Civic Intelligence

Phelps Foundation

990 • Fiscal year 2022 • EIN 85-0615136

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 29, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

32nd percentile

-5.1%

Higher net margin than 32% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

45th percentile

-0.8%

Faster asset growth than 45% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

10th percentile

-54%

Faster revenue growth than 10% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$137,367

Down $1,165 (-0.8%) from 2021

Net Assets

Down

$137,367

Down $1,165 (-0.8%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin32nd percentile

Revenue

Down

$23,033

Down $26,667 (-54%) from 2021

Expenses

Down

$24,198

Down $29,351 (-55%) from 2021

Net Income

Up

-$1,165

Up $2,684 (+70%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth45th 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

2022

Assets$137,367
Liabilities$0
Net Assets$137,367
Open 2022 Filing

Operations Trend

Revenue Growth10th 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

2022

Revenue$23,033
Expenses$24,198
Net Income-$1,165
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 29, 2023
Return Version
2022v5.0
Gross Receipts
$23,033
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
Rtn Earn Endowment Incm Other Fnds$138,532$137,367▼ $1,165
Land, Buildings, and Equipment, Net$136,434$134,131▼ $2,303
Cash and Non-Interest-Bearing Accounts$1,863$3,001▲ $1,138
Savings and Temporary Cash Investments$235$235→ $0
Total Assets$138,532$137,367▼ $1,165
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$138,532$137,367▼ $1,165
Total Liabilities and Net Assets / Fund Balance$138,532$137,367▼ $1,165

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$95,000-$95,000
Land$48,000-$48,000
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$9,383
Program Service Revenue
$13,650
Investment Income
$0
Other Revenue
$0
All Other Contributions
$930
Change in Net Assets
$-1,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$24,198
Total Fundraising Expense$129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$18,486$250$0$18,736
Depreciation Depletion$3,164$0$0$3,164
Office Expenses$0$1,065$129$1,194
Information Technology$0$1,068$0$1,068
Conferences and Meetings$0$36$0$36
Total Functional Expenses$21,650$2,419$129$24,198
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
2023-06-29
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
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.”

Form 990, Part IX, Line 24E

“Bank charges 240. 0. 240. 0.”

Form 990, Part IX, Line 24E

“Registration fees 320. 310. 10. 0.”

Form 990, Part IX, Line 24E

“Mortgage expenses 4980. 4980. 0. 0.”

Form 990, Part IX, Line 24E

“Maintenance and repairs 2150. 2150. 0. 0.”

Form 990, Part IX, Line 24E

“Utilities 6732. 6732. 0. 0.”

Form 990, Part IX, Line 24E

“Property taxes 1394. 1394. 0. 0.”

Form 990, Part IX, Line 24E

“Storage 2920. 2920. 0. 0.”

Raw XML Appendix353 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0We strive to help the homeless and veteran communities by providing affordable rental housing with a focus on individuals and families currently in shelters.
IRS990/AllOtherContributionsAmt0930
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0250
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018486
IRS990/AllOtherExpensesGrp/TotalAmt018736
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0WALLACE PHELPS
IRS990/BooksInCareOfDetail/PhoneNum03137799531
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt018846 W SEVEN MILE RD
IRS990/BooksInCareOfDetail/USAddress/CityNm0DETROIT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd048219
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01863
IRS990/CashNonInterestBearingGrp/EOYAmt03001
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/FundraisingAmt00
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt036
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt00
IRS990/ConferencesMeetingsGrp/TotalAmt036
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContriRptFundraisingEventAmt08453
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09383
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt024198
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt013650
IRS990/CYRevenuesLessExpensesAmt0-1165
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt024198
IRS990/CYTotalFundraisingExpenseAmt0129
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt023033
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt03164
IRS990/DepreciationDepletionGrp/TotalAmt03164
IRS990/Desc0Renovating property to provide affordable rental housing for veterans.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt021650
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0Renee Bryant
IRS990/Form990PartVIISectionAGrp/PersonNm1Wallace Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm2McKinley Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm3Odessa Jones
IRS990/Form990PartVIISectionAGrp/PersonNm4Carmen Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm5Theresa Phelps
IRS990/Form990PartVIISectionAGrp/PersonNm6Christopher Dunn
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0Director
IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Asset Manager
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02020
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingAmt08453
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt023033
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt07
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartVInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt00
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01068
IRS990/InformationTechnologyGrp/ProgramServicesAmt00
IRS990/InformationTechnologyGrp/TotalAmt01068
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08869
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0136434
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0134131
IRS990/LandBldgEquipCostOrOtherBssAmt0143000
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0We strive to help the homeless and veteran communities by providing affordable rental housing with a focus on individuals and families currently in shelters.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0138532
IRS990/NetAssetsOrFundBalancesEOYAmt0137367
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/FundraisingAmt0129
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01065
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt01194
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0WALLACE PHELPS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013650
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt049700
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt053549
IRS990/PYOtherRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-3849
IRS990/PYTotalExpensesAmt053549
IRS990/PYTotalRevenueAmt049700
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-1165
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt013650
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0138532
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0137367
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0235
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0930
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt049700
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0187796
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0238426
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt0238426
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0930
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt049700
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0187796
IRS990ScheduleA/Total509Grp/TotalAmt0238426
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0238426
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt095000
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt095000
IRS990ScheduleD/LandGrp/BookValueAmt048000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt048000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0143000
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Organization began in 2020 no prior year info.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No unrelated business gross income for 2020.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Organization is not a health insurance provider.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Organization does not have indoor tanning services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization has eight voting members. The officers listed on the return.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All officers help on a volunteer basis, no compensation received.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Organization received cash and non cash contributions of property to renovate for affordable housing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Phelps Foundation is a family operated non profit to help with homelessness.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Organization will have a general meeting to review the 990 details.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9BANK CHARGES 240. 0. 240. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10REGISTRATION FEES 320. 310. 10. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11MORTGAGE EXPENSES 4980. 4980. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12MAINTENANCE AND REPAIRS 2150. 2150. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13UTILITIES 6732. 6732. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14PROPERTY TAXES 1394. 1394. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15STORAGE 2920. 2920. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt III, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt V, Line 3b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt V, Line 13a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt V, Line 14b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VII, Col (E)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VIII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc15Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0138532
IRS990/TotalAssetsEOYAmt0137367
IRS990/TotalAssetsGrp/BOYAmt0138532
IRS990/TotalAssetsGrp/EOYAmt0137367
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09383
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0129
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02419
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt021650
IRS990/TotalFunctionalExpensesGrp/TotalAmt024198
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0138532
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0137367
IRS990/TotalProgramServiceExpensesAmt021650
IRS990/TotalProgramServiceRevenueAmt013650
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt013650
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt023033
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0138532
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0137367
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/USAddress/AddressLine1Txt018846 W SEVEN MILE RD
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048219
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WALLACE PHELPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03137799531
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PHELPS FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PHEL
ReturnHeader/Filer/EIN0850615136
ReturnHeader/Filer/PhoneNum03137799531
ReturnHeader/Filer/USAddress/AddressLine1Txt018846 W SEVEN MILE RD
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048219
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
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/PreparationDt02023-07-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DESIREE MOULTRIE
ReturnHeader/ReturnTs02023-07-03T17:42:04-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WALLACE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0PHELPS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$137,367
Liabilities
$0
Net assets
$137,367
Revenue
$23,033
Expenses
$24,198
Net income
-$1,165
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