TRINITY AFFORDABLE HOUSING CORPORA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

PHILIP GUISTOLISE

Phone

3122820309

Tax Period

2024-01-01 to 2024-12-31

TRINITY AFFORDABLE HOUSING CORPORATION, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2024. The organization ran a surplus of $713K, a strong 15% operating margin.

Mission

TO CREATE AND PRESERVE SAFE AND AFFORDABLE HOUSING COMMUNITIES FOR LOW AND MODERATE-INCOME INDIVIDUALS, FAMILIES, THE ELDERLY AND THE DISABLED, AS WELL AS TO PROVIDE SOCIAL AND EDUCATIONAL SERVICES BENEFICIAL TO THE RESIDENTS IN THOSE COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $2,938,998 Revenue: $4,580,500

PROVIDING HOUSING FOR LOW AND MODERATE PERSONS, THE ELDERLY AND DISABLED. OPERATING AN APARTMENT COMPLEX TOTALING 574 UNITS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,580,500

Investment Income $126,407

Other Revenue $0

TOTAL REVENUE $4,706,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $496,920

Fundraising Expenses $0

Program Expenses $2,938,998

Other Expenses $3,497,374

TOTAL EXPENSES $3,994,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,706,907	$4,513,316	+0.0%
Expenses	$3,994,294	$4,697,777	-0.1%
Net Income	$712,613	$-184,461	-4.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$422,400

Total Directors

$449,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORGE MEDEROS	PRESIDENT & TREASURER	40.00	Officer Director	$198,000	$0	$198,000
PHILIP GUISTOLISE	VICE-PRESIDENT	40.00	Officer Director	$158,400	$0	$158,400
ROBERT ALMIRALL	ASSISTANT SECRETARY	40.00	Officer Director	$33,000	$0	$33,000
CAROLYN GUISTOLISE	SECRETARY & ASSISTANT TREA	40.00	Officer Director	$33,000	$0	$33,000
ELIZABETH MEDEROS	BOOKKEEPER	40.00	Director	$27,500	$0	$27,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,706,907	$3,994,294	$27,813,875	$712,613
2023	$4,513,316	$4,697,777	$26,800,491	$-184,461
2022	$5,490,928	$5,236,252	$27,406,133	$254,676
2021	$8,167,693	$5,728,035	$27,521,509	$2,439,658
2020	$5,310,892	$6,083,651	$30,755,456	$-772,759
2019	$4,787,034	$5,381,720	$31,804,935	$-594,686
2018	$9,310,121	$9,659,384	$32,393,168	$-349,263

TRINITY AFFORDABLE HOUSING CORPORATION