Fayette Hills Unity INC EIN 30-0019874 Form 990 (PDF) Claim this org

Fayette Hills Unity INC

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Offers affordable rental homes to disabled people with low incomes. For fiscal year 2024 it reported $226K in revenue, $304K in expenses, and $1.4M in net assets.Pt I

Founded
2001
Type
Public charity (501(c)(3)) · Human Services
Location
Morgantown, WV
Website
www.hrdewv.org
Filings
5 on file (2020–2024)
Revenue
$226KFY2024
Expenses
$304K
Net assets
$1.4M
People
20
Filings
5
Updates
0
More identity details & actions ⌄
EIN  30-0019874 Public charity (501(c)(3)) Morgantown, WV Founded 2001
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers affordable rental homes to disabled people with low incomes.
Leadership
Joshua D Sword · President
Money in and out
$226K revenue, $304K expenses
Bottom line
65% program efficiency
Where the money goes · FY2024
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$78K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs▲ +0.8% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate▼ -100% vs prior filing year
Surplus margin
-35%
revenue over expenses, this year▼ -42% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$226K
FY2024▲ +2%
Expenses
$304K
FY2024▲ +10%
Total assets
$1.5M
FY2024▼ -3%
Total liabilities
$91K
FY2024▲ +48%
Total revenue
$226K
Pt VIII · Ln 12
Total expenses
$304K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$78K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFayette Hills Unity INC
EINHdr · item D30-0019874
Principal addressHdr · item CMorgantown, WV
WebsiteHdr · item Jwww.hrdewv.org
Year of formationHdr · item L2001
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P73)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary Tr
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
Executive Bo
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $198K of program spending, described in the organization's own filed words · FY2024.
01

Fayette hills unity, inc. Owns and operates a 19 unit apartment complex for low-income disabled individuals. All expenses are attributed to the facility.

$198Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$226K
Investment income$6
Total revenueLn 12$226K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$198K
Management & general35%$106K
Total functional expensesLn 25$304K

Balance Sheet

Part X · end of year
CashLn 1$577
Total assetsLn 16$1.5M
Total liabilitiesLn 26$91K
Total net assetsLn 32$1.4M
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $577 · Operating expenses/yr $304K
0.0 months
Where the money goes
Program services
Program services $198K · Total expenses $304K
65%
Management & General
Management & general $106K · Total expenses $304K
35%
Fundraising
Fundraising $0 · Total expenses $304K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $226K
0%
Government reliance
Government grants — · Total revenue $226K
Earned-income share
Program service revenue $226K · Total revenue $226K
100%
Investment reliance
Investment income $6 · Total revenue $226K
<0.01%
Program self-sufficiency
Program service revenue $226K · Total expenses $304K
74%
Growth & trend
Revenue growth (YoY)
This year $226K · Prior year $222K
+2%
Revenue CAGR
FY2019 $194K · FY2024 $226K
+3%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $226K · Expenses $304K
-35%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.4M · Total assets $1.5M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joshua D Sword · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $304K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $103K · Total expenses $304K
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$222K revenue · ⤓ 990 PDF
FY2023$211K revenue · ⤓ 990 PDF
FY2022$218K revenue · ⤓ 990 PDF
FY2021$197K revenue · ⤓ 990 PDF
FY2020$194K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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