Overview
What is Phipps Affordable Housing Development Fund Corporation?
Phipps Affordable Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 902 Broadway, 13th Floor. Their primary mission is to provide affordable housing options for individuals with moderate and low incomes. To accomplish this, they manage two housing projects in Manhattan, featuring 7 and 16 units respectively. The organization's workforce consists of a single dedicated employee, ensuring their commitment to this crucial cause.
Is Phipps Affordable Housing Development Fund Corporation legitimate?
Phipps Affordable Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Phipps Affordable 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: $27,475
For more financial information, click here
What is the mission statement of Phipps Affordable Housing Development Fund Corporation?
The Phipps Affordable Housing Development Fund Corporation is dedicated to providing affordable housing solutions for individuals with moderate and low income levels. Their mission is manifested through the operation of two housing projects, a 7-unit and a 16-unit complex, located in Manhattan. The organization's primary objective is to make housing an attainable resource for individuals who may otherwise struggle with high housing costs. By offering affordable housing options, this corporation contributes to fostering a more inclusive and equitable living environment for these individuals and their families.
Who is the CEO of Phipps Affordable Housing Development Fund Corporation?
Adam Weinstein is the President of Phipps Affordable Housing Development Fund Corporation.
What is the revenue of Phipps Affordable Housing Development Fund Corporation?
Phipps Affordable Housing Development Fund Corporation's revenue in 2022 was $319,352.
Who are the executives of Phipps Affordable Housing Development Fund Corporation and what are their salaries?
The average compensation at Phipps Affordable Housing Development Fund Corporation during 2022 was $27,475. There is 1 employee and 1 volunteer at Phipps Affordable Housing Development Fund Corporation.
Here are 6 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: $0
- Other: $0
- Compensation: $0
- Related: $326,830
- Other: $74,122
- Compensation: $0
- Related: $301,098
- Other: $58,003
Where can I find the form 990 for Phipps Affordable Housing Development Fund Corporation?
Phipps Affordable Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Phipps Affordable Housing Development Fund Corporation
Phipps Affordable Housing Development Fund Corporation is committed to providing affordable housing solutions for individuals with moderate and low incomes. This nonprofit organization's mission is centered around the development and operation of housing projects, specifically a 7-unit and a 16-unit project, located in the borough of Manhattan. Their primary objective is to make housing accessible and affordable for those who may struggle financially, thereby contributing to a more equitable living environment.
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Impact
October, 2024
Phipps Affordable Housing Development Fund Corporation significantly impacts the community by creating and managing affordable housing options for low and moderate-income individuals in New York City, specifically in Manhattan. The organization operates two housing projects, featuring seven and sixteen units respectively, designed to address the pressing need for accessible living spaces. By providing these housing solutions, Phipps plays a crucial role in enhancing the quality of life for residents, promoting stability, and contributing to the overall socio-economic well-being of the area. Their commitment to affordable housing helps foster diverse and inclusive communities, allowing individuals and families to thrive in an otherwise challenging housing market.
This information is meant to be a general summary of Phipps Affordable 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: $730
- Program Service Revenue: $288,665
- Gross Receipts: $319,352
Assets and Liabilities:
- Total Assets: $1,860,660
- Total Liabilities: $161,022
- Net Assets: $1,699,638
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$288,665
Organization Details
Founding Year
2002
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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