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Trinity Methodist Church Apts INC FY2020 filing

Tax-deductible

Camden, SC501(c)(3)Housing EIN 57-0527027Revenue $431K in FY2020

On file with the IRS401 Church St, 29020-4615 · Camden, SCTax-exempt since Oct 2020Publicly supported — 509(a)(2)

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The organization owns and operates an apartment community located in camden, SC. The community was organized under section 221(d)(3) of the national housing act (as amended) to provide affordable housing for low income families. The organization is an apartment community containing 50 rental units which comprise 96 bedrooms and is based on typical apartment occupancy limits. Trinity Methodist Church apartments INC is home to more than 193 persons when fully occupied. The organization provides rental subsidies to renters. The type of subsidy provided to apartment renters by this property is project based sec 8. This subsidy allows the renter to pay 30% of his or her income for rent while the subsidy pays the difference.

501(c)(3) charity; gifts are tax-deductible.
76¢ 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
4 of 6
filings with a surplus
Average surplus $17K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$609K
130% of total assets
Concern: liabilities are 130% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
Spent
$453K
To programs
76%
Net assets
−$141K
By yearFY2020–FY2025
Revenue
$431K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$431K
FY2021$422K
FY2022$446K
FY2023$440K
FY2024$492K
FY2025$505K
Expenses
$453K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$453K
FY2021$369K
FY2022$409K
FY2023$382K
FY2024$438K
FY2025$584K
Net assets
−$141K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$141K
FY2021−$88K
FY2022−$50K
FY2023$8K
FY2024$62K
FY2025−$17K

From the FY2020 Form 990 (year ending March 2020) · 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. Revoked Aug 2019, reinstated. IRS ruling Oct 2020, per the IRS master file. Latest filing on record: FY2025. IRS ruling in Oct 2020.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $343K Management & general 24% · $110K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Larrye Boykin
Chairperson
$0Pt VII · Sec A
Emily Johnson
Secretary/Treasurer
$0Pt VII · Sec A
Rev Keith Hunter
Pastor Ex-Officio
$0Pt VII · Sec A
James Cooper
Director
$0Pt VII · Sec A
Eric Hodge
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Laura Jones
Director
$0Pt VII · Sec A
See Trinity Methodist Church Apts INC executive salaries →

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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 rental housing and subsidies for low-income families.

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Provided by the organization

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1 program · $343K · in their own filed words · FY2019
01

The organization owns and operates an apartment community located in camden, SC. The community was organized under section 221(d)(3) of the national housing act (as amended) to provide affordable housing for low income families.

$343Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$431K
Ln 12
Gifts and grantsLn 1h$356K
Fees for servicesLn 2g$75K
Other incomeLn 4–11$593
Money outPt IX
$453K
Ln 25
Programscol B$343K
Managementcol C$110K
Owns and owesPt X
−$141K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$468K
LiabilitiesLn 26$609K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$356K
Government grantsLn 1e$356K
Fees for servicesLn 2g$75K
Other incomeLn 4–11$593
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$373K
Other assetsLn 15$10K
Total assetsLn 16$468K
LiabilitiesLn 26$609K
Net assetsLn 32−$141K
OperationsPt I, VI
EmployeesI 52
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$7K
InvestmentsLn 11–13$4K
Land, buildings, equipmentLn 10c$406K$373K
Total assetsLn 16$562K$468K
LiabilitiesLn 26$681K$609K
Net assetsLn 32−$119K−$141K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$44K$44K
Legal feesLn 11b$400$400
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$14K$14K
OccupancyLn 16$267K$267K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$36K$36K
Other expenses (24a–d)Ln 24$43K$43K
Total functional expensesLn 25$453K$343K$110K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $505K$584K−$78K−$17K 990 PDF
FY2024 $492K$438K$54K$62K 990 PDF
FY2023 $440K$382K$58K$8K 990 PDF
FY2022 $446K$409K$37K−$50K 990 PDF
FY2021 $422K$369K$53K−$88K 990 PDF
FY2020 Viewing $431K$453K−$22K−$141K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $431,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $310,162$355,875
I-9 Program service revenuePrior year $201,669$74,873
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$593
I-12 Total revenuePrior year $511,831$431,341
I-13 Grants and similar amounts paidPrior year $6,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,733$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $352,816$453,205
I-18 Total expensesPrior year $406,549$453,205
I-19 Revenue less expensesPrior year $105,282−$21,864
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
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
Part VIII · Statement of revenue $431,341 across 5 lines filed
VIII-1e Government grants$355,875
VIII-1h Total contributions, gifts and grants$355,875
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,873$74,873
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $593$593
VIII-12 Total revenueRelated to mission $74,873 · Unrelated business $0 · Excluded from tax $593$431,341
Part IX · Statement of functional expenses $453,205 across 10 lines filed
IX-11a Management feesManagement $44,026$44,026
IX-11b Legal feesManagement $400$400
IX-11c Accounting feesManagement $7,000$7,000
IX-12 Advertising and promotionPrograms $1,332$1,332
IX-13 Office expensesManagement $14,060$14,060
IX-16 OccupancyPrograms $267,208$267,208
IX-17 TravelManagement $2,135$2,135
IX-22 Depreciation, depletion and amortizationPrograms $38,951$38,951
IX-23 InsurancePrograms $35,528$35,528
IX-24 Other expenses (24a–d)Management $42,565$42,565
IX-25 Total functional expensesPrograms $343,019 · Management $110,186 · Fundraising $0$453,205
Part X · Balance sheet $468,469 assets, 14 lines filed
X-1 Cash, non-interest-bearing$7,261
X-4 Accounts receivableStart of year $154,977$73,331
X-9 Prepaid expenses and deferred chargesStart of year $923$923
X-10c Land, buildings and equipment, netStart of year $406,392$372,710
X-13 Program-related investments$3,750
X-15 Other assetsStart of year $0$10,494
X-16 Total assetsStart of year $562,292$468,469
X-17 Accounts payable and accrued expensesStart of year $43,260$6,165
X-19 Deferred revenue$2,198
X-25 Other liabilitiesStart of year $99$10,385
X-26 Total liabilitiesStart of year $681,052$609,093
X-27 Net assets without donor restrictionsStart of year −$118,760−$140,624
X-32 Total net assets or fund balancesStart of year −$118,760−$140,624
X-33 Total liabilities and net assetsStart of year $562,292$468,469
Part XI · Reconciliation of net assets −$140,624 net assets at year end
XI-1 Total revenue$431,341
XI-2 Total expenses$453,205
XI-3 Revenue less expenses−$21,864
XI-4 Net assets at start of year−$118,760
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$140,624

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

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