2025-11-14T10:51:34-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 1305 WALT WHITMAN ROAD SUITE 210 MELVILLE NY 11747 990 2024-01-01 113312539 CDCLI HOUSING DEVELOPMENT FUND CORPORATION CDCL 6314711215 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 GWEN O'SHEA PRESIDENT/CEO 6315711215 2025-11-12 1 1 ZACHARY SEGAL P01511850 5163365500 2025-11-12 2024 2025-03-06 01:10:19Z GWEN O'SHEA 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 1408842 0 X WWW.CDCLI.ORG X 1995 NY TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME INDIVIDUALS. 15 15 0 15 0 0 0 0 1367197 1373178 864 26282 2304 9382 1370365 1408842 0 0 0 0 0 0 0 0 0 1303786 1353200 1303786 1353200 66579 55642 14275328 14342770 7827871 7839671 6447457 6503099 X 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. 0 0 1321950 1382560 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. 1321950 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SHARON SABBA FIERSTEIN 6314711215 1660 WALT WHITMAN ROAD MELVILLE NY 11747 ADRIAN FASSET BOARD MEMBER 1.00 1.00 X 0 0 0 ANN-MARIE SCHEIDT BOARD MEMBER/VICE CHAIR 1.00 2.00 X X 0 0 0 BRIAN CLARKE BOARD MEMBER/CHAIR 1.00 2.00 X X 0 0 0 DAVID CALONE BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES COUGHLAN BOARD MEMBER 1.00 2.00 X 0 0 0 JAN BURMAN BOARD MEMBER 1.00 1.00 X 0 0 0 JOSEPH WILLEN BOARD MEMBER 1.00 1.00 X 0 0 0 KEITH NOVITZ BOARD MEMBER 1.00 1.00 X 0 0 0 MARIAN CONWAY BOARD MEMBER/TREASURER (BEG SEP 2024) 1.00 1.00 X X 0 0 0 RASHID WALKER BOARD MEMBER 1.00 1.00 X 0 0 0 RICHARD GUARDINO BOARD MEMBER 1.00 1.00 X 0 0 0 THERESA SANDERS BOARD MEMBER 1.00 2.00 X 0 0 0 THOMAS KILLEEN BOARD MEMBER 1.00 1.00 X 0 0 0 RICHARD ROBERTS BOARD MEMBER 1.00 2.00 X 0 0 0 EVLYN TSIMIS BOARD MEMBER 1.00 1.00 X 0 0 0 GWEN O'SHEA PRESIDENT /CEO 2.00 38.00 X 0 400444 43070 ALAN HEITNER CFO/ TREASURER (UNTIL AUGUST 2024) 2.00 38.00 X 0 168154 10101 ALLISON NORRIS SECRETARY 2.00 38.00 X 0 83281 12428 0 651879 65599 0 0 1 0 LONG ISLAND CUSTOM RENOVATIONS INC 1 PLANDOME PL SELDEN NY 11784 HOUSING - MAINTENACE & REPAIRS CONTRACTO 138975 1 RENTAL INCOME 532000 1373178 1373178 1373178 26282 26282 9382 9382 9382 1408842 1382560 0 26282 296609 265359 31250 5873 5873 9469 9469 69288 69288 505730 505730 83445 83445 REPAIRS & MAINTENANCE 219820 219820 REAL ESTATE TAXES 159288 159288 TAX 2350 2350 1328 1328 1353200 1321950 31250 0 4700697 5166003 3540 51804 223117 223117 46935 34549 14376439 5509142 9301039 8867297 14275328 14342770 18690 60960 1824626 1824626 62266 56518 1699656 1632239 4222633 4265328 7827871 7839671 X 6447457 6503099 6447457 6503099 14275328 14342770 55642 0 X 0 1 X 1 1 1 X 688667 688667 1178393 1142831 1171050 1367197 1373178 6232649 1178393 1831498 1171050 1367197 1373178 6921316 0 0 0 6921316 9759 2237 884 864 26282 40026 9759 2237 884 864 26282 40026 134542 10509 2304 9382 156737 1322694 1844244 1171934 1370365 1408842 7118079 0.97240 0.97520 0.00560 0.00300 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 134,542. 2021 AMOUNT: $ 10,509. 2023 AMOUNT: $ 2,304. 2024 AMOUNT: $ 9,382. 0 1 X 998538 998538 13377901 5509142 7868759 8867297 INTER-COMPANY PAYABLE 907331 OTHER LIABILITIES 3357997 4265328 X 1408842 0 1408842 0 1408842 1353200 0 1353200 0 1353200 PART IV, LINE 2B: THE ORGANIZATION HOLDS TENANT SECURITY DEPOSITS IN ESCROW SO THAT THE FUNDS ARE ACCESSIBLE WHEN TENANTS MOVE OUT. PART X, LINE 2: HOUSING IS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK AND IS CLASSIFIED AS A 501(C)(3) ORGANIZATION, WHICH IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(A) OF THE IRC. