Overview
What is Community Development Corporation Of Long Island Inc?
Community Development Corporation of Long Island Inc, based in Melville, New York, is a nonprofit organization dedicated to enhancing the lives of individuals and families through housing and economic solutions. With a mission to foster and maintain vibrant, equitable, and sustainable communities, they serve as a vital resource for low-income households, including those with disabled members. In particular, their Mainstream Voucher Program provides vouchers to help tenants with disabilities live independently in the community. In 2022, the organization assisted 319 families under this program. With a workforce of 126 employees, CDCLI's comprehensive approach to community development continues to make a significant impact.
Official website here: www.cdcli.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
The Community Development Corporation of Long Island Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in the Accountability & Finance category. This high score indicates a robust management structure and effective financial practices, which are essential for nonprofit organizations. The rating is based entirely on their accountability and financial metrics, showcasing a commitment to transparency and responsible stewardship of resources.
One of the organization's notable strengths is its independent board, which is composed entirely of independent members, ensuring unbiased governance. They have also excelled in financial oversight, as evidenced by their high scores in areas such as audit and oversight committee effectiveness, conflict of interest policies, and the absence of material asset diversion. With a program expense ratio of 87.67%, the organization demonstrates a strong focus on utilizing its funds for programmatic purposes rather than administrative costs.
Despite these strengths, it is essential to recognize that the rating reflects only one aspect of the organization. While financial accountability is crucial, potential donors may also want to consider other factors such as program impact, community feedback, and long-term sustainability when evaluating the overall effectiveness of the Community Development Corporation of Long Island Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Community Development Corporation Of Long Island Inc legitimate?
Community Development Corporation Of Long Island Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Development Corporation Of Long Island Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $974,328
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,286,366
For more financial information, click here
Official website here: www.cdcli.org
What is the mission statement of Community Development Corporation Of Long Island Inc?
The Community Development Corporation of Long Island (CDCLI) is dedicated to investing in the housing and economic aspirations of individuals and families. Their mission is to foster and maintain vibrant, equitable, and sustainable communities by providing solutions. Through various programs, CDCLI empowers individuals and families to reach their full potential. One such initiative is the Mainstream Voucher Program, which assists low-income households, including those with disabilities, in living independently. In 2022, this program served 319 families. CDCLI's efforts aim to create thriving communities that provide equal opportunities for all.
Official website here: www.cdcli.org
Who is the CEO of Community Development Corporation Of Long Island Inc?
Gwen Oshea is the Principal Officer of Community Development Corporation Of Long Island Inc. The CEO's salary of Community Development Corporation Of Long Island Inc is $327,730 and their total compensation is $382,059.
Official website here: www.cdcli.org
What is the revenue of Community Development Corporation Of Long Island Inc?
Community Development Corporation Of Long Island Inc's revenue in 2022 was $21,886,256.
Official website here: www.cdcli.org
Who are the executives of Community Development Corporation Of Long Island Inc and what are their salaries?
The average compensation at Community Development Corporation Of Long Island Inc during 2022 was $49,688. There are 126 employees and 14 volunteers at Community Development Corporation Of Long Island Inc.
Here are 24 key members and their salaries (Community Development Corporation Of Long Island Inc's CEO's salary is $327,730 and their total compensation is $382,059):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $206,079
- Related: $0
- Other: $16,464
- Compensation: $96,176
- Related: $0
- Other: $8,785
- Compensation: $327,730
- Related: $0
- Other: $54,329
- Compensation: $80,030
- Related: $0
- Other: $4,448
- Compensation: $152,101
- Related: $0
- Other: $28,186
- Compensation: $138,773
- Related: $0
- Other: $11,094
- Compensation: $123,384
- Related: $0
- Other: $21,440
- Compensation: $110,563
- Related: $0
- Other: $4,420
- Compensation: $121,210
- Related: $0
- Other: $15,715
- Compensation: $103,268
- Related: $0
- Other: $16,492
Official website here: www.cdcli.org
Where can I find the form 990 for Community Development Corporation Of Long Island Inc?
Community Development Corporation Of Long Island Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cdcli.org
Learn more at the official website: www.cdcli.org
Mission Statement of Community Development Corporation Of Long Island Inc
Community Development Corporation of Long Island, or CDCLI, is a forward-thinking organization that invests in the housing and economic aspirations of individuals and families. Through innovative solutions, CDCLI fosters and maintains vibrant, equitable, and sustainable communities.
CDCLI's mission is twofold. Firstly, it aims to provide housing opportunities for low-income households, including those with individuals with disabilities. The Mainstream Voucher Program, a key initiative, offers vouchers that enable tenants with disabilities to live independently in their communities. In 2022, CDCLI served 319 families under this program. This empowering initiative not only improves the living conditions of these families but also contributes to their overall well-being and self-sufficiency.
Secondly, CDCLI plays a vital role in promoting economic development, ensuring equitable access to opportunities for all. By implementing sustainable community-building strategies, CDCLI creates an environment that fosters growth and prosperity for its residents. This inclusive approach to community development aligns with CDCLI's commitment to investing in the long-term success of the individuals and families it serves.
In essence, Community Development Corporation of Long Island is more than just an organization; it is a beacon of hope and opportunity for those in need of housing and economic assistance. Through its compassionate, people-centered approach, CDCLI is making a significant impact on the lives of countless individuals and families, ultimately contributing to stronger, more resilient, and equitable communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Community Development Corporation of Long Island Inc significantly enhances the quality of life for individuals and families by addressing their housing and economic needs. Through innovative solutions and targeted programs, CDCLI plays a crucial role in fostering vibrant, equitable, and sustainable communities.
One of their key initiatives is the Mainstream Voucher Program, which provides essential support to low-income households that include individuals with disabilities. By offering housing vouchers, CDCLI empowers these families to secure stable and independent living situations within their communities. In 2022 alone, they served 319 families, directly impacting their ability to live autonomously while contributing to the overall well-being of the community.
CDCLI's commitment to investing in the aspirations of individuals and families helps create an environment where everyone has the opportunity to thrive, reflecting their dedication to community improvement and resilience. This comprehensive approach ensures that the communities they serve are not only sustainable but also inclusive and supportive for all residents.
This information is meant to be a general summary of Community Development Corporation Of Long Island Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $18,532
- Program Service Revenue: $20,503,507
- Gross Receipts: $22,326,657
Assets and Liabilities:
- Total Assets: $18,775,025
- Total Liabilities: $1,935,956
- Net Assets: $16,839,069
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE GRANTS
Revenue
$6,843,455
HOUSING CHOICE VOUCHER
Revenue
$4,779,694
HUD SECTION 8 INCLUDES PORT FEES
Revenue
$4,051,381
WEATHERIZATION
Revenue
$3,115,372
OTHER PROGRAM SERVICE REVENUE (OT
Revenue
$1,651,835
Organization Details
Founding Year
1969
Phone
(631) 471-1215Principal Officer
Gwen Oshea
Main Address
1660 WALT WHITMAN ROAD 130, MELVILLE, NY, 11747
Website
www.cdcli.orgNTEE Category
Code: S200 - Community improvement
If you are a representative of Community Development Corporation Of Long Island Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.