2025-11-10T14:29:12-06:00 2024-12-31 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-01-01 112889068 LONG ISLAND HOUSING PARTNERSHIP INC LONG 6314354710 180 OSER AVENUE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT/CEO 6314354710 2025-11-06 1 1 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-11-06 2024 2025-03-06 01:10:19Z PETER J ELKOWITZ JR 180 OSER AVENUE 800 HAUPPAUGE NY 11788 3343999 0 X LIHP.ORG X 1987 NY 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. 30 30 26 30 0 0 2552486 1057627 906547 1368056 -6268 84375 578047 802314 4030812 3312372 0 0 0 0 2973400 2691167 0 0 74566 1395407 1317286 4368807 4008453 -337995 -696081 10852999 8933653 6045438 4822173 4807561 4111480 X LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) WAS CREATED TO ADDRESS THE NEED FOR AND TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND FOR THOSE WHO ARE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS. 0 1 1111596 334272 AHC HOME IMPROVEMENT PROGRAM (HIP):HIP BENEFITS THE COMMUNITY BY ELIMINATING AND PREVENTING BLIGHT, AND BY CORRECTING BASIC HOUSING DEFICIENCIES SUCH AS BUILDING CODE VIOLATIONS OR STRUCTURAL DEFECTS, FOR FAMILIES AND SENIOR CITIZENS WITH LOW TO MODERATE INCOMES. IN ADDITION, THE PROGRAM CAN ELIMINATE ARCHITECTURAL BARRIERS FOR ELIGIBLE HANDICAPPED HOMEOWNERS.-THREE REHABS WERE COMPLETED IN 2024. THE NYS AFFORDABLE HOUSING CORPORATION (AHC) GRANTED EACH HOMEOWNER A MAXIMUM OF $40,000, GENERATING PROGRAM REVENUE OF $9,000.PLUS-ONE ACCESSORY DWELLING UNIT PROGRAM (ADUP):IN PARTNERSHIP WITH THE TOWNS OF BROOKHAVEN, HUNTINGTON, ISLIP AND SOUTHOLD, LIHP WAS AWARDED $12 MILLION FROM THE NYS AFFORDABLE HOUSING CORPORATION (AHC) TO ADMINISTER THE ADUP ($2 MILLION PER TOWN). THIS PROGRAM PROVIDES UP TO $125,000 OF ASSISTANCE TO EXISTING LOW-AND MODERATE-INCOME HOME OWNERS WISHING TO ADD AN ACCESSORY DWELLING UNIT (ADU) TO THEIR PROPERTY OR MAKE CAPITAL REPAIRS TO AN EXISTING ADU THAT NEEDS TO BE BROUGHT INTO COMPLIANCE WITH LOCAL AND STATE CODE REQUIREMENTS. LIHP KICKED OFF A NEW ISLIP PROGRAM IN 2024, AND WAS RECENTLY AWARDED A $2 MILLION GRANT FOR RIVERHEAD IN EARLY 2025.TOWN OF BABYLON HOME IMPROVEMENT PROGRAM:-IN 2023, LIHP WAS AWARDED TOWN OF BABYLON COMMUNITY DEVELOPMENT HOME IMPROVEMENT. IT PROVIDES NO-INTEREST DEFERRED PAYMENT LOANS TO QUALIFIED LOW TO MODERATE-INCOME TO THREE HOMEOWNERS. THE MAXIMUM LOAN IS UP TO $50,000 TO CORRECT SUBSTANDARD HOUSING CODE VIOLATIONS AND AN ADDITIONAL $15,000 FOR LEAD ABATEMENT. 