Overview
What is Trinity New Hope Inc?
Trinity New Hope Inc, based in Nampa, Idaho, is a nonprofit organization committed to providing affordable housing solutions. They manage 16 single-family low-income housing units, adhering to regulations set by the Idaho Housing and Financing Association (IHFA) and the Home Investments Partnership Program (HOME) administered by the U.S. Department of Housing and Urban Development (HUD). The organization's primary mission is to offer clean and affordable housing, aiming to provide assistance and hope for those in need, in line with their total workforce of just two employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 45%, Zero-Star out of Four Star rating.
Trinity New Hope Inc has received a low score of 45%, reflecting significant concerns regarding its accountability and financial practices. The organization lacks independent board members, which is a critical factor in governance transparency. While it reports no material diversion of assets, it misses other key indicators of fiscal responsibility, such as a high liabilities-to-assets ratio, which raises questions about its financial stability.
Despite some strengths, such as a high program expense ratio indicating that all expenses are directed towards its programs, the absence of a whistleblower policy and various missing documents on its website limit its accountability. Moreover, the lack of a listed website on its tax form further diminishes transparency and accessibility of information for supporters and stakeholders. The organization has clear deficiencies in governance practices that may affect donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Trinity New Hope Inc legitimate?
Trinity New Hope Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity New Hope 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: $49,214
For more financial information, click here
What is the mission statement of Trinity New Hope Inc?
Trinity New Hope Inc, as an organization, is committed to providing clean and affordable housing. Their mission is to offer assistance and hope to those in need. They operate 16 single-family housing units, subject to a Low Income Housing Tax Credit (LIHTC) regulatory agreement with the Idaho Housing and Financing Association (IHFA), to enforce rent restrictions and periods of affordability. The project falls under the Home Investments Partnership Program (HOME) administered by the U.S. Department of Housing and Urban Development (HUD). Adhering to rent restrictions and program guidelines provided by IHFA, Trinity New Hope Inc provides affordable housing solutions for individuals with low income.
Who is the CEO of Trinity New Hope Inc?
Tami Mchugh is the President of Trinity New Hope Inc.
What is the revenue of Trinity New Hope Inc?
Trinity New Hope Inc's revenue in 2022 was $214,014.
Who are the executives of Trinity New Hope Inc and what are their salaries?
The average compensation at Trinity New Hope Inc during 2022 was $24,607. There are 2 employees at Trinity New Hope Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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 New Hope Inc?
Trinity New Hope Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Trinity New Hope Inc
Trinity New Hope Inc, as a nonprofit organization, is committed to providing clean and affordable housing as its mission. The goal of Trinity New Hope Inc is to offer assistance and hope to those in need. The nonprofit adheres to rent restrictions and program guidelines provided by the Idaho Housing and Financing Association (IHFA) under the Home Investments Partnership Program (HOME) administered by the U.S. Department of Housing and Urban Development (HUD). This program aims to provide affordable housing to low-income individuals, and Trinity New Hope Inc is a recipient of a portion of the federal funds allocated for this purpose. By adhering to these guidelines, Trinity New Hope Inc ensures that affordable housing is available to those who need it, thereby providing a vital service to its community.
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
Trinity New Hope Inc significantly contributes to the community by providing clean and affordable housing options in Nampa, Idaho. With the management of 16 low-income housing units, it addresses the critical need for affordable living spaces in the area. Through adherence to regulatory agreements, including those from the Low-Income Housing Tax Credit and the HOME Investment Partnership Program, Trinity New Hope ensures that rent remains accessible for residents.
The organization creates a stable environment for individuals and families, fostering a sense of security and community among its tenants. By offering affordable housing, it helps to alleviate the financial burdens faced by low-income individuals, allowing them to allocate resources to other essential needs such as education, healthcare, and employment.
Overall, Trinity New Hope Inc’s impact is marked by its role in improving living conditions, enhancing quality of life, and promoting stability for those who may otherwise struggle to find affordable housing in Nampa.
This information is meant to be a general summary of Trinity New Hope 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.
- Program Service Revenue: $198,772
- Gross Receipts: $214,014
Assets and Liabilities:
- Total Assets: $829,261
- Total Liabilities: $688,083
- Net Assets: $141,178
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.
LOW INCOME HOUSING
Revenue
$198,772
Organization Details
Founding Year
2016
Principal Officer
Tami Mchugh
Main Address
8 S MIDLAND BLVD, NAMPA, ID, 83651
NTEE Category
Code: L20 - Housing
If you are a representative of Trinity New Hope 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.