TRINITY PLACE APARTMENTS INC

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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

1982

Legal Domicile

Principal Officer

RICK SALVO

Phone

5124591000

Tax Period

2019-01-01 to 2019-12-31

TRINITY PLACE APARTMENTS INC, founded in 1982, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2019. Revenue surged 407% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.1M, a strong 93% operating margin.

Mission

TO PROVIDE LOW COST HOUSING TO THE ELDERLY AND HANDICAPPED PERSONS

Program Service Accomplishments

Program 1

Expenses: $189,034 Revenue: $189,638

TRINITY PLACE IS A COMFORTABLE, CONVENIENT AND CARING COMMUNITY (68-UNIT APARTMENT) FOR THE ELDERLY AND HANDICAPPED WHO QUALIFY FOR THE HUD 202/8 PROGRAM IN ROUND ROCK, TEXAS. THE GARDEN APARTMENTS ARE EQUIPPED WITH INDIVIDUAL CENTRAL HEATING AND AIR CONDITIONING SYSTEMS, SOME FLOORING OPTIONS IN UNITS FOR CARPET OR VINYL PLANKING, REFRIGERATORS AND ELECTRIC RANGES PROVIDED. TEN PERCENT OF THE UNITS ARE SPECIFICALLY PLANNED FOR THE HANDICAPPED. THE LARGE COMMUNITY CENTER PROVIDES FACILITIES FOR RECREATIONAL/SOCIAL ACTIVITIES, SERVCIES AND LEISURE. SPECIAL FEATURES INCLUDE: LIBRARY; GAZEBO AND PARK; GAMEROOM; COMMUNITY CENTER; ARTS, CRAFTS AND HOBBY AREA; AND COIN-OPERATED LAUNDRY ROOM. PERSONS 62 YEARS OF AGE AND OLDER, SINGLE OR MARRIED, AS WELL AS HANDICAPPED OR DISABLED INDIVIDUALS MAY QUALIFY FOR RESIDENCY.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $189,638

Investment Income $3,142,477

Other Revenue $0

TOTAL REVENUE $3,332,115

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,237

Fundraising Expenses $0

Program Expenses $189,034

Other Expenses $145,144

TOTAL EXPENSES $235,381

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,332,115	$657,211	+4.1%
Expenses	$235,381	$600,992	-0.6%
Net Income	$3,096,734	$56,219	+54.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ARMSTRONG	TREASURER	2.00	Officer Director	$0	$0	$0
VINCE BRUNSSEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ELROY HAVERLAH	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL JONES	DIRECTOR	2.00	Director	$0	$0	$0
RICK SALVO	CHAIR	2.00	Officer Director	$0	$0	$0
CATHY ZWERNEMANN	DIRECTOR	2.00	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
2019	$3,332,115	$235,381	$294,838	$3,096,734
2018	$657,211	$600,992	$1,295,609	$56,219