Phelps Community Corporation

Phelps Community Corporation consistently generates significant surpluses, growing assets with minimal liabilities and no reported officer compensation.

EIN: 133263295 · Sleepy Hollow, NY · NTEE: P20 · Updated: 2026-03-28

$4.3MRevenue

$19.8MAssets

92/100Mission Score (Excellent)

P20

About Phelps Community Corporation

Phelps Community Corporation (EIN: 133263295) is a nonprofit organization based in Sleepy Hollow, NY, classified under NTEE code P20. The organization reported total revenue of $4.3M and total assets of $19.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Phelps Community Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Phelps Community Corporation demonstrates strong financial health and appears to be very efficient in its spending, particularly in recent years. In 2023, the organization reported revenue of $2,170,512 against expenses of $934,843, indicating a significant surplus. This trend of revenue exceeding expenses is consistent across most recent filings, contributing to a healthy growth in assets, which reached $17,901,654 in 2023. The organization's liabilities are consistently low relative to its assets, suggesting good financial management and minimal debt burden.

The organization's spending efficiency is notable, with expenses often being a small fraction of its revenue. For instance, in 2023, expenses were approximately 43% of revenue. While the specific breakdown of program, administrative, and fundraising expenses isn't provided in the summary data, the overall low expense ratio suggests a high proportion of funds are either retained for future programs or directly allocated to mission-related activities. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing resources towards the mission rather than executive salaries, which is a positive sign for transparency and donor confidence.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Phelps Community Corporation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 5%
programs: 90%
fundraising: 5%

According to IRS 990 filings, Phelps Community Corporation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly unusual for an organization with assets nearing $20 million and annual revenues over $2 million, suggesting either a volunteer-led executive team or compensation is covered by an affiliated entity, which would warrant further investigation for full transparency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Phelps Community Corporation's IRS 990 filings:

Unusually low expense ratios, particularly in earlier years (e.g., 2017 expenses were $10,385 on $1.19M revenue), which could indicate underreporting of expenses or significant capital accumulation without clear program spending details.
Consistent 0% officer compensation for an organization of this size and asset base is highly unusual and warrants further investigation to ensure full transparency regarding leadership costs.

Strengths

The following positive indicators were identified for Phelps Community Corporation:

Strong financial health with consistent revenue generation exceeding expenses, leading to significant asset growth from $5.7M in 2014 to $17.9M in 2023.
Very low liabilities relative to assets, indicating a strong balance sheet and minimal financial risk (e.g., $105,451 liabilities vs. $17.9M assets in 2023).
No reported officer compensation, suggesting a high dedication of resources to the mission or volunteer leadership.
Consistent growth in assets over the past decade, demonstrating financial stability and capacity building.

Frequently Asked Questions about Phelps Community Corporation

How does Phelps Community Corporation manage to operate with 0% officer compensation?

The filings consistently show 0% officer compensation. This could mean that executive leadership is entirely volunteer-based, or that compensation is provided by an affiliated entity not directly reported on these 990s. Further inquiry into their operational structure would be needed to understand this.

What are the specific program activities funded by Phelps Community Corporation?

The NTEE code P20 indicates 'Housing, Shelter, & Homeless Services'. While the filings show overall expenses, a detailed breakdown of specific program activities and their costs would require reviewing the full 990 forms, particularly Schedule O and Part III.

Why are expenses significantly lower than revenue in most years?

In many years, such as 2023 (Revenue $2.17M, Expenses $0.93M) and 2020 (Revenue $1.87M, Expenses $0.40M), expenses are considerably lower than revenue. This indicates the organization is accumulating significant reserves or investing in assets, which has led to substantial asset growth from $5.7M in 2014 to $17.9M in 2023.

What is the organization's strategy for utilizing its growing assets?

With assets growing from $5.7 million in 2014 to $17.9 million in 2023, and consistent surpluses, it's important to understand how these accumulated assets are being deployed to further the mission. This information would typically be found in the organization's financial statements or narrative sections of the full 990.

Filing History

IRS 990 filing history for Phelps Community Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Phelps Community Corporation's revenue has grown by 480.2%, moving from $374K to $2.2M. Total assets increased by 351.6% over the same period, from $4.0M to $17.9M. Total functional expenses rose by 7690.4%, from $12K to $935K. In its most recent filing year (2023), Phelps Community Corporation reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $105K in liabilities against $17.9M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $17.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.2M	$935K	$17.9M	$105K	—	View 990
2022	$2.2M	$1.8M	$15.1M	$130K	—	View 990
2021	$2.4M	$1.5M	$19.0M	$352K	—	View 990
2020	$1.9M	$402K	$16.8M	$274K	—	View 990
2019	$1.5M	$993K	$14.2M	$783K	—	View 990
2018	$1.4M	$42K	$11.0M	$82K	—	View 990
2017	$1.2M	$10K	$10.2M	$71K	—	View 990
2016	$1.3M	$7K	$8.0M	$63K	—	View 990
2015	$833K	$17K	$6.4M	$65K	—	View 990
2014	$404K	$13K	$5.7M	$125K	—	View 990
2013	$390K	$12K	$5.2M	$415K	—	View 990
2012	$390K	$12K	$4.4M	$706K	—	View 990
2011	$374K	$12K	$4.0M	$997K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.2M, expenses of $935K, and assets of $17.9M (revenue +0.5% year-over-year).
2022: Revenue of $2.2M, expenses of $1.8M, and assets of $15.1M (revenue -9.8% year-over-year).
2021: Revenue of $2.4M, expenses of $1.5M, and assets of $19.0M (revenue +28.1% year-over-year).
2020: Revenue of $1.9M, expenses of $402K, and assets of $16.8M (revenue +23.3% year-over-year).
2019: Revenue of $1.5M, expenses of $993K, and assets of $14.2M (revenue +10.7% year-over-year).
2018: Revenue of $1.4M, expenses of $42K, and assets of $11.0M (revenue +14.3% year-over-year).
2017: Revenue of $1.2M, expenses of $10K, and assets of $10.2M (revenue -5.6% year-over-year).
2016: Revenue of $1.3M, expenses of $7K, and assets of $8.0M (revenue +52.2% year-over-year).
2015: Revenue of $833K, expenses of $17K, and assets of $6.4M (revenue +106.4% year-over-year).
2014: Revenue of $404K, expenses of $13K, and assets of $5.7M (revenue +3.5% year-over-year).
2013: Revenue of $390K, expenses of $12K, and assets of $5.2M (revenue +-0.0% year-over-year).
2012: Revenue of $390K, expenses of $12K, and assets of $4.4M (revenue +4.3% year-over-year).
2011: Revenue of $374K, expenses of $12K, and assets of $4.0M.

Data Sources and Methodology

This transparency report for Phelps Community Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.