Overview
What is Cdcli Housing Development Fund Corporation?
Cdcli Housing Development Fund Corporation, located in Melville, New York, is a nonprofit organization with a mission to provide affordable housing for low-income individuals. They currently manage 46 rental properties and actively engage in the development of additional affordable residential housing projects. The organization serves as the development affiliate of Community Development Corporation of Long Island, Inc., contributing to the community by offering housing solutions for families with modest incomes.
Official website here: www.cdcli.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89% (Three-Star out of Four Star rating).
The Cdcli Housing Development Fund Corporation has received a solid 89% rating, indicating strong performance in accountability and finance. The charity's score is derived entirely from their Accountability & Finance metrics, where they excelled in areas such as having a fully independent board and comprehensive financial oversight practices, demonstrating their commitment to transparency.
Strengths highlighted include a 100% independent board and an impressive program expense ratio of 97.06%, signifying that a vast majority of their funds are directed towards their mission-related programs. Their adherence to governance practices, including a conflict of interest policy and whistleblower policy, further reinforces their operational integrity.
However, the organization holds a liabilities to assets ratio of 59%, which is moderate and suggests that while they maintain financial health, there may be room for improvement in managing their liabilities. Overall, the charity is well-regarded for its accountability practices, but potential supporters might consider the financial ratios as part of their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Cdcli Housing Development Fund Corporation legitimate?
Cdcli Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cdcli Housing Development Fund Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cdcli.org
What is the mission statement of Cdcli Housing Development Fund Corporation?
Cdcli Housing Development Fund Corporation was established with the primary objective of providing affordable housing options for low-income individuals. As the development affiliate of Community Development Corporation of Long Island, Inc., the organization owns and manages 46 houses, currently rented to families falling into the very low to moderate income brackets. Moreover, Cdcli Housing Development Fund Corporation is actively engaged in the development of additional affordable residential housing projects. The organization's mission is aimed at addressing the housing needs of financially vulnerable individuals, contributing to a more equitable and inclusive community.
Official website here: www.cdcli.org
Who is the CEO of Cdcli Housing Development Fund Corporation?
Gwen O'Shea is the President /Ceo of Cdcli Housing Development Fund Corporation. The CEO's salary of Cdcli Housing Development Fund Corporation is $0 and their total compensation is $382,059.
Official website here: www.cdcli.org
What is the revenue of Cdcli Housing Development Fund Corporation?
Cdcli Housing Development Fund Corporation's revenue in 2022 was $1,171,934.
Official website here: www.cdcli.org
Who are the executives of Cdcli Housing Development Fund Corporation and what are their salaries?
There 13 volunteers at Cdcli Housing Development Fund Corporation.
Here are 17 key members and their salaries (Cdcli Housing Development Fund Corporation's CEO's salary is $0 and their total compensation is $382,059):
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- Compensation: $0
- Related: $206,079
- Other: $16,464
- Compensation: $0
- Related: $96,176
- Other: $8,785
- Compensation: $0
- Related: $327,730
- Other: $54,329
Official website here: www.cdcli.org
Where can I find the form 990 for Cdcli Housing Development Fund Corporation?
Cdcli Housing Development Fund Corporation'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 Cdcli Housing Development Fund Corporation
Cdcli Housing Development Fund Corporation, as the development affiliate of Community Development Corporation of Long Island, Inc., was established with a primary mission to provide affordable housing for low-income individuals. This mission is carried out in two main ways. Firstly, the organization owns and manages 46 houses that are rented to families with very low to moderate incomes. Secondly, Cdcli Housing Development Fund Corporation is actively involved in the development of affordable residential housing projects, ensuring that more individuals in need have access to suitable housing options. By focusing on affordable housing, this nonprofit organization is making a significant contribution to the well-being and stability of its community.
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Impact
July, 2024
Cdcli Housing Development Fund Corporation's impact is significant in providing affordable housing to low-income individuals. With 46 houses under its ownership, the organization plays a crucial role in accommodating very low to moderate-income families in Melville, NY. By being actively involved in the development of affordable residential housing, Cdcli Housing Development Fund Corporation addresses the pressing need for accessible housing options in the community. Through its dedication to this mission, the organization contributes to improving the quality of life for those in need of affordable housing solutions.
This information is meant to be a general summary of Cdcli Housing Development Fund Corporation. 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: $884
- Program Service Revenue: $1,171,050
- Gross Receipts: $1,171,934
Assets and Liabilities:
- Total Assets: $15,592,317
- Total Liabilities: $9,200,128
- Net Assets: $6,392,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,171,050
Organization Details
Founding Year
1995
Phone
(631) 471-1215Principal Officer
Gwen O'Shea
Main Address
1660 WALT WHITMAN ROAD 130, MELVILLE, NY, 11747
Website
www.cdcli.orgNTEE Category
Code: L82Z - Housing
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