Overview
What is Phoenix Ministries 3 Inc?
Phoenix Ministries 3 Inc., established in 2015, is a nonprofit organization based in Denver, Colorado, following the guidelines of the U.S. Department of Housing and Urban Development (HUD). Its primary mission is to provide affordable low-income housing and related programs, specifically targeting the elderly and indigent individuals, in accordance with Section 202 of the National Housing Act. The organization operates under the not-for-profit statutes of Arizona, aiming to meet the housing needs of this demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Phoenix Ministries 3 Inc has received a solid Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The overall score reflects a strong performance in the Accountability & Finance category, which is crucial for potential donors assessing the charity's reliability and transparency.
The organization demonstrates commendable financial practices, with a Program Expense Ratio of 97.51%, suggesting that a significant majority of its resources are directed towards its programs. Additionally, it has achieved full marks in critical areas such as audit oversight, conflict of interest policy, and whistleblower policy. These factors contribute positively to its operational integrity and trustworthiness.
While the charity shows strong performance in financial accountability, it is important for potential supporters to consider its overall impact and effectiveness in achieving its mission. Although the rating reflects good financial management, further information regarding program outcomes or community impact would provide a more comprehensive view of the organization’s effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Phoenix Ministries 3 Inc legitimate?
Phoenix Ministries 3 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Ministries 3 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: $184,931
For more financial information, click here
What is the mission statement of Phoenix Ministries 3 Inc?
Phoenix Ministries 3 Inc., established in accordance with Arizona's not-for-profit laws on September 25, 2015, was formed with a mission to create and maintain affordable housing options for the elderly and impoverished. This mission is in line with the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. The organization's primary objective is to provide housing and related programs that cater to the needs of this specific demographic.
Who is the CEO of Phoenix Ministries 3 Inc?
Melissa Clayton is the President/Director of Phoenix Ministries 3 Inc.
What is the revenue of Phoenix Ministries 3 Inc?
Phoenix Ministries 3 Inc's revenue in 2022 was $793,148.
Who are the executives of Phoenix Ministries 3 Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
Where can I find the form 990 for Phoenix Ministries 3 Inc?
Phoenix Ministries 3 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phoenix Ministries 3 Inc
Phoenix Ministries 3 Inc, established in 2015, was founded under the not-for-profit statutes of Arizona with a specific mission. This mission involves establishing, owning, and maintaining affordable housing programs for the elderly and indigent, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. In simpler terms, Phoenix Ministries 3 Inc is dedicated to providing affordable housing solutions for the elderly and those in need, working within the regulations established by HUD. The organization's objective is to enhance the living standards of these individuals by providing them with suitable housing options.
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Impact
July, 2024
Phoenix Ministries 3 Inc's impact can be seen in its efforts to establish, own, and maintain affordable low-income housing and related housing programs for the aging and indigent population. By following the guidelines of the U.S. Department of Housing and Urban Development, specifically pursuant to Section 202 of the National Housing Act, Phoenix Ministries 3 Inc is addressing critical housing needs within its community. This organization plays a crucial role in providing essential housing support to vulnerable individuals, contributing to improved quality of life and stability for those in need.
This information is meant to be a general summary of Phoenix Ministries 3 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: $96
- Program Service Revenue: $273,732
- Gross Receipts: $793,148
Assets and Liabilities:
- Total Assets: $6,621,215
- Total Liabilities: $2,954,876
- Net Assets: $3,666,339
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$266,611
ANCILLARY SERVICES
Revenue
$5,872
OTHER REVENUE
Revenue
$1,249
Organization Details
Founding Year
2015
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L20 - Housing
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