TRINITY HOUSE APARTMENTS INC

EIN: 521911953 501(c)(3) Human Services

Timonium, MD

Total Revenue
$1,280,078
Total Expenses
$1,085,554
Total Assets
$3,196,564
Net Assets
$-3,291,553
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MD
Principal Officer
William J McCarthy Jr
Phone
6676003216
Tax Period
2023-07-01 to 2024-06-30

TRINITY HOUSE APARTMENTS INC, founded in 1994, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 15% operating margin.

Mission

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $909,902
Program Service Revenue $361,921
Investment Income $8,255
Other Revenue $0
TOTAL REVENUE $1,280,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $308,891
Fundraising Expenses $0
Program Expenses $1,017,673
Other Expenses $776,663
TOTAL EXPENSES $1,085,554

Year-over-Year Comparison

2023 2022 Change
Revenue $1,280,078 $767,574 +0.7%
Expenses $1,085,554 $954,960 +0.1%
Net Income $194,524 $-187,386 -2.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
9
Employees
N/A
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
3
$794,476
Total Directors
12
$528,560
Key Employees
2
$453,849
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
William J McCarthy Jr Secretary 1
Officer Director
$0 $72,031 $528,560
Sarah I Beckwith Treasurer 1
Officer
$0 $47,524 $265,916
Ashley Valis Chief Operating Officer 1
Key Emp
$0 $23,793 $264,136
Mary Choplick Director Senior Communities 1
Key Emp
$0 $42,425 $189,713
Tamla A Olivier Director 1
Director
$0 $0 $0
Archbishop William E Lori Chairman 1
Director
$0 $0 $0
Theresa D Becks Director 1
Director
$0 $0 $0
John Stanton Director 1
Director
$0 $0 $0
Most Rev Adam Parker Director 1
Director
$0 $0 $0
Pamela W Gray Director 1
Director
$0 $0 $0
Natalie McSherry Director 1
Director
$0 $0 $0
Daniel Rizzo President 1
Officer Director
$0 $0 $0
Michael Bison Director 1
Director
$0 $0 $0
Marc Wyatt Director 1
Director
$0 $0 $0
Aileen Eskildsen Director 1
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $1,280,078 $1,085,554 $3,196,564 $194,524
2023 $767,574 $954,960 $2,946,061 $-187,386
2022 $824,104 $997,951 $3,023,311 $-173,847
2021 $772,059 $939,982 $3,152,662 $-167,923
2020 $771,840 $874,186 $3,551,303 $-102,346
2019 $765,776 $911,492 $3,472,068 $-145,716
2018 $753,072 $886,447 $3,763,561 $-133,375
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