The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-25
TRINITY ASSETS AND INCOME
ALL IT'S CHURCH MORTGAGES
CANCELLED LAST YEAR.
- PaFashca Thns Relieved Real Eatate
Rents. 0sAa.SHs sas0.OOO Bansed
surpaus fer the Wear Report 90 the
survey ef bs Tenemeais Annexed

menes. 0SAa.SHs 0ns0.U0O Bans -
s@Fpsus fer the Wear Report % the
survey % lts Trnements Annexed
bined asssts 90 which are put ~ about
Ns. so. On. had an income IN the year
ended July 81 last 81 ssSS .2SO. AL but
about $1,000 was derived from the real
estate holdings Of the corporation Thes"
and other statistics are given in the Year
Book and Register OF the Parish ~ Trinity
Church. q thick volume oG en- pages
which was given out Yesterday. II -
the second OF its kind that has been got
out.
The financial statement 81 the corpora
ton. says the report. does not include
the collections and contributions from
the several churches % the parish. which
this year amounted to siss sai although
in some Of our chApel- ia the po"rer parts
% the city the offerings are necessarily
small These offerings and contributions
which are devoted tn religious and chart
table and missionary work within and
without the parish. are received and
disburSed by the clergy. under the direc-
ton % the rector. and therefore do not
appear on the hooks ~ the corporation
The magnitude Of Trinity a. a business
corporation is shown from the detailed
report of it's financial transact ions In
ts list 81 receipts appear th. following.
Rents of real estate. s7IS 7is. Jew rents.
which ara collected IN only four Il the
churchs~ 81 the parish and not univ-r-
ally in these. tIs SsI: sales Of rra! estate.
SsI ssS; Trinity Cemetery ,no' the church
yard az the end Of Wall street.. 81. Sa2.
notes which the parish has taken out.
sSoO.,OO With the cash balance with
which the corporation started the year
the receipts aggregated si.i59 30
Trinity spends for the maintenance
% her ten churches and nine schools
including such Items a. church music.
the pay Of the clergy. repairs TO the
buildings. supplies fuel and hight. water
r~uts and insurance, Sass 5I7. IL was
an increase Of SiS.OO over the expenses
for the sam. items m the wear before ,
The cost Of maintaining the real estate I
holdings of the parish outside oi the /
IN urchse ana schools amounted to tGsI
2S2. II cost the parish 81 49, NOR. in I
taN-- and SIS0O NOR" IN INSURANCE. 20
keep - property gong than n did The
year l,sfOre The ciiv taNa.s and water
rates over What the l'-.'s- I,ati arnount.si
To tiSD. los. Hepairs cost about sItpU
The year left the CORPORATION with ts0S as
N the hank. an Increase Of aipOut 81 ~ UsI
over the year previous
The balance sheet for the wear reveals
the wealth 81 th" cprporaton The pro
duCtIv" property. at the taNed va uatton
for 1879 10 set al elS. 0oS SD Bonds and
mortgage ou churches from which
the parish received NO income amount..f
Ia $50. ats. The gross as--ts 81 Trin ~
were SIC. AL go and after the deduction
Of the amounts ~ notes and pther habit
tiles. left net assets. exclusive ~ th. vabi,,
IT churches. ChaUl'-- isshooE aud bury
ing groun ~. Co.,. Dunting 10 ST. ISS s2
Great a. - the value 20 some u the.
land which tn. parish owns and Uses for
church puTpo-s.-. 49, for example thu.
II Trinity church and ~
Paul = chapel. these properties bring
~" par,-h no income Shatsv~T say-
pr. William 7. Manning ~ hi preface
to IN" report. hut arr pu the contrary
a large expense 20 ~ each wear. and their
ma ntenance a. open breathing -paC..-
in which III. public = gwen free acc..--
- an incalculabls benefit Ia the city. quit"
apart from their historic signidcanr.
and their silent witn-s-s.s 10 hi CHER thing
which - an influence that cannot IN. SSH
mated and which No money value cotiii
measure. There ~ probably mn other
parish IN the world which holds for -
hgious purposes without der wing ncom"
from 10 prop~rty ~ such value a. the-..
The amounts ~ IN. mort Cages held
against other churches have been can
csiled since the year book went 10 p7~--
FIFTY eight parishes we're thus relieved
~ their indebtedness 10 Trinity -Thes,.
nays DIR Manning in ms
report, were taken with the pur pos..
NJ guarding against the diversion of ~"
money thus advanced TO other than
shurch uses through the dissolution 81 ,
the parish receiving u or from other
rauses. and this safeguard at IN. time
e vas adopted was a safe and proper one.
since then. DIR. Manning says. comb
lions have changed. chiefly by the enact
IDent Of State laws covering the diver ;
son OF church property. 80 that Trinity
Ielt safe In informing the various churrhs,-
that the mortgage would he cancelled.
, ss~ b@ Z. TS'y svs so' n rial ,S
<r-atest and most real responsibilities :
resting upon IN - the care and manage ,
Dent 81 the dwelling house property q
lwnsd by our parish. Then he rei,"r
\ year ago in which he said that in the q
Of it, property the church :
ought To st M the highest standard Of :
'anltary maintenance.
In pursuance Of this policy" saws ;
~. the COMMITTEES of the ve~try having '
sharge 81 the matter requested the Char J
~ Organization Society last spring
% allow 10 Tenement house COMMITTEES
q aaaast ~ IN our work by making a !
istAiled inspcction Of all the HOUSES AZ :
lrensnt under our control and by giving
~ the benefit Of their expert knowIedge .
md Opinion"
The year book gives a reprint Of what
he Charity Orgnni HAtion SOcisty found out !,
md publiAhed In the SHrrsB ~ shows \
yictursa. too ~ the good and had condi- u
ions that were found. and says that In
he twelve houses now reported ~ in .
nd condition tho defects ara largely q
lefects Of maintenance and the rcapun- .
dhility Tor them cannot always be =
leflnit ely fixed 4
The invest gators found about n third !,
4 the HOUSE, In need % attention. sbut %
N tho average, they reported. they =
re- in the class with buildings In the
icinity and frequently much batter y !,