2021-10-19T18:09:51-05:00 2020-12-31 LONG ISLAND HOUSING PARTNERSHIP INC 180 OSER AVE STE 800 HAUPPAUGE NY 117883737 990 2020-01-01 112889068 LONG ISLAND HOUSING PARTNERSHIP INC LONG 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 PETER J ELKOWITZ JR PRESIDENT / CEO 6314354710 2021-10-31 PETER ELKOWITZ 999009999 2021-10-16 2020 2022-03-31 18:45:55Z PETER J ELKOWITZ JR 2797141 false X LIHP.ORG X 1987 NY TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND, FOR THOSE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS. 32 32 30 40 0 1739702 881394 2023278 1852736 33955 29215 -2354 0 3794581 2763345 71900 53701 0 2159127 2342052 0 35129 1493480 637470 3724507 3033223 70074 -269878 8645642 9236759 5287978 6106900 3357664 3129859 X LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) WAS CREATED TO ADDRESS THE NEED FOR AND TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND FOR THOSE WHO ARE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS. false false 549522 8399 1270324 LIHP PROVIDES OTHER PROGRAM SERVICES, WHICH ASSISTED 75 CLIENTS IN 2020, INCLUDING ADMINISTRATION OF THE EMPLOYER ASSISTED HOUSING PROGRAM, MULTIPLE DOWN-PAYMENT ASSISTANCE PROGRAMS, AND VARIOUS SERVICES RELATED TO NEW AND EXISTING DEVELOPMENT PROJECTS. 294440 575612 LIHP PROVIDES TECHNICAL ASSISTANCE SERVICES TO FOR-PROFIT AND NONPROFIT DEVELOPERS, AND MUNICIPALITIES. SERVICES INCLUDE, BUT ARE NOT LIMITED TO THE FOLLOWING, ALL OF WHICH RELATE TO THE DEVELOPMENT OF AFFORDABLE RENTALS OR SINGLE FAMILY HOMES: RESEARCH AND ADVICE ON PROGRAM AND FUNDING REQUIREMENTS, ASSISTANCE WITH THE DEVELOPMENT OF BUDGETS, PROGRAM GUIDELINES AND RELATED FORMS, COORDINATION OF MARKETING, PRESCREENING OF HOMEBUYERS/RENTERS, GRANT WRITING FOR PUBLIC SUBSIDY, MONITORING THE DEVELOPMENT PROCESS, ASSISTANCE WITH THE CONTRACT AND CLOSING PROCESS, ACTING AS LIAISON BETWEEN DEVELOPERS AND MUNICIPALITIES, AND MONITORING AND COMPLIANCE WITH FUNDING GUIDELINES BEFORE AND AFTER CLOSING. THERE WERE 763 UNITS COVERED BY ALL TECHNICAL ASSISTANCE CONTRACTS IN 2020. 433012 5181 6600 LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) RECEIVES GRANTS AND CONTRACTS TO COUNSEL FIRST TIME HOMEBUYERS THROUGH THE PROCESS OF HOME BUYING, AND COUNSEL FAMILIES AND INDIVIDUALS IN DEFAULT ON THEIR MORTGAGES AND FACING FORECLOSURE ON THEIR HOMES. IN 2020, LIHP'S HUD-CERTIFIED COUNSELORS MET WITH AND PROVIDED INDIVIDUALIZED, PRE-PURCHASE COUNSELING TO 1,269 FIRST- TIME HOME BUYERS, COVERING EVERY ASPECT OF THE HOME BUYING PROCESS, FROM BUDGETING, FAIR HOUSING EDUCATION, SAVINGS OF ASSETS, AND THE IMPORTANCE OF MAINTAINING GOOD CREDIT, TO HOUSE HUNTING, AND OBTAINING A MORTGAGE. OF THOSE COUNSELED 155 RECEIVED MORTGAGE COMMITMENTS AND PURCHASED HOMES. IN ADDITION, 80 CLIENTS WERE COUNSELED FOR DEFAULT/FORECLOSURE PREVENTION IN 2020. 