Overview
What is Trout Brook Realty Advisors Inc?
Trout Brook Realty Advisors Inc is a nonprofit organization situated in West Hartford, Connecticut, with a focus on providing affordable housing for the elderly. Operating 137 units under the name AE Plant, their mission is multifaceted. They aim to create, preserve, and revitalize affordable housing opportunities for a diverse range of households throughout Connecticut. Through partnerships or consultative services, they strive to encourage and support affordable housing activities across the state. Additionally, they seek to foster a thriving community by promoting leadership and collaborative initiatives. By managing high-quality housing and offering residential services, they provide residents with the chance to experience personal growth and financial independence.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Trout Brook Realty Advisors Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based solely on a comprehensive evaluation of its accountability and finance practices, which scored 79%. This score reflects the organization’s commitment to transparency and responsible management of funds.
The nonprofit boasts strengths in several key areas, including a fully independent board and high marks for its audit and oversight capabilities. Notably, it has achieved a perfect score for its conflict of interest policy and whistleblower protections, demonstrating a strong ethical framework. Additionally, the organization allocates a significant portion of its expenses toward programs, with a program expense ratio of 90.35%.
While the overall rating is respectable, there is still room for improvement in raising the accountability score higher. Consistently maintaining strong governance practices will be essential for Trout Brook Realty Advisors Inc to enhance its reputation and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Trout Brook Realty Advisors Inc legitimate?
Trout Brook Realty Advisors Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trout Brook Realty Advisors Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $475,509
For more financial information, click here
What is the mission statement of Trout Brook Realty Advisors Inc?
Trout Brook Realty Advisors Inc's mission is centered around creating, preserving, and revitalizing affordable housing opportunities for a diverse range of households. They aim to promote community development throughout Connecticut, often through partnerships or consultative services. The organization strives to foster a vibrant and dynamic community through leadership and collaborative activities. Moreover, Trout Brook Realty Advisors Inc is committed to providing high-quality housing and residential services, enabling their residents to experience personal growth and financial independence.
Who is the CEO of Trout Brook Realty Advisors Inc?
Robert Wienner is the President of Trout Brook Realty Advisors Inc.
What is the revenue of Trout Brook Realty Advisors Inc?
Trout Brook Realty Advisors Inc's revenue in 2022 was $4,521,494.
Who are the executives of Trout Brook Realty Advisors Inc and what are their salaries?
There 4 volunteers at Trout Brook Realty Advisors Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $154,500
- Other: $26,257
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trout Brook Realty Advisors Inc?
Trout Brook Realty Advisors Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trout Brook Realty Advisors Inc
Trout Brook Realty Advisors Inc is committed to a mission that revolves around creating, preserving, and revitalizing affordable housing and community development opportunities. This mission serves a diverse range of households across Connecticut. The organization seeks to achieve this through partnerships and consultative services, promoting an active role in the state's affordable housing sector. Trout Brook Realty Advisors Inc also aspires to foster a vibrant and dynamic community through leadership and collaborative activities. Furthermore, the organization focuses on managing and maintaining high-quality housing, offering residential services that empower residents to pursue personal growth and financial independence.
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Impact
July, 2024
Trout Brook Realty Advisors Inc's impact is significant in creating, preserving, revitalizing, and pursuing affordable housing and community development opportunities that serve a diverse mix of households in the State of Connecticut. Through partnerships and consultative services, they actively engage in affordable housing activities, aiming to promote a viable and dynamic community through leadership and collaboration. The organization's focus on maintaining and managing quality housing and providing residential services allows their residents the opportunity to achieve personal growth and financial independence. Their operation of 137 units of low-income housing for the elderly, known as AE Plant, in West Hartford, CT, demonstrates their commitment to addressing the housing needs of the community.
This information is meant to be a general summary of Trout Brook Realty Advisors Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10,188
- Program Service Revenue: $1,750,944
- Gross Receipts: $4,531,216
Assets and Liabilities:
- Total Assets: $37,087,282
- Total Liabilities: $28,553,931
- Net Assets: $8,533,351
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$329,256
RENTAL REVENUE
Revenue
$1,421,688
Organization Details
Founding Year
2001
Phone
(860) 953-0002Principal Officer
Robert Wienner
Main Address
80 SHIELD STREET, WEST HARTFORD, CT, 06110
NTEE Category
Code: L21 - Housing
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