Overview
What is Trinity Landholding Corporation?
Trinity Landholding Corporation is a nonprofit organization situated in Washington, D.C., specifically at 309 E Street NW. Their primary mission is to offer transitional housing to impoverished and homeless families, providing them with accommodation at rates lower than the market average. By offering this vital service, Trinity Landholding Corporation plays a significant role in supporting those in need and contributing to the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
Trinity Landholding Corporation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization scored 52% overall, reflecting a lack of key policies which may affect its governance and transparency. While it achieved full points for having a majority independent board and a low liabilities to assets ratio, other factors contributed to its low rating.
The nonprofit excelled in areas related to board independence and asset management, showcasing a strong governance framework in some respects. However, it fell short in critical areas such as having a conflict of interest policy, a whistleblower policy, and documentation retention policies, which are essential for organizational integrity and ethical accountability. Additionally, the absence of tax forms on its website raises transparency concerns.
Overall, while Trinity Landholding Corporation has strengths in its board structure, the lack of essential governance policies and lower program expense ratio suggests a need for improvement in financial management and operational transparency. Addressing these limitations could enhance its rating and public trust in its mission and activities.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Landholding Corporation legitimate?
Trinity Landholding Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Landholding 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Trinity Landholding Corporation?
Trinity Landholding Corporation, as a organization, is committed to offering transitional housing solutions for families experiencing poverty and homelessness. They accomplish this by providing housing units at rates below the market average. The primary goal of Trinity Landholding Corporation is to offer a shelter for these families, thereby providing them with a stable living environment during their transition period. The corporation's mission is rooted in the belief that everyone deserves a safe and secure place to call home, regardless of their financial situation. Trinity Landholding Corporation's efforts contribute to the betterment of the community by offering a supportive environment for families in need.
Who is the CEO of Trinity Landholding Corporation?
Thomas Knoll is the Board Member of Trinity Landholding Corporation.
What is the revenue of Trinity Landholding Corporation?
Trinity Landholding Corporation's revenue in 2022 was $945,690.
Who are the executives of Trinity Landholding Corporation and what are their salaries?
There 4 volunteers at Trinity Landholding Corporation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trinity Landholding Corporation?
Trinity Landholding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Landholding Corporation
Trinity Landholding Corporation, a nonprofit organization, is dedicated to addressing the housing needs of impoverished and homeless families. Its mission is to provide affordable housing for these families, offering them a place to live at rents that are lower than the market average. By offering this housing service, Trinity Landholding Corporation aims to contribute to the well-being and stability of these families, enabling them to focus on other aspects of their lives.
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Impact
July, 2024
Trinity Landholding Corporation provides vital transitional housing for poor and homeless families in Washington, DC. By offering housing at below-market rents, Trinity Landholding Corporation plays a crucial role in helping these vulnerable families stabilize and rebuild their lives. Their impact is significant in addressing the issue of homelessness and providing a safe and supportive environment for those in need.
This information is meant to be a general summary of Trinity Landholding 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: $685,820
- Program Service Revenue: $259,870
- Gross Receipts: $945,690
Assets and Liabilities:
- Total Assets: $2,296,821
- Total Liabilities: $589,293
- Net Assets: $1,707,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$257,449
Laundry Income
Revenue
$2,421
Organization Details
Founding Year
1988
Phone
(301) 213-1025Principal Officer
Thomas Knoll
Main Address
309 E Street NW, Washington, DC, 20001
NTEE Category
Code: L20Z - Housing
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