2024-06-13T16:20:50-04:00 2023-12-31 990 2023-01-01 814188947 LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC LONG 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT 6314354710 2024-05-13 PETER ELKOWITZ 999009999 false 2023 2023-04-26 12:10:37Z PETER J ELKOWITZ JR PRESIDENT 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 1511224 false X LIHP.ORG X 2016 NY TO PROVIDE HOUSING WITHIN NASSAU AND SUFFOLK COUNTIES IN NEW YORK FOR "PERSONS OF LOW INCOME", AS DEFINED IN ANY FEDERAL OR STATE LOW INCOME HOUSING CAPITAL PROGRAM OR OTHER TYPE OF AFFORDABLE HOUSING PROGRAM. 3 1 0 2 0 1631158 691106 2000815 820118 0 0 3631973 1511224 0 0 0 0 0 3399322 1323573 3399322 1323573 232651 187651 3304336 3127488 2888212 2523713 416124 603775 X LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) WAS ESTABLISHED TO PROVIDE HOUSING WITHIN NASSAU AND SUFFOLK COUNTIES IN NEW YORK FOR "PERSONS OF LOW INCOME", AS DEFINED IN ANY FEDERAL OR STATE LOW INCOME HOUSING CAPITAL PROGRAM OR OTHER TYPE OF AFFORDABLE HOUSING PROGRAM. AS LONG ISLAND'S FIRST REGIONAL COMMUNITY LAND TRUST, LIPCLT SUPPORTS STRONG, VITAL COMMUNITIES ACROSS LONG ISLAND THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES FOR PEOPLE OF ALL AGES. LIPCLT WAS DEVELOPED AS AN INNOVATIVE SOLUTION MODEL TO ADDRESS THE CRITICAL AFFORDABLE HOUSING NEEDS OF LOW- AND MODERATE-INCOME FAMILIES BY PROVIDING BELOW-MARKET HOMEOWNERSHIP OPPORTUNITIES THAT PRESERVE PERPETUAL AFFORDABILITY AND ENGAGE KEY MUNICIPAL PARTNERS. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP OF THE LAND AND LEASES THE LAND TO HOMEOWNERS FOR A RENEWABLE TERM OF 99 YEARS, WHILE THE HOMEOWNERS PURCHASE AND HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE. false false 1289965 820118 IN 2023, LIPCLT CONTINUED ITS PRE-DEVELOPMENT AND CONSTRUCTION WORK TOWARD THE REBUILDING OF 23 SUPERSTORM SANDY-DAMAGED HOMES ACROSS LONG ISLAND, AS WELL AS THE NEXT PHASE OF SCATTERED SITE DEVELOPMENTS. THIS WORK INCLUDED THE DEMOLITION AND START OF CONSTRUCTION ON SEVERAL NEW HOMES IN BOTH NASSAU AND SUFFOLK COUNTIES. THREE HOMES WERE SOLD IN 2023 TO ELIGIBLE HOME BUYERS WHO MET INCOME GUIDELINES AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. 1289965 true true false false false false false false false false true 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 true false false false false true false false false true 1 0 true 0 false false false false false false false false false false false false X 3 1 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 9.00 41.00 X X 0 349937 58483 JAMES BRITZ EXEC. VICE P 7.00 38.00 X X 0 241407 14350 JILL ROSEN-NIKOLOFF CCO/GENERAL 7.00 38.00 X 0 181436 12373 VALERIE CANNY CFO 7.00 38.00 X 0 177123 11999 KEVIN S LAW ESQ SECRETARY 0.10 0.90 X X 0 0 0 949903 97205 false true false 421788 269318 181788 691106 SALES AND DEVELOPER FEES 531390 763953 763953 GROUND LEASE FEES 29600 29600 RENTAL - 55 E. LOCUST 15900 15900 PROGRAM APPLICATION FEES 10400 10400 REIMBURSEMENT OF FEES 265 265 820118 1511224 820118 34592 20831 13761 2250 2250 4120 4120 1450 1450 3618 6 3612 282 282 12115 12115 PROJECT COSTS 1265146 1265146 1323573 1289965 33608 0 2210263 576572 5200 3500 4966 5770 1201247 1083907 1201247 1340399 3304336 3127488 235420 224081 2652792 2299632 2888212 2523713 X -950642 -944780 1366766 1548555 416124 603775 3304336 3127488 187651 X false true X true true true X 827383 1842143 112416 1631158 709861 5122961 827383 1842143 112416 1631158 709861 5122961 401676 4721285 5122961 5188602 0.92160 0.89760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1201247 1201247 1201247 DUE FROM AFFILIATES 1340305 CAPITALIZED PROJECT COSTS 94 1340399 GRANT ADVANCES 2092833 CONSTRUCTION AND LAND TRUST RESERVES 206799 2299632 X 5730299 2958 4216117 4219075 1511224 1511224 5516051 2958 4189520 4192478 1323573 1323573 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, 2023 AND 2022 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 OF ELIMINATIONS 