Civic Intelligence

63 Thompson Street Housing Development

EIN 27-0646479 • 501(c)4 • New York, NY

Profile

63 thompson street housing development fund corporation was organized exclusively for the purpose of developing, owning and operating, on a non-profit basis, a housing project for persons of low income.

902 Broadway 13th FloorNew York, NY 10010-6033

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.25x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

21.20x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Net Margin

8th percentile

-32%

Higher net margin than 8% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

99th percentile

$990,213

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 203.8% of source-year revenue.

$5M-$10M nonprofits • Source year 2024

Asset Growth

26th percentile

-1.5%

Faster asset growth than 26% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

52nd percentile

8.7%

Faster revenue growth than 52% of similar nonprofits.

501(c)4 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$8,268,766

Down $212,092 (-2.5%) from 2023

Liabilities

Down

$10,302,266

Down $55,891 (-0.5%) from 2023

Net Assets

Down

-$2,033,500

Down $156,201 (-8.3%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Down

$485,891

Down $6,481 (-1.3%) from 2023

Expenses

Up

$642,092

Up $97,228 (+18%) from 2023

Net Income

Down

-$156,201

Down $103,709 (-198%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0-$5.0MAssets 2012: $10,466,632Liabilities 2012: $10,584,214Net Assets 2012: -$117,5822012Assets 2013: $10,453,625Liabilities 2013: $10,591,640Net Assets 2013: -$138,0152013Assets 2014: $10,146,997Liabilities 2014: $10,694,158Net Assets 2014: -$547,1612014Assets 2015: $9,943,537Liabilities 2015: $10,631,806Net Assets 2015: -$688,2692015Assets 2016: $9,775,509Liabilities 2016: $10,615,498Net Assets 2016: -$839,9892016Assets 2017: $9,549,723Liabilities 2017: $10,544,371Net Assets 2017: -$994,6482017Assets 2018: $9,421,074Liabilities 2018: $10,490,483Net Assets 2018: -$1,069,4092018Assets 2019: $9,124,839Liabilities 2019: $10,437,100Net Assets 2019: -$1,312,2612019Assets 2020: $8,948,487Liabilities 2020: $10,403,975Net Assets 2020: -$1,455,4882020Assets 2021: $8,681,626Liabilities 2021: $10,376,763Net Assets 2021: -$1,695,1372021Assets 2022: $8,524,997Liabilities 2022: $10,349,804Net Assets 2022: -$1,824,8072022Assets 2023: $8,480,858Liabilities 2023: $10,358,157Net Assets 2023: -$1,877,2992023Assets 2024: $8,268,766Liabilities 2024: $10,302,266Net Assets 2024: -$2,033,5002024

Highlighted filing

2024

Assets$8,268,766
Liabilities$10,302,266
Net Assets-$2,033,500
Open 2024 Filing

Operations Trend

Revenue Growth52nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2012: $300,4412012Expenses 2013: $505,9862013Revenue 2014: $424,909Expenses 2014: $809,622Net Income 2014: -$384,7132014Revenue 2015: $446,348Expenses 2015: $587,786Net Income 2015: -$141,4382015Revenue 2016: $455,934Expenses 2016: $607,908Net Income 2016: -$151,9742016Revenue 2017: $460,526Expenses 2017: $613,095Net Income 2017: -$152,5692017Revenue 2018: $447,015Expenses 2018: $517,064Net Income 2018: -$70,0492018Revenue 2019: $523,174Expenses 2019: $766,237Net Income 2019: -$243,0632019Revenue 2020: $518,508Expenses 2020: $658,887Net Income 2020: -$140,3792020Revenue 2021: $409,453Expenses 2021: $647,889Net Income 2021: -$238,4362021Revenue 2022: $410,958Expenses 2022: $540,569Net Income 2022: -$129,6112022Revenue 2023: $492,372Expenses 2023: $544,864Net Income 2023: -$52,4922023Revenue 2024: $485,891Expenses 2024: $642,092Net Income 2024: -$156,2012024

Highlighted filing

2024

Revenue$485,891
Expenses$642,092
Net Income-$156,201
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,268,766
Liabilities
$10,302,266
Net assets
-$2,033,500
Revenue
$485,891
Expenses
$642,092
Net income
-$156,201
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.27$10.3$2.03$0.49$0.64$0.16
2023Detailed filing. Detailed filing data is available for this year.$8.48$10.4$1.88$0.49$0.54$0.05
2022Detailed filing. Detailed filing data is available for this year.$8.52$10.3$1.82$0.41$0.54$0.13
2021Detailed filing. Detailed filing data is available for this year.$8.68$10.4$1.70$0.41$0.65$0.24
2020Detailed filing. Detailed filing data is available for this year.$8.95$10.4$1.46$0.52$0.66$0.14
2019Detailed filing. Detailed filing data is available for this year.$9.12$10.4$1.31$0.52$0.77$0.24
2018Detailed filing. Detailed filing data is available for this year.$9.42$10.5$1.07$0.45$0.52$0.07
2017Detailed filing. Detailed filing data is available for this year.$9.55$10.5$0.99$0.46$0.61$0.15
2016Detailed filing. Detailed filing data is available for this year.$9.78$10.6$0.84$0.46$0.61$0.15
2015Detailed filing. Detailed filing data is available for this year.$9.94$10.6$0.69$0.45$0.59$0.14
2014Detailed filing. Detailed filing data is available for this year.$10.1$10.7$0.55$0.42$0.81$0.38
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$10.6$0.14$0.51
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$10.6$0.12$0.30
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$485,891
Mission and Program Overview

