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PHIPPS HOUSES
NEW YORK, NY · EIN 111187480 · Form 990 · FY2024 · Very Large (>$50M) · phippsny.org
revenue
$110.9M
expenses
$19.0M
net assets
$972.1M
employees
27
volunteers
17
program ratio
45%
mission · from form 990

TO PROVIDE, PROMOTE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME RESIDENTS.

profile · synthesized from sources

Phipps Houses is a New York-based nonprofit that develops and manages affordable housing for low- and moderate-income residents, primarily in the Bronx. Through its affiliate Phipps Neighborhoods, it delivers comprehensive education, career, and social services to youth and families. The organization operates community schools, after-school programs, workforce training, food access initiatives, and resident support services, combining housing with place-based programming to strengthen communities.

named programs · 11 · from sources

What they call their work

After School & Summer Camp
Free academic enrichment and recreational programs for Bronx youth in grades K–12, offered through schools and community centers, focusing on learning, wellness, and creative development.
Bridge to College & Careers
College and career readiness program serving over 225 high school students annually with college advising, career assessments, work-based learning, and transition planning.
Career Network
Free workforce training in healthcare and construction fields, combining academic preparation, hands-on experience, and job placement after graduation.
Community Centers
Free centers in the Bronx offering academic, arts, wellness, and recreational programs for youth, adults, and seniors.
Community Schools
School-based hubs that connect students and families to academic support, health services, and community resources through partnerships with public schools.
Direct Placement for Employment
Service that connects job seekers with employment opportunities aligned with their skills and career goals through personalized guidance.
Early Childhood Education
Program providing nurturing, inclusive early learning experiences for young children, including Head Start services in the Bronx.
Food Access
Monthly food distribution services providing nutritious food to Phipps residents and community members.
Makerspace
Free access to tools, technology, and workshops for individuals aged 14 and older to foster innovation and skill-building.
Resident Services
Wraparound support including case management, senior services, and job search assistance for affordable housing residents.
Youth Employment
Summer Youth Employment Program and Work, Learn, Grow initiative that provides job experience, skills training, and academic advancement for youth.
activities · 11 groups

What they do

  • Affordable Housing Development and Management 1 activity
    • Affordable housing development and management
      Develops, manages, and maintains affordable housing units for low- and moderate-income residents across New York City, with a portfolio of over 33,500 residents. Projects include the Phipps Garden Apartments in Queens, workforce housing for hospital staff in Manhattan, and large-scale developments in the Bronx such as the Lambert Houses and Crotona Park West complex.
  • Workforce Readiness Training 1 activity
    • Career training and employment placement
      Offers free career training programs in healthcare and construction, including academic preparation, hands-on experience, and job placement after graduation. Provides direct employment placement services and operates youth employment initiatives such as the Summer Youth Employment Program and Work, Learn, Grow.
  • College Access and Success Support 1 activity
    • College and career readiness for youth
      Serves over 225 high school students annually in the Bronx through college navigation, financial aid guidance, scholarship support, and work experiences. Achieves a 90% postsecondary matriculation rate and supports half of participants in completing a work experience.
  • Community Stewardship Volunteer Programs 1 activity
    • Community engagement and beautification
      Engages volunteers in community beautification efforts such as garden maintenance and clean-up events, strengthening neighborhood environments.
  • Community Makerspace Access and Training 1 activity
    • Community technology and creativity programs
      Operates a Makerspace program that offers free access to tools, equipment, and workshops for individuals aged 14 and older, fostering creativity and skill-building through volunteer instruction.
  • Early Childhood Education & Development Programs 1 activity
    • Early childhood education
      Provides early childhood education through Head Start and other developmental programs focused on love, learning, and inclusivity, including the Phipps CDC Daly Head Start Center in the Bronx.
  • Food Distribution and Hunger Relief 1 activity
    • Food distribution services
      Distributes over 114,000 nutritious meals annually to Phipps families and provides monthly food distribution through food pantries where volunteers package and prepare food bags for residents and community members.
  • Tenant Legal Advocacy & Support Services 1 activity
    • Resident service delivery infrastructure
      Provides online systems via RentCafé for rent payments and maintenance requests, improving access to housing management services for residents.
  • Senior Independence Support Services 1 activity
    • Senior and resident support services
      Provides wraparound services for residents including case management, senior services, and digital skills training through a Naturally Occurring Retirement Community (NORC) center. Offers crisis assistance and job search guidance.
  • After-School Academic and Enrichment Programs 1 activity
    • Youth education and enrichment programs
      Operates after-school, summer camp, and academic support programs for youth from kindergarten through 12th grade in the Bronx, including the Phipps Summer Camp and Beacon School model. Programs provide educational, recreational, arts, and wellness activities, with volunteer-led skill-sharing and school-based support.
  • Uncategorized 1 activity
    • Community facility leasing and management
      Offers ground-floor commercial space for lease at 331 and 333 East 29th Street, totaling 9,521 square feet across two buildings, supporting local business and community use.
financials · form 990 · fy2024
revenue
Total revenue$110.93M
Contributions & grants$25.29M23%
Program service revenue$41.29M37%
Investment income$34.22M31%
Other revenue$10.13M
expenses
Total expenses$18.96M
Program expenses45%
Admin / overhead55%
Fundraising0%
Salaries & benefits$8.05M
Grants paid out$217K
Largest expense lineCompensation
balance sheet
Total assets$994.10M
Cash$56.24M
Investments$338.52M
Liabilities$21.96M
Net assets$972.14M
Liquid reserves249.9 mo
4 years on record · 2019–2024 · YoY revenue +27.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 12
NameTitleHours/wkCompensation
ADAM WEINSTEIN PRESIDENT/CEO 30 $1.04M
JAMES ROBERT PIGOTT JR VICE PRESIDENT AND SECRETA 30 $455K
COLLEEN MCAULIFFE HUMAN RESOURCES DIRECTOR 15 $404K
MICHAEL WADMAN VP PROPERTY DEVELOPMENT 30 $381K
LUKEMAN OGUNYINKA CFO/TREASURER 30 $367K
CATHY PENNINGTON VICE PRESIDENT 15 $360K
ANDRE WHITE VICE PRESIDENT 1 $347K
MATTHEW WASHINGTON CHIEF OF STAFF 40 $320K
MATTHEW KELLY OUTGOING VP PROPERTY DEVELOPMENT 30 $311K
JOHN STEVEN LOVCI VP CAPITAL PROJECTS & PRECONSTRUCTION 40 $276K
GENNADIY TRAKHTMAN DIRECTOR OF MIS 15 $245K
CARMELO TORRES ASSISTANT DIRECTOR 40 $189K
board members · 13
  • ABBE BOROK — TRUSTEE
  • ANDREW SIDAMON-ERISTOFF — TRUSTEE
  • BORIS GUTIN — TRUSTEE
  • DARCY STACOM — TRUSTEE
  • DITA AMORY — TRUSTEE
  • DONALD NOTICE — TRUSTEE
  • DR FELIX MATOS-RODRIGUEZ — TRUSTEE
  • DR OXIRIS BARBOT — TRUSTEE
  • JAY NEVELOFF — CHAIRMAN
  • PETER DUNCAN — TRUSTEE
  • RICHARD KESSLER — TRUSTEE
  • RONAY MENSCHEL — TRUSTEE
  • SCOTT POWELL — TRUSTEE
relationships · 12

