Overview
What is Phoebe Apartments Inc?
Phoebe Apartments Inc is a senior living project based in Allentown, Pennsylvania, with a total of 131 apartments, including 64 efficiencies and 67 one-bedroom units. The organization housed 154 residents during the year ending June 30, 2022, maintaining a high occupancy rate of 99.26%. Phoebe Apartments Inc operates under the Affordable/Independent Senior Living program, utilizing funds from Section 202 direct loans and HUD Section 8 rental subsidies. As an affiliated entity of Phoebe Ministries, its mission aligns with the organization's broader objective: to enrich the lives of seniors, their families, and the communities they serve. The nonprofit's team consists of a small workforce of 3 individuals.
Official website here: www.phoebe.org
Is Phoebe Apartments Inc legitimate?
Phoebe Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Phoebe Apartments Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,046
For more financial information, click here
Official website here: www.phoebe.org
What is the mission statement of Phoebe Apartments Inc?
Phoebe Apartments Inc, an affiliate of Phoebe Ministries, adheres to its parent organization's mission. This mission, in essence, is to enrich the lives of seniors, their families, and the communities they serve, as per the guidance of God. Phoebe Apartments Inc specifically focuses on providing affordable and independent senior living solutions through the Section 202 Direct Loan Program and the HUD Section 8 Rent Subsidy Program. Their goal is to create a community that supports the senior citizens residing there, ensuring they live comfortably and independently. During the year ended June 30, 2022, Phoebe Apartments housed 154 residents, operating at a high occupancy rate of 99.26%.
Official website here: www.phoebe.org
Who is the CEO of Phoebe Apartments Inc?
Scott R Stevenson is the President/Ceo of Phoebe Apartments Inc. The CEO's salary of Phoebe Apartments Inc is $0 and their total compensation is $888,792.
Official website here: www.phoebe.org
What is the revenue of Phoebe Apartments Inc?
Phoebe Apartments Inc's revenue in 2022 was $1,002,702.
Official website here: www.phoebe.org
Who are the executives of Phoebe Apartments Inc and what are their salaries?
The average compensation at Phoebe Apartments Inc during 2022 was $59,015. There are 3 employees and 109 volunteers at Phoebe Apartments Inc.
Here are 19 key members and their salaries (Phoebe Apartments Inc's CEO's salary is $0 and their total compensation is $888,792):
- Compensation: $0
- Related: $836,146
- Other: $52,646
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- Related: $383,084
- Other: $49,033
- Compensation: $0
- Related: $329,285
- Other: $36,329
- Compensation: $0
- Related: $161,020
- Other: $26,258
Official website here: www.phoebe.org
Where can I find the form 990 for Phoebe Apartments Inc?
Phoebe Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phoebe.org
Learn more at the official website: www.phoebe.org
Mission Statement of Phoebe Apartments Inc
Phoebe Apartments Inc, an affiliate entity of Phoebe Ministries, adheres to its parent organization's mission. In line with Phoebe Ministries' mission, Phoebe Apartments Inc is committed to enriching the lives of seniors, their families, and the communities they serve. This senior citizens' housing project, with 131 apartments, aims to provide affordable and independent living through the Section 202 Direct Loan Program and HUD Section 8 Rent Subsidy Program. The project, which includes 64 efficiency and 67 one-bedroom units, offered housing to 154 residents during the year ended June 30, 2022, with an impressive 99.26% occupancy rate. Phoebe Apartments Inc's mission reflects its dedication to supporting the senior community, promoting independence, and contributing positively to the broader community.
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Impact
October, 2024
Phoebe Apartments Inc significantly contributes to the community by providing affordable and independent living options for senior citizens. With 131 apartments, including 64 efficiencies and 67 one-bedroom units, the facility effectively meets the housing needs of local seniors. In the year ending June 30, 2022, Phoebe Apartments successfully housed 154 residents, demonstrating a high demand for its services, reflected in an impressive occupancy rate of 99.26%.
The organization operates under programs that ensure financial accessibility, such as the Section 202 Direct Loan Program and the HUD Section 8 Rent Subsidy Program. This financial support enables seniors to live independently while also affording them a safe and comfortable living environment. The impact is profound, as evidenced by the 47,460 independent living census days achieved during the same period.
By fostering a community centered around faith and support, Phoebe Apartments Inc enriches the lives of seniors and their families, creating a nurturing environment that extends beyond mere housing into holistic community care.
This information is meant to be a general summary of Phoebe Apartments Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,555
- Program Service Revenue: $928,333
- Gross Receipts: $1,002,702
Assets and Liabilities:
- Total Assets: $1,847,994
- Total Liabilities: $577,569
- Net Assets: $1,270,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS
Revenue
$928,333
Organization Details
Founding Year
1967
Phone
(610) 794-5142Principal Officer
Scott R Stevenson
Main Address
1901 LINDEN STREET, ALLENTOWN, PA, 18104
Website
www.phoebe.orgNTEE Category
Code: L22 - Housing
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