Thomas Patrick Maroney Unity Apartments Inc
Nonprofit profile at a glance
- EIN
- 454965095
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024, Form 990-EZ 2012
- Location
- Morgantown, WV, USA
- Phone
- 3042968223
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $339,439
- Expenses
- $235,883
- Assets
- $2,071,530
- Liabilities
- $45,836
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- JOSHUA D SWORD (PRESIDENT)
Highest reported compensation
- JOSHUA D SWORD (PRESIDENT): $151,377 total reported compensation
- ANDY WALTERS (SECRETARY TR): $131,793 total reported compensation
- CLAUDETTE KARR (VICE PRESIDE): $94,833 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide subsidized rental housing to low-income disabled individuals.
What it reported doing in 2024
Thomas patrick maroney unity apartments, inc. Owns and operates a 13 unit apartment complex for low-income individuals with disabilities in charleston, West Virginia. All expenses are attributed to the facility.
Operating model
- Revenue model
- Other-operating. 63% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 65
- Accountability: 72
- Sustainability: 70
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.2%; rating input score 47
- Program expense ratio: 67.9%; rating input score 68
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 83.3%; rating input score 83; 22nd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 30.5%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 8.78; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 50.8%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 69th percentile among comparable filings
- Revenue growth: -12.7% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 3.6% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 47.2% of revenue deployed · 67.9% of spending went to programs
- Governance: 15 of 18 board members independent · 5 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $160K in reported program spending
- Leadership: top reported pay $151K · 20 people listed · 0 of 6 pay-setting controls reported
- Consistency: 27 of 27 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 21 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 39/100.