2025-11-10T14:07:21-06:00 2024-12-31 873707167 CBIZ ADVISORS LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2024-01-01 113360966 NASSAUSUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY NASS 6314354710 180 OSER AVENUE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT/CEO 6314354710 2025-10-20 1 0 MAGDALENA CZERNIAWSKI P00535099 2125038800 2025-10-20 2024 2025-03-06 01:10:19Z PETER J ELKOWITZ JR 180 OSER AVENUE 800 HAUPPAUGE NY 11788 394170 0 X LIHP.ORG X 1997 NY THE DEVELOPMENT AND/OR REHABILITATION OF COMPLETED HOUSING UNITS TO HOMEOWNERS IN ACCORDANCE WITH NASSAU/SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC.'S (NSPHDFC) TAX EXEMPT PURPOSE. 32 30 0 30 0 0 0 50000 0 4204 -54343 339966 0 0 -54343 394170 0 0 0 0 0 0 0 0 0 331152 450107 331152 450107 -385495 -55937 3771237 4208417 92711 585828 3678526 3622589 X NASSAU SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (NSPHDFC) WAS ORGANIZED TO DEVELOP HOUSING FOR PERSONS OF LOWER AND/OR MODERATE INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS IN NASSAU AND/OR SUFFOLK COUNTIES IN NEW YORK. THIS CORPORATION IS DESIGNATED AS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION (CHDO), AS DEFINED IN THE FEDERAL REGULATIONS. 0 0 109607 4204 NASSAU/SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. HAS ACQUIRED 21 HOMES IN TOTAL THROUGHOUT NASSAU AND SUFFOLK COUNTIES FROM NYS GOVERNOR'S OFFICE OF STORM RECOVERY.LIHP WILL CONTINUE TO MAKE THESE HOMES AVAILABLE TO INDIVIDUALS/FAMILIES AT 80% AMI.TO DATE, SEVEN HOMES HAVE CLOSED AND BEEN PLACED IN THE CLT.IN 2024, LIHP HAD NINE REBUILD HOMES UNDER CONSTRUCTION. NO HOMES WERE CLOSED IN 2024. CONSTRUCTION IN 2024 WAS SLOWED BY VARIOUS MUNICIPAL DELAYS.NINE HOMES ARE EXPECTED TO BE CLOSED IN 2025. 109607 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 32 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X ANDREW BENTIVEGNA DIRECTOR OF FINANCE 6314354710 180 OSER AVENUE HAUPPAUGE NY 11788 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 MCKEEVER DIRECTOR 0.10 0.30 X 0 0 0 ELENA DUNDON SECRETARY 0.10 0.50 X X 0 0 0 JAMES BRITZ EXEC. VP/COO 7.00 38.00 X X 0 253571 66592 KEVIN 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 J ELKOWITZ JR PRESIDENT/CEO 9.00 41.00 X X 0 349855 57551 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 40.00 0.00 X 0 24213 0 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 7.00 38.00 X 0 197453 12772 VALERIE CANNY CFO (OUTGOING) 7.00 38.00 X 0 134633 4697 0 959725 141612 0 0 1 0 0 50000 50000 PROGRAM SERVICE REVENU 900099 4204 4204 4204 136488 136488 203478 0 203478 203478 203478 394170 4204 0 339966 365112 104103 261009 23100 23100 12611 12611 244 244 1389 1389 86 86 43536 43536 PROJECT COSTS 4029 4029 450107 109607 340500 0 58251 38138 406496 331635 16582 35113 3803531 0 0 3803531 3289908 0 3771237 4208417 23711 33790 69000 552038 92711 585828 X 3678526 3622589 3678526 3622589 3771237 4208417 -55937 0 X X 0 1 X 1 0 X 241544 271000 45154 50000 607698 241544 271000 45154 50000 607698 45918 561780 81944 279084 148034 98885 136419 744366 1352064 3021504 0.41550 0.59390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32440 32440 3771091 3771091 3803531 DUE TO AFFILIATES 483038 CONSTRUCTION AND LAND TRUST RESERVES 69000 552038 X 5791351 5409792 5409792 381559 12611 12611 394170 5978167 5540671 5540671 437496 12611 12611 450107 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 8,545,015. CONSOLIDATED ELIMINATIONS -3,135,223. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITIES' EXPENSE 8,675,894. CONSOLIDATED ELIMINATIONS -3,135,223. 