Public Charity

CDCLI HOUSING DEVELOPMENT FUND CORPORATION

CDCLI HOUSING DEVELOPMENT FUND CORPORATION is a Public Charity headquartered in MELVILLE, NY. Financial data from the 2024 filing: $1.4M revenue, $1.4M expenses, $14.3M total assets.

EIN: 113312539 MELVILLE, NY Housing Expense Reduction Support NTEE: L82 Latest filing: 2024
Total Revenue$1.4M
Total Expenses$1.4M
Total Assets$14.3M
Grant Records0
Filing Years2019–2024

Mission

CDCLI HOUSING DEVELOPMENT FUND CORPORATION WAS ORGANIZED FOR THE PURPOSE OF BEING THE DEVELOPMENT AFFILIATE OF COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND, INC. THE ORGANIZATION OWNS 46 HOUSES WHICH ARE RENTED TO VERY LOW TO MODERATE INCOME FAMILIES AND IS INVOLVED IN THE DEVELOPMENT OF AFFORDABLE RESIDENTIAL HOUSING.

Where $100 goes at Cdcli Housing Development Fund Corporation

How Cdcli Housing Development Fund Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$96
The organization owns 45 houses which are currently rented to very low to moderate income families and is involved in the development of affordable residential housing
All program spending · Reported in the filing: 45 houses
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD MEMBER Adrian Fasset
CFO/ TREASURER (UNTIL AUGUST 2024) Alan Heitner
SECRETARY Allison Norris
BOARD MEMBER/VICE CHAIR Ann-Marie Scheidt
BOARD MEMBER/CHAIR Brian Clarke
BOARD MEMBER David Calone

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $1.4M $1.4M $14.3M
2023 $1.4M $1.3M $14.3M
2022 $1.2M $1.3M $15.6M
2020 $1.4M $1.2M $15.5M
2019 $1.4M $1.2M $14.9M

Between 2019 and 2024, reported annual revenue held roughly steady at around $1.4M, with total assets most recently reported at $14.3M.

Interactive year-over-year charts and full filing details available with membership.

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