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Nonprofiteer
← PHIPPS NEIGHBORHOODS INC

Form 990 for tax year 2022

Filed by PHIPPS NEIGHBORHOODS INC.

Totals

Total revenue
$17,793,021
Total expenses
$17,487,828
Contributions and grants received
$17,017,086
Grants paid
$0
Program service revenue
$159,240
Investment income
$208,292
Other revenue
$408,403
Total assets, end of year
$20,562,721
Total liabilities, end of year
$7,620,592
Net assets or fund balances, end of year
$12,942,129
Program services expenses (Part IX)
$15,451,048
Management and general expenses
$1,689,618
Fundraising expenses
$347,162
Program service expenses (Part III)
$15,451,048

Program services were 88.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $1,403,810

  • 1d · Related organizations

    $208,925

  • 1e · Government grants (contributions)

    $14,655,167

  • 1f · All other contributions, gifts and grants

    $749,184

  • 2a · Program service revenue: LOAN INTEREST INCOME

    total $120,740 · related or exempt $120,740

  • 2b · Program service revenue: FEES & CONTRACTS FROM GOV'T AGENC

    total $38,500 · related or exempt $38,500

  • 3 · Investment income

    total $182,691 · excluded $182,691

  • 7a · Gross sales of assets other than inventory

    securities $169,952

  • 7b · Less cost or other basis and sales expenses

    securities $144,351

  • 7c · Gain or loss

    securities $25,601

  • 7d · Net gain or loss

    total $25,601 · excluded $25,601

  • 8a · Fundraising events: gross income

    $655,500

  • 8a · Fundraising events: contributions included on line 1c

    $1,403,810

  • 8b · Fundraising events: direct expenses

    $257,987

  • 8c · Net income from fundraising events

    total $397,513 · excluded $397,513

  • 11d · All other revenue

    total $10,890 · related or exempt $10,890

  • 11e · Other revenue, total

    $10,890

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $10,580,734 · program services $9,189,106 · management and general $1,172,872 · fundraising $218,756

  • 8 · Pension plan contributions

    total $514,170 · program services $484,066 · management and general $14,701 · fundraising $15,403

  • 9 · Other employee benefits

    total $254,713 · program services $239,800 · management and general $7,282 · fundraising $7,631

  • 10 · Payroll taxes

    total $917,209 · program services $863,508 · management and general $26,224 · fundraising $27,477

  • 11b · Fees: legal

    total $2,404 · management and general $2,404

  • 11c · Fees: accounting

    total $59,471 · management and general $59,471

  • 11f · Fees: investment management

    total $3,123 · management and general $3,123

  • 11g · Fees: other

    total $1,444,657 · program services $1,131,896 · management and general $270,083 · fundraising $42,678

  • 12 · Advertising and promotion

    total $1,338 · program services $849 · management and general $489

  • 13 · Office expenses

    total $1,246,366 · program services $1,211,460 · management and general $34,552 · fundraising $354

  • 14 · Information technology

    total $61,043 · program services $42,474 · management and general $18,550 · fundraising $19

  • 16 · Occupancy

    total $228,644 · program services $228,644

  • 17 · Travel

    total $760,183 · program services $746,917 · management and general $11,724 · fundraising $1,542

  • 19 · Conferences, conventions and meetings

    total $92,186 · program services $92,117 · fundraising $69

  • 22 · Depreciation, depletion and amortization

    total $57,203 · program services $57,203

  • 23 · Insurance

    total $237,139 · program services $206,536 · management and general $24,427 · fundraising $6,176

  • 24a · Other expenses: PROGRAM SUPPLIES

    total $422,945 · program services $394,978 · management and general $27,542 · fundraising $425

  • 24b · Other expenses: STIPENDS

    total $159,117 · program services $159,117

  • 24c · Other expenses: TEMPORARY HELP

    total $141,058 · program services $141,058

  • 24d · Other expenses: SPECIAL EVENTS

    total $47,316 · program services $47,316

  • 24e · All other expenses

    total $256,809 · program services $214,003 · management and general $16,174 · fundraising $26,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,219,398 · end of year $2,500,659

  • 2 · Savings and temporary cash investments

    beginning of year $132,027 · end of year $135,205

  • 3 · Pledges and grants receivable

    beginning of year $5,033,251 · end of year $4,810,988

  • 7 · Other notes and loans receivable

    beginning of year $2,421,937 · end of year $2,547,709

  • 9 · Prepaid expenses and deferred charges

    beginning of year $778,754 · end of year $675,683

  • 10a · Land, buildings and equipment: cost or other basis

    $794,616

  • 10b · Land, buildings and equipment: accumulated depreciation

    $165,001

  • 10c · Land, buildings and equipment, net

    beginning of year $686,817 · end of year $629,615

  • 11 · Investments: publicly traded securities

    beginning of year $6,750,273 · end of year $7,455,529

  • 12 · Investments: other securities

    beginning of year $337,507 · end of year $419,516

  • 14 · Intangible assets

    end of year $1,387,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,145,327 · end of year $5,392,629

