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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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