2023-11-15T14:16:29-06:00 2022-12-31 221478099 COHNREZNICK LLP 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2022-01-01 113418906 CDCLI FUNDING CORPORATION CDCL 6314711215 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 ALAN HEITNER CFO 6314711215 2023-11-14 1 ALAN HEITNER 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9732283500 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X GWEN O'SHEA 1660 WALT WHITMAN ROAD 130 MELVILLE NY 11747 1526404 0 X WWW.CDCLI.ORG X 1997 NY CDCLI FUNDING CORP. OFFERS RESIDENTIAL LOAN PRODUCTS WHICH ASSIST FIRST-TIME BUYERS IN PURCHASING A HOME AND EXISTING HOMEOWNERS WITH NEEDED REPAIRS & IMPROVEMENTS. 6 5 1 5 0 0 150000 1313000 145578 213404 0 0 7844 0 303422 1526404 0 0 0 0 10749 10560 0 0 0 170003 206210 180752 216770 122670 1309634 10027474 9703857 7652965 6019714 2374509 3684143 X CDCLI FUNDING CORPORATION IS A NOT-FOR-PROFIT CORPORATION THAT IS CERTIFIED BY THE U.S. DEPARTMENT OF TREASURY AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.THE ENTITY OFFERS VARIOUS LOAN PRODUCTS TO UNDER-RESOURCED AND UNDER-FINANCED INDIVIDUALS, COMMUNITIES AND DEVELOPMENTS. 0 0 176299 213404 PROGRAM SERVICE EXPENSES INCURRED IN CONNECTION WITH OVERSEEING ALL OPERATIONAL ASPECTS OF THE CDFI. OUTREACH, EDUCATION, LOAN PROCESS, UNDERWRITING, CLOSING AND LOAN MANAGEMENT. 176299 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 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 ANNE-MARIE SCHEIDT CHAIR 1.00 2.00 X X 0 0 0 GWEN O'SHEA PRESIDENT/CEO 2.00 38.00 X X 0 327730 54329 JAMES COUGHLAN BOARD MEMBER 1.00 2.00 X 0 0 0 MARIAN CONWAY BOARD MEMBER 1.00 2.00 X 0 0 0 THERESA SANDERS VICE CHAIR 1.00 2.00 X 0 0 0 BRIAN CLARKE BOARD MEMBER 1.00 2.00 X 0 0 0 ALAN HEITNER CFO/TREASURER 2.00 38.00 X 0 206079 16464 ELSIE MEISSNER EXECUTIVE SECRETARY 2.00 38.00 X 0 96176 8785 0 629985 79578 0 0 0 0 0 275000 1038000 1313000 INTEREST ON LOANS 525990 154516 154516 LOAN SERVICE FEES 525990 58888 58888 213404 1526404 213404 0 0 8972 8972 718 718 870 870 169406 128935 40471 617 617 12988 12988 LOAN SERVICING FEES 18841 18841 BAD DEBTS 3211 3211 TAXES & LICENSES FEE 792 792 355 355 216770 176299 40471 0 1320697 509540 923959 531285 150000 75000 1228480 1310193 6339012 7213765 65326 64074 10027474 9703857 568 1038000 712610 591779 5901787 5427935 7652965 6019714 X 2224509 3509235 150000 174908 2374509 3684143 10027474 9703857 1309634 0 X 0 1 X 1 1 1 X 263000 750000 150000 1313000 2476000 263000 750000 150000 1313000 2476000 2476000 26258 45737 71288 153422 213404 510109 306 7844 8150 2994259 540875 0.82690 0.77520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2018 AMOUNT: $ 306. BAD DEBT RECOVERY - 2021 AMOUNT: $ 7,844. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO RELATED PARTY 5427573 OTHER LIABILITIES 362 5427935 X 1526404 0 1526404 0 1526404 216770 0 216770 0 216770 PART X, LINE 2: CDCLI, INC. AND AFFILIATES 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. FUNDING CORP. DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND ACCORDINGLY, HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. FUNDING CORP. 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, 2022 AND 2021, THERE WAS NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 GWEN O'SHEA PRESIDENT/CEO 0 273510 0 52209 0 2011 0 26219 0 28110 0 382059 0 0 ALAN HEITNER CFO/TREASURER 0 195385 0 10173 0 521 0 16464 0 0 0 222543 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 SRVC PROVIDER NY 501(C)(3) LINE 7 N/A 0 CDCLI HOUSING DEVELOPMENT FUND CORP 1660 WALT WHITMAN ROAD MELVILLE NY 11747 113312539 REAL ESTATE NY 501(C)(3) LINE 10 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 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0