368909 40121 200 LIHP, IN PARTNERSHIP WITH THE SUFFOLK COUNTY LAND BANK (SCLB), REHABILITATES PREVIOUSLY-FORECLOSED HOMES UTILIZING FUNDS PROVIDED TO THE SCLB BY THE NEW YORK STATE ATTORNEY GENERALS OFFICE. ONCE RENOVATED, HOMES ARE SOLD TO HOMEBUYERS WHO MET SPECIFIC INCOME ELIGIBILITY REQUIREMENTS AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. LIHP REHABILITATED THREE HOMES AND SOLD ONE HOME IN 2020. AT 12- 31-2020, TWO OTHER HOMES ARE IN CONTRACT TO SELL, AND ONE ADDITIONAL HOME IS UNDER CONSTRUCTION. 368909 40121 200 1645883 true true false false false false false false true true true true false false true true false true false false false false false false false false false true false true false false false false false false false false false false false false false true true true false false true 35 0 true 30 true false false false false false false false false false false false false X 32 32 false false false false true true true true true false false true true true true true true true true false NY X VALERIE CANNY CPA CFO 6314354710 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 X PETER J ELKOWITZ JR PRESIDENT / 25.00 25.00 X 278962 0 49432 JAMES BRITZ EXEC. VP / C 25.00 20.00 X 194071 0 12614 VALERIE CANNY CFO 25.00 20.00 X 143600 0 10052 JILL ROSEN-NIKOLOFF FROM 252020 CCO/GENERAL 25.00 20.00 X 138746 0 4480 LAURA A CASSELL DIRECTOR 0.10 0.30 X 0 0 0 ROBERT J COUGHLAN DIRECTOR 0.10 0.30 X 0 0 0 SHIRLEY E COVERDALE DIRECTOR 0.10 0.30 X 0 0 0 THOMAS P DEJESU DIRECTOR 0.10 0.30 X 0 0 0 RICHARD D DEVERNA DIRECTOR 0.10 0.30 X 0 0 0 MARLO PAVENTI DILTS DIRECTOR 0.10 0.30 X 0 0 0 REV DR DARIS DIXON-CLARK DIRECTOR 0.10 0.30 X 0 0 0 ELENA DUNDON SECRETARY 0.10 0.50 X X 0 0 0 LUTRICIA EDWARDS TREASURER (O 0.10 0.50 X X 0 0 0 ANTHONY ESERNIO TREASURER (I 0.10 0.50 X X 0 0 0 KEVIN S LAW ESQ CHAIRMAN 0.40 0.60 X X 0 0 0 ROBERT C CREIGHTON ESQ DIRECTOR 0.10 0.30 X 0 0 0 MARTIN FALLIER DIRECTOR 0.10 0.30 X 0 0 0 PETER G FLOREY DIRECTOR 0.10 0.30 X 0 0 0 COLLEEN GALVIN DIRECTOR (IN 0.10 0.30 X 0 0 0 VINCENT E GIOVINCO DIRECTOR 0.10 0.30 X 0 0 0 THOMAS B HAGGERTY DIRECTOR 0.10 0.30 X 0 0 0 CHRISTOPHER M HAHN DIRECTOR 0.10 0.30 X 0 0 0 PATRICK HALPIN DIRECTOR 0.10 0.30 X 0 0 0 KEVIN HARVEY DIRECTOR 0.10 0.30 X 0 0 0 ROBERT A ISAKSEN DIRECTOR 0.10 0.30 X 0 0 0 LAWRENCE S JONES DIRECTOR 0.10 0.30 X 0 0 0 PETER KLEIN DIRECTOR 0.10 0.30 X 0 0 0 STEVEN KRIEGER DIRECTOR 0.10 0.30 X 0 0 0 RICHARD J LOCKE DIRECTOR 0.10 0.30 X 0 0 0 CHARLES MANCINI DIRECTOR 0.10 0.30 X 0 0 0 CHRISTOPHER MCKEEVER DIRECTOR 0.10 0.30 X 0 0 0 VLADIMER ORTEGA DIRECTOR 0.10 0.30 X 0 0 0 BELINDA PAGDANGANAN DIRECTOR 0.10 0.30 X 0 0 0 STEVEN F PHILBIN VICE CHAIRMA 0.10 0.50 X X 0 0 0 MARY REID 2ND VICE CHA 0.10 0.50 X X 0 0 0 ANDREA ROTHCHILD DIRECTOR 0.10 0.30 X 0 0 0 CARLA SIMPSON DIRECTOR 0.10 0.30 X 0 0 0 755379 76578 4 false true false 39500 292023 549871 881394 REIMBURSEMENT FROM AFFILIATES 541610 993948 993948 TECHNICAL ASSISTANCE SERVICES 541610 575612 575612 APPLICATION, CLOSING and OTHER 900099 276576 276576 MORTGAGE COUNSELING 541610 6600 6600 1852736 21355 21355 41656 33796 7860 7860 7860 2763345 1852736 29215 53701 53701 831957 433143 388481 10333 1102805 575135 514953 