Overview
What is Trinity Apartments Of Lakeland Inc?
Trinity Apartments of Lakeland Inc, located at 1201 South Central Avenue, Lakeland, FL 33801, is a nonprofit organization dedicated to providing affordable housing options for the elderly. Under the regulations of the U.S. Department of Housing and Urban Development (HUD), they offer low-rent accommodations, ensuring that the elderly population in their community has access to suitable living arrangements. With a team of seven dedicated individuals, this organization plays a crucial role in addressing the housing needs of the elderly population in Lakeland.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Trinity Apartments of Lakeland Inc demonstrates a solid commitment to accountability and financial management, earning a commendable score of 79%. The organization boasts a fully independent board, with all members meeting governance standards, reflecting a strong commitment to ethical practices. Additionally, the charity excels in its financial oversight, including a thorough audit and the absence of any material diversion of assets.
Despite its strengths, the organization faces challenges indicated by its liabilities to assets ratio, which stands significantly high at 133.30%. This may raise concerns about financial stability and long-term sustainability. However, the charity's impressive program expense ratio of 100% shows that all funds are directed toward its programs, highlighting its focus on fulfilling its mission efficiently. Overall, Trinity Apartments of Lakeland Inc demonstrates a commitment to transparency and accountability, although financial health should be monitored closely.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Apartments Of Lakeland Inc legitimate?
Trinity Apartments Of Lakeland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Apartments Of Lakeland 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: $181,662
For more financial information, click here
What is the mission statement of Trinity Apartments Of Lakeland Inc?
Trinity Apartments Of Lakeland Inc is dedicated to providing affordable housing solutions for the elderly, adhering to regulations set by the HUD. Its primary mission is to facilitate low-rent living arrangements for this demographic, ensuring they have a secure place to reside. This organization is committed to upholding these regulations, thereby offering a suitable living environment for the elderly community.
Who is the CEO of Trinity Apartments Of Lakeland Inc?
James Wilson is the President of Trinity Apartments Of Lakeland Inc.
What is the revenue of Trinity Apartments Of Lakeland Inc?
Trinity Apartments Of Lakeland Inc's revenue in 2022 was $581,118.
Who are the executives of Trinity Apartments Of Lakeland Inc and what are their salaries?
The average compensation at Trinity Apartments Of Lakeland Inc during 2022 was $25,952. There are 7 employees at Trinity Apartments Of Lakeland Inc.
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Where can I find the form 990 for Trinity Apartments Of Lakeland Inc?
Trinity Apartments Of Lakeland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Apartments Of Lakeland Inc
Trinity Apartments of Lakeland Inc, as per its mission, is dedicated to providing affordable housing options for the elderly community, adhering to regulations set by the HUD. This nonprofit organization's primary focus is to ensure that elderly individuals have access to suitable living spaces, all while abiding by the guidelines established by the HUD. By offering low-rent government-assisted housing, Trinity Apartments of Lakeland Inc seeks to contribute positively to the elderly community's living standards, ensuring they have a dignified and comfortable residence.
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Impact
July, 2024
Trinity Apartments of Lakeland Inc provides low-rent government-assisted housing for the elderly under HUD regulations in Lakeland, Florida. Their impact is in providing affordable and safe housing for elderly individuals who may otherwise struggle to find suitable accommodation. By offering this vital service, Trinity Apartments of Lakeland Inc helps improve the quality of life for elderly residents in the community, ensuring they have a comfortable and secure place to call home.
This information is meant to be a general summary of Trinity Apartments Of Lakeland 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 2022.
- Investment Income: $16
- Program Service Revenue: $579,768
- Gross Receipts: $581,118
Assets and Liabilities:
- Total Assets: $4,513,412
- Total Liabilities: $5,968,351
- Net Assets: -$1,454,939
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$579,768
Organization Details
Principal Officer
James Wilson
Main Address
1201 SOUTH CENTRAL AVENUE, LAKELAND, FL, 33801
NTEE Category
Code: L21 - Housing
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