Henry Phipps Plaza East Inc

Henry Phipps Plaza East Inc. maintains stable operations with growing assets and no reported officer compensation.

EIN: 132670905 · New York, NY · NTEE: L21 · Updated: 2026-03-28

$2.0MRevenue

$6.5MAssets

92/100Mission Score (Excellent)

L21

About Henry Phipps Plaza East Inc

Henry Phipps Plaza East Inc (EIN: 132670905) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $2.0M and total assets of $6.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Henry Phipps Plaza East Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Henry Phipps Plaza East Inc. demonstrates consistent financial activity, with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 202206, revenue was $2,117,835 against expenses of $2,061,468, indicating a stable operational margin. The organization's assets have shown a gradual increase, from $4,827,907 in 201406 to $7,006,285 in 202306, suggesting prudent financial management and growth. However, liabilities have consistently been high, often exceeding assets in earlier periods, though this trend has reversed in more recent filings, with assets ($7,006,285) now comfortably exceeding liabilities ($6,805,380) in 202306. The consistent reporting of 0% officer compensation across all filings indicates a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and efficiency profile. The NTEE code L21 suggests it is involved in housing and shelter, which aligns with its name and implies a focus on community benefit.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Henry Phipps Plaza East Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 8%
programs: 90%
fundraising: 2%

According to IRS 990 filings, Henry Phipps Plaza East Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers receive salaries from the organization. This is a significant positive for an organization of its size, with revenues consistently over $2 million, suggesting a strong dedication of resources directly to its mission.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Henry Phipps Plaza East Inc's IRS 990 filings:

Historically high liabilities relative to assets, though this trend has reversed in recent years.

Strengths

The following positive indicators were identified for Henry Phipps Plaza East Inc:

Consistent 0% officer compensation across all filings, indicating high efficiency.
Steady growth in assets over the past decade, from $4.8M to $7M.
Stable operational finances with revenues generally covering expenses.
Positive net assets in recent years, with assets exceeding liabilities.

Frequently Asked Questions about Henry Phipps Plaza East Inc

Is Henry Phipps Plaza East Inc. a good charity?

Based on the financial data, Henry Phipps Plaza East Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating high efficiency in directing funds to its mission. Its assets have grown steadily, and it maintains stable operations with revenues generally covering expenses.

How has the organization's financial health changed over the past decade?

Over the past decade, the organization's financial health has improved. Assets have grown from $4,827,907 in 201406 to $7,006,285 in 202306. While liabilities were historically high, they are now comfortably exceeded by assets, indicating a stronger balance sheet.

What is the organization's approach to executive compensation?

The organization's approach to executive compensation is highly conservative, reporting 0% officer compensation in all available filings. This suggests that leadership is either unpaid or compensated through other means not reported as officer compensation, allowing more funds to be allocated to programs.

Filing History

IRS 990 filing history for Henry Phipps Plaza East Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Henry Phipps Plaza East Inc's revenue has grown by 8.5%, moving from $2.0M to $2.2M. Total assets increased by 53.4% over the same period, from $4.6M to $7.0M. Total functional expenses rose by 24.5%, from $1.8M to $2.2M. In its most recent filing year (2023), Henry Phipps Plaza East Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $6.8M in liabilities against $7.0M in assets (debt-to-asset ratio: 97.1%), resulting in net assets of $201K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$2.2M	$2.2M	$7.0M	$6.8M	—	View 990
2022	$2.1M	$2.1M	$7.0M	$6.8M	—	View 990
2021	$2.1M	$1.9M	$6.9M	$6.7M	—	—
2020	$2.3M	$1.8M	$6.6M	$6.6M	—	—
2019	$2.1M	$2.0M	$6.1M	$6.6M	—	View 990
2018	$2.1M	$1.8M	$6.2M	$6.9M	—	View 990
2017	$2.2M	$1.9M	$5.4M	$6.5M	—	View 990
2016	$2.6M	$2.1M	$5.4M	$6.7M	—	View 990
2015	$2.1M	$2.0M	$4.9M	$6.7M	—	View 990
2014	$2.1M	$2.0M	$4.8M	$6.7M	—	View 990
2013	$2.0M	$1.9M	$4.7M	$6.7M	—	View 990
2012	$1.9M	$1.8M	$4.7M	$6.7M	—	View 990
2011	$2.0M	$1.8M	$4.6M	$6.6M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $2.2M, expenses of $2.2M, and assets of $7.0M (revenue +1.9% year-over-year).
2022: Revenue of $2.1M, expenses of $2.1M, and assets of $7.0M (revenue -1.5% year-over-year).
2021: Revenue of $2.1M, expenses of $1.9M, and assets of $6.9M (revenue -8.1% year-over-year).
2020: Revenue of $2.3M, expenses of $1.8M, and assets of $6.6M (revenue +9.9% year-over-year).
2019: Revenue of $2.1M, expenses of $2.0M, and assets of $6.1M (revenue +1.3% year-over-year).
2018: Revenue of $2.1M, expenses of $1.8M, and assets of $6.2M (revenue -3.0% year-over-year).
2017: Revenue of $2.2M, expenses of $1.9M, and assets of $5.4M (revenue -16.7% year-over-year).
2016: Revenue of $2.6M, expenses of $2.1M, and assets of $5.4M (revenue +22.4% year-over-year).
2015: Revenue of $2.1M, expenses of $2.0M, and assets of $4.9M (revenue +2.0% year-over-year).
2014: Revenue of $2.1M, expenses of $2.0M, and assets of $4.8M (revenue +6.3% year-over-year).
2013: Revenue of $2.0M, expenses of $1.9M, and assets of $4.7M (revenue +3.5% year-over-year).
2012: Revenue of $1.9M, expenses of $1.8M, and assets of $4.7M (revenue -4.7% year-over-year).
2011: Revenue of $2.0M, expenses of $1.8M, and assets of $4.6M.

Data Sources and Methodology

This transparency report for Henry Phipps Plaza East Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.