Triangle Building And Housing Corporation
- Assets
- $12.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 2
- Location
- Plainfield, IN
- Founding
- 03/2016
- Data as of
- 06/2024
- EIN
- 47-3331802
Organization Overview
Triangle Building And Housing Corporation is located in Plainfield, IN. The organization was established in 2016. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Triangle Building And Housing Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle Building And Housing Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2024, Triangle Building And Housing Corporation generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $1.7m during the year ending 06/2024. While expenses have increased by 21.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOCAL CHAPTERS WITH PARTIAL FINANCING FOR THE ACQUISITION, IMPROVEMENT, OR FURNISHING OF CHAPTER HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOCAL CHAPTERS WITH PARTIAL FINANCING FOR THE ACQUISITION, IMPROVEMENT, OR FURNISHING OF CHAPTER HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Beaubien President | OfficerTrustee | 2 | $0 |
John Malmquist Vice President | OfficerTrustee | 2 | $0 |
James Marshall Secretary/treasurer | OfficerTrustee | 2 | $0 |
Don Hatfield Assistant Secretary | OfficerTrustee | 2 | $0 |
Shawn Diedtrich Director | Trustee | 1 | $0 |
Michael Fouts Non-Voting Executive Direc | Officer | 40 | $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 | $1,037,012 |
| Investment income | $186,087 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$22,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,182,270 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $247,484 |
| Fees for services: Legal | $1,214 |
| Fees for services: Accounting | $14,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,708 |
| Fees for services: Other | $11,875 |
| Advertising and promotion | $0 |
| Office expenses | $21,617 |
| 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 | $45,750 |
| Interest | $311,613 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $292,510 |
| Insurance | $37,737 |
| All other expenses | $13,949 |
| Total functional expenses | $1,668,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,647 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $5,271,498 |
| Investments—publicly traded securities | $6,299,769 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $380,907 |
| Total assets | $12,089,160 |
| Accounts payable and accrued expenses | $14,604 |
| 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 | $2,226,146 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,966,333 |
| Total liabilities | $6,207,083 |
| Net assets without donor restrictions | $5,882,077 |
| 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 | $12,089,160 |