A Phillips Square EIN 20-1648180

A Phillips Square FY2020 filing

EIN  20-1648180 Public charity (501(c)(3)) Portland, OR Founded 2003
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides homes for families with limited income.
Leadership
Alberta Simmons · President
Money in and out
$145K revenue, $117K expenses
Bottom line
81% program efficiency

Provides homes for families with limited income. For fiscal year 2020 it reported $145K in revenue, $117K in expenses, and $978K in net assets.Pt I

Where the money goes · FY2020
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$978K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $28K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19
Program efficiency
81%
of spending reaches programs
Operating runway
88.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+19%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$145K
FY2020
Expenses
$117K
FY2020
Total assets
$994K
FY2020
Total liabilities
$16K
FY2020
Total revenue
$145K
Pt VIII · Ln 12
Total expenses
$117K
Pt IX · Ln 25
Net assets
$978K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$28K
Total assetsPt X · Ln 16$994K
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $94K of program spending, described in the organization's own filed words · FY2019.
01

The organization provides 18 units of low-income housing under the guidance and oversight of the U.S. Department of housing and urban development.

$94Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CA Phillips Square
EINHdr · item D20-1648180
Principal addressHdr · item CPortland, OR
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2003
State of legal domicileHdr · item MOR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFFeb 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See A Phillips Square executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$83K · 57%
Contributions & grants$62K · 43%
Program service revenue57%$83K
Contributions & grants43%$62K
Investment income$194
— government grantsLn 1e$62K
Total revenueLn 12$145K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19
Program services81%$94K
Management & general19%$23K
Total functional expensesLn 25$117K

Balance Sheet

Part X · end of year
CashLn 1$865K
Total assetsLn 16$994K
Total liabilitiesLn 26$16K
Total net assetsLn 32$978K
Months of cash on handcomputed88.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $865K · Operating expenses/yr $117K
88.6 months
Where the money goes
Program services
Program services $94K · Total expenses $117K
81%
Management & General
Management & general $23K · Total expenses $117K
19%
Fundraising
Fundraising $0 · Total expenses $117K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $62K · Total revenue $145K
43%
Government reliance
Government grants $62K · Total revenue $145K
43%
Earned-income share
Program service revenue $83K · Total revenue $145K
57%
Investment reliance
Investment income $194 · Total revenue $145K
0%
Program self-sufficiency
Program service revenue $83K · Total expenses $117K
71%
Growth & trend
Revenue growth (YoY)
This year $145K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $978K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $145K · Expenses $117K
+19%
Liabilities-to-Assets
Total liabilities — · Total assets $994K
Net-asset ratio
Net assets $978K · Total assets $994K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $994K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Alberta Simmons · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $117K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $117K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Fundraising cost ratio 0%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$162K revenue · ⤓ 990 PDF
FY2023$149K revenue · ⤓ 990 PDF
FY2022$148K revenue · ⤓ 990 PDF
FY2021$155K revenue · ⤓ 990 PDF
FY2020$145K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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