Phipps Houses

“The executive committee of the organization's board receives a copy of form 990 prior to submission. The executive committee reviews and approves form 990.”

“Officers, directors, and key employees must complete and certify annually a list of conflicts of interest.”

“Every third year, outside consultants are hired to conduct a comparative compensation survey. Additionally, various salary studies and Form 990's of comparable organizations are reviewed on an annual basis. After review of aforementioned and further deliberation, the Compensation Committee approves compensation for all officers and key employees. A comparative compensation survey was completed in 2017.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“The compensation of the president, vice presidents, secretary and treasurer reflects their contributions to not only phipps houses but to all of its affiliated entities. On a consolidated basis, in 2018, the phipps houses group had revenue of $111 million and assets of $1.3 billion.”

“Regulation reference: 168(h)(6)(f)(ii) name: elton crossing housing development fund ein: 47-3675379 address: 902 broadway, 13th floor, new york, ny 10010-6033 tax year: 2019 the taxpayer is a tax-exempt controlled entity and hereby elects pursuant to irc 168(h)(6)(f)(ii), to not be treated as a tax-exempt entity. Any gain recognized by the entity on any disposition of an interest in such entity shall be treated as unrelated business taxable income for purposes of section 511.”

“Regulation reference: 168(h)(6)(f)(ii) name: 988 east 180th street management corp. Ein: 81-2951738 address: 902 broadway, 13th floor, new york, ny 10010-6033 tax year: 2019 the taxpayer is a tax-exempt controlled entity and hereby elects pursuant to irc 168(h)(6)(f)(ii), to not be treated as a tax-exempt entity. Any gain recognized by the entity on any disposition of an interest in such entity shall be treated as unrelated business taxable income for purposes of section 511.”

“Regulation reference: 168(h)(6)(f)(ii) name: 988 east 180 street moderate mm corp ein: 82-1597648 address: 902 broadway, 13th floor, new york, ny 10010-6033 tax year: 2019 the taxpayer is a tax-exempt controlled entity and hereby elects pursuant to irc 168(h)(6)(f)(ii), to not be treated as a tax-exempt entity. Any gain recognized by the entity on any disposition of an interest in such entity shall be treated as unrelated business taxable income for purposes of section 511.”

“Regulation reference: 168(h)(6)(f)(ii) name: 988 east 180 street housing development fund ein: 81-3673614 address: 902 broadway, 13th floor, new york, ny 10010-6033 tax year: 2019 the taxpayer is a tax-exempt controlled entity and hereby elects pursuant to irc 168(h)(6)(f)(ii), to not be treated as a tax-exempt entity. Any gain recognized by the entity on any disposition of an interest in such entity shall be treated as unrelated business taxable income for purposes of section 511.”