Overview
What is Unity Housing Inc?
Unity Housing Inc, based in Morgantown, West Virginia, is a nonprofit organization that operates a 60-unit apartment complex, specifically catering to individuals with limited income. Their primary mission is to provide subsidized rental housing, ensuring that low-income individuals have access to affordable living spaces. The organization manages all expenses associated with the facility, ensuring it operates efficiently and effectively to meet the needs of its residents.
Official website here: www.hrdewv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Unity Housing Inc. has been awarded a Four-Star rating by Charity Navigator, indicating a high level of accountability and financial performance. With a score of 96% in accountability and finance, the organization demonstrates strong governance and transparency practices, which are crucial for donor confidence and support. The rating is based on a comprehensive assessment, ensuring stakeholders can trust the management of resources.
The organization excels in its board independence, with 83% of its members being independent, and maintains a healthy financial structure with a liabilities to assets ratio of 35.75%. Additionally, Unity Housing Inc. meets all the necessary criteria for financial audits and has implemented key policies regarding conflict of interest, whistleblower protections, and document retention. These factors contribute positively to the charity's overall score, showcasing its commitment to ethical practices.
While the data reflects strong governance and financial health, no specific programmatic outcomes or beneficiary impact have been mentioned. This could be an area for potential enhancement, as providing information on the effectiveness of its programs would further bolster trust and engagement with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Unity Housing Inc legitimate?
Unity Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unity Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,110
For more financial information, click here
Official website here: www.hrdewv.org
What is the mission statement of Unity Housing Inc?
Unity Housing Inc, as an organization, is committed to providing subsidized rental housing for individuals with low income. This mission is carried out by owning and operating an apartment complex that accommodates these individuals. The primary goal is to make housing affordable for this specific demographic, ensuring that all related expenses are managed within the facility.
Official website here: www.hrdewv.org
What is the revenue of Unity Housing Inc?
Unity Housing Inc's revenue in 2024 was $656,273.
Official website here: www.hrdewv.org
Who are the executives of Unity Housing Inc and what are their salaries?
The average compensation at Unity Housing Inc during 2024 was $6,065. There are 17 employees and 14 volunteers at Unity Housing Inc.
Here are 17 key members and their salaries:
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- Related: $92,855
- Other: $53,483
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- Related: $89,734
- Other: $41,410
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- Related: $82,044
- Other: $30,958
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Official website here: www.hrdewv.org
Where can I find the form 990 for Unity Housing Inc?
Unity Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.hrdewv.org
Learn more at the official website: www.hrdewv.org
Mission Statement of Unity Housing Inc
Unity Housing Inc, as a nonprofit organization, is committed to providing subsidized rental housing for individuals who fall under the low-income bracket. This mission is embodied in their operation of a 60-unit apartment complex, which serves as a residential solution for those in need. The organization's primary focus lies in managing all expenses related to this facility, ensuring that affordable housing remains accessible for the designated population.
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Impact
July, 2024
Unity Housing Inc's impact is felt directly through its provision of subsidized rental housing to low-income individuals in Parkersburg, West Virginia. With a 60-unit apartment complex dedicated to this purpose, Unity Housing Inc plays a crucial role in addressing housing insecurity and creating a stable living environment for those in need. Their efforts contribute to improving the quality of life and promoting economic stability for individuals facing financial hardships in the community.
This information is meant to be a general summary of Unity Housing Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $1,732
- Program Service Revenue: $654,541
- Gross Receipts: $656,273
Assets and Liabilities:
- Total Assets: $6,915,707
- Total Liabilities: $2,463,456
- Net Assets: $4,452,251
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$389,084
TENANTS' RENT PAYMENTS, NET
Revenue
$192,235
SERVICE COORDINATOR REVENUE
Revenue
$39,382
CABLE & UTILITIES
Revenue
$14,000
MANAGER'S APT REVENUE
Revenue
$11,304
Organization Details
Founding Year
1966
Principal Officer
Joshua D Sword
Website
www.hrdewv.orgNTEE Category
Code: L21 - Housing
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