Overview
What is Henry Phipps Plaza South Hdfc?
Henry Phipps Plaza South Hdfc is a nonprofit organization situated in New York City, specifically at 902 Broadway, 13th Floor, New York, NY 100106033. Their primary mission is to contribute to an affiliated not-for-profit organization, aiming to provide low-income and moderate-income families with housing opportunities within the city. By doing so, they contribute to the overall housing needs and affordability in New York City, ensuring that families in need have access to suitable housing options.
Official website here: www.phippsny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 59%, One-Star out of Four Star rating.
Henry Phipps Plaza South Hdfc has received a low rating primarily due to its lack of independent board members and a very high liabilities to assets ratio, which raises concerns about financial stability. The accountability and finance score indicates significant areas for improvement, particularly in governance practices.
Despite these concerns, the organization has established several positive policies, such as conflict of interest, whistleblower, and document retention policies, all of which received full marks. Additionally, the charity appears to effectively utilize its funds for programming, as reflected by a high program expense ratio of 99.87%.
Overall, while the charity demonstrates a commitment to transparency through policy implementations, the financial health and governance structure require significant attention to improve its standing and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Henry Phipps Plaza South Hdfc legitimate?
Henry Phipps Plaza South Hdfc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry Phipps Plaza South Hdfc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.phippsny.org
What is the mission statement of Henry Phipps Plaza South Hdfc?
The organization, Henry Phipps Plaza South Hdfc, is committed to providing affordable housing solutions for low and moderate income families. This mission is achieved through a contribution to an affiliated not-for-profit organization. The primary goal is to make housing accessible to families who may otherwise struggle to afford it. By offering affordable housing, the organization aims to contribute positively to the community and ensure that everyone has a roof over their heads, regardless of their income level. The organization's activities are focused on providing housing solutions that meet the needs of low and moderate income families.
Official website here: www.phippsny.org
Who is the CEO of Henry Phipps Plaza South Hdfc?
Adam Weinstein is the CEO of Henry Phipps Plaza South Hdfc The CEO's salary of Henry Phipps Plaza South Hdfc is $0 and their total compensation is $990,213.
Official website here: www.phippsny.org
What is the revenue of Henry Phipps Plaza South Hdfc?
Henry Phipps Plaza South Hdfc's revenue in 2024 was $7,895,748.
Official website here: www.phippsny.org
Who are the executives of Henry Phipps Plaza South Hdfc and what are their salaries?
Here are 3 key members and their salaries (Henry Phipps Plaza South Hdfc's CEO's salary is $0 and their total compensation is $990,213):
- Compensation: $0
- Related: $818,137
- Other: $172,076
- Compensation: $0
- Related: $350,387
- Other: $79,704
- Compensation: $0
- Related: $274,320
- Other: $62,804
Official website here: www.phippsny.org
Where can I find the form 990 for Henry Phipps Plaza South Hdfc?
Henry Phipps Plaza South Hdfc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.phippsny.org
Learn more at the official website: www.phippsny.org
Mission Statement of Henry Phipps Plaza South Hdfc
Henry Phipps Plaza South HDFC, as a not-for-profit entity, is committed to providing affordable housing solutions for families who fall under the low and moderate income brackets in New York City. The organization achieves this mission by contributing to an affiliated organization, ensuring that suitable housing is within reach for numerous families in need. By providing affordable housing, Henry Phipps Plaza South HDFC plays a significant role in addressing housing inequality and contributing to a more equitable living environment for its target population.
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Impact
October, 2024
Henry Phipps Plaza South Hdfc plays a crucial role in addressing the affordable housing crisis in New York City. By providing low and moderate-income families with access to safe and affordable housing, it helps to stabilize communities and promote economic diversity. This initiative alleviates some of the financial burdens on families, allowing them to allocate resources toward education, healthcare, and other essential needs.
The organization contributes to the overall well-being of the city by fostering inclusive neighborhoods where families can thrive. Its efforts not only enhance the quality of life for residents but also support the broader goal of ensuring that all individuals have a place to call home, thereby strengthening the social fabric of New York City.
This information is meant to be a general summary of Henry Phipps Plaza South Hdfc. 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 2024.
- Investment Income: $2,341,272
- Gross Receipts: $7,895,748
Assets and Liabilities:
- Total Assets: $7,195,891
- Total Liabilities: $7,176,521
- Net Assets: $19,370
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Organization Details
Founding Year
1973
Principal Officer
Adam Weinstein
Website
www.phippsny.orgNTEE Category
Code: L20I - Housing
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