Net Income 2020: -$59,4142020Revenue 2021: $147,567Expenses 2021: $198,987Net Income 2021: -$51,4202021Revenue 2022: $156,432Expenses 2022: $234,856Net Income 2022: -$78,4242022Revenue 2023: $160,867Expenses 2023: $232,112Net Income 2023: -$71,2452023Revenue 2024: $159,597Expenses 2024: $244,370Net Income 2024: -$84,7732024

Highlighted filing

2023

Revenue$160,867
Expenses$232,112
Net Income-$71,245
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 11, 2024
Return Version
2022v5.0
Gross Receipts
$160,867
Mission and Program Overview

Mission

Provide subsidized rental housing to low-income disabled individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,149,607$2,085,505▼ $64,102
Accounts Receivable$20$14,442▲ $14,422
Cash and Non-Interest-Bearing Accounts$6,596$4,649▼ $1,947
Prepaid Expenses and Deferred Charges$2,379$2,888▲ $509
Total Assets$2,261,335$2,214,306▼ $47,029
Other Assets Total$102,733$106,822▲ $4,089
Liabilities
Accounts Payable and Accrued Expenses$67,995$78,464▲ $10,469
Other Liabilities$4,455$3,656▼ $799
Deferred Revenue$269$275▲ $6
Total Liabilities$72,719$82,395▲ $9,676
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,319,900$2,319,900→ $0
Net Assets Without Donor Restrictions$-131,284$-187,989▼ $56,705
Total Net Assets Fund Balance$2,188,616$2,131,911▼ $56,705
Total Liabilities and Net Assets / Fund Balance$2,261,335$2,214,306▼ $47,029

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,896,488$457,455$2,353,943
Land$160,000-$160,000
Equipment$21,784$97,277$119,061
Other Land Buildings$7,233$28,155$35,388
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joshua D SwordPresident$145,558$145,558
Andy WaltersSecretary Tr$129,742$129,742
Claudette KarrVice Preside$110,115$110,115

Board Members and Trustees

NameTitle
Pk MaroneyCommunity Re
Brian WedgeExecutive Bo
Chuck ParkerExecutive Bo
Dan DoyleExecutive Bo
Daniel J PolingExecutive Bo
Elaine HarrisExecutive Bo
Fred AlbertExecutive Bo
Gary SouthallExecutive Bo
Heather AndersonExecutive Bo
Jesse KingExecutive Bo
Joe CarterExecutive Bo
John EpperlyExecutive Bo
Joyce GibsonExecutive Bo
Mike CaputoExecutive Bo
Robert BrownExecutive Bo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$160,857
Investment Income
$10
Other Revenue
$0
Change in Net Assets
$-71,245

Audited Revenue Reconciliation

Revenue per Audited Statements
$160,867
Total Revenue per Audited Statements
$160,867
Total Revenue per Form 990
$160,867
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$144,512
Salaries, Compensation, and Employee Benefits$87,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$68,147--$68,147
Other Salaries and Wages$30,057$26,477-$56,534
Occupancy$42,898--$42,898
Other Employee Benefits$7,819$18,346-$26,165
Fees for Services Accounting-$10,375-$10,375
Insurance$9,687--$9,687
Fees for Services Management-$8,195-$8,195
Payroll Taxes$2,606$2,295-$4,901
Office Expenses-$3,659-$3,659
Travel-$769-$769
Other Expenses-$240-$240
Advertising-$13-$13
Total Functional Expenses$161,214$70,898$0$232,112

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$232,112
Total Expenses per Audited Statements$232,112
Total Expenses per Form 990$232,112
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
Security Deposits$3,656
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
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 business operations, a 25 unit housing complex, 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; reviews monthly occupany 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
Thomas Patrick Maroney Unity
EIN
45-4965095
Phone
3042968223
Address
1369 STEWARTSTOWN ROAD, MORGANTOWN, WV 26505

Signing Officer

Name
Joshua D Sword
Title
President
Phone
3042968223
Signed
2024-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua D Sword
Formed
2012
Legal Domicile
Wv
Voting Board Members
18
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Blair & Company
Address
179 SUMMERS ST STE 721, CHARLESTON, WV 25301
Preparer
John D Blair Jr
Phone
3043434603
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

All non-officer board members serve without compensation.

Form 990, Part XI, Line 9

The organization recognized an adjustment for prior period wages incurred in fiscal years ending june 30, 2020 and 2021 by increasing accounts payable and decreasing net assets in the amount of 14,540.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt13COMMUNITY RE
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE BO
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03659
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/PrincipalOfficerNm0JOSHUA D SWORD
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
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IRS990/ProgramServiceRevenueGrp/Desc0TENANTS ASSISTANCE PAYMENTS
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IRS990/ProgramServiceRevenueGrp/Desc2MANAGER'S APT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3CABLE & UTILITIES
IRS990/ProgramServiceRevenueGrp/Desc4LAUNDRY & VENDING
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151401
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211460
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32440
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41621
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt093935
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IRS990/RevenueAmt0160857
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt010
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt09
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt07
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0160857
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0147558
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0144248
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0125826
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0734912
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt010
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt09
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
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IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0160857
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IRS990ScheduleA/Total509Grp/TotalAmt0734912
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0160867
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0144255
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0125833
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0734954
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01896488
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0457455
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02353943
IRS990ScheduleD/EquipmentGrp/BookValueAmt021784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt097277
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0119061
IRS990ScheduleD/ExpensesSubtotalAmt0232112
IRS990ScheduleD/LandGrp/BookValueAmt0160000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0160000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07233
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028155
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt035388
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0160867
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02085505
IRS990ScheduleD/TotalExpensesPerForm990Amt0232112

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