HAUPPAUGE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. WAS FORMED FOR THE PURPOSE OF ACQUIRING AND HOLDING TITLE TO LAND FROM GOVERNMENT AND PRIVATE SOURCES, SECURING FINANCING THROUGH VARIOUS GOVERNMENT AND PRIVATE GRANTS FOR PRE-DEVELOPMENT AND CONSTRUCTION ACTIVITIES, CONSTRUCTING HOMES, AND TRANSFERRING LAND AND COMPLETED UNITS TO HOMEBUYERS.
IN 2024, LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPHDFC) COMPLETED AND TRANSFERRED 5 HOME UNITS TO HOMEBUYERS IN SUFFOLK COUNTY. THESE HOMEBUYERS WERE INDIVIDUALS WHO MET THE...
IN 2024, LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPHDFC) COMPLETED AND TRANSFERRED 5 HOME UNITS TO HOMEBUYERS IN SUFFOLK COUNTY. THESE HOMEBUYERS WERE INDIVIDUALS WHO MET THE INCOME ELIGIBILITY REQUIREMENTS AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. IN ADDITION, MULTIPLE OTHER PROPERTIES WERE UNDER CONSTRUCTION DURING THE YEAR. THE LAND UPON WHICH THESE 5 HOME UNITS WERE BUILT WAS TRANSFERRED TO AN AFFILIATE ENTITY OF LIPHDFC, LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT). LIPCLT WAS ESTABLISHED WITH THE INTENT OF ACQUIRING AND DEVELOPING OR REHABILITATING MULTIPLE PARCELS OF LAND THROUGHOUT LONG ISLAND AND RETAINING OWNERSHIP OF THESE PARCELS WITHIN ITS LAND TRUST FOREVER. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP OF LAND WITHIN ITS LAND TRUST AND LEASES THE LAND TO HOME BUYERS FOR A RENEWABLE TERM OF 99 YEARS THROUGH A GROUND LEASE AGREEMENT, WHILE THE HOME BUYERS PURCHASE AND HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE. THIS ALLOWS INCOME-ELIGIBLE FAMILIES TO PURCHASE HOMES AT BELOW-MARKET PRICES, AND ALLOWS THE PROPERTY TO REMAIN AFFORDABLE IN PERPETUITY.
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 | $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% |
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 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 |
| 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 |
Compare LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND CORPORATION INC with other nonprofits in New York and across the country.