Overview
What is Holy Trinity Properties Inc?
Holy Trinity Properties Inc, based in Georgetown, Kentucky, is a dedicated nonprofit organization specializing in housing rehabilitation. Their primary mission is to provide affordable housing solutions for low-income families, aiding in their pursuit of stable living conditions. With a strong focus on this crucial need, Holy Trinity Properties strives to make a positive impact on its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Holy Trinity Properties Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting a score of 58%. This rating indicates significant concerns regarding the nonprofit's overall accountability and financial health. While the organization excels with a fully independent board and no material diversion of assets, it has notable shortcomings in several key governance areas.
The organization has a strong program expense ratio of 87.25%, suggesting that a substantial portion of its resources is allocated to its programs rather than administrative costs. However, critical policies such as conflict of interest, whistleblower, and document retention are missing, which affects its governance score significantly. Additionally, the lack of a posted website on its tax form raised further concerns about transparency.
Another point of concern is the high liabilities to assets ratio of 247.37%, indicating potential financial instability. The absence of essential documentation and policies could hinder the organization's effectiveness and community trust. Overall, while Holy Trinity Properties Inc demonstrates commitment through its program spending, its governance practices and financial metrics warrant further scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Trinity Properties Inc legitimate?
Holy Trinity Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Trinity Properties 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: $23,801
For more financial information, click here
What is the mission statement of Holy Trinity Properties Inc?
Holy Trinity Properties Inc, as a housing rehabilitation nonprofit, is committed to providing homes for families with low income. Their mission is centered around alleviating housing needs for those who may not have the resources to secure adequate housing on their own. Through their efforts, they contribute to improving living conditions and fostering stability for these families.
Who is the CEO of Holy Trinity Properties Inc?
Rev Karen Booth is the President of Holy Trinity Properties Inc.
What is the revenue of Holy Trinity Properties Inc?
Holy Trinity Properties Inc's revenue in 2023 was $194,797.
Who are the executives of Holy Trinity Properties Inc and what are their salaries?
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 Holy Trinity Properties Inc?
Holy Trinity Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Holy Trinity Properties Inc
Holy Trinity Properties, as a housing rehabilitation nonprofit, is committed to providing shelter for families with low income. Their mission, in essence, is to bridge the housing gap for those who might otherwise struggle to secure a decent place to live. By focusing on this essential need, Holy Trinity Properties seeks to make a significant impact in the lives of these families, offering them a sense of stability and security that can be transformative. This nonprofit organization's work is instrumental in ensuring that individuals and families in need have access to safe and affordable housing, thereby contributing to their overall well-being and quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Holy Trinity Properties Inc plays a crucial role in addressing housing needs for low-income families in Georgetown, KY. By focusing on housing rehabilitation, the organization revitalizes properties that might otherwise be uninhabitable, enabling families to secure stable and affordable living environments. This effort not only improves individual quality of life but also fosters community development and cohesion.
The impact of Holy Trinity Properties extends beyond just providing housing; it aids in breaking the cycle of poverty by offering families a foundation for stability and growth. Safe, rehabilitated homes contribute to healthier living conditions, which can positively influence children's education, mental health, and overall well-being. Furthermore, the organization's work helps to enhance the neighborhood, encouraging a sense of pride and ownership among residents. Ultimately, Holy Trinity Properties Inc plays a vital role in promoting social equity and improving the living conditions for those who need it most within the community.
This information is meant to be a general summary of Holy Trinity Properties 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: $23
- Program Service Revenue: $70,494
- Gross Receipts: $194,797
Assets and Liabilities:
- Total Assets: $270,798
- Total Liabilities: $669,892
- Net Assets: -$399,094
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTAL
Revenue
$68,155
LAUNDRY, VENDING
Revenue
$2,339
Organization Details
Founding Year
1986
Phone
(859) 276-5388Principal Officer
Rev Karen Booth
Main Address
PO BOX 1433, GEORGETOWN, KY, 40324
NTEE Category
Code: L20Z - Housing
If you are a representative of Holy Trinity Properties Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.