HAUPPAUGE, NY
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Sign In — Free (10 views/day)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.
LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT) WAS ESTABLISHED 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.AS LONG ISLAND'S FIRST REGIONAL COMMUNITY LAND TRUST, LIPCLT SUPPORTS STRONG, VITAL COMMUNITIES ACROSS LONG ISLAND THROUGH THE DEVELOPMENT AND STEWARDSHIP OF PERMANENTLY AFFORDABLE HOMES FOR PEOPLE OF ALL AGES. LIPCLT WAS DEVELOPED AS AN INNOVATIVE SOLUTION MODEL TO ADDRESS THE CRITICAL AFFORADABLE HOUSING NEEDS OF LOW- AND MODERATE-INCOME FAMILIES BY PROVIDING BELOW-MARKET HOMEOWNERSHIP OPPORTUNITIES THAT PRESEVE PERPETUAL AFFORDABILITY AND ENGAGE KEY MUNICIPAL PARTNERS. UNDER ITS SHARED-EQUITY MODEL, LIPCLT RETAINS OWNERSHIP OF THE LAND AND LEASES THE LAND TO HOMEOWNERS FOR A RENEWABLE TERM OF 99 YEARS, WHILE THE HOMEOWNERS PURCHASE AND HOLD OWNERSHIP INTEREST IN THE PHYSICAL STRUCTURE.
THE LONG ISLAND HOUSING PARTNERSHIP, INC. CONTINUES TO WORK AS A NOT-FOR-PROFIT DEVELOPER TO CREATE AFFORDABLE HOMEOWNERSHIP AND RENTAL HOUSING THROUGH NEW CONSTRUCTION AND REHABILITATION OF EXISTING...
THE LONG ISLAND HOUSING PARTNERSHIP, INC. CONTINUES TO WORK AS A NOT-FOR-PROFIT DEVELOPER TO CREATE AFFORDABLE HOMEOWNERSHIP AND RENTAL HOUSING THROUGH NEW CONSTRUCTION AND REHABILITATION OF EXISTING HOUSING. FIVE HOMES WERE COMPLETED AND CLOSED IN 2024.ELEVEN OF THE 16 HOMES PROJECTED TO SELL IN 2024 WERE UNDER CONSTRUCTION AT THE END OF 2024.THE TOTAL VALUE OF HOMES CLOSED IN 2024 WAS $2,420,203.15 OF THE 17 HOMES PROJECTED TO SELL IN 2025 WERE UNDER CONSTRUCTION AT THE END OF 2024.THE TOTAL PROJECTED VALUE OF HOMES TO CLOSE IN 2025 IS $4,993,693.HOMEOWNERSHIP:THE REMAINING TWO HOMES IN THE BRENTWOOD-ISLIP IV DEVELOPMENT WILL BE UNDER CONSTRUCTION THIS YEAR WITH COMPLETION AND CLOSINGS ANTICIPATED IN 2025.RESALES:19 RESALES ON AFFORDABLE HOMES WERE COMPLETED IN 2024.SUFFOLK COUNTY LAND BANK:SUFFOLK COUNTY LAND BANK (SCLB) IS CONTINUING TO USE FUNDS FROM ENTERPRISE FOUNDATION TO REHABILITATE HOMES THAT HAVE BEEN FORECLOSED. SCLB CONTRACTED WITH THE LONG ISLAND HOUSING PARTNERSHIP TO REHABILITATE THESE HOMES. LIHP ALSO COMPLETED ONE HOME REHABILITATIONS ON A HOME LOCATED IN BAY SHORE, NY. THIS HOME IS ANTICIPATED TO BE SOLD IN 2025IN 2024, LIHP CONTINUED TO OUTREACH/MARKET AND SELL HOMES IN THE COMMUNITY LAND TRUST HOMES.TO DATE: 26 HOMES ARE CURRENTLY HELD IN THE CLT (25 SOLD; ONE LEASED)CURRENT ANNUALLY FEES GENERATED $54,600
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 | $2,583,676 | $1,511,224 | +0.7% |
| Expenses | $2,548,810 | $1,323,573 | +0.9% |
| Net Income | $34,866 | $187,651 | -0.8% |
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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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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