12717 58874 30729 27429 716 208596 108779 97261 2556 139820 72795 65493 1532 44825 23358 21467 2305 2305 117623 62974 54649 40406 40406 123257 65529 55170 2558 131289 68415 59132 3742 18269 10280 7989 6933 4224 2709 31187 16252 14935 34193 17818 15400 975 PRESCREENING COSTS 35291 35291 MISCELLANEOUS EXPENSE 28792 15016 13776 SUBSCRIPTIONS and PUBLICTNS 23100 12038 11062 3033223 1645883 1352211 35129 1225629 1119704 1814900 2091566 593605 496432 37600 33470 793236 715452 78200 77784 3436965 3721087 1447446 1562332 11297 134384 8645642 9236759 314394 421899 128143 145691 1382251 1523894 347900 3463190 3667516 5287978 6106900 X 2567459 2383562 790205 746297 3357664 3129859 8645642 9236759 -269878 42073 X false true X true false X 1129425 782133 827157 1739702 881394 5359811 1129425 782133 827157 1739702 881394 5359811 801420 4558391 23769 21568 26318 31647 21355 124657 19800 20050 21400 18650 79900 5564368 9941231 0.81920 0.77010 X PART II, LINE 10 FUNDRAISING INCOME 79,900 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 4884411 399561 553 5283419 4367005 517406 4884411 4538018 -171013 4367005 4170442 3675765 4538018 3978086 192356 4170442 0.99700 0.00300 false false 368793 343845 24948 424443 371607 52836 77784 OPEN END DYNAMIC ASSET ALLOCATION 1562332 F 1562332 DUE TO AFFILIATES 3064547 PROJECT GRANT ADVANCES 553888 DUE TO SUBSIDIARIES 49081 3667516 X 6631396 42073 170272 3658011 3870356 2761040 2305 2305 2763345 5715106 170272 2513916 2684188 3030918 2305 2305 3033223 SCHEDULE D, PAGE 2, PART IV, LINE 2B LONG ISLAND HOUSING PARTNERSHIP, INC. HOLDS FUNDS ON BEHALF OF NEW YORK STATE AND VARIOUS LOCAL MUNICIPALITIES AS PART OF THE FOLLOWING PROGRAMS: HOMEOWNERSHIP AND ECONOMIC STABILIZATION FOR LONG ISLAND PROGRAM, NASSAU COUNTY DOWN PAYMENT ASSISTANCE PROGRAM, EMPLOYER ASSISTED HOUSING PROGRAM, AND THE COMMUNITY STABILIZATION PROGRAM. FUNDS AUTHORIZED FOR RELEASE ARE USED TO PROVIDE DOWN PAYMENT ASSISTANCE AND REHABILITATION FUNDS TO ELIGIBLE HOMEBUYERS. SCHEDULE D, PAGE 2, PART V, LINE 4 THE PRINCIPAL OF THE PERMANENT ENDOWMENT FUNDS ARE INVESTED IN AN INVESTMENT ACCOUNT. ANY EARNINGS CAN BE WITHDRAWN ANNUALLY AND USED FOR GENERAL OPERATING PURPOSES OF THE ORGANIZATION. SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020 AND 2019 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE OF AFFILIATES, NET OF ELIMINATIONS 3,658,011 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF AFFILIATES, NET OF ELIMINATIONS 2,513,865 SUBSIDIARIES' ACTIVITY, NET OF ELIMINATIONS 51 true LI PARTNERSHIP HSNG DEV FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 501C3 40121 AFFORDABLE HOUSING LI PARTNRSHP CLT HSNG DEV FUND CO 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 814188947 501C3 5181 AFFORDABLE HOUSING NASSAUSUFFOLK PARTNERSHIP HDFC INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 501C3 7402 AFFORDABLE HOUSING 3 SCHEDULE I, PAGE 1, PART I, LINE 2 DOCUMENTATION RELATING TO THE RECEIPT AND USE OF GRANT FUNDS IS MAINTAINED BY THE CHIEF FINANCIAL