HENRY PHIPPS PLAZA EAST INC (EIN 132670905) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

ADAM WEINSTEIN

Phone

2122439090

Tax Period

2024-07-01 to 2025-06-30

HENRY PHIPPS PLAZA EAST INC, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

HENRY PHIPPS PLAZA EAST, INC. WAS FORMED TO OWN AND OPERATE A 104-UNIT RESIDENTIAL APARTMENT BLDG LOCATED IN THE BOROUGH OF MANHATTAN, NY, TO PROVIDE LOW INCOME HOUSING.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,070,139

Investment Income $5,632

Other Revenue $36,953

TOTAL REVENUE $2,112,724

Expense Breakdown

Grants Paid $0

Salaries & Benefits $339,374

Fundraising Expenses $0

Program Expenses $2,200,051

Other Expenses $2,038,206

TOTAL EXPENSES $2,377,580

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,112,724	$2,045,098	+0.0%
Expenses	$2,377,580	$2,299,932	+0.0%
Net Income	$-264,856	$-254,834	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$2,557,761

Total Directors

$1,865,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT	1.00	Officer Director	$0	$180,441	$1,043,975
JAMES ROBERT PIGOTT JR	VICE PRESIDENT AND SECRETA	1.00	Officer Director	$0	$87,569	$454,550
LUKEMAN OGUNYINKA	TREASURER	1.00	Officer Director	$0	$9,964	$367,205
MATTHEW KELLY	VICE PRESIDENT	1.00	Officer	$0	$70,079	$311,460
MICHAEL WADMAN	VICE PRESIDENT	1.00	Officer	$0	$59,437	$380,571

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,112,724	$2,377,580	$6,107,956	$-264,856
2024	No data	No data	No data	No data
2023	$2,157,216	$2,234,207	$7,006,285	$-76,991
2022	$2,117,835	$2,061,468	$7,028,464	$56,367
2021	$2,149,422	$1,930,756	$6,860,775	$218,666
2020	$2,339,268	$1,761,525	$6,594,675	$577,743
2019	$2,128,634	$1,953,966	$6,059,977	$174,668
2018	$2,101,337	$1,824,387	$6,184,909	$276,950

HENRY PHIPPS PLAZA EAST INC