531249 928514 TECHNICAL ASSISTANCE:LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO MUNICIPALITIES, NOT-FOR-PROFIT HOUSING ORGANIZATIONS AND FOR-PROFIT DEVELOPERS TO FACILITATE THE CREATION OF AFFORDABLE HOUSING. SERVICES PROVIDED INCLUDE THE ADMINISTRATION OF APPLICANT WAITING LISTS, CONDUCTING LOTTERIES, DETERMINATION OF APPLICANT ELIGIBILITY AND RE-CERTIFICATION, APPLICANT FINANCIAL COUNSELING AND ASSISTANCE, AND SERVING AS AN INTERMEDIARY BETWEEN THE BUILDERS OF AFFORDABLE HOUSING AND THE COMMUNITIES IN WHICH WE SERVE. LIHP ASSISTED 1,146 HOUSEHOLDS IN 2024 THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS. OF THESE 1,146 UNITS, 1,014 WERE RENTALS, 15 WERE HOMEOWNERSHIP AND 117 WERE LIMITED EQUITY COOPERATIVE UNITS. 13 NEW TECHNICAL ASSISTANCE AGREEMENTS WERE EXECUTED IN 2024 FOR VARIOUS DEVELOPMENTS, REPRESENTING 107 ADDITIONAL UNITS. OF THESE 13 DEVELOPMENTS, 10 ARE FOR RENTALS (REPRESENTING AN ADDITIONAL 98 AFFORDABLE UNITS) AND 3 ARE FOR HOMEOWNERSHIP (REPRESENTING AN ADDITIONAL 9 AFFORDABLE UNITS) IN 2024, LIHP ASSISTED 1,146 HOUSEHOLDS THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS-IN 2024, 10 NEW AFFORDABLE HOUSING DEVELOPMENTS BECAME ACTIVE, EITHER THROUGH A VIRTUAL LOTTERY OR COMMENCEMENT OF A FIRST-COME FIRST-SERVED APPLICATION PROCESS, MAKING 110 ADDITIONAL AFFORDABLE UNITS AVAILABLE FOR QUALIFIED HOUSEHOLDS. -FOR 2024, LIHP HAD 58 ACTIVE TECHNICAL ASSISTANCE AGREEMENTS FOR WHICH WE PROVIDED RENTAL OR FIRST-TIME HOMEBUYER SERVICES. OF THESE 58 AGREEMENTS, 50 WERE FOR RENTAL DEVELOPMENTS AND 8 WERE FOR HOME OWNERSHIP DEVELOPMENTS.-AS OF JANUARY 2025, LIHP HAS 17 ADDITIONAL TECHNICAL ASSISTANCE AGREEMENTS WHICH ARE EXECUTED BUT WERE NOT ACTIVE IN 2024 FOR EITHER RENTAL OR FIRST-TIME HOMEBUYER SERVICES. THESE 17 AGREEMENTS REPRESENT AN ADDITIONAL 253 UNITS.-LIHP ALSO HAS A TECHNICAL SERVICES AGREEMENT IN CONNECTION WITH A 117- UNIT LIMITED EQUITY COOPERATIVE DEVELOPMENT (HIGHLAND GREENS) THROUGH WHICH LIHP PROVIDES GENERAL ASSISTANCE AND DESIGNATE REPRESENTATIVES TO SERVE AS BOARD MEMBERS. 365049 105270 DEFAULT AND FORECLOSURE COUNSELING:HOMEOWNERS WHO ARE FACING DEFAULT ON AN EXISTING MORTGAGE OR OTHER RELATED ISSUES CAN MEET WITH A COUNSELOR TO DISCUSS HOW TO GET BACK ON TRACK WITH THEIR MORTGAGE LENDER. THE COUNSELING FOCUSES ON DETERMINING THE AMOUNT AND EXTENT OF THE DEFAULT, THE REASON FOR DELINQUENCY AND POSSIBLE OPTIONS WHICH COULD BE AVAILABLE TO THE HOMEOWNER TO RESOLVE THE DELINQUENCY. TO HELP AND ASSIST HOMEOWNERS CONTINUES TO BE DIFFICULT AND CHALLENGING. WITH NO FUNDS AVAILABLE TO ASSIST (HAF) IT IS A VERY CHALLENGING ENVIRONMENT. WE FEEL THERE NEEDS TO BE BETTER EFFORTS FROM SERVICERS TO HELP HOMEOWNERS RETAIN THEIR PROPERTY. ALLOWING THE HOMEOWNERS TO KEEP THEIR EXISTING RATES IF LOWER THAN MARKET RATES. IN ADDITION, THE BROADER ECONOMIC ENVIRONMENT SUCH AS LOSS OF INCOME, INCREASE IN PROPERTY TAXES/HOME OWNER'S INSURANCE AND INFLATION MAKES IT DIFFICULT FOR THE HOMEOWNER TO RECOVER. LIHP CONTINUES TO WORK WITH LOCAL MUNICIPALITIES AND NYS OAG OFFICE ON OUTREACH SEMINARS TO BRING AWARENESS TO THE LONG ISLAND COMMUNITY.