Overview
What is Marion Unity Apartments Inc?
Marion Unity Apartments Inc is a nonprofit organization situated in Morgantown, West Virginia, specifically at 1369 Stewartstown Road, 26505. Their primary mission is to offer subsidized rental housing to low-income elderly individuals. They manage and operate a 98-unit apartment complex, ensuring all expenses are exclusively associated with the facility. By providing affordable housing, they contribute to the well-being and comfort of this specific demographic in their community.
Official website here: www.hrdewv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Marion Unity Apartments Inc has achieved a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. The organization scored 100% in the Accountability & Finance category, which reflects a strong commitment to transparency and responsible financial practices. The presence of a majority independent board, with 82% of its members independent, further strengthens the governance of the organization.
The financial oversight mechanisms in place are robust, with an Audit and Oversight Committee receiving full points. The organization also demonstrates a commitment to ethical practices, as evidenced by the presence of a conflict of interest policy, a whistleblower policy, and thorough documentation of board meeting minutes. Additionally, the program expense ratio of 78.31% suggests that a significant portion of expenditures is directed towards its mission-driven activities.
While the organization has shown strengths in various governance and financial metrics, the rating indicates that there may be room for improvement in other areas not detailed in the financial score. Overall, Marion Unity Apartments Inc appears to be a well-managed nonprofit, focused on accountability and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Marion Unity Apartments Inc legitimate?
Marion Unity Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion Unity Apartments 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: $210,146
For more financial information, click here
Official website here: www.hrdewv.org
What is the mission statement of Marion Unity Apartments Inc?
Marion Unity Apartments Inc's primary mission is centered around providing subsidized rental housing for low-income elderly individuals. This mission is carried out through the operation of a 98-unit apartment complex, where all expenses are allocated to the facility. The organization's primary goal is to offer a living space for this specific demographic, ensuring they have access to affordable housing. The organization's activities are solely focused on maintaining and operating this residential complex for the benefit of its elderly residents.
Official website here: www.hrdewv.org
Who is the CEO of Marion Unity Apartments Inc?
Joshua D Sword is the President of Marion Unity Apartments Inc.
Official website here: www.hrdewv.org
What is the revenue of Marion Unity Apartments Inc?
Marion Unity Apartments Inc's revenue in 2022 was $962,163.
Official website here: www.hrdewv.org
Who are the executives of Marion Unity Apartments Inc and what are their salaries?
There 17 volunteers at Marion Unity Apartments Inc.
Here are 20 key members and their salaries:
- Compensation: $0
- Related: $91,060
- Other: $50,748
- Compensation: $0
- Related: $88,000
- Other: $35,323
- Compensation: $0
- Related: $73,385
- Other: $39,088
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hrdewv.org
Where can I find the form 990 for Marion Unity Apartments Inc?
Marion Unity Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hrdewv.org
Learn more at the official website: www.hrdewv.org
Mission Statement of Marion Unity Apartments Inc
Marion Unity Apartments Inc, as a nonprofit organization, is dedicated to providing subsidized rental housing for low-income elderly individuals. This mission is carried out through the operation of a 98-unit apartment complex, where all expenses are attributed to the facility. The organization's primary goal is to offer a living space for elderly individuals who may not have the financial means to afford housing otherwise. This service not only provides a roof over their heads but also contributes to the overall well-being of the community's elderly population. By offering subsidized rental housing, Marion Unity Apartments Inc plays a vital role in ensuring that elderly individuals can maintain their independence while living in a safe and secure environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Marion Unity Apartments Inc provides subsidized rental housing to low-income elderly individuals in Morgantown, WV. By owning and operating a 98-unit apartment complex dedicated to this demographic, Marion Unity Apartments Inc plays a crucial role in addressing the housing needs of the elderly population with limited financial resources. This impact is significant in helping vulnerable individuals access safe and affordable housing, ensuring they can live with dignity and security in their later years.
This information is meant to be a general summary of Marion Unity Apartments 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 2022.
- Investment Income: $339
- Program Service Revenue: $961,824
- Gross Receipts: $962,163
Assets and Liabilities:
- Total Assets: $3,113,700
- Total Liabilities: $4,374,352
- Net Assets: -$1,260,652
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENTS
Revenue
$610,822
TENANT RENT PAYMENTS, NET
Revenue
$266,202
SERVICE COORD. REIMBURSEMENTS
Revenue
$30,785
CABLE & UTILITIES
Revenue
$29,829
MANAGER APT. REVENUE
Revenue
$9,900
Organization Details
Founding Year
1987
Phone
(304) 296-8223Principal Officer
Joshua D Sword
Main Address
1369 STEWARTSTOWN ROAD, MORGANTOWN, WV, 26505
Website
www.hrdewv.orgNTEE Category
Code: L200 - Housing
If you are a representative of Marion Unity Apartments Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.