PHIPPS HOUSES WAS FOUNDED BY HENRY PHIPPS IN 1905 TO PROVIDE AFFORDABLE AND WELL-DESIGNED HOUSING FOR WORKING CLASS NEW YORKERS. PHIPPS HOUSES, A NOT-FOR-PROFIT CORPORATION, IS NEW YORK CITY'S OLDEST AND LARGEST NOT-FOR-PROFIT DEVELOPER, SPONSOR (CONT. ON SCHEDULE O) AND OWNER OF HOUSING FOR LOW AND MODERATE-INCOME FAMILIES. THE MISSION OF PHIPPS HOUSES IS THE CREATION OF ENDURING COMMUNITIES FOR SUCH FAMILIES, THROUGH HOUSING DEVELOPMENT, RELATED PROPERTY MANAGEMENT AND SOCIAL SERVICES.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$994.1M
+15.3% YoY
Annual Giving
$171K
-23.8% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$28K
-74.6% YoY
About Phipps Houses
Based on IRS filings
Phipps Houses is a nonprofit organization focused on Housing & Shelter, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $994.1M in total assets. In 2024, it awarded 6 grants totaling $171K. Net investment income was $34.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $994,102,835 | $862,210,018 | $827,242,266 |
| Revenue | $110,928,466 | $87,375,863 | $101,156,342 |
| Expenses | $18,959,721 | $18,319,961 | $21,095,910 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $34,216,715 | $11,238,028 | $33,254,346 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Phipps Neighborhoods ($117,786), Citizens Housing and Planning Council ($15,000), New York Housing Conference Inc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW YORK UNIVERSITY NEW YORK, NY | NYU FURMAN CENTER ADVISORY BOARD ANNUAL CONTRIBUTION | $7,500 |
| PHIPPS NEIGHBORHOODS NEW YORK, NY | TO SUPPORT THE ORGANIZATIONS MISSION. | $117,786 |
| CITIZENS HOUSING AND PLANNING COUNCIL NEW YORK, NY | 2024 LUNCHEON SPONSORSHIP | $15,000 |
| NEW YORK HOUSING CONFERENCE INC NEW YORK, NY | NYHC 51ST ANNUAL AWARDS LUNCH | $15,000 |
| AIA NEW YORK NEW YORK, NY | HONORS AND AWARDS LUNCHEON 2024 | $5,500 |
| THE BRONX DEFENDERS BRONX, NY | ANNUAL GALA SPONSORSHIP | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ABBE BOROK | TRUSTEE | 1 | — |
| ANDREW SIDAMON-ERISTOFF | TRUSTEE | 1 | — |
| BORIS GUTIN | TRUSTEE | 1 | — |
| DARCY STACOM | TRUSTEE | 1 | — |
| DITA AMORY | TRUSTEE | 1 | — |
| DONALD NOTICE | TRUSTEE | 1 | — |
| DR FELIX MATOS-RODRIGUEZ | TRUSTEE | 1 | — |
| DR OXIRIS BARBOT | TRUSTEE | 1 | — |
| JAY NEVELOFF | CHAIRMAN | 1 | — |
| PETER DUNCAN | TRUSTEE | 1 | — |
| RICHARD KESSLER | TRUSTEE | 1 | — |
| RONAY MENSCHEL | TRUSTEE | 3 | — |
| SCOTT POWELL | TRUSTEE | 1 | — |
| SEAN MCSWEENY | TRUSTEE | 1 | — |
| SERAY INCOGLU | TRUSTEE | 1 | — |
| THOMAS CRAIG | TRUSTEE | 1 | — |
| THOMAS OSTERMAN | TRUSTEE | 1 | — |
| ADAM WEINSTEIN | PRESIDENT/CEO | 30 | $863,534 |
| ANDRE WHITE | VICE PRESIDENT | 1 | — |
| CATHY PENNINGTON | VICE PRESIDENT | 15 | — |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA | 30 | $366,981 |
| LUKEMAN OGUNYINKA | CFO/TREASURER | 30 | $357,241 |
| MATTHEW KELLY | OUTGOING VP PROPERTY DEVELOPMENT | 30 | $241,381 |
| MATTHEW WASHINGTON | CHIEF OF STAFF | 40 | $294,304 |
| MICHAEL WADMAN | VP PROPERTY DEVELOPMENT | 30 | $321,134 |
| COLLEEN MCAULIFFE | HUMAN RESOURCES DIRECTOR | 15 | — |
| GENNADIY TRAKHTMAN | DIRECTOR OF MIS | 15 | — |
| CARMELO TORRES | ASSISTANT DIRECTOR | 40 | $150,795 |
| JOHN STEVEN LOVCI | VP CAPITAL PROJECTS & PRECONSTRUCTION | 40 | $252,292 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Phipps Houses?
Phipps Houses is a nonprofit organization focused on Housing & Shelter, based in NEW YORK, NY. It holds $994.1M in total assets as of 2024.
How large is Phipps Houses?
As of 2024, Phipps Houses holds $994.1M in total assets with $110.9M in annual revenue. It awarded 6 grants totaling $171K in 2024.
Where does Phipps Houses operate?
Phipps Houses has awarded grants in Maryland, New York.
What size grants does Phipps Houses award?
In 2024, Phipps Houses awarded 6 grants totaling $171K — an average of about $28K per grant, based on its IRS Form 990 filings.
What is Phipps Houses's EIN?
Phipps Houses's EIN (Employer Identification Number) is 11-1187480. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Phipps Houses's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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