-LIHP HAD 72 INTAKE APPLICATIONS IN 2024-PROVIDED DEFAULT AND FORECLOSURE COUNSELING TO THREE CLIENTS IN NEED IN 2024-LIHP SECURED $257,283 IN HOPP YEAR 12 FUNDING FROM THE NYS ATTORNEY GENERAL FOR FORECLOSURE PREVENTION COUNSELING FOR THE GRANT PERIOD OF 7/16/2024 THROUGH 7/15/2025. 392446 809449 SUFFOLK COUNTY LAND BANK:-SUFFOLK COUNTY LAND BANK (SCLB) IS CONTINUING TO USE FUNDS FROM ENTERPRISE FOUNDATION TO REHABILITATE HOMES THAT HAVE BEEN FORECLOSED. SCLB CONTRACTED WITH THE LONG ISLAND HOUSING PARTNERSHIP TO REHABILITATE THESE HOMES. -LIHP ALSO COMPLETED ONE HOME REHABILITATIONS ON A HOME LOCATED IN BAY SHORE, NY. THIS HOME IS ANTICIPATED TO BE SOLD IN 2025IN 2024, LIHP CONTINUED TO OUTREACH/MARKET AND SELL HOMES IN THE COMMUNITY LAND TRUST HOMES.TO DATE: -26 HOMES ARE CURRENTLY HELD IN THE CLT (25 SOLD; ONE LEASED)-CURRENT ANNUALLY FEES GENERATED $54,600 392446 809449 2400340 1 1 0 0 0 0 0 0 1 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 50 0 1 26 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X ANDREW BENTIVEGNA DIR OF FIN 6314354710 180 OSER AVENUE HAUPPAUGE NY 11788 X ANDREA ROTHCHILD DIRECTOR 0.10 0.30 X 0 0 0 ANTHONY ESERNIO TREASURER 0.10 0.50 X X 0 0 0 BRIAN SAPP DIRECTOR 0.10 0.30 X 0 0 0 CHRISTOPHER M HAHN DIRECTOR 0.10 0.30 X 0 0 0 CHRISTOPHER MCKEVER DIRECTOR 0.10 0.30 X 0 0 0 ELENA A DUNDON SECRETARY 0.10 0.50 X X 0 0 0 KEVIN M HARVEY DIRECTOR 0.10 0.30 X 0 0 0 KEVIN S LAW ESQ CHARIMAN 0.40 0.60 X X 0 0 0 LAWRENCE S JONES DIRECTOR 0.10 0.30 X 0 0 0 MARLO PAVENTI DIRECTOR 0.10 0.30 X 0 0 0 MARTHA ABRAMS DIRECTOR 0.10 0.30 X 0 0 0 MARY REID 2ND VICE CHAIRWOMAN 0.10 0.30 X X 0 0 0 MATTHEW COHEN DIRECTOR 0.10 0.30 X 0 0 0 MELISSA SANTOS DIRECTOR 0.10 0.30 X 0 0 0 PATRICK HALPIN DIRECTOR 0.10 0.30 X 0 0 0 PETER G FLOREY DIRECTOR 0.10 0.30 X 0 0 0 PETER KLEIN DIRECTOR 0.10 0.30 X 0 0 0 REINALDO REI PEREZ DIRECTOR 0.10 0.30 X 0 0 0 REV DR DARIS DIXON-CLARK DIRECTOR 0.10 0.30 X 0 0 0 RICHARD J LOCKE DIRECTOR 0.10 0.30 X 0 0 0 ROBERT A ISAKSEN DIRECTOR 0.10 0.30 X 0 0 0 ROBERT C CREIGHTON ESQ DIRECTOR 0.10 0.30 X 0 0 0 ROBERT J COUGHLAN DIRECTOR 0.10 0.30 X 0 0 0 SCOTT BRONSON DIRECTOR 0.10 0.30 X 0 0 0 SHAWN CASSIDY DIRECTOR 0.10 0.30 X 0 0 0 SHIRLEY E COVERDALE DIRECTOR 0.10 0.30 X 0 0 0 STEVEN F PHILBIN VICE CHAIRMAN 0.10 0.50 X X 0 0 0 STEVEN KRIEGER DIRECTOR 0.10 0.30 X 0 0 0 THOMAS P DEJESU DIRECTOR 0.10 0.30 X 0 0 0 VINCENT E GIOVINCO DIRECTOR 0.10 0.30 X 0 0 0 ANDREW BENTIVEGNA DIRECTOR OF FINANCE 25.00 20.00 X 24213 0 0 JAMES BRITZ EXEC. VP/COO 25.00 20.00 X 253571 0 66592 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 