Trellis Co
- Assets
- $174.3m
- Revenue
- $41.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Minneapolis, MN
- Founding
- 09/1991
- Data as of
- 12/2021
- EIN
- 41-1699606
Organization Overview
Trellis Co is located in Minneapolis, MN. The organization was established in 1991. 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. As of 12/2021, Trellis Co employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trellis Co 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, Trellis Co generated $41.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $24.6m during the year ending 12/2021. While expenses have increased by 2.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME PERSONS.
Describe the Organization's Program Activity:
TRELLIS CO. PROVIDES QUALITY AFFORDABLE HOUSING TO PERSONS OF LOWAND MODERATE INCOME. HUD SECTION 8 SUBSIDIZES THE RENT PROVIDED CERTAIN INCOME GUIDELINES ARE MET.THE CORPORATION OWNS 33 PROPERTIES AT DECEMBER 31, 2021:BOSSEN TERRACE MINNEAPOLIS, MN 66 UNITS (DIAMOND HILL)BOXLEITNER MINNEAPOLIS, MN 85 UNITS (HIGHER GROUND)EVERGREEN HUTCHINSON, MN 62 UNITSHAMLINE SAINT PAUL, MN 58 UNITSJEFFERSON TOWNHOMES MINNEAPOLIS, MN 5 UNITSLASALLE APARTMENTS MINNEAPOLIS, MN 63 UNITSNEW BEGINNINGS MINNEAPOLIS, MN 4 UNITSRAMSEY HILL SAINT PAUL, MN 54 UNITSRASBERRY RIDGE HOPKINS, MN 101 UNITSREDEEMERS ARMS SAINT PAUL, MN 151 UNITSSLATER SQUARE MINNEAPOLIS, MN 163 UNITSUNITY PLACE BOOKLYN CENTER, MN 112 UNITSVETERANS ADMINISTRATION MINNEAPOLIS, MN 140 UNITSWILLOWS APARTMENTS LITTLE FALLS, MN 56 UNITSWOODLAND COURT APTS PARK RAPIDS, MN 80 UNITSZINSMASTER MINNEAPOLIS, MN 36 UNITSE FLATS LP MINNEAPOLIS, MN 20 UNITSFRANKLIN LANE APARTMENTS ANOKA, MN 66 UNITSCHDC I LP MINNEAPOLIS, MN 92 UNITSPARK PLAZA LP MINNEAPOLIS, MN 134 UNITSLONGFELLOW LP MINNEAPOLIS, MN 24 UNITSCHDC BUFFALO LP BUFFALO, MN 48 UNITSCHDC MAHTOMEDI LP MAHTOMEDI, MN 48 UNITSCHDC TALMAGE GREEN LP MINNEAPOLIS, MN 26 UNITSCHDC VADNAIS LP VADNAIS HEIGHTS, MN 35 UNITSCHDC MORRISON LP MINNEAPOLIS, MN 57 UNITSCHDC OAKLAND LP MINNEAPOLIS, MN 31 UNITSEAST TOWN PARKING LLC MINNEAPOLIS, MN GOLF VIEW LLC COKATO, MN 48 UNITSBRANDES PLACE LP FRIDLEY, MN 16 UNITSVISITATION PLACE LP SAINT PAUL, MN 16 UNITSCHDC DAKOTA STUDIO LP APPLE VALLEY, MN 36 UNITSANDROY LP HIBBING, MN 48 UNITSADDITIONALLY, THE CORPORATION IS A GENERAL PARTNER IN 19 LIMITED PARTNERSHIPS, HAS CONTROL OF A NONPROFIT ORGANIZATION FORMED TO OWN AFFORDABLE HOUSING, AND IS ALSO THE SOLE OWNER OF A FOR-PROFIT REAL ESTATE MANAGEMENT CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Walsh Vice President Of Housing | 40 | $386,654 | |
Elizabeth Flannery Chair | OfficerTrustee | 40 | $314,479 |
Chris Maida Director Of Asset Management | 40 | $225,400 | |
Justin Eiliers Senior VP Of Housing Development | 40 | $181,569 | |
Eden Spencer Secretary/treasurer | OfficerTrustee | 1 | $0 |
Karen Reid President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Schmid Consulting Accounting | 12/30/21 | $239,042 |
Design By Melo Llc Designer/architect | 12/30/21 | $132,511 |
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 | $1,799,385 |
| Noncash contributions included in lines 1a–1f | $1,489,664 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,799,385 |
| Total Program Service Revenue | $25,076,394 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $2,111,419 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,951,746 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,938,944 |
| 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. | $1,417,225 |
| Compensation of current officers, directors, key employees. | $137,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $126,579 |
| Pension plan accruals and contributions | $29,514 |
| Other employee benefits | $24,912 |
| Payroll taxes | $69,221 |
| Fees for services: Management | $1,204,063 |
| Fees for services: Legal | $10,467 |
| Fees for services: Accounting | $301,578 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,447 |
| Advertising and promotion | $0 |
| Office expenses | $150,355 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,532,352 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,709,668 |
| Insurance | $845,117 |
| All other expenses | $2,922,829 |
| Total functional expenses | $24,595,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,350,824 |
| Savings and temporary cash investments | $15,022,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,770,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $46,005,753 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $416,627 |
| Net Land, buildings, and equipment | $75,293,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $19,165,036 |
| Intangible assets | $0 |
| Other assets | $5,316,854 |
| Total assets | $174,341,513 |
| Accounts payable and accrued expenses | $13,158,976 |
| Grants payable | $0 |
| Deferred revenue | $27,145,597 |
| 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 | $85,706,330 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $668,847 |
| Total liabilities | $126,679,750 |
| Net assets without donor restrictions | $47,351,763 |
| Net assets with donor restrictions | $310,000 |
| 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 | $174,341,513 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Trellis Co has recieved totaling $56.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $56 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family Housing Fund Minneapolis, MN | $55,836,528 | $42,355,449 |
Aeon Minneapolis, MN | $205,354,447 | $34,369,814 |
Governmental And Educational Assistance Corporation Brooklyn Park, MN | $65,629,127 | $32,792,478 |
Habitat For Humanity International Inc St Paul, MN | $95,417,664 | $44,081,313 |
One Vision Clear Lake, IA | $49,722,327 | $26,134,344 |
Trellis Co Minneapolis, MN | $174,341,513 | $41,938,944 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Friendship Haven Inc Fort Dodge, IA | $50,931,455 | $22,390,428 |
Community Housing Corporation Of America Inc St Paul, MN | $54,692,887 | $61,922,441 |
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |