Civic Intelligence

Community Development and Disaster Relief Corporation

990EZ • Fiscal year 2021 • EIN 46-2861979

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

180 Oser Avenue Suite 800Hauppauge, NY 11788

(631) 435-4710

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.95x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • NTEE P60 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2021

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2021

Top Officer Pay

90th percentile

$0

Higher top officer pay than 90% of similar nonprofits.

2021 filings • NTEE P60 • <$500k nonprofits • Source year 2021

Asset Growth

99th percentile

500000%

Faster asset growth than 99% of similar nonprofits.

2021 filings • NTEE P60 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$5,001

Up $5,000 (+500000%) from 2020

Net Assets

Down

-$4,761

Down $25 (-0.5%) from 2020

Liabilities

Up

$9,762

Up $5,025 (+106%) from 2020

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$25

Down $374 (-94%) from 2020

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0-$100KAssets 2013: $305,107Liabilities 2013: $318,871Net Assets 2013: -$13,7642013Assets 2014: $1,889Liabilities 2014: $12,312Net Assets 2014: -$10,4232014Assets 2015: $18,753Liabilities 2015: $14,9252015Assets 2016: $145,386Liabilities 2016: $163,2292016Assets 2017: $76,269Liabilities 2017: $97,6932017Assets 2018: $57,385Liabilities 2018: $82,6842018Assets 2019: $1Liabilities 2019: $25,325Net Assets 2019: -$25,3242019Assets 2020: $1Liabilities 2020: $4,737Net Assets 2020: -$4,7362020Assets 2021: $5,001Liabilities 2021: $9,762Net Assets 2021: -$4,7612021Assets 2022: $5,001Liabilities 2022: $9,762Net Assets 2022: -$4,7612022Assets 2023: $5,001Liabilities 2023: $9,7622023Assets 2024: $164,881Liabilities 2024: $155,074Net Assets 2024: $9,8072024

Highlighted filing

2021

Assets$5,001
Liabilities$9,762
Net Assets-$4,761

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2013: $304,607Expenses 2013: $318,371Net Income 2013: -$13,7642013Revenue 2014: $107,430Expenses 2014: $104,089Net Income 2014: $3,3412014Revenue 2015: $19,811Expenses 2015: $5,560Net Income 2015: $14,2512015Revenue 2016: $126,634Expenses 2016: $148,305Net Income 2016: -$21,6712016Revenue 2017: $195,956Expenses 2017: $199,537Net Income 2017: -$3,5812017Revenue 2018: $48,726Expenses 2018: $52,601Net Income 2018: -$3,8752018Expenses 2019: $252019Revenue 2020: $20,987Expenses 2020: $399Net Income 2020: $20,5882020Expenses 2021: $252021Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $35,655Expenses 2024: $21,087Net Income 2024: $14,5682024

Highlighted filing

2021

Revenue-
Expenses$25
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Mission and Program Overview

Mission

Community development and disaster relief corporation (cddrc) was formed to promote and support, financially and administratively, community development and redevelopment programs, including disaster relief, for the construction of new single and multi-family homes, rehabilitation of existing residences and construction and rehabilitation of community buildings and related infrastructure, through cooperation with local, state and federal levels of government and private partners.

Program Services

DescriptionGrantsExpenses
IN 2020, COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), THROUGH ITS AFFILIATE, LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), PARTNERED WITH ANOTHER LOCAL NONPROFIT CORPORATION, COMMUNITY PRESERVATION CORPORATION (CPC), IN THE ADMINISTRATION OF THE NEW YORK FORWARD LOAN FUND PROGRAM (NYFLF). NYFLF IS AN ECONOMIC RECOVERY LOAN PROGRAM AIMED AT SUPPORTING NEW YORK STATE SMALL BUSINESSES, NONPROFITS AND SMALL LANDLORDS AS THEY REOPEN AFTER THE COVID-19 OUTBREAK AND NYS ON PAUSE. AS PART OF THE PROGRAM, CDDRC STAFF ASSIST SMALL LANDLORDS INTERESTED IN BORROWING FUNDS IN COMPLETING THEIR LOAN APPLICATION, RUNNING CREDIT REPORTS, AND IN COMPILING AND REVIEWING REQUIRED LOAN DOCUMENTATION ON BEHALF OF CPC.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
KEVIN S LAW ESQChairman-$0--
STEVEN F PHILBINVice Chairma-$0--
ELENA DUNDONSecretary-$0--
ANTHONY ESERNIOTreasurer-$0--
PETER J ELKOWITZ JRPresident-$0--
JAMES BRITZExec. Vice P-$0--
JILL ROSEN-NIKOLOFFCCO/General-$0--
VALERIE CANNYCFO-$0--
Filing and Contact Details

Filer

Filer Name
Community Development and Disaster
EIN
46-2861979
Phone
6314354710
Address
180 OSER AVENUE SUITE 800, HAUPPAUGE, NY 11788

Signing Officer

Name
Peter J Elkowitz Jr
Title
President
Phone
6314354710
Signed
2022-11-15
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses filing fees 25 total 25

Form 990-ez, Part II, Line 26

Due to affiliates 4,737 9,762

Form 990-ez, Part III

Community development and disaster relief corporation (cddrc) was formed to promote and support, financially and administratively, community development and redevelopment programs, including disaster relief, for the construction of new single and multi-family homes, rehabilitation of existing residences and construction and rehabilitation of community buildings and related infrastructure, through cooperation with local, state and federal levels of government and private partners.

