Overview
What is Trellis Co?
Trellis Co is a Minneapolis-based nonprofit organization, which aims to provide affordable housing for individuals of low and moderate income. The organization owns and manages over 30 properties across Minnesota, including Bossen Terrace in Minneapolis, Boxleitner in Minneapolis, Evergreen in Hutchinson, Hamline in Saint Paul, and Jefferson Townhomes in Minneapolis, among others. Trellis Co has a significant presence, with approximately 9 employees, and also acts as a general partner in 21 limited partnerships, the sole owner of a for-profit real estate management corporation, and the controller of a nonprofit organization dedicated to owning affordable housing. Their mission is to offer decent housing for individuals who might not otherwise afford it.
Official website here: www.trellismn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
Trellis Co has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The overall score is based solely on their accountability metrics, where they have excelled in aspects such as maintaining a majority of independent board members and having strong financial oversight. The organization scored full points on several key indicators, including their conflict of interest policy and the presence of an audit and oversight committee.
One of the standout features of Trellis Co is their impressive program expense ratio of 98.59%, which suggests that a significant majority of their expenditures directly benefit their programs. This efficient allocation of resources is a positive indicator for potential donors who prioritize programmatic impact. Additionally, their commitment to governance is reflected in their comprehensive board practices and adherence to policies regarding document retention and whistleblower protections.
However, the organization did face a challenge in their liabilities to assets ratio, which received no points (0 out of 15). This may signal potential financial vulnerability, indicating that while they are currently operating effectively, they could be at risk if liabilities are not managed appropriately. Overall, Trellis Co demonstrates strong accountability but should focus on addressing financial liabilities to improve their sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Trellis Co legitimate?
Trellis Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trellis Co 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: $1,108,782
Professional Fundraising Fees: $0
Other Salaries and Wages: $233,032
For more financial information, click here
Official website here: www.trellismn.org
What is the mission statement of Trellis Co?
Trellis Co is dedicated to providing affordable housing solutions for individuals with low and moderate income. In line with this mission, the organization strives to offer decent housing options that cater to the financial needs of this demographic. Through various housing projects and partnerships, Trellis Co owns and manages multiple properties, with a total of 1,239 units across various locations. The corporation's efforts extend beyond direct ownership, as they also act as a general partner in 21 limited partnerships and have control of a nonprofit organization for affordable housing. The sole owner of a for-profit real estate management corporation, Trellis Co is committed to expanding its reach and improving the lives of those in need of affordable housing.
Official website here: www.trellismn.org
Who is the CEO of Trellis Co?
Elizabeth Flannery is the Chair of Trellis Co.
Official website here: www.trellismn.org
What is the revenue of Trellis Co?
Trellis Co's revenue in 2022 was $21,857,474.
Official website here: www.trellismn.org
Who are the executives of Trellis Co and what are their salaries?
The average compensation at Trellis Co during 2022 was $149,090. There are 9 employees at Trellis Co.
Here are 11 key members and their salaries:
- Compensation: $206,250
- Related: $0
- Other: $87,501
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $151,000
- Related: $0
- Other: $63,536
- Compensation: $164,000
- Related: $0
- Other: $78,832
- Compensation: $103,500
- Related: $0
- Other: $35,731
- Compensation: $105,187
- Related: $0
- Other: $46,222
Official website here: www.trellismn.org
Where can I find the form 990 for Trellis Co?
Trellis Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trellismn.org
Learn more at the official website: www.trellismn.org
Mission Statement of Trellis Co
Trellis Co, a notable nonprofit organization, is dedicated to providing affordable housing opportunities for individuals with low-income and moderate-income backgrounds. With a mission to make a difference, Trellis Co goes above and beyond to ensure that decent housing is within reach for those who might not otherwise have access to it.
The organization's commitment is reflected in its wide range of properties and housing solutions. Trellis Co manages over 30 properties across various locations, each offering quality and affordable living spaces. These properties include Bossen Terrace in Minneapolis, Boxleitner in Minneapolis, Evergreen Hutchinson, Hamline in Saint Paul, and many more. The corporation's housing initiatives cater to a diverse population, ensuring that a broad spectrum of individuals can benefit from their services.
Trellis Co's impact extends beyond the simple provision of housing. They work diligently to make housing affordable by utilizing HUD Section 8 subsidies, ensuring that eligible income guidelines are met. This approach enables Trellis Co to provide affordable housing solutions to a significant number of people, ultimately improving their quality of life and giving them peace of mind. The organization's unwavering dedication to its mission underscores its importance as a vital resource within the community.
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Impact
October, 2024
Trellis Co significantly impacts communities by providing quality, affordable housing for low- and moderate-income individuals and families. With ownership of 30 properties across the Minneapolis area and beyond, Trellis Co offers over 1,000 housing units, supporting those who might otherwise struggle to find safe and affordable living conditions.
By ensuring that rental rates are subsidized through programs like HUD Section 8, Trellis Co directly addresses the pressing need for accessible housing in a market where affordability is often out of reach for vulnerable populations. The organization's commitment to maintaining and managing these properties enables tenants to live with stability and dignity, fostering healthier communities and contributing to the overall well-being of the regions it serves.
Additionally, Trellis Co's role as a partner in multiple limited partnerships enhances its capacity to influence and improve living conditions for those in need. Through its holistic approach to housing, Trellis Co not only provides shelter but also strengthens community ties and promotes economic opportunity for its residents, making a vital contribution to the social fabric of the neighborhoods in which it operates.
This information is meant to be a general summary of Trellis Co. 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: $999,971
- Program Service Revenue: $20,308,897
- Gross Receipts: $22,786,635
Assets and Liabilities:
- Total Assets: $176,256,885
- Total Liabilities: $131,572,874
- Net Assets: $44,684,011
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$15,725,677
EARNED FEES
Revenue
$3,940,248
OTHER REVENUE
Revenue
$561,904
INSURANCE PROCEEDS
Revenue
$81,068
Organization Details
Founding Year
1991
Phone
(612) 332-6264Principal Officer
Elizabeth Flannery
Main Address
614 NORTH FIRST STREET SUITE 100, MINNEAPOLIS, MN, 554013101
Website
www.trellismn.orgNTEE Category
Code: L20Z - Housing
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