Trumbull Housing Development Corporation
- Assets
- $12.8m
- Revenue
- $448.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, OH
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 34-1477202
Organization Overview
Trumbull Housing Development Corporation is located in Warren, OH. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Trumbull Housing Development Corporation 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 06/2022, Trumbull Housing Development Corporation generated $448.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $466.1k during the year ending 06/2022. While expenses have increased by 1.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, AND PARTICULARLY THE ELDERLY OR INFIRM, AND TO CONSTRUCT A HOUSING PROJECT OR PROJECTS USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, AND PARTICULARLY THE ELDERLY OR INFIRM, AND TO CONSTRUCT A HOUSING PROJECTS USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Melfi President | Trustee | 0.5 | $0 |
Rev Darryl L Rodgers Sr Vice-President | Trustee | 0.5 | $0 |
Anthony C Perrone Secretary-Treasurer | Trustee | 0.5 | $0 |
Jerome F Lambert Trustee | Trustee | 0.5 | $0 |
Gilbert L Rieger Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $96,481 |
| 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 | $448,931 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $46,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,231 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,633 |
| Fees for services: Legal | $988 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $990 |
| Office expenses | $711 |
| Information technology | $3,360 |
| Royalties | $0 |
| Occupancy | $41,843 |
| Travel | $728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,682 |
| Insurance | $26,642 |
| All other expenses | $0 |
| Total functional expenses | $466,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,110,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,476,116 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,535 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,058 |
| Total assets | $12,809,482 |
| Accounts payable and accrued expenses | $350,546 |
| Grants payable | $0 |
| Deferred revenue | $7,110 |
| 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 | $705,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,739 |
| Total liabilities | $1,196,977 |
| Net assets without donor restrictions | $11,326,207 |
| 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 |
| Total liabilities and net assets/fund balances | $11,612,505 |
Grants Awarded
Over the last fiscal year, Trumbull Housing Development Corporation has awarded $25,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
GIRARD MANOR ASSOCIATES LTD | | | $6,400 |
TRUMBULL METROPOLITAN HOUSING AUTHORITY | | | $18,965 |