irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $531KTECHNICAL ASSISTANCE:LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO MUNICIPALITIES, NOT-FOR-PROFIT HOUSING ORGANIZATIONS AND FOR-PROFIT DEVELOPERS TO FACILITATE THE CREATION OF AFFORDABLE HOUSING. SERVICES PROVIDED INCLUDE THE ADMINISTRATION OF APPLICANT WAITING LISTS, CONDUCTING LOTTERIES, DETERMINATION OF APPLICANT ELIGIBILITY AND RE-CERTIFICATION, APPLICANT FINANCIAL COUNSELING AND ASSISTANCE, AND SERVING AS AN INTERMEDIARY BETWEEN THE BUILDERS OF AFFORDABLE HOUSING AND THE COMMUNITIES IN WHICH WE SERVE. LIHP ASSISTED 1,146 HOUSEHOLDS IN 2024 THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS. OF THESE 1,146 UNITS, 1,014 WERE RENTALS, 15 WERE HOMEOWNERSHIP AND 117 WERE LIMITED EQUITY COOPERATIVE UNITS. 13 NEW TECHNICAL ASSISTANCE AGREEMENTS WERE EXECUTED IN 2024 FOR VARIOUS DEVELOPMENTS, REPRESENTING 107 ADDITIONAL UNITS. OF THESE 13 DEVELOPMENTS, 10 ARE FOR RENTALS (REPRESENTING AN ADDITIONAL 98 AFFORDABLE UNITS) AND 3 ARE FOR HOMEOWNERSHIP (REPRESENTING AN ADDITIONAL 9 AFFORDABLE UNITS) IN 2024, LIHP ASSISTED 1,146 HOUSEHOLDS THROUGH ITS TECHNICAL ASSISTANCE PROGRAMS-IN 2024, 10 NEW AFFORDABLE HOUSING DEVELOPMENTS BECAME ACTIVE, EITHER THROUGH A VIRTUAL LOTTERY OR COMMENCEMENT OF A FIRST-COME FIRST-SERVED APPLICATION PROCESS, MAKING 110 ADDITIONAL AFFORDABLE UNITS AVAILABLE FOR QUALIFIED HOUSEHOLDS. -FOR 2024, LIHP HAD 58 ACTIVE TECHNICAL ASSISTANCE AGREEMENTS FOR WHICH WE PROVIDED RENTAL OR FIRST-TIME HOMEBUYER SERVICES. OF THESE 58 AGREEMENTS, 50 WERE FOR RENTAL DEVELOPMENTS AND 8 WERE FOR HOME OWNERSHIP DEVELOPMENTS.-AS OF JANUARY 2025, LIHP HAS 17 ADDITIONAL TECHNICAL ASSISTANCE AGREEMENTS WHICH ARE EXECUTED BUT WERE NOT ACTIVE IN 2024 FOR EITHER RENTAL OR FIRST-TIME HOMEBUYER SERVICES. THESE 17 AGREEMENTS REPRESENT AN ADDITIONAL 253 UNITS.-LIHP ALSO HAS A TECHNICAL SERVICES AGREEMENT IN CONNECTION WITH A 117- UNIT LIMITED EQUITY COOPERATIVE DEVELOPMENT (HIGHLAND GREENS) THROUGH WHICH LIHP PROVIDES GENERAL ASSISTANCE AND DESIGNATE REPRESENTATIVES TO SERVE AS BOARD MEMBERS.
