Form 990 for tax year 2023
Filed by PHOENIX REVITALIZATION CORPORATION.
Totals
- Total revenue
- $701,222
- Total expenses
- $675,456
- Contributions and grants received
- $121,516
- Grants paid
- $0
- Program service revenue
- $579,706
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $231,465
- Total liabilities, end of year
- $62,548
- Net assets or fund balances, end of year
- $168,917
- Program services expenses (Part IX)
- $617,459
- Management and general expenses
- $50,997
- Fundraising expenses
- $7,000
- Program service expenses (Part III)
- $617,459
Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$121,516
-
1f · All other contributions, gifts and grants
$0
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: LOW INCOME HOUSING MONITORING
total $579,706 · related or exempt $579,706 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $268,657 · program services $220,657 · management and general $43,000 · fundraising $5,000
-
9 · Other employee benefits
total $77,256 · program services $69,097 · management and general $6,159 · fundraising $2,000
-
10 · Payroll taxes
total $19,830 · program services $19,830
-
11b · Fees: legal
total $2,825 · program services $2,825
-
11g · Fees: other
total $135,595 · program services $133,757 · management and general $1,838
-
13 · Office expenses
total $47,364 · program services $47,364
-
16 · Occupancy
total $76,631 · program services $76,631
-
17 · Travel
total $14,326 · program services $14,326
-
19 · Conferences, conventions and meetings
total $22,886 · program services $22,886
-
23 · Insurance
total $9,383 · program services $9,383
-
24e · All other expenses
total $703 · program services $703
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $108,142 · end of year $130,869
-
2 · Savings and temporary cash investments
beginning of year $0
-
3 · Pledges and grants receivable
beginning of year $0
-
4 · Accounts receivable
beginning of year $61,805 · end of year $98,485
-
5 · Loans and receivables from officers and key people
beginning of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0
-
7 · Other notes and loans receivable
beginning of year $0
-
8 · Inventories for sale or use
beginning of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $605 · end of year $2,111
-
10a · Land, buildings and equipment: cost or other basis
$21,781
-
10b · Land, buildings and equipment: accumulated depreciation
$21,781
-
10c · Land, buildings and equipment, net
beginning of year $3,204 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $50,351 · end of year $62,548
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $123,405 · end of year $168,917
Mission and programs · 2023
Mission
Phoenix Revitalization Corporation (PRC) is a non-profit community development corporation dedicated to the revitalization of neighborhoods by facilitating community improvement projects, and the maintenance and creation of low-income and workforce housing. An emphasis is placed on the revitalization of Central City South, a community located immediately south of the Phoenix Downtown Business District and the Arizona State Capitol Mall.
-
Serve income eligible communities and constituents through programs that improve social, infrastructure and economic conditions; including housing, education and job skill levels
Expenses $617,459 · Revenue $701,222
As filed on the 2023 return.
Listed in Part VII
-
Natalie Avila
Member
- Total calculated
- $0
- Hours/week
- 1
-
Maria Morales
Member
- Total calculated
- $0
- Hours/week
- 1
-
Kendra Lee
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mara DeLuca
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Julian Sodari Sr
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Bill Morlan
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Mack Gleekel
Treasurer
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202403199349305180
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