Long Island Housing Services Inc
Long Island Housing Services Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 112494324 · Bohemia, NY · NTEE: L00K · Updated: 2026-03-28
Is Long Island Housing Services Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Long Island Housing Services Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Long Island Housing Services Inc
Long Island Housing Services Inc (EIN: 112494324) is a nonprofit organization based in Bohemia, NY, classified under NTEE code L00K. The organization reported total revenue of $2.2M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Long Island Housing Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Long Island Housing Services Inc is a mid-size nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$382K |
| Total Assets | $1.9M |
| Total Liabilities | $357K |
| Net Assets | $1.5M |
| Operating Margin | 16.9% |
| Debt-to-Asset Ratio | 19.2% |
| Months of Reserves | 11.9 months |
Financial Health Grade: A
In 2023, Long Island Housing Services Inc reported a surplus of $382K with revenue exceeding expenses, holds 11.9 months of operating reserves (strong position), has a debt-to-asset ratio of 19.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Long Island Housing Services Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.8% | +20.9% | +26.9% |
| 2022 | +7.8% | +3.0% | +21.4% |
| 2021 | +55.2% | +48.3% | +8.5% |
| 2020 | -21.1% | -17.3% | +6.5% |
| 2019 | -9.3% | -14.6% | +13.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Services Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Long Island Housing Services Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $382K, with revenue exceeding expenses.
- Debt-to-asset ratio: 19.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries. This is highly unusual for an organization of its size (latest revenue $2,211,069) and suggests a strong commitment to directing funds towards its mission rather than executive salaries.
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.
Strengths
The following positive indicators were identified for Long Island Housing Services Inc:
- Consistent revenue growth, from $1,059,288 in 2014 to $2,258,620 in 2023.
- Strong asset accumulation, reaching $1,855,848 in 2023.
- Zero reported officer compensation across all filings, indicating high dedication to mission spending.
- Healthy financial reserves with assets significantly exceeding liabilities ($1,855,848 assets vs. $356,530 liabilities in 2023).
- Positive net income in most recent periods (e.g., $2,258,620 revenue vs. $1,876,820 expenses in 2023).
Frequently Asked Questions about Long Island Housing Services Inc
Is Long Island Housing Services Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Long Island Housing Services Inc (EIN: 112494324) appears legitimate. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
How does Long Island Housing Services Inc spend its money?
Long Island Housing Services Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Long Island Housing Services Inc tax-deductible?
Long Island Housing Services Inc is registered as a tax-exempt nonprofit (EIN: 112494324). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Long Island Housing Services Inc a good charity?
Based on the provided financial data, Long Island Housing Services Inc appears to be a good charity. It demonstrates consistent revenue growth, increasing assets, and a notable commitment to its mission by reporting 0% officer compensation across all filings, suggesting funds are primarily directed to programs.
How has the organization's financial health changed over time?
The organization's financial health has steadily improved. Revenue has grown from $1,059,288 in 2014 to $2,258,620 in 2023, and assets have increased from $804,209 to $1,855,848 over the same period, indicating strong financial growth and stability.
What is the organization's approach to executive compensation?
Long Island Housing Services Inc reports 0% officer compensation in all available filings, which is a highly transparent and mission-focused approach, indicating that top executives are not drawing salaries from the organization's funds.
Filing History
IRS 990 filing history for Long Island Housing Services Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Long Island Housing Services Inc's revenue has grown by 122.5%, moving from $1.0M to $2.3M. Total assets increased by 382% over the same period, from $385K to $1.9M. Total functional expenses rose by 101.1%, from $933K to $1.9M. In its most recent filing year (2023), Long Island Housing Services Inc reported a surplus of $382K, with revenue exceeding expenses. The organization holds $357K in liabilities against $1.9M in assets (debt-to-asset ratio: 19.2%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.9M | $1.9M | $357K | — | View 990 |
| 2022 | $1.7M | $1.6M | $1.5M | $344K | — | View 990 |
| 2021 | $1.6M | $1.5M | $1.2M | $247K | — | View 990 |
| 2020 | $1.0M | $1.0M | $1.1M | $235K | — | View 990 |
| 2019 | $1.3M | $1.2M | $1.0M | $175K | — | View 990 |
| 2018 | $1.4M | $1.4M | $919K | $120K | — | View 990 |
| 2017 | $1.5M | $1.5M | $925K | $119K | — | View 990 |
| 2016 | $1.6M | $1.5M | $1.0M | $242K | — | View 990 |
| 2015 | $1.5M | $1.4M | $948K | $260K | — | View 990 |
| 2014 | $1.1M | $1.1M | $804K | $221K | — | View 990 |
| 2013 | $1.3M | $1.2M | $853K | $224K | — | View 990 |
| 2012 | $1.1M | $968K | $629K | $56K | — | View 990 |
| 2011 | $1.0M | $933K | $385K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.9M, and assets of $1.9M (revenue +31.8% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.6M, and assets of $1.5M (revenue +7.8% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.5M, and assets of $1.2M (revenue +55.2% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $1.1M (revenue -21.1% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $1.0M (revenue -9.3% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.4M, and assets of $919K (revenue -5.8% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $925K (revenue -5.8% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.5M, and assets of $1.0M (revenue +9.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $948K (revenue +39.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $804K (revenue -15.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $853K (revenue +12.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $968K, and assets of $629K (revenue +10.3% year-over-year).
- 2011: Revenue of $1.0M, expenses of $933K, and assets of $385K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Long Island Housing Services Inc:
Data Sources and Methodology
This transparency report for Long Island Housing Services 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.