Trinity New Hope Inc.
Trinity New Hope Inc.
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About this organization
Revenue
$176,393
Expenses
$159,305
Mission
Trinity New Hope Inc (the 'project') owns and operates 16 single family low income housing units subject to a low income housing tax credit (LIHTC) regulatory agreement and memorandum of restrictive covenants with the Idaho Housing and Financing Association (IHFA) to enforce rent restrictions and periods of affordability. The project is also subject to the Home Investments Partnership Program (HOME) which is administered by the U.S. Department of Housing and Urban Development (HUD), pursuant to 42 USC 3535(d) and 12701 through 12839 and 24 CFR part 92 (the regulations). Under the HOME program, HUD allocated federal funds to participating jurisdictions, such as IHFA, to provide affordable housing to low income persons as defined in 24 CFR 92.2. As a recipient of a portion of those federal funds, IHFA was able to loan money to eligible owners of projects to provide housing for low income persons. Trinity New Hope Inc must adhere to rent restrictions and program guidelines provided by IHFA
About
Affordable housing has been offered in Nampa, ID for the entire year.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “Trinity new hope inc provides clean and affordable housing. the goal is to provide help and hope for those in need”.
When referring to its tasks, they were referred to as: “Trinity new hope inc (the "project")owns and operates 16 single family low income housing units subject to a low income housing tax credit (lihtc) regulatory agreement and memorandum of restrictive covenants with the idaho housing and financing association (ihfa) to enforce rent restrictions and periods of affordability. the project is also subject to the home investments partnership program (home) which is administered by the u.s. department of housing and urban development (hud),pursuant to 42 usc 3535(d) and 12701 through 12839 and 24 cfr part 92 (the regulations). under the home program, hud allocated federal funds to participating jurisdictions, such as ihfa, to provide affordable housing to low income persons as defined in 24 cfr 92.2. as a recipient of a portion of those federal funds, ihfa was able to loan money to eligible owners of projects to provide housing for low income persons. trinity new hope inc must adhere to rent restrictions and program guidelines provided by ihfa”.
- The non-profit's state of operation has been legally reported as ID.
- According to the latest filing, the non-profit's address in 2020 is 8 S MIDLAND BLVD, NAMPA, ID, 83651.
- The total number of employees reported by the non-profit on their form for 2020 is 3.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $17,088.
- The CEO compensation package within the organization is not determined through a thorough evaluation and endorsement by a neutral source.
- The organization elects its board members.
- The organization has 0 independent voting members.
- The organization was formed in 2016.
- The organization has a written policy that addresses conflicts of interest.
- The organization pays $43,529 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.