Overview
What is Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc?
Trinity Manor Apartments Inc, under the management of New Horizon Property Mgmt Inc, is a nonprofit organization situated in Milwaukee, Wisconsin. Its primary objective is to offer housing solutions for senior citizens. This retirement home or senior housing program is committed to providing a suitable living environment for elderly individuals, carrying out its mission with dedication and care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Trinity Manor Apartments Inc, managed by New Horizon Property Management Inc, received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability. The organization scored 58% overall, with its rating derived solely from the Accountability & Finance category. While the organization excels in having a fully independent board and demonstrates transparency by documenting board meeting minutes, its high liabilities to assets ratio negatively impacted its overall score.
The organization maintains a strong program expense ratio of 72.06%, reflecting a commitment to directing funds towards its mission rather than administrative costs. However, the liabilities to assets ratio of 174.95% indicates that the organization has more liabilities than assets, raising potential concerns about financial sustainability and stability.
In summary, while Trinity Manor Apartments Inc has a solid structure with independent governance and a focus on program expenses, its financial health appears to be at risk, which is a critical factor for donors and stakeholders to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc legitimate?
Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Manor Apartments Inc C/O New Horizon Property Mgmt 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: $0
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What is the mission statement of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc?
Trinity Manor Apartments, managed by New Horizon Property Management Inc., is committed to providing housing for elderly individuals. Their mission is centered around offering a residence that caters to the elderly, aiming to meet their unique housing needs. By doing so, they aim to contribute positively to the lives of elderly individuals, ensuring they have a suitable living environment. This mission is carried out without specifying a particular location in the provided information.
Who is the CEO of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc?
Reverend Bennie L Cleveland is the Vice Preside of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc.
What is the revenue of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc?
Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc's revenue in 2021 was $102,321.
Who are the executives of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc?
Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc
Trinity Manor Apartments Inc C/O New Horizon Property Mgmt Inc, as a retirement home or senior housing program, is committed to providing housing for elderly individuals. This mission-driven organization aims to offer a welcoming and supportive living environment for senior citizens, ensuring they have access to a secure and comfortable place to reside. By prioritizing the needs of the elderly, Trinity Manor Apartments contributes to their overall well-being and quality of life, fostering an atmosphere of companionship and community among its residents.
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Impact
October, 2024
Trinity Manor Apartments Inc C/O New Horizon Property Management Inc plays a significant role in addressing the housing needs of elderly individuals in Milwaukee, WI. By providing affordable and accessible housing options, it contributes to the overall well-being of seniors in the community. This initiative helps to ensure that elderly residents have a safe and supportive environment where they can live independently with dignity. Additionally, the presence of such housing facilitates social interaction among residents, reducing feelings of isolation and fostering a sense of community. The impact extends beyond just housing; it enhances the quality of life for seniors and supports their transition into retirement living.
This information is meant to be a general summary of Trinity Manor Apartments Inc C/O New Horizon Property Mgmt 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 2021.
- Investment Income: $49
- Program Service Revenue: $90,990
- Gross Receipts: $102,321
Assets and Liabilities:
- Total Assets: $771,300
- Total Liabilities: $1,349,404
- Net Assets: -$578,104
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$50,487
TENANT ASSISTANCE PAYMENTS
Revenue
$40,503
Organization Details
Founding Year
1997
Phone
(414) 355-3605Principal Officer
Reverend Bennie L Cleveland
Main Address
PO BOX 240044, MILWAUKEE, WI, 53224
NTEE Category
Code: L20Z - Housing
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