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Nonprofiteer
← LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$1,511,224
Total expenses
$1,323,573
Contributions and grants received
$691,106
Grants paid
$0
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$1,289,965
Management and general expenses
$33,608
Fundraising expenses
$0
Program service expenses (Part III)
$1,289,965

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER J ELKOWITZ JR

    PRESIDENT

    Total calculated
    $408,420
    From this org
    $0
    From related orgs
    $349,937
    Other
    $58,483
    Hours/week
    9 + 41 related

    Schedule J breakdown matched by us

    Base
    not reported + $279,556 related
    Bonus
    not reported + $66,862 related
    Other
    not reported + $3,519 related
    Deferred
    not reported + $21,553 related
    Nontaxable benefits
    not reported + $36,930 related
    Filer's total
    not reported + $408,420 related

  • JAMES BRITZ

    EXEC. VICE P

    Total calculated
    $255,757
    From this org
    $0
    From related orgs
    $241,407
    Other
    $14,350
    Hours/week
    7 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $191,208 related
    Bonus
    not reported + $44,669 related
    Other
    not reported + $5,530 related
    Deferred
    not reported + $14,350 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $255,757 related

  • JILL ROSEN-NIKOLOFF

    CCO/GENERAL

    Total calculated
    $193,809
    From this org
    $0
    From related orgs
    $181,436
    Other
    $12,373
    Hours/week
    7 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $173,936 related
    Bonus
    not reported + $7,500 related
    Other
    not reported
    Deferred
    not reported + $12,373 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $193,809 related

  • VALERIE CANNY

    CFO

    Total calculated
    $189,122
    From this org
    $0
    From related orgs
    $177,123
    Other
    $11,999
    Hours/week
    7 + 38 related

    Schedule J breakdown matched by us

    Base
    not reported + $167,123 related
    Bonus
    not reported + $10,000 related
    Other
    not reported
    Deferred
    not reported + $11,999 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $189,122 related

  • KEVIN S LAW ESQ

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202401659349300135

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