Nonprofit · EIN 81-4188947
LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · HAUPPAUGE, NY 11788
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,583,676 | $2,548,810 | $34,866 | $3,205,025 | $2,566,384 | $638,641 |
| December 31, 2023 | 990 | $1,511,224 | $1,323,573 | $187,651 | $3,127,488 | $2,523,713 | $603,775 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,008,962
- of which government grants
- $787,170
- Program service revenue
- $1,574,714
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $576
- Travel
- $201
- Program services (functional)
- $2,515,698
- Management and general (functional)
- $33,112
Balance sheet and other
- Total assets, start of year
- $3,127,488
- Total assets, end of year
- $3,205,025
- Total liabilities, end of year
- $2,566,384
- Net assets, end of year
- $638,641
- Land, buildings and equipment
- $1,363,875
- Net assets without donor restrictions
- -$1,004,968
- Net assets with donor restrictions
- $1,643,609
- Gross receipts
- $2,583,676
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2016
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER J ELKOWITZ JR | PRESIDENT Trustee or director, Officer | 9 | $0 | $349,855 | $57,551 |
| JAMES BRITZ | EXEC. VICE PRESIDENT Trustee or director, Officer | 7 | $0 | $253,571 | $66,592 |
| JILL ROSEN-NIKOLOFF | CCO/GENERAL COUNSEL Officer | 7 | $0 | $197,453 | $12,772 |
| VALERIE CANNY | CFO (OUTGOING) Officer | 7 | $0 | $134,633 | $4,697 |
| KEVIN S LAW ESQ | SECRETARY Trustee or director, Officer | 7 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER J ELKOWITZ JR | PRESIDENT Trustee or director, Officer | 9 | $0 | $349,937 | $58,483 |
| JAMES BRITZ | EXEC. VICE P Trustee or director, Officer | 7 | $0 | $241,407 | $14,350 |
| JILL ROSEN-NIKOLOFF | CCO/GENERAL Officer | 7 | $0 | $181,436 | $12,373 |
| VALERIE CANNY | CFO Officer | 7 | $0 | $177,123 | $11,999 |
| KEVIN S LAW ESQ | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 180 OSER AVE STE 800, HAUPPAUGE, NY 11788-3737
- In care of
- % PETER ELKOWITZ
- Principal officer (990 for 2024)
- PETER J ELKOWITZ JR, 180 OSER AVENUE 800, HAUPPAUGE, NY 11788
- Signed the 990
- PETER J ELKOWITZ JR, PRESIDENT
- Phone
- (631) 435-4710
- Website
- LIHP.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
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.
Program accomplishments
- 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 $54,600Expenses $2,515,698 · revenue $1,558,814
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4188947
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $3,205,025
- Income (IRS master file)
- $2,583,676
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,583,676 | $2,548,810 | $3,205,025 | XML |
| 990 | December 2023 | $1,511,224 | $1,323,573 | $3,127,488 | XML |
| 990 | December 2022 | $3,631,973 | $3,399,322 | $3,304,336 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4188947).
Questions about LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC is 81-4188947.
- Is LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 names PETER J ELKOWITZ JR.
- Who are the officers and directors of LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,583,676, expenses of $2,548,810 and total assets of $3,205,025 at year end.
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