Long Island Housing Services Inc

Nonprofit profile at a glance

EIN
112494324
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Bohemia, NY, USA
Phone
6315675111
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,184,656
Expenses
$2,069,490
Assets
$2,018,725
Liabilities
$574,660

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • Ian Wilder (Executive Director)
  • Rose Cicchetti (President through April 2025)
  • Stephanie Baldwin Esq (Vice President/Acting President effective Apr 2025)
  • Connie Lassandro (President Emeritus)

Highest reported compensation

  • Ian Wilder (Executive Director): $162,068 total reported compensation
  • Marian Reid (Deputy Director): $151,934 total reported compensation
  • Jill Garrick (Finance Manager): $135,496 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The elimination of unlawful housing discrimination and promotion of decent and affordable housing through advocacy and education.

What it reported doing in 2024

Program service expenses were for fair housing enforcement, fair housing capacity building and forclosure prevention. Expenses were largely to cover staff salaries and fringe benefits. Each of these includes significant outreach efforts. Programs and funding allow for agency stability and growth, staff retention, growth of skill sets to facilitate enforcement efforts, develop and enhance staff fair housing expertise; and outreach initiatives to help educate the public as to rights and resources and provide services to maintain and stabilize homeownership and identify useful community resources. Foreclosure prevention means achieving successful loan modifications or principal forgiveness, home affordability. According to verified incomes and helping affected owners identify jobs or income supplementation. Our counseling and successful interventions to prevent foreclosure have led to approximately 45% of cases now with affordable loans. Fair housing enforcement furthers our mission to deter, reduce and eliminate discrimination. Any related damage awards are results of (too often) many years of protracted litigation through government and judicial means to challenge discrimination. Use of the damage awards is contingent upon granting source (hud's) approval. Positive conclusion to litigation will result in increased compliance with and awareness or fair housing laws, and in many cases results in greater accessibility for people with disabilities.

Operating model

Revenue model
Grant-funded. 89% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 76.8%; rating input score 77
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: $70.97 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 51; 51st percentile among comparable filings
  • Total-asset coverage ratio: 0.98; rating input score 36; 36th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 27.8%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 5.1% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 76.8% of revenue deployed · 80.9% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $162K · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 51/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.