Civic Intelligence

Highview Unity Apartments Inc.

990 • Fiscal year 2015 • EIN 55-0757841

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

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

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

58th percentile

0.17x

Higher debt load relative to revenue than 58% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

80th percentile

$131,370

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 97.1% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

30th percentile

-3.1%

Faster asset growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-4.9%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,596,928

Down $51,341 (-3.1%) from 2014

Net Assets

Down

$1,574,400

Down $57,956 (-3.6%) from 2014

Liabilities

Up

$22,528

Up $6,615 (+42%) from 2014

Revenue

Down

$135,227

Down $6,988 (-4.9%) from 2014

Expenses

Down

$193,183

Down $6,093 (-3.1%) from 2014

Net Income

Down

-$57,956

Down $895 (-1.6%) from 2014

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,813,805Liabilities 2010: $19,465Net Assets 2010: $1,794,3402010Assets 2011: $1,765,814Liabilities 2011: $14,818Net Assets 2011: $1,750,9962011Assets 2012: $1,744,799Liabilities 2012: $17,776Net Assets 2012: $1,727,0232012Assets 2013: $1,705,046Liabilities 2013: $15,629Net Assets 2013: $1,689,4172013Assets 2014: $1,648,269Liabilities 2014: $15,913Net Assets 2014: $1,632,3562014Assets 2015: $1,596,928Liabilities 2015: $22,528Net Assets 2015: $1,574,4002015Assets 2016: $1,546,962Liabilities 2016: $44,973Net Assets 2016: $1,501,9892016Assets 2017: $1,487,280Liabilities 2017: $51,336Net Assets 2017: $1,435,9442017Assets 2018: $1,422,489Liabilities 2018: $50,727Net Assets 2018: $1,371,7622018Assets 2019: $1,369,245Liabilities 2019: $43,499Net Assets 2019: $1,325,7462019Assets 2020: $1,318,474Liabilities 2020: $52,559Net Assets 2020: $1,265,9152020Assets 2021: $1,275,779Liabilities 2021: $102,382Net Assets 2021: $1,173,3972021Assets 2022: $1,230,718Liabilities 2022: $67,494Net Assets 2022: $1,163,2242022Assets 2023: $1,191,411Liabilities 2023: $58,432Net Assets 2023: $1,132,9792023Assets 2024: $1,149,026Liabilities 2024: $52,161Net Assets 2024: $1,096,8652024

Highlighted filing

2015

Assets$1,596,928
Liabilities$22,528
Net Assets$1,574,400

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2010: $178,7702010Expenses 2011: $179,3282011Expenses 2012: $177,3822012Expenses 2013: $180,8472013Revenue 2014: $142,215Expenses 2014: $199,276Net Income 2014: -$57,0612014Revenue 2015: $135,227Expenses 2015: $193,183Net Income 2015: -$57,9562015Revenue 2016: $145,633Expenses 2016: $218,044Net Income 2016: -$72,4112016Revenue 2017: $156,607Expenses 2017: $222,652Net Income 2017: -$66,0452017Revenue 2018: $172,378Expenses 2018: $236,560Net Income 2018: -$64,1822018Revenue 2019: $174,498Expenses 2019: $220,514Net Income 2019: -$46,0162019Revenue 2020: $169,026Expenses 2020: $228,857Net Income 2020: -$59,8312020Revenue 2021: $158,657Expenses 2021: $251,175Net Income 2021: -$92,5182021Revenue 2022: $195,810Expenses 2022: $205,983Net Income 2022: -$10,1732022Revenue 2023: $212,196Expenses 2023: $242,441Net Income 2023: -$30,2452023Revenue 2024: $207,299Expenses 2024: $243,413Net Income 2024: -$36,1142024

Highlighted filing

2015

Revenue$135,227
Expenses$193,183
Net Income-$57,956
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$135,227
Mission and Program Overview

Mission

Provide subsidized rental housing to low-income elderly individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,571,864$1,518,363▼ $53,501
Cash and Non-Interest-Bearing Accounts$1,096$2,842▲ $1,746
Prepaid Expenses and Deferred Charges$1,756$1,935▲ $179
Accounts Receivable$1,758--
Total Assets$1,648,269$1,596,928▼ $51,341
Other Assets Total$71,795$73,788▲ $1,993
Liabilities
Accounts Payable and Accrued Expenses$11,149$17,081▲ $5,932
Other Liabilities$4,764$5,397▲ $633
Deferred Revenue-$50-
Total Liabilities$15,913$22,528▲ $6,615
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,970,500$1,970,500→ $0
Unrestricted Net Assets$-338,144$-396,100▼ $57,956
Total Net Assets Fund Balance$1,632,356$1,574,400▼ $57,956
Total Liabilities and Net Assets / Fund Balance$1,648,269$1,596,928▼ $51,341

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,421,979$656,207$2,078,186
Land$87,075-$87,075
Equipment$4,965$24,511$29,476
Other Land Buildings$4,344$7,968$12,312
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joshua D SwordSecretary/tr$131,370$131,370
Kenneth M PerduePresident$104,566$104,566
Don SavageVice Preside$83,594$83,594