- #2 $365KDEFAULT AND FORECLOSURE COUNSELING:HOMEOWNERS WHO ARE FACING DEFAULT ON AN EXISTING MORTGAGE OR OTHER RELATED ISSUES CAN MEET WITH A COUNSELOR TO DISCUSS HOW TO GET BACK ON TRACK WITH THEIR MORTGAGE LENDER. THE COUNSELING FOCUSES ON DETERMINING THE AMOUNT AND EXTENT OF THE DEFAULT, THE REASON FOR DELINQUENCY AND POSSIBLE OPTIONS WHICH COULD BE AVAILABLE TO THE HOMEOWNER TO RESOLVE THE DELINQUENCY. TO HELP AND ASSIST HOMEOWNERS CONTINUES TO BE DIFFICULT AND CHALLENGING. WITH NO FUNDS AVAILABLE TO ASSIST (HAF) IT IS A VERY CHALLENGING ENVIRONMENT. WE FEEL THERE NEEDS TO BE BETTER EFFORTS FROM SERVICERS TO HELP HOMEOWNERS RETAIN THEIR PROPERTY. ALLOWING THE HOMEOWNERS TO KEEP THEIR EXISTING RATES IF LOWER THAN MARKET RATES. IN ADDITION, THE BROADER ECONOMIC ENVIRONMENT SUCH AS LOSS OF INCOME, INCREASE IN PROPERTY TAXES/HOME OWNER'S INSURANCE AND INFLATION MAKES IT DIFFICULT FOR THE HOMEOWNER TO RECOVER. LIHP CONTINUES TO WORK WITH LOCAL MUNICIPALITIES AND NYS OAG OFFICE ON OUTREACH SEMINARS TO BRING AWARENESS TO THE LONG ISLAND COMMUNITY.-LIHP HAD 72 INTAKE APPLICATIONS IN 2024-PROVIDED DEFAULT AND FORECLOSURE COUNSELING TO THREE CLIENTS IN NEED IN 2024-LIHP SECURED $257,283 IN HOPP YEAR 12 FUNDING FROM THE NYS ATTORNEY GENERAL FOR FORECLOSURE PREVENTION COUNSELING FOR THE GRANT PERIOD OF 7/16/2024 THROUGH 7/15/2025.
named programs · 6 · from sources
What they call their work
Accessory Dwelling Unit (ADU) Program
Provides grant funding and technical assistance to homeowners in Huntington and Riverhead to create or improve accessory apartments for affordable housing.
Default and Foreclosure Prevention Counseling
Free counseling for homeowners facing mortgage delinquency, helping them explore options to avoid foreclosure and regain financial stability.
Fair Housing Education
Offers training and resources on fair housing rights to residents, realtors, government officials, and developers to combat housing discrimination.
First-Time Homebuyer Counseling
HUD-certified counseling program that guides first-time homebuyers through budgeting, credit improvement, mortgage financing, and fair housing rights.
Rental Arrears Assistance Programs
Administers emergency rental assistance programs in Babylon and Brookhaven towns to help extremely low-income households avoid eviction due to arrears.
Technical Assistance Program
Provides administrative and compliance support to affordable housing developers and municipalities, including applicant screening, lottery administration, eligibility determination, and financial counseling.
activities · 8 groups
What they do
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Affordable Home Construction & Rehabilitation 4 activities
- Operation of Employer Assisted Housing ProgramAdministers the Employer Assisted Housing Program, which combines employer contributions with public funding to help employees purchase and rehabilitate homes on Long Island, supporting workforce housing stability and homeownership.
- Support for accessory dwelling unit (ADU) developmentProvides grant funding and technical assistance to homeowners in the Towns of Huntington and Riverhead to create or improve accessory dwelling units (ADUs) through programs such as the Plus One ADU Program, increasing affordable housing supply.
- Technical assistance and support for affordable housing developmentsProvides technical assistance and maintains active agreements for affordable housing developments, supporting the creation and activation of rental and homeownership units. In 2024, provided assistance to 1,146 households and executed 13 new agreements for 107 units, while activating 10 developments with 110 units.
- Workforce housing resale programOffers workforce housing resale homes with income eligibility requirements and capped resale prices in accordance with program guidelines, ensuring long-term affordability.
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First-Time Homebuyer Support Services 2 activities
- Administration of down payment and closing cost assistance programsProvides down payment and closing cost assistance of up to $50,000 to eligible first-time homebuyers in Nassau County and the Towns of Brookhaven and Babylon, primarily through grant or zero-interest deferred loan programs. Also offers up to $30,000 in deferred loans forgiven after 10 years in Suffolk County.
