Overview
What is Trinity Affordable Housing Corporation?
Trinity Affordable Housing Corporation is a nonprofit organization located in Austin, Texas, specifically at 2716 Barton Creek Blvd, 78735. Their primary mission is to create and preserve safe and affordable housing communities for low- and moderate-income individuals, families, the elderly, and the disabled. This mission is carried out by managing an apartment complex with 574 units. Additionally, they provide social and educational services that benefit the residents in these communities, aiming to enhance their overall well-being. The organization is staffed by a team of 5 dedicated individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 41%, Zero-Star out of Four Star rating.
Trinity Affordable Housing Corporation has received a low rating of 41%, which highlights significant concerns in its accountability and financial practices. The zero-star rating indicates that the organization falls short of standards typically expected by donors, particularly in transparency and governance structures. Notably, the lack of independent board members and inadequate financial disclosures raise red flags about the organization's overall management.
The organization does exhibit some strengths, particularly in program expense ratio, indicating that a significant portion of its funds is allocated to its programs. However, weaknesses are prevalent, as evidenced by the absence of a conflict of interest policy, whistleblower policy, and documentation retention procedures, all of which are crucial for maintaining ethical oversight. Additionally, the financial statements were not made available on the nonprofit's website, further undermining its accountability.
Overall, while Trinity Affordable Housing Corporation appears to direct a relatively high percentage of its resources toward its mission, the severe deficiencies in governance and transparency may deter potential donors and supporters who prioritize responsible management and openness in nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Affordable Housing Corporation legitimate?
Trinity Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Affordable Housing Corporation 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: $447,094
Professional Fundraising Fees: $0
Other Salaries and Wages: $323,101
For more financial information, click here
What is the mission statement of Trinity Affordable Housing Corporation?
Trinity Affordable Housing Corporation's mission revolves around the creation and preservation of safe and affordable housing communities. These communities cater to low and moderate-income individuals, families, the elderly, and the disabled. Beyond providing housing, the corporation also offers social and educational services that are beneficial to the residents living in these communities.
Who is the CEO of Trinity Affordable Housing Corporation?
Philip Guistolise is the President & Treasurer of Trinity Affordable Housing Corporation.
What is the revenue of Trinity Affordable Housing Corporation?
Trinity Affordable Housing Corporation's revenue in 2022 was $5,490,928.
Who are the executives of Trinity Affordable Housing Corporation and what are their salaries?
The average compensation at Trinity Affordable Housing Corporation during 2022 was $154,039. There are 5 employees at Trinity Affordable Housing Corporation.
Here are 5 key members and their salaries:
- Compensation: $180,000
- Related: $0
- Other: $38,093
- Compensation: $144,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $30,000
- Related: $0
- Other: $0
Where can I find the form 990 for Trinity Affordable Housing Corporation?
Trinity Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Affordable Housing Corporation
Trinity Affordable Housing Corporation is dedicated to creating and preserving safe and affordable housing communities for individuals and families who fall under the categories of low and moderate income, the elderly, and the disabled. This mission extends beyond simply providing housing, as the organization also aims to deliver beneficial social and educational services to the residents living in these communities. By doing so, Trinity Affordable Housing Corporation seeks to enhance the quality of life for those it serves, ensuring they have access to suitable living conditions and resources that cater to their specific needs.
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Impact
July, 2024
Trinity Affordable Housing Corporation's impact is significant as it works diligently to create and preserve safe and affordable housing communities for low and moderate-income individuals, families, the elderly, and the disabled. Operating an apartment complex totaling 574 units in Austin, TX, this organization plays a vital role in providing housing for those in need. Additionally, Trinity Affordable Housing Corporation also offers social and educational services that benefit the residents in these communities. Their focus on housing as a basic need contributes to improving the quality of life for many individuals and families in the area.
This information is meant to be a general summary of Trinity Affordable Housing Corporation. 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: $822,018
- Program Service Revenue: $4,668,910
- Gross Receipts: $5,490,928
Assets and Liabilities:
- Total Assets: $27,406,133
- Total Liabilities: $26,001,092
- Net Assets: $1,405,041
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,771,317
PROGRAM RELATED K-1 IN
Revenue
$897,593
Organization Details
Founding Year
2014
Phone
(312) 282-0309Principal Officer
Philip Guistolise
Main Address
2716 BARTON CREEK BLVD 2014, AUSTIN, TX, 78735
NTEE Category
Code: L21 - Housing
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