Overview
What is Trinity Community Housing Corp?
Trinity Community Housing Corp is a nonprofit organization situated in Chicago, Illinois. With a focus on addressing the housing needs of the elderly and disabled, the corporation owns and manages a 70-unit project. Operating in compliance with HUD-assisted programs, Trinity Community Housing Corp offers affordable and low-income housing options, ensuring that these vulnerable populations have a secure living environment. With a staff of six individuals, the organization is dedicated to making a positive impact on the community by providing essential housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%) - Two-Star out of Four Star rating
Trinity Community Housing Corp has received a "Needs Improvement" rating from Charity Navigator, primarily due to concerns about financial transparency and accountability. While the organization excels in areas such as having a fully independent board and maintaining a high program expense ratio of 84.4%, it has significant gaps in financial documentation. The absence of financial statements and missing key disclosures on their website have negatively impacted their overall score.
The organization demonstrates strong governance practices, including a comprehensive conflict of interest policy and a whistleblower policy. However, areas such as document retention protocols and the posting of tax forms on their website were not adequately addressed, leading to further deductions in their score. Despite these limitations, the organization shows commitment to its mission with a high percentage of program expenses directed towards its initiatives.
Overall, while Trinity Community Housing Corp displays strengths in governance and program spending, improvements in financial reporting and transparency are crucial for enhancing trust and accountability with donors and stakeholders. Addressing these issues could significantly boost their rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Community Housing Corp legitimate?
Trinity Community Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Community Housing Corp 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: $215,139
For more financial information, click here
What is the mission statement of Trinity Community Housing Corp?
Trinity Community Housing Corp's mission is centered around providing affordable housing for elderly and disabled individuals. In alignment with HUD-assisted programs, the organization strives to ensure that all residents have access to suitable living accommodations. Their primary activity involves managing a 70-unit housing project specifically designed for the elderly, upholding the principles of affordability and accessibility. The corporation's mission is to promote dignified living conditions and enhance the quality of life for its residents, thereby contributing positively to their overall well-being.
Who is the CEO of Trinity Community Housing Corp?
Ken Dickerson is the Chairman of Trinity Community Housing Corp.
What is the revenue of Trinity Community Housing Corp?
Trinity Community Housing Corp's revenue in 2022 was $1,246,087.
Who are the executives of Trinity Community Housing Corp and what are their salaries?
The average compensation at Trinity Community Housing Corp during 2022 was $35,856. There are 6 employees at Trinity Community Housing Corp.
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Where can I find the form 990 for Trinity Community Housing Corp?
Trinity Community Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Community Housing Corp
Trinity Community Housing Corp is committed to providing affordable housing options for the elderly and disabled, ensuring compliance with HUD-assisted programs. Their mission is to offer a living environment that caters to the specific needs of this vulnerable population, ensuring they have access to suitable housing solutions. The organization operates a 70-unit project specifically tailored for the elderly, demonstrating their dedication to delivering on this mission. By providing affordable housing, Trinity Community Housing Corp aims to enhance the quality of life for these individuals, enabling them to live with dignity and independence.
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Impact
October, 2024
Trinity Community Housing Corp significantly impacts the lives of elderly and disabled individuals in Chicago, Illinois, by providing affordable housing solutions. With a dedicated 70-unit project, the organization addresses the critical need for accessible living spaces in compliance with HUD-assisted programs. This initiative not only enhances the quality of life for its residents but also fosters a sense of community and stability among vulnerable populations, ensuring they have a safe and supportive environment to call home. Through its commitment to affordable housing, Trinity Community Housing Corp plays an essential role in combating homelessness and improving the overall wellbeing of those it serves.
This information is meant to be a general summary of Trinity Community Housing Corp. 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: $5
- Program Service Revenue: $1,239,074
- Gross Receipts: $1,246,087
Assets and Liabilities:
- Total Assets: $956,739
- Total Liabilities: $3,788,868
- Net Assets: -$2,832,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Rental Income
Revenue
$1,239,074
Organization Details
Founding Year
1983
Principal Officer
Ken Dickerson
Main Address
3939 South Calumet, CHICAGO, IL, 60605
NTEE Category
Code: L20Z - Housing
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