2024-06-13T16:20:50-04:00 2023-12-31 990 2023-01-01 113415840 LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION LONG 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT / CEO 6314354710 2024-05-13 PETER ELKOWITZ 999009999 false 2023 2023-04-26 12:10:37Z PETER J ELKOWITZ JR PRESIDENTCEO 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 0 false X LIHP.ORG X 1997 NY THE DEVELOPMENT AND/OR REHABILITATION AND TRANSFER OF COMPLETED HOUSING UNITS TO HOMEOWNERS IN ACCORDANCE WITH THE ORGANIZATION'S TAX-EXEMPT PURPOSE. 32 30 0 31 0 4370 0 391060 0 0 0 395430 0 0 0 0 0 0 299253 25 299253 25 96177 -25 14118 14632 102611 103150 -88493 -88518 THE DEVELOPMENT AND/OR REHABILITATION AND TRANSFER OF COMPLETED HOUSING UNITS TO HOMEOWNERS IN ACCORDANCE WITH THE ORGANIZATION'S TAX-EXEMPT PURPOSE. false false THE DEVELOPMENT AND/OR REHABILITATION AND TRANSFER OF COMPLETED HOUSING UNITS TO HOMEOWNERS IN ACCORDANCE WITH THE ORGANIZATION'S TAX-EXEMPT PURPOSE. true false false false false false false false false false false false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 32 30 false false false false true true true true true false false true true true true true true false false false NY X VALERIE CANNY CPA CFO 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 X PETER J ELKOWITZ JR PRESIDENT / 1.00 49.00 X X 0 349937 58483 JAMES BRITZ EXEC. VP / C 1.00 44.00 X X 0 241407 14350 JILL ROSEN-NIKOLOFF CCO/ GENERAL 1.00 44.00 X 0 181436 12373 VALERIE CANNY CFO 1.00 44.00 X 0 177123 11999 MARTHA ABRAMS DIRECTOR (IN 0.10 0.30 X 0 0 0 SCOTT BRONSON DIRECTOR (IN 0.10 0.30 X 0 0 0 STEVEN CANNELLA DIRECTOR (OU 0.10 0.30 X 0 0 0 LAURA A CASSELL DIRECTOR (OU 0.10 0.30 X 0 0 0 SHAWN CASSIDY DIRECTOR (IN 0.10 0.30 X 0 0 0 MATTHEW COHEN DIRECTOR 0.10 0.30 X 0 0 0 ROBERT J COUGHLAN DIRECTOR 0.10 0.30 X 0 0 0 SHIRLEY E COVERDALE DIRECTOR 0.10 0.30 X 0 0 0 THOMAS P DEJESU DIRECTOR 0.10 0.30 X 0 0 0 RICHARD D DEVERNA DIRECTOR (OU 0.10 0.30 X 0 0 0 REV DR DARIS DIXON-CLARK DIRECTOR 0.10 0.30 X 0 0 0 ELENA DUNDON SECRETARY 0.10 0.50 X X 0 0 0 ANTHONY ESERNIO TREASURER 0.10 0.50 X X 0 0 0 ROBERT C CREIGHTON ESQ DIRECTOR 0.10 0.30 X 0 0 0 KEVIN S LAW ESQ CHAIRMAN 0.10 0.90 X X 0 0 0 MICHAEL A FIELDS DIRECTOR (OU 0.10 0.30 X 0 0 0 PETER G FLOREY DIRECTOR 0.10 0.30 X 0 0 0 COLLEEN GALVIN DIRECTOR (OU 0.10 0.30 X 0 0 0 VINCENT E GIOVINCO DIRECTOR 0.10 0.30 X 0 0 0 THOMAS B HAGGERTY DIRECTOR (OU 0.10 0.30 X 0 0 0 CHRISTOPHER M HAHN DIRECTOR 0.10 0.30 X 0 0 0 PATRICK HALPIN DIRECTOR 0.10 0.30 X 0 0 0 KEVIN HARVEY DIRECTOR 0.10 0.30 X 0 0 0 ROBERT A ISAKSEN DIRECTOR 0.10 0.30 X 0 0 0 LAWRENCE S JONES DIRECTOR 0.10 0.30 X 0 0 0 PETER KLEIN DIRECTOR 0.10 0.30 X 0 0 0 STEVEN KRIEGER DIRECTOR 0.10 0.30 X 0 0 0 RICHARD J LOCKE DIRECTOR 0.10 0.30 X 0 0 0 CHRISTOPHER MCKEEVER DIRECTOR 0.10 0.30 X 0 0 0 VLADIMIR ORTEGA DIRECTOR (OU 0.10 0.30 X 0 0 0 MARLO PAVENTI DIRECTOR 0.10 0.30 X 0 0 0 REINALDO REI PEREZ DIRECTOR (IN 0.10 0.30 X 0 0 0 STEVEN F PHILBIN VICE CHAIRMA 0.10 0.50 X X 0 0 0 MARY REID 2ND VICE CHA 0.10 0.30 X X 0 0 0 ANDREA ROTHCHILD DIRECTOR 0.10 0.30 X 0 0 0 MELISSA SANTOS DIRECTOR (IN 0.10 0.30 X 0 0 0 BRIAN SAPP DIRECTOR 0.10 0.30 X 0 0 0 949903 97205 false true false 0 25 25 25 0 25 0 14118 14118 514 14118 14632 1907 73 100704 103077 102611 103150 X -88493 -88518 -88493 -88518 14118 14632 -25 X false true X true false X 6454 224 4370 11048 6454 224 4370 11048 11048 330 9 3 342 246 246 11636 391060 0.94950 0.99390 X PART II, LINE 10 246 DUE TO AFFILIATES 103077 103077 X 5730299 5730299 