Trinity Housing Resources Inc
- Assets
- $4.9m
- Revenue
- $485.7k
- Investments
- $0.0
- Employees
- 0
- Location
- West Allis, WI
- Founding
- 10/2007
- Data as of
- 12/2023
- EIN
- 26-0259181
Organization Overview
Trinity Housing Resources Inc is located in West Allis, 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 12/2023, Trinity Housing Resources Inc generated $485.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $302.2k during the year ending 12/2023. While expenses have increased by 7.6% per year over the past 9 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
2023
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 |
|---|---|---|---|
Eugene Manzanet President/treasurer | OfficerTrustee | 1.5 | $8,000 |
Lee Jaramillo Vice President | OfficerTrustee | 1.5 | $8,000 |
Mark Klann Secretary | OfficerTrustee | 1.5 | $8,000 |
Melissa Kaprelian Board Member | Trustee | 1.5 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $188,427 |
| 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 | $188,427 |
| Total Program Service Revenue | $131,352 |
| Investment income | $153,448 |
| 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 | $485,735 |
| 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. | $26,000 |
| Compensation of current officers, directors, key employees. | $26,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,046 |
| Fees for services: Accounting | $20,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,713 |
| Information technology | $1,996 |
| Royalties | $0 |
| Occupancy | $133,319 |
| Travel | $31 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,547 |
| Insurance | $20,430 |
| All other expenses | $0 |
| Total functional expenses | $302,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $254,096 |
| Savings and temporary cash investments | $104,300 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,799 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $671,733 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,019 |
| Net Land, buildings, and equipment | $815,910 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,994,607 |
| Intangible assets | $0 |
| Other assets | $15,433 |
| Total assets | $4,887,897 |
| Accounts payable and accrued expenses | $26,000 |
| Grants payable | $0 |
| Deferred revenue | $7,047 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,983 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,705,689 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,751,719 |
| Net assets without donor restrictions | $2,136,178 |
| 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 | $4,887,897 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hope Fair Housing Center Wheaton, IL | $1,578,655 | $602,060 |
Rogers Park Community Development Corporation Chicago, IL | $864,738 | $504,262 |
Acts Lending Inc Milwaukee, WI | $7,584,619 | $584,182 |
Trinity Housing Resources Inc West Allis, WI | $4,887,897 | $485,735 |
Newport Reno Supportive Housing Inc St Paul, MN | $3,300,826 | $159,475 |
Community Resolution Center Flint, MI | $266,009 | $218,755 |
Sikkoo Mandoo Community-Minnesota Minneapolis, MN | $278,872 | $87,659 |
Affordable Housing Initiatives Waite Park, MN | $1,240,758 | $44,279 |
Majd Foundation Dearborn, MI | $172 | $290 |