LONG ISLAND HOUSING PARTNERSHIP INC (EIN 112889068) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

PETER J ELKOWITZ JR

Phone

6314354710

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,057,627

Program Service Revenue $1,368,056

Investment Income $84,375

Other Revenue $802,314

TOTAL REVENUE $3,312,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,691,167

Fundraising Expenses $74,566

Program Expenses $2,400,340

Other Expenses $1,317,286

TOTAL EXPENSES $4,008,453

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,101,337

Total Directors

Key Employees

Highest Compensated

reported

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	$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	$0	$0	$0
PATRICK HALPIN	DIRECTOR	0.10	Director	$0	$0	$0
PETER G FLOREY	DIRECTOR	0.10	Director	$0	$0	$0
PETER KLEIN	DIRECTOR	0.10	Director	$0	$0	$0
REINALDO REI PEREZ	DIRECTOR	0.10	Director	$0	$0	$0
REV DR DARIS DIXON-CLARK	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD J LOCKE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT A ISAKSEN	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT C CREIGHTON ESQ	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT J COUGHLAN	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT BRONSON	DIRECTOR	0.10	Director	$0	$0	$0
SHAWN CASSIDY	DIRECTOR	0.10	Director	$0	$0	$0
SHIRLEY E COVERDALE	DIRECTOR	0.10	Director	$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	$0	$0	$0
VINCENT E GIOVINCO	DIRECTOR	0.10	Director	$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

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

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

LONG ISLAND HOUSING PARTNERSHIP INC