Trinity Terrace Inc
- Assets
- $1.5m
- Revenue
- $405.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Watertown, WI
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 39-1667734
Organization Overview
Trinity Terrace Inc is located in Watertown, WI. The organization was established in 1990. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trinity Terrace 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 12/2022, Trinity Terrace Inc generated $405.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $448.4k during the year ending 12/2022. While expenses have increased by 2.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRINITY TERRACE IS AN INDEPENDENT LIVING, LOW INCOME HOUSING FACILITY WITH 39 UNITS. IT HAS ONE BEDROOM AND STUDIO APARTMENTS FOR INDEPENDENT SENIORS. THE BUILDING ALSO HAS A SECURED LOCKED ENTRY, BEAUTY/BARBER SHOP, COMPUTER CENTER WITH FREE INTERNET ACCESS, AND PARKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING THROUGH HUD FOR INDEPENDENT SENIORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mauthe CEO | OfficerTrustee | 1 | $0 |
Michael Libby Senior VP Of Operations | OfficerTrustee | 1 | $0 |
Mark Pietrowiak VP Of Business Development | Trustee | 1 | $0 |
Sherry Cira Senior VP Of Administration | Trustee | 1 | $0 |
Jennifer Johnson Executive Director- The Marquardt | Trustee | 1 | $0 |
Jeff Hoffmann VP Of Construction | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $389,685 |
| Investment income | $5,894 |
| 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 | $405,284 |
| 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 | $43,140 |
| Pension plan accruals and contributions | $450 |
| Other employee benefits | $3,709 |
| Payroll taxes | $1,516 |
| Fees for services: Management | $25,604 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,447 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,979 |
| Office expenses | $12,903 |
| Information technology | $4,590 |
| Royalties | $0 |
| Occupancy | $103,668 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $153,634 |
| Insurance | $13,721 |
| All other expenses | $5,697 |
| Total functional expenses | $448,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,127 |
| Savings and temporary cash investments | $19,227 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,262 |
| 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 | $11,793 |
| Net Land, buildings, and equipment | $1,077,698 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $328,466 |
| Total assets | $1,472,573 |
| Accounts payable and accrued expenses | $153,670 |
| 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 | $1,877,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,119 |
| Total liabilities | $2,042,377 |
| Net assets without donor restrictions | -$569,804 |
| 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 | $1,472,573 |