Civic Intelligence

Phelps Foundation

990 • Fiscal year 2021 • EIN 85-0615136

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 14, 2022

Organization ProfileN/A
18846 W Seven Mile RdDetroit, MI 48219

(313) 779-9531

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

26th percentile

-7.7%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

35th percentile

-2.7%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

9th percentile

-74%

Faster revenue growth than 9% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$138,532

Down $3,849 (-2.7%) from 2020

Net Assets

Down

$138,532

Down $3,849 (-2.7%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin26th percentile

Revenue

Down

$49,700

Down $138,096 (-74%) from 2020

Expenses

Up

$53,549

Up $8,134 (+18%) from 2020

Net Income

Down

-$3,849

Down $146,230 (-103%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2020: $142,381Liabilities 2020: $0Net Assets 2020: $142,3812020Assets 2021: $138,532Liabilities 2021: $0Net Assets 2021: $138,5322021Assets 2022: $137,367Liabilities 2022: $0Net Assets 2022: $137,3672022Assets 2023: $277,717Liabilities 2023: $87,070Net Assets 2023: $190,6472023Assets 2024: $277,545Liabilities 2024: $87,070Net Assets 2024: $190,4752024

Highlighted filing

2021

Assets$138,532
Liabilities$0
Net Assets$138,532
Open 2021 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2020: $187,796Expenses 2020: $45,415Net Income 2020: $142,3812020Revenue 2021: $49,700Expenses 2021: $53,549Net Income 2021: -$3,8492021Revenue 2022: $23,033Expenses 2022: $24,198Net Income 2022: -$1,1652022Revenue 2023: $243,109Expenses 2023: $117,756Net Income 2023: $125,3532023Revenue 2024: $16,719Expenses 2024: $23,136Net Income 2024: -$6,4172024

Highlighted filing

2021

Revenue$49,700
Expenses$53,549
Net Income-$3,849
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 14, 2022
Return Version
2021v4.1
Gross Receipts
$49,700
Mission and Program Overview

Mission

We strive to help the homeless and veteran communities by providing affordable rental housing with a focus on individuals and families currently in shelters.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$142,381--
Rtn Earn Endowment Incm Other Fnds-$138,532-
Land, Buildings, and Equipment, Net$142,341$136,434▼ $5,907
Cash and Non-Interest-Bearing Accounts$35$1,863▲ $1,828
Savings and Temporary Cash Investments$5$235▲ $230
Total Assets$142,381$138,532▼ $3,849
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,381$138,532▼ $3,849
Total Liabilities and Net Assets / Fund Balance$142,381$138,532▼ $3,849

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$80,434$6,566$87,000
Land$56,000-$56,000
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Carmen PhelpsChairman
Emily PhelpsVice Chairman
McKinley PhelpsDirector
Renee BryantDirector
Wallace PhelpsDirector
Christopher DunnAsset Manager
Odessa JonesSecretary
Theresa PhelpsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,700
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$49,700
Change in Net Assets
$-3,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$53,549
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$41,003$6,839$0$47,842
Depreciation Depletion$0$3,164$0$3,164
Office Expenses$0$1,471$0$1,471
Fees for Services Legal$0$630$0$630
Travel$0$442$0$442
Total Functional Expenses$41,003$12,546$0$53,549
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Phelps Foundation
EIN
85-0615136
Phone
3137799531
Address
18846 W SEVEN MILE RD, DETROIT, MI 48219

Signing Officer

Name
Wallace Phelps
Title
Director
Phone
3137799531
Signed
2022-04-14
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Mi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
7

Preparer

Firm
Moultrie Bookkeeping LLC
Address
3925 Legend Pond, New Braunfels, TX 78130
Preparer
Desiree Moultrie
Phone
8303088530
Supplemental Narrative

Additional Explanations

Pt III, Line 2

“Organization began in 2020 no prior year info.”

Pt V, Line 3B

“No unrelated business gross income for 2020.”

Pt V, Line 13A

“Organization is not a health insurance provider.”

Pt V, Line 14B

“Organization does not have indoor tanning services.”

Pt VI, Line 1A

“The organization has eight voting members. The officers listed on the return.”

Pt VII, Col (E)

“All officers help on a volunteer basis, no compensation received.”

Pt VIII

“Organization received cash and non cash contributions of property to renovate for affordable housing.”

Pt VI, Line 2

“The Phelps Foundation is a family operated non profit to help with homelessness.”

Pt VI, Line 11B

“Organization will have a general meeting to review the 990 details.”

Raw XML Appendix336 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/Filer/USAddress/AddressLine1Txt018846 W SEVEN MILE RD
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048219
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0842537060
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Moultrie Bookkeeping LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03925 Legend Pond
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New Braunfels
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078130
ReturnHeader/PreparerPersonGrp/PhoneNum08303088530
ReturnHeader/PreparerPersonGrp/PreparationDt02022-04-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DESIREE MOULTRIE
ReturnHeader/ReturnTs02022-04-16T06:45:13-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WALLACE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHELPS
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$138,532
Liabilities
$0
Net assets
$138,532
Revenue
$49,700
Expenses
$53,549
Net income
-$3,849
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.87$1.90$0.17$0.23$0.06
2023Detailed filing. Detailed filing data is available for this year.$2.78$0.87$1.91$2.43$1.18$1.25
2022Detailed filing. Detailed filing data is available for this year.$1.37$0.00$1.37$0.23$0.24$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.50$0.54$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.42$0.00$1.42$1.88$0.45$1.42