GIHON UNITY APARTMENTS INC

EIN: 311072016 501(c)(3)

MORGANTOWN, WV

Total Revenue
$4
Total Expenses
N/A
Total Assets
$1,295,126
Net Assets
$1,284,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
WV
Principal Officer
JOSHUA D SWORD
Phone
3042968223
Tax Period
2024-07-01 to 2025-06-30

GIHON UNITY APARTMENTS INC, founded in 1983, is a micro nonprofit that reported $4 in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE FINANCIAL ASSISTANCE TO COMMONLY CONTROLLED SUBSIDIZED HOUSING ENTITIES FOR LOW-INCOME ELDERLY AND DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

THE CORPORATION'S BUSINESS OPERATION, A 50 UNIT HOUSING COMPLEX, WAS SOLD IN JANUARY 2009. THE CORPORATION NOW HOLDS A RESIDUAL RECEIPTS NOTE, ANY PROCEEDS FROM WHICH ARE SUBJECT TO RESTRICTIONS ON...

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THE CORPORATION'S BUSINESS OPERATION, A 50 UNIT HOUSING COMPLEX, WAS SOLD IN JANUARY 2009. THE CORPORATION NOW HOLDS A RESIDUAL RECEIPTS NOTE, ANY PROCEEDS FROM WHICH 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 (HUD). THE ORGANIZATION SUPPORTS THIRTEEN (13) OTHER COMMONLY CONTROLLED ENTITIES OPERATING HUD-APPROVED HOUSING COMPLEXES.

Program 2

THE CORPORATION SERVES WITHOUT COMPENSATION AS GENERAL PARTNER TO UNITY HOUSING APARTMENTS, L.P., OWNER AND OPERATOR OF FOUR LOW-INCOME APARTMENT COMPLEXES WITH A TOTAL OF 296 UNITS, INCLUDING THE...

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THE CORPORATION SERVES WITHOUT COMPENSATION AS GENERAL PARTNER TO UNITY HOUSING APARTMENTS, L.P., OWNER AND OPERATOR OF FOUR LOW-INCOME APARTMENT COMPLEXES WITH A TOTAL OF 296 UNITS, INCLUDING THE CORPORATION'S PRIOR PROJECT. THE PROJECTS ARE LOCATED IN PARKERSBURG, MORGANTOWN, FAIRMONT, AND WELLSBURG, WEST VIRGINIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $4
Other Revenue $0
TOTAL REVENUE $4

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $4 $515 -1.0%
Expenses N/A $500 -1.0%
Net Income N/A $15 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
14
Employees
N/A
Volunteers
14

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$378,003
Total Directors
19
$378,003
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA D SWORD PRESIDENT 1.00
Officer Director
$0 $58,522 $151,377
ANDY WALTERS SECRETARY TR 1.00
Officer Director
$0 $42,059 $131,793
CLAUDETTE KARR VICE PRESIDE 39.00
Officer Director
$0 $19,144 $94,833
PETER BOSTIC EXECUTIVE BO 0.05
Director
$0 $0 $0
MIKE CAPUTO EXECUTIVE BO 0.05
Director
$0 $0 $0
JOE CARTER EXECUTIVE BO 0.05
Director
$0 $0 $0
STEVE DAY EXECUTIVE BO 0.05
Director
$0 $0 $0
DAN DOYLE EXECUTIVE BO 0.05
Director
$0 $0 $0
JOHN EPPERLY EXECUTIVE BO 0.03
Director
$0 $0 $0
JOYCE GIBSON EXECUTIVE BO 0.05
Director
$0 $0 $0
ELAINE HARRIS EXECUTIVE BO 0.05
Director
$0 $0 $0
JESSIE KING EXECUTIVE BO 0.03
Director
$0 $0 $0
DALE LEE EXECUTIVE BO 0.05
Director
$0 $0 $0
CHUCK PARKER EXECUTIVE BO 0.05
Director
$0 $0 $0
DANIEL J POLING EXECUTIVE BO 0.05
Director
$0 $0 $0
KAREN SHIPLEY EXECUTIVE BO 0.05
Director
$0 $0 $0
KRISTIE SKIDMORE EXECUTIVE BO 0.05
Director
$0 $0 $0
GARY SOUTHALL EXECUTIVE BO 0.03
Director
$0 $0 $0
BRIAN WEDGE EXECUTIVE BO 0.05
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $4 No data $1,295,126 No data
2024 $515 $500 $1,295,122 $15
2023 $515 $2,985 $1,295,107 $-2,470
2022 $537 $500 $1,295,092 $37
2021 $649 $500 $1,295,055 $149
2020 $28,152 $525 $1,294,906 $27,627
2019 $27,515 $941 $1,267,254 $26,574
2018 $636 $1,871 $1,239,739 $-1,235
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