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EIN 11-3418906

Cdcli Funding Corporation

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Melville
State
New York
Year formed
1997
Most recent tax filings
2023-12-01
NTEE code, primary
P80: Services to Promote the Independence of Specific Population Groups
Description
Cdcli Funding Corporation empowers first-time homebuyers and existing homeowners by offering residential loan products for purchasing homes and making necessary repairs. This not-for-profit corporation, certified by the U.S. Department of Treasury as a Community Development Financial Institution, serves under-resourced individuals and communities. It cultivates economic stability through outreach, education, and comprehensive loan management to drive successful housing solutions.
Related structure
Cdcli Funding Corporation is a subordinate organization under Community Development Corporation of Long Island (CDCLI).
Total revenues
$383,331
2023
Total expenses
$338,588
2023
Total assets
$9,828,456
2023
Num. employees
1
2023

Program areas at Cdcli Funding Corporation

Program service expenses incurred in connection with overseeing all operational aspects of the cdfi. Outreach, education, loan process, underwriting, closing and loan management.

Who funds Cdcli Funding Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Development Corporation of Long Island (CDCLI)Residential Loan Products Financing$185,000

Personnel at Cdcli Funding Corporation

NameTitleCompensation
Gwen O'SheaPresident and Chief Executive Officer$0
Alan C. HeitnerChief Financial Officer$0
Natalie WrightChief Strategy Officer
Heather CarrollSenior Vice President of People and Culture
Lucinda Das-MohanVice President of Human Resources
...and 9 more key personnel

Financials for Cdcli Funding Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$185,000
Program services$198,331
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$383,331

Form 990s for Cdcli Funding Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-02-22990View PDF
...and 11 more Form 990s

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Simple Needs GAMarietta, GA$422,355
Honor Flight MaineBrunswick, ME$424,445
Impact IndonesiaFayetteville, GA$801,230
MT St Joseph AssociationHoffman Estates, IL$241,484
Bacaanda FoundationTownshend, VT$350,144
Headwaters for HeroesHarper, TX$588,558
Children of Deaf AdultsFremont, CA$275,428
Data update history
January 5, 2025
Received grants
Identified 1 new grant, including a grant for $185,000 from Community Development Corporation of Long Island (CDCLI)
November 8, 2024
Updated personnel
Identified 2 new personnel
May 2, 2024
Updated personnel
Identified 4 new personnel
January 7, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $275,000 from Community Development Corporation of Long Island (CDCLI)
Nonprofit Types
Human service organizationsChapter / child organizationsCharities
Issues
Human services
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
1660 Walt Whitman Rd 130
Melville, NY 11747
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Suffolk County, NY
Website URL
cdli.org/ 
Phone
(631) 471-1215
IRS details
EIN
11-3418906
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1997
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P80: Services to Promote the Independence of Specific Population Groups
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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