HENRY PHIPPS PLAZA SOUTH HDFC (EIN 237389743) - 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

1973

Legal Domicile

Principal Officer

ADAM WEINSTEIN

Phone

2122439090

Tax Period

2024-04-01 to 2025-03-31

HENRY PHIPPS PLAZA SOUTH HDFC, founded in 1973, is a mid-sized nonprofit in the Housing & Shelter sector that reported $17.1M in total revenue in fiscal year 2024. Revenue surged 116% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES IN NEW YORK CITY.

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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 $17,066,868

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,066,868

Expense Breakdown

Grants Paid $17,759,469

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,759,469

Other Expenses $2,256

TOTAL EXPENSES $17,761,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,066,868	$7,895,748	+1.2%
Expenses	$17,761,725	$7,898,869	+1.2%
Net Income	$-694,857	$-3,121	+221.6%

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

N/A

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

$1,865,730

Total Directors

$1,865,730

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT/CEO	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

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	$17,066,868	$17,761,725	$53,791,808	$-694,857
2024	$7,895,748	$7,898,869	$54,484,566	$-3,121
2021	No data	$2,040	$7,195,891	No data
2020	$6,443,346	$6,444,887	$6,710,546	$-1,541
2019	$3,485,000	$3,493,153	$12,737,010	$-8,153
2018	$175,909	$176,002	$15,331,506	$-93

HENRY PHIPPS PLAZA SOUTH HDFC