Trinity Housing Corporation Of Greeley
- Assets
- $2.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Greeley, CO
- Founding
- 04/2002
- Data as of
- 10/2023
- EIN
- 30-0056876
Organization Overview
Trinity Housing Corporation Of Greeley, operating under the name Island Grove Village, is located in Greeley, CO. The organization was established in 2002. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Island Grove Village employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Island Grove Village 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 10/2023, Island Grove Village generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.5m during the year ending 10/2023. While expenses have increased by 1.8% per year over the past 8 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
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLAND GROVE VILLAGE APARTMENTS (IGV) WAS CREATED IN 1972 BY TRINITY HOUSING CORPORATION OF GREELEY, A SEPARATE NONPROFIT ENTITY, AS A LONG-TERM OUTREACH PROGRAM OF ITS GREATER MISSION TO SUPPORT POOR AND OPPRESSED PEOPLE, PARTICULARLY THOSE UNDERSERVED MINORITIES IN OUR OWN COMMUNITIES. LOCATED IN GREELEY, COLORADO'S IMPOVERISHED NORTHEAST SIDE, IGV OFFERS AFFORDABLE HOUSING TO NEARLY 350 RESIDENTS IN 108 ONE-TO-FOUR-BEDROOM APARTMENTS. A WARM AND WELCOMING COMPLEX, IGV IS A U.S HOUSING AND URBAN DEVELOPMENT SECTION 8 MULTIFAMILY COMPLEXWHERE QUALIFYING RESIDENTS PAY NO MORE THAN ONE-THIRD OF THEIR MONTHLY INCOME TOWARD RENT WHERE CHILDREN AND ADULTS GROW AND PROSPER IN A SUPPORTIVE ENVIRONMENT WHERE THE IMPORTANCE OF FAMILY, EDUCATION, AND HEALTH IS ENCOURAGED THROUGH NUMEROUS ONSITE PROGRAMS AND ACTIVITIES WHERE THOUSANDS OF FAMILIES HAVE BEEN GIVEN HELP, A DECENT AND RESPECTABLE PLACE TO LIVE, AND THE RESPECT THEY DESERVE. OUR MANY ONSITE PROGRAMS ARE DESIGNED TO INTERWEAVE TO CREATE A LARGER FABRIC OF SUPPORT, ENCOURAGEMENT, AND EMPOWERMENT, STRIVING TO TOUCH EACH AND EVERY LIFE THAT PASSES THROUGH IGV'S FRONT OFFICE. RECIPIENT OF MANY LOCAL, NATIONAL, AND GOVERNMENT AWARDS, IGV WAS ENROLLED IN AN INNOVATIVE HUD REFINANCING PROGRAM WHICH HAS ENABLED US TO INITIATE A 20 YEAR RENOVATION AND RECONSTRUCTION EFFORT SITE WIDE TO IMPROVE THE LIVES OF OUR RESIDENTS, AS WELL AS TO ENABLE COST-SAVING MEASURES TO ENSURE THE LONGEVITY, VITALITY, AND SUSTAINABILITY OF OUR CONTINUING EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Larson President | OfficerTrustee | 0.1 | $0 |
Richard Maxfield Secretary | OfficerTrustee | 0.1 | $0 |
Clifford Clift Vice President | OfficerTrustee | 0.1 | $0 |
Andrew Romero Treasurer | OfficerTrustee | 0.1 | $0 |
Steve Teksten Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $971,504 |
| 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 | $971,504 |
| Total Program Service Revenue | $495,816 |
| Investment income | $2,717 |
| 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 | $1,470,037 |
| 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 | $251,427 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,598 |
| Payroll taxes | $17,098 |
| Fees for services: Management | $83,356 |
| Fees for services: Legal | $1,886 |
| Fees for services: Accounting | $57,039 |
| 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 | $40,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $655,773 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244,054 |
| Insurance | $35,620 |
| All other expenses | $59,965 |
| Total functional expenses | $1,473,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $146,878 |
| Savings and temporary cash investments | $54,181 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,872 |
| 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 | $31,820 |
| Net Land, buildings, and equipment | $2,002,930 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,327 |
| Other assets | $388,432 |
| Total assets | $2,665,440 |
| Accounts payable and accrued expenses | $95,210 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,913,428 |
| Total liabilities | $2,008,638 |
| Net assets without donor restrictions | $656,802 |
| 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 | $2,665,440 |