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. HOUSING HAS NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER ASC 740-10, AN ORGANIZATION MUST RECOGNIZE THE FINANCIAL STATEMENT EFFECTS OF A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. HOUSING DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. HOUSING HAS FILED INTERNAL REVENUE SERVICE FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHEN IT IS REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY HOUSING ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. 0 0 0 0 0 0 0 0 0 GWEN O'SHEA PRESIDENT /CEO 0 333518 0 64322 0 2604 0 28522 0 14548 0 443514 0 0 ALAN HEITNER CFO/ TREASURER (UNTIL AUGUST 2024) 0 118621 0 7500 0 42033 0 10101 0 0 0 178255 0 0 PART I, LINE 3 PRESIDENT AND CHIEF EXECUTIVE OFFICER, GWEN O'SHEA, RECEIVES COMPENSATION FROM COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC, A RELATED ORGANIZATION. COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC USES COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS FORWARDED TO THE FULL BOARD FOR REVIEW AND PRESENTED AND DISCUSSED BY THE BOARD AT THE NEXT BOARD MEETING PRIOR TO FINALIZING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF COMMITTEE WITH BOARD DELEGATED POWERS IS REQUIRED TO SIGN AN ANNUAL STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, READ AND UNDERSTOOD IT AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICER OR KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. COMMUNITY DEV CORP OF LONG ISLAND INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 112221341 SERVICE PROVIDER NY 501(C)(3) LINE 7 N/A 0 CDCLI FUNDING CORPORATION 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113418906 FINANCIAL INSTITUTION NY 501(C)(3) LINE 7 CDCLI 0 WRC-E MANAGER LLC 1001 FRANLIN AVE SUITE 300 GARDEN CITY NY 11530 820989581 REAL ESTATE NY N/A 0 0 CARMAN PLACE HOUSING DEVELOPMENT FUND COMPANY INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 832042913 REAL ESTATE NY N/A C 0 CATHEDRAL PLACE HOUSING DEVELOPMENT FUND 1660 WALT WHITMAN ROAD MELVILLE NY 11747 455611141 HOUSING NY N/A C 0 CDC BAYWIND CORPORATION 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113506794 REAL ESTATE NY N/A C 0 CDC COPIAGUE COMMONS INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 475341188 REAL ESTATE NY N/A C 0 CDC NEW CASSEL INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 455600921 REAL ESTATE NY N/A C 0 CDC PECONIC CROSSING INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 814411702 REAL ESTATE NY N/A C 0 CDC PORT JEFFERSON CROSSING INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 854306811 REAL ESTATE NY N/A C 0 CDC VINEYARD VIEW INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 833583469 REAL ESTATE NY N/A C 0 CDC WINCORAM COMMONS INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 464485492 REAL ESTATE NY N/A C 0 CDC WRC-E INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 824018626 REAL ESTATE NY N/A C 0 TWIN OAKS HOUSING DEVELOPMENT FUND CO 1660 WALT WHITMAN ROAD MELVILLE NY 11747 273573773 HOUSING NY N/A C 0 VINEYARD VIEW HOUSING DEVELOPMENT FUND 1660 WALT WHITMAN ROAD MELVILLE NY 11747 832052511 REAL ESTATE NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0