Mission

63 thompson street housing development fund corporation was organized exclusively for the purpose of developing, owning and operating, on a non-profit basis, a housing project for persons of low income.

63 thompson street hdfc was organized exclusively for the purpose of developing, owning and operating, on a non-profit basis, a housing project for persons of low income.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,147,281$7,990,374▼ $156,907
Savings and Temporary Cash Investments$136,427$87,364▼ $49,063
Prepaid Expenses and Deferred Charges$17,351$17,314▼ $37
Accounts Receivable$19,230$7,412▼ $11,818
Total Assets$8,480,858$8,268,766▼ $212,092
Other Assets Total$160,569$166,302▲ $5,733
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,292,091$10,252,027▼ $40,064
Accounts Payable and Accrued Expenses$41,550$33,405▼ $8,145
Other Liabilities$10,195$9,975▼ $220
Deferred Revenue$14,321$6,859▼ $7,462
Total Liabilities$10,358,157$10,302,266▼ $55,891
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,877,299$-2,033,500▼ $156,201
Total Net Assets Fund Balance$-1,877,299$-2,033,500▼ $156,201
Total Liabilities and Net Assets / Fund Balance$8,480,858$8,268,766▼ $212,092

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,600,000-$5,600,000
Buildings$2,374,462$1,975,969$4,350,431
Other Land Buildings$6,145$285,995$292,140
Equipment$9,767$60,895$70,662
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Adam WeinsteinPresident/CEO
Matthew KellyVice President
Michael WadmanVice President
James Robert Pigott JrVice President and Secreta
Lukeman OgunyinkaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$462,282
Investment Income
$10,571
Other Revenue
$13,038
Change in Net Assets
$-156,201

Audited Revenue Reconciliation

Revenue per Audited Statements
$485,891
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$485,891
Total Revenue per Form 990
$485,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$437,533
Grants and Similar Amounts Paid$175,000
Salaries, Compensation, and Employee Benefits$29,559
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$175,000--$175,000
Depreciation Depletion$164,990--$164,990
Interest$124,040--$124,040
Occupancy$52,681--$52,681
Other Salaries and Wages$25,051--$25,051
Fees for Services Management-$24,356-$24,356
Insurance$14,038--$14,038
Fees for Services Other-$10,666-$10,666
Fees for Services Accounting-$7,024-$7,024
Office Expenses-$4,394-$4,394
Other Expenses$4,207--$4,207
Payroll Taxes$2,845--$2,845
Information Technology-$1,852-$1,852
Pension Plan Contributions$1,526--$1,526
Fees for Services Legal$600--$600
Other Employee Benefits$137--$137
Total Functional Expenses$593,800$48,292$0$642,092

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$642,092
Total Expenses per Audited Statements$642,092
Total Expenses per Form 990$642,092
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phipps HousesNew York, NY501(c)(4)Promoting Affordable Housing$175,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$9,975
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 35% controlled entity
No
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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The corporation has an agreement with phipps houses services, inc. ("phsi"), an affiliate of phipps, for the management of project operations. Management fees earned by phsi for the year ended june 30, 2024 amounted to $24,356.”

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, Line 15

“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, vice presidents, secretary and treasurer reflects their contributions to not only 63 thompson street. Housing development fund corporation but to all of its affiliated entities. On a consolidated basis, the phipps houses group has annual revenue in excess of over $100 million and assets currently in excess of $2 billion.”

Filing and Contact Details

Filer

Filer Name
63 Thompson Street Housing Development
EIN
27-0646479
Phone
2122439090
Address
902 BROADWAY 13TH FLOOR, NEW YORK, NY 10010-6033

Signing Officer

Name
Lukeman Ogunyinka
Title
Treasurer
Phone
2122439090
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
2009
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
1
Volunteers
0

Preparer

Firm
Cohnreznick Advisory LLC
Address
1301 AVENUE OF THE AMERICAS, NEW YORK, NY 10019
Preparer
Lori Rothe Yokobosky
Phone
2122970400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management has analyzed the tax positions taken by the corporation and has concluded that, as of june 30, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. Income tax returns filed by the corporation are subject to examination by the irs for a period of three years. While no income tax returns are currently being examined by the irs, tax years since 2021 remain open.”

