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 · Part VII & Schedule J · 12 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in New York.
- Base
- $714k
- Bonus
- $150k
- Other
- —
- Benefits
- $37k
- Base
- $308k
- Bonus
- $59k
- Other
- —
- Benefits
- $31k
- Base
- $279k
- Bonus
- $42k
- Other
- —
- Benefits
- $3k
- Base
- $276k
- Bonus
- $60k
- Other
- $21k
- Benefits
- $10k
- Base
- $221k
- Bonus
- $52k
- Other
- $21k
- Benefits
- $26k
- Base
- $241k
- Bonus
- —
- Other
- —
- Benefits
- $14k
- Base
- $187k
- Bonus
- $48k
- Other
- $18k
- Benefits
- $23k
- Base
- $137k
- Bonus
- $14k
- Other
- —
- Benefits
- $9k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentile | $714k | $150k | — | $37k | $1M $1.1M |
Vice President and Secreta Vice President Above 90th percentile | $308k | $59k | — | $31k | $455k $491k |
VP Property Development Vice President Above 90th percentile | $279k | $42k | — | $3k | $381k $411k |
Cfo/treasurer Above 90th percentile | $276k | $60k | $21k | $10k | $367k $397k |
Chief of Staff Officer (Unspecified) | $221k | $52k | $21k | $26k | $320k $346k |
Outgoing VP Property Development Vice President Above 90th percentile | $241k | — | — | $14k | $311k $337k |
VP Capital Projects & Preconstruction Board Vice President Above 90th percentilevs Housing & Shelter peers nationwide | $187k | $48k | $18k | $23k | $276k $298k |
Assistant Director Highest Compensated Employee 75th to 90th percentile | $137k | $14k | — | $9k | $189k $205k |
Human Resources Director Key Employee Median to 75th percentilevs Housing & Shelter peers nationwide | — | — | — | — | $71k $77k |
Director of Mis Key Employee 25th percentile to medianvs Housing & Shelter peers nationwide | — | — | — | — | $47k $51k |
Vice President Below 10th percentile | — | — | — | — | $11k $12k |
Vice President Below 10th percentile | — | — | — | — | $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.
Top pay as a share of expenses
In 2024, the highest total compensation at PHIPPS HOUSES equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 5%
from 2023
From $990k in 2023 to $1M in 2024.
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.
Chief Executive Officer pay rose 5% from 2023 to 2024, while revenue rose 27%.
- Vice President pay rose 6% from 2023 to 2024.
- Chief Financial Officer pay rose 9% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about PHIPPS HOUSES
What does the Chief Executive Officer of PHIPPS HOUSES earn?
In 2024, the Chief Executive Officer of PHIPPS HOUSES received $1,043,975 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Housing & Shelter organizations in New York: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at PHIPPS HOUSES compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in New York, the 2024 pay of the Chief Executive Officer at PHIPPS HOUSES falls in the top 10%. In 2024, the highest total compensation at PHIPPS HOUSES equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are PHIPPS HOUSES's revenue and expenses?
In 2024, PHIPPS HOUSES reported $110.9M in total revenue and $19M in total expenses on its IRS Form 990.
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