Trinity Restoration INC EIN 05-0502019 Form 990 (PDF) Claim this org

Trinity Restoration INC FY2023 filing

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Builds and revitalizes communities through development and restoration projects. For fiscal year 2023 it reported $791K in revenue, $274K in expenses, and $1.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Providence, RI
Website
sccri.org
Filings
5 on file (2020–2023)
Revenue
$791KFY2023
Expenses
$274K
Net assets
$1.1M
People
14
Filings
5
Updates
0
More identity details & actions ⌄
EIN  05-0502019 Public charity (501(c)(3)) Providence, RI
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds and revitalizes communities through development and restoration projects.
Leadership
Richardson Ogidan · Executive Director · $34K
Money in and out
$791K revenue, $274K expenses
Bottom line
71% program efficiency
Where the money goes · FY2023
Total revenue
$791K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $517K
Where spending went · Part IX cols B–D
Program services $0.71 Management & general $0.29
Program efficiency
71%
of spending reaches programs
Operating runway
16.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
+65%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$791K
FY2023▲ +178%
Expenses
$274K
FY2023▲ +10%
Total assets
$1.3M
FY2023▲ +37%
Total liabilities
$169K
FY2023▼ -74%
Total revenue
$791K
Pt VIII · Ln 12
Total expenses
$274K
Pt IX · Ln 25
Net assets
$1.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$517K
Total assetsPt X · Ln 16$1.3M
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrinity Restoration INC
EINHdr · item D05-0502019
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jsccri.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P28)
Ruling yearIRS BMFFeb 1999

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$34,120Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Richardson Ogidan’s $17K as Executive Director is at the 8th percentile of top reported officer pay among 2164 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Richardson Ogidan$16,620$34,120$32,500$24,554
Richard Odigan$23,625

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $195K of program spending, described in the organization's own filed words · FY2023.
01

In 2023, the program ran a six-week Teaching Artists summer camp for youth and adults teaching Music, Dance, Songwriting, Visual Arts, and Poetry Reading. We conducted the showing of one documentary film on "Dunbar High School and co-presented three film festivals.

$195Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$715K · 90%
Program service revenue$76K · 10%
Contributions & grants90%$715K
Program service revenue10%$76K
Investment income$39
— government grantsLn 1e$537K
Total revenueLn 12$791K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.29
Program services71%$195K
Management & general29%$79K
Total functional expensesLn 25$274K

Balance Sheet

Part X · end of year
CashLn 1$381K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$169K
Total net assetsLn 32$1.1M
Months of cash on handcomputed16.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $381K · Operating expenses/yr $274K
16.7 months
Where the money goes
Program services
Program services $195K · Total expenses $274K
71%
Management & General
Management & general $79K · Total expenses $274K
29%
Fundraising
Fundraising $0 · Total expenses $274K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $80K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $715K · Total revenue $791K
90%
Government reliance
Government grants $537K · Total revenue $791K
68%
Earned-income share
Program service revenue $76K · Total revenue $791K
10%
Investment reliance
Investment income $39 · Total revenue $791K
<0.01%
Program self-sufficiency
Program service revenue $76K · Total expenses $274K
28%
Growth & trend
Revenue growth (YoY)
This year $791K · Prior year $285K
+178%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $791K · Expenses $274K
+65%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.1M · Total assets $1.3M
87%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.3M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Richardson Ogidan · Reported title Executive director · Highest reported compensation $34K · Total expenses $274K
12%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $67K · Total expenses $274K
24%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%
Overhead ratio 29%
Fundraising cost ratio 0%
Revenue growth 178%
Accounting fee ratio 4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$1K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$218K revenue · ⤓ 990 PDF
FY2023$791K revenue · viewing · ⤓ 990 PDF
FY2022$285K revenue · ⤓ 990 PDF
FY2021$333K revenue · ⤓ 990 PDF
FY2020$423K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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