Raw XML AppendixShowing 400 of 1,680 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT AND SECRETA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
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IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BAD DEBTS
IRS990/OtherExpensesGrp/ProgramServicesAmt028685
IRS990/OtherExpensesGrp/ProgramServicesAmt14207
IRS990/OtherExpensesGrp/TotalAmt028685
IRS990/OtherExpensesGrp/TotalAmt14207
IRS990/OtherLiabilitiesGrp/BOYAmt010195
IRS990/OtherLiabilitiesGrp/EOYAmt09975
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01108
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01108
IRS990/OtherRevenueTotalAmt013038
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025051
IRS990/OtherSalariesAndWagesGrp/TotalAmt025051
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02845
IRS990/PayrollTaxesGrp/TotalAmt02845
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01526
IRS990/PensionPlanContributionsGrp/TotalAmt01526
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017351
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017314
IRS990/PrincipalOfficerNm0ADAM WEINSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0462282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0462282
IRS990/ProgSrvcAccomActy2Grp/Desc0GRANT TO PHIPPS HOUSES, AN AFFILIATE ORGANIZATION UNDER IRC 501(C)(4), TO BE USED ONLY FOR THE PURPOSE OF PROMOTING AFFORDABLE HOUSING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0175000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0175000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt085000
IRS990/PYInvestmentIncomeAmt0538
IRS990/PYOtherExpensesAmt0433051
IRS990/PYOtherRevenueAmt037679
IRS990/PYProgramServiceRevenueAmt0454155
IRS990/PYRevenuesLessExpensesAmt0-52492
IRS990/PYSalariesCompEmpBnftPaidAmt026813
IRS990/PYTotalExpensesAmt0544864
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0492372
IRS990/ReconcilationRevenueExpnssAmt0-156201
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0475320
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0136427
IRS990/SavingsAndTempCashInvstGrp/EOYAmt087364
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02374462
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01975969
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04350431
IRS990ScheduleD/EquipmentGrp/BookValueAmt09767
IRS990ScheduleD/EquipmentGrp/DepreciationAmt060895
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt070662
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0642092
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt05600000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt05600000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06145
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0285995
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0292140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0485891
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE CORPORATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07990374
IRS990ScheduleD/TotalExpensesPerForm990Amt0642092
IRS990ScheduleD/TotalLiabilityAmt09975
IRS990ScheduleD/TotalRevenuePerForm990Amt0485891
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0485891
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0642092
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0175000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(4)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PROMOTING AFFORDABLE HOUSING
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/ExplanationTxt063 THOMPSON STREET 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/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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/BonusRelatedOrganizationsAmt0135000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt158000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt260000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt340000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt450000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0660637
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1269887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2267740
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3262790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt4224320
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/DeferredCompRltdOrgsAmt0143252
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt156202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt256202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt356202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt456202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt028824
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt123502
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt217051
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt31813
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt46602
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt022500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt122500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt222500
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADAM WEINSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES ROBERT PIGOTT JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MATTHEW KELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3MICHAEL WADMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4LUKEMAN OGUNYINKA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT AND SECRETA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0990213
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1430091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2423493
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3360805
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt4337124
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0PHIPPS HOUSES, AN AFFILIATE OF THE REPORTING ORGANIZATION PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. PHIPPS HOUSES HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt1ADAM WEINSTEIN, PRESIDENT, IS A PARTICIPANT IN A SECTION 457(F) PLAN THAT REQUIRES HIM TO PERFORM SERVICES FOR A PERIOD OF TIME. HE HAS RECEIVED J INSTRUCTIONS) THESE AMOUNTS ARE TREATED AS ACCRUED OR EARNED EARNED DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART ANNUAL AWARDS BEGINNING IN 2017 AND (CONSISTENT WITH IRS FORM 990, SCHEDULE RATABLY OVER THE COURSE OF THE SERVICE PERIOD. $87,050 IS REPORTED AS II, COLUMN (C).
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B:
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS AN AGREEMENT WITH PHIPPS HOUSES SERVICES, INC. ("PHSI"), AN AFFILIATE OF PHIPPS, FOR THE MANAGEMENT OF PROJECT OPERATIONS. MANAGEMENT FEES EARNED BY PHSI FOR THE YEAR ENDED JUNE 30, 2024 AMOUNTED TO $24,356.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE ORGANIZATION'S GOVERNING BODY REVIEW THE FORM 990 FOR ACCURACY OF CONTENT AND DISCUSS AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS AND DIRECTORS MUST COMPLETE AND CERTIFY ANNUALLY A LIST OF CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION OF THE PRESIDENT, VICE PRESIDENTS, SECRETARY AND TREASURER REFLECTS THEIR CONTRIBUTIONS TO NOT ONLY 63 THOMPSON STREET. HOUSING DEVELOPMENT FUND CORPORATION BUT TO ALL OF ITS AFFILIATED ENTITIES. ON A CONSOLIDATED BASIS, THE PHIPPS HOUSES GROUP HAS ANNUAL REVENUE IN EXCESS OF OVER $100 MILLION AND ASSETS CURRENTLY IN EXCESS OF $2 BILLION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, SECTION A:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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