Trinity Development Alliance INC EIN 84-5160096 Form 990 (PDF) Claim this org

Trinity Development Alliance INC FY2021 filing

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Funds projects and services to ensure affordable housing for the future. For fiscal year 2021 it reported $297K in revenue, $358K in expenses, and $-147K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Nashville, TN
Filings
4 on file (2021–2021)
Revenue
$297KFY2021
Expenses
$358K
Net assets
$-147K
People
5
Filings
4
Updates
0
More identity details & actions ⌄
EIN  84-5160096 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/25/26 · see original: 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/Director · $98K
Money in and out
$297K revenue, $358K expenses
Bottom line
80% program efficiency
Where the money goes · FY2021
Total revenue
$297K
Pt VIII · Ln 12
Total expenses
$358K
Pt IX · Ln 25
Net assets
$-147K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$61K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.20
Program efficiency
80%
of spending reaches programs
Operating runway
15.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-21%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$297K
FY2021
Expenses
$358K
FY2021
Total assets
$1.6M
FY2021
Total liabilities
$1.7M
FY2021
Total revenue
$297K
Pt VIII · Ln 12
Total expenses
$358K
Pt IX · Ln 25
Net assets
$-147K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$61K
Total assetsPt X · Ln 16$1.6M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 44

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
President/Director
$98,230Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kirsten Dernbach’s $135K as President is at the 65th percentile of top reported officer pay among 3864 $1–10M 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 · 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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Mission & Programs · Part III

Where the work happens

1 program service account for $286K of program spending, described in the organization's own filed words · FY2021.
01

In 2021, tda partnered to create 108 multi-family units and set in motion plans to preserve and rehabilitate 250 more. We have developed affordable fair housing annual advertising plans for 150 properties and provided resident services for 3 properties.

$286Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue$196K · 66%
Contributions & grants$101K · 34%
Program service revenue66%$196K
Contributions & grants34%$101K
— government grantsLn 1e$101K
Total revenueLn 12$297K

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%$286K
Management & general20%$72K
Total functional expensesLn 25$358K

Balance Sheet

Part X · end of year
CashLn 1$452K
Total assetsLn 16$1.6M
Total liabilitiesLn 26$1.7M
Total net assetsLn 32$-147K
Months of cash on handcomputed15.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $452K · Operating expenses/yr $358K
15.1 months
Where the money goes
Program services
Program services $286K · Total expenses $358K
80%
Management & General
Management & general $72K · Total expenses $358K
20%
Fundraising
Fundraising $0 · Total expenses $358K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $101K · Total revenue $297K
34%
Government reliance
Government grants $101K · Total revenue $297K
34%
Earned-income share
Program service revenue $196K · Total revenue $297K
66%
Investment reliance
Investment income $0 · Total revenue $297K
0%
Program self-sufficiency
Program service revenue $196K · Total expenses $358K
55%
Growth & trend
Revenue growth (YoY)
This year $297K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $-147K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $297K · Expenses $358K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $1.6M
Net-asset ratio
Net assets $-147K · Total assets $1.6M
-9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kirsten Dernbach · Reported title PRESIDENT/DIRECTOR · Highest reported compensation $98K · Total expenses $358K
27%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $299K · Total expenses $358K
84%
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%
Legal fee ratio 3%

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

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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