Civic Intelligence

Phipps Affordable Housing Development Fund Corporation

990 • Fiscal year 2015 • EIN 27-0018002

Oct 01, 2014 to Sep 30, 2015 • Filed on Jul 21, 2016

Organization ProfileN/A
902 Broadway 13th FloorNew York, NY 10010-6033

(212) 243-9090

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.06x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.33x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Net Margin

5th percentile

-51%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

100th percentile

$762,050

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 257.3% of source-year revenue.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2015

Asset Growth

14th percentile

-7.6%

Faster asset growth than 14% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-4.6%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,780,105

Down $145,394 (-7.6%) from 2014

Net Assets

Down

$1,682,059

Down $150,750 (-8.2%) from 2014

Liabilities

Up

$98,046

Up $5,356 (+5.8%) from 2014

Revenue And Expenses
Liabilities / Revenue64th percentileNet Margin5th percentile

Revenue

Down

$296,193

Down $14,224 (-4.6%) from 2014

Expenses

Up

$446,943

Up $73,970 (+20%) from 2014

Net Income

Down

-$150,750

Down $88,194 (-141%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,036,339Liabilities 2011: $81,125Net Assets 2011: $1,955,2142011Assets 2012: $2,035,533Liabilities 2012: $77,935Net Assets 2012: $1,957,5982012Assets 2013: $2,033,132Liabilities 2013: $137,767Net Assets 2013: $1,895,3652013Assets 2014: $1,925,499Liabilities 2014: $92,690Net Assets 2014: $1,832,8092014Assets 2015: $1,780,105Liabilities 2015: $98,046Net Assets 2015: $1,682,0592015Assets 2016: $6,242,401Liabilities 2016: $135,014Net Assets 2016: $6,107,3872016Assets 2017: $2,153,816Liabilities 2017: $129,355Net Assets 2017: $2,024,4612017Assets 2018: $2,114,422Liabilities 2018: $135,534Net Assets 2018: $1,978,8882018Assets 2019: $2,117,524Liabilities 2019: $143,839Net Assets 2019: $1,973,6852019Assets 2020: $2,031,448Liabilities 2020: $152,346Net Assets 2020: $1,879,1022020Assets 2021: $1,907,111Liabilities 2021: $155,688Net Assets 2021: $1,751,4232021Assets 2022: $1,860,660Liabilities 2022: $161,022Net Assets 2022: $1,699,6382022Assets 2023: $1,877,710Liabilities 2023: $208,808Net Assets 2023: $1,668,9022023Assets 2024: $1,814,749Liabilities 2024: $201,774Net Assets 2024: $1,612,9752024

Highlighted filing

2015

Assets$1,780,105
Liabilities$98,046
Net Assets$1,682,059
Open 2015 Filing

Operations Trend

Revenue Growth29th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$5.0M$0-$5.0MExpenses 2011: $228,3162011Expenses 2012: $223,3362012Expenses 2013: $374,2892013Revenue 2014: $310,417Expenses 2014: $372,973Net Income 2014: -$62,5562014Revenue 2015: $296,193Expenses 2015: $446,943Net Income 2015: -$150,7502015Revenue 2016: $4,771,472Expenses 2016: $346,144Net Income 2016: $4,425,3282016Revenue 2017: $307,249Expenses 2017: $4,390,175Net Income 2017: -$4,082,9262017Revenue 2018: $312,117Expenses 2018: $357,690Net Income 2018: -$45,5732018Revenue 2019: $308,792Expenses 2019: $313,995Net Income 2019: -$5,2032019Revenue 2020: $294,117Expenses 2020: $388,700Net Income 2020: -$94,5832020Revenue 2021: $288,952Expenses 2021: $416,631Net Income 2021: -$127,6792021Revenue 2022: $319,352Expenses 2022: $371,137Net Income 2022: -$51,7852022Revenue 2023: $388,342Expenses 2023: $419,078Net Income 2023: -$30,7362023Revenue 2024: $339,580Expenses 2024: $395,507Net Income 2024: -$55,9272024

