Trinity Affordable Housing Corporation

Analysis

Trinity Affordable Housing Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trinity Affordable Housing Corporation reported income of $4.5m and spending of $4.7m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.8m to $4.5m (-5.7%), an average of -1.5% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Trinity Affordable Housing Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include North Carolina Housing Services and Management Corporation ($4.5m), Florence RHF Housing Inc ($4.5m) and His Way Recovery Center ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $463k (9.9% of expenses). Other salaries and wages came to $403k. At year end it held assets of $26.8m against liabilities of $25.6m, net assets of $1.2m. It reported 5 employees.