Civic Intelligence

Ph Affordable Housing Fund Inc

EIN 82-3550963 • 501(c)3 • New York, NY

Profile

To support promote affordable housing, low-income and supportive housing projects and community development initiatives and activities.

257 Park Avenue South 12th FloorNew York, NY 10010

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.00x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

126.58x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

8th percentile

-28%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

85th percentile

23%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

47%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$73,801,136

Up $13,674,966 (+23%) from 2023

Liabilities

Up

$73,642,893

Up $13,838,196 (+23%) from 2023

Net Assets

Down

$158,243

Down $163,230 (-51%) from 2023

Revenue

Up

$581,793

Up $186,090 (+47%) from 2023

Expenses

Up

$745,023

Up $271,965 (+57%) from 2023

Net Income

Down

-$163,230

Down $85,875 (-111%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2020: $43,930,371Liabilities 2020: $43,887,743Net Assets 2020: $42,6282020Assets 2021: $52,751,929Liabilities 2021: $52,549,723Net Assets 2021: $202,2062021Assets 2022: $53,401,359Liabilities 2022: $53,002,531Net Assets 2022: $398,8282022Assets 2023: $60,126,170Liabilities 2023: $59,804,697Net Assets 2023: $321,4732023Assets 2024: $73,801,136Liabilities 2024: $73,642,893Net Assets 2024: $158,2432024

Highlighted filing

2024

Assets$73,801,136
Liabilities$73,642,893
Net Assets$158,243

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2020: $100,253Expenses 2020: $57,625Net Income 2020: $42,6282020Revenue 2021: $322,687Expenses 2021: $163,109Net Income 2021: $159,5782021Revenue 2022: $568,716Expenses 2022: $372,094Net Income 2022: $196,6222022Revenue 2023: $395,703Expenses 2023: $473,058Net Income 2023: -$77,3552023Revenue 2024: $581,793Expenses 2024: $745,023Net Income 2024: -$163,2302024

Highlighted filing

2024

Revenue$581,793
Expenses$745,023
Net Income-$163,230

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$581,793
Mission and Program Overview

Mission

To support promote affordable housing, low-income and supportive housing projects and community development initiatives and activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$55,225,465$69,058,099▲ $13,832,634
Other Notes and Loans Receivable, Net$4,420,293$4,420,293→ $0
Accounts Receivable$124,557$158,012▲ $33,455
Prepaid Expenses and Deferred Charges$68,917$77,363▲ $8,446
Cash and Non-Interest-Bearing Accounts$236,938$37,369▼ $199,569
Total Assets$60,126,170$73,801,136▲ $13,674,966
Other Assets Total$50,000$50,000→ $0
Liabilities
Other Liabilities$50,313,224$65,465,588▲ $15,152,364
Unsecured Notes Loans Payable$4,420,293$4,420,293→ $0
Accounts Payable and Accrued Expenses$4,974,903$3,683,793▼ $1,291,110
Escrow Account Liability$96,277$73,219▼ $23,058
Total Liabilities$59,804,697$73,642,893▲ $13,838,196
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$321,473$158,243▼ $163,230
Total Net Assets Fund Balance$321,473$158,243▼ $163,230
Total Liabilities and Net Assets / Fund Balance$60,126,170$73,801,136▲ $13,674,966

Asset Categories

AssetBook ValueDepreciationBasis
Land$50,908,533-$50,908,533
Equipment$13,688,026-$13,688,026
Buildings$4,461,540$38,225$4,499,765
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam WeinsteinPresident/CEO
James Robert Pigott JrVice President/secretary
Lukeman OgunyinkaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$581,793
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-163,230
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$569,810
Other Expenses$175,213
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$569,810--$569,810
Occupancy$163,679--$163,679
Fees for Services Legal$2,619--$2,619
Fees for Services Other$1,663--$1,663
Office Expenses$956--$956
Fees for Services Accounting$867--$867
Other Expenses$300--$300
Total Functional Expenses$745,023$0$0$745,023
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Phipps HousesNew York, NY501(c)(3)The Development or Maintenance of Low-income or Affordable Housing on a Tax Exempt Basis.$569,810
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Phipps Houses$65,465,588
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The sole member of the organization is phipps houses, a related 501(c)(3) organization.

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, Line 15

The organization does not compensate any officer or key employee.

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.

Filing and Contact Details

Filer

Filer Name
Ph Affordable Housing Fund Inc
EIN
82-3550963
Phone
2122439090
Address
257 PARK AVENUE SOUTH 12TH FLOOR, NEW YORK, NY 10010

Signing Officer

Name
Lukeman Ogunyinka
Title
Treasurer
Phone
2122439090
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Weinstein
Formed
2017
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
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

Additional Explanations

Form 990, Part III, Line 1

To loan and grant funds and to provide advisory support and other lawful assistance to organizations engaged in supporting and promoting affordable housing, low-income and supportive housing projects and community development initiatives and activities that qualify as charitable within the meaning of section 501(c)(3) of the internal revenue code.

Financial Statement Notes

PART IV, LINE 2B:

The escrow liability amounts on form 990, part x, line 21 consist of tenant security deposits.

Raw XML AppendixShowing 400 of 1,726 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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS ON FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS.
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IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt159000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt260000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0713535
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1307981
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2276041
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt156202
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt131367
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt29964
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt221200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0ADAM WEINSTEIN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JAMES ROBERT PIGOTT JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2LUKEMAN OGUNYINKA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESIDENT/SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt01043976
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1454550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2367205
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 ANNUAL AWARDS BEGINNING IN 2017 AND (CONSISTENT WITH IRS FORM 990, SCHEDULE J INSTRUCTIONS) THESE AMOUNTS ARE TREATED AS ACCRUED OR EARNED RATABLY OVER THE COURSE OF THE SERVICE PERIOD. $87,050 IS REPORTED AS EARNED DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 4B
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd01
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO LOAN AND GRANT FUNDS AND TO PROVIDE ADVISORY SUPPORT AND OTHER LAWFUL ASSISTANCE TO ORGANIZATIONS ENGAGED IN SUPPORTING AND PROMOTING AFFORDABLE HOUSING, LOW-INCOME AND SUPPORTIVE HOUSING PROJECTS AND COMMUNITY DEVELOPMENT INITIATIVES AND ACTIVITIES THAT QUALIFY AS CHARITABLE WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER OF THE ORGANIZATION IS PHIPPS HOUSES, A RELATED 501(C)(3) ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AS THE SOLE MEMBER OF THE ORGANIZATION, PHIPPS HOUSES HAS THE RIGHT TO ELECT THE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UNDER NEW YORK STATE LAW, CERTAIN GOVERNANCE DECISIONS REQUIRE MEMBERSHIP APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF THE ORGANIZATION'S GOVERNING BODY REVIEW THE FORM 990 FOR ACCURACY OF CONTENT AND DISCUSS AS NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OFFICERS AND DIRECTORS MUST COMPLETE AND CERTIFY ANNUALLY A LIST OF CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt01130 TIFFANY STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1933-939 COURTLANDT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2HORNADAY PLACE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt3PH NAMEOKE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt4DINSMORE ASSOCIATES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt5EAST 182 STREET ASSOCIATES LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt6BX THIRD AVE LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt7945 COURTLAND LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0823550963
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1843672129
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN2853164570
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN3841945258
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN4871674724
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN5822255747
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN6922532163
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt022726446
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt19425678
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt25395637
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt30
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt412956537
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt53870821
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt657453
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt70
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NY
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd3NY
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IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd6NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd7NY
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt3REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt4REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt5REAL ESTATE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt6REAL ESTATE

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