EIN 42-1637418

Commonwealth Cornerstone Group

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2004
Most recent tax filings
2023-06-01
Description
The organization makes loans to qualified businesses for the development and or rehabilitation of real estate, including mixed use properties whose redevelopment is critical for the revitalization of lower income communities; to finance community faci...
Total revenues
$32,986,552
2023
Total expenses
$432,926
2023
Total assets
$74,422,384
2023
Num. employees
0
2023

Program areas at Commonwealth Cornerstone Group

The organization made loans to qualified businesses for the development and or rehabilitation of real estate, including mixed use properties whose redevelopment is critical for the revitalization of lower income communities; to finance community facilities that provide services not currently available to residents in those communities; and to finance the development of wealth-creating singlefamily homes that enhance low income communities. The organization was the recipient of $60,000,000 of nmtc allocation received in round iv and additional allocations of $60,000,000, $28,000,000, $45,000,000, $33,000,000, $45,000,000, $80,000,000, and $55,000,000 in the sixth, eighth, tenth, eleventh, twelfth, thirteenth, and fifteenth rounds, respectively.

Personnel at Commonwealth Cornerstone Group

NameTitleCompensation
Wendy GessnerExecutive Director$0
Michael Steven O'NeillCCG Program Operations Director$0
Louise RyndGeneral Counsel$0
Stephanie WillowSenior NMTC Program Officer$0
Tracy HoretskySecretary$0
...and 1 more key personnel

Financials for Commonwealth Cornerstone Group

RevenuesFYE 06/2023
Total grants, contributions, etc.$30,715,568
Program services$2,270,984
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$32,986,552

Form 990s for Commonwealth Cornerstone Group

Fiscal year endingDate received by IRSFormPDF link
2023-062024-03-28990View PDF
2022-062023-01-24990View PDF
2021-062022-03-09990View PDF
2021-062022-02-01990View PDF
2020-062021-04-06990View PDF
...and 10 more Form 990s
Data update history
May 17, 2024
Updated personnel
Identified 1 new personnel
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 17, 2023
Updated personnel
Identified 1 new personnel
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
211 N Front St
Harrisburg, PA 17101
Metro area
Harrisburg-Carlisle, PA
County
Dauphin County, PA
Website URL
commonwealthcornerstone.org/ 
Phone
(717) 780-1891
IRS details
EIN
42-1637418
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2004
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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