Phoenix Residence Inc
- Assets
- $9.5m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 408
- Location
- St Paul, MN
- Founding
- 04/1975
- Data as of
- 12/2021
- 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 12/2021, Phoenix Residence Inc employed 408 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 12/2021, Phoenix Residence Inc generated $12.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $12.8m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darlene Scott President | OfficerTrustee | 40 | $154,459 |
Pam Connolly VP Of Financial Services | Officer | 40 | $85,145 |
Mary Thirsten VP Of Operations | Officer | 30 | $74,455 |
Elizabeth Johnson Director | OfficerTrustee | 4 | $0 |
James Woodard Jr Director | OfficerTrustee | 4 | $0 |
Richard J Ivancemd Vice Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $235,700 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $235,700 |
| Total Program Service Revenue | $11,756,046 |
| Investment income | $3,349 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $113,200 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,396 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,129,691 |
| 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. | $314,059 |
| Compensation of current officers, directors, key employees. | $36,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,024,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $759,648 |
| Payroll taxes | $616,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $229,315 |
| 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 | $43,518 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,210 |
| Travel | $42,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,117 |
| Insurance | $118,162 |
| All other expenses | $644,481 |
| Total functional expenses | $12,772,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,022 |
| Savings and temporary cash investments | $2,258,755 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $781,947 |
| 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 | $169,097 |
| Net Land, buildings, and equipment | $6,233,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $9,462,501 |
| Accounts payable and accrued expenses | $846,736 |
| 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 | $0 |
| Other liabilities | $27,432 |
| Total liabilities | $874,168 |
| Net assets without donor restrictions | $8,427,195 |
| Net assets with donor restrictions | $161,138 |
| 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 | $9,462,501 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Phoenix Residence Inc has recieved totaling $86,048.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $80,000 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $6,048 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Systems Unlimited Inc Iowa City, IA | $26,572,846 | $44,162,374 |
Mount Olivet Rolling Acres Inc Victoria, MN | $16,898,423 | $42,480,608 |
Fraser Minneapolis, MN | $52,866,858 | $42,421,045 |
Clarity Care Inc Oshkosh, WI | $16,870,037 | $25,583,132 |
Residential Services Of Northeastern Minnesota Inc Duluth, MN | $13,247,584 | $23,044,968 |
Villa Nazareth Fargo, ND | $19,492,856 | $24,414,555 |
Childrens Home Society Of South Dakota Sioux Falls, SD | $36,247,116 | $27,111,372 |
Homeward Bound Inc Plymouth, MN | $9,682,680 | $20,805,285 |
Discovery Living Inc Cedar Rapids, IA | $11,709,298 | $15,165,116 |
Lad Lake Inc Dousman, WI | $18,305,797 | $13,126,553 |
Enable Inc Bismarck, ND | $6,180,570 | $13,372,662 |
Phoenix Residence Inc St Paul, MN | $9,462,501 | $12,129,691 |