5730299 5516051 5516026 5516026 25 25 SCHEDULE D, PAGE 3, PART X LIHP AND ITS AFFILIATED ENTITIES, LIPHDFC, NSPHDFC, LIPCDC, CDDRC, CDFI AND LIPCLTHDFC ARE NOT-FOR-PROFIT ORGANIZATIONS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND QUALIFY AS NOT-FOR-PROFIT ORGANIZATIONS UNDER NEW YORK STATE LAW. NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IS REQUIRED. HGHDFC, LISCHBW AND LISHML ARE FOR-PROFIT CORPORATIONS. PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN INCLUDED IN MANAGEMENT AND GENERAL EXPENSES IN THE COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022 IN ACCORDANCE WITH FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE OF AFFILIATES, NET OF ELIMINATIONS 5,730,299 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF AFFILIATES, NET OF ELIMINATIONS 5,516,026 false false false false false false false false false PETER J ELKOWITZ JR PRESIDENT / CEO 279556 66862 3519 21553 36930 408420 JAMES BRITZ EXEC. VP / COO 191208 44669 5530 14350 255757 JILL ROSEN-NIKOLOFF CCO/ GENERAL COUNSEL 173936 7500 12373 193809 VALERIE CANNY CFO 167123 10000 11999 189122 SCHEDULE J, PAGE 1, PART I, LINE 3 METHODS USED BY LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), A RELATED ORGANIZATION, TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF EXECUTIVE OFFICERS (CURRENTLY, THE PRESIDENT AND CEO AND EXECUTIVE VICE PRESIDENT AND COO) INCLUDE ANNUAL PERFORMANCE EVALUATIONS BY A COMPENSATION COMMITTEE, REVIEW OF 990 FORMS OF COMPARABLE ORGANIZATIONS, AND APPROVAL OF THE FULL BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE OF LIHP CONSISTS OF THE BOARD CHAIRMAN, VICE CHAIRMAN, SECRETARY, TREASURER, AND UP TO TWO ADDITIONAL INDEPENDENT BOARD MEMBERS OF LIHP. EXECUTIVE OFFICERS ARE ASKED TO COMPLETE AND SUBMIT TO THE COMPENSATION COMMITTEE A SELF-EVALUATION FORM ANNUALLY. IN ADDITION, AT LEAST TWO STAFF MEMBERS THAT WORK WITH, OR REPORT TO, THE EXECUTIVE OFFICER BEING EVALUATED, ARE ASKED TO COMPLETE AN ASSESSMENT FORM ON THE EXECUTIVE OFFICER. COMPLETED SELF-EVALUATION AND STAFF ASSESSMENT FORMS ARE SUBMITTED TO THE COMPENSATION COMMITTEE FOR REVIEW AND DISCUSSION. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS COMPENSATION FOR EXECUTIVE OFFICERS OF SIMILAR ORGANIZATIONS. THE COMPENSATION COMMITTEE MAY ALSO CONDUCT INTERVIEWS WITH THE EXECUTIVE OFFICERS. AT THE BEGINNING OF EACH YEAR, EXECUTIVE OFFICERS MUST PRESENT TO THE BOARD A COMPREHENSIVE REPORT ON PAST YEAR'S ACCOMPLISHMENTS AND COMPARISON WITH PREVIOUSLY-ESTABLISHED GOALS, AND DISCUSS ORGANIZATIONAL PROJECTIONS AND GOALS FOR THE UPCOMING YEAR. THIS COMPREHENSIVE REPORT IS DISTRIBUTED TO ALL BOARD MEMBERS FOR DISCUSSION, AND IS PREPARED AND PRESENTED PRIOR TO ANY COMPENSATION COMMITTEE DISCUSSIONS OR RECOMMENDATIONS ON CHANGES TO EXECUTIVE OFFICER COMPENSATION. ONCE ALL EVALUATION INFORMATION IS OBTAINED AND DISCUSSED, THE COMPENSATION COMMITTEE PREPARES A FINAL COMBINED EVALUATION AND RECOMMENDATION FOR EXECUTIVE OFFICER COMPENSATION ADJUSTMENTS AND BONUSES (IF ANY), WHICH IS REVIEWED BY THE BOARD CHAIRMAN. THE BOARD CHAIRMAN SUBMITS A FINAL REPORT ON COMPENSATION COMMITTEE RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS. THE FULL BOARD OF DIRECTORS VOTES ON AND APPROVES THE FINAL ANNUAL COMPENSATION ADJUSTMENTS AND BONUSES (IF ANY) OF ALL EXECUTIVE OFFICERS. FORM 990, PAGE 1, PART I, LINE 6 LIPCDC UTILIZES THE SERVICES OF MANY EXPERTS AND PROFESSIONAL VOLUNTEERS WHO GENEROUSLY DONATE THEIR EXPERTISE TO SUPPORT PROGRAM AND ADMINISTRATIVE NEEDS. VOLUNTEERS INCLUDE