2023-11-15T14:15:03-06:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 822957270 1675 WESTCHESTER AVENUE HOUSING DEVELOPMENT FUND CORPORATION 1675 2122439090 902 BROADWAY 13TH FLOOR NEW YORK NY 10010 LUKEMAN OGUNYINKA TREASURER 2122439090 2023-11-15 1 LUKEMAN OGUNYINKA 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ADAM WEINSTIEN 902 BROADWAY 13TH FLOOR NEW YORK NY 10010 325768 0 X WWW.PHIPPSNY.ORG X 2017 NY TO PROVIDE AFFORDABLE HOUSING LOCATED AT 1675-1679 WESTCHESTER AVENUE, THE BRONX, NEW YORK PROVIDING 249 RESIDENTIAL APARTMENT UNITS FOR PERSONS OF LOW INCOME. 3 0 10 0 0 0 0 0 0 325768 0 0 0 0 0 325768 0 0 0 0 0 300785 0 0 0 0 24983 0 325768 0 0 25408 55056 59429 89077 -34021 -34021 TO PROVIDE AFFORDABLE HOUSING LOCATED AT 1675-1679 WESTCHESTER AVENUE, THE BRONX, NEW YORK PROVIDING 249 RESIDENTIAL APARTMENT UNITS FOR PERSONS OF LOW INCOME. 0 0 325768 325768 TO PROVIDE AFFORDABLE HOUSING LOCATED AT 1675-1679 WESTCHESTER AVENUE, THE BRONX, NEW YORK PROVIDING 249 RESIDENTIAL APARTMENT UNITS FOR PERSONS OF LOW INCOME. 325768 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 10 1 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X LUKEMAN OGUNYINKA 2122439090 902 BROADWAY 13TH FLOOR NEW YORK NY 10010 ADAM WEINSTEIN PRESIDENT/CEO 1.00 40.00 X X 0 806771 162116 JAMES ROBERT PIGOTT JR VICE PRESIDENT/SECRETARY 1.00 40.00 X X 0 340062 74966 BRIAN BRICKER TREASURER 1.00 40.00 X X 0 316782 69454 0 1463615 306536 0 0 1 0 0 PROPERTY MANAGEMENT 531390 325768 325768 325768 325768 325768 0 0 202448 202448 974 974 82011 82011 15352 15352 407 407 2814 2814 3241 3241 119 119 360 360 DUES & MEMBERSHIP 15 15 18027 18027 325768 325768 0 0 54069 24864 544 987 25408 55056 5166 2345 54263 86732 59429 89077 X -34021 -34021 -34021 -34021 25408 55056 0 0 X 0 0 0 0 DUE TO AFFILIATE 86732 86732 0 1 0 0 0 0 0 0 0 ADAM WEINSTEIN PRESIDENT/CEO 0 642271 0 145000 0 19500 0 143252 0 18864 0 968887 0 0 JAMES ROBERT PIGOTT JR VICE PRESIDENT/SECRETARY 0 264562 0 56000 0 19500 0 56202 0 18764 0 415028 0 0 BRIAN BRICKER TREASURER 0 241282 0 56000 0 19500 0 56202 0 13252 0 386236 0 0 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 3: PHIPPS HOUSES, AN AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. PHIPPS HOUSES HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF THE ORGANIZATION IS PHIPPS HOUSES, A RELATED 501(C)(4) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A AS THE SOLE MEMBER OF THE ORGANIZATION, PHIPPS HOUSES HAS THE RIGHT TO ELECT THE MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B UNDER NEW YORK STATE LAW, CERTAIN GOVERNANCE DECISIONS REQUIRE MEMBERSHIP APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B MEMBERS OF THE ORGANIZATION'S GOVERNING BODY REVIEW THE FORM 990 FOR ACCURACY OF CONTENT AND DISCUSS AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS MUST COMPLETE AND CERTIFY ANNUALLY A LIST OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A: THE COMPENSATION OF THE PRESIDENT, VICE PRESIDENT/SECRETARY AND TREASURER REFLECTS THEIR CONTRIBUTIONS TO NOT ONLY PHIPPS AFFORDABLE HOUSING SUPPORT CORP. BUT TO ALL OF ITS AFFILIATED ENTITIES. ON A CONSOLIDATED BASIS, THE PHIPPS HOUSES GROUP HAS ANNUAL REVENUE OF OVER $100 MILLION AND ASSETS CURRENTLY OF ALMOST $2 BILLION.