2023-11-15T14:32:54-06:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 112221341 COMMUNITY DEVELOPMENT CORPORATION OF LONG ISLAND INC COMM 6314711215 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 ALAN HEITNER CFO 6314711215 2023-11-14 1 ALAN HEITNER 999009999 0 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X GWEN OSHEA 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 22326657 0 X WWW.CDCLI.ORG X 1969 NY CDCLI INVESTS IN THE HOUSING AND ECONOMIC ASPIRATIONS OF INDIVIDUALS AND FAMILIES BY PROVIDING SOLUTIONS THAT FOSTER AND MAINTAIN VIBRANT, EGUITABLE, AND SUSTAINABLE COMMUNITIES. 14 14 126 14 0 0 766015 1100537 18160910 20503507 19843 18532 986717 263680 19933485 21886256 10489632 10793281 0 0 7731658 7887804 0 0 0 2094410 3568544 20315700 22249629 -382215 -363373 19901766 18775025 2700652 1935956 17201114 16839069 X CDCLI INVESTS IN THE HOUSING AND ECONOMIC ASPIRATIONS OF INDIVIDUALS AND FAMILIES BY PROVIDING SOLUTIONS THAT FOSTER AND MAINTAIN VIBRANT, EQUITABLE, AND SUSTAINABLE COMMUNITIES. 0 0 4275937 4051381 4392628 THE MAINSTREAM VOUCHER PROGRAM PROVIDES VOUCHERS FOR LOW-INCOME HOUSEHOLDS THAT INCLUDE A PERSON(S) WITH DISABILITIES. THE PROGRAM IS DESIGNED TO HELP TENANTS WITH DISABILITIES LIVE INDEPENDENTLY IN THE COMMUNITY. IN 2022, WE SERVED 319 FAMILIES UNDER THIS PROGRAM. 3479611 306795 5040959 SECTION 8 - PROVIDES RENTAL ASSISTANCE PAYMENTS TO LOW AND MODERATE INCOME FAMILIES AND TO TENANTS WHOSE LANDLORDS REHABILITATE THEIR APARTMENTS. RENTAL SUBSIDIES WERE PROVIDED FOR 8,858 HOUSEHOLDS. 4018865 2655481 4231446 WEATHERIZATION - PROVIDES GRANTS TO LOW INCOME HOUSING FAMILIES WHOSE HOMES REQUIRE WORK TO ENSURE THAT THEY ARE ENERGY EFFICIENT. 276 HOMES AND APARTMENTS RECEIVED ENERGY CONSERVATION AND OTHER IMPROVEMENTS, REDUCING ANNUAL ENERGY USE BY $125,000. 7932036 3779624 6838475 EXPENSES REPORTED ON LINES 4A THROUGH 4D REPRESENT ONLY PROGRAM SERVICE EXPENSES AND DO NOT INCLUDE ANY MANAGEMENT AND GENERAL EXPENSES REQUIRED TO SUCCESSFULLY OPERATE THE PROGRAM. 7932036 3779624 6838475 19706449 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 247 0 1 126 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X JONATHAN RECINOS 6314711215 1660 WALT WHITMAN ROAD MELVILLE NY 11747 ADRIAN FASSET BOARD MEMBER 1.00 2.00 X 0 0 0 ANN-MARIE SCHEIDT BOARD MEMBER 1.00 2.00 X 0 0 0 BRIAN CLARKE BOARD MEMBER 1.00 2.00 X 0 0 0 DAVID CALONE BOARD MEMBER 1.00 2.00 X 0 0 0 JAMES COUGHLAN CHAIR 1.00 2.00 X X 0 0 0 JAN BURMAN BOARD MEMBER 1.00 2.00 X 0 0 0 JOSEPH WILLEN BOARD MEMBER 1.00 2.00 X 0 0 0 KEITH NOVITZ BOARD MEMBER 1.00 2.00 X 0 0 0 KENNETHA PETTUS BOARD MEMBER 1.00 2.00 X 0 0 0 MARIAN CONWAY BOARD MEMBER 1.00 2.00 X 0 0 0 RASHID WALKER BOARD MEMBER 1.00 2.00 X 0 0 0 RICHARD GUARDINO BOARD MEMBER 1.00 2.00 X 0 0 0 THERESA SANDERS BOARD MEMBER 1.00 2.00 X 0 0 0 THOMAS KILLEEN BOARD MEMBER 1.00 2.00 X 0 0 0 ALAN HEITNER CFO/TREASURER 36.00 4.00 X 206079 0 16464 ELSIE MEISSNER EXECTUTIVE SECRETARY 36.00 4.00 X 96176 0 8785 GWEN O'SHEA PRESIDENT/CEO 36.00 4.00 X 327730 0 54329 NATALIE WRIGHT