UNCOMPENSATED BOARD OFFICERS AND BOARD DIRECTORS, WHOSE CHIEF FUNCTION IS TO ADVANCE THE ORGANIZATION'S MISSION, AND PROVIDE ORGANIZATIONAL OVERSIGHT, SUPPORT, AND DIRECTION. BOARD OFFICERS AND DIRECTORS MEET PERIODICALLY TO DISCUSS AND VOTE ON THE AFFAIRS OF THE ORGANIZATION. MANY BOARD OFFICERS AND DIRECTORS ALSO VOLUNTEER ADDITIONAL TIME SERVING ON VARIOUS BOARD COMMITTEES. LIPCDC ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY FROM AN ATTORNEY WHO SERVES AS LIPCDC'S ONGOING BOARD COUNSEL. FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERS OF LIPCDC SHALL CONSIST OF THOSE INDIVIDUALS, CORPORATIONS AND ORGANIZATIONS WHO ARE MEMBERS IN GOOD STANDING OF THE LONG ISLAND HOUSING PARTNERSHIP, INC./LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, AND ANY OTHER PERSONS WHO RESIDE, OR WORK IN THE LOW INCOME COMMUNITY WHERE THE CORPORATION IS PROMOTING EMPLOYMENT AND BUSINESS OPPORTUNITIES AND ECONOMIC DEVELOPMENT AS MAY BE ELECTED FROM TIME TO TIME BY A VOTE OF THE BOARD OF DIRECTORS. THE RIGHT OR INTEREST OF A MEMBER SHALL NOT TERMINATE EXCEPT UPON THE HAPPENING OF ANY OF THE FOLLOWING EVENTS: DEATH, RESIGNATION, EXPULSION, DISSOLUTION OR LIQUIDATION OF LIPCDC. NOTWITHSTANDING THE FOREGOING, ANY MEMBER, AFTER HAVING FULFILLED ALL OBLIGATIONS TO LIPCDC, MAY RESIGN BY GIVING WRITTEN NOTICE TO THE SECRETARY OF THE CORPORATION (ANY SUCH RESIGNATION TO TAKE EFFECT AS SPECIFIED IN THE RESIGNATION, OR IF NOT SO SPECIFIED, UPON RECEIPT BY THE SECRETARY), AND ANY MEMBER MAY BE REMOVED OR SUSPENDED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A EACH DIRECTOR SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS AT THE ANNUAL MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. DIRECTORS WHO ARE ELECTED AT AN ANNUAL MEETING OF THE MEMBERS, AND DIRECTORS WHO ARE ELECTED IN THE INTERIM TO FILL VACANCIES AND NEWLY CREATED DIRECTORSHIPS, SHALL HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING OF THE MEMBERS UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED. IN THE INTERIM BETWEEN ANNUAL MEETINGS OR SPECIAL MEETINGS OF MEMBERS CALLED FOR THE ELECTION OF DIRECTORS, NEWLY CREATED DIRECTORSHIPS AND ANY EXISTING VACANCIES IN THE BOARD OF DIRECTORS, INCLUDING VACANCIES RESULTING FROM THE REMOVAL OF DIRECTORS FOR CAUSE, MAY BE FILLED BY THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE DIRECTORS THEN IN OFFICE, ALTHOUGH LESS THAN A QUORUM EXISTS OR BY THE SOLE REMAINING DIRECTOR. A DIRECTOR ELECTED TO FILL A VACANCY CAUSED BY RESIGNATION, DEATH OR REMOVAL SHALL BE ELECTED TO HOLD OFFICE FOR THE UNEXPIRED TERM OF HIS PREDECESSOR. FORM 990, PAGE 6, PART VI, LINE 7B EACH VOTING MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. ANY MEMBER MAY BE REMOVED OR SUSPENDED AT ANY TIME, WITH OR WITHOUT CAUSE, BY MAJORITY VOTE OF THE MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED AND APPROVED BY SENIOR MANAGEMENT AND THE TREASURER, AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS. A FULL COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION'S (LIPCDC) CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. LIPCDC ASKS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE A QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT WOULD IMPACT THEIR DUTIES AND RESPONSIBILITIES TO LIPCDC. THIS IS TO BE COMPLETED BY ALL INCOMING OFFICERS, DIRECTORS, REPRESENTATIVES OF DIRECTORS (AT BOARD MEETINGS) AND KEY EMPLOYEES, PRIOR TO COMMENCEMENT OF SERVICE, AND IS TO BE UPDATED ON AN ANNUAL BASIS. AT THE BEGINNING OF THE YEAR, ALL INDIVIDUALS MUST ALSO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS IMMEDIATELY. RECORDS OF THE COMPLETED QUESTIONNAIRES ARE KEPT BY MANAGEMENT. