Overview
What is Trinity Methodist Church Apts Inc?
Trinity Methodist Church Apts Inc is a nonprofit organization situated in Camden, South Carolina. Established under Section 221(D)(3) of the National Housing Act, its primary mission is to provide affordable housing for low-income families. The organization operates an apartment community containing 50 rental units, totaling 96 bedrooms, and accommodates over 193 residents when fully occupied. Trinity Methodist Church Apts Inc offers rental subsidies to its tenants through a Project-Based Section 8 subsidy, enabling them to pay 30% of their income towards rent, with the subsidy covering the remaining amount. The organization's apartment community is based on typical apartment occupancy limits.
Is Trinity Methodist Church Apts Inc legitimate?
Trinity Methodist Church Apts Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Methodist Church Apts 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.
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What is the mission statement of Trinity Methodist Church Apts Inc?
Trinity Methodist Church Apts Inc, as an organization, is dedicated to providing affordable housing for low-income families. This is achieved through the operation of an apartment community, comprising 50 rental units with 96 bedrooms, which adheres to typical apartment occupancy limits. When fully occupied, the community accommodates over 193 residents. The organization offers rental subsidies to its tenants, specifically through a Project-Based Section 8 subsidy. This subsidy enables renters to pay only 30% of their income towards rent, with the subsidy covering the remaining balance.
Who is the CEO of Trinity Methodist Church Apts Inc?
Larrye Boykin is the Chairperson of Trinity Methodist Church Apts Inc.
What is the revenue of Trinity Methodist Church Apts Inc?
Trinity Methodist Church Apts Inc's revenue in 2022 was $446,185.
Who are the executives of Trinity Methodist Church Apts Inc and what are their salaries?
There are 2 employees at Trinity Methodist Church Apts Inc.
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Where can I find the form 990 for Trinity Methodist Church Apts Inc?
Trinity Methodist Church Apts Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity Methodist Church Apts Inc
Trinity Methodist Church Apts Inc, as an organization, is dedicated to providing affordable housing for low-income families. Established under Section 221(D)(3) of the National Housing Act, the nonprofit operates an apartment community consisting of 50 rental units, housing over 193 individuals when fully occupied. The community is equipped with 96 bedrooms and adheres to typical apartment occupancy limits.
Trinity Methodist Church Apts Inc's mission extends beyond just providing housing. It offers rental subsidies to its residents, specifically through Project-Based Section 8 subsidies. This subsidy allows renters to pay only 30% of their income towards rent, while the subsidy covers the remaining balance. This unique approach to affordable housing enables families with limited financial resources to secure a place to live, contributing to their overall stability and well-being.
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Impact
October, 2024
Trinity Methodist Church Apartments Inc significantly impacts the community by providing affordable housing solutions for low-income families in Camden, SC. The organization operates an apartment community consisting of 50 rental units with a total of 96 bedrooms, accommodating over 193 residents when fully occupied.
By implementing the Project-Based Section 8 subsidy, Trinity Methodist Church Apartments allows renters to contribute only 30% of their income toward rent, with the program covering the remaining amount. This arrangement alleviates financial strain on families, enabling them to allocate resources toward other essential needs such as food, education, and healthcare.
The presence of such affordable housing not only enhances the quality of life for its residents but also fosters a sense of community. By ensuring stable housing, Trinity Methodist Church Apartments contributes to the overall well-being of low-income families, offering them a foundation from which they can thrive and pursue their life goals.
This information is meant to be a general summary of Trinity Methodist Church Apts 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: $20
- Program Service Revenue: $97,609
- Gross Receipts: $446,185
Assets and Liabilities:
- Total Assets: $462,946
- Total Liabilities: $513,420
- Net Assets: -$50,474
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$90,735
TENANT CHARGES
Revenue
$6,874
Organization Details
Founding Year
1969
Phone
(803) 536-1056Principal Officer
Larrye Boykin
Main Address
401 CHURCH STREET, CAMDEN, SC, 29020
NTEE Category
Code: L20Z - Housing
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