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Phoenix Homes for Elderly INC

Tax-deductible

Morristown, TN501(c)(3)HousingEIN 58-2207174

Housing for low-income elderly

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $42K a year · 24% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
202% of total assets
Concern: liabilities are 202% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$183K
+10% vs prior year
Spent
$240K
To programs
100%
Net assets
−$800K
By yearFY2021–FY2025
Revenue
$183K
FY2025▲ +10%
Revenue by fiscal year
FY2021$172K
FY2022$175K
FY2023$166K
FY2024$167K
FY2025$183K
Expenses
$240K
FY2025▲ +20%
Expenses by fiscal year
FY2021$194K
FY2022$202K
FY2023$236K
FY2024$199K
FY2025$240K
Net assets
−$800K
FY2025▼ -8%
Net assets by fiscal year
FY2021−$614K
FY2022−$641K
FY2023−$711K
FY2024−$743K
FY2025−$800K

From the FY2025 Form 990 (year ending June 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1996.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $240K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Kay Hale
President
$0Pt VII · Sec A
Joe Benthal
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Yates
Vice-President
$0Pt VII · Sec A
Bill Mitrik
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Will Sliger
Director
$0Pt VII · Sec A
See Phoenix Homes for Elderly INC executive salaries →

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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

Phoenix Homes for Elderly INC is a housing nonprofit based in Morristown, TN.

Provided by the organization

This section is blank until Phoenix Homes for Elderly INC claims this page.

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1 program service account for $240K of program spending, described in the organization's own filed words · FY2024.
01

Provided housing for low-income elderly or handicapped tenants under section 202 of the national housing act; regulated by hud as to rent charges and operating methods. 30 rental units in complex.

$240Kprogram expense

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By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$183K
Ln 12
Fees for servicesLn 2g$125K
Gifts and grantsLn 1h$57K
Investment incomeLn 3$735
Money outPt IX
$240K
Ln 25
Programscol B$240K
Owns and owesPt X
−$800K
net assets · Ln 32
Cash and savingsLn 1–2$19K
Total assetsLn 16$788K
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$57K
Government grantsLn 1e$57K
Fees for servicesLn 2g$125K
Investment incomeLn 3$735
Total revenueLn 12$183K
Assets in detailPt X, end of year
CashLn 1$19K
Cash and savings togetherLn 1–2$19K
Land, buildings, equipmentLn 10c$676K
Other assetsLn 15$87K
Total assetsLn 16$788K
LiabilitiesLn 26$1.6M
Net assetsLn 32−$800K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$16K$19K
Land, buildings, equipmentLn 10c$712K$676K
Total assetsLn 16$821K$788K
LiabilitiesLn 26$1.6M$1.6M
Net assetsLn 32−$743K−$800K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$46K$46K
Legal feesLn 11b$470$470
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$110$110
Office expensesLn 13$7K$7K
Depreciation, depletion and amortizationLn 22$48K$48K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$125K$125K
Total functional expensesLn 25$240K$240K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $183K$240K−$56K−$800K 990 PDF
FY2024 $167K$199K−$33K−$743K 990 PDF
FY2023 $166K$236K−$69K−$711K 990 PDF
FY2022 $175K$202K−$27K−$641K 990 PDF
FY2021 $172K$194K−$23K−$614K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $183,279 across 5 lines filed
VIII-1e Government grants$57,154
VIII-1h Total contributions, gifts and grants$57,154
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,390$125,390
VIII-3 Investment incomeExcluded from tax $735$735
VIII-12 Total revenueRelated to mission $125,390 · Unrelated business $0 · Excluded from tax $735$183,279
Part IX · Statement of functional expenses $239,744 across 9 lines filed
IX-11a Management feesPrograms $45,507$45,507
IX-11b Legal feesPrograms $470$470
IX-11c Accounting feesPrograms $4,065$4,065
IX-11g Other fees for servicesPrograms $1,664$1,664
IX-12 Advertising and promotionPrograms $110$110
IX-13 Office expensesPrograms $6,728$6,728
IX-22 Depreciation, depletion and amortizationPrograms $48,080$48,080
IX-23 InsurancePrograms $7,650$7,650
IX-24 Other expenses (24a–d)Programs $125,470$125,470
IX-25 Total functional expensesPrograms $239,744 · Management $0 · Fundraising $0$239,744
Part X · Balance sheet $787,615 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $16,269$19,426
X-4 Accounts receivable$838
X-9 Prepaid expenses and deferred chargesStart of year $3,924$4,425
X-10c Land, buildings and equipment, netStart of year $711,728$675,894
X-15 Other assetsStart of year $88,801$87,032
X-16 Total assetsStart of year $820,722$787,615
X-17 Accounts payable and accrued expensesStart of year $22,643$45,617
X-25 Other liabilitiesStart of year $9,263$9,647
X-26 Total liabilitiesStart of year $1,564,106$1,587,464
X-27 Net assets without donor restrictionsStart of year −$743,384−$799,849
X-32 Total net assets or fund balancesStart of year −$743,384−$799,849
X-33 Total liabilities and net assetsStart of year $820,722$787,615
Part XI · Reconciliation of net assets −$799,849 net assets at year end
XI-1 Total revenue$183,279
XI-2 Total expenses$239,744
XI-3 Revenue less expenses−$56,465
XI-4 Net assets at start of year−$743,384
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$799,849

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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