Board Members and Trustees

NameTitle
Mike MatthewsCommunity Re
Christine CampbellExecutive Bo
Chuck MillerExecutive Bo
Dan DoyleExecutive Bo
Daniel J PolingExecutive Bo
Dave EfawExecutive Bo
Elaine HarrisExecutive Bo
Gary TillisExecutive Bo
Joe CarterExecutive Bo
Kathy MccormickExecutive Bo
Mike CaputoExecutive Bo
Randall T MooreExecutive Bo
Robert BrownExecutive Bo
Tommy PlymaleExecutive Bo
Vernon SwisherExecutive Bo
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$135,159
Investment Income
$68
Other Revenue
$0
Change in Net Assets
$-57,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$135,227
Total Revenue per Audited Statements
$135,227
Total Revenue per Form 990
$135,227
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$146,726
Salaries, Compensation, and Employee Benefits$46,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$61,486--$61,486
Occupancy$47,365--$47,365
Other Salaries and Wages$12,374$21,671-$34,045
Office Expenses-$11,940-$11,940
Fees for Services Management-$9,503-$9,503
Insurance$7,107--$7,107
Other Employee Benefits$2,319$4,061-$6,380
Fees for Services Accounting-$5,000-$5,000
Payroll Taxes$1,463$2,563-$4,026
Pension Plan Contributions$729$1,277-$2,006
Advertising-$1,862-$1,862
Travel-$625-$625
Other Expenses$103$77-$77
All Other Expenses$22$5-$27
Total Functional Expenses$134,234$58,949$0$193,183

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$193,183
Total Expenses per Audited Statements$193,183
Total Expenses per Form 990$193,183
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 Deposit Funded$5,098
Tenants Key Dep Funded$270
Interest on Security Deposit$29
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 20 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 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
Highview Unity Apartments Inc
EIN
55-0757841
Phone
3042968223
Address
1644 MILEGROUND, MORGANTOWN, WV 26505

Signing Officer

Name
Kenneth M Perdue
Title
President
Phone
3042968223
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth M Perdue
Formed
1999
Legal Domicile
Wv
Voting Board Members
17
Independent Board Members
15
Employees
0

Preparer

Firm
Blair & Company Ac
Address
PO BOX 1991, CHARLESTON, WV 25327
Preparer
John D Blair Jr
Phone
3043434603
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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/TitleTxt16COMMUNITY RE
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE PRESIDE
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IRS990/MissionDesc0PROVIDE SUBSIDIZED RENTAL HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS.
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IRS990/NetAssetsOrFundBalancesEOYAmt01574400
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IRS990/OccupancyGrp/TotalAmt047365
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt011940
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IRS990/Organization501c3Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04061
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02319
IRS990/OtherEmployeeBenefitsGrp/TotalAmt06380
IRS990/OtherExpensesGrp/Desc0LAUNDROMAT EXPENSE
IRS990/OtherExpensesGrp/Desc1CRIMINAL CHECK
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/Desc3TRAINING
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IRS990/OtherExpensesGrp/TotalAmt2103
IRS990/OtherExpensesGrp/TotalAmt377
IRS990/OtherLiabilitiesGrp/BOYAmt04764
IRS990/OtherLiabilitiesGrp/EOYAmt05397
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt021671
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt012374
IRS990/OtherSalariesAndWagesGrp/TotalAmt034045
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IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01277
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0729
IRS990/PensionPlanContributionsGrp/TotalAmt02006
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01935
IRS990/PrincipalOfficerNm0KENNETH M PERDUE
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
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IRS990/ProgramServiceRevenueGrp/Desc2MISC INCOME - MGR'S APT
IRS990/ProgramServiceRevenueGrp/Desc3TELEVISION CABLE
IRS990/ProgramServiceRevenueGrp/Desc4COIN-OPERATED LAUNDRY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt076722
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt144790
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27708
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32641
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt42445
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt144790
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IRS990/PYInvestmentIncomeAmt0324
IRS990/PYOtherExpensesAmt0144028
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IRS990/PYTotalRevenueAmt0142215
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-57956
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
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IRS990/ReportOtherAssetsInd0false
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0324
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0875
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0135159
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0141891
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0143153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0152534
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IRS990ScheduleA/InvestmentIncomePYPct00.01000
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IRS990ScheduleA/PublicSupportCY509Pct00.99800
IRS990ScheduleA/PublicSupportPY509Pct00.99630
IRS990ScheduleA/PublicSupportTotal509Amt0708654
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0135159
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0141891
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0143153
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0152534
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0135917
IRS990ScheduleA/Total509Grp/TotalAmt0708654
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0135227
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0142215
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0143241
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0153409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0135984
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0710076
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01421979
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0656207
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02078186
IRS990ScheduleD/EquipmentGrp/BookValueAmt04965
IRS990ScheduleD/EquipmentGrp/DepreciationAmt024511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029476
IRS990ScheduleD/ExpensesSubtotalAmt0193183
IRS990ScheduleD/LandGrp/BookValueAmt087075
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt087075
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04344
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07968
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012312
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05098
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1270
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSIT FUNDED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.05$1.10$0.21$0.24$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.13$0.21$0.24$0.03
2022Detailed filing. Detailed filing data is available for this year.$1.23$0.07$1.16$0.20$0.21$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.28$0.10$1.17$0.16$0.25$0.09
2020Detailed filing. Detailed filing data is available for this year.$1.32$0.05$1.27$0.17$0.23$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.37$0.04$1.33$0.17$0.22$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.42$0.05$1.37$0.17$0.24$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.05$1.44$0.16$0.22$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.55$0.04$1.50$0.15$0.22$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.60$0.02$1.57$0.14$0.19$0.06
2014Detailed filing. Detailed filing data is available for this year.$1.65$0.02$1.63$0.14$0.20$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.02$1.69$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.74$0.02$1.73$0.18
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$0.01$1.75$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$0.02$1.79$0.18