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← COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC

Form 990 for tax year 2024

Filed by COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC.

Totals

Total revenue
$27,229,889
Total expenses
$26,474,491
Contributions and grants received
$2,047,204
Grants paid
$8,139,626
Program service revenue
$24,856,893
Investment income
$155,006
Other revenue
$170,786
Total assets, end of year
$29,482,817
Total liabilities, end of year
$11,976,201
Net assets or fund balances, end of year
$17,506,616
Program services expenses (Part IX)
$23,337,820
Management and general expenses
$3,136,671
Fundraising expenses
$0
Program service expenses (Part III)
$23,337,820

Program services were 88.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $190,429

  • 1e · Government grants (contributions)

    $1,842,275

  • 1f · All other contributions, gifts and grants

    $14,500

  • 2a · Program service revenue: HOUSING CHOICE VOUCHER

    total $7,075,241 · related or exempt $7,075,241

  • 2b · Program service revenue: PROGRAM SERVICE GRANTS

    total $6,368,787 · related or exempt $6,368,787

  • 2c · Program service revenue: HUD SECTION 8 INCLUDES PORT FEES

    total $5,056,347 · related or exempt $5,056,347

  • 2d · Program service revenue: WEATHERIZATION

    total $4,908,491 · related or exempt $4,908,491

  • 2e · Program service revenue: OTHER PROGRAM SERVICE REVENUE (OT

    total $1,297,222 · related or exempt $1,297,222

  • 2f · All other program service revenue

    total $150,805 · related or exempt $150,805

  • 3 · Investment income

    total $120,901 · excluded $120,901

  • 7a · Gross sales of assets other than inventory

    other assets $34,105

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $34,105

  • 7d · Net gain or loss

    total $34,105 · excluded $34,105

  • 8a · Fundraising events: gross income

    $14,930

  • 8a · Fundraising events: contributions included on line 1c

    $190,429

  • 8b · Fundraising events: direct expenses

    $51,954

  • 8c · Net income from fundraising events

    total -$37,024 · excluded -$37,024

  • 11a · Other revenue: DEVELOPER FEE

    total $134,500 · related or exempt $134,500

  • 11b · Other revenue: TENANT FRAUD REC

    total $39,834 · related or exempt $39,834

  • 11d · All other revenue

    total $33,476 · related or exempt $33,476

  • 11e · Other revenue, total

    $207,810

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $245,000 · program services $245,000

  • 2 · Grants to domestic individuals

    total $7,894,626 · program services $7,894,626

  • 5 · Compensation of officers, directors and key employees

    total $1,300,001 · program services $1,062,960 · management and general $237,041

  • 7 · Other salaries and wages

    total $7,590,022 · program services $6,198,490 · management and general $1,391,532

  • 8 · Pension plan contributions

    total $406,253 · program services $336,649 · management and general $69,604

  • 9 · Other employee benefits

    total $1,256,505 · program services $1,041,228 · management and general $215,277

  • 10 · Payroll taxes

    total $623,294 · program services $521,310 · management and general $101,984

  • 11b · Fees: legal

    total $141,812 · program services $115,583 · management and general $26,229

  • 11c · Fees: accounting

    total $129,871 · management and general $129,871

  • 11g · Fees: other

    total $381,497 · program services $317,454 · management and general $64,043

  • 12 · Advertising and promotion

    total $38,545 · program services $30,760 · management and general $7,785

  • 13 · Office expenses

    total $454,064 · program services $380,389 · management and general $73,675

  • 14 · Information technology

    total $286,001 · program services $270,916 · management and general $15,085

  • 16 · Occupancy

    total $495,452 · program services $202,276 · management and general $293,176

  • 17 · Travel

    total $136,452 · program services $131,414 · management and general $5,038

  • 19 · Conferences, conventions and meetings

    total $326,557 · program services $245,033 · management and general $81,524

  • 20 · Interest

    total $2,813 · program services $2,813

  • 22 · Depreciation, depletion and amortization

    total $281,757 · program services $155,967 · management and general $125,790

  • 23 · Insurance

    total $167,857 · program services $13,831 · management and general $154,026

  • 24a · Other expenses: OTHER OPERATING EXPENSE

    total $3,933,559 · program services $3,893,049 · management and general $40,510

  • 24b · Other expenses: SECURITY DEPOSITS EXPEN

    total $219,316 · program services $219,316

  • 24c · Other expenses: BAD DEBTS

    total $93,369 · program services $14,750 · management and general $78,619

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $35,543 · program services $19,584 · management and general $15,959

  • 24e · All other expenses

    total $34,325 · program services $24,422 · management and general $9,903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,903,302 · end of year $4,163,127

  • 2 · Savings and temporary cash investments

    beginning of year $1,788,123 · end of year $3,681,422

  • 4 · Accounts receivable

    beginning of year $2,708,544 · end of year $2,615,051

  • 7 · Other notes and loans receivable

    beginning of year $1,275,000 · end of year $1,475,000

  • 8 · Inventories for sale or use

    beginning of year $26,085 · end of year $16,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $170,970 · end of year $182,020

