Overview
What is Henry Phipps Plaza North Housing Development Fund Corporation?
Henry Phipps Plaza North Housing Development Fund Corporation is a nonprofit organization, established in 2008, situated in New York City. Its primary mission is to provide low and moderate income housing for 208 families, aiming to combat community deterioration in the area. The corporation was formed to develop, own, and manage a residential apartment building located in Manhattan, offering shelter to income-restricted individuals. With a team of five dedicated employees, the organization works diligently to contribute positively to the housing needs of the local community.
Is Henry Phipps Plaza North Housing Development Fund Corporation legitimate?
Henry Phipps Plaza North Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Henry Phipps Plaza North Housing Development Fund Corporation 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: $295,028
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What is the mission statement of Henry Phipps Plaza North Housing Development Fund Corporation?
The Henry Phipps Plaza North Housing Development Fund Corporation, established in 2008, was initiated with the mission to develop, own, and operate a residential apartment building for individuals of low and moderate income. Its primary objective is to provide housing solutions for this demographic. This organization has been instrumental in constructing a building located in a New York City borough, specifically Manhattan, to accommodate 208 families. Beyond providing housing, the corporation also contributes to combating community deterioration in the surrounding area.
Who is the CEO of Henry Phipps Plaza North Housing Development Fund Corporation?
Adam Weinstein is the President of Henry Phipps Plaza North Housing Development Fund Corporation.
What is the revenue of Henry Phipps Plaza North Housing Development Fund Corporation?
Henry Phipps Plaza North Housing Development Fund Corporation's revenue in 2022 was $3,089,341.
Who are the executives of Henry Phipps Plaza North Housing Development Fund Corporation and what are their salaries?
The average compensation at Henry Phipps Plaza North Housing Development Fund Corporation during 2022 was $59,006. There are 5 employees at Henry Phipps Plaza North Housing Development Fund Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $791,174
- Other: $162,104
- Compensation: $0
- Related: $330,476
- Other: $74,903
- Compensation: $0
- Related: $302,845
- Other: $69,987
- Compensation: $0
- Related: $326,830
- Other: $74,122
- Compensation: $0
- Related: $301,098
- Other: $58,003
Where can I find the form 990 for Henry Phipps Plaza North Housing Development Fund Corporation?
Henry Phipps Plaza North Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Henry Phipps Plaza North Housing Development Fund Corporation
Henry Phipps Plaza North Housing Development Fund Corporation, established in 2008, was formed with a mission to provide housing for individuals and families of low and moderate income residing in New York City. The corporation's primary objective is to develop, own, and operate a residential apartment building for occupancy by these income-restricted individuals. By undertaking this mission, Henry Phipps Plaza North Housing Development Fund Corporation aims to combat community deterioration in a specific area of New York City. The corporation's actions contribute significantly to the living conditions of 208 families, providing them with a safe and affordable place to call home.
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Impact
October, 2024
Henry Phipps Plaza North Housing Development Fund Corporation plays a crucial role in addressing housing needs for low and moderate-income residents in New York City. Established in 2008, the organization focuses on developing and operating residential facilities that provide affordable living options. By offering housing to 208 families, it significantly contributes to combating community deterioration in its area and enhances the overall quality of life for its residents. This initiative helps stabilize the neighborhood by ensuring that economically disadvantaged families have access to secure and sustainable housing, fostering a sense of community and belonging in Manhattan.
This information is meant to be a general summary of Henry Phipps Plaza North Housing Development Fund Corporation. 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: $17,374
- Program Service Revenue: $3,034,268
- Gross Receipts: $3,089,341
Assets and Liabilities:
- Total Assets: $5,000,336
- Total Liabilities: $1,575,450
- Net Assets: $3,424,886
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,916,896
RELATED TENANT CHARGES
Revenue
$117,372
Organization Details
Founding Year
2008
Phone
(212) 243-9090Principal Officer
Adam Weinstein
Main Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY, 100106033
NTEE Category
Code: L20 - Housing
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