Unity Housing INC EIN 72-1370853 Form 990 (PDF) Claim this org

Unity Housing INC FY2022 filing

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Builds and preserves affordable homes for low-income individuals and families. For fiscal year 2022 it reported $405K in revenue, $446K in expenses, and $149K in net assets.Pt I

Founded
1992
Type
Public charity (501(c)(3)) · Housing
Location
New Orleans, LA
Filings
5 on file (2020–2022)
Revenue
$405KFY2022
Expenses
$446K
Net assets
$149K
People
3
Filings
5
Updates
0
More identity details & actions ⌄
EIN  72-1370853 Public charity (501(c)(3)) New Orleans, LA Founded 1992
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds and preserves affordable homes for low-income individuals and families.
Leadership
Martha J Kegel · President and Director
Money in and out
$405K revenue, $446K expenses
Bottom line
99% program efficiency
Where the money goes · FY2022
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$446K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$40K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$405K
FY2022▲ +83%
Expenses
$446K
FY2022▲ +86%
Total assets
$163K
FY2022▼ -25%
Total liabilities
$13K
FY2022▼ -53%
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$446K
Pt IX · Ln 25
Net assets
$149K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$40K
Total assetsPt X · Ln 16$163K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $440K of program spending, described in the organization's own filed words · FY2021.
01

Operating and improving the building at 2407 baronne street which provides transitional housing for homeless women and and homeless families.

$440Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CUnity Housing INC
EINHdr · item D72-1370853
Principal addressHdr · item CNew Orleans, LA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1992
State of legal domicileHdr · item MLA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L25)
Ruling yearIRS BMFOct 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and Director
$0Pt VII · Sec A
Secretary/Treasurer and Di
$0Pt VII · Sec A
Vice-President and Directo
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$249K · 61%
Other revenue$156K · 39%
Contributions & grants61%$249K
Other revenue39%$156K
— government grantsLn 1e$249K
Total revenueLn 12$405K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$440K
Management & general1%$6K
Total functional expensesLn 25$446K

Balance Sheet

Part X · end of year
CashLn 1$21K
Total assetsLn 16$163K
Total liabilitiesLn 26$13K
Total net assetsLn 32$149K
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $21K · Operating expenses/yr $446K
0.6 months
Where the money goes
Program services
Program services $440K · Total expenses $446K
99%
Management & General
Management & general $6K · Total expenses $446K
1%
Fundraising
Fundraising $0 · Total expenses $446K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $76K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $249K · Total revenue $405K
61%
Government reliance
Government grants $249K · Total revenue $405K
61%
Earned-income share
Program service revenue $0 · Total revenue $405K
0%
Investment reliance
Investment income $0 · Total revenue $405K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $446K
0%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $222K
+83%
Net-asset trend (YoY)
End of year $149K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $446K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $163K
Net-asset ratio
Net assets $149K · Total assets $163K
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $163K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Martha J Kegel · Reported title PRESIDENT AND DIRECTOR · Highest reported compensation $0 · Total expenses $446K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $446K
7%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost ratio 0%
Revenue growth 83%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$336K

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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$253K revenue · ⤓ 990 PDF
FY2023$358K revenue · ⤓ 990 PDF
FY2022$405K revenue · viewing · ⤓ 990 PDF
FY2021$222K revenue · ⤓ 990 PDF
FY2020$252K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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