  • 19 · Deferred revenue

    end of year $837,190

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,390,773

  • 27 · Net assets without donor restrictions

    beginning of year $1,343,110 · end of year $4,688,982

  • 28 · Net assets with donor restrictions

    beginning of year $9,871,527 · end of year $8,253,147

Mission and programs · 2022

Mission

TO PROVIDE EDUCATIONAL AND SOCIAL SERVICES TO INDIVIDUALS AND FAMILIES, OFTEN IN COMMUNITIES IN WHICH PHIPPS HOUSES OWNS AND/OR SPONSORS HOUSING DEVELOPMENTS. PHIPPS NEIGHBORHOODS PROVIDES A BROAD RANGE OF PROGRAMS, WHICH INCLUDE EDUCATION, RECREATION, CHILD CARE, YOUTH SERVICES, WORKFORCE DEVELOPMENT, RESIDENT SERVICES AND SUPPORTIVE HOUSING.

Activities or mission (Part I)

TO PROVIDE EDUCATIONAL AND SOCIAL SERVICES TO LOW-INCOME INDIVIDUALS, TYPICALLY IN COMMUNITIES IN WHICH PHIPPS HOUSES OWNS AND/OR SPONSORS HOUSING DEVELOPMENTS. THE ORGANIZATION PROVIDES A BROAD RANGE OF PROGRAMS, WHICH INCLUDE EDUCATION, RECREATION, CHILD CARE, YOUTH DEVELOPMENT, CASE MANAGEMENT AND EMPLOYMENT SERVICES.

  • YYOUTH PROGRAMS - CONSISTS OF AFTER-SCHOOL EDUCATIONAL AND RECREATIONAL PROGRAMS BEACON SITES, AND SUMMER CAMP PROGRAMS.A) AFTER-SCHOOL PROGRAMS - (PRIMARILY FUNDED BY THE NEW YORK CITY DEPARTMENT OF YOUTH AND COMMUNITY DEVELOPMENT ("DYCD") AND THE NEW YORK STATE EDUCATION DEPARTMENT. THEY INCLUDE EIGHT SCHOOL-BASED PROGRAMS ANDAND FIVE COMMUNITY SCHOOL PROGRAMS PROVIDING STRUCTURED EDUCATIONAL, RECREATIONAL, AND CULTURAL ENRICHMENT ACTIVITIES TO ELEMENTARY, MIDDLE AND HIGH SCHOOL STUDENTS.B) BEACON/CORNERSTONE PROGRAMS - (FUNDED BY DYCD) ARE A MULTI-SERVICE HUBS, LOCATED IN SCHOOLS OR NEW YORK CITY HOUSING AUTHORITY DEVELOPMENTS, PROVIDING A VARIETY OF AFTERSCHOOL, WEEKEND, AND SUMMER PROGRAMS FOR YOUTH, FAMILIES AND THE COMMUNITY, INCLUDING: STRUCTURED EDUCATIONAL PROGRAMS WITH AN EMPHASIS ON LITERACY, LEADERSHIP DEVELOPMENT, COMMUNITY OUTREACH AND IMPROVEMENT, AND CULTURAL AND RECREATIONAL ACTIVITIES.

    Expenses $8,313,926

  • SUPPORTIVE HOUSING - CONSISTS OF PROGRAMS PROVIDING SOCIAL SERVICES TO CHRONICALLY HOMELESS SINGLE ADULTS OR ADULT FAMILIES WITH A HEAD OF HOUSEHOLD WHO HAS A SERIOUS MENTAL ILLNESS, A SUBSTANCE USE DISORDER OR CO-OCCURING SMI AND SUD. YOUNG ADULTS TRANSITIONING FROM THE NYC FOSTER CARE SYSTEM ALSO RECEIVE SUPPORTIVE HOUSING FROM PHIPPS NEIGHBORHOODS AT ITS LOCATIONS: HONEYWELL APARTMENTS (912 E 178TH ST, BRONX, NY 10460), COURTLANDT COMMUNITY (929 COURTLANDT AVE, BRONX, NY 10451), AND LEE GOODWIN SITE (950 PROSPECT AVENUE, BRONX, 10460). THE NEW YORK CITY DEPARTMENT OF HEALTH AND MENTAL HYGIENE FUNDS LEE GOODWIN HOUSES.

    Expenses $2,146,101 · Revenue $170,130

  • EDUCATION & EMPLOYMENT PROGRAMS - CONSIST OF CENTER-BASED PROGRAMMING AND INCLUDE SEVERAL PROGRAMS TO PROVIDE TEENS AND YOUNG ADULTS CONTINUING EDUCATION, INCLUDING COLLEGE AND CAREER AWARENESS, AND WORK READINESS SKILLS. PHIPPS CAREER NETWORK PROGRAMS HELP OUT-OF-SCHOOL AND OUT-OF-WORK YOUNG PEOPLE AND UNEMPLOYED ADULTS START CAREERS IN HEALTHCARE AND BUILDING SERVICES.A) PHIPPS NEIGHBORHOODS CENTER AT 178TH STREET PROVIDES ASSISTANCE WITH ACCESSING PUBLIC BENEFITS, AND EMPLOYMENT COACHING AND RESOURCES.B) PHIPPS NEIGHBORHOODS OPPORTUNITY CENTER AT MELROSE AND WEST FARMS ARE COMMUNITY-BASED ADULT EDUCATION CENTERS THAT OFFER A RANGE OF PROGRAMS,INCLUDING LITERACY, FINANCIAL COUNSELING, TECHNOLOGY, WORKFORCE, AND A FOOD PANTRY.

    Expenses $1,874,376

  • EARLY CHILDHOOD EDUCATION

    Expenses $1,612,074

  • OTHER PROGRAMS

    Expenses $1,504,571

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ADAM WEINSTEIN

    CHAIRPERSON

    Total calculated
    $968,887
    From this org
    $0
    From related orgs
    $806,771
    Other
    $162,116
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $642,271 related
    Bonus
    $0 + $145,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $143,252 related
    Nontaxable benefits
    $0 + $18,864 related
    Filer's total
    $0 + $968,887 related

  • ALBANERY ROMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DITA AMORY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DR LARRY JOHNSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES WEINER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN H BECKMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KATY HUTTO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARION JONES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • NELLIE AFSHAR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • OMAR KARIUKI

    OUTGOING TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RONAY MENSCHEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RUBY SAAKE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ANDRE WHITE

    EXECUTIVE DIRECTOR/CEO

    Total calculated
    $313,980
    From this org
    $0
    From related orgs
    $306,990
    Other
    $6,990
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,990 related
    Bonus
    $0 + $55,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,990 related
    Filer's total
    $0 + $313,980 related

  • BRIAN BRICKER

    OUTGOING TREASURER

    Total calculated
    $386,236
    From this org
    $0
    From related orgs
    $316,782
    Other
    $69,454
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $241,282 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $13,252 related
    Filer's total
    $0 + $386,236 related

  • JAMES ROBERT PIGOTT JR

    SECRETARY

    Total calculated
    $415,028
    From this org
    $0
    From related orgs
    $340,062
    Other
    $74,966
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,562 related
    Bonus
    $0 + $56,000 related
    Other
    $0 + $19,500 related
    Deferred
    $0 + $56,202 related
    Nontaxable benefits
    $0 + $18,764 related
    Filer's total
    $0 + $415,028 related

  • LUKEMAN OGUNYINKA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • CYNTHIA MALAVE BAEZ

    SR. DIR. OF SCHOOLS & COMM

    Total calculated
    $141,809
    From this org
    $117,951
    From related orgs
    $0
    Other
    $23,858
    Hours/week
    40

  • DWAYNE BROWN

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $160,619
    From this org
    $129,689
    From related orgs
    $0
    Other
    $30,930
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $114,524
    Bonus
    $15,000
    Other
    $165
    Deferred
    $5,000
    Nontaxable benefits
    $25,930
    Filer's total
    $160,619

  • JENNY T MCCORMICK

    CHIEF STRATEGY & PARTNERSHIP

    Total calculated
    $153,392
    From this org
    $146,648
    From related orgs
    $0
    Other
    $6,744
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $129,491
    Bonus
    $17,000
    Other
    $157
    Deferred
    $5,200
    Nontaxable benefits
    $1,544
    Filer's total
    $153,392

  • MARQUETTE MOORE

    DEPUTY EXECUTIVE DIR., FIN

    Total calculated
    $193,494
    From this org
    $170,124
    From related orgs
    $0
    Other
    $23,370
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,891
    Bonus
    $15,000
    Other
    $233
    Deferred
    $4,813
    Nontaxable benefits
    $18,557
    Filer's total
    $193,494

  • ROSEMARY ORDONEZ

    SR. DIR. OF COMM. RESOURCE

    Total calculated
    $159,855
    From this org
    $136,762
    From related orgs
    $0
    Other
    $23,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,362
    Bonus
    $17,000
    Other
    $400
    Deferred
    $0
    Nontaxable benefits
    $23,093
    Filer's total
    $159,855

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, and on a Form 990-PF Part VIII's — 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

  • 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 3:
THE EXECUTIVE DIRECTOR/CEO, ANDRE WHITE, RECEIVES COMPENSATION FROM PHIPPS HOUSES, A RELATED 501(C)(4) ORGANIZATION. PHIPPS HOUSES USES COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR/CEO.
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 REVIEWED BY MEMBERS OF THE BOARD.

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PLAZA SOUTH MANAGMENT CO II

    REAL ESTATE M · NY

  • VIA VERDE RENTAL LEASING LLC

    REAL ESTATE M · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349303789

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