TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

TOWN OF ISLIP HOUSING DEVELOPMENT CORPORATION

EIN 11-3633048 · Housing Development, Construction & Management (L20)

What they do

to ACQUIRE, CONSTRUCT and PROVIDE AFFORDABLE RENTAL PROPERTY and AFFORDABLE HOUSING INITIATIVES USED IN CONJUNCTION WITH VARIOUS PROGRAMS, SUCH AS THE SECTION 8 HOUSING CHOICE VOUCHER PROGRAM, and to ESTABLISH and PROVIDE A PROGRAM for FIRST-TIME HOMEBUYERS WITH TEH TOWN of ISLIP HOUSING AUTHORITY. THE PROGRAM WILL PROVIDE GRANT FUNDS to FURTHER AFFORDABLE HOUSING for LOW-INCOME FAMILIES and MAINTAIN LONG-TERM VIABILITY of AFFORDABLE HOUSING PROPERTIES.TO DATE, THE ORGANIZATION HAS CONSTRUCTED IN BAY SHORE ONE NEW 2-FAMILY DWELLING, WHICH is OCCUPIED BY TWO LOW-INCOME RENTAL FAMILIES AN DONE NEW 3-FAMILY DWELLING, WHICH is OCCUPIED BY THREE LOW INCOME RENTAL FAMILIES. OUR TUDOR LANE FIRET-TIME HOMEBUYER PROGRAM (18 UNITS) WAS COMPLETED WITH THE SALE of 18 AFFORDABLE 2-4 BEDROOM HOMES to FEW FIRST TIME HOMEBUYERS. THE PROPERTIES CONTINUE to BE HELD BY THE BUYERS, and THE ORGANIZATION HOLD EQUITY MORTGAGES WHERE THE FAMILIES ARE RELIEVED FO THER OBLIGATION to REPAY IF THE PROPERTIES AE U

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

63.62%of revenue went to mission work73.1% of expenses · Program services

$86.98spent for every $100 of revenueRevenue covered expenses this year.

23.36%of revenue went to management and office costs26.9% of expenses

$10.75in assets for every $1 spent this yearSome assets cannot be spent right away.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$191,327

Mission workProgram services$121,72463.62% of revenue73.1% of expenses

ManagementOffice and general costs$44,68623.36% of revenue26.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$24,91713.02% of revenueShown in gray on the chart

Total expenses$166,41086.98% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 73.1% mission · 26.9% management · 0.0% fundraisingTotal expenses: 86.98% of revenue

2023Expense mix: 61.4% mission · 38.6% management · 0.0% fundraisingTotal expenses: 69.52% of revenue

2022Expense mix: 62.5% mission · 37.5% management · 0.0% fundraisingTotal expenses: 97.33% of revenue

2021Expense mix: 80.1% mission · 19.9% management · 0.0% fundraisingTotal expenses: 191.28% of revenue

2020Expense mix: 87.2% mission · 12.8% management · 0.0% fundraisingTotal expenses: 340.91% of revenue

2019Expense mix: 87.8% mission · 12.2% management · 0.0% fundraisingTotal expenses: 586.75% of revenue

2018Expense mix: 92.4% mission · 7.6% management · 0.0% fundraisingTotal expenses: 146.61% of revenue

2017Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 2,551.60% of revenue

Money in and money out

Revenue$191,327

Expenses$166,410

Annual surplus $24,917 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$121,724 · 73.1% of expenses

Management and office costs$44,686 · 26.9% of expenses

See all reported dollar amounts

Revenue$191,327

Expenses$166,410

Assets$1,788,904

Income$191,327

Mission work (program services)$121,724

Grants given$131,206

Average grant$65,603

Management and general$44,686

Accounting fees$1,600

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

DOROTHY COURTENVICE PRESIDENT

JACKIE FOSTERPRESIDENT

MARY HOMES REIDDIRECTOR

About this charity

Recognized since: January 2004
Location: 963 MONTAUK HWY, OAKDALE, NY 11769-1433
County: Suffolk
In care of: % RICHARD ALBANESE
Primary officer: JACKIE FOSTER, Executive Director

How to reach them

Phone(631) 589-7100

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: POLCARI & CO CPAS
NTEE classification: Housing Development, Construction & Management (L20)
IRS tax category: Housing Development, Construction & Management
Grant-giving organization: Yes