Civic Intelligence

Trinity Manor Inc.

990 • Fiscal year 2019 • EIN 30-0169881

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 29, 2020

PO Box 7070Pasadena, CA 91109

(323) 258-3512

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.57x

Higher debt load relative to assets than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

3.73x

Higher debt load relative to revenue than 93% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

49th percentile

2.7%

Faster asset growth than 49% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

9.0%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$8,789,421

Up $230,082 (+2.7%) from 2018

Net Assets

Up

$3,821,765

Up $280,797 (+7.9%) from 2018

Liabilities

Down

$4,967,656

Down $50,715 (-1.0%) from 2018

Revenue

Up

$1,332,756

Up $110,494 (+9.0%) from 2018

Expenses

Up

$1,051,959

Up $27,256 (+2.7%) from 2018

Net Income

Up

$280,797

Up $83,238 (+42%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2013: $4,759,525Liabilities 2013: $1,950,766Net Assets 2013: $2,808,7592013Assets 2014: $4,540,025Liabilities 2014: $1,605,662Net Assets 2014: $2,934,3632014Assets 2015: $8,379,037Liabilities 2015: $5,302,365Net Assets 2015: $3,076,6722015Assets 2016: $8,369,901Liabilities 2016: $5,200,326Net Assets 2016: $3,169,5752016Assets 2017: $8,451,721Liabilities 2017: $5,108,312Net Assets 2017: $3,343,4092017Assets 2018: $8,559,339Liabilities 2018: $5,018,371Net Assets 2018: $3,540,9682018Assets 2019: $8,789,421Liabilities 2019: $4,967,656Net Assets 2019: $3,821,7652019Assets 2020: $9,380,080Liabilities 2020: $4,830,060Net Assets 2020: $4,550,0202020Assets 2021: $10,492,886Liabilities 2021: $4,743,667Net Assets 2021: $5,749,2192021Assets 2022: $11,616,862Liabilities 2022: $4,657,774Net Assets 2022: $6,959,0882022Assets 2023: $13,359,518Liabilities 2023: $4,522,680Net Assets 2023: $8,836,8382023Assets 2024: $15,247,347Liabilities 2024: $4,415,961Net Assets 2024: $10,831,3862024

Highlighted filing

2019

Assets$8,789,421
Liabilities$4,967,656
Net Assets$3,821,765

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2013: $1,106,723Expenses 2013: $1,008,447Net Income 2013: $98,2762013Revenue 2014: $1,125,964Expenses 2014: $1,000,360Net Income 2014: $125,6042014Revenue 2015: $1,124,294Expenses 2015: $981,985Net Income 2015: $142,3092015Revenue 2016: $1,121,879Expenses 2016: $1,028,976Net Income 2016: $92,9032016Revenue 2017: $1,171,443Expenses 2017: $997,609Net Income 2017: $173,8342017Revenue 2018: $1,222,262Expenses 2018: $1,024,703Net Income 2018: $197,5592018Revenue 2019: $1,332,756Expenses 2019: $1,051,959Net Income 2019: $280,7972019Revenue 2020: $1,836,463Expenses 2020: $1,108,208Net Income 2020: $728,2552020Revenue 2021: $2,353,687Expenses 2021: $1,154,488Net Income 2021: $1,199,1992021Revenue 2022: $2,405,992Expenses 2022: $1,196,123Net Income 2022: $1,209,8692022Revenue 2023: $3,155,876Expenses 2023: $1,278,126Net Income 2023: $1,877,7502023Revenue 2024: $3,318,011Expenses 2024: $1,323,463Net Income 2024: $1,994,5482024

Highlighted filing

2019

Revenue$1,332,756
Expenses$1,051,959
Net Income$280,797
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 29, 2020
Return Version
2019v5.0
Gross Receipts
$1,332,756
Mission and Program Overview

