Overview
What is Cabell-Huntington Unity Apts Inc?
Cabell-Huntington Unity Apts Inc is a nonprofit organization situated in Morgantown, West Virginia. They specialize in providing subsidized rental housing for low-income individuals with disabilities. Their mission is centered around accommodating these individuals, ensuring that all associated expenses are attributed to the facility. The organization manages a 25-unit apartment complex, dedicated to offering a supportive living environment.
Official website here: www.hrdewv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star Rating).
Cabell-Huntington Unity Apts Inc has demonstrated a strong commitment to accountability and finance, as evidenced by its high score of 93%, which reflects a robust financial management structure. The organization boasts a fully independent board comprised of 15 members, ensuring diverse perspectives and governance. Additionally, it shows no material diversion of assets, further illustrating its financial integrity.
The nonprofit's proactive stance on transparency is supported by its comprehensive policies, including conflict of interest and whistleblower policies, which contribute to its strong financial practices. Notably, the organization maintains a low liabilities to assets ratio of 5.47%, indicating sound fiscal health. Its program expense ratio of 66.72% reflects a significant investment in its mission-related activities, although there is room for improvement in this area.
Overall, Cabell-Huntington Unity Apts Inc demonstrates strong organizational strengths and a commitment to ethical governance. While its financial health is commendable, stakeholders may encourage further investment in program expenses to enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cabell-Huntington Unity Apts Inc legitimate?
Cabell-Huntington Unity Apts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cabell-Huntington Unity Apts 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: $72,501
For more financial information, click here
Official website here: www.hrdewv.org
What is the mission statement of Cabell-Huntington Unity Apts Inc?
Cabell-Huntington Unity Apts Inc is committed to providing subsidized rental housing for low-income individuals with disabilities. Their mission encompasses managing a 25-unit apartment complex specifically tailored for this demographic, ensuring all facility-related expenses are covered. This organization's primary goal is to provide a living space that is both affordable and accessible for individuals who require additional support due to their disabilities.
Official website here: www.hrdewv.org
Who is the CEO of Cabell-Huntington Unity Apts Inc?
Joshua D Sword is the President of Cabell-Huntington Unity Apts Inc.
Official website here: www.hrdewv.org
What is the revenue of Cabell-Huntington Unity Apts Inc?
Cabell-Huntington Unity Apts Inc's revenue in 2022 was $211,383.
Official website here: www.hrdewv.org
Who are the executives of Cabell-Huntington Unity Apts Inc and what are their salaries?
There 18 volunteers at Cabell-Huntington Unity Apts Inc.
Here are 21 key members and their salaries:
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Official website here: www.hrdewv.org
Where can I find the form 990 for Cabell-Huntington Unity Apts Inc?
Cabell-Huntington Unity Apts 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 Cabell-Huntington Unity Apts Inc
Cabell-Huntington Unity Apts Inc, as a nonprofit organization, is committed to providing subsidized rental housing for individuals who are low-income and have disabilities. This mission is fully embodied in their operation of a 25-unit apartment complex, where they offer affordable housing solutions to individuals who fall under these categories. The organization's primary focus is on ensuring that these individuals have access to a secure living environment, and all expenses associated with the facility are attributed to its upkeep and maintenance. By providing subsidized housing, Cabell-Huntington Unity Apts Inc is contributing significantly to the well-being and independence of individuals with disabilities, enabling them to live with dignity and autonomy.
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Impact
October, 2024
Cabell-Huntington Unity Apartments Inc plays a crucial role in enhancing the quality of life for low-income individuals with disabilities by providing subsidized rental housing. The organization owns and operates a 25-unit apartment complex designed specifically for this demographic in Morgantown, WV. By offering affordable housing options, it helps alleviate financial burdens, allowing residents to focus on their well-being and integration into the community.
The apartments serve as a stable living environment, fostering independence and dignity for individuals who might otherwise face housing insecurity. Beyond the provision of shelter, Cabell-Huntington Unity Apts Inc contributes to a more inclusive society by supporting disabled individuals in building social connections and participating actively in their community. Through its mission, the organization addresses critical housing needs, ensuring that vulnerable populations receive the support and stability necessary for a better quality of life.
This information is meant to be a general summary of Cabell-Huntington Unity Apts 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: $50
- Program Service Revenue: $211,333
- Gross Receipts: $211,383
Assets and Liabilities:
- Total Assets: $1,199,325
- Total Liabilities: $38,546
- Net Assets: $1,160,779
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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
$146,031
TENANT'S RENTAL PAYMENTS
Revenue
$42,707
CABLE TV & UILITIES
Revenue
$9,584
MANAGER'S APT REVENUE
Revenue
$8,196
DAMAGES & CLEANING FEES
Revenue
$2,246
Organization Details
Founding Year
1995
Phone
(304) 296-8223Principal Officer
Joshua D Sword
Main Address
1369 STEWARTSTOWN ROAD, MORGANTOWN, WV, 26505
Website
www.hrdewv.orgNTEE Category
Code: L22 - Housing
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