CSO 40.00 X 80030 0 4448 MILDRED RIVERA VICE PRESIDENT RENTAL ASSI 40.00 X 152101 0 28186 JEANMARIE BUFFET SVP OF HOUSING DEVELOPMENT AND PLANNING 40.00 X 138773 0 11094 JONATHAN RECINOS VICE PRESIDENT/CONTROLLER 40.00 X 123384 0 21440 LUCINDA DAS-MOHAN VICE PRESIDENT HUMAN RESOU 40.00 X 110563 0 4420 TADEO ASOJANO SVP OF PROGRAM, STRATEGY AND IMPACT 40.00 X 121210 0 15715 TRICIA GLEATON VICE PRESIDENT HOME OWNERSHIP CENTER 40.00 X 103268 0 16492 1459314 0 181373 10 0 1 0 LEXI CONSTRUCTION 19 CECILA ST PORT JEFFERSON STATION NEW YORK NY 11776 WAP / LIHIP CONTRACTOR 650162 LARRISSA OIL INC 130 PARKSIDE AVE MILLER PLACE NEW YORK NY 11764 WAP / LIHIP CONTRACTOR 645910 AJILON LOCKBOX DEPT CH14031 PALATINE IL 600554031 TEMP SERVICES 459512 LANHAM & ASSOCIATES 60 ALDER LANE SHIRLEY NEW YORK NY 11967 WAP / LIHIP CONTRACTOR 455237 MAXXUM CONSTRUCTION CORP 2 BARK AVE CENTRAL ISLIP NEW YORK NY 11722 WAP / LIHIP CONTRACTOR 376396 10 223633 560400 316504 1100537 PROGRAM SERVICE GRANTS 624200 6843455 6843455 HOUSING CHOICE VOUCHER 624200 4779694 4779694 HUD SECTION 8 INCLUDES PORT FEES 624200 4051381 4051381 WEATHERIZATION 624200 3115372 3115372 OTHER PROGRAM SERVICE REVENUE (OT 624200 1651835 1651835 61770 61770 20503507 16232 16232 400895 398595 2300 2300 2300 29841 223633 41806 -11965 -11965 DEVELOPER FEE 624200 120249 120249 TENANT FRAUD REC 900099 98779 98779 56617 56617 275645 21886256 20779152 0 6567 275000 275000 10518281 10518281 974328 785877 188451 5286366 4253789 1032577 318217 261344 56873 820248 673649 146599 488645 401067 87578 75280 60029 15251 30347 30347 1230813 847976 382837 56127 56127 587807 463908 123899 511833 409703 102130 107413 104039 3374 226802 196052 30750 37519 5937 31582 118372 7165 111207 SECURITY DEPOSITS EXPEN 209683 209683 DUES AND SUBSCRIPTIONS 31681 21794 9887 344867 155029 189838 22249629 19706449 2543180 0 3312616 3951287 1103265 1315480 2010866 3614743 1275000 1275000 22165 12601 159711 194007 980630 842284 75138 138346 4279333 284264 1503333 1503333 6160339 6485964 19901766 18775025 2133189 1406998 565948 95515 1515 433443 2700652 1935956 X 16753763 16554722 447351 284347 17201114 16839069 19901766 18775025 -363373 1328 0 X 0 1 X 1 1 1 X 1116466 1489308 1390471 766015 1100537 5862797 1116466 1489308 1390471 766015 1100537 5862797 163585 5699212 16610 22335 24616 17694 16232 97487 203655 316653 1722659 986717 275645 3505329 9465613 165052748 0.60210 0.58070 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 203,655. 2019 AMOUNT: $ 316,653. 2020 AMOUNT: $ 1,722,659. 2021 AMOUNT: $ 986,717. 2022 AMOUNT: $ 275,645. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 980630 842284 138346 138346 SENIOR HOUSING PROJECTS 1503333 C 1503333 CHARITIES 5534557 SECURITY DEPOSIT 107149 DUE TO RELATED PARTY 844258 6485964 OTHER LIABILITIES 433443 433443 X 23638397 1328 1750813 1752141 21886256 0 21886256 22857596 607967 607967 22249629 0 22249629 PART X, LINE 2: CDCLI, INC. AND AFFILIATES HAVE NOT TAKEN AN UNSUBSTANTIATED TAX POSITION THAT WOULD REQUIRE PROVISION OF A LIABILITY UNDER ASC 740-10, 