Community Development Corporation Of Long Island Inc
- Assets
- $18.8m
- Revenue
- $21.9m
- Investments
- $0.0
- Employees
- 126
- Location
- Melville, NY
- Founding
- 07/1971
- Data as of
- 12/2022
- EIN
- 11-2221341
Organization Overview
Community Development Corporation Of Long Island Inc is located in Melville, NY. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Community Development Corporation Of Long Island Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Development Corporation Of Long Island Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Community Development Corporation Of Long Island Inc generated $21.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $22.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CDCLI INVESTS IN THE HOUSING AND ECONOMIC ASPIRATIONS OF INDIVIDUALS AND FAMILIES BY PROVIDING SOLUTIONS THAT FOSTER AND MAINTAIN VIBRANT, EGUITABLE, AND SUSTAINABLE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2022, WE SERVED 319 FAMILIES UNDER THIS PROGRAM.
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.
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 8,858 HOUSEHOLDS.
WEATHERIZATION - PROVIDES GRANTS TO LOW INCOME HOUSING FAMILIES WHOSE HOMES REQUIRE WORK TO ENSURE THAT THEY ARE ENERGY EFFICIENT. 276 HOMES AND APARTMENTS RECEIVED ENERGY CONSERVATION AND OTHER IMPROVEMENTS, REDUCING ANNUAL ENERGY USE BY $125,000.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Fasset Board Member | Trustee | 1 | $0 |
Ann-Marie Scheidt Board Member | Trustee | 1 | $0 |
Brian Clarke Board Member | Trustee | 1 | $0 |
David Calone Board Member | Trustee | 1 | $0 |
James Coughlan Chair | OfficerTrustee | 1 | $0 |
Jan Burman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Larrissa Oil Inc Wap / Lihip Contractor | 12/30/22 | $645,910 |
Ajilon Temp Services | 12/30/22 | $459,512 |
Lexi Construction Wap / Lihip Contractor | 12/30/22 | $650,162 |
Lanham & Associates Wap / Lihip Contractor | 12/30/22 | $455,237 |
Maxxum Construction Corp Wap / Lihip Contractor | 12/30/22 | $376,396 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $223,633 |
| Related organizations | $0 |
| Government grants | $560,400 |
| All other contributions, gifts, grants, and similar amounts not included above | $316,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,100,537 |
| Total Program Service Revenue | $20,503,507 |
| Investment income | $16,232 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,300 |
| Net Income from Fundraising Events | -$11,965 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,886,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,000 |
| Grants and other assistance to domestic individuals. | $10,518,281 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $974,328 |
| Compensation of current officers, directors, key employees. | $188,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,286,366 |
| Pension plan accruals and contributions | $318,217 |
| Other employee benefits | $820,248 |
| Payroll taxes | $488,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75,280 |
| Fees for services: Accounting | $30,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,230,813 |
| Advertising and promotion | $56,127 |
| Office expenses | $587,807 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $511,833 |
| Travel | $107,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $226,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,519 |
| Insurance | $118,372 |
| All other expenses | $344,867 |
| Total functional expenses | $22,249,629 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,951,287 |
| Savings and temporary cash investments | $1,315,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,614,743 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,275,000 |
| Inventories for sale or use | $12,601 |
| Prepaid expenses and deferred charges | $194,007 |
| Net Land, buildings, and equipment | $138,346 |
| Investments—publicly traded securities | $284,264 |
| Investments—other securities | $0 |
| Investments—program-related | $1,503,333 |
| Intangible assets | $0 |
| Other assets | $6,485,964 |
| Total assets | $18,775,025 |
| Accounts payable and accrued expenses | $1,406,998 |
| Grants payable | $0 |
| Deferred revenue | $95,515 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $433,443 |
| Total liabilities | $1,935,956 |
| Net assets without donor restrictions | $16,554,722 |
| Net assets with donor restrictions | $284,347 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,775,025 |