Overview
What is Trinity Woods Inc?
Trinity Woods Inc, located in Norfolk, Virginia, is a dedicated nonprofit organization that specializes in senior housing and retirement services. Their primary mission is to provide affordable housing options for the elderly, falling under the category of Low Income Rental Housing. The organization strives to cater to the needs of this demographic, contributing to their well-being and ensuring a comfortable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars (38%)
Trinity Woods Inc has received a low score of 38%, resulting in a zero-star rating. This rating indicates significant concerns regarding the charity's accountability and financial practices. Notably, the organization lacks independent board members, which raises questions about governance and oversight. Additionally, several key policies related to conflict of interest, whistleblower protections, and document retention are missing, further highlighting governance deficiencies.
Despite these challenges, Trinity Woods Inc demonstrates a commendable program expense ratio of 89.24%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. However, the high liabilities to assets ratio of 293.86% presents a concerning financial instability that could impact its operations and sustainability.
Overall, while Trinity Woods Inc shows a commitment to program spending, its governance issues and financial vulnerabilities pose serious concerns for potential donors and stakeholders. It is crucial for the organization to address these shortcomings to improve its transparency and accountability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Woods Inc legitimate?
Trinity Woods Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Woods 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
What is the mission statement of Trinity Woods Inc?
Trinity Woods Inc, as a retirement home or senior housing program, is dedicated to providing low-income rental housing specifically for the elderly. Their mission is to offer a living environment that is affordable and suitable for senior citizens, ensuring they can maintain a dignified and comfortable lifestyle. By focusing on this demographic, Trinity Woods Inc aims to contribute to the well-being and support of the elderly population, fostering a sense of community and care within their facilities.
Who is the CEO of Trinity Woods Inc?
Eugene J Denardi is the President of Trinity Woods Inc.
What is the revenue of Trinity Woods Inc?
Trinity Woods Inc's revenue in 2023 was $492,172.
Who are the executives of Trinity Woods Inc and what are their salaries?
There are 6 employees and 2 volunteers at Trinity Woods Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $20,001
- Other: $0
- Compensation: $0
- Related: $14,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $42,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Trinity Woods Inc?
Trinity Woods Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Trinity Woods Inc
Trinity Woods Inc, as a mission-driven organization, is dedicated to providing low-income rental housing specifically for the elderly population. This retirement home or senior housing program aims to serve those in need, ensuring they can live in a comfortable and supportive environment. By focusing on this demographic, Trinity Woods Inc is committed to making a significant impact in the lives of its residents, offering them a place where they can age with dignity and security.
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Impact
July, 2024
Trinity Woods Inc's impact is focused on providing low-income rental housing for the elderly in Norfolk, VA. Their efforts help create a supportive and affordable living environment for senior citizens who may struggle with housing insecurity. Through their mission of offering low-income rental options, Trinity Woods Inc plays a crucial role in ensuring that older individuals have access to safe and comfortable housing as they age.
This information is meant to be a general summary of Trinity Woods 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 2023.
- Investment Income: $160
- Program Service Revenue: $492,012
- Gross Receipts: $492,172
Assets and Liabilities:
- Total Assets: $1,244,548
- Total Liabilities: $3,657,254
- Net Assets: -$2,412,706
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Rental Housing
Revenue
$492,012
Organization Details
Founding Year
1992
Phone
(757) 461-4696Principal Officer
Eugene J Denardi
Main Address
972 Norfolk Square, Norfolk, VA, 23502
NTEE Category
Code: L22Z - Housing
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