First Place-Phoenix Transitional Homes
- Assets
- $2.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3679038
Organization Overview
First Place-Phoenix Transitional Homes is located in Phoenix, AZ. The organization was established in 2019. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Place-Phoenix Transitional Homes 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, First Place-Phoenix Transitional Homes generated $165.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $184.5k during the year ending 12/2023. While expenses have increased by 14.3% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PHOENIX TRANSITIONAL HOMES (FPTH) PROVIDES LOW-INCOME HOUSING TO FIRST PLACE TRANSITION ACADEMY PARTICIPANTS. THE FIRST PLACE TRANSITION ACADEMY IS OPERATED BY FIRST PLACE AZ. THE PARTICIPANTS RESIDE IN FOUR FOUR-BEDROOM SUITES LOCATED ON THE FIRST PLACE - PHOENIX, CATALINA (FPPC) PROPERTY AT THIRD AND CATALINA STREETS IN THE HEART OF GREATER PHOENIX. FPTH LEASES THE FOUR FOUR-BEDROOM SUITES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Resnik Founder, President & CEO | 5 | $0 | |
Nancy Ottmann COO | 3 | $0 | |
Michael Stoffey Director Of Finance | 2 | $0 | |
Sara Ward Chairperson | 2 | $0 | |
Joe Cooper Treasurer | 2 | $0 | |
John Napolitan Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,000 |
| Total Program Service Revenue | $127,800 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $165,800 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $184,426 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $63 |
| Total expenses | $184,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $2,492 |
| Other assets | $0 |
| Total assets | $2,492 |
| Total liabilities | $50 |
| Net assets or fund balances | $2,442 |