Overview
What is Phipps Houses?
Phipps Houses, founded by Henry Phipps in 1905, is New York City's oldest and largest not-for-profit organization, dedicated to providing affordable housing for low and moderate-income families. With a mission to create lasting communities, Phipps Houses specializes in housing development, property management, and social services. As a not-for-profit corporation, they are the sponsor, developer, and owner of numerous affordable housing units in New York City. With a team of 24 employees, they continue to strive towards improving the living conditions for thousands of families.
Official website here: www.phippsny.org
What are the reviews and ratings of this charity?
Phipps Houses is not currently rated by Charity Navigator due to its status as a non-501(c)(3) organization. This means it does not meet the eligibility criteria for ratings under the Accountability & Finance or Impact & Measurement beacons, as it is not recognized as a tax-exempt nonprofit by the IRS under this classification. Consequently, Phipps Houses lacks evaluation in various areas essential for a full Charity Navigator assessment.
The absence of a rating should not be misinterpreted as either positive or negative. It simply indicates that a formal review has not been conducted under Charity Navigator's existing criteria. Historical ratings, when available, are mostly based on a now-outdated version of what is currently the Accountability and Finance score.
Due to the lack of financial data submitted electronically, no revenue, expense, or salary information can be assessed or compared. This limits transparency into the financial health and governance of Phipps Houses, highlighting a challenge for prospective donors or stakeholders seeking insights into organizational efficiency and impact.
No user reviews from GreatNonprofits are available to provide additional insights into the public's perception of Phipps Houses or its services.
This AI summary has been generated from information found on Charity Navigator.
Is Phipps Houses legitimate?
Phipps Houses is a legitimate nonprofit organization registered as a 501(c)(4) entity. Phipps Houses submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,322,394
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,615,967
For more financial information, click here
Official website here: www.phippsny.org
What is the mission statement of Phipps Houses?
Phipps Houses is a not-for-profit organization dedicated to providing affordable housing solutions for low and moderate-income families. Founded in 1905 by Henry Phipps, the corporation has been a leading developer, sponsor, and owner of housing units in New York City. Its mission is to develop enduring communities by offering well-designed and affordable housing, coupled with related property management and social services. Phipps Houses aims to provide a stable living environment for its residents and contribute to their overall well-being.
Official website here: www.phippsny.org
Who is the CEO of Phipps Houses?
Adam Weinstein is the President/Ceo of Phipps Houses. The CEO's salary of Phipps Houses is $806,771 and their total compensation is $968,887.
Official website here: www.phippsny.org
What is the revenue of Phipps Houses?
Phipps Houses's revenue in 2022 was $101,156,342.
Official website here: www.phippsny.org
Who are the executives of Phipps Houses and what are their salaries?
The average compensation at Phipps Houses during 2022 was $289,098. There are 24 employees and 17 volunteers at Phipps Houses.
Here are 29 key members and their salaries (Phipps Houses's CEO's salary is $806,771 and their total compensation is $968,887):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $806,771
- Related: $0
- Other: $162,116
- Compensation: $306,990
- Related: $0
- Other: $6,990
- Compensation: $316,782
- Related: $0
- Other: $69,454
- Compensation: $0
- Related: $319,729
- Other: $5,233
- Compensation: $340,062
- Related: $0
- Other: $74,966
- Compensation: $337,028
- Related: $0
- Other: $70,890
- Compensation: $310,698
- Related: $0
- Other: $57,805
- Compensation: $149,644
- Related: $0
- Other: $36,169
- Compensation: $265,008
- Related: $0
- Other: $11,021
- Compensation: $0
- Related: $306,387
- Other: $63,417
- Compensation: $146,449
- Related: $0
- Other: $34,142
- Compensation: $0
- Related: $179,398
- Other: $39,290
Official website here: www.phippsny.org
Where can I find the form 990 for Phipps Houses?
Phipps Houses's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phippsny.org
Learn more at the official website: www.phippsny.org
Mission Statement of Phipps Houses
Phipps Houses, a not-for-profit corporation founded by Henry Phipps in 1905, is New York City's oldest and largest provider of affordable housing for low and moderate-income families. With a mission to create enduring communities, Phipps Houses focuses on housing development, property management, and social services.
In its over a century-long history, Phipps Houses has remained dedicated to providing affordable and well-designed housing for working-class New Yorkers. The organization's foundational belief is that a stable housing situation is essential for individuals and families to thrive. Phipps Houses' expansive portfolio includes the development, sponsorship, and ownership of housing units for those in need. By prioritizing the creation of lasting communities, Phipps Houses strives to ensure that families can call a safe and affordable home their own.
The mission of Phipps Houses extends beyond the mere provision of housing. The organization recognizes the importance of related property management and social services in fostering successful communities. By offering supportive services, Phipps Houses works to ensure that families have access to the resources they need to succeed. This holistic approach to community development is a testament to Phipps Houses' commitment to enhancing the lives of its residents and promoting their overall well-being.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Phipps Houses significantly influences the landscape of affordable housing in New York City by providing, promoting, and developing housing options for low and moderate-income residents. Founded in 1905 by Henry Phipps, the organization has established itself as the oldest and largest not-for-profit housing developer in the city. Its mission centers on creating enduring communities marked by well-designed and accessible housing for working-class New Yorkers.
The impact of Phipps Houses extends beyond mere housing provision; it encompasses comprehensive property management and social services that enhance the quality of life for residents. By fostering supportive environments and ensuring that communities thrive, Phipps Houses plays a crucial role in addressing the housing crisis and advocating for equitable access to affordable living spaces. This commitment helps stabilize neighborhoods, supports vulnerable families, and contributes to the broader goal of social equity in urban settings.
This information is meant to be a general summary of Phipps Houses. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $33,254,346
- Program Service Revenue: $52,616,510
- Gross Receipts: $235,158,870
Assets and Liabilities:
- Total Assets: $827,242,266
- Total Liabilities: $38,298,683
- Net Assets: $788,943,583
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$41,365,060
RENTAL INCOME
Revenue
$11,251,450
Organization Details
Founding Year
1905
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 100106033
Website
www.phippsny.orgNTEE Category
Code: L21 - Housing
If you are a representative of Phipps Houses and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.