Trinity Building Corporation FY2020 filing

Tax-deductible

Greensboro, NC501(c)(3)Since 1970ReligionEIN 56-1058563Revenue $1.2M in FY2020

On file with the IRS809 Carrieland Dr, 27405-6005 · Greensboro, NCTax-exempt since Oct 1991Publicly supported — 509(a)(2)

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The entity provides affordable housing to low incomeindividuals.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $121K a year · 10% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10.2M
123% of total assets
Concern: liabilities are 123% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
Spent
$1.3M
To programs
97%
Net assets
−$1.9M
By yearFY2020–FY2025
Revenue
$1.2M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.2M
FY2023$1.2M
FY2024$1.2M
FY2025$1.3M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.3M
FY2022$1.3M
FY2023$1.3M
FY2024$1.3M
FY2025$1.4M
Net assets
−$1.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.9M
FY2021−$2.1M
FY2022−$2.1M
FY2023−$2.2M
FY2024−$2.3M
FY2025−$2.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1991.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $1.3M Management & general 3% · $40K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing to low-income individuals.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

The entity provides low income and affordable housing to the community as regulated by section 236 of the national housing act issued by the U.S. Department of housing and urban development.

$1.3Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$99K
Investment incomeLn 3$787
Money outPt IX
$1.3M
Ln 25
Programscol B$1.3M
Managementcol C$40K
Owns and owesPt X
−$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$512K
Total assetsLn 16$8.3M
LiabilitiesLn 26$10.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$99K
Government grantsLn 1e$99K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$787
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$65K
SavingsLn 2$447K
Cash and savings togetherLn 1–2$512K
Land, buildings, equipmentLn 10c$7.4M
Total assetsLn 16$8.3M
LiabilitiesLn 26$10.2M
Net assetsLn 32−$1.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$530K$512K
Land, buildings, equipmentLn 10c$7.7M$7.4M
Total assetsLn 16$8.6M$8.3M
LiabilitiesLn 26$10.3M$10.2M
Net assetsLn 32−$1.8M−$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$142K$142K
Legal feesLn 11b$126$126
Accounting feesLn 11c$34K$34K
Office expensesLn 13$23K$23K
OccupancyLn 16$116K$116K
InterestLn 20$310K$310K
Depreciation, depletion and amortizationLn 22$278K$278K
InsuranceLn 23$76K$76K
Other expenses (24a–d)Ln 24$223K$223K
All other expensesLn 24e$132K$127K$6K
Total functional expensesLn 25$1.3M$1.3M$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$1.4M−$149K−$2.5M 990 PDF
FY2024 $1.2M$1.3M−$97K−$2.3M 990 PDF
FY2023 $1.2M$1.3M−$105K−$2.2M 990 PDF
FY2022 $1.2M$1.3M−$65K−$2.1M 990 PDF
FY2021 $1.2M$1.3M−$144K−$2.1M 990 PDF
FY2020 Viewing $1.2M$1.3M−$166K−$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $1,167,938 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $94,401$99,488
I-9 Program service revenuePrior year $1,083,468$1,067,663
I-10 Investment incomePrior year $1,250$787
I-11 Other revenuePrior year $191$0
I-12 Total revenuePrior year $1,179,310$1,167,938
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,380,732$1,333,825
I-18 Total expensesPrior year $1,380,732$1,333,825
I-19 Revenue less expensesPrior year −$201,422−$165,887
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,167,938 across 5 lines filed
VIII-1e Government grants$99,488
VIII-1h Total contributions, gifts and grants$99,488
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,067,663$1,067,663
VIII-3 Investment incomeExcluded from tax $787$787
VIII-12 Total revenueRelated to mission $1,067,663 · Unrelated business $0 · Excluded from tax $787$1,167,938
Part IX · Statement of functional expenses $1,333,825 across 10 lines filed
IX-11a Management feesPrograms $142,357$142,357
IX-11b Legal feesPrograms $126$126
IX-11c Accounting feesManagement $34,360$34,360
IX-13 Office expensesPrograms $22,758$22,758
IX-16 OccupancyPrograms $115,704$115,704
IX-20 InterestPrograms $309,681$309,681
IX-22 Depreciation, depletion and amortizationPrograms $277,722$277,722
IX-23 InsurancePrograms $76,138$76,138
IX-24 Other expenses (24a–d)Programs $222,602$222,602
IX-24e All other expensesPrograms $126,626 · Management $5,751$132,377
IX-25 Total functional expensesPrograms $1,293,714 · Management $40,111 · Fundraising $0$1,333,825
Part X · Balance sheet $8,293,983 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $92,004$65,099
X-2 Savings and temporary cash investmentsStart of year $437,592$447,140
X-4 Accounts receivableStart of year $14,405$40,706
X-9 Prepaid expenses and deferred chargesStart of year $54,498$55,154
X-10c Land, buildings and equipment, netStart of year $7,712,378$7,441,370
X-14 Intangible assetsStart of year $251,229$244,514
X-16 Total assetsStart of year $8,562,106$8,293,983
X-17 Accounts payable and accrued expensesStart of year $52,962$55,303
X-19 Deferred revenueStart of year $8,058$21,673
X-25 Other liabilitiesStart of year $294,202$293,655
X-26 Total liabilitiesStart of year $10,324,800$10,222,564
X-27 Net assets without donor restrictionsStart of year −$1,762,694−$1,928,581
X-32 Total net assets or fund balancesStart of year −$1,762,694−$1,928,581
X-33 Total liabilities and net assetsStart of year $8,562,106$8,293,983
Part XI · Reconciliation of net assets −$1,928,581 net assets at year end
XI-1 Total revenue$1,167,938
XI-2 Total expenses$1,333,825
XI-3 Revenue less expenses−$165,887
XI-4 Net assets at start of year−$1,762,694
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,928,581

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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