PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT (EIN 860654497) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

KARL OBERGH

Phone

6022618954

Tax Period

2024-07-01 to 2025-06-30

PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT, founded in 1989, is a small nonprofit that reported $321K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $565K exceeded revenue, resulting in a 76% operating deficit.

Mission

THE PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORD (PRIDE) IS DEDICATED TO THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING IN THE CITY OF PHOENIX.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $8,303

Program Service Revenue $265,042

Investment Income $47,874

Other Revenue $0

TOTAL REVENUE $321,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $553,399

Other Expenses $565,411

TOTAL EXPENSES $565,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,219	$5,543,591	-0.9%
Expenses	$565,411	$3,600,746	-0.8%
Net Income	$-244,192	$1,942,845	-1.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARL OBERGH	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA JENSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
DEL-MONTE EDWARDS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL AXELROD	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$321,219	$565,411	$4,417,168	$-244,192
2024	$5,543,591	$3,600,746	$4,882,253	$1,942,845
2023	$2,822,156	$4,149,606	$16,715,742	$-1,327,450
2022	$2,867,228	$3,983,847	$18,033,961	$-1,116,619
2021	$2,531,544	$2,751,118	$18,803,228	$-219,574
2020	$5,454,736	$5,176,470	$18,839,388	$278,266
2019	$2,393,744	$2,829,430	$18,400,332	$-435,686
2018	$2,159,182	$2,373,885	$18,653,480	$-214,703

PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT