Phipps Houses

Fiscal year ending 2024. Filed on December 8, 2025.

257 Park Avenue South 12th Floor
New York, New York 10010

Phipps Houses (EIN: 11-1187480) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Phipps Houses, a 501(c)(3) charitable organization, reported compensation for 12 out of 27 total employees. Among the employees shown here, the average compensation is $391,553. The highest compensated employee at Phipps Houses is Adam Weinstein with fiscal year 2024 compensation of $1,043,975.

Revenue, expenses, and employee compensation

Revenue

$110,928,466

Expenses

$18,959,721

Employee compensation

$8,053,826
Revenue, expenses, and employee compensation over time

Contractors

Mission Statement

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.

Revisions to this organization profile

December 8, 2025:
2024 Phipps Houses 990 filed
November 15, 2024:
2023 Phipps Houses 990 filed
November 16, 2023:
2022 Phipps Houses 990 filed

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