TRINITY METHODIST CHURCH APARTMENT INC

EIN: 570527027 501(c)(3) Housing & Shelter

CAMDEN, SC

Total Revenue
$505,362
Total Expenses
$583,809
Total Assets
$385,196
Net Assets
$-16,940
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
SC
Principal Officer
LARRYE BOYKIN
Phone
8035361056
Tax Period
2024-04-01 to 2025-03-31

TRINITY METHODIST CHURCH APARTMENT INC, founded in 1969, is a small nonprofit in the Housing & Shelter sector that reported $505K in total revenue in fiscal year 2024. Expenses of $584K exceeded revenue, resulting in a 16% operating deficit.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $359,139
Program Service Revenue $131,276
Investment Income $490
Other Revenue $14,457
TOTAL REVENUE $505,362

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $388,351
Other Expenses $583,809
TOTAL EXPENSES $583,809

Year-over-Year Comparison

2024 2023 Change
Revenue $505,362 $492,408 +0.0%
Expenses $583,809 $438,473 +0.3%
Net Income $-78,447 $53,935 -2.5%
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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Governance

Voting Members
7
Independent Members
7
Employees
2
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRYE BOYKIN CHAIRPERSON 1.50
Officer Director
$0 $0 $0
EMILY JOHNSON SECRETARY/TREASURER 0.25
Officer Director
$0 $0 $0
REV KEITH HUNTER PASTOR EX-OFFICIO 1.00
Director
$0 $0 $0
JAMES COOPER DIRECTOR 0.00
Director
$0 $0 $0
ERIC HODGE DIRECTOR 0.00
Director
$0 $0 $0
CLAYTON TUCKER DIRECTOR 0.00
Director
$0 $0 $0
LAURA JONES DIRECTOR 0.00
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 $505,362 $583,809 $385,196 $-78,447
2024 $492,408 $438,473 $480,236 $53,935
2023 $440,320 $382,274 $460,834 $58,046
2022 $446,185 $409,117 $462,946 $37,068
2021 $422,046 $368,964 $450,324 $53,082
2020 $431,341 $453,205 $468,469 $-21,864
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