Who they work with

  • Department of Youth and Community Development Partner — Partnership to operate free after school and summer camp programs in the Bronx.
  • East Bronx Academy for the Future Partner — Community school partner where the Bridge to College & Careers program is implemented.
  • Jonathan Rose Companies Partner — Collaborated with Phipps to win an international design competition for the Via Verde affordable housing project.
  • Metropolitan High School Partner — Community school partner where the Bridge to College & Careers program is implemented.
  • New York City Department of Youth Services Government — Funded the creation of the first Beacon School program by Phipps Community Development Corporation.
  • New York Presbyterian Hospital Partner — Partnered with Phipps Houses to develop over 1,500 workforce housing units for hospital staff.
  • Phipps Houses Partner — Offers commercial spaces for rent to companies seeking to collaborate in building thriving communities
  • Phipps Neighborhoods Partner — Social service arm founded by Phipps Houses in 1972 to provide education, career development, and case support programs.
  • RentCafé Partner — Technology partner providing online portal for rent payments and maintenance requests.
  • Wings Academy Partner — Community school partner where the Bridge to College & Careers program is implemented.
  • city or state entity Government — Phipps operates some sites through contracts with city or state entities, requiring coordinated HR clearance processes for volunteers.
  • schools Partner — Partners with schools to deliver services through the Community Schools program.
strategies · 5

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • College and Career Readiness Through Integrated Pathways
    methodology: college_and_career_readiness_pathway
    By aligning college advising, career assessments, and work-based learning with labor market trends, students are better prepared for postsecondary success because their development is connected to real-world opportunities and future economic demands.
  • Community-Based Development and Representation
    methodology: community-economic-development
    By recruiting staff from local communities and locating commercial spaces in high-traffic urban areas, economic and social inclusion are strengthened because residents see themselves reflected in the organization and benefit from local investment.
  • Integrated Housing and Services Model
    methodology: integrated_housing_and_services
    By combining affordable housing with on-site social services, residents achieve greater stability and self-sufficiency because their housing and personal support needs are addressed simultaneously in a coordinated way.
  • Supportive Services for Resident Stability
    methodology: supportive_services
    By providing ongoing supportive services beyond housing—such as coaching, education, and community integration—residents build self-sufficiency because sustained engagement addresses root causes of instability.
  • Youth Development Through Relationship and Project-Based Learning
    methodology: relationship-driven model
    By combining relationship-driven support with project-based learning and evidence-based social-emotional curricula, students develop academically and personally because they are engaged through trust, relevance, and structured skill-building.