Overview
What is Nassausuffolk Partnership Housing Development Fund Company?
Nassausuffolk Partnership Housing Development Fund Company, based in Hauppauge, New York, is a nonprofit organization dedicated to addressing housing needs in Nassau and Suffolk Counties. Their primary mission involves developing affordable housing units for lower and moderate-income individuals who might not otherwise have the means to acquire a home. As a Community Housing Development Organization (CHDO), they adhere to federal regulations. In 2022, they completed and transferred two homes to eligible homebuyers in Suffolk County, thereby making homeownership more accessible. The land for these units was transferred to an affiliate entity, Long Island Partnership CLT Housing Development Fund Company, Inc., which retains ownership of the land for 99 years under a shared-equity model. This model allows income-eligible families to purchase homes at below-market prices, ensuring affordability in perpetuity.
Official website here: www.lihp.org
Is Nassausuffolk Partnership Housing Development Fund Company legitimate?
Nassausuffolk Partnership Housing Development Fund Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nassausuffolk Partnership Housing Development Fund Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.lihp.org
What is the mission statement of Nassausuffolk Partnership Housing Development Fund Company?
The Nassausuffolk Partnership Housing Development Fund Company, operating as a Community Housing Development Organization (CHDO), was established with the primary mission to develop housing for individuals with lower and moderate income. This mission is in response to the lack of suitable housing options for such individuals in Nassau and Suffolk Counties, New York. The organization's activities include the development and rehabilitation of housing units, aligned with its tax-exempt purpose. This endeavor aims to provide affordable housing solutions, contributing to a more equitable living environment for individuals in need.
Official website here: www.lihp.org
Who is the CEO of Nassausuffolk Partnership Housing Development Fund Company?
Peter J Elkowitz Jr is the President / of Nassausuffolk Partnership Housing Development Fund Company.
Official website here: www.lihp.org
What is the revenue of Nassausuffolk Partnership Housing Development Fund Company?
Nassausuffolk Partnership Housing Development Fund Company's revenue in 2022 was $1,070,958.
Official website here: www.lihp.org
Who are the executives of Nassausuffolk Partnership Housing Development Fund Company and what are their salaries?
- Peter J Elkowitz Jr (President /) [Trustee/Director]
- James Britz (Exec. Vp / C) [Trustee/Director]
- Jill Rosen-Nikoloff (Cco/General)
- Valerie Canny (Cfo)
- Steven Cannella (Director)
- Laura A Cassell (Director)
- Matthew Cohen (Director)
- Robert J Coughlan (Director)
- Shirley E Coverdale (Director)
- Thomas P Dejesu (Director)
- Richard D Deverna (Director)
- Marlo Paventi Dilts (Director)
- Rev Dr Daris Dixon-Clark (Director)
- Elena Dundon (Secretary) [Trustee/Director]
- Anthony Esernio (Treasurer) [Trustee/Director]
- Kevin S Law Esq (Chairman) [Trustee/Director]
- Robert C Creighton Esq (Director)
- Michael A Fields (Director)
- Peter G Florey (Director)
- Colleen Galvin (Director)
- Vincent E Giovinco (Director)
- Thomas B Haggerty (Director)
- Christopher M Hahn (Director)
- Patrick Halpin (Director)
- Kevin Harvey (Director)
- Robert A Isaksen (Director)
- Lawrence S Jones (Director)
- Peter Klein (Director)
- Stevem Krieger (Director)
- Richard J Locke (Director)
- Christopher Mckeever (Director)
- Vladimir Ortega (Director)
- Belinda Pagdanganan (Director (Ou)
- Steven F Philbin (Vice Chairma) [Trustee/Director]
- Mary Reid (2Nd Vice Cha) [Trustee/Director]
- Andrea Rothchild (Director)
- Brian Sapp (Director (In)
Official website here: www.lihp.org
Where can I find the form 990 for Nassausuffolk Partnership Housing Development Fund Company?
The Nassausuffolk Partnership Housing Development Fund Company’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.lihp.org
Learn more at the official website: www.lihp.org
Mission Statement of Nassausuffolk Partnership Housing Development Fund Company
Nassausuffolk Partnership Housing Development Fund Company, abbreviated as NSPHDFC, was established with a mission to address the housing needs of individuals with lower and moderate income. Recognized as a Community Housing Development Organization (CHDO) under federal regulations, this nonprofit organization has a primary objective of developing housing for those in need, particularly in Nassau and Suffolk Counties, New York. The company's purpose is to rehabilitate and construct completed housing units, providing a much-needed solution for individuals who may not have access to adequate housing. By focusing on this crucial aspect, NSPHDFC aims to contribute positively to the housing landscape and improve living conditions for eligible individuals in their community.
Impact
This information is meant to be a general summary of Nassausuffolk Partnership Housing Development Fund Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Nassausuffolk Partnership Housing Development Fund Company's impact is evident in the development and rehabilitation of completed housing units to homeowners in Nassau and Suffolk counties. Through its efforts, individuals who meet income eligibility requirements and would not otherwise afford a new home in the market are given the opportunity to become homeowners. In 2022, Long Island Partnership Housing Development Fund Company, Inc. successfully completed and transferred 2 home units to homebuyers in Suffolk County. Additionally, multiple other properties were under construction during the year.
Its affiliate entity, Long Island Partnership CLT Housing Development Fund Company, Inc., holds land within its land trust forever, ensuring that the properties remain affordable in perpetuity. This shared-equity model allows income-eligible families to purchase homes at below-market prices while maintaining the affordability of the property. Nassausuffolk Partnership Housing Development Fund Company's mission to provide housing for lower and/or moderate-income individuals where inadequate housing exists in Nassau and Suffolk counties is fulfilled through these initiatives.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES AND DEVELOPER FEES
Revenue
$861,320
Organization Details
Founding Year
1997
Phone
(631) 435-4710
Principal Officer
Peter J Elkowitz Jr
Main Address
180 OSER AVENUE SUITE 800, HAUPPAUGE, NY, 11788
Website
www.lihp.org
NTEE Category
Code: L20 - Housing
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