PHIPPS AFFORDABLE HOUSING SUPPORT CORP (EIN 452159735) - 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

2011

Legal Domicile

Principal Officer

ADAM WEINSTIEN

Phone

2122439090

Tax Period

2023-01-01 to 2023-12-31

PHIPPS AFFORDABLE HOUSING SUPPORT CORP, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $453K in total revenue in fiscal year 2023.

Mission

TO SUPPORT NOT-FOR-PROFIT AFFILIATES OF PHIPPS HOUSES, A RELATED 501(C)(4) ORGANIZATION, IN THE DEVELOPMENT OF AFFORDABLE HOUSING FOR LOW- INCOME INDIVIDUALS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-453,192

Other Revenue $0

TOTAL REVENUE $-453,192

Expense Breakdown

Grants Paid $11,881,568

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,881,568

Other Expenses $17,430

TOTAL EXPENSES $11,898,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-453,192	$-749,916	-0.4%
Expenses	$11,898,998	$13,002,598	-0.1%
Net Income	$-12,352,190	$-13,752,514	-0.1%

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

$1,757,428

Total Directors

$1,757,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM WEINSTEIN	PRESIDENT/CEO	1.00	Officer Director	$0	$172,076	$990,213
JAMES ROBERT PIGOTT JR	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$79,704	$430,091
LUKEMAN OGUNYINKA	TREASURER	1.00	Officer Director	$0	$62,804	$337,124

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
2024	No data	No data	No data	No data
2023	$-453,192	$11,898,998	$2,449,869	$-12,352,190
2022	$-749,916	$13,002,598	$14,090,556	$-13,752,514
2021	$1,215,017	$105,668	$31,072,264	$1,109,349
2020	$810,783	$1,091,407	$30,508,252	$-280,624
2019	$1,452,243	$2,657,413	$28,957,710	$-1,205,170
2018	$387,731	$35,729	$27,329,279	$352,002

PHIPPS AFFORDABLE HOUSING SUPPORT CORP