UNITY HOUSING INC

EIN: 550489647 501(c)(3)

MORGANTOWN, WV

Total Revenue
$667,005
Total Expenses
$662,097
Total Assets
$6,691,043
Net Assets
$4,327,777
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
WV
Principal Officer
JOSHUA D SWORD
Phone
3042968223
Tax Period
2024-07-01 to 2025-06-30

UNITY HOUSING INC, founded in 1966, is a small nonprofit that reported $667K in total revenue in fiscal year 2024. Net assets of $4.3M represent 78 months of operating reserves.

Mission

PROVIDE SUBSIDIZED RENTAL HOUSING TO LOW-INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $479,985 Revenue: $665,351

UNITY HOUSING, INC. OWNS AND OPERATES A 60 UNIT APARTMENT COMPLEX FOR LOW- INCOME INDIVIDUALS IN PARKERSBURG, WEST VIRGINIA. ALL EXPENSES ARE ATTRIBUTED TO THE FACILITY.

Program 2

IN 2009, THE CORPORATION SOLD ITS 122 UNIT APARTMENT COMPLEX SERVING LOW- INCOME ELDERLY INDIVIDUALS IN MORGANTOWN, WEST VIRGINIA. THE FOLLOWING YEAR, THE CORPORATION SOLD ITS 91 UNIT APARTMENT...

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IN 2009, THE CORPORATION SOLD ITS 122 UNIT APARTMENT COMPLEX SERVING LOW- INCOME ELDERLY INDIVIDUALS IN MORGANTOWN, WEST VIRGINIA. THE FOLLOWING YEAR, THE CORPORATION SOLD ITS 91 UNIT APARTMENT COMPLEX IN FAIRMONT, WEST VIRGINIA. THE CORPORATION HOLDS A RESIDUAL RECEIPTS NOTE FROM THE MORGANTOWN PROJECT SALE AND CASH FROM THE FAIRMONT PROJECT SALE. THE CASH AND ANY PROCEEDS FROM THE NOTE 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.

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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 $665,351
Investment Income $1,569
Other Revenue $85
TOTAL REVENUE $667,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $172,764
Fundraising Expenses $0
Program Expenses $479,985
Other Expenses $489,333
TOTAL EXPENSES $662,097

Year-over-Year Comparison

2024 2023 Change
Revenue $667,005 $656,273 +0.0%
Expenses $662,097 $681,972 0.0%
Net Income $4,908 $-25,699 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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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 $667,005 $662,097 $6,691,043 $4,908
2024 $656,273 $681,972 $6,720,467 $-25,699
2023 $565,992 $696,571 $6,769,102 $-130,579
2022 $560,759 $665,516 $6,915,707 $-104,757
2021 $554,323 $675,393 $7,015,001 $-121,070
2020 $707,827 $1,143,435 $7,292,488 $-435,608
2019 $710,711 $528,080 $6,239,168 $182,631
2018 $567,930 $540,135 $6,187,335 $27,795
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