Civic Intelligence

Trinity Terrace Inc

990 • Fiscal year 2015 • EIN 52-2293450

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

11400 Rockville Pike /Rockville, MD 20852

(301) 493-6000

Siviq Scores

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

Liabilities / Assets

44th percentile

0.07x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

79th percentile

0.62x

Higher debt load relative to revenue than 79% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$342,300

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 63.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

28th percentile

-3.6%

Faster asset growth than 28% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

36th percentile

-1.6%

Faster revenue growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,857,742

Down $182,632 (-3.6%) from 2014

Net Assets

Down

$4,524,786

Down $153,736 (-3.3%) from 2014

Liabilities

Down

$332,956

Down $28,896 (-8.0%) from 2014

Revenue

Down

$541,352

Down $8,931 (-1.6%) from 2014

Expenses

Up

$695,088

Up $17,098 (+2.5%) from 2014

Net Income

Down

-$153,736

Down $26,029 (-20%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,637,008Liabilities 2010: $419,523Net Assets 2010: $5,217,4852010Assets 2011: $5,492,066Liabilities 2011: $404,544Net Assets 2011: $5,087,5222011Assets 2012: $5,342,815Liabilities 2012: $395,566Net Assets 2012: $4,947,2492012Assets 2013: $5,163,041Liabilities 2013: $356,812Net Assets 2013: $4,806,2292013Assets 2014: $5,040,374Liabilities 2014: $361,852Net Assets 2014: $4,678,5222014Assets 2015: $4,857,742Liabilities 2015: $332,956Net Assets 2015: $4,524,7862015Assets 2016: $4,769,447Liabilities 2016: $352,978Net Assets 2016: $4,416,4692016Assets 2017: $4,585,048Liabilities 2017: $326,504Net Assets 2017: $4,258,5442017Assets 2018: $4,468,451Liabilities 2018: $384,793Net Assets 2018: $4,083,6582018Assets 2019: $4,291,692Liabilities 2019: $348,690Net Assets 2019: $3,943,0022019Assets 2020: $4,229,478Liabilities 2020: $352,286Net Assets 2020: $3,877,1922020Assets 2021: $4,155,989Liabilities 2021: $365,073Net Assets 2021: $3,790,9162021Assets 2022: $4,048,531Liabilities 2022: $369,795Net Assets 2022: $3,678,7362022Assets 2023: $4,614,112Liabilities 2023: $940,503Net Assets 2023: $3,673,6092023Assets 2024: $4,452,440Liabilities 2024: $714,143Net Assets 2024: $3,738,2972024

Highlighted filing

2015

Assets$4,857,742
Liabilities$332,956
Net Assets$4,524,786

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $658,9082010Revenue 2011: $533,056Expenses 2011: $663,019Net Income 2011: -$129,9632011Expenses 2012: $678,7972012Revenue 2013: $541,361Expenses 2013: $682,381Net Income 2013: -$141,0202013Revenue 2014: $550,283Expenses 2014: $677,990Net Income 2014: -$127,7072014Revenue 2015: $541,352Expenses 2015: $695,088Net Income 2015: -$153,7362015Revenue 2016: $585,743Expenses 2016: $694,060Net Income 2016: -$108,3172016Revenue 2017: $568,964Expenses 2017: $726,889Net Income 2017: -$157,9252017Revenue 2018: $571,001Expenses 2018: $745,887Net Income 2018: -$174,8862018Revenue 2019: $651,952Expenses 2019: $792,608Net Income 2019: -$140,6562019Revenue 2020: $754,585Expenses 2020: $820,395Net Income 2020: -$65,8102020Revenue 2021: $859,498Expenses 2021: $945,774Net Income 2021: -$86,2762021Revenue 2022: $968,514Expenses 2022: $1,080,694Net Income 2022: -$112,1802022Revenue 2023: $1,010,689Expenses 2023: $1,015,816Net Income 2023: -$5,1272023Revenue 2024: $1,061,275Expenses 2024: $985,286Net Income 2024: $75,9892024

Highlighted filing

2015

Revenue$541,352
Expenses$695,088
Net Income-$153,736
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$541,352
Mission and Program Overview

Mission

Affordable housing and services

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,738,250$4,577,796▼ $160,454
Cash and Non-Interest-Bearing Accounts$61,103$47,631▼ $13,472
Prepaid Expenses and Deferred Charges-$2,832-
Accounts Receivable$10,607$1,116▼ $9,491
Savings and Temporary Cash Investments-$0-
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-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,040,374$4,857,742▼ $182,632
Other Assets Total$230,414$228,367▼ $2,047
Liabilities
Mortgage Notes Payable Secured by Investment Property$291,143$261,309▼ $29,834
Accounts Payable and Accrued Expenses$35,177$36,701▲ $1,524
Other Liabilities$33,757$32,789▼ $968
Deferred Revenue$1,775$2,157▲ $382
Total Liabilities$361,852$332,956▼ $28,896
Net Assets / Fund Balance
Unrestricted Net Assets$4,678,522$4,524,786▼ $153,736
Total Net Assets Fund Balance$4,678,522$4,524,786▼ $153,736
Total Liabilities and Net Assets / Fund Balance$5,040,374$4,857,742▼ $182,632