Highlighted filing

2015

Revenue$296,193
Expenses$446,943
Net Income-$150,750
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jul 21, 2016
Return Version
2014v6.0
Gross Receipts
$296,193
Mission and Program Overview

Mission

To provide affordable housing to low and moderate-income persons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,514,295$1,467,364▼ $46,931
Savings and Temporary Cash Investments$185,565$107,621▼ $77,944
Prepaid Expenses and Deferred Charges$81,777$99,167▲ $17,390
Cash and Non-Interest-Bearing Accounts$78,735$43,823▼ $34,912
Accounts Receivable$11,129$7,676▼ $3,453
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,925,499$1,780,105▼ $145,394
Other Assets Total$53,998$54,454▲ $456
Liabilities
Accounts Payable and Accrued Expenses$92,690$98,046▲ $5,356
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$92,690$98,046▲ $5,356
Net Assets / Fund Balance
Unrestricted Net Assets$1,832,809$1,682,059▼ $150,750
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$1,832,809$1,682,059▼ $150,750
Total Liabilities and Net Assets / Fund Balance$1,925,499$1,780,105▼ $145,394

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$717,967$554,555$1,272,522
Land$743,500-$743,500
Equipment$5,897$8,273$14,170
Compensation and Service Providers
Top Officer Pay100th percentile

Board Members and Trustees

NameTitle
Adam WeinsteinPresident
Matthew KellyVice President
Michael WadmanVice President
James Robert Pigott JrVice President and Secretary
Gregory BreskinDirector
Brian BrickerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$271,390
Investment Income
$2,442
Other Revenue
$22,361
Change in Net Assets
$-150,750

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,193
Total Revenue per Audited Statements
$296,193
Total Revenue per Form 990
$296,193
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$276,049
Grants and Similar Amounts Paid$150,000
Salaries, Compensation, and Employee Benefits$20,894
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,000--$150,000
Occupancy$123,226--$123,226
Depreciation Depletion$51,582--$51,582
Insurance$20,483--$20,483
Fees for Services Management-$16,101-$16,101
Other Salaries and Wages$15,899--$15,899
Fees for Services Legal-$13,753-$13,753
Fees for Services Accounting-$5,690-$5,690
Fees for Services Other$3,797--$3,797
All Other Expenses$2,687--$2,687
Other Employee Benefits$1,896--$1,896
Pension Plan Contributions$1,884--$1,884
Information Technology$1,626--$1,626
Office Expenses$1,462--$1,462
Payroll Taxes$1,215--$1,215
Other Expenses$485$21,881-$485
Total Functional Expenses$389,518$57,425$0$446,943

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$446,943
Total Expenses per Audited Statements$446,943
Total Expenses per Form 990$446,943
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phipps HousesNew York, NY501(c)(4)Promoting Affordable$150,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 6:

“The sole member of the organization is phipps houses.”

FORM 990, PART VI, SECTION A, LINE 7A:

“As the sole member of the organization, phipps houses has the right to elect the members of the organization's board of directors.”

FORM 990, PART VI, SECTION A, LINE 7B:

“Under new york state law, certain governance decisions require membership approval.”

FORM 990, PART VI, SECTION B, LINE 11B:

“Members of the organization's governing body review the form 990 for accuracy of content and discuss as necessary.”

FORM 990, PART VI, SECTION B, LINE 12C:

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

FORM 990, PART VI, SECTION B, LINES 15A AND 15B:

“The organization does not compensate any officers or key employees.”

FORM 990, PART VI, SECTION C, LINE 19:

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

FORM 990, PART VII, SECTION A:

“The compensation of the president and ceo (paid by phipps houses) reflects his contributions to all affiliated entities. On a consolidated basis, in 2014, the phipps houses group had revenue of $169 million and assets of $1.058 billion.”