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD OF DIRECTORS, WHO MUST: 1) APPROVE, IN ADVANCE, THAT THE REPORTED RELATED PARTY TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION. ANY MEMBER OF THE BOARD WITH A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN, AND IS NOT PERMITTED TO BE PRESENT DURING, THE VOTING OR DELIBERATIONS. 2) MAKE ITS DECISION IN RELIANCE ON APPROPRIATE DATA AS TO COMPARABLE ARRANGEMENTS TO THE EXTENT THEY ARE AVAILABLE. 3) ADEQUATELY DOCUMENT ITS DECISION AND DELIBERATIONS IN THE CORPORATE RECORDS. FORM 990, PAGE 6, PART VI, LINE 19 LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION'S (LIPCDC) CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. A CONDENSED VERSION OF THE AUDITED COMBINED FINANCIAL STATEMENTS, WITH AUDITOR'S OPINION, IS PUBLISHED IN THE ANNUAL REPORT OF LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP). ANNUAL REPORTS, AS WELL AS FULL VERSIONS OF THE MOST RECENT YEAR'S AUDITED COMBINED FINANCIAL STATEMENTS, ARE AVAILABLE ON LIHP'S WEBSITE AT WWW.LIHP.ORG. FORM 990, PAGE 7, PART VII THE OFFICER EVALUATION PROCESS IS CONDUCTED BY A RELATED ORGANIZATION, LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF ALL EXECUTIVE OFFICERS (CURRENTLY, THE PRESIDENT AND CEO AND EXECUTIVE VICE PRESIDENT AND COO) AND NON-EXECUTIVE OFFICERS (CURRENTLY, THE CHIEF FINANCIAL OFFICER AND THE GENERAL COUNSEL/CHIEF COMPLIANCE OFFICER). THE OFFICER COMPENSATION AND RELATED BENEFITS REFLECTED WITHIN PART VII OF FORM 990 HEREIN, REPRESENTS THE ENTIRE AMOUNT PAID TO EACH RESPECTIVE OFFICER FOR WORK DONE ON LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION(LIPCDC), AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPHDFC), NASSAU/SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT FUND COMPANY, INC. (NSPHDFC), COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPDFCI), AND LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT). OFFICER COMPENSATION AND BENEFITS ARE ONLY PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. LIPCDC REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT NO COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY LIPCDC TO ITS OFFICERS. LONG ISLAND HOUSING PARTNERSHIP INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112889068 AFF HSG DV NY 501C3 7 N/A false LI PARTNERSHIP HSNG DEV FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501C3 7 N/A false CMTY DEVEL AND DISASTER RELIEF CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 462861979 AFF HSG DV NY 501C3 10 N/A false NASSAUSUFFOLK PARTNERSHIP HDFC INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 AFF HSG DV NY 501C3 7 N/A false LIHP CMTY DEVEL FINANCIAL INSTN INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 463687876 AFF HSG DV NY 501C3 10 LIHP false LI PARTNRSHP CLT HSNG DEVEL FUND CO 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 814188947 LAND TRUST NY 501C3 7 LIHP false LI SENIOR HSNG AT MEDFORD LANDING 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113590300 DEV RNT UN NY N/A false LI SNR CITIZEN HSNG BROADWAY WEST 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113504473 DEV RNT UN NY N/A false HG HOUSING DEVELOPMENT FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 472286341 DEV RNT UN NY N/A false false false false false false false false false false false false false false true true false false false false