Cdcli Housing Development Fund Corporation
- Assets
- $15.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Centereach, NY
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 11-3312539
Organization Overview
Cdcli Housing Development Fund Corporation is located in Centereach, NY. The organization was established in 1998. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cdcli Housing Development Fund Corporation 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 12/2021, Cdcli Housing Development Fund Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS 46 HOUSES WHICH ARE CURRENTLY RENTED TO VERY LOW TO MODERATE INCOME FAMILIES AND IS INVOLVED IN THE DEVELOPMENT OF AFFORDABLE RESIDENTIAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alan Heitner Cfo/treasurer | Officer | 1 | $0 |
Gwen O'shea President /ceo | Officer | 1 | $0 |
Elsie Meissner Secretary | Officer | 1 | $0 |
Adrian Fasset Board Member | Trustee | 1 | $0 |
Brian Clarke Board Member | Trustee | 1 | $0 |
Ann-Marie Scheidt Vice Chair | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Murtha Construction Housing Rehab | 10/30/17 | $382,455 |
Blaze Construction Housing Rehab | 10/30/17 | $100,485 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $688,667 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $688,667 |
| Total Program Service Revenue | $1,142,831 |
| Investment income | $2,237 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,844,244 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $173,902 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,650 |
| Advertising and promotion | $0 |
| Office expenses | $325 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,708 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $80,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $463,847 |
| Insurance | $64,570 |
| All other expenses | $0 |
| Total functional expenses | $1,135,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,064,018 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $54,281 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $223,118 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,612 |
| Net Land, buildings, and equipment | $9,819,554 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,875 |
| Total assets | $15,223,458 |
| Accounts payable and accrued expenses | $11,422 |
| Grants payable | $0 |
| Deferred revenue | $1,824,626 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $59,157 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,935,217 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,834,059 |
| Total liabilities | $8,664,481 |
| Net assets without donor restrictions | $6,464,031 |
| Net assets with donor restrictions | $94,946 |
| 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 | $15,223,458 |
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