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 12/2018, Phipps Houses employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2018, Phipps Houses generated $46.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $13.3m during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2018

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE, PROMOTE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF THE NEW YORK METROPOLITAN AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE, PROMOTE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS OF THE NEW YORK METROPOLITAN AREA.


CASH CONTRIBUTIONS TO PHIPPS NEIGHBORHOODS, INC., A NOT-FOR-PROFIT AFFILIATE CLASSIFIED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, WHICH PROVIDES EDUCATIONAL AND SOCIAL SERVICES TO RESIDENTS OF HOUSING DEVELOPMENTS OWNED AND/OR SPONSORED BY PHIPPS HOUSES AND THEIR COMMUNITIES.


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Board, Officers & Key Employees

Name (title)Compensation
Adam Weinstein
President/ceo
$821,345
James Robert Pigott Jr
Vice President And Secretary
$289,444
Matthew Kelly
Vice President
$287,804
Brian Bricker
Treasurer
$271,378
Dianne Morales
Vice President
$270,735
Michael Wadman
Vice President
$237,740

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Curtis Ginsberg Architects Llp
Architectural Srvcs.
$2,546,569
Marvel Architects Pllc
Architectural Srvcs.
$2,387,591
Canido Basonas Construction Corp
Construct/contractor
$1,261,384
Lettire Construction Corp
Construct/contractor
$2,539,160
Mega Contracting Group Llc
Construct/contractor
$1,441,080
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$5,300,291
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$5,300,291
Total Program Service Revenue$16,104,913
Investment income $7,490,036
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$3,209
Net Gain/Loss on Asset Sales $7,629,615
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $46,318,158

Grants Awarded

Over the last fiscal year, Phipps Houses has awarded $378,534 in support to 4 organizations.

Grant RecipientAmount

LA CASA DE FELICIDAD HDFC

Org PageRecipient Profile

New York, NY

PURPOSE: FUND CAPITAL

$250,000

PHIPPS NEIGHBORHOODS INC

Org PageRecipient Profile

New York, NY

PURPOSE: GENERAL SUPPORT

$98,034

VIA VERDE HOMES HDFC

Org PageRecipient Profile

New York, NY

PURPOSE: FUND FLOORING

$23,000

NYU SCHOOL OF LAW FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: ADVANCING RESEARCH

$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$308,005,591
Earnings-$20,887,695
Other Expense$18,510,000
Ending Balance$268,607,896

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