25.00 20.00 X 197453 0 12772 PETER J ELKOWITZ JR PRESIDENT/CEO 25.00 25.00 X 349855 0 57551 VALERIE CANNY CFO (OUTGOING) 25.00 20.00 X 134633 0 4697 959725 0 141612 4 0 1 0 0 38850 61808 713481 243488 1057627 TECHNICAL ASSISTANCE 900099 928514 928514 APPLICATION, CLOSING & 900099 334272 334272 MORTGAGE COUNSELING 900099 105270 105270 1368056 38085 38085 46290 0 46290 46290 46290 24492 61808 31627 -7135 -7135 REIMB. FROM AFFILIATES 900099 809449 809449 809449 3312372 2177505 0 77240 X 1101337 627762 451549 22026 1097606 636330 439571 21705 58117 33694 23274 1149 292902 168948 118142 5812 141205 81221 57177 2807 15635 15635 75495 75495 2869 2869 638040 494852 129258 13930 31711 31711 126821 73987 51032 1802 145197 83503 58808 2886 17254 10535 6415 304 12279 7879 4156 244 1283 1283 97304 55960 41344 68699 39509 27824 1366 PROG. RELATED EXP. 36969 36431 538 REPAIRS AND MAINTENANCE 19101 10984 7737 380 BAD DEBT 16490 16490 OTHER 12139 7034 4950 155 4008453 2400340 1533547 74566 1249967 1427081 2818416 1728169 697796 686171 39127 31208 848081 776646 140721 71435 4054694 3600466 1262133 930167 590145 458956 10852999 8933653 724362 528422 91608 112124 1623436 1716115 3585516 2486028 6045438 4822173 X 4028417 3332336 779144 779144 4807561 4111480 10852999 8933653 -696081 0 X X 0 1 X 1 1 1 X 881394 3852202 3917804 2552486 1050492 12254378 881394 3852202 3917804 2552486 1050492 12254378 12254378 21355 64786 44641 27612 38085 196479 16250 613907 833941 1464098 13914955 6627956 0.88070 0.96790 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING INCOME - 2022 AMOUNT: $ 16,250. 2023 AMOUNT: $ 19,710. 2024 AMOUNT: $ 24,492. REIMBURSEMENT FEE - 2023 AMOUNT: $ 594,197. 2024 AMOUNT: $ 809,449. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 5337025 455662 1250000 4542687 4852111 484914 5337025 5670135 -818024 4852111 5283419 386716 5670135 4884411 399561 553 5283419 0.99650 0.00350 1 0 328372 322490 5882 519709 454156 65553 71435 OPEN END DYNAMIC ASSET ALLOCATION 718383 F ALTERNATIVE INVESTMENTS 211784 F 930167 RIGHT OF USE ASSETS 422996 CAPITALIZED PROJECT COSTS 35960 458956 DUE TO AFFILIATES 1576259 OPERATING/FIANANCE LEASE LIABILITIES 433349 PROJECT GRANT ADVANCES 476420 2486028 X 5791351 15840 2463139 2478979 3312372 0 3312372 5978167 15840 1953874 1969714 4008453 0 4008453 PART IV, LINE 2B: LONG ISLAND HOUSING PARTNERSHIP, INC. HOLDS FUNDS ON BEHALF OF NEW YORK STATE AND VARIOUS LOCAL MUNICIPALITIES AS PART OF THE FOLLOWING PROGRAMS: HOMEOWNERSHIP AND ECONOMIC STABILIZATION FOR LONG ISLAND PROGRAM, NASSAU COUNTY DOWN PAYMENT ASSISTANCE PROGRAM, EMPLOYER ASSISTED HOUSING PROGRAM, AND THE COMMUNITY STABILIZATION PROGRAM. FUNDS AUTHORIZED FOR RELEASE ARE USED TO PROVIDE DOWN PAYMENT ASSISTANCE AND REHABILITATION FUNDS TO ELIGIBLE HOMEBUYERS. PART V, LINE 4: THE PRINCIPAL OF THE PERMANENT ENDOWMENT FUNDS ARE INVESTED IN AN INVESTMENT ACCOUNT. ANY EARNINGS CAN BE WITHDRAWN ANNUALLY AND USED FOR GENERAL OPERATING PURPOSES OF THE ORGANIZATION. PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023 IN ACCORDANCE WITH FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' REVENUE 5,598,362. CONSOLIDATING ELIMINATIONS -3,135,223. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSE 5,089,097. CONSOLIDATING ELIMINATIONS -3,135,223. ANNUAL MEETING 86300 61808 24492 14864 9628 1343 5792 86300 61808 24492 14864 9628 1343 5792 31627 -7135 X X X 0 0 0 0 0 0 0 1 0 PETER J ELKOWITZ JR PRESIDENT/CEO 291256 0 55000 0 3599 0 20289 0 37262 0 407406 0 0 0 JAMES BRITZ EXEC. VP/COO 196025 0 45000 0 12546 0 13206 0 53386 0 320163 0 0 0 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 182453 0 15000 0 0 0 12772 0 0 0 210225 0 0 0 PART I, LINE 3 ANY SALARY CHANGES AND BONUSES ARE DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. PART I, LINE 7 IN 2024, EXECUTIVE OFFICERS APPROVED AN ANNUAL BONUS FOR THE NON-EXECUTIVE OFFICER IN THE AMOUNT REFLECTED IN PART VII OF FORM 990. SCHEDULE J, PART II, COLUMN B(III): PETER J. ELKOWITZ JR., PRESIDENT/CEO AND JAMES BRITZ, EXEC. VP/COO RECEIVED AUTO ALLOWANCE AND IT IS REPORTED IN COLUMN B(III). FORM 990, PART I, LINE 6 LIHP 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. LIHP ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY FROM AN ATTORNEY WHO SERVES AS LIHP'S ONGOING BOARD COUNSEL. OTHER VOLUNTEERS INCLUDE SEVERAL MORTGAGE AND LOAN SPECIALISTS WHO PARTICIPATE IN GROUP EDUCATION AND MORTGAGE COUNSELING SESSIONS, SPECIFICALLY PROVIDING INFORMATION TO PROSPECTIVE HOME BUYERS ON THE PROCESS OF OBTAINING A MORTGAGE. FROM TIME TO TIME, VOLUNTEERS ARE ALSO ASKED TO SPEAK AT OUR OFFICE OR AT A SEMINAR OR NEIGHBORHOOD FORUM. FORM 990, PART III, LINE 3 COVID-19 RELATED PROGRAMS HAVE ENDED DUE TO PROGRAM GUIDELINES. FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS THE MEMBERSHIP OF LIHP SHALL CONSIST OF VOTING AND NON-VOTING MEMBERS PURSUANT TO ELIGIBILITY AND QUALIFICATIONS PRESCRIBED BY RESOLUTIONS DULY ADOPTED BY THE BOARD OF DIRECTORS OF LIHP, OR BY SUCH RULES AND REGULATIONS AS MAY BE PRESCRIBED BY THE BOARD OF DIRECTORS OF LIHP, FROM TIME TO TIME. SUCH RESOLUTIONS OR RULES AND REGULATIONS ADOPTED BY THE BOARD OF DIRECTORS OF LIHP MAY PRESCRIBE, WITH RESPECT TO ALL MEMBERS, THE AMOUNT AND MANNER OF IMPOSING AND COLLECTING ANY INITIATION FEES, DUES OR OTHER FEES, ASSESSMENTS, FINES AND PENALTIES, THE MANNER OF SUSPENSION OR TERMINATION OF MEMBERSHIP, AND FOR REINSTATEMENT OF MEMBERSHIP, AND, EXCEPT AS MAY OTHERWISE BE PROVIDED, THE