  • 10a · Land, buildings and equipment: cost or other basis

    $3,153,024

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,294,881

  • 10c · Land, buildings and equipment, net

    beginning of year $604,712 · end of year $1,858,143

  • 11 · Investments: publicly traded securities

    beginning of year $773,742 · end of year $287,339

  • 13 · Investments: program-related

    beginning of year $1,503,333 · end of year $1,503,333

  • 14 · Intangible assets

    beginning of year $4,373,464 · end of year $4,708,408

  • 15 · Other assets

    beginning of year $7,728,927 · end of year $8,992,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,183,219 · end of year $1,639,823

  • 19 · Deferred revenue

    beginning of year $532,011 · end of year $674,812

  • 23 · Secured mortgages and notes payable

    end of year $2,500,000

  • 25 · Other liabilities

    beginning of year $6,387,870 · end of year $7,161,566

  • 27 · Net assets without donor restrictions

    beginning of year $16,581,908 · end of year $16,070,922

  • 28 · Net assets with donor restrictions

    beginning of year $171,194 · end of year $1,435,694

Mission and programs · 2024

Mission

CDCLI INVESTS IN THE HOUSING AND ECONOMIC ASPIRATIONS OF INDIVIDUALS AND FAMILIES BY PROVIDING SOLUTIONS THAT FOSTER AND MAINTAIN VIBRANT, EQUITABLE, AND SUSTAINABLE COMMUNITIES.

Activities or mission (Part I)

CDCLI INVESTS IN THE HOUSING AND ECONOMIC ASPIRATIONS OF INDIVIDUALS AND FAMILIES BY PROVIDING SOLUTIONS THAT FOSTER AND MAINTAIN VIBRANT, EGUITABLE, AND SUSTAINABLE COMMUNITIES.

  • THE MAINSTREAM VOUCHER PROGRAM PROVIDES VOUCHERS FOR LOW-INCOME HOUSEHOLDS THAT INCLUDE A PERSON(S) WITH DISABILITIES. THE PROGRAM IS DESIGNED TO HELP TENANTS WITH DISABILITIES LIVE INDEPENDENTLY IN THE COMMUNITY. IN 2024, WE SERVED 404 FAMILIES UNDER THIS PROGRAM.

    Expenses $5,287,681 · Grants $5,055,417 · Revenue $5,552,218

  • SECTION 8 - PROVIDES RENTAL ASSISTANCE PAYMENTS TO LOW AND MODERATE INCOME FAMILIES AND TO TENANTS WHOSE LANDLORDS REHABILITATE THEIR APARTMENTS. RENTAL SUBSIDIES WERE PROVIDED FOR 8,925 HOUSEHOLDS.

    Expenses $5,299,234 · Grants $266,607 · Revenue $6,517,394

  • WEATHERIZATION - PROVIDES GRANTS TO LOW INCOME HOUSING FAMILIES WHOSE HOMES REQUIRE WORK TO ENSURE THAT THEY ARE ENERGY EFFICIENT. 377 HOMES AND APARTMENTS RECEIVED ENERGY CONSERVATION AND OTHER IMPROVEMENTS, REDUCING ANNUAL ENERGY USE BY $150,800.

    Expenses $4,492,457 · Grants $2,572,602 · Revenue $4,917,560

  • OTHER PROGRAM SERVICES: EXPENSES REPORTED ON LINES 4A THROUGH 4D REPRESENT ONLY PROGRAM SERVICE EXPENSES AND DO NOT INCLUDE ANY MANAGEMENT AND GENERAL EXPENSES REQUIRED TO SUCCESSFULLY OPERATE THE PROGRAM.

    Expenses $8,258,448 · Grants $245,000 · Revenue $8,077,532

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Brian Clarke

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Ann-Marie Scheidt

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Adrian Fassett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Calone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • James Coughlan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jan Burman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Keith Novitz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Marian Conway

    BOARD MEMBER/TREASURER (BEG SEP 2024)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rashid Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Guardino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Theresa Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas Killeen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Evlyn Tsimis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gwen O'Shea

    PRESIDENT/CEO

    Total calculated
    $443,514
    From this org
    $400,444
    From related orgs
    $0
    Other
    $43,070
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $333,518
    Bonus
    $64,322
    Other
    $2,604
    Deferred
    $28,522
    Nontaxable benefits
    $14,548
    Filer's total
    $443,514

  • Alan Heitner

    CFO/TREASURER (UNTIL AUGUST 2024)

    Total calculated
    $178,255
    From this org
    $168,154
    From related orgs
    $0
    Other
    $10,101
    Hours/week
    36 + 4 related

    Schedule J breakdown matched by us

    Base
    $118,621
    Bonus
    $7,500
    Other
    $42,033
    Deferred
    $10,101
    Nontaxable benefits
    $0
    Filer's total
    $178,255

  • Allison Norris

    EXECUTIVE SECRETARY

    Total calculated
    $95,709
    From this org
    $83,281
    From related orgs
    $0
    Other
    $12,428
    Hours/week
    38 + 2 related

