Trinity Housing Corp of Greeley

Nonprofit profile at a glance

EIN
300056876
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Greeley, CO, USA
Phone
9703562808
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$1,618,776
Expenses
$1,476,572
Assets
$2,906,686
Liabilities
$1,928,208

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • BRIAN LARSON (PRESIDENT)
  • CLIFFORD CLIFT (VICE PRESIDENT)

People named in this filing

  • BRIAN LARSON (PRESIDENT)
  • CLIFFORD CLIFT (VICE PRESIDENT)
  • ANDREW ROMERO (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide affordable housing to low income individuals.

What it reported doing in 2024

Island grove village apartments (igv) was created in 1972 by trinity housing corporation of greeley, a separate nonprofit entity, as a long-term outreach program of its greater mission to support poor and oppressed people, particularly those underserved minorities in our own communities. Located in greeley, Colorado's impoverished northeast side, igv offers affordable housing to nearly 350 residents in 108 one-to-four-bedroom apartments. A warm and welcoming complex, igv is a u.s housing and urban development section 8 multifamily complexwhere qualifying residents pay no more than one-third of their monthly income toward rent where children and adults grow and prosper in a supportive environment where the importance of family, education, and health is encouraged through numerous onsite programs and activities where thousands of families have been given help, a decent and respectable place to live, and the respect they deserve. Our many onsite programs are designed to interweave to create a larger fabric of support, encouragement, and empowerment, striving to touch each and every life that passes through igv's front office. Recipient of many local, national, and government awards, igv was enrolled in an innovative hud refinancing program which has enabled us to initiate a 20 year renovation and reconstruction effort site wide to improve the lives of our residents, as well as to enable cost-saving measures to ensure the longevity, vitality, and sustainability of our continuing efforts.

Operating model

Revenue model
Grant-funded. 62% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 57
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69%; rating input score 69
  • Program expense ratio: 75.5%; rating input score 75
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 8.8%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 1.97; rating input score 64; 64th percentile among comparable filings
  • Liabilities to assets ratio: 0.66; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 4.8% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 7.8% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 69% of revenue deployed · 75.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.1M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.