CDCLI HOUSING DEVELOPMENT FUND COR… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

GWEN O'SHEA

Phone

6314711215

Tax Period

2023-01-01 to 2023-12-31

CDCLI HOUSING DEVELOPMENT FUND CORPORATION, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 5% surplus.

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.

Program Service Accomplishments

Program 1

Expenses: $1,263,739 Revenue: $1,369,501

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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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 $0

Program Service Revenue $1,367,197

Investment Income $864

Other Revenue $2,304

TOTAL REVENUE $1,370,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,263,739

Other Expenses $1,303,786

TOTAL EXPENSES $1,303,786

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,370,365	$1,171,934	+0.2%
Expenses	$1,303,786	$1,338,722	0.0%
Net Income	$66,579	$-166,788	-1.4%

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

N/A

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

$684,788

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIAN FASSET	BOARD MEMBER	1.00	Director	$0	$0	$0
ANN-MARIE SCHEIDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN CLARKE	BOARD MEMBER	1.00	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
JOSEPH WILLEN	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	1.00	Director	$0	$0	$0
ALAN HEITNER	CFO/TREASURER	2.00	Officer	$0	$16,607	$226,241
GWEN O'SHEA	PRESIDENT /CEO	2.00	Officer	$0	$48,357	$418,432
ALLISON NORRIS	EXECUTIVE SECRETARY	2.00	Officer	$0	$3,454	$40,115

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	$1,370,365	$1,303,786	$14,275,328	$66,579
2022	$1,171,934	$1,338,722	$15,592,317	$-166,788
2021	$1,844,244	$1,135,588	$15,223,458	$708,656
2020	$1,436,948	$1,168,578	$15,539,408	$268,370
2019	$1,399,093	$1,216,123	$14,899,327	$182,970
2018	$1,201,813	$1,105,315	$13,183,105	$96,498

CDCLI HOUSING DEVELOPMENT FUND CORPORATION