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Filing year 2024

PHIPPS HOUSES

New York, New York·EIN 11-1187480·NTEE L20 · Housing & Shelter·3
Total revenue
$110.9M
Total assets
$994.1M
Total expenses
$19M
Reported officers
29
Mission

PHIPPS HOUSES WAS FOUNDED BY HENRY PHIPPS IN 1905 TO PROVIDE AFFORDABLE AND WELL-DESIGNED HOUSING FOR WORKING CLASS NEW YORKERS. PHIPPS HOUSES, A NOT-FOR-PROFIT CORPORATION, IS NEW YORK CITY'S OLDEST AND LARGEST NOT-FOR-PROFIT DEVELOPER, SPONSOR (CONT. ON SCHEDULE O) AND OWNER OF HOUSING FOR LOW AND MODERATE-INCOME FAMILIES. THE MISSION OF PHIPPS HOUSES IS THE CREATION OF ENDURING COMMUNITIES FOR SUCH FAMILIES, THROUGH HOUSING DEVELOPMENT, RELATED PROPERTY MANAGEMENT AND SOCIAL SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 12 reported individuals · Filing year 2024

$1M
$1.1M
Base
$714k
Bonus
$150k
Other
Benefits
$37k
Vice President and Secreta
vice president
$455k
$491k
Base
$308k
Bonus
$59k
Other
Benefits
$31k
VP Property Development
vice president
$381k
$411k
Base
$279k
Bonus
$42k
Other
Benefits
$3k
$367k
$397k
Base
$276k
Bonus
$60k
Other
$21k
Benefits
$10k
Chief of Staff
officer (unspecified)
$320k
$346k
Base
$221k
Bonus
$52k
Other
$21k
Benefits
$26k
Outgoing VP Property Development
vice president
$311k
$337k
Base
$241k
Bonus
Other
Benefits
$14k
VP Capital Projects & Preconstruction
vice president
$276k
$298k
Base
$187k
Bonus
$48k
Other
$18k
Benefits
$23k
Assistant Director
highest compensated employee
$189k
$205k
Base
$137k
Bonus
$14k
Other
Benefits
$9k
Human Resources Director
key employee
$71k
$77k
Director of Mis
key employee
$47k
$51k
Vice President
vice president
$11k
$12k
Vice President
vice president
$8k
$9k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Browse compensation in Housing & Shelter

Up 5%
from 2023

From $990k in 2023 to $1M in 2024.

$990k
2023
$1M
2024
In today's dollarsEst.
Up 2% in real terms$1.1M to $1.1M

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

PHIPPS HOUSES reported revenue and expenses across 2 filing years.

RevenueExpenses
$87.4M
$18.3M
2023
$110.9M
$19M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in New York

Comparable housing & shelter organizations in New York pay their highest-earning executive a median of $56,322.

25th percentile
$27k
Median
$56,322
75th percentile
$123k
90th percentile
$209k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 264 organizations across 264 filings (2022 – 2023).

See full Housing & Shelter pay data for New York
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