Trinity Development Alliance INC EIN 84-5160096

Trinity Development Alliance INC

EIN  84-5160096 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/25/26 · see original filing: IRS
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Size
$1–10M
What they do
Funds projects and services to ensure affordable housing for the future.
Leadership
Kirsten Dernbach · President · $135K
Money in and out
$4.7M revenue, $469K expenses
Bottom line
80% program efficiency

Funds projects and services to ensure affordable housing for the future. For fiscal year 2024 it reported $4.7M in revenue, $469K in expenses, and $29.5M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$4.7M
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$29.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $4.2M
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs0% vs prior filing year
Operating runway
0.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+90%
revenue over expenses, this year▼ -7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$4.7M
FY2024▼ -62%
Expenses
$469K
FY2024▲ +29%
Total assets
$40.9M
FY2024▲ +59%
Total liabilities
$11.4M
FY2024▲ ×29
Total revenue
$4.7M
Pt VIII · Ln 12
Total expenses
$469K
Pt IX · Ln 25
Net assets
$29.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$4.2M
Total assetsPt X · Ln 16$40.9M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $375K of program spending, described in the organization's own filed words · FY2024.
01

In 2024, TDA partnered to create 78 multi-family units and developed affordable fair housing annual advertising plans for 125 properties and provided resident services for 9 properties

$375Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTrinity Development Alliance INC
EINHdr · item D84-5160096
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b4
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
$135,000Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Kirsten Dernbach$135,000$126,900
Kirsten Dernbach$126,900$126,900$98,230
Melinda Taylor$47,567
Melinda Taylor$47,567

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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Statement of Revenue

Part VIII
Contributions & grants$4.2M · 90%
Program service revenue$308K · 7%
Investment income$139K · 3%
Contributions & grants90%$4.2M
Program service revenue7%$308K
Investment income3%$139K
Total revenueLn 12$4.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.20
Program services80%$375K
Management & general20%$94K
Total functional expensesLn 25$469K

Balance Sheet

Part X · end of year
CashLn 1$24K
Total assetsLn 16$40.9M
Total liabilitiesLn 26$11.4M
Total net assetsLn 32$29.5M
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $24K · Operating expenses/yr $469K
0.6 months
Where the money goes
Program services
Program services $375K · Total expenses $469K
80%
Management & General
Management & general $94K · Total expenses $469K
20%
Fundraising
Fundraising $0 · Total expenses $469K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3.9M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $4.2M · Total revenue $4.7M
90%
Government reliance
Government grants — · Total revenue $4.7M
Earned-income share
Program service revenue $308K · Total revenue $4.7M
7%
Investment reliance
Investment income $139K · Total revenue $4.7M
+3%
Program self-sufficiency
Program service revenue $308K · Total expenses $469K
66%
Growth & trend
Revenue growth (YoY)
This year $4.7M · Prior year $12.4M
-62%
Net-asset trend (YoY)
End of year $29.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.7M · Expenses $469K
+90%
Liabilities-to-Assets
Total liabilities — · Total assets $40.9M
Net-asset ratio
Net assets $29.5M · Total assets $40.9M
72%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $40.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Kirsten Dernbach · Reported title President · Highest reported compensation $135K · Total expenses $469K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $318K · Total expenses $469K
68%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 20%
Fundraising cost ratio 0%
Revenue growth -62%
Investment management fee ratio 0%
Legal fee ratio 1%
Accounting fee ratio 1%
Fundraising fee ratio 0%

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.

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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)$4.7M revenue · viewing · ⤓ 990 PDF
FY2023$12.4M revenue · ⤓ 990 PDF
FY2022$10.7M revenue · ⤓ 990 PDF
FY2021$297K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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