2023-11-14T19:12:03-05:00 2022-12-31 LONG ISLAND HOUSING PARTNERSHIP INC 180 OSER AVE STE 800 HAUPPAUGE NY 117883737 990 2022-01-01 463687876 LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS LONG 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT 6314354710 2023-11-15 PETER ELKOWITZ 999009999 false 2023-11-13 2022 2023-04-26 12:10:37Z PETER J ELKOWITZ JR 44511 false X LIHP.ORG X 2013 NY TO LESSEN THE BURDENS OF GOVERNMENT AND ENHANCE THE WELL-BEING OF COMMUNITIES BY INCREASING THE SUPPLY OF NEWLY CONSTRUCTED AND REHABILITATED RESIDENCES FOR COMMUNITY DEVELOPMENT AND REDEVELOPMENT PROGRAMS. 6 4 0 5 0 30000 15231 14511 0 0 15231 44511 0 0 0 0 0 17800 14181 17800 14181 -2569 30330 1111987 1344385 251532 453600 860455 890785 X LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI) WAS CREATED TO LESSEN THE BURDENS OF GOVERNMENT AND TO ENHANCE THE WELL-BEING OF COMMUNITIES BY INCREASING THE SUPPLY OF NEWLY CONSTRUCTED AND REHABILITATED RESIDENCES (HOMEOWNERSHIP AND/OR RENTAL) FOR COMMUNITY DEVELOPMENT AND REDEVELOPMENT PROGRAMS. THESE PURPOSES ARE INTENDED TO BE MET PRIMARILY THROUGH THE ISSUANCE OF CONSTRUCTION, PREDEVELOPMENT AND PERMANENT FINANCING LOANS AND ANCILLARY DEVELOPMENT SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN ELIGIBLE TARGET MARKETS (INVESTMENT AREAS WITH POVERTY RATES OF AT LEAST 20%) IN NASSAU AND SUFFOLK COUNTIES, NEW YORK. false false 11098 14511 LOANS WERE MADE TO ONE DEVELOPER, BEGINNING IN 2016, TO HELP FINANCE THE ISLIP IX DEVELOPMENT. THIS DEVELOPMENT IS CURRENTLY OWNED BY AND HELD IN NAME OF THE NASSAU SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC., AN AFFILIATE ENTITY. 11098 true true false false false false false false false false false false false true true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 6 4 false false false false true true true true true false false true true true true true true false false false NY X VALERIE CANNY CPA CFO 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 X PETER J ELKOWITZ JR PRESIDENT 1.00 49.00 X X 0 319326 55165 JAMES BRITZ EXEC. VICE P 1.00 44.00 X X 0 219585 13745 JILL ROSEN-NIKOLOFF CCO/GENERAL 1.00 44.00 X 0 175825 11844 VALERIE CANNY CFO 1.00 44.00 X 0 169336 11453 ELENA DUNDON SECRETARY 0.10 0.50 X X 0 0 0 ANTHONY ESERNIO TREASURER 0.10 0.50 X X 0 0 0 KEVIN S LAW ESQ CHAIRMAN 0.10 0.90 X X 0 0 0 STEVEN F PHILBIN VICE CHAIRMA 0.10 0.50 X X 0 0 0 884072 92207 false true false 30000 30000 LOAN PORTFOLIO INTEREST 525990 14511 14511 14511 44511 14511 6290 4997 1293 1600 1600 115 115 6101 6101 75 75 14181 11098 3083 0 768528 474052 501830 420 31462 253483 253483 1134 88422 83558 1111987 1344385 1532 3600 250000 250000 200000 251532 453600 X 860455 890785 860455 890785 1111987 1344385 30330 X false true X true false X 900 30000 30900 15272 17454 22122 15231 14511 84590 16172 17454 22122 15231 44511 115490 115490 16172 17454 22122 15231 44511 115490 1.00000 0.99670 0.00000 0.00000 X PART III, LINE 12 LOAN ORIGINATION FEES 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED DUE FROM AFFILIATES 83558 83558 GRANT ADVANCE 200000 200000 X 7896853 7852342 7852342 44511 44511 7877352 7863171 7863171 14181 14181 SCHEDULE D, PAGE 3, PART X LIHP AND ITS AFFILIATED ENTITIES, LIPHDFC, NSPHDFC, LIPCDC, CDDRC, CDFI AND LIPCLTHDFC ARE NOT-FOR-PROFIT ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFY AS NOT-FOR-PROFIT ORGANIZATIONS UNDER NEW YORK STATE