Trumbull Housing Development Corporation
- Assets
- $12.8m
- Revenue
- $448.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Warren, OH
- Founding
- 10/1986
- Data as of
- 06/2022
- EIN
- 34-1477202
Organization Overview
Trumbull Housing Development Corporation is located in Warren, OH. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Trumbull Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Trumbull Housing Development Corporation generated $448.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $466.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, AND PARTICULARLY THE ELDERLY OR INFIRM, AND TO CONSTRUCT A HOUSING PROJECT OR PROJECTS USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND ADVANCE DECENT, SAFE AND SANITARY HOUSING FOR PERSONS OF LOW INCOME, AND PARTICULARLY THE ELDERLY OR INFIRM, AND TO CONSTRUCT A HOUSING PROJECTS USABLE FOR PUBLIC HOUSING PURPOSES OR OTHER CHARITABLE PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Melfi President | Trustee | 0.5 | $0 |
Jerome F Lambert Trustee | Trustee | 0.5 | $0 |
Anthony C Perrone Secretary-Treasurer | Trustee | 0.5 | $0 |
Rev Darryl L Rodgers Sr Vice-President | Trustee | 0.5 | $0 |
Gilbert L Rieger Trustee | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $352,450 |
| Investment income | $96,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,931 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,365 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,580 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,231 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,633 |
| Fees for services: Legal | $988 |
| Fees for services: Accounting | $4,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $990 |
| Office expenses | $711 |
| Information technology | $3,360 |
| Royalties | $0 |
| Occupancy | $41,843 |
| Travel | $728 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,611 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,682 |
| Insurance | $26,642 |
| All other expenses | $4,374 |
| Total functional expenses | $466,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,110,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $294,885 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,476,116 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,535 |
| Net Land, buildings, and equipment | $1,226,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $687,058 |
| Total assets | $12,809,482 |
| Accounts payable and accrued expenses | $350,546 |
| Grants payable | $0 |
| Deferred revenue | $7,110 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $705,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $133,739 |
| Total liabilities | $1,196,977 |
| Net assets without donor restrictions | $11,326,207 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,809,482 |
Grants Awarded
Over the last fiscal year, Trumbull Housing Development Corporation has awarded $25,365 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
TRUMBULL METROPOLITAN HOUSING AUTHORITY | | | $18,965 |
GIRARD MANOR ASSOCIATES LTD | | | $6,400 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Alliance For Housing Oakland County Continuum Of Care Pontiac, MI | $25,935,962 | $39,151,253 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |