2024-06-13T16:20:50-04:00 2023-12-31 990 2023-01-01 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 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 223347 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 200000 14511 23347 0 0 44511 223347 0 0 0 0 0 14181 15898 14181 15898 30330 207449 1344385 1423351 453600 325117 890785 1098234 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 10980 23347 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. 2729 A NO-INTEREST LOAN WAS MADE TO A LOCAL COMMUNITY LAND TRUST IN 2023 TO FUND AN AFFORDABLE HOUSING PROJECT IN NASSAU COUNTY, WITH CONSTRUCTION ON THIS UNIT EXPECTED TO BEGIN IN 2024. 13709 true true false false false false false false false false false false false false 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 PETER J ELKOWITZ JR PRESIDENT 1.00 49.00 X X 0 349937 58483 JAMES BRITZ EXEC. VICE P 1.00 44.00 X X 0 241407 14350 JILL ROSEN-NIKOLOFF CCO/GENERAL 1.00 44.00 X 0 181436 12373 VALERIE CANNY CFO 1.00 44.00 X 0 177123 11999 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 949903 97205 false true false 200000 200000 LOAN PORTFOLIO INTEREST 525990 23347 23347 23347 223347 23347 7516 6140 1376 100 100 627 627 7569 7569 86 86 15898 13709 2189 0 474052 403469 501830 512503 31462 420 253483 453483 83558 53476 1344385 1423351 3600 100 250000 250000 200000 75017 453600 325117 X 890785 1098234 890785 1098234 1344385 1423351 207449 X false true X true false X 30000 200000 230000 17454 22122 15231 14511 23347 92665 17454 22122 15231 44511 223347 322665 322665 17454 22122 15231 44511 223347 322665 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED GRANT ADVANCE 75017 75017 X 5730299 5506952 5506952 223347 223347 5516051 5500153 5500153 15898 15898 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 ELIMINATIONS 5,506,952 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF AFFILIATES, NET ELIMINATIONS 5,500,153 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 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. 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