LAW. NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. HGHDFC, LISCHBW AND LISHML ARE FOR-PROFIT CORPORATIONS. PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN INCLUDED IN MANAGEMENT AND GENERAL EXPENSES IN THE COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2022 AND 2021 IN ACCORDANCE WITH FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE OF AFFILIATES, NET ELIMINATIONS 7,852,342 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF AFFILIATES, NET ELIMINATIONS 7,863,171 SCHEDULE D, PAGE 4, PART XIII GRANT ADVANCE CONSISTS OF FUNDS RECEIVED FROM THE NEW YORK STATE MORTGAGE AGENCY COMMUNITY RESTORATION FUND AND SET ASIDE FOR THE PURPOSE OF FINANCING THE ACQUISITION, PRE-DEVELOPMENT, REHABILITATION AND CONSTRUCTION OF AFFORDABLE HOMES FOR LOW- TO MODERATE-INCOME FAMILIES. IN 2023, THESE FUNDS WERE LOANED TO A LOCAL COMMUNITY LAND TRUST AT ZERO PERCENT INTEREST TO FUND AN AFFORDABLE HOUSING PROJECT IN NASSAU COUNTY. false false false false false false false false false PETER J ELKOWITZ JR PRESIDENT 266183 50000 3143 20130 35035 374491 JAMES BRITZ EXEC. VICE PRESIDENT 182274 35000 2311 13745 233330 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 165825 10000 11844 187669 VALERIE CANNY CFO 159336 10000 11453 180789 SCHEDULE J, PAGE 1, PART I, LINE 3 METHODS USED BY LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), A RELATED ORGANIZATION, TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF EXECUTIVE OFFICERS (CURRENTLY, THE PRESIDENT AND CEO AND EXECUTIVE VICE PRESIDENT AND COO) INCLUDE ANNUAL PERFORMANCE EVALUATIONS BY A COMPENSATION COMMITTEE, REVIEW OF 990 FORMS OF COMPARABLE ORGANIZATIONS, AND APPROVAL OF THE FULL BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE OF LIHP CONSISTS OF THE BOARD CHAIRMAN, VICE CHAIRMAN, SECRETARY, TREASURER, AND UP TO TWO ADDITIONAL INDEPENDENT BOARD MEMBERS OF LIHP. EXECUTIVE OFFICERS ARE ASKED TO COMPLETE AND SUBMIT TO THE COMPENSATION COMMITTEE A SELF-EVALUATION FORM ANNUALLY. IN ADDITION, AT LEAST TWO STAFF MEMBERS THAT WORK WITH, OR REPORT TO, THE EXECUTIVE OFFICER BEING EVALUATED, ARE ASKED TO COMPLETE AN ASSESSMENT FORM ON THE EXECUTIVE OFFICER. COMPLETED SELF-EVALUATION AND STAFF ASSESSMENT FORMS ARE SUBMITTED TO THE COMPENSATION COMMITTEE FOR REVIEW AND DISCUSSION. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS COMPENSATION FOR EXECUTIVE OFFICERS OF SIMILAR ORGANIZATIONS. THE COMPENSATION COMMITTEE MAY ALSO CONDUCT INTERVIEWS WITH THE EXECUTIVE OFFICERS. AT THE BEGINNING OF EACH YEAR, EXECUTIVE OFFICERS MUST PRESENT TO THE BOARD A COMPREHENSIVE REPORT ON PAST YEAR'S ACCOMPLISHMENTS AND COMPARISON WITH PREVIOUSLY-ESTABLISHED GOALS, AND DISCUSS ORGANIZATIONAL PROJECTIONS AND GOALS FOR THE UPCOMING YEAR. THIS COMPREHENSIVE REPORT IS DISTRIBUTED TO ALL BOARD MEMBERS FOR DISCUSSION, AND IS PREPARED AND PRESENTED PRIOR TO ANY COMPENSATION COMMITTEE DISCUSSIONS OR RECOMMENDATIONS ON CHANGES TO EXECUTIVE OFFICER COMPENSATION. ONCE ALL EVALUATION INFORMATION IS OBTAINED AND DISCUSSED, THE COMPENSATION COMMITTEE PREPARES A FINAL COMBINED EVALUATION AND RECOMMENDATION FOR EXECUTIVE OFFICER COMPENSATION ADJUSTMENTS AND BONUSES (IF ANY), WHICH IS REVIEWED BY THE BOARD CHAIRMAN. THE BOARD CHAIRMAN SUBMITS A FINAL REPORT ON COMPENSATION COMMITTEE RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS VOTES ON AND APPROVES THE FINAL ANNUAL COMPENSATION ADJUSTMENTS AND BONUSES (IF ANY) OF ALL EXECUTIVE OFFICERS. FORM 990 - ORGANIZATION'S MISSION LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI) WAS CREATED TO LESSEN THE BURDENS OF GOVERNMENT AND TO ENHANCE THE WELL-BEING OF COMMUNITIES BY INCREASING THE SUPPLY OF NEWLY CONSTRUCTED AND REHABILITATED RESIDENCES (HOMEOWNERSHIP AND/OR RENTAL) FOR COMMUNITY DEVELOPMENT AND REDEVELOPMENT PROGRAMS. THESE PURPOSES ARE INTENDED TO BE MET PRIMARILY THROUGH THE ISSUANCE OF CONSTRUCTION, PREDEVELOPMENT AND PERMANENT FINANCING LOANS AND ANCILLARY DEVELOPMENT SERVICES FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN ELIGIBLE TARGET MARKETS (INVESTMENT AREAS WITH POVERTY RATES OF AT LEAST 20%) IN NASSAU AND SUFFOLK COUNTIES, NEW YORK. FORM 990, PAGE 1, PART I, LINE 6 LIHPCDFI UTILIZES THE SERVICES OF MANY EXPERTS AND PROFESSIONAL VOLUNTEERS WHO GENEROUSLY DONATE THEIR EXPERTISE TO SUPPORT PROGRAM AND ADMINISTRATIVE NEEDS. VOLUNTEERS INCLUDE UNCOMPENSATED BOARD OFFICERS AND BOARD DIRECTORS, WHOSE CHIEF FUNCTION IS TO ADVANCE THE ORGANIZATION'S MISSION, AND PROVIDE ORGANIZATIONAL OVERSIGHT, SUPPORT, AND DIRECTION. BOARD OFFICERS AND DIRECTORS MEET PERIODICALLY TO DISCUSS AND VOTE ON THE AFFAIRS OF THE ORGANIZATION. MANY BOARD OFFICERS AND DIRECTORS ALSO VOLUNTEER ADDITIONAL TIME SERVING ON VARIOUS BOARD COMMITTEES. LIHPCDFI ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY FROM AN ATTORNEY WHO SERVES AS LIHPCDFI'S ONGOING BOARD COUNSEL. FORM 990, PAGE 6, PART VI, LINE 6 LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), ACTING THROUGH ITS BOARD OF DIRECTORS, OR EXECUTIVE COMMITTEE, IS THE SOLE CORPORATE MEMBER OF LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC.'S (LIHPCDFI). FORM 990, PAGE 6, PART VI, LINE 7A EACH DIRECTOR SHALL BE ELECTED BY THE MEMBER AT THE ANNUAL MEETING. DIRECTORS SHALL HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED. NEWLY ELECTED DIRECTORSHIPS AND ANY EXISTING VACANCIES IN THE BOARD OF DIRECTORS, INCLUDING VACANCIES RESULTING FROM THE REMOVAL OF DIRECTORS FOR CAUSE, MAY BE FILLED BY THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE DIRECTORS THEN IN OFFICE, ALTHOUGH LESS THAN A QUORUM EXISTS OR BY THE SOLE REMAINING DIRECTOR. A DIRECTOR ELECTED TO FILL A VACANCY CAUSED BY RESIGNATION, DEATH OR REMOVAL SHALL BE ELECTED TO HOLD OFFICE FOR THE UNEXPIRED TERM OF HIS PREDECESSOR. FORM 990, PAGE 6, PART VI, LINE 7B ANY DIRECTOR MAY BE REMOVED FOR CAUSE BY VOTE OF THE MEMBER OR BY VOTE OF THE DIRECTORS PROVIDED THAT A QUORUM IS PRESENT AT THE TIME SUCH ACTION IS TAKEN. ALL OF THE DIRECTORS MAY BE REMOVED WITHOUT CAUSE BY VOTE OF THE MEMBER. THE BY-LAWS OF LIHPCDFI MAY HE AMENDED OR REPEALED BY THE MEMBER. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED AND APPROVED BY SENIOR MANAGEMENT AND THE TREASURER, AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS. A FULL COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC.'S (LIHPCDFI) CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. LIHPCDFI ASKS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE A QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT WOULD IMPACT THEIR DUTIES AND RESPONSIBILITIES TO LIHPCDFI. THIS IS TO BE COMPLETED BY ALL INCOMING OFFICERS, DIRECTORS, REPRESENTATIVES OF DIRECTORS (AT BOARD MEETINGS) AND KEY EMPLOYEES, PRIOR TO COMMENCEMENT OF SERVICE, AND IS TO BE UPDATED ON AN ANNUAL BASIS. AT THE BEGINNING OF THE YEAR, ALL INDIVIDUALS MUST ALSO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS IMMEDIATELY. RECORDS OF THE COMPLETED QUESTIONNAIRES ARE KEPT BY MANAGEMENT. