Phipps Affordable Housing Development Fund Corporation

New York, NY
Tax-exempt since Sept. 2007
EIN: 27-0018002

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Type of Nonprofit

Designated as a 501(c)(4) Civic leagues, social welfare organizations and local associations of employees, created to promote community welfare for charitable, educational or recreational purposes.

Revenue

$388k (2023)

Expenses

$419k (2023)

Total Assets

$1.88M (2023)

Total Liabilities

$209k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Revenue

$388,342

Expenses

$419,078

Net Income

-$30,736

Net Assets

$1,668,902

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$304,794	78.5%
Investment Income	$3,343	0.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$80,205	20.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$18,695	4.5%

Assets/Debt
Total Assets	$1,877,710
Total Liabilities	$208,808
Net Assets	$1,668,902

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President/Ceo)	$0	$806,771	$162,116
Brian Bricker (Treasurer)	$0	$316,782	$69,454
Gregory Breskin (Director)	$0	$0	$0
James Robert Pigott Jr (Vice President And Secreta)	$0	$340,062	$74,966
Matthew Kelly (Vice President)	$0	$337,028	$70,890
Michael Wadman (Vice President)	$0	$310,698	$57,805

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990

Filed on Aug. 15, 2024

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Fiscal Year Ending Sept.
2022

Revenue

$319,352

Expenses

$371,137

Net Income

-$51,785

Net Assets

$1,699,638

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$288,665	90.4%
Investment Income	$730	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$29,957	9.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$27,475	7.4%

Assets/Debt
Total Assets	$1,860,660
Total Liabilities	$161,022
Net Assets	$1,699,638

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$791,174	$162,104
James Robert Pigott Jr (Vice President And Secretary)	$0	$330,476	$74,903
Brian Bricker (Treasurer)	$0	$302,845	$69,987
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$326,830	$74,122
Michael Wadman (Vice President)	$0	$301,098	$58,003

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990

Filed on July 31, 2023

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Fiscal Year Ending Sept.
2021

Revenue

$288,952

Expenses

$416,631

Net Income

-$127,679

Net Assets

$1,751,423

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$267,811	92.7%
Investment Income	$346	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,795	7.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,599	6.9%

Assets/Debt
Total Assets	$1,907,111
Total Liabilities	$155,688
Net Assets	$1,751,423

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$855,714	$102,759
James Robert Pigott Jr (Vice President And Secretary)	$0	$313,472	$61,696
Matthew Kelly (Vice President)	$0	$306,671	$60,907
Brian Bricker (Treasurer)	$0	$284,686	$56,713
Michael Wadman (Vice President)	$0	$274,825	$46,622
Gregory Breskin (Director)	$0	$0	$0

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990

Filed on June 14, 2022

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Fiscal Year Ending Sept.
2020

Revenue

$294,117

Expenses

$388,700

Net Income

-$94,583

Net Assets

$1,879,102

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$272,496	92.6%
Investment Income	$902	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,719	7.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$26,182	6.7%

Assets/Debt
Total Assets	$2,031,448
Total Liabilities	$152,346
Net Assets	$1,879,102

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$843,944	$141,816
James Robert Pigott Jr (Vice President And Secretary)	$0	$305,255	$76,484
Matthew Kelly (Vice President)	$0	$301,505	$73,066
Brian Bricker (Treasurer)	$0	$281,996	$65,559
Michael Wadman (Vice President)	$0	$264,612	$69,097
Gregory Breskin (Director)	$0	$0	$0

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990

Filed on March 26, 2021

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Fiscal Year Ending Sept.
2019

Revenue

$308,792

Expenses

$313,995

Net Income

-$5,203

Net Assets

$1,973,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$284,134	92.0%
Investment Income	$3,739	1.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,919	6.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$29,576	9.4%

Assets/Debt
Total Assets	$2,117,524
Total Liabilities	$143,839
Net Assets	$1,973,685

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$821,345	$154,539
James Robert Pigott Jr (Vice President And Secretary)	$0	$289,444	$90,873
Brian Bricker (Treasurer)	$0	$271,378	$75,473
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$287,804	$84,071
Michael Wadman (Vice President)	$0	$237,740	$81,032

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990

Filed on Aug. 13, 2020

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Fiscal Year Ending Sept.
2018

Revenue

$312,117

Expenses

$357,690

Net Income

-$45,573

Net Assets

$1,978,888

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$284,496	91.2%
Investment Income	$3,105	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$24,516	7.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$20,603	5.8%

Assets/Debt
Total Assets	$2,114,422
Total Liabilities	$135,534
Net Assets	$1,978,888

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$801,670	$158,165
James Robert Pigott Jr (Vice President And Secretary)	$0	$279,815	$104,704
Brian Bricker (Treasurer)	$0	$261,166	$84,104
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$278,443	$94,392
Michael Wadman (Vice President)	$0	$225,245	$90,837

