Public Charity

PHIPPS HOUSES

Based in NEW YORK, NY, PHIPPS HOUSES operates as a Public Charity. The organization reported $110.9M in revenue, $19.0M in expenses, $994.1M in total assets for fiscal year 2024. Imperigo tracks 45 reported grant relationships connected to this organization totaling approximately $110.4M.

EIN: 111187480 NEW YORK, NY Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$110.9M
Total Expenses$19.0M
Total Assets$994.1M
Grant Records45
Funding Total$110.4M
Filing Years2019–2024

Mission

PHIPPS HOUSES WAS FOUNDED BY HENRY PHIPPS IN 1905 TO PROVIDE AFFORDABLE AND WELL-DESIGNED HOUSING FOR WORKING CLASS NEW YORKERS. PHIPPS HOUSES, A NOT-FOR-PROFIT CORPORATION, IS NEW YORK CITY'S OLDEST AND LARGEST NOT-FOR-PROFIT DEVELOPER, SPONSOR (CONT. ON SCHEDULE O) AND OWNER OF HOUSING FOR LOW AND MODERATE-INCOME FAMILIES. THE MISSION OF PHIPPS HOUSES IS THE CREATION OF ENDURING COMMUNITIES FOR SUCH FAMILIES, THROUGH HOUSING DEVELOPMENT, RELATED PROPERTY MANAGEMENT AND SOCIAL SERVICES.

Where $100 goes at Phipps Houses

How Phipps Houses divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$54 Programs the work itself
$46 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $54 for programs

$54
To provide, promote and develop affordable housing for low and moderate income residents
All program spending
Share on LinkedIn Share on Facebook
Add this to your website

Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

HENRY PHIPPS PLAZA SOUTH HDFC
2024
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$17,759,469
KB25 HOUSING DEVELOPMENT FUND CORPORATION
2024
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$765,000
PH AFFORDABLE HOUSING FUND INC
2024
THE DEVELOPMENT OR MAINTENANCE OF LOW-INCOME OR AFFORDABLE HOUSING ON A TAX EXEMPT BASIS.
$569,810
DALY 180 HOUSING DEVELOPMENT FUND CORPORATION
2024
VOLUNTARY REPAYMENT OUT OF SURPLUS FUNDS OF PREVIOUSLY FORGIVEN DEBT TO NONPROFIT AFFILIATED SHARING THE ORGANIZATIONS MISSION.
$392,108
$125,000

Showing up to 5 of 45 total records — full history available with membership.

Officers & Directors

TRUSTEE Abbe Borok
PRESIDENT/CEO Adam Weinstein
VICE PRESIDENT Andre White
TRUSTEE Andrew Sidamon-Eristoff
TRUSTEE Boris Gutin
ASSISTANT DIRECTOR Carmelo Torres

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$59,751,210 15 grants
Housing & Homelessness
$31,220,027 16 grants
Unspecified
$19,393,785 14 grants

Financial Trends

Year Revenue Expenses Assets
2024 $110.9M $19.0M $994.1M
2023 $87.4M $18.3M $862.2M
2022 $101.2M $21.1M $827.2M
2020 $79.7M $19.6M $688.8M
2019 $29.1M $13.9M $537.4M

Between 2019 and 2024, reported annual revenue grew from $29.1M to $110.9M (+282%), with total assets most recently reported at $994.1M.

Interactive year-over-year charts and full filing details available with membership.

Similar Organizations in NY

Providence Westside Housing Development Fund Company Inc
Rochester, NY · Housing Development, Construction & Management
FREDONIA COMMONS AFFORDABLE HOUSING
DUNKIRK, NY · Housing Development, Construction & Management
SHARE IX INC
MEDFORD, NY · Housing Development, Construction & Management
SHUHAB HDFC
NEW YORK, NY · Housing Development, Construction & Management
VIP RJP HOUSING DEVELOPMENT FUND CORPORATION
BRONX, NY · Housing Development, Construction & Management

Browse all nonprofits & foundations in New York, →

See the full picture for PHIPPS HOUSES

Complete financials, all 45 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 880,000+ organizations.

Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports
Start Free Trial → Log In
7-day free trial Cancel any time