RIGHTS, LIABILITIES AND OTHER INCIDENTS OF MEMBERSHIP. THE RIGHT OR INTEREST OF A MEMBER SHALL NOT TERMINATE EXCEPT UPON THE HAPPENING OF ANY OF THE FOLLOWING EVENTS: DEATH, RESIGNATION, EXPULSION, DISSOLUTION OR LIQUIDATION OF LIHP. FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS EACH DIRECTOR SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS AT THE ANNUAL MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. DIRECTORS WHO ARE ELECTED AT AN ANNUAL MEETING OF THE MEMBERS, AND DIRECTORS WHO ARE ELECTED IN THE INTERIM TO FILL VACANCIES AND NEWLY CREATED DIRECTORSHIPS, SHALL HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING OF THE MEMBERS UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED. IN THE INTERIM BETWEEN ANNUAL MEETINGS OR SPECIAL MEETINGS OF MEMBERS CALLED FOR THE ELECTION OF DIRECTORS, NEWLY CREATED 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, PART VI, SECTION A, LINE 7B DECISIONS SUBJECT TO APPROVAL OF MEMBERS EACH VOTING MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. A VOTING MEMBER WHOSE ANNUAL CONTRIBUTION (AS PER ANNIVERSARY DATE) IS DELINQUENT FOR SIX MONTHS OR MORE, SHALL NOT BE IN GOOD STANDING. ANY DIRECTOR MAY BE REMOVED FOR CAUSE BY THE MAJORITY VOTE OF THE MEMBERS ENTITLED TO VOTE, OR BY VOTE OF THE DIRECTORS PROVIDED THAT A QUORUM IS PRESENT AT THE TIME SUCH ACTION IS TAKEN. THE BY-LAWS OF LIHP SHALL BE SUBJECT TO ALTERATION OR REPEAL, AND NEW BY-LAWS MAY BE ADOPTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND MEMBERS ENTITLED TO VOTE IN THE ELECTION OF DIRECTORS, AT ANY REGULAR MEETING OR AT ANY SPECIAL MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED 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 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY LONG ISLAND HOUSING PARTNERSHIP, INC.'S (LIHP) CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. LIHP 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 LIHP. 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, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL METHODS USED BY LIHP TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF EXECUTIVE OFFICERS (CURRENTLY, THE PRESIDENT & CEO AND EXECUTIVE VICE PRESIDENT & 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. COMPENSATION PROCESS FOR OFFICERS METHODS USED BY LIHP TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF NON-EXECUTIVE OFFICERS (CURRENTLY, THE CHIEF FINANCIAL OFFICER) INCLUDE ANNUAL PERFORMANCE EVALUATIONS AND A REVIEW OF 990 FORMS OF COMPARABLE ORGANIZATIONS. THERE ARE NO KEY EMPLOYEES OF LIHP. ANNUAL PERFORMANCE EVALUATIONS OF NON-EXECUTIVE OFFICERS ARE COMPLETED BY THE EXECUTIVE OFFICERS. NON-EXECUTIVE OFFICERS ARE ASKED TO COMPLETE AND SUBMIT A SELF-EVALUATION