LONG ISLAND DEVELOPMENT CORPORATION

Financials

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

Address and contacts

Address (IRS master file)

175 ENGINEERS RD STE 200, HAUPPAUGE, NY 11788-4029

Principal officer (990 for 2024)

GINA SLATER PARKER, 175 ENGINEERS ROAD, HAUPPAUGE, NY 11788

Signed the 990

GINA SLATER PARKER, PRESIDENT AND CEO

Phone

(516) 433-5000

Website

WWW.LIDC.ORG

Return prepared by

BAKER TILLY ADVISORY GROUP LP

Mission

ECONOMIC DEVELOPMENT TO ASSIST SMALL BUSINESSES AND NOT-FOR-PROFIT ENTITIES WITH LOANS AND TECHNICAL ASSISTANCE.

Program accomplishments

• CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT REVOLVING LOAN FUND:IN JULY 2020, THE DEPARTMENT OF COMMERCE'S ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) APPROVED LIDC'S APPLICATION TO CAPITALIZE A $6,570,000 REVOLVING LOAN FUND TO ALLEVIATE SUDDEN AND SEVERE ECONOMIC DISLOCATION CAUSED BY THE CORONAVIRUS (COVID-19) PANDEMIC, TO PROVIDE PERMANENT RESOURCES TO SUPPORT ECONOMIC RESILIENCY, AND TO FURTHER THE LONG-TERM ECONOMIC ADJUSTMENT OBJECTIVES OF LONG ISLAND. THE EDA INVESTMENT ALSO PROVIDES $657,000 TO DEFRAY THE COST OF ADMINISTERING THE RLF. THE TOTAL PROJECT COST IS ESTIMATED TO BE $7,227,000 AND IS FUNDED UNDER THE ADDITIONAL SUPPLEMENTAL APPROPRIATIONS FOR CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT). THE EDA ISSUED THE APPROVED AGREEMENT IN TWO PHASES. THE FIRST PHASE OR FUNDING PHASE IS A TWO YEAR PERIOD IN WHICH BOTH THE $6,570,000 LOAN FUNDS MUST BE DISBURSED AND THE $657,000 ADMINISTRATIVE FEE MUST BE UTILIZED. AS OF SEPTEMBER 30, 2021, $3,040,000 OF LOANS HAVE BEEN DISBURSED. THE SECOND PHASE OF REVOLVING LOAN FUND PHASE BEGINS AFTER THE FIRST PHASE HAS OCCURED AND PERFORMS AS A TRADITIONAL RLF DURING THE NEXT 7 YEARS. DURING THIS PERIOD, LIDC RECEIVES ADMINISTRATIVE FEES, SUBJECT TO MAXIMUM LIMITS SET BY THE CONTRACTS. THE ADMINISTRATIVE FEE IS PAID FROM INTEREST AND FEES EARNED IN CONNECTION WITH THE PROGRAM. IN 2029, THE LIDC CARES ACT REVOLVING LOAN FUND IS SCHEDULED TO BECOME DEFEDERALIZED FUND AND GRADUATE TO A LEGACY REVOLVING LOAN FUND.
  Expenses $233,222 · revenue $84,411
• LONG ISLAND DEFENSE DIVERSIFICATION REVOLVING LOAN FUND:IN 1994 LIDC ENTERED INTO A CONTRACT WITH NEW YORK STATE DEPARTMENT OF ECONOMIC DEVELOPMENT ("NYSDED") TO ADMINISTER A $2.0 MILLION LOAN FUND TO DISBURSE LOANS TO DEFENSE DEPENDENT SMALL BUSINESS MANUFACTURERS USING FUNDS PROVIDED BY THE ECONOMIC DEVELOPMENT ADMINISTRATION ("EDA") UNDER THE U.S. DEPARTMENT OF COMMERCE THROUGH NYSDED. THE FUND WAS INCREASED TO $2.5 MILLION IN 1995. THE USE OF FUNDS WAS EXPANDED TO TARGETED INDUSTRIES (NOTE A-2C). REPAYMENTS OF PRINCIPAL AND INTEREST ALONG WITH INTEREST ON DEPOSITS AND FEES RECEIVED IN CONNECTION WITH THESE LOANS ARE RESTRICTED FOR FUTURE LENDING. INTEREST AND FEES RECEIVED ON OUTSTANDING LOANS FOR THE YEAR ENDED SEPTEMBER 30, 2025 WAS $170,206. IN ADDITION, LIDC MAINTAINS RESERVE DEPOSIT ACCOUNTS FOR SOME OF THE BORROWERS, INTEREST ON WHICH BELONGS TO LIDC. LIDC RECEIVES ADMINISTRATIVE FEES IN CONNECTION WITH THIS PROGRAM WHICH ARE PAID FROM INTEREST AND FEES EARNED UP TO CERTAIN MAXIMUM LIMITS SET BY CONTRACT. FOR THE YEAR ENDED SEPTEMBER 30, 2025, LIDC RECEIVED FROM THE LONG ISLAND DEFENSE DIVERSIFICATION REVOLVING LOAN FUND ADMINISTRATIVE FEES OF $145,018. IN A LETTER DATED JUNE 21, 2022, THE NEW YORK STATE DEPARTMENT OF ECONOMIC DEVELOPMENT REQUESTED THAT EDA RELEASE ITS FEDERAL INTEREST IN