HAUPPAUGE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LONG ISLAND HOUSING PARTNERSHIP INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $4.0M exceeded revenue, resulting in a 21% operating deficit.
LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) WAS CREATED TO ADDRESS THE NEED FOR AND TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND FOR THOSE WHO ARE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS.
AHC HOME IMPROVEMENT PROGRAM (HIP):HIP BENEFITS THE COMMUNITY BY ELIMINATING AND PREVENTING BLIGHT, AND BY CORRECTING BASIC HOUSING DEFICIENCIES SUCH AS BUILDING CODE VIOLATIONS OR STRUCTURAL...
AHC HOME IMPROVEMENT PROGRAM (HIP):HIP BENEFITS THE COMMUNITY BY ELIMINATING AND PREVENTING BLIGHT, AND BY CORRECTING BASIC HOUSING DEFICIENCIES SUCH AS BUILDING CODE VIOLATIONS OR STRUCTURAL DEFECTS, FOR FAMILIES AND SENIOR CITIZENS WITH LOW TO MODERATE INCOMES. IN ADDITION, THE PROGRAM CAN ELIMINATE ARCHITECTURAL BARRIERS FOR ELIGIBLE HANDICAPPED HOMEOWNERS.-THREE REHABS WERE COMPLETED IN 2024. THE NYS AFFORDABLE HOUSING CORPORATION (AHC) GRANTED EACH HOMEOWNER A MAXIMUM OF $40,000, GENERATING PROGRAM REVENUE OF $9,000.PLUS-ONE ACCESSORY DWELLING UNIT PROGRAM (ADUP):IN PARTNERSHIP WITH THE TOWNS OF BROOKHAVEN, HUNTINGTON, ISLIP AND SOUTHOLD, LIHP WAS AWARDED $12 MILLION FROM THE NYS AFFORDABLE HOUSING CORPORATION (AHC) TO ADMINISTER THE ADUP ($2 MILLION PER TOWN). THIS PROGRAM PROVIDES UP TO $125,000 OF ASSISTANCE TO EXISTING LOW-AND MODERATE-INCOME HOME OWNERS WISHING TO ADD AN ACCESSORY DWELLING UNIT (ADU) TO THEIR PROPERTY OR MAKE CAPITAL REPAIRS TO AN EXISTING ADU THAT NEEDS TO BE BROUGHT INTO COMPLIANCE WITH LOCAL AND STATE CODE REQUIREMENTS. LIHP KICKED OFF A NEW ISLIP PROGRAM IN 2024, AND WAS RECENTLY AWARDED A $2 MILLION GRANT FOR RIVERHEAD IN EARLY 2025.TOWN OF BABYLON HOME IMPROVEMENT PROGRAM:-IN 2023, LIHP WAS AWARDED TOWN OF BABYLON COMMUNITY DEVELOPMENT HOME IMPROVEMENT. IT PROVIDES NO-INTEREST DEFERRED PAYMENT LOANS TO QUALIFIED LOW TO MODERATE-INCOME TO THREE HOMEOWNERS. THE MAXIMUM LOAN IS UP TO $50,000 TO CORRECT SUBSTANDARD HOUSING CODE VIOLATIONS AND AN ADDITIONAL $15,000 FOR LEAD ABATEMENT.
TECHNICAL ASSISTANCE:LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO MUNICIPALITIES, NOT-FOR-PROFIT HOUSING ORGANIZATIONS AND FOR-PROFIT DEVELOPERS TO FACILITATE THE CREATION OF AFFORDABLE HOUSING...
