Phelps Community Corporation
- Assets
- $16.8m
- Revenue
- $1.9m
- Investments
- $16.1m
- Employees
- 0
- Location
- Sleepy Hollow, NY
- Founding
- 07/1985
- Data as of
- 12/2020
- EIN
- 13-3263295
Organization Overview
Phelps Community Corporation, operating under the name Phelps Healthcare Foundation, is located in Sleepy Hollow, NY. The organization was established in 1985. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Phelps Healthcare Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $401.8k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PHELPS COMMUNITY CORPORATION SERVES TO CONDUCT CERTAIN FUND RAISING ACTIVITIES FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ASSIST PHELPS MEMORIAL HOSPITAL ASSOCIATION AND OTHER ORGANIZATIONS THAT SERVE THE HEALTHCARE NEEDS OF THE RESIDENTS OF SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHELPS COMMUNITY CORPORATION D/B/A/ PHELPS HEALTHCARE FOUNDATION SERVES TO CONDUCT CERTAIN FUND-RAISING ACTIVITIES FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ASSIST PHELPS MEMORIAL HOSPITAL ASSOCIATION D/B/A/ PHELPS MEMORIAL HOSPITAL CENTER AND/OR OTHER ORGANIZATIONS THAT SERVE THE HEALTH CARE NEEDS OF THE RESIDENTS OF SURROUNDING COMMUNITIES, THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vincent Desantis Treasurer | 1 | $48,410 | |
Kenneth Taber Chairman | 1 | $0 | |
John Barnes Vice Chairman | 1 | $0 | |
Sherry Santurno Secretary | 1 | $0 | |
Eileen Egan Director | 1 | $0 | |
James Diao Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000 |
| Interest on Savings | $217 |
| Dividends & Interest | $420,861 |
| Net Rental Income | $1,124,729 |
| Net Gain on Sale of Assets | $322,063 |
| Capital Gain Net Income | $322,063 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,869,870 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $48,410 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $108,963 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,032 |
| Total operating and administrative expenses | $231,802 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $401,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $352,162 |
| Net Accounts receivable | $365,174 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,745 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,774,810 |
| Accounts payable and accrued expenses | $36,187 |
| Grants payable | $150,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $87,863 |
| Total liabilities | $274,050 |
Grants Awarded
Over the last fiscal year, Phelps Community Corporation has awarded $770,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
PHELPS MEMORIAL HOSPITAL ASSOCIATION PURPOSE: GENERAL OPERATING SUPPORT | $600,000 |
Ossining, NY PURPOSE: COVID-19 EMERGENCY RELIEF | $50,000 |
Ardsley, NY PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Tarrytown, NY PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Ossining, NY PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Pleasantville, NY PURPOSE: COVID-19 EMERGENCY RELIEF | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Middlesex Opportunity Council Inc Framingham, MA | $58,219,671 | $100,623,342 |
Bronxworks Inc Bronx, NY | $54,602,777 | $94,783,683 |
Sheltering Arms Children And Family Services Inc New York, NY | $61,235,788 | $88,686,017 |
North Shore Community Services Inc Westbury, NY | $256,637,537 | $86,285,675 |
Catholic Charities Of The Diocese Of Rochester Rochester, NY | $80,143,075 | $94,807,036 |
Community Assistance Resources & Extended Services Inc New York, NY | $66,076,171 | $123,796,849 |
Jewish Child Care Association Of New York Brooklyn, NY | $129,020,546 | $88,573,003 |
Urban Resource Institute New York, NY | $63,202,447 | $74,244,658 |
Mount Sinai Health System Executive V P For Finance New York, NY | $0 | $70,946,441 |
Birch Family Services Inc New York, NY | $68,113,610 | $78,917,553 |
Catholic Charities Of The Roman Catholic Diocese Of Syracuse Ny Syracuse, NY | $64,792,131 | $74,096,320 |
Mary Haven Center Of Hope Port Jefferson, NY | $26,765,963 | $57,662,471 |