Overview
What is Phoenix Family Ventures Inc?
Phoenix Family Ventures Inc, a nonprofit organization situated in Kansas City, Missouri, primarily focuses on providing rental housing and related services to approximately 748 low-income households. The organization achieves this goal by holding ownership interests in entities that manage and operate low-income housing communities, aiming to support those in need of affordable housing solutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Phoenix Family Ventures Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance with a score of 94%. This high rating indicates that the organization demonstrates excellent transparency and fiscal responsibility, which are crucial for maintaining donor trust and support.
The organization boasts a fully independent board of directors, with 15 independent members and a perfect score in board independence metrics. Additionally, Phoenix Family Ventures Inc maintains robust financial management practices, as evidenced by no material diversion of assets and a low liabilities to assets ratio of 9.80%. The organization also has comprehensive policies in place regarding conflicts of interest and document retention, further reinforcing its commitment to ethical operations.
While the data does not indicate any major limitations, it is important to note that the overall score is derived solely from the Accountability & Finance category. This suggests that potential donors may wish to consider additional factors, such as program impact and outcomes, to gain a fuller understanding of the organization's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Phoenix Family Ventures Inc legitimate?
Phoenix Family Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Family Ventures 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:
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What is the mission statement of Phoenix Family Ventures Inc?
Phoenix Family Ventures Inc's mission is centered around holding ownership interests in entities that oversee and manage low-income housing communities. The organization's primary goal is to provide rental housing and related services to approximately 748 households, all of whom have been certified as low income. This mission aims to contribute to the provision of affordable housing options, thereby supporting individuals and families with limited financial resources. Phoenix Family Ventures Inc's activities are focused on ensuring the smooth operation of these housing communities and providing essential tenant services.
Who is the CEO of Phoenix Family Ventures Inc?
Kimber Myers-Givner is the Chairman of Phoenix Family Ventures Inc.
What is the revenue of Phoenix Family Ventures Inc?
Phoenix Family Ventures Inc's revenue in 2022 was $628,697.
Who are the executives of Phoenix Family Ventures Inc and what are their salaries?
There 15 volunteers at Phoenix Family Ventures Inc.
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- Related: $188,987
- Other: $13,895
Where can I find the form 990 for Phoenix Family Ventures Inc?
Phoenix Family Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phoenix Family Ventures Inc
Phoenix Family Ventures Inc, as per its mission, invests in entities that manage and operate low-income housing communities. Its primary objective is to provide housing and tenant services to approximately 748 households who have been certified as low-income. By holding ownership interests in these entities, Phoenix Family Ventures Inc contributes to the availability of affordable housing options for individuals and families in need. This mission is crucial in addressing housing inequality and ensuring that low-income families have access to safe and comfortable living environments.
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Impact
July, 2024
Phoenix Family Ventures Inc's impact lies in providing rental housing and tenant services for approximately 748 households who are low income certified. By holding ownership interests in entities that own and operate low-income housing communities, the organization directly contributes to creating affordable living options for individuals and families in need. Through its mission, Phoenix Family Ventures Inc plays a crucial role in addressing the housing challenges faced by low-income individuals, ultimately enhancing their quality of life and promoting stable, secure living environments.
This information is meant to be a general summary of Phoenix Family Ventures 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: $99,894
- Program Service Revenue: $528,688
- Gross Receipts: $628,697
Assets and Liabilities:
- Total Assets: $7,212,783
- Total Liabilities: $732,020
- Net Assets: $6,480,763
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING PROJECTS REVEN
Revenue
$291,681
HOUSING MANAGEMENT FEE
Revenue
$224,014
LOW INCOME HOUSING PAR
Revenue
$12,993
Organization Details
Founding Year
2005
Phone
(816) 561-4240Principal Officer
Kimber Myers-Givner
Main Address
3908 WASHINGTON ST, KANSAS CITY, MO, 64111
NTEE Category
Code: L20 - Housing
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