Phoenix Residential Investment
The phoenix residential investment development effort (PRIDE) is dedicated to the development and preservation of affordable housing in the city of phoenix
Key facts about Phoenix Residential Investment
In short: Phoenix Residential Investment gave $43K across 1 grant in 2025 (avg $43K), mostly in Arizona. Source: 2025 IRS Form 990.
- EIN
- 86-0654497
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $43,111
- Grants made (2025)
- 1
- Average grant
- $43,111
- Median grant
- $43,111
- Total assets
- $4,417,168
- Primary geography
- Arizona (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$4.4M
-9.5% YoY
Annual Giving
$43K
Grant Count
1
Avg Grant Size
$43K
About Phoenix Residential Investment
Based on IRS filings
Phoenix Residential Investment is a nonprofit organization, based in Phoenix, AZ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $4.4M in total assets. In 2025, it awarded 1 grant totaling $43K. Net investment income was $48K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2025 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CITY OF PHOENIX Phoenix, AZ | ROSS GRANT | $43,111 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $4,417,168 | $4,882,253 | $16,715,742 |
| Revenue | $321,219 | $5,543,591 | $2,822,156 |
| Expenses | $565,411 | $3,600,746 | $4,149,606 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $47,874 | $2,441,224 | $63,650 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS May 14, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS May 12, 2026)
Leadership & Key People
Officers and directors from IRS filings
Phoenix Residential Investment is led by Karl Obergh, President on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karl Obergh
President
On filings since 2019
1 hr/week
No compensation reported
Del-Monte Edwards
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Linda Jensen
Secretary
On filings since 2019
1 hr/week
No compensation reported
Michael Axelrod
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (6)
- Former: Kaylyn Adams (2019–2024) — Board Member
- Former: Tyrone Robertson (2019–2020) — Director
- Former: Gary Todd (2019) — Former Director
- Former: Jason Israel (2019) — Former President
- Former: Penny Allee-Taylor (2019) — Former Secretary
- Former: Sebastian Del Portillo Estrada (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Phoenix Residential Investment
How much does Phoenix Residential Investment give each year?
Phoenix Residential Investment gave $43K across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is Phoenix Residential Investment?
Phoenix Residential Investment reported $4.4M in total assets on its 2025 IRS Form 990. Its revenue that year was $321K.
Where does Phoenix Residential Investment operate?
Phoenix Residential Investment has awarded grants in Arizona.
What is Phoenix Residential Investment's EIN?
Phoenix Residential Investment's EIN (Employer Identification Number) is 86-0654497. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Phoenix Residential Investment by hand.
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