LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND CORPORATION INC (EIN 112911043) - 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

1988

Legal Domicile

Principal Officer

PETER J ELKOWITZ JR

Phone

6314354710

Tax Period

2024-01-01 to 2024-12-31

LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND CORPORATION INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $488K, a strong 19% operating margin.

Mission

THE DEVELOPMENT AND/OR REHABILITATION AND TRANSFER OF COMPLETED HOUSING UNITS TO HOMEOWNERS IN ACCORDANCE WITH LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC.'S TAX EXEMPT PURPOSE.

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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 $48,847

Program Service Revenue $2,472,897

Investment Income $31,361

Other Revenue $0

TOTAL REVENUE $2,553,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,780,329

Other Expenses $2,064,724

TOTAL EXPENSES $2,064,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,553,105	$1,229,348	+1.1%
Expenses	$2,064,724	$1,268,378	+0.6%
Net Income	$488,381	$-39,030	-13.5%

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

N/A

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

$727,569

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 MCKEEVER	DIRECTOR	0.10	Director	$0	$0	$0
ELENA DUNDON	SECRETARY	0.10	Officer Director	$0	$0	$0
JAMES BRITZ	EXEC. VP/COO	3.00	Officer Director	$0	$66,592	$320,163
KEVIN HARVEY	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN S LAW ESQ	CHARIMAN	0.10	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 J ELKOWITZ JR	PRESIDENT/CEO	4.00	Officer Director	$0	$57,551	$407,406
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
JILL ROSEN-NIKOLOFF	CCO/GENERAL COUNSEL	3.00	Officer	$0	$12,772	$210,225
VALERIE CANNY	CFO (OUTGOING)	3.00	Officer	$0	$4,697	$139,330
ANDREW BENTIVENGNA	DIRECTOR OF FINANCE	1.00	Officer	$0	$0	$24,213

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	$2,553,105	$2,064,724	$3,283,215	$488,381
2023	$1,229,348	$1,268,378	$2,803,822	$-39,030
2022	$1,677,517	$1,252,182	$2,814,671	$425,335
2021	$89,532	$128,728	$2,437,112	$-39,196
2020	$1,438,044	$1,000,676	$2,498,192	$437,368
2019	$1,014,814	$974,563	$2,320,292	$40,251

LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND CORPORATION INC