Cdcli Housing Development Fund Corporation
Nonprofit profile at a glance
- EIN
- 113312539
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Melville, NY, USA
- Phone
- 6314711215
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Expense Reduction Support
Reported finances
- Revenue
- $1,408,842
- Expenses
- $1,353,200
- Assets
- $14,342,770
- Liabilities
- $7,839,671
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- GWEN O'SHEA (PRESIDENT /CEO)
Highest reported compensation
- GWEN O'SHEA (PRESIDENT /CEO): $443,514 total reported compensation
- ALAN HEITNER (CFO/ TREASURER (UNTIL AUGUST 2024)): $178,255 total reported compensation
- ALLISON NORRIS (SECRETARY): $95,709 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 60
- Accountability: 100
- Sustainability: 57
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.1%; rating input score 92
- Program expense ratio: 97.7%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.9%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 10.6; rating input score 92; 92nd percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 4.8%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 30th percentile among comparable filings
- Revenue growth: -4.2% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 24th percentile among comparable filings
Details
- Where the money goes: 92.1% of revenue deployed · 97.7% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $444K · 18 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $139K reported
- Consistency: 22 of 22 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 8 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 15 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.