Phelps Community Corporation
- Assets
- $17.9m
- Revenue
- $2.2m
- Investments
- $17.7m
- Employees
- 0
- Location
- Sleepy Hollow, NY
- Founding
- 07/1985
- Data as of
- 12/2023
- EIN
- 13-3263295
Organization Overview
Phelps Community Corporation, operating under the name Phelps Healthcare Foundation, is located in Sleepy Hollow, NY. The organization was established in 1985. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phelps Healthcare Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Phelps Healthcare Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $934.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Phelps Healthcare Foundation has awarded 75 individual grants totaling $4,599,730. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PHELPS COMMUNITY CORPORATION SERVES TO CONDUCT CERTAIN FUND RAISING ACTIVITIES FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ASSIST PHELPS MEMORIAL HOSPITAL ASSOCIATION AND OTHER ORGANIZATIONS THAT SERVE THE HEALTHCARE NEEDS OF THE RESIDENTS OF SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHELPS COMMUNITY CORPORATION D/B/A/ PHELPS HEALTHCARE FOUNDATION SERVES TO CONDUCT CERTAIN FUND-RAISING ACTIVITIES FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES TO ASSIST PHELPS MEMORIAL HOSPITAL ASSOCIATION D/B/A/ PHELPS MEMORIAL HOSPITAL CENTER AND/OR OTHER ORGANIZATIONS THAT SERVE THE HEALTH CARE NEEDS OF THE RESIDENTS OF SURROUNDING COMMUNITIES, THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Taber Chairman | 1 | $0 | |
Kevin Plunkett Vice Chairman | 1 | $0 | |
Joanne Stewart Secretary | 1 | $0 | |
Vincent Desantis Treasurer | 16 | $83,250 | |
James Diao Director, Thru June 2023 | 1 | $0 | |
Eileen Egan Director, Thru December 2023 | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,590 |
| Dividends & Interest | $744,811 |
| Net Rental Income | $1,171,500 |
| Net Gain on Sale of Assets | $251,611 |
| Capital Gain Net Income | $251,611 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,170,512 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $83,250 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $30,170 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,924 |
| Total operating and administrative expenses | $195,563 |
| Contributions, gifts, grants paid | $739,280 |
| Total expenses and disbursements | $934,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $58,053 |
| Net Accounts receivable | $133,150 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,120 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $17,901,654 |
| Accounts payable and accrued expenses | $41,618 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $63,833 |
| Total liabilities | $105,451 |
Grants Awarded
Over the last fiscal year, Phelps Community Corporation has awarded $789,280 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
CARING FOR THE HOMELESS OF PEEKSKILL PURPOSE: TO HELP PROVIDE FOOD FOR THEIR COMMUNITY. | $10,000 |
COMMUNITY CENTER OF NORTHERN WESTCHESTER PURPOSE: TO HELP PROVIDE FOOD FOR THEIR COMMUNITY. | $10,000 |
CANCER SUPPORT TEAM PURPOSE: IN-HOME SERVICES FOR CANCER PATIENTS | $119,280 |
COMMUNITY PANTRY OF TARRYTOWN & SLEEPY HOLLOW PURPOSE: TO HELP PROVIDE FOOD FOR THEIR COMMUNITY. | $10,000 |
CROTON CORTLANDT FOOD PANTRY PURPOSE: TO HELP PROVIDE FOOD FOR THEIR COMMUNITY. | $10,000 |
ENDEAVOR THERAPEUTIC HORSEMENSHIP PURPOSE: HELP EMPOWER INDIVIDUALS WITH A RANGE OF NEEDS BY PROVIDING THE HIGHEST QUALITY EQUINE-ASSISTED SERVICES IN AN INCLUSIVE AND WELCOMING ENVIRONMENT. | $80,000 |