Cdcli Housing Development Fund Corporation

Analysis

Cdcli Housing Development Fund Corporation is a registered charity in United States, based in Melville, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Cdcli Housing Development Fund Corporation reported income of $1.4m and spending of $1.3m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $1.4m (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cdcli Housing Development Fund Corporation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Southgate Apartments Non-Profit Housing Inc ($1.4m), Cardinal Yu Pin Memorial Foundation ($1.4m) and Amherst Ridge Senior Apartments Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $14.3m against liabilities of $7.8m, net assets of $6.4m.