PHOEBE APARTMENTS INC

EIN: 231674396

ALLENTOWN, PA

Total Revenue
$1,080,739
Total Expenses
$1,005,117
Total Assets
$1,560,523
Net Assets
$1,346,047
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
PA
Phone
6107945142
Tax Period
2022-07-01 to 2023-06-30

PHOEBE APARTMENTS INC, founded in 1967, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Expenses of $1.0M left a modest 7% surplus.

Mission

AFFORDABLE/INDEPENDENT SR LIVING THROUGH SEC. 202 DIRECT LOAN PROGRAM & HUD SECTION 8 RENT SUBSIDY PROGRAM.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $66,078
Program Service Revenue $1,000,031
Investment Income $4,365
Other Revenue $10,265
TOTAL REVENUE $1,080,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,360
Fundraising Expenses $0
Program Expenses $664,400
Other Expenses $802,757
TOTAL EXPENSES $1,005,117

Year-over-Year Comparison

2022 2021 Change
Revenue $1,080,739 $1,002,702 +0.1%
Expenses $1,005,117 $969,340 +0.0%
Net Income $75,622 $33,362 +1.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
16
Independent Members
15
Employees
3
Volunteers
112

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,431,094
Total Directors
17
$827,853
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER (UNTIL 01/01/23) 1.0
Officer Director
$0 $0 $0
N/A TREASURER (AS OF 01/01/23) 1.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT/CEO 40.0
Officer Director
$0 $37,732 $827,853
N/A VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A COO 40.0
Officer
$0 $28,637 $380,179
N/A CFO 40.0
Officer
$0 $12,794 $223,062
N/A FORMER COO 40.0
$0 $0 $287,360
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,080,739 $1,005,117 $1,560,523 $75,622
2022 $1,002,702 $969,340 $1,847,994 $33,362
2021 $967,107 $944,062 $1,882,486 $23,045
2020 $988,998 $948,236 $1,852,545 $40,762
2019 $980,122 $835,890 $1,694,405 $144,232
2018 $961,128 $876,495 $1,606,146 $84,633
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