Overview
What is Trinity Building Corporation?
Trinity Building Corporation, located at 300 East John Street 138, Matthews, NC 28105, is a dedicated nonprofit organization. Its primary mission is to provide affordable housing to the community, adhering to Section 236 of the National Housing Act issued by the U.S. Department of Housing and Urban Development. This entity, also known as Trinity Garden Apartments, contributes significantly to the local community by offering reasonably priced housing options to low-income individuals, ensuring housing accessibility for a broader population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Trinity Building Corporation has achieved a 75% score on Charity Navigator, reflecting a solid three-star rating. This rating indicates a generally positive assessment of the organization’s accountability and financial health. The charity boasts a strong performance in several key areas, such as having a fully independent board and a high program expense ratio of 96.01%, suggesting that a significant portion of its funds are directed towards its programs.
The organization has demonstrated transparency and good governance practices, with established policies in place for conflicts of interest and whistleblower protections. Additionally, it maintains thorough documentation of board meeting minutes and has received full marks for its financial statements being audited, which underscores its commitment to financial integrity.
However, while the overall rating is commendable, potential donors might want to explore how the organization measures its impact and effectiveness in achieving its mission, as the rating primarily focuses on financial metrics and governance structures.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity Building Corporation legitimate?
Trinity Building Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Building 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 Building Corporation?
Trinity Building Corporation is committed to providing affordable housing solutions for low-income individuals. This mission is carried out in accordance with Section 236 of the National Housing Act, issued by the U.S. Department of Housing and Urban Development. The corporation plays a vital role in the community by offering housing that is within the financial reach of those with lower incomes. Their mission is to contribute positively to the housing landscape, ensuring that everyone has a place to call home, regardless of their financial situation.
Who is the CEO of Trinity Building Corporation?
Dr David Carmon is the Vice Chairman of Trinity Building Corporation.
What is the revenue of Trinity Building Corporation?
Trinity Building Corporation's revenue in 2022 was $1,214,862.
Who are the executives of Trinity Building Corporation and what are their salaries?
There 13 volunteers at Trinity Building Corporation.
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Where can I find the form 990 for Trinity Building Corporation?
Trinity Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Building Corporation
Trinity Building Corporation, as a dedicated entity, is committed to providing affordable housing solutions for low-income individuals. This mission is grounded in Section 236 of the National Housing Act, an initiative issued by the U.S. Department of Housing and Urban Development. The corporation operates within this regulatory framework, offering housing options that cater to the financial needs of the community. By doing so, Trinity Building Corporation contributes significantly to the well-being of its residents, enabling them to secure a stable living environment despite their limited income.
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Impact
July, 2024
Trinity Building Corporation's impact lies in providing vital affordable housing to low-income individuals in Matthews, NC. By adhering to regulations set forth by the U.S. Department of Housing and Urban Development, Trinity Building Corporation plays a crucial role in ensuring that those in need have access to safe and secure housing options. Through their mission of providing affordable housing, Trinity Building Corporation directly contributes to the well-being and stability of the community they serve.
This information is meant to be a general summary of Trinity Building 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: $595
- Program Service Revenue: $1,112,932
- Gross Receipts: $1,214,862
Assets and Liabilities:
- Total Assets: $7,852,604
- Total Liabilities: $9,990,051
- Net Assets: -$2,137,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$1,106,431
TENANT CHARGES
Revenue
$6,501
Organization Details
Founding Year
1970
Phone
(704) 771-1696Principal Officer
Dr David Carmon
Main Address
300 EAST JOHN STREET 138, MATTHEWS, NC, 28105
NTEE Category
Code: X21Z - Religion related
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