Nonprofit · EIN 13-3514343
CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION
Also known as PHIPPS HOUSES
Tax-exempt · NEW YORK, NY 10010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $8,171,418 | $12,867,061 | -$4,695,643 | $19,431,606 | $61,262,188 | -$41,830,582 |
| September 30, 2024 | 990 | $7,751,111 | $9,031,196 | -$1,280,085 | $20,249,432 | $57,386,603 | -$37,137,171 |
| September 30, 2023 | 990 | $7,561,810 | $9,750,914 | -$2,189,104 | $21,911,177 | $57,770,255 | -$35,859,078 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $8,089,902
- Investment income
- $20,560
- Other revenue
- $60,956
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,451,781
- Salaries, compensation and benefits (total)
- $2,094,517
- Professional fundraising fees
- $0
- Legal fees
- $101,316
- Accounting fees
- $33,767
- Occupancy
- $1,765,890
- Travel
- $400
- Depreciation
- $1,833,859
- Program services (functional)
- $11,687,905
- Management and general (functional)
- $1,179,156
Balance sheet and other
- Total assets, start of year
- $20,249,432
- Total assets, end of year
- $19,431,606
- Total liabilities, end of year
- $61,262,188
- Net assets, end of year
- -$41,830,582
- Land, buildings and equipment
- $15,593,440
- Net assets without donor restrictions
- -$41,830,582
- Gross receipts
- $8,171,418
- Employees
- 30
- Volunteers
- 1
- Year formed
- 1989
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADAM WEINSTEIN | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $863,534 | $180,441 |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA Trustee or director, Officer | 1 | $0 | $366,981 | $87,569 |
| MICHAEL WADMAN | VICE PRESIDENT Officer | 1 | $0 | $321,134 | $59,437 |
| LUKEMAN OGUNYINKA | TREASURER Trustee or director, Officer | 1 | $0 | $357,241 | $9,964 |
| MATTHEW KELLY | VICE PRESIDENT Officer | 1 | $0 | $241,381 | $70,079 |
| VICTOR LOPEZ | VP/AREA MANAGER Highest-paid employee | 40 | $141,244 | $0 | $39,835 |
| ERIC ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADAM WEINSTEIN | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $818,137 | $172,076 |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA Trustee or director, Officer | 1 | $0 | $350,387 | $79,704 |
| MATTHEW KELLY | VICE PRESIDENT Officer | 1 | $0 | $350,240 | $73,253 |
| MICHAEL WADMAN | VICE PRESIDENT Officer | 1 | $0 | $302,790 | $58,015 |
| LUKEMAN OGUNYINKA | TREASURER Trustee or director, Officer | 1 | $0 | $274,320 | $62,804 |
| VICTOR LOPEZ | VP/AREA MANAGER Highest-paid employee | 40 | $122,595 | $0 | $32,532 |
| ERIC ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ADAM WEINSTEIN | PRESIDENT/CEO Trustee or director, Officer | 1 | $0 | $806,771 | $162,116 |
| JAMES ROBERT PIGOTT JR | VICE PRESIDENT AND SECRETA Trustee or director, Officer | 1 | $0 | $340,062 | $74,966 |
| MATTHEW KELLY | VICE PRESIDENT Officer | 1 | $0 | $337,028 | $70,890 |
| BRIAN BRICKER | TREASURER Trustee or director, Officer | 1 | $0 | $316,782 | $69,454 |
| MICHAEL WADMAN | VICE PRESIDENT Officer | 1 | $0 | $310,698 | $57,805 |
| JULIO CARRERAS | SUPERINTENDANT Highest-paid employee | 40 | $103,947 | $0 | $27,175 |
| PHILLIP HAWKER | SUPERINTENDENT Highest-paid employee | 40 | $103,809 | $0 | $20,668 |
| JOAN TRANI | V/P AREA MANAGER Highest-paid employee | 40 | $103,717 | $0 | $5,718 |
| ERIC ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 257 PARK AVENUE SOUTH 12TH FLOOR, NEW YORK, NY 10010-7338
- In care of
- % CARLOS TAVAREZ
- Principal officer (990 for 2024)
- ADAM WEINSTEIN, 257 PARK AVENUE SOUTH 12TH FLOOR, NEW YORK, NY 10010
- Signed the 990
- LUKEMAN OGUNYINKA, TREASURER
- Phone
- (212) 243-9090
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION WAS FORMED TO PROVIDE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME.
Program accomplishments
- TO PROVIDE LOW AND MODERATE INCOME HOUSING FOR 563 WORKING FAMILIES AND COMBAT COMMUNITY DETERIORATION IN A BLIGHTED INNER URBAN CITY AREA.Expenses $11,687,905 · revenue $1,179,156
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 13-3514343
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1989
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $19,431,606
- Income (IRS master file)
- $8,171,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $8,171,418 | $12,867,061 | $19,431,606 | XML |
| 990 | September 2024 | $7,751,111 | $9,031,196 | $20,249,432 | XML |
| 990 | September 2023 | $7,561,810 | $9,750,914 | $21,911,177 | XML |
| 990 | September 2022 | $7,388,365 | $9,604,749 | $23,041,523 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3514343).
Questions about CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION is 13-3514343.
- Is CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
- Are donations to CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 names ADAM WEINSTEIN.
- Who are the officers and directors of CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 lists 7 people; 1 received compensation from the organization.
- How much revenue does CROTONA PARK WEST HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $8,171,418, expenses of $12,867,061 and total assets of $19,431,606 at year end.
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