LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS

EIN: 463687876 501(c)(3) Housing & Shelter

HAUPPAUGE, NY

Total Revenue
$223,347
Total Expenses
$15,898
Total Assets
$1,423,351
Net Assets
$1,098,234
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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
2013
Legal Domicile
NY
Principal Officer
PETER J ELKOWITZ JR PRESIDENT
Phone
6314354710
Tax Period
2023-01-01 to 2023-12-31

LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $223K in total revenue in fiscal year 2023. Revenue surged 402% from the prior year, signaling strong growth momentum. The organization ran a surplus of $207K, a strong 93% operating margin.

Mission

TO LESSEN THE BURDENS OF GOVERNMENT AND ENHANCE THE WELL-BEING OF COMMUNITIES BY INCREASING THE SUPPLY OF NEWLY CONSTRUCTED AND REHABILITATED RESIDENCES FOR COMMUNITY DEVELOPMENT AND REDEVELOPMENT 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $200,000
Program Service Revenue $23,347
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,709
Other Expenses $15,898
TOTAL EXPENSES $15,898

Year-over-Year Comparison

2023 2022 Change
Revenue $223,347 $44,511 +4.0%
Expenses $15,898 $14,181 +0.1%
Net Income $207,449 $30,330 +5.8%
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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
5

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
8
$1,047,108
Total Directors
6
$664,177
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER J ELKOWITZ JR PRESIDENT 1.00
Officer Director
$0 $58,483 $408,420
JAMES BRITZ EXEC. VICE P 1.00
Officer Director
$0 $14,350 $255,757
JILL ROSEN-NIKOLOFF CCO/GENERAL 1.00
Officer
$0 $12,373 $193,809
VALERIE CANNY CFO 1.00
Officer
$0 $11,999 $189,122
ELENA DUNDON SECRETARY 0.10
Officer Director
$0 $0 $0
ANTHONY ESERNIO TREASURER 0.10
Officer Director
$0 $0 $0
KEVIN S LAW ESQ CHAIRMAN 0.10
Officer Director
$0 $0 $0
STEVEN F PHILBIN VICE CHAIRMA 0.10
Officer Director
$0 $0 $0
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 No data No data No data No data
2023 $223,347 $15,898 $1,423,351 $207,449
2022 $44,511 $14,181 $1,344,385 $30,330
2021 $15,231 $17,800 $1,111,987 $-2,569
2020 $22,122 $52,699 $1,582,502 $-30,577
2019 $17,454 $59,871 $1,516,072 $-42,417
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