- Delivery of homebuyer and foreclosure counseling servicesProvides pre-purchase first-time homebuyer counseling and free default/foreclosure prevention counseling to homeowners, covering budgeting, credit, fair housing rights, and mortgage acquisition. In 2023, served 1,125 homebuyers and 35 clients in foreclosure prevention, and provided fair housing education to 748 individuals.
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Housing Policy Advocacy & Tenant Organizing 1 activity
- Advocacy for affordable and veteran housingEngages in advocacy efforts related to affordable housing and veteran housing, recognized by the Long Island Coalition for the Homeless for contributions to these causes.
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Regional Economic Development Initiatives 1 activity
- Capacity-building through land bank governanceServes on the board of the Suffolk County Land Bank, contributing to regional capacity-building efforts in land use and housing development.
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Affordable Housing Development and Management 1 activity
- Development and operation of affordable rental housingDevelops, owns, and operates affordable rental housing complexes across Long Island, including properties in Great Neck, Huntington Station, Central Islip, Roslyn, Hauppauge, Westbury, and other locations, with units designated for low- to moderate-income individuals and families. Projects include mixed-use, transit-oriented, and senior-specific developments.
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Low- to Moderate-Income HDFC Housing 1 activity
- Facilitation of affordable homeownership opportunitiesAdministers lotteries and facilitates access to affordable condominium units in developments such as Watermill Crossing and Bryant Yaphank, making homeownership accessible to income-eligible households on Long Island.
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Home Repair Assistance for Low-Income Households 1 activity
- Provision of home repair and rehabilitation loansOffers loans of up to $50,000 to repair health and safety hazards in substandard housing, with an additional $15,000 available for lead abatement, helping low-income homeowners improve living conditions.
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Annual Financial and Activity Reporting 1 activity
- Publication of annual organizational reportsPublishes annual reports documenting organizational activities and outcomes from 1988 through 2025, promoting transparency and accountability.
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financials · form 990 · fy2024
revenue
Total revenue$3.31M
Contributions & grants$1.06M32%
Program service revenue$1.37M41%
Investment income$84K3%
Other revenue$802K
expenses
Total expenses$4.01M
Program expenses60%
Admin / overhead38%
Fundraising2%
Salaries & benefits$2.69M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$8.93M
Cash$3.16M
Investments$4.53M
Liabilities$4.82M
Net assets$4.11M
Liquid reserves23.0 mo
3 years on record · 2020–2024 · YoY revenue -17.8%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 5
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| PETER J ELKOWITZ JR | PRESIDENT/CEO | 25 | $407K |
| JAMES BRITZ | EXEC. VP/COO | 25 | $320K |
| JILL ROSEN-NIKOLOFF | CCO/GENERAL COUNSEL | 25 | $210K |
| VALERIE CANNY | CFO (OUTGOING) | 25 | $139K |
| ANDREW BENTIVEGNA | DIRECTOR OF FINANCE | 25 | $24K |
board members · 20
- ANDREA ROTHCHILD — DIRECTOR
- ANTHONY ESERNIO — TREASURER
- BRIAN SAPP — DIRECTOR
- CHRISTOPHER M HAHN — DIRECTOR
- CHRISTOPHER MCKEVER — DIRECTOR
- ELENA A DUNDON — SECRETARY
- KEVIN M HARVEY — DIRECTOR
- KEVIN S LAW ESQ — CHARIMAN
- LAWRENCE S JONES — DIRECTOR
- MARLO PAVENTI — DIRECTOR
- MARTHA ABRAMS — DIRECTOR
- MARY REID — 2ND VICE CHAIRWOMAN
- MATTHEW COHEN — DIRECTOR
- MELISSA SANTOS — DIRECTOR
- PATRICK HALPIN — DIRECTOR
- PETER G FLOREY — DIRECTOR
- PETER KLEIN — DIRECTOR
- REINALDO REI PEREZ — DIRECTOR
- REV DR DARIS DIXON-CLARK — DIRECTOR
- RICHARD J LOCKE — DIRECTOR
relationships · 49
Who they work with
- Bank of America Partner — Organization with board representation (image logo displayed)
- Beechwood Yaphank 2 LLC Partner — Collaborates with LIHP on the Country Pointe Preserve Affordable Homeownership Program.
