Long Island Housing Partnership Inc

Organization Overview

Long Island Housing Partnership Inc is located in Hauppauge, NY. The organization was established in 1988. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Long Island Housing Partnership Inc employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Long Island Housing Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Long Island Housing Partnership Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 7.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LIHP IMPLEMENTED SEVERAL COVID-RELATED PROGRAMS DURING 2021, AIDING 3,741 TENANTS, LANDLORDS AND HOMEOWNERS NEGATIVELY IMPACTED BY THE COVID-19 CRISIS, INCLUDING: O NYSHCR-RENTAL RELIEF PROGRAM O NEW YORK FORWARD LOAN FUND PROGRAM WITH COMMUNITY PRESERVATION CORP. O TOWN OF BROOKHAVEN CDBG-CV MORTGAGE & RENTAL ASSISTANCE PROGRAM O TOWN OF HEMPSTEAD EMERGENCY RENTAL ASSISTANCE PROGRAM O TOWN OF OYSTER BAY EMERGENCY RENTAL ASSISTANCE PROGRAM O HOUSING STABILITY COUNSELING PROGRAMS (CONTINUED ON SCHEDULE O)


LIHP, IN PARTNERSHIP WITH THE SUFFOLK COUNTY LAND BANK (SCLB), REHABILITATES PREVIOUSLY-FORECLOSED HOMES UTILIZING FUNDS PROVIDED TO THE SCLB BY THE NEW YORK STATE ATTORNEY GENERAL'S OFFICE. ONCE RENOVATED, HOMES ARE SOLD TO HOMEBUYERS WHO MET SPECIFIC INCOME ELIGIBILITY REQUIREMENTS AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. LIHP REHABILITATED TWO HOMES AND SOLD ONE HOME IN 2021. AT 12/31/2021, ONE OTHER HOME IS IN CONTRACT TO SELL, AND ONE ADDITIONAL HOME IS UNDER CONSTRUCTION.


LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) RECEIVES GRANTS AND CONTRACTS TO COUNSEL FIRST TIME HOMEBUYERS THROUGH THE PROCESS OF HOME BUYING, AND COUNSEL FAMILIES AND INDIVIDUALS IN DEFAULT ON THEIR MORTGAGES AND FACING FORECLOSURE ON THEIR HOMES. IN 2021, LIHP'S HUD-CERTIFIED COUNSELORS MET WITH AND PROVIDED INDIVIDUALIZED, PRE-PURCHASE COUNSELING TO 1,270 FIRST- TIME HOME BUYERS, COVERING EVERY ASPECT OF THE HOME BUYING PROCESS, FROM BUDGETING, FAIR HOUSING EDUCATION, SAVINGS OF ASSETS, AND THE IMPORTANCE OF MAINTAINING GOOD CREDIT, TO HOUSE HUNTING, AND OBTAINING A MORTGAGE. OF THOSE COUNSELED 130 RECEIVED MORTGAGE COMMITMENTS AND PURCHASED HOMES. IN ADDITION, 34 CLIENTS WERE COUNSELED FOR DEFAULT/FORECLOSURE PREVENTION IN 2021.


LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO FOR-PROFIT AND NONPROFIT DEVELOPERS, AND MUNICIPALITIES. SERVICES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING, ALL OF WHICH RELATE TO THE DEVELOPMENT OF AFFORDABLE RENTALS OR SINGLE-FAMILY HOMES: RESEARCH AND ADVICE ON PROGRAM AND FUNDING REQUIREMENTS, ASSISTANCE WITH THE DEVELOPMENT OF BUDGETS, PROGRAM GUIDELINES AND RELATED FORMS, COORDINATION OF MARKETING, PRESCREENING OF HOMEBUYERS/RENTERS, GRANT WRITING FOR PUBLIC SUBSIDY, MONITORING THE DEVELOPMENT PROCESS, ASSISTANCE WITH THE CONTRACT AND CLOSING PROCESS, ACTING AS LIAISON BETWEEN DEVELOPERS AND MUNICIPALITIES, AND MONITORING AND COMPLIANCE WITH FUNDING GUIDELINES BEFORE AND AFTER CLOSING. THERE WERE 808 UNITS COVERED BY ALL TECHNICAL ASSISTANCE CONTRACTS IN 2021. LIHP PROVIDES OTHER PROGRAM SERVICES, WHICH ASSISTED 30 CLIENTS IN 2021, INCLUDING ADMINISTRATION OF THE EMPLOYER ASSISTED HOUSING PROGRAM, MULTIPLE DOWN-PAYMENT ASSISTANCE PROGRAMS, AND VARIOUS SERVICES RELATED TO NEW AND EXISTING DEVELOPMENT PROJECTS.


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Board, Officers & Key Employees

Name (title)Compensation
Peter J Elkowitz Jr
President /
$296,826
James Britz
Exec. VP / C
$204,696
Jill Rosen-Nikoloff
Cco/general
$166,100
Valerie Canny
CFO
$155,800
Anthony Esernio
Treasurer
$0
Elena Dundon
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$7,750
Fundraising events$0
Related organizations$0
Government grants $2,927,941
All other contributions, gifts, grants, and similar amounts not included above$916,511
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,852,202
Total Program Service Revenue$1,600,951
Investment income $64,786
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $661,903
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $6,179,842

Grants Awarded

Over the last fiscal year, Long Island Housing Partnership Inc has awarded $52,704 in support to 3 organizations.

Grant RecipientAmount

LI PARTNERSHIP HSNG DEV FUND CO INC

Org PageRecipient Profile

Hauppauge, NY

PURPOSE: AFFORDABLE HOUSING

$40,121

NASSAUSUFFOLK PARTNERSHIP HDFC INC

Org PageRecipient Profile

Hauppauge, NY

PURPOSE: AFFORDABLE HOUSING

$7,402

LI PARTNRSHP CLT HSNG DEV FUND CO

Org PageRecipient Profile

Hauppauge, NY

PURPOSE: AFFORDABLE HOUSING

$5,181
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Long Island Housing Partnership Inc has recieved totaling $283,778.

Awarding OrganizationAmount
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION)

$84,593
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION

$50,067
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$50,000
New York Mortgage Coalition Inc

New York, NY

PURPOSE: Financial Counseling & Technology

$50,000
Webster Bank Charitable Foundation

Wilmington, DE

PURPOSE: PRE-PURCHASE EDUCATION AND FAIR HOUSING INITIATIVES

$25,000
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)

$13,700
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,283,419
Earnings$386,716
Ending Balance$5,670,135

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