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CDCLI HOUSING DEVELOPMENT FUND CORPORATION
MELVILLE, NY · EIN 113312539 · Form 990 · FY2024 · NTEE L82Z · Housing & Shelter · Medium ($1M-$10M) · cdcli.org
revenue
$1.4M
expenses
$1.4M
net assets
$6.5M
employees
0
volunteers
15
program ratio
98%
mission · from form 990

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS.

profile · synthesized from sources

Community Development Long Island (CDLI) develops and supports affordable housing initiatives for low-income individuals and families on Long Island. The organization offers rental assistance, homeownership preparation, financial education, and lending services through its CDFI. CDLI also partners with developers and local governments to expand access to sustainable and equitable housing.

named programs · 6 · from sources

What they call their work

CDFI Lending Program
Provides a range of lending options to support community development and affordable housing projects.
Dreamers of Homeownership
Educates individuals on the homebuying process, mortgage readiness, and available funding opportunities.
Financial Coaching & Resources
Offers financial education and coaching to support financial fitness and homeownership goals.
Homeowner Resources
Provides education and resources to help homeowners maintain and improve their homes.
Housing Choice Voucher Program
Assists tenants and landlords in accessing and providing quality, affordable rental units.
Property Developers & Owners Program
Collaborates with builders, developers, and property owners to create affordable housing developments across Long Island.
activities · 4 groups

What they do

  • Affordable Housing Development and Management 2 activities
    • Administers Housing Choice Voucher Program
      Operates a Housing Choice Voucher Program that assists tenants and landlords in accessing and providing quality, affordable rental units.
    • Develops affordable housing through community partnerships
      Collaborates with residents, government officials, community leaders, builders, and partners to develop affordable housing across Long Island.
  • Small Business and Nonprofit Lending 1 activity
    • Provides community development lending through CDFI
      Provides a variety of lending options through its Community Development Financial Institution (CDFI) to meet community needs, including financing for affordable housing and community development projects.
  • First-Time Homebuyer Support Services 1 activity
    • Provides homebuyer education and counseling
      Provides education to help individuals become mortgage-ready by informing them about the homebuying process, common pitfalls, and available funding opportunities.
  • Uncategorized 1 activity
    • Offers homeowner education and home maintenance resources
      Offers resources and education to assist homeowners in improving and maintaining their homes.
financials · form 990 · fy2024
revenue
Total revenue$1.41M
Contributions & grants$00%
Program service revenue$1.37M97%
Investment income$26K2%
Other revenue$9K
expenses
Total expenses$1.35M
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$14.34M
Cash$5.17M
Investments$0
Liabilities$7.84M
Net assets$6.50M
Liquid reserves45.8 mo
3 years on record · 2020–2024 · YoY revenue +2.8%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
GWEN O'SHEA PRESIDENT /CEO 2 $444K
ALAN HEITNER CFO/ TREASURER (UNTIL AUGUST 2024) 2 $178K
ALLISON NORRIS SECRETARY 2 $96K
board members · 15
  • ADRIAN FASSET — BOARD MEMBER
  • ANN-MARIE SCHEIDT — BOARD MEMBER/VICE CHAIR
  • BRIAN CLARKE — BOARD MEMBER/CHAIR
  • DAVID CALONE — BOARD MEMBER
  • EVLYN TSIMIS — BOARD MEMBER
  • JAMES COUGHLAN — BOARD MEMBER
  • JAN BURMAN — BOARD MEMBER
  • JOSEPH WILLEN — BOARD MEMBER
  • KEITH NOVITZ — BOARD MEMBER
  • MARIAN CONWAY — BOARD MEMBER/TREASURER (BEG SEP 2024)
  • RASHID WALKER — BOARD MEMBER
  • RICHARD GUARDINO — BOARD MEMBER
  • RICHARD ROBERTS — BOARD MEMBER
  • THERESA SANDERS — BOARD MEMBER
  • THOMAS KILLEEN — BOARD MEMBER
relationships · 3

Who they work with

  • builders Partner — Collaborates with builders to develop affordable housing throughout Long Island.
  • community leaders Partner — Works alongside community leaders to support housing and economic development initiatives.
  • government officials Government — Partners with government officials in developing affordable housing and community solutions.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Housing-First Stability Model
    methodology: housing_first
    By providing permanent affordable housing, we produce greater stability and well-being for low-income individuals, because secure housing is a foundational determinant of long-term economic and personal resilience.
  • Integrated Community Development
    methodology: integrated-development
    By combining expertise in affordable housing, clean energy, and financial empowerment, we produce more sustainable and equitable communities, because interconnected challenges require coordinated, multi-sector solutions.