Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1981.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
8 people listed on the 990; $240K paid to officers and key staff.
Gina Slater Parker’s $240K as President/CEO/Board Member is at the 98th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Gina Slater Parker | $240,452 | $232,673 | $221,593 | $213,263 | $267,043 | $286,930 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides loans and technical help to small businesses and nonprofits.
Questions for Long Island Development Corporation
Your first name shows with your question. Long Island Development Corporation answers here, for everyone.
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Long Island Defense Diversification Revolving Loan Fund
In 1994 lidc entered into a contract with new york state department of economic development ("nysded") to administer a $2.0 million loan fund to disburse loans to defense dependent small business manufacturers using funds provided by the economic development administration ("eda") under the U.S. Department of commerce through nysded.
Coronavirus aid, relief, and economic security act revolving loan fund:in july 2020, the department of commerce's economic development administration (eda) approved lidc's application to capitalize a $6,570,000 revolving loan fund to alleviate sudden and severe economic dislocation caused by the coronavirus (COVID-19) pandemic, to…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.8M | $2.8M |
| Land, buildings, equipmentLn 10c | $8K | $8K |
| Total assetsLn 16 | $14.8M | $14.4M |
| LiabilitiesLn 26 | $1.5M | $2.3M |
| Net assetsLn 32 | $13.3M | $12.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $267K | $254K | $13K | |
| Other salaries and wagesLn 7 | $163K | $155K | $8K | |
| Pension plan contributionsLn 8 | $69K | $66K | $3K | |
| Other employee benefitsLn 9 | $198 | $188 | $10 | |
| Payroll taxesLn 10 | $28K | $27K | $1K | |
| Legal feesLn 11b | $125 | $125 | ||
| Accounting feesLn 11c | $31K | $31K | ||
| Other fees for servicesLn 11g | $50K | $50K | ||
| Advertising and promotionLn 12 | $5K | $5K | ||
| Office expensesLn 13 | $9K | $9K | ||
| Information technologyLn 14 | $13K | $13K | $665 | |
| OccupancyLn 16 | $78K | $74K | $4K | |
| TravelLn 17 | $12K | $11K | $579 | |
| Conferences, conventions and meetingsLn 19 | $5K | $4K | $228 | |
| InterestLn 20 | $32K | $32K | ||
| InsuranceLn 23 | $7K | $6K | $332 | |
| Other expenses (24a–d)Ln 24 | $298K | $297K | $619 | |
| All other expensesLn 24e | $147K | $139K | $7K | |
| Total functional expensesLn 25 | $1.2M | $1.1M | $103K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $420K | $1.2M | −$793K | $12.2M | 990 PDF |
| FY2024 | $842K | $1.3M | −$480K | $13.3M | 990 PDF |
| FY2023 | $624K | $1.1M | −$495K | $13.8M | 990 PDF |
| FY2022 | $2.6M | $919K | $1.7M | $14.3M | 990 PDF |
| FY2021 | $6.2M | $1.5M | $4.7M | $12.7M | 990 PDF |
| FY2020 | $553K | $956K | −$404K | $7.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $419,874 revenue, 12 lines filed
Part VI · Governance 7 of 8 board members independent, 1 to look at
Part VIII · Statement of revenue $419,874 across 4 lines filed
Part IX · Statement of functional expenses $1,213,285 across 18 lines filed
Part X · Balance sheet $14,441,914 assets, 14 lines filed
Part XI · Reconciliation of net assets $12,190,518 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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