Form 990-ez, Part III, Line 28

In 2020, community development and disaster relief corporation (cddrc), through its affiliate, long island housing partnership, inc. (lihp), partnered with another local nonprofit corporation, community preservation corporation (cpc), in the administration of the new york forward loan fund program (nyflf). Nyflf is an economic recovery loan program aimed at supporting new york state small businesses, nonprofits and small landlords as they reopen after the covid-19 outbreak and nys on pause. As part of the program, cddrc staff assist small landlords interested in borrowing funds in completing their loan application, running credit reports, and in compiling and reviewing required loan documentation on behalf of cpc.

Form 990-ez, Part IV

Officer compensation and related benefits for work done on community development and disaster relief corporation (cddrc)and work done on the following related organizations: long island housing partnership, inc. (lihp), long island partnership housing development company, inc. (liphdfc), nassau suffolk partnership housing development company, inc. (nsphdfc), long island partnership community development corporation (lipcdc), long island partnership community development corporation (lipcdc), long island partnership clt housing development fund company, inc. (lipclthdfc), and long island housing partnership community development financial institution, inc. (lihpcdfi) are paid through the main affiliate organization, lihp. Cddrc reimburses lihp for its respective portion of compensation and benefits on an annual basis, but no compensation or benefits are paid directly by cddrc to its officers.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC) WAS FORMED TO PROMOTE AND SUPPORT, FINANCIALLY AND ADMINISTRATIVELY, COMMUNITY DEVELOPMENT AND REDEVELOPMENT PROGRAMS, INCLUDING DISASTER RELIEF, FOR THE CONSTRUCTION OF NEW SINGLE AND MULTI-FAMILY HOMES, REHABILITATION OF EXISTING RESIDENCES AND CONSTRUCTION AND REHABILITATION OF COMMUNITY BUILDINGS AND RELATED INFRASTRUCTURE, THROUGH COOPERATION WITH LOCAL, STATE AND FEDERAL LEVELS OF GOVERNMENT AND PRIVATE PARTNERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES FILING FEES 25 TOTAL 25
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE TO AFFILIATES 4,737 9,762
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC) WAS FORMED TO PROMOTE AND SUPPORT, FINANCIALLY AND ADMINISTRATIVELY, COMMUNITY DEVELOPMENT AND REDEVELOPMENT PROGRAMS, INCLUDING DISASTER RELIEF, FOR THE CONSTRUCTION OF NEW SINGLE AND MULTI-FAMILY HOMES, REHABILITATION OF EXISTING RESIDENCES AND CONSTRUCTION AND REHABILITATION OF COMMUNITY BUILDINGS AND RELATED INFRASTRUCTURE, THROUGH COOPERATION WITH LOCAL, STATE AND FEDERAL LEVELS OF GOVERNMENT AND PRIVATE PARTNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN 2020, COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC), THROUGH ITS AFFILIATE, LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), PARTNERED WITH ANOTHER LOCAL NONPROFIT CORPORATION, COMMUNITY PRESERVATION CORPORATION (CPC), IN THE ADMINISTRATION OF THE NEW YORK FORWARD LOAN FUND PROGRAM (NYFLF). NYFLF IS AN ECONOMIC RECOVERY LOAN PROGRAM AIMED AT SUPPORTING NEW YORK STATE SMALL BUSINESSES, NONPROFITS AND SMALL LANDLORDS AS THEY REOPEN AFTER THE COVID-19 OUTBREAK AND NYS ON PAUSE. AS PART OF THE PROGRAM, CDDRC STAFF ASSIST SMALL LANDLORDS INTERESTED IN BORROWING FUNDS IN COMPLETING THEIR LOAN APPLICATION, RUNNING CREDIT REPORTS, AND IN COMPILING AND REVIEWING REQUIRED LOAN DOCUMENTATION ON BEHALF OF CPC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICER COMPENSATION AND RELATED BENEFITS FOR WORK DONE ON COMMUNITY DEVELOPMENT AND DISASTER RELIEF CORPORATION (CDDRC)AND WORK DONE ON THE FOLLOWING RELATED ORGANIZATIONS: LONG ISLAND HOUSING PARTNERSHIP, INC. (LIHP), LONG ISLAND PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (LIPHDFC), NASSAU SUFFOLK PARTNERSHIP HOUSING DEVELOPMENT COMPANY, INC. (NSPHDFC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), LONG ISLAND PARTNERSHIP COMMUNITY DEVELOPMENT CORPORATION (LIPCDC), LONG ISLAND PARTNERSHIP CLT HOUSING DEVELOPMENT FUND COMPANY, INC. (LIPCLTHDFC), AND LONG ISLAND HOUSING PARTNERSHIP COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, INC. (LIHPCDFI) ARE PAID THROUGH THE MAIN AFFILIATE ORGANIZATION, LIHP. CDDRC REIMBURSES LIHP FOR ITS RESPECTIVE PORTION OF COMPENSATION AND BENEFITS ON AN ANNUAL BASIS, BUT NO COMPENSATION OR BENEFITS ARE PAID DIRECTLY BY CDDRC TO ITS OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART IV
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0PETER J ELKOWITZ JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06314354710
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMUNITY DEVELOPMENT AND DISASTER
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0RELIEF CORPORATION
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ReturnHeader/ReturnTs02022-11-15T13:44:09-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PETER
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ELKOWITZ
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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