INVESTMENT NUMBER 01-49-03291. THE REQUEST WAS GRANTED BY THE EDA TO RELEASE ITS FEDERAL INTEREST IN THE REVOLVING LOAN FUND AWARDS THAT HAVE OPERATED SATISFACTORILY FOR SEVEN YEARS BEYOND DISBURSEMENT OF GRANT FUNDS. THEREFORE, THE LIDC DEFENSE DIVERSIFICATION REVOLVING LOAN FUND WAS GRADUATED TO A LEGACY REVOLVING LOAN FUND.LONG ISLAND FISHERIES ASSISTANCE REVOLVING LOAN FUND:IN SEPTEMBER 1994, LIDC ENTERED A CONTRACT WITH THE NYS DEPARTMENT OF ECONOMIC DEVELOPMENT (NYSDED) AND JOB DEVELOPMENT AUTHORITY (JDA), TO ADMINISTER A $750,000 FUND TO ASSIST COMMERCIAL FISHERMEN AND AQUACULTURE RELATED INDUSTRIES NEGATIVELY IMPACTED BY POLLUTION AND REGULATION ON LONG ISLAND. $500,000 IS FUNDED BY THE US DEPARTMENT OF COMMERCE, ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) THROUGH NYS DED AND $250,000 IS FUNDED BE THE JDA. THE FUNDS ARE USED FOR WORKING CAPITAL AND CAPITAL ASSET LOANS TO ELIGIBLE SMALL BUSINESSES LOCATED ON LONG ISLAND. IN A LETTER DATED JUNE 21, 2022, THE NEW YORK STATE DEPARTMENT OF ECONOMIC DEVELOPMENT REQUESTED THAT EDA RELEASE ITS FEDERAL INTEREST IN INVESTMENT NUMBER 01-19-63003. THE REQUEST WAS GRANTED BY THE EDA TO RELEASE ITS FEDERAL INTEREST IN THE REVOLVING LOAN FUND AWARDS THAT HAVE OPERATED SATISFACTORILY FOR SEVEN YEARS BEYOND DISBURSEMENT OF GRANT FUNDS. THEREFORE, THE LIDC FISHERIES ASSISTANCE REVOLVING LOAN FUND WAS GRADUATED TO A LEGACY REVOLVING LOAN FUND. LIDC RECEIVES ADMINISTRATIVE FEES, SUBJECT TO MAXIMUM LIMITS SET BY THE CONTRACTS. THE ADMINISTRATIVE FEE IS PAID FROM INTEREST AND FEES EARNED IN CONNECTION WITH THE PROGRAM. INTEREST AND FEES RECEIVED ON OUTSTANDING LOANS FOR THE YEAR ENDED SEPTEMBER 30, 2025 WAS $35,597. USE OF INTEREST, PRINCIPAL AND FEES IS RESTRICTED BY CONTRACT. FOR THE YEARS ENDED SEPTEMBER 30, 2025, LIDC RECEIVED FROM THE LONG ISLAND FISHERIES ASSISTANCE REVOLVING LOAN FUND ADMINISTRATIVE FEES OF $12,664.LONG ISLAND TARGETED INDUSTRIES REVOLVING LOAN FUND:IN 1995, LIDC ENTERED INTO AGREEMENTS WITH THE NYS URBAN DEVELOPMENT CORPORATION ("UDC"), NASSAU AND SUFFOLK COUNTIES TO CREATE THE LONG ISLAND WORKING CAPITAL LOAN FUND. THIS FUND WAS TO PROVIDE WORKING CAPITAL LOANS TO TARGETED SMALL BUSINESSES FOR DEFENSE DIVERSIFICATION, INDUSTRIAL MODERNIZATION, AND SPECIAL COMMUNITY PROJECTS. AS OF SEPTEMBER 30, 1999, LIDC HAD RECEIVED $2,000,000 IN LOAN LOSS RESERVE FUNDS FROM UDC ($1,000,000), SUFFOLK COUNTY ($500,000), AND NASSAU COUNTY ($500,000). DURING THE FISCAL YEAR 1999 THE LONG ISLAND WORKING CAPITAL LOAN FUND WAS DISSOLVED AND THE BALANCE OF THE NYS (UDC) LOAN LOSS RESERVE WAS TRANSFERRED INTO THE LONG ISLAND TARGETED INDUSTRY RLF FOR DIRECT LENDING. ELIGIBILITY FOR THE TARGETED FUND WAS EXPANDED BEYOND THE LISTED TARGETED INDUSTRIES, AND COMMUNITY DEVELOPMENT PROJECTS TO INCLUDE NON-RETAIL STATE MINORITY AND/OR WOMEN OWNED BUSINESSES CERTIFIED BY NYS AND TO INCLUDE ANY BUSINESSES LOCATED IN A NYS EMPIRE ZONE, OR THAT IS NYS EXCELSIOR CERTIFIED. LIDC RECEIVES ADMINISTRATIVE FEES, SUBJECT TO MAXIMUM LIMITS SET BY THE CONTRACTS. THE ADMINISTRATIVE FEE IS PAID FROM INTEREST AND FEES EARNED IN CONNECTION WITH THE PROGRAM. INTEREST AND FEES RECEIVED ON OUTSTANDING LOANS FOR THE YEAR ENDED SEPTEMBER 30, 2025 WAS $57,359. USE OF INTEREST, PRINCIPAL AND FEES IS RESTRICTED BY CONTRACT. FOR THE YEAR ENDED SEPTEMBER 30, 2025, LIDC RECEIVED FROM THE LONG ISLAND TARGETED INDUSTRIES REVOLVING LOAN FUND ADMINISTRATIVE FEES OF $52,731.
  Expenses $876,974 · revenue $267,281

