LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC Charity Report

Public IRS 990 nonprofit record

LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC

EIN 81-4188947 · Housing Expense Reduction Support (L82)

What they do

LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) WAS ESTABLISHED to PROVIDE HOUSING WITHIN NASSAU and SUFFOLK COUNTIES IN NEW YORK for "PERSONS of LOW INCOME", AS DEFINED IN ANY FEDERAL or STATE LOW INCOME HOUSING CAPITAL PROGRAM or OTHER TYPE of AFFORDABLE HOUSING PROGRAM.AS LONG ISLANDS FIRST REGIONAL COMMUNITY LAND TRUST, LIPCLT SUPPORTS STRONG, VITAL COMMUNITIES ACROSS LONG ISLAND THROUGH THE DEVELOPMENT and STEWARDSHIP of PERMANENTLY AFFORDABLE HOMES for PEOPLE of ALL AGES. LIPCLT WAS DEVELOPED AS AN INNOVATIVE SOLUTION MODEL to ADDRESS THE CRITICAL AFFORADABLE HOUSING NEEDS of LOW- and MODERATE-INCOME FAMILIES BY PROVIDING BELOW-MARKET HOMEOWNERSHIP OPPORTUNITIES THAT PRESEVE PERPETUAL AFFORDABILITY and ENGAGE KEY MUNICIPAL PARTNERS. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP of THE LAND and LEASES THE LAND to HOMEOWNERS for A RENEWABLE TERM of 99 YEARS, WHILE THE HOMEOWNERS PURCHASE and HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $98.70 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 leaders5 people are listed in the latest report.

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

Money made simple

97.37%of revenue went to mission work98.7% of expenses · Program services

$98.65spent for every $100 of revenueRevenue covered expenses this year.

1.28%of revenue went to management and office costs1.3% of expenses

$1.26in assets for every $1 spent this yearSome assets cannot be spent right away.

39.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $66,592 for JAMES BRITZ (EXEC. VICE PRESIDENT). Compare pay with organizations of similar size and complexity.

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$2,583,676

Mission workProgram services$2,515,69897.37% of revenue98.7% of expenses

ManagementOffice and general costs$33,1121.28% of revenue1.3% of expenses

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

Revenue left after expensesReported annual surplus$34,8661.35% of revenueShown in gray on the chart

Total expenses$2,548,81098.65% 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: 98.7% mission · 1.3% management · 0.0% fundraisingTotal expenses: 98.65% of revenue

2023Expense mix: 97.5% mission · 2.5% management · 0.0% fundraisingTotal expenses: 87.58% of revenue

2022Expense mix: 97.6% mission · 2.4% management · 0.0% fundraisingTotal expenses: 93.59% of revenue

2021Expense mix: 47.4% mission · 52.6% management · 0.0% fundraisingTotal expenses: 373.71% of revenue

2020Expense mix: 89.8% mission · 10.2% management · 0.0% fundraisingTotal expenses: 92.49% of revenue

2019Expense mix: 72.1% mission · 27.9% management · 0.0% fundraisingTotal expenses: 82.06% of revenue

Money in and money out

Revenue$2,583,676

Expenses$2,548,810

Annual surplus $34,866 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)$2,515,698 · 98.7% of expenses

Management and office costs$33,112 · 1.3% of expenses

See all reported dollar amounts

Revenue$2,583,676

Expenses$2,548,810

Assets$3,205,025

Income$2,583,676

Contributions$1,008,962

Mission work (program services)$2,515,698

Grants given$10,162

Average grant$10,162

Management and general$33,112

People

Leadership and board

Tax year 2024

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

People reported as paid

Person and titleCompensation

JAMES BRITZEXEC. VICE PRESIDENT · 7 hrs/week $66,592Base · Other $66,592

PETER J ELKOWITZ JRPRESIDENT · 9 hrs/week $57,551Base · Other $57,551

JILL ROSEN-NIKOLOFFCCO/GENERAL COUNSEL · 7 hrs/week $12,772Base · Other $12,772

VALERIE CANNYCFO (OUTGOING) · 7 hrs/week $4,697Base · Other $4,697

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (5)

JAMES BRITZEXEC. VICE PRESIDENT

PETER J ELKOWITZ JRPRESIDENT

JILL ROSEN-NIKOLOFFCCO/GENERAL COUNSEL

VALERIE CANNYCFO (OUTGOING)

KEVIN S LAW ESQSECRETARY

About this charity

Recognized since: January 2017
Location: 180 OSER AVE STE 800, HAUPPAUGE, NY 11788-3737
County: Suffolk
In care of: % PETER ELKOWITZ
Primary officer: PETER J ELKOWITZ JR, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@lihp.org Phone(631) 435-4710

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Housing Expense Reduction Support (L82)
IRS tax category: Housing Expense Reduction Support
Grant-giving organization: Yes