Civic Intelligence

Unity Housing Inc.

990 • Fiscal year 2022 • EIN 55-0489647

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 28, 2023

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

72nd percentile

0.36x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

4.39x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

58th percentile

$141,808

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

42nd percentile

-1.4%

Faster asset growth than 42% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

1.2%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$6,915,707

Flat from 2022

Net Assets

Flat

$4,452,251

Flat from 2022

Liabilities

Flat

$2,463,456

Flat from 2022

Revenue

Flat

$560,759

Flat from 2022

Expenses

Flat

$665,516

Flat from 2022

Net Income

Flat

-$104,757

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $7,410,743Liabilities 2010: $3,083,584Net Assets 2010: $4,327,1592010Assets 2011: $6,973,578Liabilities 2011: $2,143,308Net Assets 2011: $4,830,2702011Assets 2012: $6,710,258Liabilities 2012: $2,026,085Net Assets 2012: $4,684,1732012Assets 2013: $6,626,436Liabilities 2013: $1,909,870Net Assets 2013: $4,716,5662013Assets 2014: $6,300,068Liabilities 2014: $1,781,742Net Assets 2014: $4,518,3262014Assets 2015: $6,163,126Liabilities 2015: $1,653,447Net Assets 2015: $4,509,6792015Assets 2016: $6,302,864Liabilities 2016: $1,553,179Net Assets 2016: $4,749,6852016Assets 2017: $6,280,065Liabilities 2017: $1,381,442Net Assets 2017: $4,898,6232017Assets 2018: $6,187,335Liabilities 2018: $1,260,917Net Assets 2018: $4,926,4182018Assets 2019: $6,239,168Liabilities 2019: $1,130,119Net Assets 2019: $5,109,0492019Assets 2020: $7,292,488Liabilities 2020: $2,619,047Net Assets 2020: $4,673,4412020Assets 2021: $7,015,001Liabilities 2021: $2,457,993Net Assets 2021: $4,557,0082021Assets 2022: $6,915,707Liabilities 2022: $2,463,456Net Assets 2022: $4,452,2512022Assets 2022: $6,915,707Liabilities 2022: $2,463,456Net Assets 2022: $4,452,2512022Assets 2023: $6,769,102Liabilities 2023: $2,420,534Net Assets 2023: $4,348,5682023

Highlighted filing

2022

Assets$6,915,707
Liabilities$2,463,456
Net Assets$4,452,251

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,111,9892010Revenue 2011: $1,288,568Expenses 2011: $785,457Net Income 2011: $503,1112011Expenses 2012: $674,8902012Expenses 2013: $516,3322013Revenue 2014: $541,994Expenses 2014: $740,234Net Income 2014: -$198,2402014Revenue 2015: $547,922Expenses 2015: $556,569Net Income 2015: -$8,6472015Revenue 2016: $800,940Expenses 2016: $560,934Net Income 2016: $240,0062016Revenue 2017: $679,748Expenses 2017: $530,810Net Income 2017: $148,9382017Revenue 2018: $567,930Expenses 2018: $540,135Net Income 2018: $27,7952018Revenue 2019: $710,711Expenses 2019: $528,080Net Income 2019: $182,6312019Revenue 2020: $707,827Expenses 2020: $1,143,435Net Income 2020: -$435,6082020Revenue 2021: $554,323Expenses 2021: $675,393Net Income 2021: -$121,0702021Revenue 2022: $560,759Expenses 2022: $665,516Net Income 2022: -$104,7572022Revenue 2022: $560,759Expenses 2022: $665,516Net Income 2022: -$104,7572022Revenue 2023: $565,992Expenses 2023: $696,571Net Income 2023: -$130,5792023

Highlighted filing

2022

Revenue$560,759
Expenses$665,516
Net Income-$104,757
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 28, 2023
Return Version
2021v4.0
Gross Receipts
$560,759
Mission and Program Overview

Mission

Provide subsidized rental housing to low-income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$4,609,425$4,609,425→ $0
Land, Buildings, and Equipment, Net$977,737$821,924▼ $155,813
Savings and Temporary Cash Investments$499,885$246,357▼ $253,528
Accounts Receivable$30,286$24,428▼ $5,858
Prepaid Expenses and Deferred Charges$23,640$12,328▼ $11,312
Total Assets$7,015,001$6,915,707▼ $99,294
Other Assets Total$874,028$1,201,245▲ $327,217
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,421,830$2,386,433▼ $35,397
Accounts Payable and Accrued Expenses$18,852$59,097▲ $40,245
Other Liabilities$17,287$17,926▲ $639
Deferred Revenue$24--
Total Liabilities$2,457,993$2,463,456▲ $5,463
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,557,008$4,452,251▼ $104,757
Total Net Assets Fund Balance$4,557,008$4,452,251▼ $104,757
Total Liabilities and Net Assets / Fund Balance$7,015,001$6,915,707▼ $99,294