Mission

To operate a federally subsidized apartment complex of 100 units to low income elderly (62 years of age or older) persons under hud programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,895,932$5,231,757▼ $664,175
Land, Buildings, and Equipment, Net$1,784,356$2,057,053▲ $272,697
Investments in Publicly Traded Securities-$444,376-
Cash and Non-Interest-Bearing Accounts$300$167,755▲ $167,455
Intangible Assets$102,339$99,090▼ $3,249
Prepaid Expenses and Deferred Charges$36,762$36,891▲ $129
Accounts Receivable$15,823$15,922▲ $99
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Total Assets$8,559,339$8,789,421▲ $230,082
Other Assets Total$723,827$736,577▲ $12,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,930,504$4,837,448▼ $93,056
Accounts Payable and Accrued Expenses$60,109$101,792▲ $41,683
Other Liabilities$27,758$28,416▲ $658
Total Liabilities$5,018,371$4,967,656▼ $50,715
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,540,968$3,821,765▲ $280,797
Total Net Assets Fund Balance$3,540,968$3,821,765▲ $280,797
Total Liabilities and Net Assets / Fund Balance$8,559,339$8,789,421▲ $230,082

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,535,357$3,485,589$5,020,946
Equipment$256,216$59,079$315,295
Land$250,000-$250,000
Other Land Buildings-$54,635$54,635
Leasehold Improvements$15,480$17,849$33,329
Other Assets Org$710,868--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Emil J WohlPresident
Al DeberardinisDirector
Drew HubbellDirector
James a ChatfieldDirector
Michael GibsonDirector
Robert RenttoSecretary/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,191,216
Investment Income
$141,540
Other Revenue
$0
Change in Net Assets
$280,797

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,332,756
Total Revenue per Audited Statements
$1,332,756
Total Revenue per Form 990
$1,332,756
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$774,195
Salaries, Compensation, and Employee Benefits$277,764
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$114,666$99,926-$214,592
Interest$152,511--$152,511
Depreciation Depletion$97,961--$97,961
Fees for Services Management-$75,800-$75,800
Insurance$54,652--$54,652
Other Employee Benefits$25,294$22,043-$47,337
Fees for Services Other-$30,598-$30,598
Payroll Taxes$8,461$7,374-$15,835
Other Expenses$2,050$13,315-$15,365
Office Expenses-$8,292-$8,292
Advertising-$175-$175
Total Functional Expenses$770,388$281,571$0$1,051,959

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,051,959
Total Expenses per Audited Statements$1,051,959
Total Expenses per Form 990$1,051,959
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Liability$28,416
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

Emil j. Wohl (president) is the son-in-law of robert l. Rentto (secretary).

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

The organization delegated accounting and payroll duties to a management company

Form 990, Part VI, Line 11B: Form 990 Review Process

A pdf is sent to the board of directors by email for review prior to obtaining the president's signature and filing.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, policies, and financial statements are made available upon request to the management office as listed on page 1

Filing and Contact Details

Filer

Filer Name
Trinity Manor Inc
EIN
30-0169881
Phone
3232583512
Address
PO BOX 7070, PASADENA, CA 91109

Signing Officer

Name
Emil J Wohl
Title
President
Signed
2020-06-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Emil J Wohl
Formed
2004
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
6
Employees
4
Volunteers
6

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108-3820
Preparer
Jenny Kikuno
Phone
6192947200
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2019, 2018, 2017, and 2016 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.

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IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01191216
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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIABILITY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is a nonprofit organization and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Corporation believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. The Corporation is not a private foundation.The Corporations Return of Organization Exempt from Income Tax for the years ended December 31, 2019, 2018, 2017, and 2016 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EMIL J. WOHL (PRESIDENT) IS THE SON-IN-LAW OF ROBERT L. RENTTO (SECRETARY).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DELEGATED ACCOUNTING AND PAYROLL DUTIES TO A MANAGEMENT COMPANY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A PDF IS SENT TO THE BOARD OF DIRECTORS BY EMAIL FOR REVIEW PRIOR TO OBTAINING THE PRESIDENT'S SIGNATURE AND FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST TO THE MANAGEMENT OFFICE AS LISTED ON PAGE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0GRACE TOWER INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1CATHEDRAL ARMS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2GLD HOUSING INC
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