Nonprofit · EIN 11-3418906
CDCLI FUNDING CORPORATION
Tax-exempt · MELVILLE, NY 11747
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $540,097 | $386,990 | $153,107 | $12,460,862 | $8,578,869 | $3,881,993 |
| December 31, 2023 | 990 | $383,331 | $338,588 | $44,743 | $9,828,456 | $6,099,570 | $3,728,886 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $297,477
- of which government grants
- $52,477
- Program service revenue
- $242,620
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $9,296
- Salaries, compensation and benefits (total)
- $10,988
- Professional fundraising fees
- $0
- Legal fees
- $409
- Program services (functional)
- $350,811
- Management and general (functional)
- $36,179
Balance sheet and other
- Total assets, start of year
- $9,828,456
- Total assets, end of year
- $12,460,862
- Total liabilities, end of year
- $8,578,869
- Net assets, end of year
- $3,881,993
- Net assets without donor restrictions
- $3,881,993
- Gross receipts
- $540,097
- Employees
- 1
- Volunteers
- 5
- Year formed
- 1997
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GWEN O'SHEA | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 | $400,444 | $43,070 |
| ALAN HEITNER | CFO/ TREASURER (UNTIL AUGUST 2024) Officer | 2 | $0 | $168,154 | $10,101 |
| ALLISON NORRIS | SECRETARY Officer | 2 | $0 | $83,281 | $12,428 |
| ANNE-MARIE SCHEIDT | BOARD MEMBER/CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN CLARKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES COUGHLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THERESA SANDERS | BOARD MEMBER/VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARIAN CONWAY | TREASURER (AS OF SEPTEMBER 2024) Officer | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GWEN O'SHEA | PRESIDENT/CEO Trustee or director, Officer | 2 | $0 | $370,074 | $48,357 |
| ALAN HEITNER | CFO/TREASURER Officer | 2 | $0 | $209,634 | $16,607 |
| ALLISON NORRIS | EXECUTIVE SECRETARY Officer | 2 | $0 | $36,661 | $3,454 |
| ANNE-MARIE SCHEIDT | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRIAN CLARKE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES COUGHLAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| THERESA SANDERS | VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1660 WALT WHITMAN RD STE 130, MELVILLE, NY 11747-3082
- In care of
- % KIMHOANG TRAN-CAO
- Principal officer (990 for 2024)
- GWEN O'SHEA, 1660 WALT WHITMAN ROAD 130, MELVILLE, NY 11747
- Signed the 990
- GWEN O'SHEA, PRESIDENT /CEO
- Phone
- (631) 471-1215
- Website
- WWW.CDCLI.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
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.
Program accomplishments
- PROGRAM SERVICE EXPENSES INCURRED IN CONNECTION WITH OVERSEEING ALL OPERATIONAL ASPECTS OF THE CDFI. OUTREACH, EDUCATION, LOAN PROCESS, UNDERWRITING, CLOSING AND LOAN MANAGEMENT.Expenses $350,811 · revenue $242,620
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 11-3418906
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P80)
- Assets (IRS master file)
- $12,460,862
- Income (IRS master file)
- $540,097
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $540,097 | $386,990 | $12,460,862 | XML |
| 990 | December 2023 | $383,331 | $338,588 | $9,828,456 | XML |
| 990 | December 2022 | $1,526,404 | $216,770 | $9,703,857 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-3418906).
Questions about CDCLI FUNDING CORPORATION
- What is the EIN of CDCLI FUNDING CORPORATION?
- The employer identification number (EIN) of CDCLI FUNDING CORPORATION is 11-3418906.
- Is CDCLI FUNDING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to CDCLI FUNDING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CDCLI FUNDING CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CDCLI FUNDING CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CDCLI FUNDING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CDCLI FUNDING CORPORATION?
- The 990 for the year ended December 31, 2024 names GWEN O'SHEA.
- Who are the officers and directors of CDCLI FUNDING CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does CDCLI FUNDING CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $540,097, expenses of $386,990 and total assets of $12,460,862 at year end.
Other nonprofits in MELVILLE
- ISLAND HARVEST LTD EIN 11-3136350 · last filed 990 for 2025
- REBUILDING TOGETHER LONG ISLAND INC EIN 11-3115730 · last filed 990 for 2025
- AYN FOUNDATION EIN 13-3692868 · last filed 990-PF for 2024
- COPE FOUNDATION INC EIN 46-5391861 · last filed 990 for 2024
- LABORERS LOCAL 66 CHARITABLE CORP EIN 20-5086884 · last filed 990-EZ for 2025
- INSPIRATION FOUNDATION EIN 20-5017052 · last filed 990-EZ for 2024
- FROM OUR FAMILY TO YOURS FOUNDATION EIN 27-1536339 · last filed 990-N for 2024
- A WELCOMED RESPITE INC EIN 45-1982604 · last filed 990-N for 2025