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$706,459$3,036,137$3,742,596
Equipment$14,904$164,910$179,814
Other Land Buildings$34,561$46,555$81,116
Land$66,000-$66,000
Investment Program Related Org$4,609,425--
Other Assets Org$21,542--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joshua D SwordPresident$141,808$141,808
Andy WaltersSecretary Tr$123,323$123,323
Claudette KarrVice Preside$112,473$112,473

Board Members and Trustees

NameTitle
Kenney PerdueCommunity Re
Brian WedgeExecutive Bo
Chuck ParkerExecutive Bo
Craig HarveyExecutive Bo
Dan DoyleExecutive Bo
Daniel J PolingExecutive Bo
Dave EfawExecutive Bo
Elaine HarrisExecutive Bo
Fred AlbertExecutive Bo
Gary SouthallExecutive Bo
Heather AndersonExecutive Bo
Jess KingExecutive Bo
Joe CarterExecutive Bo
John EpperlyExecutive Bo
Joyce GibsonExecutive Bo
Mike CaputoExecutive Bo
Robert BrownExecutive Bo
Sterling BallExecutive Bo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,157
Investment Income
$602
Other Revenue
$0
Change in Net Assets
$-104,757

Audited Revenue Reconciliation

Revenue per Audited Statements
$560,759
Total Revenue per Audited Statements
$560,759
Total Revenue per Form 990
$560,759
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$467,164
Salaries, Compensation, and Employee Benefits$198,352
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$159,542--$159,542
Occupancy$122,209--$122,209
Other Salaries and Wages$63,762$57,241-$121,003
Interest$105,192--$105,192
Other Employee Benefits$28,927$28,863-$57,790
Fees for Services Management-$38,926-$38,926
Insurance$19,253--$19,253
Office Expenses-$12,524-$12,524
Pension Plan Contributions$5,556$4,987-$10,543
Payroll Taxes$4,752$4,264-$9,016
Fees for Services Accounting-$4,767-$4,767
Advertising-$3,378-$3,378
Travel-$571-$571
Other Expenses-$100-$100
Total Functional Expenses$509,193$156,323$0$665,516

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$665,516
Total Expenses per Audited Statements$665,516
Total Expenses per Form 990$665,516
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$17,926
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 60 unit housing complex, is 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 monthly financial reports; reviews monthly occupancy 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.

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

The members meet annually 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
Unity Housing Inc
EIN
55-0489647
Phone
3042968223
Address
1369 STEWARTSTOWN ROAD, MORGANTOWN, WV 26505

Signing Officer

Name
Joshua D Sword
Title
President
Phone
3042968223
Signed
2023-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joshua D Sword
Formed
1966
Legal Domicile
Wv
Voting Board Members
18
Independent Board Members
15
Employees
0
Volunteers
18

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 board members serve without compensation.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY TR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDE
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IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE BO
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IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE BO
IRS990/Form990PartVIISectionAGrp/TitleTxt17COMMUNITY RE
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE BO
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IRS990/ProgSrvcAccomActy2Grp/Desc0IN 2009, THE CORPORATION SOLD ITS 122 UNIT APARTMENT COMPLEX SERVING LOW- INCOME ELDERLY INDIVIDUALS IN MORGANTOWN, WEST VIRGINIA. THE FOLLOWING YEAR, THE CORPORATION SOLD ITS 91 UNIT APARTMENT COMPLEX IN FAIRMONT, WEST VIRGINIA. THE CORPORATION HOLDS A RESIDUAL RECEIPTS NOTE FROM THE MORGANTOWN PROJECT SALE AND CASH FROM THE FAIRMONT PROJECT SALE. THE CASH AND ANY PROCEEDS FROM THE NOTE ARE SUBJECT TO RESTRICTIONS ON ITS USE LIMITED TO LOW INCOME HOUSING WITH PRIOR APPROVAL BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$6.77$2.42$4.35$0.57$0.70$0.13
2022Detailed filing. Detailed filing data is available for this year.$6.92$2.46$4.45$0.56$0.67$0.10
2022Summary only. Only limited summary data is available for this year.$6.92$2.46$4.45$0.56$0.67$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.02$2.46$4.56$0.55$0.68$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.29$2.62$4.67$0.71$1.14$0.44
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.24$1.13$5.11$0.71$0.53$0.18
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.19$1.26$4.93$0.57$0.54$0.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$1.38$4.90$0.68$0.53$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.30$1.55$4.75$0.80$0.56$0.24
2015Detailed filing. Detailed filing data is available for this year.$6.16$1.65$4.51$0.55$0.56$0.01
2014Detailed filing. Detailed filing data is available for this year.$6.30$1.78$4.52$0.54$0.74$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.63$1.91$4.72$0.52
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.71$2.03$4.68$0.67
2011Summary only. Only limited summary data is available for this year.$6.97$2.14$4.83$1.29$0.79$0.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.41$3.08$4.33$1.11
Peer Organizations

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