0 0 0 0 0 0 0 0 0 PETER J ELKOWITZ JR PRESIDENT/CEO 0 291256 0 55000 0 3599 0 20289 0 37262 0 407406 0 0 JAMES BRITZ EXEC. VP/COO 0 196025 0 45000 0 12546 0 13206 0 53386 0 320163 0 0 JILL ROSEN-NIKOLOFF CCO/GENERAL COUNSEL 0 182453 0 15000 0 0 0 12772 0 0 0 210225 0 0 PART I, LINE 3 THE COMPENSATION FOR THE PRESIDENT & CEO IS ESTABLISHED BY THE RELATED ENTITY LONG ISLAND HOUSING PARTNERSHIP. FORM 990, PART VII - RELATED ORGANIZATIONS 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 NASSAU-SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (NSPHDFC) AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), 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. NSPHDFC REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT NO COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY NSPHDFC TO ITS OFFICERS. FORM 990, PART VI, SECTION A, LINE 6 THE MEMBERS OF NSPHDFC SHALL CONSIST OF THOSE INDIVIDUALS, CORPORATIONS AND ORGANIZATIONS WHO ARE MEMBERS IN GOOD STANDING OF THE LONG ISLAND HOUSING PARTNERSHIP, INC./LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, AND ANY OTHER PERSONS WHO RESIDE, OR WORK IN THE LOW INCOME COMMUNITY WHERE NSPHDFC IS DEVELOPING ITS AFFORDABLE HOUSING PROJECT(S), AS MAY BE ELECTED FROM TIME TO TIME BY A VOTE OF THE BOARD OF DIRECTORS. 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 THE CORPORATION. NOT WITHSTANDING THE FOREGOING, ANY MEMBER, AFTER HAVING FULFILLED ALL OBLIGATIONS TO NSPHDFC, MAY RESIGN BY GIVING WRITTEN NOTICE TO THE SECRETARY OF THE CORPORATION (ANY SUCH RESIGNATION TO TAKE EFFECT AS SPECIFIED IN THE RESIGNATION, OR IF NOT SO SPECIFIED, UPON RECEIPT BY THE SECRETARY), AND ANY MEMBER MAY BE REMOVED OR SUSPENDED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A 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 EACH VOTING MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ANY MEMBER MAY BE REMOVED OR SUSPENDED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF THE MEMBERS. THE BY-LAWS OF NSPHDFC SHALL BE SUBJECT TO ALTERATION OR REPEAL, AND NEW BY-LAWS MAY BE ADOPTED BY A MAJORITY VOTE OF THE 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 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, PART VI, SECTION B, LINE 12C NSPHDFC'S CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. NSPHDFC 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 NSPHDFC. 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 C, LINE 19 NSPHDFC'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 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 XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PART VII, LINE 6 NSPHDFC 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. NSPHDFC ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY FROM AN ATTORNEY WHO SERVES AS NSPHDFC'S ONGOING BOARD COUNSEL. LI PARTNERSHIP COMMUNITY DEV CORP 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 INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112889068 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 LIHP HOSUING DEV FUND CORPORATION 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 LIHP COMM DEV FINANCIAL INS INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 463687876 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 CMTY DEV AND DISASTER RELIEF CORP 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 SUITE 800 HAUPPAUGE NY 11788 814188947 AFF HSG DV NY 501(C)(3) LINE 7 N/A 0 LI SENIOR HOUSING AT MEDFORD LANDING INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113590300 DEV RNT UN NY N/A C 0 LI SENIOR CITIZEN HOUSING AT BROADWAY WEST INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113504473 DEV RNT UN NY N/A C 0 HG HOUSING DEVELOPMENT FUND COMPANY INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 472286341 DEV RNT UN NY N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0