Overview
What is Trolinger House Inc?
Trolinger House Inc is a nonprofit organization committed to providing housing for elderly and handicapped individuals. Located within their facility, which comprises 101 units, they offer affordable living spaces for those who meet the eligibility criteria under section 8 of the National Housing Act. The corporation's mission focuses on ensuring that the housing needs of these vulnerable groups are met with affordability as a top priority.
Official website here: www.retire.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Trolinger House Inc has received a Three-Star rating from Charity Navigator, with an overall score of 81%. This score reflects a strong emphasis on accountability and finance, as it is derived entirely from this single beacon score. The organization demonstrates robust governance practices, including a fully independent board and established policies for financial oversight and conflict of interest.
Strengths include a high program expense ratio of 75.34%, indicating that a significant portion of their expenses is allocated to program services rather than administrative costs. The organization has also received perfect scores for various governance aspects, such as material diversion of assets and the existence of essential policies like whistleblower protection and document retention.
However, the organization faces a notable challenge with a liabilities to assets ratio of 178.72%, which may raise concerns about financial stability. While its governance and accountability measures are commendable, this financial aspect suggests that Trolinger House Inc could benefit from improved asset management strategies to ensure long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Trolinger House Inc legitimate?
Trolinger House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trolinger House 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
For more financial information, click here
Official website here: www.retire.org
What is the mission statement of Trolinger House Inc?
Trolinger House Inc, as a corporation, is dedicated to providing housing for individuals who are elderly or handicapped. These individuals must meet the eligibility criteria for rental assistance under Section 8 of the National Housing Act. The primary mission of Trolinger House Inc is to ensure that the affordability of its 101-unit facility is maintained. This means that the corporation works to make housing accessible and affordable for those who need it most. By providing a secure and comfortable living environment, Trolinger House Inc aims to enhance the quality of life for its residents, promoting their independence and well-being.
Official website here: www.retire.org
Who is the CEO of Trolinger House Inc?
William Lester is the Principal Officer of Trolinger House Inc. The CEO's salary of Trolinger House Inc is $0 and their total compensation is $172,523.
Official website here: www.retire.org
What is the revenue of Trolinger House Inc?
Trolinger House Inc's revenue in 2022 was $1,229,125.
Official website here: www.retire.org
Who are the executives of Trolinger House Inc and what are their salaries?
Here are 23 key members and their salaries (Trolinger House Inc's CEO's salary is $0 and their total compensation is $172,523):
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- Related: $168,773
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- Related: $106,528
- Other: $4,701
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- Related: $100,250
- Other: $4,566
Official website here: www.retire.org
Where can I find the form 990 for Trolinger House Inc?
Trolinger House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.retire.org
Learn more at the official website: www.retire.org
Mission Statement of Trolinger House Inc
Trolinger House Inc, a nonprofit organization, is dedicated to providing housing for elderly and handicapped individuals. This corporation plays a vital role in ensuring the affordability of a 101-unit facility, which is specifically designed for individuals who qualify for rental assistance under Section 8 of the National Housing Act. By offering such housing, Trolinger House Inc contributes to the well-being and independence of these individuals, enabling them to maintain a stable living environment.
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Impact
July, 2024
Trolinger House Inc's impact can be seen in the positive difference it makes in the lives of elderly and handicapped individuals in Blacksburg, VA. By providing affordable housing through their 101 unit facility, Trolinger House ensures that those who qualify for rental assistance under Section 8 of the national housing act have a safe and comfortable place to call home. The organization's commitment to supporting this vulnerable population contributes to the overall well-being and quality of life of the residents they serve.
This information is meant to be a general summary of Trolinger House 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: $32
- Program Service Revenue: $1,228,177
- Gross Receipts: $1,229,125
Assets and Liabilities:
- Total Assets: $1,814,604
- Total Liabilities: $3,033,817
- Net Assets: -$1,219,213
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYM
Revenue
$739,496
TENANT RENT PAYMENTS
Revenue
$345,489
CABLE TV AND PHONE SER
Revenue
$83,890
SERVICE COORDINATOR RE
Revenue
$57,790
DAMAGES & CLEANING FEE
Revenue
$1,505
Organization Details
Founding Year
1980
Phone
(540) 552-9176Principal Officer
William Lester
Main Address
2607 WARM HEARTH DRIVE NO 100, BLACKSBURG, VA, 24060
Website
www.retire.orgNTEE Category
Code: L22Z - Housing
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