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990

Filed on Aug. 6, 2019

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Fiscal Year Ending Sept.
2017

Revenue

$307,249

Expenses

$4,390,175

Net Income

-$4,082,926

Net Assets

$2,024,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$274,093	89.2%
Investment Income	$961	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$32,195	10.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,254	0.4%

Assets/Debt
Total Assets	$2,153,816
Total Liabilities	$129,355
Net Assets	$2,024,461

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$773,980	$113,883
James Robert Pigott Jr (Vice President And Secretary)	$0	$269,561	$107,213
Brian Bricker (Treasurer)	$0	$244,669	$93,225
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$267,037	$100,188
Michael Wadman (Vice President)	$0	$211,701	$92,977

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990

Filed on Aug. 13, 2018

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Fiscal Year Ending Sept.
2016

Revenue

$4,771,472

Expenses

$346,144

Net Income

$4,425,328

Net Assets

$6,107,387

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$275,385	5.8%
Investment Income	$80,198	1.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$4,415,889	92.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$16,580	4.8%

Assets/Debt
Total Assets	$6,242,401
Total Liabilities	$135,014
Net Assets	$6,107,387

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$749,099	$68,569
James Robert Pigott Jr (Vice President And Secretary)	$0	$266,931	$66,909
Brian Bricker (Treasurer)	$0	$242,747	$62,730
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$261,640	$66,343
Michael Wadman (Vice President)	$0	$204,268	$54,549

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990

Filed on July 24, 2017

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Fiscal Year Ending Sept.
2015

Revenue

$296,193

Expenses

$446,943

Net Income

-$150,750

Net Assets

$1,682,059

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$271,390	91.6%
Investment Income	$2,442	0.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$22,361	7.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,899	3.6%

Assets/Debt
Total Assets	$1,780,105
Total Liabilities	$98,046
Net Assets	$1,682,059

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$707,785	$54,265
James Robert Pigott Jr (Vice President And Secretary)	$0	$251,790	$51,585
Brian Bricker (Treasurer)	$0	$225,687	$46,689
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$248,524	$48,881
Michael Wadman (Vice President)	$0	$194,805	$43,441

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990

Filed on July 22, 2016

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Fiscal Year Ending Sept.
2014

Revenue

$310,417

Expenses

$372,973

Net Income

-$62,556

Net Assets

$1,832,809

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$267,411	86.1%
Investment Income	$731	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$42,275	13.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$15,163	4.1%

Assets/Debt
Total Assets	$1,925,499
Total Liabilities	$92,690
Net Assets	$1,832,809

Compensation

Key Employees and Officers	Compensation	Related	Other
Adam Weinstein (President)	$0	$668,027	$67,604
James Robert Pigott Jr (Vice President And Secretary)	$0	$240,927	$60,339
Brian Bricker (Treasurer)	$0	$214,412	$57,679
Gregory Breskin (Director)	$0	$0	$0
Matthew Kelly (Vice President)	$0	$240,051	$56,483
Michael Wadman (Vice President)	$0	$186,795	$51,079

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990

Filed on Aug. 7, 2015

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Fiscal Year Ending Sept.
2013

Revenue

$312,056

Expenses

$374,289

Net Income

-$62,233

Net Assets

$1,895,365

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$252,952	81.1%
Investment Income	$149	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$58,955	18.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$14,444	3.9%

Assets/Debt
Total Assets	$2,033,132
Total Liabilities	$137,767
Net Assets	$1,895,365

990

Filed on Oct. 29, 2014

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Fiscal Year Ending Sept.
2012

Revenue

$225,720

Expenses

$223,336

Net Income

$2,384

Net Assets

$1,957,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$207,578	92.0%
Investment Income	$233	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$17,909	7.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$17,269	7.7%

Assets/Debt
Total Assets	$2,035,533
Total Liabilities	$77,935
Net Assets	$1,957,598

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$218,293

Expenses

$228,316

Net Income

-$10,023

Net Assets

$1,955,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$210,974	96.6%
Investment Income	$339	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$6,980	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$28,185	12.3%

Assets/Debt
Total Assets	$2,036,339
Total Liabilities	$81,125
Net Assets	$1,955,214

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Phipps Affordable Housing Development Fund Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $388k (2023)

Expenses $419k (2023)

Total Assets $1.88M (2023)

Total Liabilities $209k (2023)

Tax Filings by Year

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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Fiscal Year Ending Sept. 2022

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2021

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2020

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2019

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2018

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2017

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2016

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2015

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2014

Extracted Financial Data

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Compensation

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Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

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Fiscal Year Ending Sept. 2011

Revenue

$388k (2023)

Expenses

$419k (2023)

Total Assets

$1.88M (2023)

Total Liabilities

$209k (2023)

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005

Fiscal Year Ending Sept.
2004

Fiscal Year Ending Sept.
2003

Fiscal Year Ending Sept.
2002