Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1988.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
93 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
10 people listed on the 990; $16K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2021 | FY2020 |
|---|---|---|
| Mary Andrews | $6,000 | $15,570 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds affordable homes and offers community programs for students and residents.
Questions for Phi Omega Incorporated
Your first name shows with your question. Phi Omega Incorporated answers here, for everyone.
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Provide quality affordable housing to citizens of the community, including a community center. The community center is used for various community functions such as educational workshop for middle and high school students.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $16K | $28K |
| InvestmentsLn 11–13 | $197K | $215K |
| Land, buildings, equipmentLn 10c | $339K | $269K |
| Total assetsLn 16 | $553K | $512K |
| LiabilitiesLn 26 | $165K | $133K |
| Net assetsLn 32 | $388K | $379K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Management feesLn 11a | $16K | $0 | $16K | $0 |
| Accounting feesLn 11c | $2K | $0 | $2K | $0 |
| Office expensesLn 13 | $1K | $0 | $1K | $0 |
| InterestLn 20 | $673 | $673 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $97K | $97K | $0 | $0 |
| InsuranceLn 23 | $12K | $12K | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $136K | $136K | $0 | $0 |
| All other expensesLn 24e | $220 | $220 | $0 | $0 |
| Total functional expensesLn 25 | $265K | $246K | $19K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $244K | $204K | $40K | $533K | 990 PDF |
| FY2023 | $233K | $175K | $58K | $493K | 990 PDF |
| FY2022 | $252K | $218K | $34K | $434K | 990 PDF |
| FY2021 | $251K | $230K | $21K | $400K | 990 PDF |
| FY2020 Viewing | $258K | $265K | −$7K | $379K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $257,574 revenue, 12 lines filed
Part VI · Governance 9 of 10 board members independent, 1 to look at
Part VIII · Statement of revenue $257,574 across 5 lines filed
Part IX · Statement of functional expenses $264,574 across 8 lines filed
Part X · Balance sheet $512,260 assets, 9 lines filed
Part XI · Reconciliation of net assets $378,957 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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