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. CDCLI, INC. AND AFFILIATES DO NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. CDCLI, INC. AND AFFILIATES HAVE FILED INTERNAL REVENUE SERVICE (IRS) FORM 990 TAX RETURNS, AS REQUIRED, AND ALL OTHER APPLICABLE RETURNS IN JURISDICTIONS WHEN IT IS REQUIRED. FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. AS OF DECEMBER 31, 2022 AND 2021, CDCLI, INC. AND AFFILIATES WERE NOT SUBJECT TO ANY EXAMINATION BY A TAXING AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATES 1,750,813. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATES 607,967. GALA 253474 223633 29841 0 867 23461 11124 6354 253474 223633 29841 867 23461 11124 6354 41806 -11965 1 CDCLI FUNDING CORPORATION 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113418906 501(C)(3) 275000 0 RESIDENTIAL LOAN PRODUCTS FINANCING 1 MAINSTREAM HAP PAYMENT 319 4051380 WEATHERIZATION OF HOMES 276 3218071 REHABILATION OF HOMES 51 953950 DOWN PAYMENT ASSISTANCE/POST CLOSING REPAIRS 50 639634 RENT ARREARS 248 1655246 PART I, LINE 2: THE GRANT AWARDS ARE TRACKED FROM APPLICATION THROUGH RECEIPT OF FUNDS WHICH ARE THEN ALLOCATED TO THE RESPECTIVE PROGRAMS FOR WHICH THEY WERE INTENDED/REQUIRED TO BE USED IN VIA A GRANT TRACKING FORM SIGNED BY THE DEPARTMENT HEAD, GRANT ADMINISTRATOR, CFO AND CEO. THE GRANT FUNDS ARE THEN ACCOUNTED FOR WITHIN THE PROGRAM THEY WERE DESIGNATED FOR IN ACCORDANCE WITH THE GRANT AWARD/AGREEMENT. THE PROGRAM MANAGERS ARE RESPONSIBLE FOR ENSURING THAT THE GRANT FUNDS ARE EXPENDED IN ACCORDANCE WITH THE TERMS AND CONDITIONS OF THE GRANT AWARD AND FOR MAINTAINING ALL NECESSARY ELIGIBILITY DOCUMENTATION. MONTHLY STATEMENTS OF REVENUE AND EXPENDITURES ARE PROVIDED TO THE PROGRAM MANAGERS FOR THEIR REVIEW. X X X X X 0 0 0 0 0 0 0 1 0 GWEN O'SHEA PRESIDENT/CEO 273510 0 52209 0 2011 0 26219 0 28110 0 382059 0 0 0 ALAN HEITNER CFO/TREASURER 195385 0 10173 0 521 0 16464 0 0 0 222543 0 0 0 MILDRED RIVERA VICE PRESIDENT RENTAL ASSI 143706 0 7874 0 521 0 6371 0 21815 0 180287 0 0 0 PART I, LINE 7 THE BONUS FOR THE CEO IS AWARDED BASED ON THE DISCRETION OF THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE OF THE BOARD OF DIRECTORS. UPON THE RECOMMENDATION OF MANAGEMENT, THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE ANNUALLY SETS AN AGGREGATE AMOUNT OF MONEY AVAILABLE FOR ALL OTHER BONUSES. THESE BONUSES ARE AWARDED TO ELIGIBLE EMPLOYEES BASED ON A FORMALIZED EVALUATION PROCESS AND THE DISCRETION OF MANAGERS AND THE CEO. 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 FORM 990, PART VI, SECTION C, LINE 15A: THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE OF THE BOARD OF DIRECTORS OBTAIN A THIRD PARTY COMPENSATION STUDY FOR THE CEO ANNUALLY. THE CEO'S PERFORMANCE EVALUATION IS PREPARED BY THE CHAIRMAN OF THE BOARD OF DIRECTORS AND FIRST PRESENTED TO THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE WHICH IN TURN PRESENTS ITS FINDINGS AND RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS WHO APPROVE THE CEO'S SALARY, BONUS AND OTHER COMPENSATION