Filing and Contact Details

Filer

Filer Name
Phipps Affordable Housing
EIN
27-0018002
In Care Of
% BRIAN BRICKER
Phone
2122439090
Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY 10010-6033

Signing Officer

Name
Brian Bricker
Title
Treasurer
Phone
2122439090
Signed
2016-07-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
2002
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
1
Employees
2
Volunteers
1

Preparer

Firm
Bdo USA Llp
Address
100 PARK AVENUE, NEW YORK, NY 10017-5001
Preparer
Paul Hammerschmidt
Phone
2128858000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Phipps affordable housing development fund corporation has not taken an unsubstantiated tax position that would require provision of a liability under asc no. 740, "income taxes", and accounting standards update 2009-06, "implementation guidance on accounting for uncertainty in income taxes and disclosure adjustments for nonpublic entities." as of september 30, 2015, the years still subject to audit are fiscal 2012 through 2015.”

Raw XML AppendixShowing 400 of 1,846 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt092690
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt098046
IRS990/AccountsReceivableGrp/BOYAmt011129
IRS990/AccountsReceivableGrp/EOYAmt07676
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME PERSONS.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02687
IRS990/AllOtherExpensesGrp/TotalAmt02687
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0BRIAN BRICKER
IRS990/BooksInCareOfDetail/PhoneNum02122439090
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0902 BROADWAY 13TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0NEW YORK
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NY
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0100106033
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt078735
IRS990/CashNonInterestBearingGrp/EOYAmt043823
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0150000
IRS990/CYInvestmentIncomeAmt02442
IRS990/CYOtherExpensesAmt0276049
IRS990/CYOtherRevenueAmt022361
IRS990/CYProgramServiceRevenueAmt0271390
IRS990/CYRevenuesLessExpensesAmt0-150750
IRS990/CYSalariesCompEmpBnftPaidAmt020894
IRS990/CYTotalExpensesAmt0446943
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0296193
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt00
IRS990/DeferredRevenueGrp/EOYAmt00
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt051582
IRS990/DepreciationDepletionGrp/TotalAmt051582
IRS990/Desc0TO PROVIDE LOW AND MODERATE-INCOME HOUSING - THE ORGANIZATION OPERATES A 7-UNIT AND A 16-UNIT HOUSING PROJECT IN THE BOROUGH OF MANHATTAN.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
IRS990/EscrowAccountLiabilityGrp/EOYAmt00
IRS990/ExpenseAmt0389518
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05690
IRS990/FeesForServicesAccountingGrp/TotalAmt05690
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt013753
IRS990/FeesForServicesLegalGrp/TotalAmt013753
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt016101
IRS990/FeesForServicesManagementGrp/TotalAmt016101
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt03797
IRS990/FeesForServicesOtherGrp/TotalAmt03797
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt240.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt440.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt540.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.0
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt054265
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt151585
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt246689
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt448881
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt543441
IRS990/Form990PartVIISectionAGrp/PersonNm0ADAM WEINSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES ROBERT PIGOTT JR
IRS990/Form990PartVIISectionAGrp/PersonNm2BRIAN BRICKER
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGORY BRESKIN
IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW KELLY
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL WADMAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0707785
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1251790
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2225687
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4248524
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt5194805
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0150000
IRS990/GrantsPayableGrp/BOYAmt00
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0150000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0150000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0296193
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt01
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt01626
IRS990/InformationTechnologyGrp/TotalAmt01626
IRS990/InsuranceGrp/ProgramServicesAmt020483
IRS990/InsuranceGrp/TotalAmt020483
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt02442
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt02442
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0562828
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01514295
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01467364
IRS990/LandBldgEquipCostOrOtherBssAmt02030192
IRS990/LegalDomicileStateCd0NY
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME PERSONS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt01832809
IRS990/NetAssetsOrFundBalancesEOYAmt01682059
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0123226
IRS990/OccupancyGrp/TotalAmt0123226
IRS990/OfficeExpensesGrp/ProgramServicesAmt01462
IRS990/OfficeExpensesGrp/TotalAmt01462
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt053998
IRS990/OtherAssetsTotalGrp/EOYAmt054454
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01896
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01896
IRS990/OtherExpensesGrp/Desc0ADMINISTERING AGENT FEES
IRS990/OtherExpensesGrp/Desc1BAD DEBTS EXPENSE
IRS990/OtherExpensesGrp/Desc2FILING FEES
IRS990/OtherExpensesGrp/Desc3PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt021881