OFFICER AND, WHEN APPLICABLE, THE RESPECTIVE PROGRAM MANAGER. LIHP MAINTAINS GRANT-SPECIFIC SUBSIDIARY AND GENERAL LEDGERS AND A DATABASE FOR TRACKING GRANT EXPENSES IN ACCORDANCE WITH GRANT GUIDELINES. GRANT RECIPIENTS DIRECTLY PAY VENDORS AND/OR CONTRACTORS FOR THE COST OF THE GOODS OR SERVICES PROVIDED, AFTER APPROVAL IS OBTAINED FROM THE PROGRAM MANAGER, PRESIDENT AND CEO, EXECUTIVE VICE PRESIDENT, AND CFO FOR THE RELATED INVOICE. GRANT RECIPIENTS, WHO ARE RELATED AFFILIATE ORGANIZATIONS, ARE THEN REIMBURSED LIHP. X X X false false false false false false false true false PETER J ELKOWITZ JR PRESIDENT / CEO 250830 25000 3132 18397 31035 328394 JAMES BRITZ EXEC. VP / COO 172018 20000 2053 12614 206685 VALERIE CANNY CFO 143600 10052 153652 SCHEDULE J, PAGE 1, PART I, LINE 7 IN 2020, THE BOARD, ON RECOMMENDATION OF THE COMPENSATION COMMITTEE, APPROVED ANNUAL BONUSES FOR THE OFFICERS IN THE AMOUNTS REFLECTED IN PART II OF SCHEDULE J. FORM 990 - ORGANIZATION'S MISSION LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) WAS CREATED TO ADDRESS THE NEED FOR AND TO PROVIDE AFFORDABLE HOUSING OPPORTUNITIES ON LONG ISLAND FOR THOSE WHO ARE UNABLE TO AFFORD HOMES, THROUGH DEVELOPMENT, TECHNICAL ASSISTANCE, MORTGAGE COUNSELING, HOMEBUYER AND FAIR HOUSING EDUCATION AND LENDING PROGRAMS. FORM 990, PAGE 1, PART I, LINE 6 LIHP UTILIZES THE SERVICES OF MANY EXPERTS AND PROFESSIONAL VOLUNTEERS WHO GENEROUSLY DONATE THEIR EXPERTISE TO SUPPORT PROGRAM AND ADMINISTRATIVE NEEDS. VOLUNTEERS INCLUDE UNCOMPENSATED BOARD OFFICERS AND BOARD DIRECTORS, WHOSE CHIEF FUNCTION IS TO ADVANCE THE ORGANIZATION'S MISSION, AND PROVIDE ORGANIZATIONAL OVERSIGHT, SUPPORT, AND DIRECTION. BOARD OFFICERS AND DIRECTORS MEET PERIODICALLY TO DISCUSS AND VOTE ON THE AFFAIRS OF THE ORGANIZATION. MANY BOARD OFFICERS AND DIRECTORS ALSO VOLUNTEER ADDITIONAL TIME SERVING ON VARIOUS BOARD COMMITTEES. LIHP ALSO RECEIVES DONATED LEGAL SERVICES ANNUALLY FROM TWO ATTORNEYS, ONE OF WHOM SERVES AS LIHP'S ONGOING BOARD COUNSEL. OTHER VOLUNTEERS INCLUDE SEVERAL MORTGAGE AND LOAN SPECIALISTS WHO PARTICIPATE IN GROUP EDUCATION AND MORTGAGE COUNSELING SESSIONS, SPECIFICALLY PROVIDING INFORMATION TO PROSPECTIVE HOME BUYERS ON THE PROCESS OF OBTAINING A MORTGAGE. FROM TIME TO TIME, VOLUNTEERS ARE ALSO ASKED TO SPEAK AT OUR OFFICE OR AT A SEMINAR OR NEIGHBORHOOD FORUM. FORM 990, PAGE 2, PART III, LINE 4D LIHP, IN PARTNERSHIP WITH THE SUFFOLK COUNTY LAND BANK (SCLB), REHABILITATES PREVIOUSLY-FORECLOSED HOMES UTILIZING FUNDS PROVIDED TO THE SCLB BY THE NEW YORK STATE ATTORNEY GENERALS OFFICE. ONCE RENOVATED, HOMES ARE SOLD TO HOMEBUYERS WHO MET SPECIFIC INCOME ELIGIBILITY REQUIREMENTS AND WOULD NOT OTHERWISE HAVE BEEN ABLE TO AFFORD A NEW HOME IN THE MARKET PLACE. LIHP REHABILITATED THREE HOMES AND SOLD ONE HOME IN 2020. AT 12- 31-2020, TWO OTHER HOMES ARE IN CONTRACT TO SELL, AND ONE ADDITIONAL HOME IS UNDER CONSTRUCTION. FORM 990, PAGE 6, PART VI, LINE 6 THE MEMBERSHIP OF LIHP SHALL CONSIST OF VOTING AND NON-VOTING MEMBERS PURSUANT TO ELIGIBILITY AND QUALIFICATIONS PRESCRIBED BY RESOLUTIONS DULY ADOPTED BY THE BOARD OF DIRECTORS OF LIHP, OR BY SUCH RULES AND REGULATIONS AS MAY BE PRESCRIBED BY THE BOARD OF DIRECTORS OF LIHP, FROM TIME TO TIME. SUCH RESOLUTIONS OR RULES AND REGULATIONS ADOPTED BY THE BOARD OF DIRECTORS OF LIHP MAY PRESCRIBE, WITH RESPECT TO ALL MEMBERS, THE AMOUNT AND MANNER OF IMPOSING AND COLLECTING ANY INITIATION FEES, DUES OR OTHER FEES, ASSESSMENTS, FINES AND PENALTIES, THE MANNER OF SUSPENSION OR TERMINATION OF MEMBERSHIP, AND FOR REINSTATEMENT OF MEMBERSHIP, AND, EXCEPT AS MAY OTHERWISE BE PROVIDED, THE RIGHTS, LIABILITIES AND OTHER INCIDENTS OF MEMBERSHIP. THE RIGHT OR INTEREST OF A MEMBER SHALL NOT TERMINATE EXCEPT UPON THE HAPPENING OF ANY OF THE FOLLOWING EVENTS: DEATH, RESIGNATION, EXPULSION, DISSOLUTION OR LIQUIDATION OF LIHP. FORM 990, PAGE 6, PART VI, LINE 7A EACH DIRECTOR SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF A MAJORITY OF THE MEMBERS AT THE ANNUAL MEETING OF MEMBERS AT WHICH A QUORUM IS PRESENT. DIRECTORS WHO ARE ELECTED AT AN ANNUAL MEETING OF THE MEMBERS, AND DIRECTORS WHO ARE ELECTED IN THE INTERIM TO FILL VACANCIES AND NEWLY CREATED DIRECTORSHIPS, SHALL HOLD OFFICE UNTIL THE NEXT SUCCEEDING ANNUAL MEETING OF THE MEMBERS UNTIL THEIR SUCCESSORS HAVE BEEN ELECTED AND QUALIFIED. IN THE INTERIM BETWEEN ANNUAL MEETINGS OR SPECIAL MEETINGS OF MEMBERS CALLED FOR THE ELECTION OF DIRECTORS, NEWLY CREATED DIRECTORSHIPS AND ANY EXISTING VACANCIES IN THE BOARD OF DIRECTORS, INCLUDING VACANCIES RESULTING FROM THE REMOVAL OF DIRECTORS FOR CAUSE, MAY BE FILLED BY THE AFFIRMATIVE VOTE OF THE MAJORITY OF THE DIRECTORS THEN IN OFFICE, ALTHOUGH LESS THAN A QUORUM EXISTS OR BY THE SOLE REMAINING DIRECTOR. A DIRECTOR ELECTED TO FILL A VACANCY CAUSED BY RESIGNATION, DEATH OR REMOVAL SHALL BE ELECTED TO HOLD OFFICE FOR THE UNEXPIRED TERM OF HIS PREDECESSOR. FORM 990, PAGE 6, PART VI, LINE 7B EACH VOTING MEMBER IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE, IN PERSON OR BY PROXY, ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. A VOTING MEMBER WHOSE ANNUAL CONTRIBUTION (AS PER ANNIVERSARY DATE) IS DELINQUENT FOR SIX MONTHS OR MORE, SHALL NOT BE IN GOOD STANDING. ANY DIRECTOR MAY BE REMOVED FOR CAUSE BY THE MAJORITY VOTE OF THE MEMBERS ENTITLED TO VOTE, OR BY VOTE OF THE DIRECTORS PROVIDED THAT A QUORUM IS PRESENT AT THE TIME SUCH ACTION IS TAKEN. THE BY-LAWS OF LIHP SHALL BE SUBJECT TO ALTERATION OR REPEAL, AND NEW BY-LAWS MAY BE ADOPTED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS AND MEMBERS ENTITLED TO VOTE IN THE ELECTION OF DIRECTORS, AT ANY REGULAR MEETING OR AT ANY SPECIAL MEETING. