Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $30,000

• 2a · Program service revenue: LOAN PORTFOLIO INTEREST

  total $14,511 · related or exempt $14,511

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $6,290 · program services $4,997 · management and general $1,293

• 11c · Fees: accounting

  total $1,600 · management and general $1,600

• 13 · Office expenses

  total $115 · management and general $115

• 20 · Interest

  total $6,101 · program services $6,101

• 23 · Insurance

  total $75 · management and general $75

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $768,528 · end of year $474,052

• 2 · Savings and temporary cash investments

  end of year $501,830

• 4 · Accounts receivable

  beginning of year $420 · end of year $31,462

• 7 · Other notes and loans receivable

  beginning of year $253,483 · end of year $253,483

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,134

• 15 · Other assets

  beginning of year $88,422 · end of year $83,558

• 17 · Accounts payable and accrued expenses

  beginning of year $1,532 · end of year $3,600

• 24 · Unsecured notes and loans payable

  beginning of year $250,000 · end of year $250,000

• 25 · Other liabilities

  end of year $200,000

• 27 · Net assets without donor restrictions

  beginning of year $860,455 · end of year $890,785

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.

Related corporations and trusts

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

• LI SENIOR HSNG AT MEDFORD LANDING

  DEV RNT UN · NY

• LI SNR CITIZEN HSNG BROADWAY WEST

  DEV RNT UN · NY

• HG HOUSING DEVELOPMENT FUND CO INC

  DEV RNT UN · NY