  • Natalie Wright

    CSO

    Total calculated
    $237,640
    From this org
    $220,046
    From related orgs
    $0
    Other
    $17,594
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $209,460
    Bonus
    $10,000
    Other
    $586
    Deferred
    $17,594
    Nontaxable benefits
    $0
    Filer's total
    $237,640

  • Jeanmarie Buffett

    SVP HOUSING DEVELOPMENT AND PLANNING

    Total calculated
    $173,022
    From this org
    $160,214
    From related orgs
    $0
    Other
    $12,808
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,654
    Bonus
    $15,000
    Other
    $560
    Deferred
    $12,808
    Nontaxable benefits
    $0
    Filer's total
    $173,022

  • Heather Carroll

    SVP PEOPLE & CULTURE

    Total calculated
    $171,860
    From this org
    $159,780
    From related orgs
    $0
    Other
    $12,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,243
    Bonus
    $0
    Other
    $537
    Deferred
    $6,600
    Nontaxable benefits
    $5,480
    Filer's total
    $171,860

  • Jonathan Recinos

    VICE PRESIDENT/CONTROLLER

    Total calculated
    $160,839
    From this org
    $131,786
    From related orgs
    $0
    Other
    $29,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,449
    Bonus
    $5,800
    Other
    $537
    Deferred
    $11,265
    Nontaxable benefits
    $17,788
    Filer's total
    $160,839

  • William Achnitz

    VICE PRESIDENT HOME IMPROVEMENT AND OPTIMIZATION

    Total calculated
    $152,704
    From this org
    $125,216
    From related orgs
    $0
    Other
    $27,488
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $114,233
    Bonus
    $10,500
    Other
    $483
    Deferred
    $5,446
    Nontaxable benefits
    $22,042
    Filer's total
    $152,704

  • Raphael Jean-Francois

    LOAN MANAGER

    Total calculated
    $136,682
    From this org
    $117,246
    From related orgs
    $0
    Other
    $19,436
    Hours/week
    40

  • Tricia Gleaton

    VICE PRESIDENT HOME OWNERSHIP CENTER

    Total calculated
    $129,694
    From this org
    $117,236
    From related orgs
    $0
    Other
    $12,458
    Hours/week
    40

  • Rachel Seiler

    VICE PRESIDENT RESIDENT SERVICES

    Total calculated
    $135,996
    From this org
    $109,142
    From related orgs
    $0
    Other
    $26,854
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4A
ALAN HEITNER RECEIVED A SEVERANCE PAYMENT OF $41,739.67.
PART I, LINE 7
THE BONUS FOR THE CEO IS AWARDED BASED ON THE DISCRETION OF THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE OF THE BOARD OF DIRECTORS. UPON THE RECOMMENDATION OF MANAGEMENT, THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE ANNUALLY SETS AN AGGREGATE AMOUNT OF MONEY AVAILABLE FOR ALL OTHER BONUSES. THESE BONUSES ARE AWARDED TO ELIGIBLE EMPLOYEES BASED ON A FORMALIZED EVALUATION PROCESS AND THE DISCRETION OF MANAGERS AND THE CEO.

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

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.

  • COPIAGUE COMMONS LLC

    REAL ESTATE · NY

  • PECONIC CROSSING LLC

    REAL ESTATE · NY

  • VINEYARD VIEW LLC

    REAL ESTATE · NY

  • WRC-E MANAGER LLC

    REAL ESTATE · NY · 50% owned · share of income -$341 · share of assets $999,943 · general or managing partner

    Directly controlled by CDCLI

Related corporations and trusts

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

  • CARMAN PLACE HOUSING DEVELOPMENT FUND COMPANY INC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • CATHEDRAL PLACE HOUSING DEVELOPMENT FUND

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • CDC BAYWIND CORPORATION

    C · REAL ESTATE · NY · 100% owned · share of income $3,502 · share of assets $1,518,171 · controlled entity

    Directly controlled by CDCLI

  • CDC COPIAGUE COMMONS INC

    C · REAL ESTATE · NY · 100% owned · share of income $1 · controlled entity

    Directly controlled by CDCLI

  • CDC NEW CASSEL INC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • CDC PECONIC CROSSING INC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • CDC PORT JEFFERSON CROSSING INC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • CDC VINEYARD VIEW INC

    C · REAL ESTATE · NY · 100% owned · share of assets $128,988 · controlled entity

    Directly controlled by CDCLI

  • CDC WINCORAM COMMONS INC

    C · REAL ESTATE · NY · 100% owned · share of income $1 · share of assets $7 · controlled entity

    Directly controlled by CDCLI

  • CDC WRC-E INC

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • TWIN OAKS HOUSING DEVELOPMENT FUND CO

    C · HOUSING · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

  • VINEYARD VIEW HOUSING DEVELOPMENT FUND

    C · REAL ESTATE · NY · 100% owned · controlled entity

    Directly controlled by CDCLI

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513189349304846

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