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Trinity Apartments Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363741872 ✦ Minneapolis, MN ✦ Designated as a 501(c)(3)

Overview

What is Trinity Apartments Corporation?

Trinity Apartments Corporation, established in 1991, is a Minneapolis-based nonprofit organization that operates a 120-unit building for elderly and disabled individuals with low incomes. The organization, located at 614 North First Street No 100, provides subsidized housing through funding from the U.S. Department of Housing and Urban Development (HUD). Its mission is to offer decent and affordable housing for individuals with low to moderate incomes. Trinity Apartments Corporation aims to enhance the lives of its residents by ensuring they have access to secure, comfortable living arrangements.


Is Trinity Apartments Corporation legitimate?

Trinity Apartments Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Trinity Apartments 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,296

For more financial information, click here


What is the mission statement of Trinity Apartments Corporation?
Who is the CEO of Trinity Apartments Corporation?
What is the revenue of Trinity Apartments Corporation?
Who are the executives of Trinity Apartments Corporation and what are their salaries?
Where can I find the form 990 for Trinity Apartments Corporation?

Mission Statement of Trinity Apartments Corporation

Trinity Apartments Corporation, a nonprofit organization established in 1991, is dedicated to providing decent housing that is affordable for individuals with low and moderate incomes. In pursuit of this mission, the corporation operates a 120-unit building that caters specifically to elderly and disabled individuals, ensuring they have access to affordable housing. The rent for these residents is subsidized by the Housing and Urban Development (HUD), making it a vital resource within the community.

Trinity Apartments Corporation's commitment to social responsibility goes beyond just offering affordable housing. By providing a safe and comfortable living environment, the organization enables its residents to focus on their wellbeing and personal growth. The Corporation's housing solutions not only meet the basic needs of its residents but also contribute to a sense of stability and security. In doing so, Trinity Apartments Corporation plays a pivotal role in enhancing the quality of life for its residents, allowing them to thrive and contribute positively to their communities.

The organization's unwavering dedication to its mission is reflected in its commitment to serving those who often face the greatest challenges in accessing affordable housing. By offering housing subsidies, Trinity Apartments Corporation creates opportunities for individuals who might not otherwise have access to decent housing. In turn, these individuals are able to focus on their personal and professional development, ultimately contributing to a stronger, more resilient community.

Impact

This information is meant to be a general summary of Trinity Apartments Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Trinity Apartments Corporation's impact lies in providing decent, affordable housing to low and moderate-income elderly and disabled individuals in Minneapolis. By operating a 120-unit building with subsidized rent, Trinity Apartments enables individuals with limited financial means to access safe and comfortable living spaces. This not only addresses a critical need for affordable housing in the community but also contributes to the overall well-being and stability of its residents. Through its mission-focused approach, Trinity Apartments Corporation plays a vital role in supporting vulnerable populations and promoting equitable access to housing resources.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2020.

  • Investment Income: $12,539,123
  • Program Service Revenue: $327,342
  • Gross Receipts: $13,828,294

    • Assets and Liabilities:
  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    HOUSING ASST PYMTS

    Revenue

    $217,066

    TENANT RENTS

    Revenue

    $93,966

    OTHER

    Revenue

    $16,310

    Organization Details

    Founding Year

    1991

    Principal Officer

    Chris Maida

    Main Address

    614 NORTH FIRST STREET NO 100, MINNEAPOLIS, MN, 55401

    NTEE Category

    Code: L80Z - Housing

    If you are a representative of Trinity Apartments Corporation 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.