COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC (EIN 112221341) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

GWEN OSHEA

Phone

6314711215

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC, founded in 1969, is a mid-sized nonprofit in the Community Improvement sector that reported $25.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $609,173

Program Service Revenue $22,446,318

Investment Income $1,724,788

Other Revenue $355,077

TOTAL REVENUE $25,135,356

Expense Breakdown

Grants Paid $10,404,772

Salaries & Benefits $10,241,390

Fundraising Expenses $0

Program Expenses $22,209,940

Other Expenses $4,575,458

TOTAL EXPENSES $25,221,620

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,135,356	$21,886,256	+0.1%
Expenses	$25,221,620	$22,249,629	+0.1%
Net Income	$-86,264	$-363,373	-0.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

153

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$906,045

Total Directors

Key Employees

$177,779

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN FASSETT	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN-MARIE SCHEIDT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN CLARKE	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID CALONE	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES COUGHLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAN BURMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH NOVITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIAN CONWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
RASHID WALKER	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD GUARDINO	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
THOMAS KILLEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD ROBERTS	BOARD MEMBER AS OF 6/22/2023	1.00	Director	$0	$0	$0
EVLYN TSIMIS	BOARD MEMBER AS OF 6/22/2023	1.00	Director	$0	$0	$0
JOSEPH WILLEN	OUTGOING-BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN O'SHEA	PRESIDENT/CEO	36.00	Officer	$370,074	$48,357	$418,431
ALAN HEITNER	CFO/TREASURER	36.00	Officer	$209,634	$16,607	$226,241
ALLISON NORRIS	EXECUTIVE SECRETARY	38.00	Officer	$36,661	$3,454	$40,115
NATALIE WRIGHT	CSO	40.00	Officer	$207,070	$14,188	$221,258
MILDRED RIVERA	VICE PRESIDENT RENTAL ASSI	40.00	Key Emp	$152,477	$25,302	$177,779
JEANMARIE BUFFETT	SVP HOUSING DEVELOPMENT AND PLANNING	40.00	Highest	$147,649	$8,356	$156,005
JONATHAN RECINOS	VICE PRESIDENT/CONTROLLER	40.00	Highest	$133,606	$18,522	$152,128
TADEO ASOJANO	SVP OF PROGRAM, STRATEGY AND IMPACT	40.00	Highest	$127,260	$13,899	$141,159
WILLIAM ACHNITZ	VICE PRESIDENT HOME IMPROVEMENT AND OPTIMIZATION	40.00	Highest	$108,104	$26,487	$134,591
TRICIA GLEATON	VICE PRESIDENT HOME OWNERSHIP CENTER	40.00	Highest	$106,078	$12,409	$118,487

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$25,135,356	$25,221,620	$25,856,202	$-86,264
2022	$21,886,256	$22,249,629	$18,775,025	$-363,373
2021	$19,933,485	$20,315,700	$19,901,766	$-382,215
2020	$17,226,123	$17,079,570	$19,600,543	$146,553
2019	$18,169,476	$17,289,860	$19,412,644	$879,616
2018	$98,038,469	$97,387,617	$17,900,935	$650,852
2018	$17,010,219	$16,359,367	$17,900,935	$650,852

COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC