Phoenix House Foundation INC EIN 23-7013149 Form 990 (PDF) Claim this org

Phoenix House Foundation INC

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Heals individuals, families, and communities facing substance use and mental health challenges. For fiscal year 2024 it reported $421K in revenue, $153K in expenses, and $-6.5M in net assets.Pt I

Founded
1968
Type
Public charity (501(c)(3)) · Mental Health
Location
Long Island City, NY
Website
www.phoenixhouse.org
Filings
5 on file (2020–2024)
Revenue
$421KFY2024
Expenses
$153K
Net assets
$-6.5M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  23-7013149 Public charity (501(c)(3)) Long Island City, NY Founded 1968
Form 990 (PDF)
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Size
$100K–1M
What they do
Heals individuals, families, and communities facing substance use and mental health challenges.
Leadership
Tucker F Green · Chairman
Money in and out
$421K revenue, $153K expenses
Bottom line
0% program efficiency
Where the money goes · FY2024
Total revenue
$421K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$-6.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $268K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs
Operating runway
650.7mo
months of highly liquid reserves at operating expense rate▲ +9% vs prior filing year
Surplus margin
+64%
revenue over expenses, this year▲ +11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$421K
FY2024▲ +20%
Expenses
$153K
FY2024▲ +2%
Total assets
$8.3M
FY2024▲ +12%
Total liabilities
$14.8M
FY2024+0.4%
Total revenue
$421K
Pt VIII · Ln 12
Total expenses
$153K
Pt IX · Ln 25
Net assets
$-6.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$268K
Total assetsPt X · Ln 16$8.3M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPhoenix House Foundation INC
EINHdr · item D23-7013149
Principal addressHdr · item CLong Island City, NY
WebsiteHdr · item Jwww.phoenixhouse.org
Year of formationHdr · item L1968
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F200)
Ruling yearIRS BMFSep 1968

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Phoenix house foundation provides administrative services to its operating affiliates in ten states. These services enable phoenix house foundation together with its affiliates to achieve its mission results by operating approximately 114 treatment programs across ten states plus the district of columbia, serving more than 13,000 men…

Pt IX · col B

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Statement of Revenue

Part VIII
Investment income$310K · 74%
Other revenue$111K · 26%
Investment income74%$310K
Other revenue26%$111K
Total revenueLn 12$421K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$153K
Total functional expensesLn 25$153K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$8.3M
Total liabilitiesLn 26$14.8M
Total net assetsLn 32$-6.5M
Months of cash on handcomputed142.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.3M · Operating expenses/yr $153K
650.7 months
Where the money goes
Program services
Program services $0 · Total expenses $153K
0%
Management & General
Management & general $153K · Total expenses $153K
100%
Fundraising
Fundraising $0 · Total expenses $153K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $254K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $421K
0%
Government reliance
Government grants — · Total revenue $421K
Earned-income share
Program service revenue $0 · Total revenue $421K
0%
Investment reliance
Investment income $310K · Total revenue $421K
+74%
Program self-sufficiency
Program service revenue $0 · Total expenses $153K
0%
Growth & trend
Revenue growth (YoY)
This year $421K · Prior year $351K
+20%
Revenue CAGR
FY2019 $966K · FY2024 $421K
-15%
Net-asset trend (YoY)
End of year $-6.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $421K · Expenses $153K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $8.3M
Net-asset ratio
Net assets $-6.5M · Total assets $8.3M
-78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $6.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.3M
78%
People & payroll
Highest Reported Total Compensation
Individual Tucker F Green · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $153K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $153K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth 20%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$10K

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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$351K revenue · ⤓ 990 PDF
FY2023$1.6M revenue · ⤓ 990 PDF
FY2022$945K revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF
FY2020$966K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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