HENRY PHIPPS PLAZA SOUTH HDFC

EIN: 237389743 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$17,066,868
Total Expenses
$17,761,725
Total Assets
$53,791,808
Net Assets
$-678,967
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
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.

Program Service Accomplishments

Program 1
Expenses: $17,759,469 Revenue: $17,066,868

PROVIDING LOW AND MODERATE INCOME HOUSING FOR FAMILIES IN NEW YORK CITY THROUGH A CONTRIBUTION TO AN AFFILIATED NOT-FOR-PROFIT ORGANIZATION.

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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%)

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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

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Liquidity & Cash Position

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

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Governance

Voting Members
3
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
3
$1,865,730
Total Directors
3
$1,865,730
Key Employees
0
$0
Highest Compensated
0
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
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