Nonprofit · EIN 27-0018002
PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION
Tax-exempt · NEW YORK, NY 10010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $349,626 | $407,485 | -$57,859 | $1,782,493 | $227,377 | $1,555,116 |
| September 30, 2024 | 990 | $339,580 | $395,507 | -$55,927 | $1,814,749 | $201,774 | $1,612,975 |
| September 30, 2023 | 990 | $388,342 | $419,078 | -$30,736 | $1,877,710 | $208,808 | $1,668,902 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $317,865
- Investment income
- $4,212
- Other revenue
- $27,549
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $13,307
- Salaries, compensation and benefits (total)
- $15,655
- Professional fundraising fees
- $0
- Legal fees
- $6,384
- Accounting fees
- $11,314
- Occupancy
- $93,961
- Depreciation
- $97,784
- Program services (functional)
- $336,369
- Management and general (functional)
- $71,116
Balance sheet and other
- Total assets, start of year
- $1,814,749
- Total assets, end of year
- $1,782,493
- Total liabilities, end of year
- $227,377
- Net assets, end of year
- $1,555,116
- Land, buildings and equipment
- $1,494,566
- Net assets without donor restrictions
- $1,555,116
- Gross receipts
- $349,626
- Employees
- 2
- Volunteers
- 1
- Year formed
- 2002
- 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 |
| GREGORY BRESKIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 6 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 |
| GREGORY BRESKIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 6 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 |
| GREGORY BRESKIN | 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
TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME PERSONS.
Program accomplishments
- TO PROVIDE LOW AND MODERATE-INCOME HOUSING - THE ORGANIZATION OPERATES A 7-UNIT AND A 16-UNIT HOUSING PROJECT IN THE BOROUGH OF MANHATTAN.Expenses $336,369 · revenue $345,414
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
- 27-0018002
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Exempt since
- 2007
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,782,493
- Income (IRS master file)
- $349,626
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $349,626 | $407,485 | $1,782,493 | XML |
| 990 | September 2024 | $339,580 | $395,507 | $1,814,749 | XML |
| 990 | September 2023 | $388,342 | $419,078 | $1,877,710 | XML |
| 990 | September 2022 | $319,352 | $371,137 | $1,860,660 | 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 27-0018002).
Questions about PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION
- What is the EIN of PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION?
- The employer identification number (EIN) of PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION is 27-0018002.
- Is PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2007.
- Which annual return does PHIPPS AFFORDABLE 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 PHIPPS AFFORDABLE 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 PHIPPS AFFORDABLE 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 PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 names ADAM WEINSTEIN.
- Who are the officers and directors of PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION?
- The 990 for the year ended September 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does PHIPPS AFFORDABLE HOUSING DEVELOPMENT FUND CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $349,626, expenses of $407,485 and total assets of $1,782,493 at year end.
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