Unity Properties, Inc.

Unity Properties, Inc. is a nonprofit organization located in Baltimore, Maryland. It is designated as a 501(c)(3) organization, which makes donations to this organization tax-deductible.

Purpose and Activities

Unity Properties, Inc. is primarily involved in housing development, construction, and management. The organization has made significant investments in affordable housing, particularly in West Baltimore, where it has developed over 800 units of affordable housing across multiple locations. These efforts are aimed at supporting families and seniors by providing them with accessible housing options[3].

Financial Summary

As of the most recent available data, Unity Properties, Inc. derives its revenue from several sources:

• Contributions: These account for approximately 29.7% of total revenue, amounting to $523,954.
• Program Services: This constitutes the largest portion of revenue at 41.9%, totaling $739,967.
• Investment Income: The organization also earns income from investments, which accounts for 12.8% of its revenue, totaling $225,663.
• Sales of Assets: Additionally, Unity Properties earns revenue from the sale of assets, contributing about 15.1% to the total revenue[1].

Governance and Leadership

The organization is led by a board of directors, with key members including Dale McArdle, who serves as Chairman. Other leadership positions include Alicia Corson as Director of Housing and Community Development and George Kleb as Treasurer[1][3]. The organization's leadership structure emphasizes volunteer commitment, as some key officers do not receive compensation for their roles[1].

Reputation and Ratings

Unity Properties, Inc. has received a 4-star rating from Charity Navigator, indicating effective management and transparent financial practices[4].

History

Unity Properties, Inc. has been tax-exempt since March 1995 and has developed a strong presence in the housing sector, focusing on affordable housing solutions[5].