Overview
What is Trinity Acres Housing Corporat?
Trinity Acres Housing Corporation is a nonprofit organization situated in Chicago, Illinois, specifically at 6225 South Drexel Avenue. Their primary mission is to offer affordable housing options for the elderly and disabled, adhering to guidelines set by HUD-assisted programs. The organization manages a 48-unit project, dedicated to serving this particular demographic. With a team of 11 employees, they work diligently to uphold this mission and provide a supportive living environment for their residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Trinity Acres Housing Corporation has received a Three-Star rating from Charity Navigator, signifying a good level of accountability and financial health. This rating is based on a comprehensive evaluation of their financial practices, with a focus on transparency and governance. The organization scored particularly well on various metrics, achieving full marks in areas such as having a majority independent board and a clear conflict of interest policy.
The charity's financial management appears robust, as evidenced by its high program expense ratio of 84.74%, indicating that a significant portion of its funds is directed towards its mission-driven activities. Additionally, the organization has maintained a healthy liabilities to assets ratio of 43.52%, which reflects sound fiscal responsibility. These strengths contribute to the organization’s credibility and trustworthiness in managing donor funds effectively.
However, while the overall score is positive, potential donors may want to remain informed about the organization's operational impact and specific program outcomes, as these aspects were not detailed in the financial metrics provided. Overall, Trinity Acres demonstrates a commitment to accountability and effective financial practices, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Acres Housing Corporat legitimate?
Trinity Acres Housing Corporat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Acres Housing Corporat 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: $234,549
For more financial information, click here
What is the mission statement of Trinity Acres Housing Corporat?
Trinity Acres Housing Corporation is committed to providing affordable housing for the elderly and disabled, ensuring compliance with HUD-assisted programs. Their primary objective is to offer suitable living spaces for this vulnerable population. By adhering to HUD guidelines, they ensure that their housing services are accessible and affordable, thereby contributing to the well-being of these individuals. The organization manages a 48-unit project primarily for the elderly, demonstrating their dedication to this mission.
Who is the CEO of Trinity Acres Housing Corporat?
Ken Dickerson is the Board Chair of Trinity Acres Housing Corporat.
What is the revenue of Trinity Acres Housing Corporat?
Trinity Acres Housing Corporat's revenue in 2022 was $778,254.
Who are the executives of Trinity Acres Housing Corporat and what are their salaries?
The average compensation at Trinity Acres Housing Corporat during 2022 was $21,323. There are 11 employees at Trinity Acres Housing Corporat.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Trinity Acres Housing Corporat?
Trinity Acres Housing Corporat's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Acres Housing Corporat
Trinity Acres Housing Corporation is dedicated to providing affordable housing solutions for the elderly and disabled individuals, adhering to the guidelines set by the HUD-assisted programs. The organization's mission is centered around ensuring that these vulnerable groups have access to suitable living arrangements, enabling them to maintain their independence and dignity. By owning and operating a 48-unit project specifically designed for the elderly, Trinity Acres Housing Corporation is committed to creating a supportive environment where these individuals can thrive. The organization's efforts contribute significantly to addressing the housing needs of this demographic, providing them with a safe and affordable place to call home.
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Impact
October, 2024
Trinity Acres Housing Corporation significantly impacts the community by providing essential affordable housing for elderly and disabled individuals in Chicago, IL. With a focus on compliance with HUD-assisted programs, the organization owns and operates a 48-unit housing project tailored to meet the needs of vulnerable populations. By ensuring access to stable and secure living conditions, Trinity Acres not only promotes the well-being and dignity of its residents but also contributes to a more inclusive community where seniors and disabled individuals can thrive independently. The availability of such housing is crucial in combating the challenges of affordability and accessibility in urban settings, thereby enhancing the quality of life for many.
This information is meant to be a general summary of Trinity Acres Housing Corporat. 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: $48
- Program Service Revenue: $776,702
- Gross Receipts: $778,254
Assets and Liabilities:
- Total Assets: $791,455
- Total Liabilities: $344,451
- Net Assets: $447,004
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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
$776,702
Organization Details
Founding Year
1984
Principal Officer
Ken Dickerson
Main Address
6225 South Drexel Avenue, CHICAGO, IL, 60637
NTEE Category
Code: L21 - Housing
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