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,515,917$1,708,293-
Other Land Buildings$897$159,623-
Land$38,664--
Equipment-$7,189-
Leasehold Improvements$22,318$34,214-
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$541,199
Investment Income
$153
Other Revenue
$0
Change in Net Assets
$-153,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$577,642
Salaries, Compensation, and Employee Benefits$117,446
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$160,456--$160,456
Other Salaries and Wages$78,304--$78,304
Fees for Services Management-$43,685-$43,685
All Other Expenses$37,490$3,024-$40,514
Other Employee Benefits$28,929--$28,929
Other Expenses$25,951--$25,951
Payroll Taxes$10,213--$10,213
Fees for Services Accounting-$9,300-$9,300
Interest$5,226--$5,226
Office Expenses$4,153--$4,153
Fees for Services Other$3,822--$3,822
Fees for Services Legal$2,709--$2,709
Advertising$888--$888
Travel$260--$260
Total Functional Expenses$639,079$56,009$0$695,088
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
Resident Security Deposits$24,631
Accrued Interest Payable$5,226
Misc Long-term Liabilities$2,006
Misc Current Liabilities$926
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Draft of form 990 is given to board members for review and approval prior to filing.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Not applicable -- no employees

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

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Trinity Terrace Inc
EIN
52-2293450
Phone
3014936000
Address
11400 ROCKVILLE PIKE /, ROCKVILLE, MD 20852

Signing Officer

Name
James A Brown Jr
Title
President
Signed
2015-11-16

Organization Details

Formed
2000
Legal Domicile
Md
Voting Board Members
7
Independent Board Members
5
Employees
0
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02832
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0AFFORDABLE HOUSING
IRS990/ProgramServiceRevenueGrp/Desc1Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc2MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0213040
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1317259
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0213040
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1317259
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210900
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0175
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0567135
IRS990/PYProgramServiceRevenueAmt0550108
IRS990/PYRevenuesLessExpensesAmt0-127707
IRS990/PYSalariesCompEmpBnftPaidAmt0110855
IRS990/PYTotalExpensesAmt0677990
IRS990/PYTotalRevenueAmt0550283
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-153736
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0153
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0175
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0228
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0685
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01643
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0530299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0531535
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0530109
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0529966
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0527543
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02649452
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0153
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0228
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0685
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01643
IRS990ScheduleA/InvestmentIncomeCYPct00.00060
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010900
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt018573
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt011024
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt08156
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04828
IRS990ScheduleA/OtherIncome509Grp/TotalAmt053481
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97960
IRS990ScheduleA/PublicSupportPY509Pct00.98120
IRS990ScheduleA/PublicSupportTotal509Amt02649452
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0530299
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0531535
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0530109
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0529966
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0527543
IRS990ScheduleA/Total509Grp/TotalAmt02649452
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0541352
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0550283
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0541361
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0538524
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0533056
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02704576
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt04515917
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01708293
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06224210
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07189
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt07189
IRS990ScheduleD/LandGrp/BookValueAmt038664
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt038664
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt022318
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt034214
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt056532
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0897
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0159623
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0160520
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05226
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22006
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt324631
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MISC CURRENT LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MISC LONG-TERM LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04577796
IRS990ScheduleD/TotalLiabilityAmt032789
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990ScheduleJ/RebuttablePresumptionProcInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0342300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1151804
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2185736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES A BROWN JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JEFFREY BLACKWELL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOHN D SPENCER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASST SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Vice President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0342300

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.45$0.71$3.74$1.06$0.99$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.61$0.94$3.67$1.01$1.02$0.01
2022Detailed filing. Detailed filing data is available for this year.$4.05$0.37$3.68$0.97$1.08$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.16$0.37$3.79$0.86$0.95$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.35$3.88$0.75$0.82$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.29$0.35$3.94$0.65$0.79$0.14
2018Detailed filing. Detailed filing data is available for this year.$4.47$0.38$4.08$0.57$0.75$0.17
2017Detailed filing. Detailed filing data is available for this year.$4.59$0.33$4.26$0.57$0.73$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.77$0.35$4.42$0.59$0.69$0.11
2015Detailed filing. Detailed filing data is available for this year.$4.86$0.33$4.52$0.54$0.70$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.04$0.36$4.68$0.55$0.68$0.13
2013Summary only. Only limited summary data is available for this year.$5.16$0.36$4.81$0.54$0.68$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$0.40$4.95$0.68
2011Summary only. Only limited summary data is available for this year.$5.49$0.40$5.09$0.53$0.66$0.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.64$0.42$5.22$0.66