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Nonprofiteer
← UNITY-PARKSIDE PROPERTY INC

Form 990 for tax year 2024

Filed by UNITY-PARKSIDE PROPERTY INC.

Totals

Total revenue
$1,058,271
Total expenses
$524,271
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,058,271
Investment income
$0
Other revenue
$0
Total assets, end of year
$26,256,678
Total liabilities, end of year
$16,877,893
Net assets or fund balances, end of year
$9,378,785
Program services expenses (Part IX)
$524,271
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$524,271

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,058,271 · related or exempt $1,058,271

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $524,271 · program services $524,271

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $22,819,322

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,865,274

  • 10c · Land, buildings and equipment, net

    beginning of year $17,478,319 · end of year $16,954,048

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $2,844,359 · end of year $2,552,630

  • 15 · Other assets

    beginning of year $5,400,000 · end of year $6,750,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,877,893 · end of year $16,877,893

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $8,844,785 · end of year $9,378,785

Mission and programs · 2024

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.

Activities or mission (Part I)

THE ORGANIZATION IS A NON-PROFIT CORPORATION ESTABLISHED TO PARTICIPATE IN THE IRS'S NEW MARKET TAX CREDIT PROGRAM AS A QUALIFIED ACTIVE-LOW INCOME COMMUNITY BUSINESS.

  • 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.

    Expenses $524,271 · Revenue $1,058,271

As filed on the 2024 return.

Listed in Part VII

  • Jessica H Boyd

    CEO & President

    Total calculated
    $518,189
    From this org
    $0
    From related orgs
    $495,198
    Other
    $22,991
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $448,736 related
    Bonus
    $0 + $46,462 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,991 related
    Filer's total
    $0 + $518,189 related

  • Tamara A Barnes

    DIRECTOR

    Total calculated
    $283,530
    From this org
    $0
    From related orgs
    $265,422
    Other
    $18,108
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $265,422 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,108 related
    Filer's total
    $0 + $283,530 related

  • Tracy D Harrison

    DIRECTOR

    Total calculated
    $266,839
    From this org
    $0
    From related orgs
    $254,345
    Other
    $12,494
    Hours/week
    1 + 36.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,345 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,494 related
    Filer's total
    $0 + $266,839 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE ORGANIZATION'S CEO IS THE CEO OF UNITY HEALTH CARE, INC., A RELATED TAX-EXEMPT ORGANIZATION, AND IS SOLELY COMPENSATED BY UNITY HEALTH CARE, INC. TO DETERMINE THE CEO'S COMPENSATION, UNITY HEALTH CARE, INC. CONTRACTS WITH AN INDEPENDENT CONSULTANT WHO PERFORMS A MARKET SURVEY/STUDY OF SIMILAR ORGANIZATIONS IN SIZE, REGION, AND SECTOR AS UNITY HEALTH CARE, INC. UPON COMPLETION OF THE SURVEY/STUDY, THE ANALYSIS AND RECOMMENDATION IS PRESENTED TO THE BOARD OF DIRECTORS OF UNITY HEALTH CARE, INC. THE BOARD OF DIRECTORS THEN DELIBERATES AND AGREES ON THE CEO'S COMPENSATION AND AN EMPLOYMENT CONTRACT IS DRAWN. AS A FEDERALLY QUALIFIED HEALTH CENTER, ALL BOARD MEMBERS OF UNITY HEALTH CARE, INC. ARE INDEPENDENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HEALTH RIGHT INC

    C Corporation · INSURANCE · DC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
19 November 2025
IRS schema version
2024v5.1
Source object
202513239349300221

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