Phoenix Manor INC FY2024 filing

Tax-deductible

Doral, FL501(c)(3)Since 1988EIN 65-0119646Revenue $173K in FY2024

On file with the IRS2300 Nw 89th Place 3rd Floor, 33172-2431 · Doral, FLTax-exempt since Jan 1990Publicly supported — 509(a)(2)

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Provide housing for low income behavioral health clients.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$892K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $70K a year · 45% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$892K
to officers and key staff · 340% of spending
Concern: pay to officers and key staff is 340% of spending; over 30%.
Pt VII · Sec A
Cash reserves
11 mo
of spending, in cash
Looks good: 11.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$251K
35% of total assets
Looks good: liabilities are 35% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173K
+14% vs prior year
Spent
$262K
To programs
84%
Net assets
$462K
By yearFY2020–FY2024
Revenue
$173K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$154K
FY2021$154K
FY2022$154K
FY2023$152K
FY2024$173K
FY2024$198K
Expenses
$262K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$197K
FY2021$199K
FY2022$231K
FY2023$250K
FY2024$262K
FY2024$200K
Net assets
$462K
FY2024▼ -16%
Tap a bar for its year
Net assets by fiscal year
FY2020$772K
FY2021$726K
FY2022$649K
FY2023$551K
FY2024$462K
FY2024$460K

From the FY2024 Form 990 (year ending June 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1990.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $220K Management & general 16% · $42K

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

7 people listed on the 990; $892K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Former Chief Executive Officer
$382,740Pt VII · Sec A
Former Chief Financial Officer
$301,894Pt VII · Sec A
Former EVP Grant Program Development
$207,090Pt VII · Sec A
Chairwoman
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Phoenix Manor 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

Offers housing to low-income individuals with behavioral health needs.

Questions for Phoenix Manor INC

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Provided by the organization

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1 program · $220K · in their own filed words · FY2023
01

Owns and operates a twenty-unit multifamily residential apartment project for families AND/OR individuals that meet the U.S department of housing urban development (hud) criteria in miami, FL. This is a hud section 811 housing project.

$220Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$173K
Ln 12
Fees for servicesLn 2g$173K
Investment incomeLn 3$344
Money outPt IX
$262K
Ln 25
Programscol B$220K
Managementcol C$42K
Owns and owesPt X
$462K
net assets · Ln 32
Cash and savingsLn 1–2$247K
Total assetsLn 16$713K
LiabilitiesLn 26$251K
PeoplePt VI, VII
7
listed · VII A
PaidVII A3
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$173K
Investment incomeLn 3$344
Total revenueLn 12$173K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$236K
Cash and savings togetherLn 1–2$247K
Land, buildings, equipmentLn 10c$448K
Other assetsLn 15$8K
Total assetsLn 16$713K
LiabilitiesLn 26$251K
Net assetsLn 32$462K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$231K$247K
Land, buildings, equipmentLn 10c$454K$448K
Total assetsLn 16$703K$713K
LiabilitiesLn 26$151K$251K
Net assetsLn 32$551K$462K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$13K$13K
Accounting feesLn 11c$26K$26K
OccupancyLn 16$103K$103K
Depreciation, depletion and amortizationLn 22$24K$24K
Other expenses (24a–d)Ln 24$96K$93K$3K
Total functional expensesLn 25$262K$220K$42K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Viewing $173K$262K−$89K$462K 990 PDF
FY2023 $152K$250K−$98K$551K 990 PDF
FY2022 $154K$231K−$77K$649K 990 PDF
FY2021 $154K$199K−$46K$726K 990 PDF
FY2020 $154K$197K−$43K$772K 990 PDF

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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 FY2024 990 (6 parts)
Part I · Summary $173,116 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $152,001$172,772
I-10 Investment incomePrior year $342$344
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $152,343$173,116
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $250,194$262,138
I-18 Total expensesPrior year $250,194$262,138
I-19 Revenue less expensesPrior year −$97,851−$89,022
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $173,116 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $172,772$172,772
VIII-3 Investment incomeExcluded from tax $344$344
VIII-12 Total revenueRelated to mission $172,772 · Unrelated business $0 · Excluded from tax $344$173,116
Part IX · Statement of functional expenses $262,138 across 5 lines filed
IX-11a Management feesManagement $13,109$13,109
IX-11c Accounting feesManagement $26,500$26,500
IX-16 OccupancyPrograms $102,659$102,659
IX-22 Depreciation, depletion and amortizationPrograms $24,368$24,368
IX-24 Other expenses (24a–d)Programs $92,989 · Management $2,513$95,502
IX-25 Total functional expensesPrograms $220,016 · Management $42,122 · Fundraising $0$262,138
Part X · Balance sheet $713,248 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,122$11,302
X-2 Savings and temporary cash investmentsStart of year $228,583$235,616
X-4 Accounts receivableStart of year $9,136$9,978
X-9 Prepaid expenses and deferred chargesStart of year $407$424
X-10c Land, buildings and equipment, netStart of year $454,372$448,144
X-15 Other assetsStart of year $8,083$7,784
X-16 Total assetsStart of year $702,703$713,248
X-17 Accounts payable and accrued expensesStart of year $135,626$234,352
X-19 Deferred revenueStart of year $9,136$9,978
X-25 Other liabilitiesStart of year $6,453$6,452
X-26 Total liabilitiesStart of year $151,215$250,782
X-27 Net assets without donor restrictionsStart of year $249,737$166,060
X-28 Net assets with donor restrictionsStart of year $301,751$296,406
X-32 Total net assets or fund balancesStart of year $551,488$462,466
X-33 Total liabilities and net assetsStart of year $702,703$713,248
Part XI · Reconciliation of net assets $462,466 net assets at year end
XI-1 Total revenue$173,116
XI-2 Total expenses$262,138
XI-3 Revenue less expenses−$89,022
XI-4 Net assets at start of year$551,488
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$462,466

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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