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS PREPARED BY THE FINANCE DEPARTMENT AND REVIEWED AND APPROVED BY SENIOR MANAGEMENT AND THE TREASURER, AN INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS. A FULL COPY OF THE FORM 990 IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C LONG ISLAND HOUSING PARTNERSHIP, INC.'S (LIHP) CONFLICT OF INTEREST POLICY IS OVERSEEN AND ADMINISTERED BY ITS AUDIT COMMITTEE. LIHP ASKS ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES TO COMPLETE A QUESTIONNAIRE, WHICH REQUIRES DISCLOSURE OF ANY CONFLICTS OF INTEREST THAT WOULD IMPACT THEIR DUTIES AND RESPONSIBILITIES TO LIHP. THIS IS TO BE COMPLETED BY ALL INCOMING OFFICERS, DIRECTORS, REPRESENTATIVES OF DIRECTORS (AT BOARD MEETINGS) AND KEY EMPLOYEES, PRIOR TO COMMENCEMENT OF SERVICE, AND IS TO BE UPDATED ON AN ANNUAL BASIS. AT THE BEGINNING OF THE YEAR, ALL INDIVIDUALS MUST ALSO DISCLOSE CONFLICTS OR POTENTIAL CONFLICTS IMMEDIATELY. RECORDS OF THE COMPLETED QUESTIONNAIRES ARE KEPT BY MANAGEMENT. ALL CONFLICTS OF INTEREST ARE REPORTED TO THE BOARD OF DIRECTORS, WHO MUST: 1) APPROVE, IN ADVANCE, THAT THE REPORTED RELATED PARTY TRANSACTION IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION. ANY MEMBER OF THE BOARD WITH A CONFLICT OF INTEREST DOES NOT PARTICIPATE IN, AND IS NOT PERMITTED TO BE PRESENT DURING, THE VOTING OR DELIBERATIONS. 2) MAKE ITS DECISION IN RELIANCE ON APPROPRIATE DATA AS TO COMPARABLE ARRANGEMENTS TO THE EXTENT THEY ARE AVAILABLE. 3) ADEQUATELY DOCUMENT ITS DECISION AND DELIBERATIONS IN THE CORPORATE RECORDS. FORM 990, PAGE 6, PART VI, LINE 15A METHODS USED BY LIHP 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. FORM 990, PAGE 6, PART VI, LINE 15B METHODS USED BY LIHP TO ESTABLISH AND MAKE ANNUAL ADJUSTMENTS TO THE COMPENSATION (BASE SALARY AND BONUS, IF ANY) OF NON-EXECUTIVE OFFICERS (CURRENTLY, THE CHIEF FINANCIAL OFFICER) INCLUDE ANNUAL PERFORMANCE EVALUATIONS AND A REVIEW OF 990 FORMS OF COMPARABLE ORGANIZATIONS. THERE ARE NO KEY EMPLOYEES OF LIHP. ANNUAL PERFORMANCE EVALUATIONS OF NON-EXECUTIVE OFFICERS ARE COMPLETED BY THE EXECUTIVE OFFICERS. NON-EXECUTIVE OFFICERS ARE ASKED TO COMPLETE AND SUBMIT A SELF-EVALUATION FORM TO THE EXECUTIVE OFFICERS. IN ADDITION, EXECUTIVE OFFICERS MAY INTERVIEW STAFF MEMBERS THAT WORK WITH, OR REPORT TO, THE NON-EXECUTIVE OFFICER BEING ASSESSED, OR MAY ASK SUCH STAFF MEMBERS TO COMPLETE AN ASSESSMENT FORM ON THE NON-EXECUTIVE OFFICER. COMPLETED SELF-EVALUATION FORMS AND STAFF ASSESSMENT FEEDBACK ARE UTILIZED IN EVALUATING THE NON-EXECUTIVE OFFICER'S PERFORMANCE. IN ADDITION, EXECUTIVE OFFICERS MAY RESEARCH COMPENSATION INFORMATION FROM COMPARABLE NONPROFIT ORGANIZATIONS TO ASSIST IN DETERMINING ANNUAL SALARY ADJUSTMENTS AND BONUSES (IF ANY). FORM 990, PAGE 6, PART VI, LINE 19 LONG ISLAND HOUSING PARTNERSHIP, INC.'S (LIHP) CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. A CONDENSED VERSION OF THE AUDITED COMBINED FINANCIAL STATEMENTS, WITH AUDITOR'S OPINION, IS PUBLISHED IN THE ANNUAL REPORT OF LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP). ANNUAL REPORTS, AS WELL AS FULL VERSIONS OF THE MOST RECENT YEAR'S AUDITED COMBINED FINANCIAL STATEMENTS, ARE AVAILABLE ON LIHP'S WEBSITE AT WWW.LIHP.ORG. FORM 990, PART VII EXECUTIVE AND NON-EXECUTIVE OFFICER COMPENSATION AND RELATED BENEFITS REFLECTED WITHIN PART VII OF FORM 