Nonprofit · EIN 86-0654497
PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT
Tax-exempt · PHOENIX, AZ 85003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $321,219 | $565,411 | -$244,192 | $4,417,168 | $4,779,680 | -$362,512 |
| June 30, 2024 | 990 | $5,543,591 | $3,600,746 | $1,942,845 | $4,882,253 | $5,000,573 | -$118,320 |
| June 30, 2023 | 990 | $2,822,156 | $4,149,606 | -$1,327,450 | $16,715,742 | $18,776,907 | -$2,061,165 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,303
- Program service revenue
- $265,042
- Investment income
- $47,874
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $512
- Accounting fees
- $11,500
- Occupancy
- $48,221
- Depreciation
- $87,000
- Program services (functional)
- $553,399
- Management and general (functional)
- $12,012
Balance sheet and other
- Total assets, start of year
- $4,882,253
- Total assets, end of year
- $4,417,168
- Total liabilities, end of year
- $4,779,680
- Net assets, end of year
- -$362,512
- Land, buildings and equipment
- $2,021,048
- Gross receipts
- $321,219
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- AZ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARL OBERGH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LINDA JENSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DEL-MONTE EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| MICHAEL AXELROD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARL OBERGH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LINDA JENSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DEL-MONTE EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| KAYLYN ADAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL AXELROD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KARL OBERGH | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LINDA JENSEN | SECRETARY Trustee or director, Officer | 1 | $0 |
| DEL-MONTE EDWARDS | TREASURER Trustee or director, Officer | 1 | $0 |
| KAYLYN ADAMS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL AXELROD | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 251 W WASHINGTON STREET 4TH FLOOR, PHOENIX, AZ 85003-2295
- Principal officer (990 for 2024)
- KARL OBERGH, 251 W WASHINGTON STREET 4TH FLOOR, PHOENIX, AZ 850032201
- Signed the 990
- KARL OBERGH, PRESIDENT
- Phone
- (602) 261-8954
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
THE PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT (PRIDE) IS DEDICATED TO THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING IN THE CITY OF PHOENIX
Program accomplishments
- PROVIDE BELOW MARKET RENTAL RATES TO LOW AND MODERATE INCOME TENANTS OF LADERA DEL NORTE APARTMENTS AND OTHER ACTIVITIES TOWARD PROVIDING AFFORDABLE HOUSING TO RESIDENTS OF THE CITY OF PHOENIXExpenses $553,399 · revenue $312,916
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-0654497
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,417,168
- Income (IRS master file)
- $321,219
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $321,219 | $565,411 | $4,417,168 | IRS |
| 990 | June 2024 | $5,543,591 | $3,600,746 | $4,882,253 | IRS |
| 990 | June 2023 | $2,822,156 | $4,149,606 | $16,715,742 | XML |
| 990 | June 2022 | $2,867,228 | $3,983,847 | $18,033,961 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-0654497).
Questions about PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT
- What is the EIN of PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT?
- The employer identification number (EIN) of PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT is 86-0654497.
- Is PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
- Are donations to PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT?
- The 990 for the year ended June 30, 2025 names KARL OBERGH.
- Who are the officers and directors of PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT?
- The 990 for the year ended June 30, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PHOENIX RESIDENTIAL INVESTMENT DEVELOPMENT EFFORT have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $321,219, expenses of $565,411 and total assets of $4,417,168 at year end.
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