Unity Properties Inc
TO FOSTER AND PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$2.4M
Total Expenses
$3.6M
Net Assets
$38.7M
Employees
12
Volunteers
7
Program Expense Ratio
91.9%
This nonprofit profile presents IRS Form 990 tax filing data for Unity Properties Inc (EIN: 52-1857768), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Unity Properties Inc is a 501(c)(3) nonprofit headquartered in Baltimore, MD, founded in 1993. The organization has held tax-exempt status since 1995. In its 2024 filing, the organization reported $2.4M in total revenue, a 35.0% increase from the prior year, and $3.6M in total expenses. The organization employed 12 people and engaged 7 volunteers. JEAN HAYNES, Chief Population Health Officer, is the highest-compensated individual at $974,495. The organization runs 1 program, totaling $3.3M in program expenses. 4 of 6 recommended governance policies are in place.
Unity Properties Inc is classified under NTEE code L20Z. Its foundation type is 16.
Programs(Tax Year 2024)
1 record
Unity Properties Inc operates 1 program, with total program expenses of $3.3M. Unity Properties Inc's largest program accounts for 100% of total program spending.
The housing and neighborhood revitalization program supports initiatives designed to sustain strong, stable and thriving neighborhoods. Under this program Bon Secours has developed and now owns and operates five senior housing buildings, two family housing buildings and four developments of scattered site family rental housing. Unity Properties, Inc. works with neighborhood residents as well as government and community partners to create strong communities where people want to live. We also help create strong communities by converting vacant lots into community recreation and gathering spaces, connecting with seniors in the community through outreach services and by engaging community residents in the creation and design of programs and services.
Financial Overview(Tax Years 2019–2024)
5 records
Over the past 5 years, Unity Properties Inc's revenue has grown from $1.0M to $2.4M, a 127.1% increase. Program expenses represent 92% of total spending.
Revenue increased 35.0% year-over-year, while expenses grew 8.1%. net assets fell to $38.7M, down 4.4% from the prior year. the organization added 2 employees.
Unity Properties Inc derives 58% from contributions and grants, with 11% from program services, with 32% from investment income.
Revenue is diversified across contributions and grants (58%), investment income (32%), program service revenue (11%).
Unity Properties Inc allocates 92% to programs, 8% to management and general.
Revenue grew by 35.0% while expenses grew by only 8.1%, suggesting improving operational efficiency.
Over 5 filings from 2019–2024, Unity Properties Inc grew revenue from $1.0M to $2.4M (+127.1%) while maintaining a program expense ratio of 92%. During this period, the organization grew from 9 to 12 employees.
Unity Properties Inc holds $42.8M in total assets against $4.0M in liabilities (debt-to-asset ratio of 9%). The organization has 130.1 months of operating reserves. Cash and equivalents of $3.2M cover approximately 10.8 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $2.4M | $1.4M | $0 | $258K | $752K |
| 2023 | $1.8M | $524K | $49K | $740K | $492K |
| 2022 | $6.2M | $5.5M | $125K | $450K | $184K |
| 2020 | $365K | $140K | $0 | $215K | $0 |
| 2019 | $1.0M | $482K | $195K | $509K | $0 |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $3.6M | $3.3M | $289K | $0 | $0 |
| 2023 | $3.3M | $3.0M | $247K | $0 | $0 |
| 2022 | $1.5M | $1.4M | $153K | $0 | $0 |
| 2020 | $1.1M | $991K | $115K | $0 | $0 |
| 2019 | $955K | $844K | $111K | $0 | $0 |
Program Expense Ratio
91.9%
Admin Expense Ratio
8.1%
Fundraising Efficiency
—
Operating Reserve
130.1 mo
People & Compensation(Tax Year 2024)
11 records
Unity Properties Inc reported compensation for 11 officers and key employees. Total officer compensation was $1.5M, representing 41.0% of total expenses. 1 individual received total compensation exceeding $500,000.
Unity Properties Inc's highest-compensated individual received $974K in total compensation. Total officer compensation of $1.5M represents 41.0% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JEAN HAYNES | Chief Population Health Officer | OfficerDirector | 0.50 | $0 | $935,422 | $974,495 |
| George Kleb | Treasurer | Officer | 0.50 | $0 | $191,092 | $229,817 |
| Alicia Corson | Director, Housing & Community Development | Highest Comp | 40.00 | $132,961 | $0 | $145,529 |
| Lynn Johnson | Program Mgr Community Design & Engagement | Highest Comp | 40.00 | $100,735 | $0 | $115,999 |
| Antony Gross | Secretary | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Marcia Tuck | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Michael Seipp | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Joyce Moskovitz | Board Member | Director | 0.50 | $0 | $0 | $0 |
| Dale McArdle | Chairman | OfficerDirector | 0.50 | $0 | $0 | $0 |
| Sr Patricia Dowling CBS | President | OfficerDirector | 0.50 | $0 | $0 | $0 |
| David Gordon | Board Member | Director | 0.50 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JEAN HAYNES
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
George Kleb
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Unity Properties Inc has 4 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 8 members, 7 of whom are independent.
Unity Properties Inc's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 1995–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $2.4M | $3.6M | $38.7M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $1.8M | $3.3M | $40.5M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $6.2M | $1.5M | $30.5M |
| 2020 | 990 | 2020-09-01 – 2021-08-31 | $365K | $1.1M | $4.5M |
| 2019 | 990 | 2019-09-01 – 2020-08-31 | $1.0M | $955K | $6.3M |
| 1995–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Unity Properties Inc do?
TO FOSTER AND PROVIDE AFFORDABLE HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS.
How much revenue does Unity Properties Inc have?
Unity Properties Inc reported $2,383,944 in total revenue for tax year 2024, up 35.0% from the prior year.
Who is the highest-paid executive at Unity Properties Inc?
JEAN HAYNES, Chief Population Health Officer, received $974,495 in total compensation as of tax year 2024.
Is Unity Properties Inc a 501(c)(3)?
Yes, Unity Properties Inc is classified as a 501(c)(3) tax-exempt organization.
Where is Unity Properties Inc located?
Unity Properties Inc is headquartered in Baltimore, MD 21223.
How many employees does Unity Properties Inc have?
Unity Properties Inc has 12 employees and 7 volunteers as of tax year 2024.
Is Unity Properties Inc audited?
Yes, Unity Properties Inc's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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