Long Island Housing Partnership Inc
Long Island Housing Partnership Inc. maintains stable assets and reports no officer compensation, despite fluctuating revenues and occasional operating deficits.
EIN: 112889068 · Hauppauge, NY · NTEE: L010 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $4.4M |
| Program Spending | 80% |
| Net Assets | $4.8M |
| Transparency Score | 85/100 |
Is Long Island Housing Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Long Island Housing Partnership Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Long Island Housing Partnership Inc
Long Island Housing Partnership Inc (EIN: 112889068) is a nonprofit organization based in Hauppauge, NY, classified under NTEE code L010. The organization reported total revenue of $3.3M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Island Housing Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Long Island Housing Partnership Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.0M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-337,995 |
| Total Assets | $10.9M |
| Total Liabilities | $6.0M |
| Net Assets | $4.8M |
| Operating Margin | -8.4% |
| Debt-to-Asset Ratio | 55.7% |
| Months of Reserves | 29.8 months |
Financial Health Grade: C
In 2023, Long Island Housing Partnership Inc reported a deficit of $338K with expenses exceeding revenue, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 55.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Long Island Housing Partnership Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.7% | -16.6% | -3.9% |
| 2022 | -13.4% | +24.9% | -4.1% |
| 2021 | +123.6% | +38.2% | +27.4% |
| 2020 | -27.2% | -18.6% | +6.8% |
| 2019 | +19.8% | +31.2% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Long Island Housing Partnership Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Long Island Housing Partnership Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $338K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is a strong positive indicator for minimizing executive overhead relative to the organization's size and revenue, suggesting resources are directed elsewhere.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Long Island Housing Partnership Inc's IRS 990 filings:
- Occasional operating deficits where expenses exceed revenue, such as in 2023 ($4,368,807 expenses vs. $4,030,812 revenue).
Strengths
The following positive indicators were identified for Long Island Housing Partnership Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive overhead.
- Strong asset base consistently exceeding liabilities, demonstrating good financial solvency (e.g., $10,852,999 assets vs. $6,045,438 liabilities in 2023).
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Long Island Housing Partnership Inc
Is Long Island Housing Partnership Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island Housing Partnership Inc (EIN: 112889068) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Long Island Housing Partnership Inc spend its money?
Long Island Housing Partnership Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Long Island Housing Partnership Inc tax-deductible?
Long Island Housing Partnership Inc is registered as a tax-exempt nonprofit (EIN: 112889068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Long Island Housing Partnership Inc's spending goes to programs?
Long Island Housing Partnership Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Long Island Housing Partnership Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Long Island Housing Partnership Inc is above average for NTEE category L010 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Long Island Housing Partnership Inc located?
Long Island Housing Partnership Inc is headquartered in Hauppauge, New York and files with the IRS under EIN 112889068. It is classified under NTEE code L010.
How many years of IRS 990 filings does Long Island Housing Partnership Inc have?
Long Island Housing Partnership Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
Is Long Island Housing Partnership Inc. financially stable?
Yes, the organization appears financially stable. Its assets have consistently exceeded liabilities, reaching $10,852,999 in assets against $6,045,438 in liabilities in 2023, indicating good solvency despite some years where expenses slightly outpaced revenue.
How has the organization's revenue trended?
Revenue has shown variability, peaking at $6,179,842 in 2021 and then decreasing to $4,030,812 in 2023. This fluctuation suggests reliance on diverse or inconsistent funding sources.
What is the organization's approach to executive compensation?
Long Island Housing Partnership Inc. consistently reports 0% officer compensation in its IRS 990 filings, indicating that no compensation is paid to officers, which is a highly efficient practice for a nonprofit of its size.
Are there any concerns about the organization's liabilities?
While liabilities have grown over time, reaching $6,045,438 in 2023, they remain well-covered by the organization's assets ($10,852,999 in 2023), suggesting no immediate solvency concerns.
Filing History
IRS 990 filing history for Long Island Housing Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Long Island Housing Partnership Inc's revenue has grown by 65%, moving from $2.4M to $4.0M. Total assets increased by 115.1% over the same period, from $5.0M to $10.9M. Total functional expenses rose by 66%, from $2.6M to $4.4M. In its most recent filing year (2023), Long Island Housing Partnership Inc reported a deficit of $338K, with expenses exceeding revenue. The organization holds $6.0M in liabilities against $10.9M in assets (debt-to-asset ratio: 55.7%), resulting in net assets of $4.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.0M | $4.4M | $10.9M | $6.0M | — | — |
| 2022 | $5.4M | $5.2M | $11.3M | $6.2M | — | View 990 |
| 2021 | $6.2M | $4.2M | $11.8M | $6.7M | — | View 990 |
| 2020 | $2.8M | $3.0M | $9.2M | $6.1M | — | — |
| 2019 | $3.8M | $3.7M | $8.6M | $5.3M | — | View 990 |
| 2018 | $3.2M | $2.8M | $8.5M | $5.3M | — | View 990 |
| 2017 | $2.9M | $3.1M | $9.1M | $6.1M | — | View 990 |
| 2016 | $2.8M | $2.7M | $7.7M | $4.7M | — | View 990 |
| 2015 | $2.7M | $2.6M | $7.5M | $4.6M | — | View 990 |
| 2014 | $2.8M | $2.7M | $5.4M | $2.5M | — | View 990 |
| 2013 | $2.8M | $2.8M | $4.8M | $2.0M | — | View 990 |
| 2012 | $2.5M | $2.3M | $5.4M | $2.7M | — | View 990 |
| 2011 | $2.4M | $2.6M | $5.0M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.0M, expenses of $4.4M, and assets of $10.9M (revenue -24.7% year-over-year).
- 2022: Revenue of $5.4M, expenses of $5.2M, and assets of $11.3M (revenue -13.4% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.2M, and assets of $11.8M (revenue +123.6% year-over-year).
- 2020: Revenue of $2.8M, expenses of $3.0M, and assets of $9.2M (revenue -27.2% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.7M, and assets of $8.6M (revenue +19.8% year-over-year).
- 2018: Revenue of $3.2M, expenses of $2.8M, and assets of $8.5M (revenue +7.6% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.1M, and assets of $9.1M (revenue +7.0% year-over-year).
- 2016: Revenue of $2.8M, expenses of $2.7M, and assets of $7.7M (revenue +1.0% year-over-year).
- 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $7.5M (revenue -4.1% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.7M, and assets of $5.4M (revenue +1.0% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.8M, and assets of $4.8M (revenue +13.8% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.3M, and assets of $5.4M (revenue +1.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.6M, and assets of $5.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Island Housing Partnership Inc:
Data Sources and Methodology
This transparency report for Long Island Housing Partnership Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.