TECHNICAL ASSISTANCE:LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO MUNICIPALITIES, NOT-FOR-PROFIT HOUSING ORGANIZATIONS AND FOR-PROFIT DEVELOPERS TO FACILITATE THE CREATION OF AFFORDABLE HOUSING. SERVICES PROVIDED INCLUDE THE ADMINISTRATION OF APPLICANT WAITING LISTS, CONDUCTING LOTTERIES, DETERMINATION OF APPLICANT ELIGIBILITY AND RE-CERTIFICATION, APPLICANT FINANCIAL COUNSELING AND ASSISTANCE, AND SERVING AS AN INTERMEDIARY BETWEEN THE BUILDERS OF AFFORDABLE HOUSING AND THE COMMUNITIES IN WHICH WE SERVE. LIHP ASSISTED 1,146 HOUSEHOLDS IN 2024 THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS. OF THESE 1,146 UNITS, 1,014 WERE RENTALS, 15 WERE HOMEOWNERSHIP AND 117 WERE LIMITED EQUITY COOPERATIVE UNITS. 13 NEW TECHNICAL ASSISTANCE AGREEMENTS WERE EXECUTED IN 2024 FOR VARIOUS DEVELOPMENTS, REPRESENTING 107 ADDITIONAL UNITS. OF THESE 13 DEVELOPMENTS, 10 ARE FOR RENTALS (REPRESENTING AN ADDITIONAL 98 AFFORDABLE UNITS) AND 3 ARE FOR HOMEOWNERSHIP (REPRESENTING AN ADDITIONAL 9 AFFORDABLE UNITS) IN 2024, LIHP ASSISTED 1,146 HOUSEHOLDS THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS-IN 2024, 10 NEW AFFORDABLE HOUSING DEVELOPMENTS BECAME ACTIVE, EITHER THROUGH A VIRTUAL LOTTERY OR COMMENCEMENT OF A FIRST-COME FIRST-SERVED APPLICATION PROCESS, MAKING 110 ADDITIONAL AFFORDABLE UNITS AVAILABLE FOR QUALIFIED HOUSEHOLDS. -FOR 2024, LIHP HAD 58 ACTIVE TECHNICAL ASSISTANCE AGREEMENTS FOR WHICH WE PROVIDED RENTAL OR FIRST-TIME HOMEBUYER SERVICES. OF THESE 58 AGREEMENTS, 50 WERE FOR RENTAL DEVELOPMENTS AND 8 WERE FOR HOME OWNERSHIP DEVELOPMENTS.-AS OF JANUARY 2025, LIHP HAS 17 ADDITIONAL TECHNICAL ASSISTANCE AGREEMENTS WHICH ARE EXECUTED BUT WERE NOT ACTIVE IN 2024 FOR EITHER RENTAL OR FIRST-TIME HOMEBUYER SERVICES. THESE 17 AGREEMENTS REPRESENT AN ADDITIONAL 253 UNITS.-LIHP ALSO HAS A TECHNICAL SERVICES AGREEMENT IN CONNECTION WITH A 117- UNIT LIMITED EQUITY COOPERATIVE DEVELOPMENT (HIGHLAND GREENS) THROUGH WHICH LIHP PROVIDES GENERAL ASSISTANCE AND DESIGNATE REPRESENTATIVES TO SERVE AS BOARD MEMBERS.
DEFAULT AND FORECLOSURE COUNSELING:HOMEOWNERS WHO ARE FACING DEFAULT ON AN EXISTING MORTGAGE OR OTHER RELATED ISSUES CAN MEET WITH A COUNSELOR TO DISCUSS HOW TO GET BACK ON TRACK WITH THEIR MORTGAGE...