AND INCENTIVES. FORM 990, PART VI, SECTION C, LINE 15B: THE VP OF HUMAN RESOURCES, CHIEF FINANCIAL OFFICER AND CEO PROVIDE THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE OF THE BOARD OF DIRECTORS WITH THE CURRENT AND PROJECTED SALARY, BENEFIT BONUS INFORMATION FOR ALL OF THE EMPLOYEES IN THE COMPANY WITH THE EXECUTIVE MANAGEMENT GROUP'S SALARIES BROKEN OUT SEPARATELY. THE COMPENSATION AND MANAGEMENT DEVELOPMENT COMMITTEE REVIEWS THE INFORMATION PROVIDED AND PRESENTS ITS RECOMMENDATIONS TO THE FULL BOARD OF DIRECTORS WHO APPROVE THE TOTAL SALARY, BENEFIT AND INCENTIVE COMPENSATION FOR THE COMPANY. 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. CDCLI FUNDING CORPORATION 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113418906 FINC'L INST!. NY 501(C)(3) LINE 7 CDCLI 1 CDCLI HOUSING DEVELOPMENT FUND CORP HOUSING NY 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113312539 HOUSING NY 501(C)(3) LINE 10 CDCLI 1 COPIAGUE COMMONS LLC 1000 UNIVERSITY AVENUE SUITE 500 ROCHESTER NY 14607 472078790 REAL ESTATE NY N/A 0 0 PECONIC CROSSING LLC 1000 UNIVERSITY AVENUE SUITE 500 ROCHESTER NY 14607 471866767 REAL ESTATE NY N/A 0 0 VINEYARD VIEW LLC 1000 UNIVERSITY AVENUE SUITE 500 ROCHESTER NY 14607 823259446 REAL ESTATE NY N/A 0 0 WRC-E MANAGER LLC 1001 FRANLIN AVE SUITE 300 GARDEN CITY NY 11530 820989581 REAL ESTATE NY CDCLI -1328 853710 0 1 0.50000 CARMAN PLACE HOUSING DEVELOPMENT FUND COMPANY INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 832042913 REAL ESTATE NY CDCLI C 1.00000 1 CATHEDRAL PLACE HOUSING DEVELOPMENT FUND 1660 WALT WHITMAN ROAD MELVILLE NY 11747 455611141 HOUSING NY CDCLI C 1.00000 1 CDC BAYWIND CORPORATION 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113506794 REAL ESTATE NY CDCLI C 105 1517765 1.00000 1 CDC COPIAGUE COMMONS INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 475341188 REAL ESTATE NY CDCLI C 1.00000 1 CDC NEW CASSEL INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 455600921 REAL ESTATE NY CDCLI C -14 1.00000 1 CDC PECONIC CROSSING INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 814411702 REAL ESTATE NY CDCLI C 1.00000 1 CDC PORT JEFFERSON CROSSING INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 854306811 REAL ESTATE NY CDCLI C 1.00000 1 CDC VINEYARD VIEW INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 833583469 REAL ESTATE NY CDCLI C 126541 1.00000 1 CDC WINCORAM COMMONS INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 464485492 REAL ESTATE NY CDCLI C -40 2 1.00000 1 CDC WRC-E INC 1660 WALT WHITMAN ROAD MELVILLE NY 11747 824018626 REAL ESTATE NY CDCLI C 1.00000 1 TWIN OAKS HOUSING DEVELOPMENT FUND CO 1660 WALT WHITMAN ROAD MELVILLE NY 11747 273573773 HOUSING NY CDCLI C 1.00000 1 VINEYARD VIEW HOUSING DEVELOPMENT FUND 1660 WALT WHITMAN ROAD MELVILLE NY 11747 832052511 REAL ESTATE NY CDCLI C 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 CDCLI FUNDING CORPORATION B 275000 FMV CDCLI FUNDING CORPORATION D 5427572 FMV CDCLI HOUSING DEVELOPMENT FUND D 951242 FMV CDCLI FUNDING CORPORATION O 169406 FMV