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Nonprofiteer
← PHIPPS HOUSES

Form 990 for tax year 2024

Filed by PHIPPS HOUSES.

Totals

Total revenue
$110,928,466
Total expenses
$18,959,721
Contributions and grants received
$25,294,386
Grants paid
$217,113
Program services expenses (Part IX)
$8,535,357
Management and general expenses
$10,424,364
Fundraising expenses
$0
Program service expenses (Part III)
$8,535,357

Program services were 45.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ABBE BOROK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDREW SIDAMON-ERISTOFF

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BORIS GUTIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DARCY STACOM

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DITA AMORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DONALD NOTICE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR FELIX MATOS-RODRIGUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DR OXIRIS BARBOT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAY NEVELOFF

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • PETER DUNCAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD KESSLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RONAY MENSCHEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3 + 1 related

  • SCOTT POWELL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SEAN MCSWEENY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SERAY INCOGLU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS CRAIG

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS OSTERMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ADAM WEINSTEIN

    PRESIDENT/CEO

    Total calculated
    $1,043,975
    From this org
    $863,534
    From related orgs
    $0
    Other
    $180,441
    Hours/week
    30 + 11 related

    Schedule J breakdown matched by us

    Base
    $713,534
    Bonus
    $150,000
    Other
    $0
    Deferred
    $143,252
    Nontaxable benefits
    $37,189
    Filer's total
    $1,043,975

  • ANDRE WHITE

    VICE PRESIDENT

    Total calculated
    $346,954
    From this org
    $0
    From related orgs
    $336,121
    Other
    $10,833
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,460 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $20,661 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,833 related
    Filer's total
    $0 + $346,954 related

  • CATHY PENNINGTON

    VICE PRESIDENT

    Total calculated
    $360,036
    From this org
    $0
    From related orgs
    $351,917
    Other
    $8,119
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,966 related
    Bonus
    $0 + $62,000 related
    Other
    $0 + $21,951 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,119 related
    Filer's total
    $0 + $360,036 related

  • JAMES ROBERT PIGOTT JR

    VICE PRESIDENT AND SECRETA

    Total calculated
    $454,550
    From this org
    $366,981
    From related orgs
    $0
    Other
    $87,569
    Hours/week
    30 + 11 related

    Schedule J breakdown matched by us

    Base
    $307,981
    Bonus
    $59,000
    Other
    $0
    Deferred
    $56,202
    Nontaxable benefits
    $31,367
    Filer's total
    $454,550

  • LUKEMAN OGUNYINKA

    CFO/TREASURER

    Total calculated
    $367,205
    From this org
    $357,241
    From related orgs
    $0
    Other
    $9,964
    Hours/week
    30 + 11 related

    Schedule J breakdown matched by us

    Base
    $276,041
    Bonus
    $60,000
    Other
    $21,200
    Deferred
    $0
    Nontaxable benefits
    $9,964
    Filer's total
    $367,205

  • MATTHEW KELLY

    OUTGOING VP PROPERTY DEVELOPMENT

    Total calculated
    $311,460
    From this org
    $241,381
    From related orgs
    $0
    Other
    $70,079
    Hours/week
    30 + 11 related

    Schedule J breakdown matched by us

    Base
    $241,381
    Bonus
    $0
    Other
    $0
    Deferred
    $56,202
    Nontaxable benefits
    $13,877
    Filer's total
    $311,460

  • MATTHEW WASHINGTON

    CHIEF OF STAFF

    Total calculated
    $320,048
    From this org
    $294,304
    From related orgs
    $0
    Other
    $25,744
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,362
    Bonus
    $52,000
    Other
    $20,942
    Deferred
    $0
    Nontaxable benefits
    $25,744
    Filer's total
    $320,048

  • MICHAEL WADMAN

    VP PROPERTY DEVELOPMENT

    Total calculated
    $380,571
    From this org
    $321,134
    From related orgs
    $0
    Other
    $59,437
    Hours/week
    30 + 11 related

    Schedule J breakdown matched by us

    Base
    $279,134
    Bonus
    $42,000
    Other
    $0
    Deferred
    $56,202
    Nontaxable benefits
    $3,235
    Filer's total
    $380,571

  • COLLEEN MCAULIFFE

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $403,966
    From this org
    $0
    From related orgs
    $332,600
    Other
    $71,366
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,600 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $15,164 related
    Filer's total
    $0 + $403,966 related

  • GENNADIY TRAKHTMAN

    DIRECTOR OF MIS

    Total calculated
    $244,701
    From this org
    $0
    From related orgs
    $197,882
    Other
    $46,819
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,882 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $38,350 related
    Nontaxable benefits
    $0 + $8,469 related
    Filer's total
    $0 + $244,701 related

  • CARMELO TORRES

    ASSISTANT DIRECTOR

    Total calculated
    $189,401
    From this org
    $150,795
    From related orgs
    $0
    Other
    $38,606
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,795
    Bonus
    $14,000
    Other
    $0
    Deferred
    $29,224
    Nontaxable benefits
    $9,382
    Filer's total
    $189,401

  • JOHN STEVEN LOVCI

    VP CAPITAL PROJECTS & PRECONSTRUCTION

    Total calculated
    $275,765
    From this org
    $252,292
    From related orgs
    $0
    Other
    $23,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,710
    Bonus
    $48,000
    Other
    $17,582
    Deferred
    $0
    Nontaxable benefits
    $23,473
    Filer's total
    $275,765

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
ADAM WEINSTEIN, PRESIDENT, IS A PARTICIPANT IN A SECTION 457(F) PLAN THAT REQUIRES HIM TO PERFORM SERVICES FOR A PERIOD OF TIME. HE HAS RECEIVED ANNUAL AWARDS BEGINNING IN 2017 AND (CONSISTENT WITH IRS FORM 990, SCHEDULE J INSTRUCTIONS) THESE AMOUNTS ARE TREATED AS ACCRUED OR EARNED RATABLY OVER THE COURSE OF THE SERVICE PERIOD. $87,050 IS REPORTED AS EARNED DURING THE REPORTING PERIOD WHICH IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C).
PART I, LINE 7
DISCRETIONARY BONUSES ARE PAID TO CERTAIN STAFF MEMBERS BASED ON ANNUAL PERFORMANCE AND ARE BOARD APPROVED. THE BONUSES ARE REPORTED ON PART II, COLUMN (B)(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 December 2025
IRS schema version
2024v5.2
Source object
202543429349301184

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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