LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC (EIN 814188947) - 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

2016

Legal Domicile

Principal Officer

PETER J ELKOWITZ JR

Phone

6314354710

Tax Period

2024-01-01 to 2024-12-31

LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HOUSING WITHIN NASSAU AND SUFFOLK COUNTIES IN NEW YORK FOR "PERSONS OF LOW INCOME", AS DEFINED IN ANY FEDERAL OR STATE LOW INCOME HOUSING CAPITAL PROGRAM OR OTHER TYPE OF AFFORDABLE HOUSING PROGRAM.

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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 $1,008,962

Program Service Revenue $1,574,714

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,583,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,515,698

Other Expenses $2,548,810

TOTAL EXPENSES $2,548,810

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,583,676	$1,511,224	+0.7%
Expenses	$2,548,810	$1,323,573	+0.9%
Net Income	$34,866	$187,651	-0.8%

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

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

$1,077,124

Total Directors

$727,569

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER J ELKOWITZ JR	PRESIDENT	9.00	Officer Director	$0	$57,551	$407,406
JAMES BRITZ	EXEC. VICE PRESIDENT	7.00	Officer Director	$0	$66,592	$320,163
KEVIN S LAW ESQ	SECRETARY	7.00	Officer Director	$0	$0	$0
JILL ROSEN-NIKOLOFF	CCO/GENERAL COUNSEL	7.00	Officer	$0	$12,772	$210,225
VALERIE CANNY	CFO (OUTGOING)	7.00	Officer	$0	$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	$2,583,676	$2,548,810	$3,205,025	$34,866
2023	$1,511,224	$1,323,573	$3,127,488	$187,651
2022	$3,631,973	$3,399,322	$3,304,336	$232,651
2021	$132,362	$494,656	$2,104,199	$-362,294
2020	$3,660,172	$3,385,260	$2,743,821	$274,912
2019	$1,357,077	$1,113,594	$1,873,940	$243,483

LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC