Long Island Housing Partnership Inc is located in Hauppauge, NY. The organization was established in 1988. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Long Island Housing Partnership Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Housing Partnership Inc 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 12/2021, Long Island Housing Partnership Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND, FOR THOSE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIHP IMPLEMENTED SEVERAL COVID-RELATED PROGRAMS DURING 2021, AIDING 3,741 TENANTS, LANDLORDS AND HOMEOWNERS NEGATIVELY IMPACTED BY THE COVID-19 CRISIS, INCLUDING: O NYSHCR-RENTAL RELIEF PROGRAM O NEW YORK FORWARD LOAN FUND PROGRAM WITH COMMUNITY PRESERVATION CORP. O TOWN OF BROOKHAVEN CDBG-CV MORTGAGE & RENTAL ASSISTANCE PROGRAM O TOWN OF HEMPSTEAD EMERGENCY RENTAL ASSISTANCE PROGRAM O TOWN OF OYSTER BAY EMERGENCY RENTAL ASSISTANCE PROGRAM O HOUSING STABILITY COUNSELING PROGRAMS (CONTINUED ON SCHEDULE O)
LIHP, IN PARTNERSHIP WITH THE SUFFOLK COUNTY LAND BANK (SCLB), REHABILITATES PREVIOUSLY-FORECLOSED HOMES UTILIZING FUNDS PROVIDED TO THE SCLB BY THE NEW YORK STATE ATTORNEY GENERAL'S OFFICE. ONCE RENOVATED, HOMES ARE SOLD TO HOMEBUYERS WHO MET SPECIFIC INCOME ELIGIBILITY REQUIREMENTS AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. LIHP REHABILITATED TWO HOMES AND SOLD ONE HOME IN 2021. AT 12/31/2021, ONE OTHER HOME IS IN CONTRACT TO SELL, AND ONE ADDITIONAL HOME IS UNDER CONSTRUCTION.
LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) RECEIVES GRANTS AND CONTRACTS TO COUNSEL FIRST TIME HOMEBUYERS THROUGH THE PROCESS OF HOME BUYING, AND COUNSEL FAMILIES AND INDIVIDUALS IN DEFAULT ON THEIR MORTGAGES AND FACING FORECLOSURE ON THEIR HOMES. IN 2021, LIHP'S HUD-CERTIFIED COUNSELORS MET WITH AND PROVIDED INDIVIDUALIZED, PRE-PURCHASE COUNSELING TO 1,270 FIRST- TIME HOME BUYERS, COVERING EVERY ASPECT OF THE HOME BUYING PROCESS, FROM BUDGETING, FAIR HOUSING EDUCATION, SAVINGS OF ASSETS, AND THE IMPORTANCE OF MAINTAINING GOOD CREDIT, TO HOUSE HUNTING, AND OBTAINING A MORTGAGE. OF THOSE COUNSELED 130 RECEIVED MORTGAGE COMMITMENTS AND PURCHASED HOMES. IN ADDITION, 34 CLIENTS WERE COUNSELED FOR DEFAULT/FORECLOSURE PREVENTION IN 2021.
LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO FOR-PROFIT AND NONPROFIT DEVELOPERS, AND MUNICIPALITIES. SERVICES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING, ALL OF WHICH RELATE TO THE DEVELOPMENT OF AFFORDABLE RENTALS OR SINGLE-FAMILY HOMES: RESEARCH AND ADVICE ON PROGRAM AND FUNDING REQUIREMENTS, ASSISTANCE WITH THE DEVELOPMENT OF BUDGETS, PROGRAM GUIDELINES AND RELATED FORMS, COORDINATION OF MARKETING, PRESCREENING OF HOMEBUYERS/RENTERS, GRANT WRITING FOR PUBLIC SUBSIDY, MONITORING THE DEVELOPMENT PROCESS, ASSISTANCE WITH THE CONTRACT AND CLOSING PROCESS, ACTING AS LIAISON BETWEEN DEVELOPERS AND MUNICIPALITIES, AND MONITORING AND COMPLIANCE WITH FUNDING GUIDELINES BEFORE AND AFTER CLOSING. THERE WERE 808 UNITS COVERED BY ALL TECHNICAL ASSISTANCE CONTRACTS IN 2021. LIHP PROVIDES OTHER PROGRAM SERVICES, WHICH ASSISTED 30 CLIENTS IN 2021, INCLUDING ADMINISTRATION OF THE EMPLOYER ASSISTED HOUSING PROGRAM, MULTIPLE DOWN-PAYMENT ASSISTANCE PROGRAMS, AND VARIOUS SERVICES RELATED TO NEW AND EXISTING DEVELOPMENT PROJECTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peter J Elkowitz Jr President / | Officer | 25 | $296,826 |
James Britz Exec. VP / C | Officer | 25 | $204,696 |
Jill Rosen-Nikoloff Cco/general | Officer | 25 | $166,100 |
Valerie Canny CFO | Officer | 25 | $155,800 |
Anthony Esernio Treasurer | OfficerTrustee | 0.1 | $0 |
Elena Dundon Secretary | OfficerTrustee | 0.1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $7,750 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,927,941 |
All other contributions, gifts, grants, and similar amounts not included above | $916,511 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,852,202 |
Total Program Service Revenue | $1,600,951 |
Investment income | $64,786 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $661,903 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $6,179,842 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $660 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $910,432 |
Compensation of current officers, directors, key employees. | $307,921 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,455,878 |
Pension plan accruals and contributions | $66,126 |
Other employee benefits | $283,705 |
Payroll taxes | $158,497 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $63,094 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $1,833 |
Fees for services: Other | $535,587 |
Advertising and promotion | $86,757 |
Office expenses | $133,783 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $121,901 |
Travel | $16,406 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $5,187 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $59,846 |
Insurance | $44,971 |
All other expenses | $0 |
Total functional expenses | $4,193,058 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,346,768 |
Savings and temporary cash investments | $1,663,450 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,760,799 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $67,899 |
Net Land, buildings, and equipment | $228,848 |
Investments—publicly traded securities | $3,997,491 |
Investments—other securities | $1,672,644 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $31,762 |
Total assets | $11,769,661 |
Accounts payable and accrued expenses | $583,247 |
Grants payable | $0 |
Deferred revenue | $115,857 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $1,428,060 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $4,536,646 |
Total liabilities | $6,663,810 |
Net assets without donor restrictions | $5,105,851 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $11,769,661 |
Over the last fiscal year, Long Island Housing Partnership Inc has awarded $52,704 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Hauppauge, NY PURPOSE: AFFORDABLE HOUSING | $40,121 |
Hauppauge, NY PURPOSE: AFFORDABLE HOUSING | $7,402 |
Hauppauge, NY PURPOSE: AFFORDABLE HOUSING | $5,181 |
Over the last fiscal year, we have identified 10 grants that Long Island Housing Partnership Inc has recieved totaling $283,778.
Awarding Organization | Amount |
---|---|
The Housing Partnership Network Inc Boston, MA PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION) | $84,593 |
The Housing Partnership Network Inc Boston, MA PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $50,067 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50,000 |
New York Mortgage Coalition Inc New York, NY PURPOSE: Financial Counseling & Technology | $50,000 |
Webster Bank Charitable Foundation Wilmington, DE PURPOSE: PRE-PURCHASE EDUCATION AND FAIR HOUSING INITIATIVES | $25,000 |
The Housing Partnership Network Inc Boston, MA PURPOSE: HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION) | $13,700 |
Beg. Balance | $5,283,419 |
Earnings | $386,716 |
Ending Balance | $5,670,135 |
Organization Name | Assets | Revenue |
---|---|---|
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Home Builders League Of South Jersey Cherry Hill, NJ | $1,104,259 | $579,396 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Crawford County Coalition On Housing Needs Inc Meadville, PA | $654,926 | $244,715 |
Charles River Episcopal Co-Housing Endeavor Inc Boston, MA | $1,102,934 | $306,667 |