DEFAULT AND FORECLOSURE COUNSELING:HOMEOWNERS WHO ARE FACING DEFAULT ON AN EXISTING MORTGAGE OR OTHER RELATED ISSUES CAN MEET WITH A COUNSELOR TO DISCUSS HOW TO GET BACK ON TRACK WITH THEIR MORTGAGE LENDER. THE COUNSELING FOCUSES ON DETERMINING THE AMOUNT AND EXTENT OF THE DEFAULT, THE REASON FOR DELINQUENCY AND POSSIBLE OPTIONS WHICH COULD BE AVAILABLE TO THE HOMEOWNER TO RESOLVE THE DELINQUENCY. TO HELP AND ASSIST HOMEOWNERS CONTINUES TO BE DIFFICULT AND CHALLENGING. WITH NO FUNDS AVAILABLE TO ASSIST (HAF) IT IS A VERY CHALLENGING ENVIRONMENT. WE FEEL THERE NEEDS TO BE BETTER EFFORTS FROM SERVICERS TO HELP HOMEOWNERS RETAIN THEIR PROPERTY. ALLOWING THE HOMEOWNERS TO KEEP THEIR EXISTING RATES IF LOWER THAN MARKET RATES. IN ADDITION, THE BROADER ECONOMIC ENVIRONMENT SUCH AS LOSS OF INCOME, INCREASE IN PROPERTY TAXES/HOME OWNER'S INSURANCE AND INFLATION MAKES IT DIFFICULT FOR THE HOMEOWNER TO RECOVER. LIHP CONTINUES TO WORK WITH LOCAL MUNICIPALITIES AND NYS OAG OFFICE ON OUTREACH SEMINARS TO BRING AWARENESS TO THE LONG ISLAND COMMUNITY.-LIHP HAD 72 INTAKE APPLICATIONS IN 2024-PROVIDED DEFAULT AND FORECLOSURE COUNSELING TO THREE CLIENTS IN NEED IN 2024-LIHP SECURED $257,283 IN HOPP YEAR 12 FUNDING FROM THE NYS ATTORNEY GENERAL FOR FORECLOSURE PREVENTION COUNSELING FOR THE GRANT PERIOD OF 7/16/2024 THROUGH 7/15/2025.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,312,372 | $4,030,812 | -0.2% |
| Expenses | $4,008,453 | $4,368,807 | -0.1% |
| Net Income | $-696,081 | $-337,995 | +1.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ANDREA ROTHCHILD | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| ANTHONY ESERNIO | TREASURER | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN SAPP | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER M HAHN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER MCKEVER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| ELENA A DUNDON | SECRETARY | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN M HARVEY | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| KEVIN S LAW ESQ | CHARIMAN | 0.40 |
Officer
Director
|
$0 | $0 | $0 |
| LAWRENCE S JONES | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MARLO PAVENTI | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| MARTHA ABRAMS | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MARY REID | 2ND VICE CHAIRWOMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW COHEN | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| MELISSA SANTOS | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| PATRICK HALPIN | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| PETER G FLOREY | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| PETER KLEIN | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| REINALDO REI PEREZ | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| REV DR DARIS DIXON-CLARK | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| RICHARD J LOCKE | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| ROBERT A ISAKSEN | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| ROBERT C CREIGHTON ESQ | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| ROBERT J COUGHLAN | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| SCOTT BRONSON | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| SHAWN CASSIDY | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| SHIRLEY E COVERDALE | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| STEVEN F PHILBIN | VICE CHAIRMAN | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN KRIEGER | DIRECTOR | 0.10 |
Director
|
$0 | $0 | $0 |
| THOMAS P DEJESU | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| VINCENT E GIOVINCO | DIRECTOR | 0.10 |
Director
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$0 | $0 | $0 |
| ANDREW BENTIVEGNA | DIRECTOR OF FINANCE | 25.00 |
Officer
|
$24,213 | $0 | $24,213 |
| JAMES BRITZ | EXEC. VP/COO | 25.00 |
Officer
|
$253,571 | $66,592 | $320,163 |
| JILL ROSEN-NIKOLOFF | CCO/GENERAL COUNSEL | 25.00 |
Officer
|
$197,453 | $12,772 | $210,225 |
| PETER J ELKOWITZ JR | PRESIDENT/CEO | 25.00 |
Officer
|
$349,855 | $57,551 | $407,406 |
| VALERIE CANNY | CFO (OUTGOING) | 25.00 |
Officer
|
$134,633 | $4,697 | $139,330 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,312,372 | $4,008,453 | $8,933,653 | $-696,081 |
| 2023 | $4,030,812 | $4,368,807 | $10,852,999 | $-337,995 |
| 2022 | $5,351,109 | $5,237,232 | $11,292,867 | $113,877 |
| 2021 | $6,179,842 | $4,193,058 | $11,769,661 | $1,986,784 |
| 2020 | $2,763,345 | $3,033,223 | $9,236,759 | $-269,878 |
| 2019 | $3,794,581 | $3,724,507 | $8,645,642 | $70,074 |
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