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD OF DIRECTORS, WHO MUST: 1) APPROVE, IN ADVANCE, THAT THE REPORTED RELATED PARTY TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION. ANY MEMBER OF THE BOARD WITH A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN, AND IS NOT PERMITTED TO BE PRESENT DURING, THE VOTING OR DELIBERATIONS. 2) MAKE ITS DECISION IN RELIANCE ON APPROPRIATE DATA AS TO COMPARABLE ARRANGEMENTS TO THE EXTENT THEY ARE AVAILABLE. 3) ADEQUATELY DOCUMENT ITS DECISION AND DELIBERATIONS IN THE CORPORATE RECORDS. FORM 990, PAGE 6, PART VI, LINE 19 LIHPCDFI'S CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. A CONDENSED VERSION OF THE AUDITED COMBINED FINANCIAL STATEMENTS, WITH AUDITOR'S OPINION, IS PUBLISHED IN THE ANNUAL REPORT OF LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP). ANNUAL REPORTS, AS WELL AS FULL VERSIONS OF THE MOST RECENT YEAR'S AUDITED COMBINED FINANCIAL STATEMENTS, ARE AVAILABLE ON LIHP'S WEBSITE AT WWW.LIHP.ORG. FORM 990, PAGE 7, PART VII THE OFFICER EVALUATION PROCESS IS CONDUCTED BY A RELATED ORGANIZATION, LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF ALL EXECUTIVE OFFICERS (CURRENTLY, THE PRESIDENT AND CEO AND EXECUTIVE VICE PRESIDENT AND COO) AND NON-EXECUTIVE OFFICERS (CURRENTLY, THE CHIEF FINANCIAL OFFICER AND GENERAL COUNSEL/CHIEF COMPLIANCE OFFICER). THE OFFICER COMPENSATION AND RELATED BENEFITS REFLECTED WITHIN PART VII OF FORM 990 HEREIN, REPRESENTS THE ENTIRE AMOUNT PAID TO EACH RESPECTIVE OFFICER FOR WORK DONE ON LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI) AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPHDFC), NASSAU/SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (NSPHDFC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), AND LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT). OFFICER COMPENSATION AND BENEFITS ARE ONLY PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. LIHPCDFI REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT NO COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY LIHPCDFI TO ITS OFFICERS. LONG ISLAND HOUSING PARTNERSHIP INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112889068 AFF HSG DV NY 501C3 7 N/A false LI PARTNERSHIP COMMUNITY DEVEL CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113415840 AFF HSG DV NY 501C3 7 N/A false LI PARTNERSHIP HSNG DEV FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501C3 7 N/A false CMTY DEVEL AND DISASTER RELIEF CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 462861979 AFF HSG DV NY 501C3 10 N/A false NASSAUSUFFOLK PARTNERSHIP HDFC INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 AFF HSG DV NY 501C3 7 N/A false LI PARTNRSHP CLT HSNG DEVEL FUND CO 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 814188947 LAND TRUST NY 501C3 7 LIHP false LI SENIOR HSNG AT MEDFORD LANDING 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113590300 DEV RNT UN NY N/A false LI SNR CITIZEN HSNG BROADWAY WEST 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113504473 DEV RNT UN NY N/A false HG HOUSING DEVELOPMENT FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 472286341 DEV RNT UN NY N/A false false false false false false false false false false false false false false true true true true false false