PHOENIX ECONOMIC DEVELOPMENT CORPOR

Address
1969 N MAIN ST
Decatur, IL 62526
Contact
Phone: +1 (954) 288-8450
Nonprofit
NTEE: S30 - Economic Development
EIN: 45-4560860

Mission

TO PROVIDE HOUSING OPPORTUNITIES TO THE UNDERSERVED
 20162015
Basic features of the organization
Year of formation2013
Subsection code03
PF filing required0 
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00 
Number of employees00
Number of people compensated >$100k0 
Personnel
Autry, Morris
Title DIRECTOR
Name of key/compensated person MORRIS AUTRY
Position of compensated person
Current individual trustee or director True
Average hours per week working for org 2.000
Reportable compensation from org $0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Bowman, Barbara
TitleTREASURER 
Name of key/compensated personBARBARA BOWMAN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org2.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Butler, Ron
TitlePRESIDENTEXECUTIVE DIRECTOR
Name of key/compensated personRON BUTLERRON BUTLER
Position of compensated person
Current individual trustee or directorTrueTrue
Average hours per week working for org10.0010.00
Reportable compensation from org$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00
Green, Linda
TitleDIRECTOR 
Name of key/compensated personLINDA GREEN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org2.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Gross, Oliver
TitleDIRECTOR 
Name of key/compensated personOLIVER GROSS 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org2.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Heckman, Dan
TitleDIRECTOR 
Name of key/compensated personDAN HECKMAN 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org2.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Jenkins, Bob
TitleDIRECTOR 
Name of key/compensated personBOB JENKINS 
Position of compensated person
Current individual trustee or directorTrue 
Average hours per week working for org2.00 
Reportable compensation from org$0.00 
Other comp, non-reportable, from org and related orgs$0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00 
Salley, Larry
Title DIRECTOR
Name of key/compensated person LARRY SALLEY
Position of compensated person
Current individual trustee or director True
Average hours per week working for org 2.000
Reportable compensation from org $0.00
Other comp, non-reportable, from org and related orgs $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE HOUSING OPPORTUNITIES TO THE UNDERSERVEDTO PROVIDE HOUSING OPPORTUNITIES TO THE UNDERSERVED
Program service expenses, total$96,367.00$103,954.00
Programs, including revenue & expenses
TO PROVIDE AFFODABLE HOUSING FOR LOW INCOME INDIVIDUALS.
Program expenses $103,954.00
Program description TO PROVIDE AFFODABLE HOUSING FOR LOW INCOME INDIVIDUALS.
TO PROVIDE HOUSING OPPORTUNITIES TO THE UNDERSERVED
Program expenses$96,367.00 
Program descriptionTO PROVIDE HOUSING OPPORTUNITIES TO THE UNDERSERVED 
Financial data
Revenue
Total revenue$58,007.00$61,231.00
Revenue from contributions (total)$58,007.00$61,231.00
Investment income, current yr$0.00$0.00
Total revenue from grants, etc., current yr$58,007.00$61,231.00
Total unrelated business revenue$0.00$0.00
Other revenue, current yr$0.00$0.00
Net unrelated business taxable revenue$0.00 
Program service revenue (total) $0.00
Gross receipts$58,007.00$61,231.00
Sources of contributions
Revenue from all other contributions$58,007.00$61,231.00
Other types of revenue
Net rental income $0.00
Expense categories (totals)
Total functional expenses: sum of all$96,487.00$103,954.00
Total functional expenses: program service $96,367.00$103,954.00
Total functional expenses: management and general$120.00$0.00
Total functional expenses: fundraising$0.00$0.00
Fees for services
Legal fees (total) $7,292.00
Fundraising service fees (total)$0.00$0.00
General management fees (total)$2,780.00$2,927.00
Assets and liabilities
Total assets$674,598.00$714,758.00
Total assets, beginning of year$714,758.00 
Total liabilities$696,239.00$697,919.00
Total liabilities, beginning of year$697,919.00 
Pledges & accounts receivable, net $385.00
Unrestricted net assets, end of yr-$21,641.00$16,839.00
Net assets-$21,641.00$16,839.00
Net assets, beginning of year$16,839.00 
Other liabilities$2,000.00 
Other assets$6,671.00$4,044.00
Cash: non-interest bearing$16,271.00$10,879.00
Cash: non-interest bearing, beginning of year$10,879.00 
Escrow or custodial account liability $2,750.00
Other financial variables
Revenue less expenses-$38,480.00-$42,723.00
Accounts receivable, net$985.00 
Accounts payable & accrued expenses$550.00$1,480.00
Secured mortgages and notes payable$693,689.00$693,689.00
Total net assets or fund balances-$21,641.00$16,839.00
Depreciation, depletion, amortization$48,779.00$48,778.00
Governance and accountability
Number of voting members63
Number of independent voting members63
Accrual accountingTrueTrue
Tax year start date2016-01-012015-01-01
Tax year end date2016-12-012015-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990
Date e-filing submitted2018-02-012016-11-07
IRS schema version2016v3.02015v2.1
Filing identifier201721729349301002201622299349300877
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