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

IRS record

EIN

11-2556172

Tax-exempt status

501(c)(3): Charitable, religious, educational or scientific organization

Foundation status

Publicly supported organization (170(b)(1)(A)(vi))

Donations deductible (Pub 78)

Public charity, 50% deduction limit

Exempt since

1981

Accounting year ends

September

Files

Form 990 or 990-EZ

Category (NTEE)

Community improvement and capacity building (S300)

Assets (IRS master file)

$14,441,914

Income (IRS master file)

$419,874

Filing history

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2556172).

Questions about LONG ISLAND DEVELOPMENT CORPORATION

What is the EIN of LONG ISLAND DEVELOPMENT CORPORATION?

The employer identification number (EIN) of LONG ISLAND DEVELOPMENT CORPORATION is 11-2556172.

Is LONG ISLAND DEVELOPMENT CORPORATION tax-exempt?

Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.

Are donations to LONG ISLAND DEVELOPMENT CORPORATION tax-deductible?

Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).

Which annual return does LONG ISLAND DEVELOPMENT CORPORATION file?

Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.

When is the next return of LONG ISLAND DEVELOPMENT CORPORATION due?

The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.

When did LONG ISLAND DEVELOPMENT CORPORATION last file with the IRS?

The latest return in the IRS public files is the 990 for the year ended September 2025.

Who is the principal officer of LONG ISLAND DEVELOPMENT CORPORATION?

The 990 for the year ended September 30, 2025 names GINA SLATER PARKER.

Who are the officers and directors of LONG ISLAND DEVELOPMENT CORPORATION?

The 990 for the year ended September 30, 2025 lists 8 people; 1 received compensation from the organization, the highest $240,452 (GINA SLATER PARKER, PRESIDENT/CEO/BOARD MEMBER).

How much revenue does LONG ISLAND DEVELOPMENT CORPORATION have?

On its 990 for the year ended September 30, 2025 it reported revenue of $419,874, expenses of $1,213,285 and total assets of $14,441,914 at year end.

Other nonprofits in HAUPPAUGE

• LONDON & PARTNERS US LIMITED
  EIN 20-4292580 · last filed 990 for 2026
• NATIONAL ELECTRICAL CONTRACTORS ASSOC INC
  EIN 11-1595598 · last filed 990 for 2025
• MANUFACTURING CONSORTIUM OF LONG ISLAND CORP
  EIN 47-1596366 · last filed 990 for 2024
• EMPIRE STATE CARPENTERS APPRENTICESHIP R E CORP
  EIN 81-0557573 · last filed 990 for 2025
• READ 2 LEAD AFGHANISTAN CORP
  EIN 82-2398792 · last filed 990-EZ for 2024
• LONG ISLAND SMALL BUSINESS ASSISTANCE CORP
  EIN 11-3431263 · last filed 990-EZ for 2024
• KNIGHTS OF COLUMBUS
  EIN 11-2676952 · last filed 990-N for 2025
• LONG ISLAND CHAPTER OF THE SOCIETY OF FINANCIAL SERVICE PROFESSIONALS
  EIN 02-0534433 · last filed 990-N for 2024

All nonprofits in HAUPPAUGE · New York · Community improvement and capacity building