Unity Properties Inc

EIN: 521857768 501(c)(3) Housing & Shelter

Baltimore, MD

Total Revenue
$2,383,944
Total Expenses
$3,574,125
Total Assets
$42,780,925
Net Assets
$38,745,913
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MD
Phone
4108015201
Tax Period
2024-01-01 to 2024-12-31

Unity Properties Inc, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO FOSTER AND PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS.

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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 $1,373,185
Program Service Revenue $258,422
Investment Income $752,337
Other Revenue $0
TOTAL REVENUE $2,383,944

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,049,213
Fundraising Expenses $0
Program Expenses $3,284,812
Other Expenses $2,524,912
TOTAL EXPENSES $3,574,125

Year-over-Year Comparison

2024 2023 Change
Revenue $2,383,944 $1,766,300 +0.3%
Expenses $3,574,125 $3,306,395 +0.1%
Net Income $-1,190,181 $-1,540,095 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
12
Volunteers
7

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
5
$1,204,312
Total Directors
8
$974,495
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Antony Gross Secretary 0.5
Officer Director
$0 $0 $0
Dale McArdle Chairman 0.5
Officer Director
$0 $0 $0
JEAN HAYNES Chief Population Health Officer 0.5
Officer Director
$0 $39,073 $974,495
Sr Patricia Dowling CBS President 0.5
Officer Director
$0 $0 $0
David Gordon Board Member 0.5
Director
$0 $0 $0
Joyce Moskovitz Board Member 0.5
Director
$0 $0 $0
Marcia Tuck Board Member (Beg 01/24) 0.5
Director
$0 $0 $0
Michael Seipp Board Member 0.5
Director
$0 $0 $0
George Kleb Treasurer 0.5
Officer
$0 $38,725 $229,817
Alicia Corson Director, Housing & Community Development 40.0
Highest
$132,961 $12,568 $145,529
Lynn Johnson Program Mgr Community Design & Engagement 40.0
Highest
$100,735 $15,264 $115,999
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
2024 $2,383,944 $3,574,125 $42,780,925 $-1,190,181
2023 $1,766,300 $3,306,395 $44,546,322 $-1,540,095
2022 $6,249,291 $1,518,123 $34,398,766 $4,731,168
2021 $365,470 $1,106,066 $7,415,862 $-740,596
2020 $1,049,855 $955,309 $8,161,135 $94,546
2019 $887,558 $1,197,706 $6,984,424 $-310,148
2018 $814,015 $1,049,039 $4,649,412 $-235,024
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