IRS990/OtherExpensesGrp/ProgramServicesAmt012514
IRS990/OtherExpensesGrp/ProgramServicesAmt1762
IRS990/OtherExpensesGrp/ProgramServicesAmt2485
IRS990/OtherExpensesGrp/TotalAmt021881
IRS990/OtherExpensesGrp/TotalAmt112514
IRS990/OtherExpensesGrp/TotalAmt2762
IRS990/OtherExpensesGrp/TotalAmt3485
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0ADMINISTERING AGENT FEES
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt021881
IRS990/OtherRevenueMiscGrp/ExclusionAmt1480
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt021881
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1480
IRS990/OtherRevenueTotalAmt022361
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt015899
IRS990/OtherSalariesAndWagesGrp/TotalAmt015899
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01215
IRS990/PayrollTaxesGrp/TotalAmt01215
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01884
IRS990/PensionPlanContributionsGrp/TotalAmt01884
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt081777
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt099167
IRS990/PrincipalOfficerNm0ADAM WEINSTEIN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0271390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0271390
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt0731
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0255469
IRS990/PYOtherRevenueAmt042275
IRS990/PYProgramServiceRevenueAmt0267411
IRS990/PYRevenuesLessExpensesAmt0-62556
IRS990/PYSalariesCompEmpBnftPaidAmt017504
IRS990/PYTotalExpensesAmt0372973
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0310417
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-150750
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0271390
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0185565
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0107621
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0717967
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0554555
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01272522
IRS990ScheduleD/EquipmentGrp/BookValueAmt05897
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08273
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt014170
IRS990ScheduleD/ExpensesSubtotalAmt0446943
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0743500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0743500
IRS990ScheduleD/RevenueSubtotalAmt0296193
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER ASC NO. 740, "INCOME TAXES", AND ACCOUNTING STANDARDS UPDATE 2009-06, "IMPLEMENTATION GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND DISCLOSURE ADJUSTMENTS FOR NONPUBLIC ENTITIES." AS OF SEPTEMBER 30, 2015, THE YEARS STILL SUBJECT TO AUDIT ARE FISCAL 2012 THROUGH 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01467364
IRS990ScheduleD/TotalExpensesPerForm990Amt0446943
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt0296193
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0296193
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0446943
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(4)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROMOTING AFFORDABLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PHIPPS HOUSES
IRS990ScheduleI/RecipientTable/RecipientEIN0111187480
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0902 BROADWAY 13TH FL
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010010
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION MAKES CONTRIBUTIONS ONLY TO AFFILIATED NOT-FOR-PROFIT ENTITIES AND ONLY FOR THE PURPOSE OF PROMOTING AFFORDABLE HOUSING.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0175000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt137000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt232000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt326000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt435000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0515285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1214790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2216524
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3155805
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4180687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt026988
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt126136
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt225797
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt320221
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt423426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt027277
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt125449
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt223084
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt323220
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt423263
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,780,105
Liabilities
$98,046
Net assets
$1,682,059
Revenue
$296,193
Expenses
$446,943
Net income
-$150,750
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.81$0.20$1.61$0.34$0.40$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.88$0.21$1.67$0.39$0.42$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.86$0.16$1.70$0.32$0.37$0.05
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.16$1.75$0.29$0.42$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.03$0.15$1.88$0.29$0.39$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.12$0.14$1.97$0.31$0.31$0.01
2018Detailed filing. Detailed filing data is available for this year.$2.11$0.14$1.98$0.31$0.36$0.05
2017Detailed filing. Detailed filing data is available for this year.$2.15$0.13$2.02$0.31$4.39$4.08
2016Detailed filing. Detailed filing data is available for this year.$6.24$0.14$6.11$4.77$0.35$4.43
2015Detailed filing. Detailed filing data is available for this year.$1.78$0.10$1.68$0.30$0.45$0.15
2014Detailed filing. Detailed filing data is available for this year.$1.93$0.09$1.83$0.31$0.37$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.03$0.14$1.90$0.37
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.08$1.96$0.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.04$0.08$1.96$0.23