4,216,117 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF AFFILIATES, NET OF ELIMINATIONS 4,189,520 false false false false false false false false false PETER J ELKOWITZ JR PRESIDENT 279556 66862 3519 21553 36930 408420 JAMES BRITZ EXEC. VICE PRESIDENT 191208 44669 5530 14350 255757 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 173936 7500 12373 193809 VALERIE CANNY CFO 167123 10000 11999 189122 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. X 5 181788 SEE PART II SUPPL. INFO. false false false SCHEDULE M, PAGE 2, PART II LIPCLT WAS ESTABLISHED WITH THE INTENT OF ACQUIRING AND DEVELOPING OR REHABILITATING MULTIPLE PARCELS OF LAND THROUGHOUT LONG ISLAND AND RETAINING OWNERSHIP OF THESE PARCELS WITHIN ITS LAND TRUST FOREVER. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP OF LAND WITHIN ITS LAND TRUST AND LEASES THE LAND TO HOME BUYERS FOR A RENEWABLE TERM OF 99 YEARS THROUGH A GROUND LEASE AGREEMENT, WHILE THE HOME BUYERS PURCHASE AND HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE. THIS ALLOWS INCOME-ELIGIBLE FAMILIES TO PURCHASE HOMES AT BELOW-MARKET PRICES, AND ALLOWS THE PROPERTY TO REMAIN AFFORDABLE IN PERPETUITY. FROM TIME TO TIME, LIPCLT OR ONE OF ITS AFFILIATES RECEIVES DONATED PROPERTIES FROM VARIOUS NEW YORK STATE AND LOCAL MUNICIPALITIES FOR AFFORDABLE HOUSING DEVELOPMENT. IN THE EVENT THAT A PARCEL CANNOT BE DEVELOPED OR SOLD AT A PRICE THAT WOULD BE AFFORDABLE TO A LOW-INCOME FAMILY ON LONG ISLAND, THE PARCEL IS RETURNED TO ITS ORIGINAL DONOR. THEREFORE, NO CONTRIBUTION IS RECOGNIZED ON DONATED PARCELS UNTIL A FINAL CERTIFICATE OF OCCUPANCY (CO) IS OBTAINED ON THE RE-DEVELOPED DWELLING. ONCE A FINAL CO IS ACQUIRED, LIPCLT RECOGNIZES A NON-CASH CONTRIBUTION OF DONATED LAND. THE VALUE OF THE DONATED LAND IS CALCULATED AS THE PRESENT VALUE OF THE MONTHLY GROUND LEASE PAYMENT OVER THE 99-YEAR LEASE TERM UTILIZING THE 30-YEAR U.S. TREASURY RATE AS OF THE DATE THE FINAL CO WAS OBTAINED. IN 2009 AND 2016, LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC.(LIPHDFC), AN AFFILIATE OF LIPCLT, RECEIVED DONATED PARCELS FOR AFFORDABLE HOUSING DEVELOPMENT FROM THE TOWN OF BROOKHAVEN. THREE OF THESE HOMES WERE REHABILITATED AND OBTAINED FINAL COS IN 2023. THE CALCULATED VALUE OF THE DONATED LAND ON THESE THREE PARCELS TOTALED 140,882. TWO OF THE HOMES WERE SOLD TO QUALIFIED HOMEBUYERS IN 2023. SIMULTANEOUS WITH THE SALE OF THE DWELLINGS TO THE NEW HOME BUYERS, OWNERSHIP OF THE DONATED LAND WAS TRANSFERRED FROM LIPHDFC TO LIPCLT. THESE DONATIONS ARE REFLECTED AS RECEIVED FROM THE ORIGINAL DONOR, THE TOWN OF BROOKHAVEN, FOR THE BENEFIT OF LIPCLT ON SCHEDULES B AND M HEREIN. IN 2009, LIPHDFC ALSO RECEIVED A DONATED PARCEL FOR AFFORDABLE HOUSING DEVELOPMENT FROM THE TOWN OF BABYLON. THE HOME WAS REHABILITATED AND SOLD IN 2023 AFTER THE FINAL CO WAS OBTAINED. THE CALCULATED VALUE OF THE DONATED LAND ON THIS PARCEL WAS 40,906, AND THE DONATION IS REFLECTED AS RECEIVED FROM THE TOWN OF BABYLON ON SCHEDULES B AND M HEREIN. FORM 990 - ORGANIZATION'S MISSION LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) WAS ESTABLISHED TO PROVIDE HOUSING WITHIN NASSAU AND SUFFOLK COUNTIES IN NEW YORK FOR "PERSONS OF LOW INCOME", AS DEFINED IN ANY FEDERAL OR STATE LOW INCOME HOUSING CAPITAL PROGRAM OR OTHER TYPE OF AFFORDABLE HOUSING PROGRAM. AS LONG ISLAND'S FIRST REGIONAL COMMUNITY LAND TRUST, LIPCLT SUPPORTS STRONG, VITAL COMMUNITIES ACROSS LONG ISLAND THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES FOR PEOPLE OF ALL AGES. LIPCLT WAS DEVELOPED AS AN INNOVATIVE SOLUTION MODEL TO ADDRESS THE CRITICAL AFFORDABLE HOUSING NEEDS OF LOW- AND MODERATE-INCOME FAMILIES BY PROVIDING BELOW-MARKET HOMEOWNERSHIP OPPORTUNITIES THAT PRESERVE PERPETUAL AFFORDABILITY AND ENGAGE KEY MUNICIPAL PARTNERS. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP OF THE LAND AND LEASES THE LAND TO HOMEOWNERS FOR A RENEWABLE TERM OF 99 YEARS, WHILE THE HOMEOWNERS PURCHASE AND HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE. THIS ALLOWS INCOME- ELIGIBLE FAMILIES TO PURCHASE HOMES AT BELOW-MARKET PRICES. IN RETURN, THE HOMEOWNER AGREES THAT FUTURE RESALE OF THE PROPERTY WILL BE TO ANOTHER LOW- TO MODERATE-INCOME HOMEBUYER OR BACK TO THE LIPCLT. CONSEQUENTLY, THE HOMEOWNER IS ABLE TO SUCCESSFULLY OWN A HOME AND BUILD WEALTH FROM THEIR INVESTMENT, WHILE LIPCLT IS ABLE TO PRESERVE THE INVESTMENT IN THE AFFORDABLE HOME PERMANENTLY TO HELP FAMILY AFTER FAMILY. THROUGH THE FULFILLMENT OF ITS MISSION, LIPCLT HOPES NOT ONLY TO PROVIDE HOMEOWNERSHIP OPPORTUNITIES TO LOW-INCOME FAMILIES, BUT TO ALSO REVITALIZE DISTRESSED AREAS, AND OFFER HOMES IN HIGHER OPPORTUNITY AREAS. FORM 990, PAGE 1, PART I, LINE 6 LIPCLT 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. LIPCLT ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY AN ATTORNEY WHO SERVES AS LIPCLT'S ONGOING BOARD COUNSEL. FORM 990, PAGE 6, PART VI, LINE 6 THE SOLE MEMBER OF LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) IS LONG ISLAND HOUSING PARTNERSHIP, INC. ("LIHP"), ACTING THROUGH THE LIHP BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7A THE FIRST BOARD OF DIRECTORS SHALL CONSIST OF THOSE PERSONS ELECTED BY THE INCORPORATORS OR NAMED AS THE INITIAL BOARD OF DIRECTORS IN THE CERTIFICATE OF INCORPORATION OF LIPCLT, AND THEY SHALL HOLD OFFICE UNTIL THE FIRST ANNUAL MEETING OF THE SOLE MEMBER, AND UNTIL THEIR SUCCESSORS HAVE BEEN DULY ELECTED AND QUALIFY. THEREAFTER, AT EACH ANNUAL MEETING OF THE SOLE MEMBER, THE SOLE MEMBER SHALL ELECT DIRECTORS TO HOLD OFFICE UNTIL THE NEXT ANNUAL MEETING. EACH DIRECTOR SHALL HOLD OFFICE UNTIL THE EXPIRATION OF THE TERM FOR WHICH HE OR SHE WAS ELECTED, AND UNTIL HIS OR HER SUCCESSOR HAS BEEN DULY ELECTED AND QUALIFIED, OR UNTIL HIS OR HER PRIOR RESIGNATION OR REMOVAL AS HEREINAFTER PROVIDED. FORM 990, PAGE 6, PART VI, LINE 7B ANY OR ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS MAY BE REMOVED WITH OR WITHOUT CAUSE BY VOTE OF LIHP, AS SOLE MEMBER OF LIPCLT. ALL BY-LAWS OF LIPCLT SHALL BE SUBJECT TO ALTERATION OR REPEAL, AND NEW BY-LAWS MAY BE MADE, UPON THE APPROVAL OF LIHP, AS SOLE MEMBER OF LIPCLT. THE BOARD OF DIRECTORS SHALL HAVE THE POWER TO MAKE, ALTER OR REPEAL, FROM TIME TO TIME, THE BY-LAWS OF LIPCLT, SUBJECT TO THE APPROVAL OF LIHP, AS THE SOLE MEMBER OF LIPCLT. 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 PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. LIPCLT 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 LIPCLT. 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 LIPCLT'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 THE 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 PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (LIPHDFC), NASSAU-SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (NSPHDFC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), AND LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI). OFFICER COMPENSATION AND BENEFITS ARE ONLY PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. LIPCLT REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT NO COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY LIPCLT TO ITS OFFICERS. LONG ISLAND HOUSING PARTNERSHIP INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112889068 AFF HSG DV NY 501C3 7 NA false LI PARTNERSHIP HSNG DEV FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501C3 7 NA false NASSAUSUFFOLK PARTNERSHIP HDFC INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 AFF HSG DV NY 501C3 7 NA false LI PARTNERSHIP COMMUNITY DEVEL CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113415840 AFF HSG DV NY 501C3 7 NA 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 LIHP CMTY DEVEL FINANCIAL INSTN INC 180 OSER AVENUE SUITE 800 SUITE 800 HAUPPAUGE NY 11788 463687876 AFF HSG DV NY 501C3 10 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 true true false false false false true false false false false false true true true true false false