Phipps Houses

Organization Overview

Phipps Houses is located in New York, NY. The organization was established in 1948. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Phipps Houses employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phipps Houses is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 12/2021, Phipps Houses generated $88.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $21.5m during the year ending 12/2021. While expenses have increased by 8.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Phipps Houses has awarded 44 individual grants totaling $3,794,506. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE, PROMOTE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE, PROMOTE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Adam Weinstein
President/ceo
$791,174
James Robert Pigott Jr
Vice President And Secretary
$330,476
Matthew Kelly
VP Property Development
$326,830
Brian Bricker
Treasurer
$302,845
Michael Wadman
VP Property Development
$301,098
Andre White
Vice President
$294,072

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ca Rich Consultants Inc
Environmental Remediation
$2,265,162
Lettire Construction Corp
Construction Contractor
$4,262,482
Monadnock Construction Inc
Construction Contractor
$5,721,335
Akrf Inc
Environmental Remediation
$2,053,462
Marvel Architects Pllc
Architect
$2,043,497
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,440,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,440,000
Total Program Service Revenue$51,483,220
Investment income $10,360,554
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $21,626,311
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $88,001,578

Grants Awarded

Over the last fiscal year, Phipps Houses has awarded $2,491,916 in support to 7 organizations.

Grant RecipientAmount

DALY 180 HOUSING DEVELOPMENT FUND CORP

Org PageRecipient Profile

New York, NY

PURPOSE: LOAN FORGIVENESS

$2,421,916

SETTLEMENT HOUSING FUND INC

PURPOSE: ANNUAL SPRING BENEFIT

$15,000

CITIZENS HOUSING AND PLANNING COUNCIL

Org PageRecipient Profile

New York, NY

PURPOSE: CHPC ANNUAL LUNCHEON

$15,000

NEW YORK HOUSING CONFERENCE INC

Org PageRecipient Profile

New York, NY

PURPOSE: ANNUAL AWARDS CONFERENCE SPONSORSHIP AND DONATION

$15,000

Bronx, NY

PURPOSE: LOISAIDA FESTIVAL SPONSORSHIP

$10,000

NEW YORK UNIVERSITY

Org PageRecipient Profile

New York, NY

PURPOSE: NYU FURMAN CENTER ADVISORY BOARD ANNUAL CONTRIBUTION

$7,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Phipps Houses has recieved totaling $176,399.

Awarding OrganizationAmount
Henry Phipps Plaza North Housing Development Fund Corporation

New York, NY

PURPOSE: PROMOTING AFFORDABLE

$175,000
The Today Show Charitable Foundationinc

New York, NY

PURPOSE: TO PROMOTE THE WELFARE OR OTHERWISE ENRICH THE LIVES OF LESS FORTUNATE CHILDREN AND TEENS.

$1,399
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$251,300,261
Ending Balance$251,300,261

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