Unity-parkside Property Inc
Nonprofit profile at a glance
- EIN
- 455585662
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Washington, DC, USA
- Phone
- 2027157930
- Rating
- 58
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,058,271
- Expenses
- $524,271
- Assets
- $26,256,678
- Liabilities
- $16,877,893
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- Jessica H Boyd (CEO & President)
Highest reported compensation
- Jessica H Boyd (CEO & President): $518,189 total reported compensation
- Tamara A Barnes (DIRECTOR): $283,530 total reported compensation
- Tracy D Harrison (DIRECTOR): $266,839 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a non-profit corporation established to participate in the internal revenue service's new market tax credit program as a qualified active-low income community business (qalicb) in order to finance construction of a new health care facility for a qualified low income community. The health care facility is leased to, and operated by, the organization's parent, unity health care, which is a section 501(c)(3) organization that provides essential health care services to low-income individuals.
What it reported doing in 2024
During 2012, the organization began construction of a new health care facility in a low income community of Washington d.c. In order to help improve access to essential health care services for residents of the community. Construction on the new health care facility was completed during 2013, at which point the organization began to lease space in the facility to unity health care to enable unity health care to provide health care services to the community.
Operating model
- Revenue model
- Other-operating. 100% 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
MIXED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 64
- Accountability: 37
- Sustainability: 78
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.5%; rating input score 50
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Limited
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 50.5%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 50.08; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.64; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -1.5% per year; rating input score 0; 13th percentile among comparable filings
- Revenue growth: 4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 20th percentile among comparable filings
Details
- Where the money goes: 49.5% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $524K in reported program spending
- Leadership: top reported pay $518K · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Related organizations: 4 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.