990 HEREIN REPRESENT THE ENTIRE AMOUNT PAID TO EACH RESPECTIVE OFFICER FOR WORK DONE ON LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP) AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: NASSAU-SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (NSPHDFC), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (LIPHDFC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI), AND LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLT). OFFICER COMPENSATION AND BENEFITS ARE ONLY PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. EACH RELATED ORGANIZATION REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT ALL COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY LIHP TO ITS OFFICERS. LI PARTNERSHIP COMMUNITY DEVEL CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113415840 AFF HSG DV NY 501C3 7 N/A false LIHP CMTY DEVEL FINANCIAL INSTN INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 463687876 AFF HSG DV NY 501C3 10 LIHP true NASSAUSUFFOLK PARTNERSHIP HDFC INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113360966 AFF HSG DV NY 501C3 7 N/A false LI PARTNERSHIP HSNG DEV FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 112911043 AFF HSG DV NY 501C3 7 N/A false CMTY DEVEL AND DISASTER RELIEF CORP 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 462861979 AFF HSG DV NY 501C3 10 N/A false LI PARTNRSHP CLT HSNG DEVEL FUND CO 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 814188947 LAND TRUST NY 501C3 7 LIHP true LI SNR CITIZEN HSNG BROADWAY WEST 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113504473 DEV RNT UN NY N/A C CORP 100 100 1.00000 false LI SENIOR HSNG AT MEDFORD LANDING 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 113590300 DEV RNT UN NY N/A C CORP 100 100 1.00000 false HG HOUSING DEVELOPMENT FUND CO INC 180 OSER AVENUE SUITE 800 HAUPPAUGE NY 11788 472286341 DEV RNT UN NY LIHP C CORP 100 100 1.00000 true false true true false false false false false false false false true true true true true true false false LI PARTNERSHIP HSNG DEV FUND CO INC N 21457 % BASED ON ACT STAFF COST LI PARTNERSHIP HSNG DEV FUND CO INC O 153268 ACTUAL STAFF COSTS LI PARTNERSHIP HSNG DEV FUND CO INC Q 174725 ACTUAL COSTS NASSAUSUFFOLK PARTNERSHIP HDFC INC N 19434 % BASED ON ACT STAFF COST NASSAUSUFFOLK PARTNERSHIP HDFC INC O 138816 ACTUAL STAFF COSTS NASSAUSUFFOLK PARTNERSHIP HDFC INC Q 158250 ACTUAL COSTS LI PARTNERSHIP COMMUNITY DEV CORP N 4604 % BASED OF ACT STAFF COST LI PARTNERSHIP COMMUNITY DEV CORP O 32887 ACTUAL STAFF COSTS LI PARTNERSHIP COMMUNITY DEV CORP Q 37491 ACTUAL COSTS LIHP CMTY DEVEL FINANCIAL INSTN INC N 4858 % BASED ON ACT STAFF COST LIHP CMTY DEVEL FINANCIAL INSTN INC O 34703 ACTUAL STAFF COSTS LIHP CMTY DEVEL FINANCIAL INSTN INC Q 39561 ACTUAL COSTS LI PARTNRSHP CLT HSNG DEVEL FUND CO N 71710 % BASED ON ACT STAFF COST LI PARTNRSHP CLT HSNG DEVEL FUND CO O 512211 ACTUAL STAFF COSTS LI PARTNRSHP CLT HSNG DEVEL FUND CO Q 583921 ACTUAL COSTS LI SENIOR HSNG AT MEDFORD LANDING Q 2575 ACTUAL COSTS