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← CDCLI HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2022

Filed by CDCLI HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$1,171,934
Total expenses
$1,338,722
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,171,050
Investment income
$884
Other revenue
$0
Total assets, end of year
$15,592,317
Total liabilities, end of year
$9,200,128
Net assets or fund balances, end of year
$6,392,189
Program services expenses (Part IX)
$1,323,447
Management and general expenses
$15,275
Fundraising expenses
$0
Program service expenses (Part III)
$1,323,447

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ADRIAN FASSET

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ANN-MARIE SCHEIDT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BRIAN CLARKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • DAVID CALONE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAMES COUGHLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JAN BURMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOSEPH WILLEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KEITH NOVITZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • KENNETHA PETTUS

    BOARD MEMBER THRU 6/13/22

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARIAN CONWAY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RASHID WALKER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • RICHARD GUARDINO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • THERESA SANDERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • THOMAS KILLEEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • ALAN HEITNER

    CFO/TREASURER

    Total calculated
    $222,543
    From this org
    $0
    From related orgs
    $206,079
    Other
    $16,464
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,385 related
    Bonus
    $0 + $10,173 related
    Other
    $0 + $521 related
    Deferred
    $0 + $16,464 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $222,543 related

  • ELSIE MEISSNER

    SECRETARY

    Total calculated
    $104,961
    From this org
    $0
    From related orgs
    $96,176
    Other
    $8,785
    Hours/week
    2 + 38 related

  • GWEN O'SHEA

    PRESIDENT /CEO

    Total calculated
    $382,059
    From this org
    $0
    From related orgs
    $327,730
    Other
    $54,329
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,510 related
    Bonus
    $0 + $52,209 related
    Other
    $0 + $2,011 related
    Deferred
    $0 + $26,219 related
    Nontaxable benefits
    $0 + $28,110 related
    Filer's total
    $0 + $382,059 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
PRESIDENT AND CHIEF EXECUTIVE OFFICER, GWEN O'SHEA, RECEIVES COMPENSATION FROM COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC, A RELATED ORGANIZATION. COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC USES COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349327179

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