FORM TO THE EXECUTIVE OFFICERS. IN ADDITION, EXECUTIVE OFFICERS MAY INTERVIEW STAFF MEMBERS THAT WORK WITH, OR REPORT TO, THE NON-EXECUTIVE OFFICER BEING ASSESSED, OR MAY ASK SUCH STAFF MEMBERS TO COMPLETE AN ASSESSMENT FORM ON THE NON-EXECUTIVE OFFICER. COMPLETED SELF-EVALUATION FORMS AND STAFF ASSESSMENT FEEDBACK ARE UTILIZED IN EVALUATING THE NON-EXECUTIVE OFFICER'S PERFORMANCE. IN ADDITION, EXECUTIVE OFFICERS MAY RESEARCH COMPENSATION INFORMATION FROM COMPARABLE NONPROFIT ORGANIZATIONS TO ASSIST IN DETERMINING ANNUAL SALARY ADJUSTMENTS AND BONUSES (IF ANY). FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION LONG ISLAND HOUSING PARTNERSHIP, INC.'S (LIHP) 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, PART VII - ADDITIONAL INFORMATION EXECUTIVE AND NON-EXECUTIVE OFFICER COMPENSATION AND RELATED BENEFITS REFLECTED WITHIN PART VII OF FORM 990 HEREIN REPRESENT THE ENTIRE AMOUNT PAID TO EACH RESPECTIVE OFFICER FOR WORK DONE ON LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: NASSAU-SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (NSPHDFC), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (LIPHDFC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI), AND LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT). OFFICER COMPENSATION AND BENEFITS ARE ONLY PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. EACH RELATED ORGANIZATION REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT ALL COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY LIHP TO ITS OFFICERS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 494,852. MANAGEMENT AND GENERAL EXPENSES 129,258. FUNDRAISING EXPENSES 13,930. TOTAL EXPENSES 638,040. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113415840 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 463687876 AFF HSG DV NY 501(C)(3) LINE 10 LIHP 1 NASSAUSUFFOLK PARTERNSHIP HOUSING DEVELOPMENT FUND COMPANY INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 462861979 AFF HSG DV NY 501(C)(3) LINE 10 N/A 0 LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC 180 OSER AVENUE 800 HAUPPAUGE NY 11788 814188947 AFF HSG DV NY 501(C)(3) LINE 7 LIHP 1 LI SNR CITIZEN HSNG AT BROADWAY WEST 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113504473 DEV RNT UN NY N/A C 1.00000 1 LI SENIOR HSNG AT MEDFORD LANDING 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113590300 DEV RNT UN NY N/A C 1.00000 1 HG HOUSING DEVELOPMENT FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 472286341 DEV RNT UN NY N/A C 17414 1.00000 1 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 1 1 0 0 LI PARTNERSHIP CLT HSNG DEV FUND CO INC D 546623 LI PARTNERSHIP CLT HSNG DEV FUND CO INC E 105000 LI PARTNERSHIP CLT HSNG DEV FUND CO INC O 95965