Civic Intelligence

Trinity Development Alliance Inc.

990 • Fiscal year 2024 • EIN 84-5160096

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 07, 2025

PO Box 40646Nashville, TN 37204

(615) 202-8049

Siviq Scores

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

Liabilities / Assets

56th percentile

0.28x

Higher debt load relative to assets than 56% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

2.45x

Higher debt load relative to revenue than 89% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

98th percentile

90%

Higher net margin than 98% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

17th percentile

$135,000

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 2.9% of source-year revenue.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

95th percentile

59%

Faster asset growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-62%

Faster revenue growth than 3% of similar nonprofits.

2024 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$40,895,387

Up $15,187,915 (+59%) from 2023

Net Assets

Up

$29,499,176

Up $4,190,878 (+17%) from 2023

Liabilities

Up

$11,396,211

Up $10,997,037 (+2755%) from 2023

Revenue

Down

$4,660,103

Down $7,759,217 (-62%) from 2023

Expenses

Up

$469,226

Up $105,717 (+29%) from 2023

Net Income

Down

$4,190,877

Down $7,864,934 (-65%) from 2023

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2021: $1,555,533Liabilities 2021: $1,702,569Net Assets 2021: -$147,0362021Assets 2022: $11,971,644Liabilities 2022: $1,767,799Net Assets 2022: $10,203,8452022Assets 2023: $25,707,472Liabilities 2023: $399,174Net Assets 2023: $25,308,2982023Assets 2024: $40,895,387Liabilities 2024: $11,396,211Net Assets 2024: $29,499,1762024

Highlighted filing

2024

Assets$40,895,387
Liabilities$11,396,211
Net Assets$29,499,176

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2021: $296,839Expenses 2021: $358,100Net Income 2021: -$61,2612021Revenue 2022: $10,697,363Expenses 2022: $346,482Net Income 2022: $10,350,8812022Revenue 2023: $12,419,320Expenses 2023: $363,509Net Income 2023: $12,055,8112023Revenue 2024: $4,660,103Expenses 2024: $469,226Net Income 2024: $4,190,8772024

Highlighted filing

2024

Revenue$4,660,103
Expenses$469,226
Net Income$4,190,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.2
Gross Receipts
$4,660,103
Mission and Program Overview

Mission

To invest in projects and services that support the long-term future of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$25,308,298$29,499,176▲ $4,190,878
Investments Program Related$7,578,000$21,825,000▲ $14,247,000
Other Notes and Loans Receivable, Net$18,097,349$17,761,929▼ $335,420
Cash and Non-Interest-Bearing Accounts$22,123$24,470▲ $2,347
Accounts Receivable$10,000$2,000▼ $8,000
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$25,707,472$40,895,387▲ $15,187,915
Other Assets Total-$1,281,988-
Liabilities
Mortgage Notes Payable Secured by Investment Property$397,520$10,112,040▲ $9,714,520
Deferred Revenue-$1,281,987-
Other Liabilities$1,654$1,654→ $0
Accounts Payable and Accrued Expenses-$530-
Total Liabilities$399,174$11,396,211▲ $10,997,037
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,308,298$29,499,176▲ $4,190,878
Total Liabilities and Net Assets / Fund Balance$25,707,472$40,895,387▲ $15,187,915
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kirsten DernbachPresidentFT$135,000$135,000

Board Members and Trustees

NameTitle
Catherine EcholsDirector
James SchirmerDirector
Michael HolleSecretary
Savita GuptaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,213,105
Program Service Revenue
$308,179
Investment Income
$138,819
Other Revenue
$0
All Other Contributions
$1,112,105
Change in Net Assets
$4,190,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$317,830
Other Expenses$151,396
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$108,000$27,000-$135,000
Other Salaries and Wages$88,000$22,000-$110,000
Other Employee Benefits$43,200$10,800-$54,000
Advertising$15,528$3,882-$19,410
Payroll Taxes$15,064$3,766-$18,830
Travel$13,874$3,469-$17,343
All Other Expenses$12,382$3,095-$15,477
Office Expenses$9,487$2,372-$11,859
Other Expenses$5,880$1,470-$7,350
Interest$5,489$1,372-$6,861
Fees for Services Legal$3,720$930-$4,650
Fees for Services Accounting$3,683$921-$4,604
Insurance$936$234-$1,170
Conferences and Meetings$360$90-$450
Total Functional Expenses$375,381$93,845$0$469,226
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
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, Section B, Line 11B

The form 990 is provided to the board with time for review and approval.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Trinity Development Alliance Inc
EIN
84-5160096
Phone
6152028049
Address
PO Box 40646, Nashville, TN 37204

Signing Officer

Name
Kirsten Dernbach
Title
President
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kirsten Dernbach
Formed
2020
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
4
Employees
2

Preparer

Firm
Peak Tax Advisors LLC
Address
29805 US Highway 24 Ste A PMB 1010, Buena Vista, CO 81211
Preparer
Taylor Kluttz
Phone
7047966028
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rounding = $1

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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleD/TotalLiabilityAmt01654
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is provided to the board with time for review and approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Rounding = $1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part XI, Line 9
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