Phoenix Residence Inc
- Assets
- $9.3m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 401
- Location
- St Paul, MN
- Founding
- 04/1975
- Data as of
- 12/2023
- EIN
- 41-6170035
Organization Overview
Phoenix Residence Inc is located in St Paul, MN. The organization was established in 1975. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2023, Phoenix Residence Inc employed 401 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phoenix Residence Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Phoenix Residence Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $12.7m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE PHOENIX RESIDENCE, INC. IS COMMITTED TO DEVELOPING PERSON CENTERED QUALITY LIVING EXPERIENCES FOR PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTAL SERVICES FOR THE DEVELOPMENTALLY DISABLED AND PHYSICALLY HANDICAPPED ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Burrowes Director | Trustee | 4 | $0 |
Kirsten Gregerson Secretary | Trustee | 4 | $0 |
Richard J Ivancemd Director | OfficerTrustee | 4 | $0 |
Elizabeth Johnson Director | OfficerTrustee | 4 | $0 |
James Woodard Jr Director | OfficerTrustee | 4 | $0 |
Eric Schultz Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $159,751 |
| Related organizations | $0 |
| Government grants | $35,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,751 |
| Total Program Service Revenue | $11,850,715 |
| Investment income | $31,614 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $92,952 |
| Net Gain/Loss on Asset Sales | $73,805 |
| Net Income from Fundraising Events | $22,487 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,268,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $486,412 |
| Compensation of current officers, directors, key employees. | $58,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,882,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $520,315 |
| Payroll taxes | $657,669 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $264,143 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,050 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,557 |
| Travel | $56,425 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $477,701 |
| Insurance | $157,557 |
| All other expenses | $590,200 |
| Total functional expenses | $12,739,154 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,270 |
| Savings and temporary cash investments | $1,640,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $903,575 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,515 |
| Net Land, buildings, and equipment | $6,683,561 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,308,889 |
| Accounts payable and accrued expenses | $931,852 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,058,561 |
| Other liabilities | $15,373 |
| Total liabilities | $2,005,786 |
| Net assets without donor restrictions | $7,198,383 |
| Net assets with donor restrictions | $104,720 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,308,889 |