- Beechwood Yaphank 2 LLC Partner — Cooperates with LIHP on the development and allocation of affordable homeownership units at Country Pointe Preserve.
- Bethpage Federal Credit Union Partner — Organization represented by board member Lawrence S. Jones
- Brookhaven National Laboratory Partner — Organization represented by board member Scott Bronson
- Capital One Partner — Organization with board representation (image logo displayed)
- Chase Partner — Organization represented by board member Dylan Levy
- Direct Energy Business Partner — Organization represented by board member Richard J. Locke
- Family Community Life Center Partner — Organization represented by board member Shirley E. Coverdale
- Farrell Fritz Partner — Organization represented by board member Michael Webb
- Flagstar Partner — Organization with board representation (image logo displayed)
- FourLeaf Federal Credit Union Partner — Organization represented by Lawrence S. Jones alongside Bethpage Federal Credit Union
- HSBC Partner — Organization with board representation (image logo displayed)
- Heatherwood Partner — Organization represented by board member Colleen Collins, Esq.
- IBEW Local 25 Partner — Organization represented by board member Kevin M. Harvey
- Local 338 RWDSU/UFCW Partner — Organization represented by board secretary Elena A. Dundon
- Long Island Board of REALTORS® Partner — Collaborates on fair housing education and professional training initiatives.
- Long Island Board of Realtors Partner — Organization represented by board member Marlo Paventi
- Long Island Builder's Institute Partner — Organization represented by board member Peter G. Florey
- Long Island Coalition for the Homeless Network — Recognized by the organization for efforts in affordable and veteran housing.
- Nassau County Partner — Collaborates on the administration of the Nassau County HOME Down Payment Assistance Program.
- National Grid Partner — Organization represented by board member Brian Sapp
- New York State Attorney General Government — Primary funder providing HOPP Year 12 grant funding for foreclosure prevention counseling services.
- Newsday Partner — Organization represented by board member Angelo Ippolito
- Nixon Peabody, LLP Partner — Legal counsel organization represented by Edward Puerta
- PSEG Partner — Organization represented by board member Christopher M. Hahn
- Redland Strategies Partner — Organization represented by board member Thomas P. DeJesu
- Steel Campus, LLC Partner — Partner organization collaborating with Long Island Housing Partnership on the Belmont at Eastview affordable rental housing program.
- Steel Campus, LLC Partner — Partner owner developing and accepting applications for affordable rental units at The Belmont at Eastview in Central Islip, NY.
- Stewart Title Guaranty Company Partner — Organization represented by board member Christopher McKeever
+ 19 more
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Deferred Loan Financing with Forgivenessmethodology: deferred loan financingBy offering zero-interest loans deferred for 10 years and forgiven upon compliance, we reduce long-term financial barriers to homeownership because it lowers repayment pressure and increases accessibility for low- and moderate-income buyers.
- Employer-Assisted Housing with Public Matchmethodology: employer-assisted housingBy combining employer contributions with public funds, we enable workforce homeownership in high-cost areas because shared financial responsibility reduces barriers while supporting employee retention.
- Market-Failure Intervention for Affordable Housingmethodology: market-failure interventionBy intervening where the unaided housing market excludes low- and moderate-income individuals, we provide safe and decent affordable housing because market mechanisms alone fail to serve these populations equitably.
- Permanently Affordable Resale Restrictionmethodology: permanently_affordable_housingBy enforcing income-restricted resale agreements, we maintain long-term affordability in workforce housing because limiting sale prices ensures continued access for future low- and moderate-income households.
- Public-Private-Municipal Partnership Modelmethodology: public-private-municipal partnershipBy collaborating with private sponsors, employers, and municipal partners, we develop and allocate affordable housing more effectively because pooling resources and expertise increases capacity and aligns stakeholder interests.