Trinity Housing Resources Inc
- Assets
- $4.6m
- Revenue
- $455.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 26-0259181
Organization Overview
Trinity Housing Resources Inc is located in Madison, WI. The organization was established in 2007. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Housing Resources Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Trinity Housing Resources Inc generated $455.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $269.8k during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR LOW-INCOME PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRINITY HOUSING RESOURCES, INC. PROVIDES 24 UNITS OF HOUSING FOR LOW-INCOME PERSONS LOCATED IN MOUNT PLEASANT, IOWA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Strelitz President/treasurer | OfficerTrustee | 1 | $0 |
Bridget Coffey Secretary | OfficerTrustee | 1 | $0 |
Jean Radtke Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,831 |
| Total Program Service Revenue | $120,665 |
| Investment income | $166,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $455,391 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $43,377 |
| Fees for services: Legal | $423 |
| Fees for services: Accounting | $8,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,570 |
| Advertising and promotion | $120 |
| Office expenses | $4,912 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,807 |
| Travel | $97 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $990 |
| Interest | $65 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,890 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $269,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,769 |
| Savings and temporary cash investments | $116,454 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,022 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,001 |
| Net Land, buildings, and equipment | $880,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,235,651 |
| Intangible assets | $0 |
| Other assets | $13,952 |
| Total assets | $4,566,644 |
| Accounts payable and accrued expenses | $24,406 |
| Grants payable | $0 |
| Deferred revenue | $567 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,748,564 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,763 |
| Total liabilities | $2,787,300 |
| Net assets without donor restrictions | $1,779,344 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,566,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Fair Housing Center Wheaton, IL | $1,642,512 | $793,358 |
Rogers Park Community Development Corporation Chicago, IL | $936,489 | $434,319 |
Trinity Housing Resources Inc Madison, WI | $4,566,644 | $455,391 |
Acts Lending Inc Milwaukee, WI | $4,550,532 | $702,006 |
Newport Reno Supportive Housing Inc St Paul, MN | $3,404,939 | $161,511 |
Community Resolution Center Flint, MI | $201,389 | $191,659 |
Affordable Housing Initiatives Waite Park, MN | $1,216,506 | $29,640 |