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Nonprofiteer
← PHOENIX MANOR INC

Form 990 for tax year 2023

Filed by PHOENIX MANOR INC.

Totals

Total revenue
$173,116
Total expenses
$262,138
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$172,772
Investment income
$344
Other revenue
$0
Total assets, end of year
$713,248
Total liabilities, end of year
$250,782
Net assets or fund balances, end of year
$462,466
Program services expenses (Part IX)
$220,016
Management and general expenses
$42,122
Fundraising expenses
$0
Program service expenses (Part III)
$220,016

Program services were 83.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $172,772 · related or exempt $172,772

  • 3 · Investment income

    total $344 · excluded $344

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,109 · management and general $13,109

  • 11c · Fees: accounting

    total $26,500 · management and general $26,500

  • 16 · Occupancy

    total $102,659 · program services $102,659

  • 22 · Depreciation, depletion and amortization

    total $24,368 · program services $24,368

  • 24a · Other expenses: ALLOCATED SALARIES & BE

    total $66,658 · program services $66,658

  • 24b · Other expenses: OTHER EXPENSES

    total $19,732 · program services $17,219 · management and general $2,513

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $9,112 · program services $9,112

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,122 · end of year $11,302

  • 2 · Savings and temporary cash investments

    beginning of year $228,583 · end of year $235,616

  • 4 · Accounts receivable

    beginning of year $9,136 · end of year $9,978

  • 9 · Prepaid expenses and deferred charges

    beginning of year $407 · end of year $424

  • 10a · Land, buildings and equipment: cost or other basis

    $1,627,082

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,178,938

  • 10c · Land, buildings and equipment, net

    beginning of year $454,372 · end of year $448,144

  • 15 · Other assets

    beginning of year $8,083 · end of year $7,784

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,626 · end of year $234,352

  • 19 · Deferred revenue

    beginning of year $9,136 · end of year $9,978

  • 25 · Other liabilities

    beginning of year $6,453 · end of year $6,452

  • 27 · Net assets without donor restrictions

    beginning of year $249,737 · end of year $166,060

  • 28 · Net assets with donor restrictions

    beginning of year $301,751 · end of year $296,406

Mission and programs · 2023

Mission

PROVIDE HOUSING FOR LOW INCOME BEHAVIORAL HEALTH CLIENTS.

  • 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.

    Expenses $220,016 · Revenue $172,772

As filed on the 2023 return.

Listed in Part VII

  • Carolyn Guerra

    CHAIRWOMAN

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Lourdes Reyes Abad

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Jorge A Fernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Robin Brooks

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    3 + 37 related

  • Vincent Carrodeguas

    FORMER CHIEF EXECUTIVE OFFICER

    Total calculated
    $391,078
    From this org
    $382,740
    From related orgs
    $0
    Other
    $8,338
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $382,740
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,338
    Filer's total
    $391,078

  • Ileana R Garcia Mshsa

    FORMER EVP GRANT PROGRAM DEVELOPMENT

    Total calculated
    $215,585
    From this org
    $207,090
    From related orgs
    $0
    Other
    $8,495
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $207,090
    Bonus
    $0
    Other
    $0
    Deferred
    $3,171
    Nontaxable benefits
    $5,324
    Filer's total
    $215,585

  • Mark Guthrie

    FORMER CHIEF FINANCIAL OFFICER

    Total calculated
    $311,356
    From this org
    $301,894
    From related orgs
    $0
    Other
    $9,462
    Hours/week
    3 + 37 related

    Schedule J breakdown matched by us

    Base
    $251,894
    Bonus
    $50,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $9,462
    Filer's total
    $311,356

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE TOP MANAGEMENT OFFICIAL'S COMPENSATION WAS PAID BY A RELATED 501(C)(3) ORGANIZATION WHICH USED ONE OR MORE OF THE METHODS LISTED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
25 November 2024
IRS schema version
2023v5.1
Source object
202433389349300128

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