Overview

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Est.

2013

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Long Island Housing Partnership Community Development Financial Institution (EIN: 46-3687876) is dedicated to enhancing community well-being by increasing the supply of newly constructed and rehabilitated residences for homeownership and rental. Operating with a budget of $9.6K and total revenue of $12.9K in 2024, the organization focuses on affordable housing development in Nassau and Suffolk counties, New York, primarily serving areas with poverty rates of at least 20%. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit LIHP.ORG.

Mission Statement

TO LESSEN THE BURDENS OF GOVERMENT AND ENHANCE THE WELL-BEIGN OF COMMUNITIES BY INCREASING THE SUPPLY OF NEWLY CONSTRUCTED AND REHABILITATED RESIDENCES (HOMEOWNERSHIP AND/OR RENTAL) FOR COMMUNITY AND REDEVELOPMENT PROGRAMS. THESE PURPOSES ARE INTENDED TO BE MET PRIMARILY THROUGH THE ISSUANCE OF CONSTRUCTION, PREDEVELOPMENT AND PERMANENT FINANCING LOANS AND ANCILLARY DEVELOPMENT SERVICES FOR THE DEVELOPMENT OF AFFORADABLE HOUSING IN ELIGIBLE TARGET MARKETS (INVESTMENT AREAS WITH POVERTY RATES OF AT LEAST 20%) IN NASSAU AND SUFFOLK COUNTIES, NEW YORK.
Revenues
$12.9K
Expenses
$9.6K
Net Income:
+$3.3K
Assets
$1.4M
Liabilities
$325.1K
Net Assets:
+$1.1M
Operating Budget
$9.6K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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P
Peter Elkowitz
Board Member
E
Elena Dundon
Board Member
S
Steven F Philbin
Board Member

Frequently Asked Questions

What is LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS’s budget?
In 2024, LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS reported an annual operating budget of around $9,605. More detailed financial information is available to registered users.
What causes does LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS support?
LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS supports work in Housing development.
Where does LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS operate?
LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INS is headquartered in Hauppauge, NY.