Overview
What is Trinity Terrace Inc?
Trinity Terrace Inc is a nonprofit organization situated in Rockville, Maryland, dedicated to providing affordable housing and essential social services to elderly individuals with very low incomes. The organization operates 72 rental apartment units, designed to cater to this specific demographic, thereby fulfilling its mission. Trinity Terrace's primary aim is to enhance the living conditions and overall well-being of its senior residents by offering a supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
Trinity Terrace Inc has earned a solid Three-Star rating from Charity Navigator, with an overall score of 86%. This score is derived solely from its Accountability & Finance metrics, reflecting a strong emphasis on financial health and organizational integrity. The charity showcases a robust program expense ratio of 91.04%, indicating that a significant majority of its funds are directed towards its mission-driven activities.
The organization demonstrates a commitment to transparency and ethical governance, as evidenced by its conflict of interest policy and whistleblower policy, both of which are in place and active. Additionally, it has a well-structured audit and oversight committee, which received full points for its financial statements. However, the composition of the board raises some concerns, with only 42% of its members being independent, impacting its score in the majority independent board members category.
Despite these strengths, the relatively low percentage of independent board members may suggest potential challenges in maintaining objectivity in governance. Overall, Trinity Terrace Inc presents a reliable option for donors looking to support a nonprofit with a strong focus on accountability and effective financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Terrace Inc legitimate?
Trinity Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Terrace 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: $100,154
For more financial information, click here
What is the mission statement of Trinity Terrace Inc?
Trinity Terrace Inc is committed to providing affordable housing and essential social services to senior citizens with very low income. Their mission is fulfilled through the operation of 72 rental apartment units. The organization offers a range of support services, aimed at enhancing the quality of life for these individuals. Located independently, the senior residents benefit from this dedicated housing solution, contributing to a community that prioritizes their well-being and financial stability.
Who is the CEO of Trinity Terrace Inc?
Leila A Finucane is the President & Ceo of Trinity Terrace Inc. The CEO's salary of Trinity Terrace Inc is $0 and their total compensation is $410,053.
What is the revenue of Trinity Terrace Inc?
Trinity Terrace Inc's revenue in 2022 was $968,514.
Who are the executives of Trinity Terrace Inc and what are their salaries?
Here are 10 key members and their salaries (Trinity Terrace Inc's CEO's salary is $0 and their total compensation is $410,053):
- Compensation: $0
- Related: $364,094
- Other: $45,959
- Compensation: $0
- Related: $244,362
- Other: $29,431
- Compensation: $0
- Related: $214,496
- Other: $38,157
- Compensation: $0
- Related: $197,403
- Other: $35,776
- Compensation: $0
- Related: $149,665
- Other: $26,588
- Compensation: $0
- Related: $134,038
- Other: $16,157
- Compensation: $0
- Related: $0
- Other: $0
- 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 Terrace Inc?
Trinity Terrace Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Terrace Inc
Trinity Terrace Inc, a nonprofit organization, is dedicated to providing affordable housing and related social services for very-low-income senior citizens. Located in an undisclosed location, Trinity Terrace offers 72 rental apartment units as part of its mission. The organization is committed to ensuring that its elderly residents have access to the necessary support they need to live independently and comfortably. By offering these affordable housing units, Trinity Terrace is making a significant contribution to the well-being of its community's senior population. The organization's mission is not just about providing a roof over their heads, but also about offering the necessary social services to help these individuals maintain their independence and improve their quality of life.
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Impact
July, 2024
Trinity Terrace Inc's impact is evident in its provision of affordable housing and related social services to very-low-income independent senior citizens. By offering 72 rental apartment units in Rockville, MD, Trinity Terrace is dedicated to fulfilling its mission of ensuring that senior citizens have access to safe and affordable housing. This impact contributes to the well-being and quality of life of the seniors served by Trinity Terrace, helping them to lead more secure and comfortable lives in their later years.
This information is meant to be a general summary of Trinity Terrace 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: $599
- Program Service Revenue: $967,915
- Gross Receipts: $968,514
Assets and Liabilities:
- Total Assets: $4,048,531
- Total Liabilities: $369,795
- Net Assets: $3,678,736
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Ag
Revenue
$668,171
Affordable Housing
Revenue
$288,765
Miscellaneous Income
Revenue
$10,979
Organization Details
Founding Year
2000
Principal Officer
Leila A Finucane
Main Address
11400 Rockville Pike STE 505, Rockville, MD, 20852
NTEE Category
Code: L22 - Housing
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