NonprofitsCornerstone West Community Development Corporation

Housing & Shelter

Cornerstone West Community Development Corporation

WILMINGTON, DE

Total revenue

$1.3M

Total expenses

$1.6M

Net assets

$793K

Grants received

$1.3M

20 grants

EIN

510387484

Tax year

2023

Mission

Community revitalization program, home ownership, development and rental for low to moderate income families and individuals.

Programs

2 programs

Economic development - cornerstone west cdc implements programs to support existing businesses, attract new businesses, and make the west side a destination. The type of work includes small business development, technical assistance, and commercial corridor improvement strategies. Cornerstone partners with local organizations to implement successful models from the west side of wilmington, in other parts of wilmington, and in the state.

Expenses: $526KGrants: $206K

Housing - cornerstone west cdc is an affordable housing developer building housing for first-time homebuyers and rental housing for special needs populations, including youth aging out of foster care. In addition, cornerstone's housing programs include rental housing for 6 families in new castle county and a homebuyer repair program, focusing primarily on seniors to help them age in place in the west side of wilmington.

Expenses: $538KGrants: $118K

Financials

FY 2023

Revenue

Contributions & grants$1.3M
Program service revenue
Investment income
Other revenue$73K
Total revenue$1.3M

Expenses

Grants paid$345K
Salaries & benefits$672K
Fundraising
Other expenses$579K
Total expenses$1.6M
Total assets$4.6M
Net assets$793K

People

9 listed

NameRoleCompensation

SARAH LESTER

PRESIDENT & CEO

Board

$85K

40 hrs/wk

PAUL F CALISTRO JR

DIRECTOR

Board

$19K

10 hrs/wk

ALYSSA PIETROBONO

VICE CHAIRPERSON

Board

1 hrs/wk

JOSHUA J NOVAK

DIRECTOR

Board

1 hrs/wk

DAVID KIM

DIRECTOR

Board

1 hrs/wk

DA'SHON JONES

DIRECTOR

Board

1 hrs/wk

DAMALI THOMAS

DIRECTOR

Board

1 hrs/wk

ANDREW DISABATINO

DIRECTOR

Board

1 hrs/wk

JOE WESTCOTT

CHAIRPERSON

Board

1 hrs/wk

Grants received

Showing 20 of 20

FromAmountPurposeYear
$109K
PASS THROUGH FUNDING FOR PROGRAM SUPPORT AND ACTIVITIES
2024
$10K
GENERAL SUPPORT
2024
$8K
GENERAL SUPPORT
2024
$167K
TRANSFORMING COMMUNITIES INITIATIVE
2023
$76K
PASS THROUGH FUNDING FOR PROGRAM SUPPORT AND ACTIVITIES
2023
$47K
2023 WEST SIDE GROWS HEALTHY NEIGHBORHOODS + WEST SIDE PLAN UPDATE
2023
$20K
Grant to support AARP's Livable Communities initiative
2023
$213K
WEST SIDE GROWS HEALTHY NEIGHBORHOODS + REVITALIZATION PLAN UPDATE
2022
$50K
TRANSFORMING COMMUNITIES INITIATIVE
2022
$20K
GENERAL SUPPORT
2022
$17K
PROGRAM SUPPORT
2022
$150K
WESTSIDE GROWS HEALTHY NEIGHBORHOODS
2021
$138K
TRANSFORMING COMMUNITIES INITIATIVE
2021
$40K
COMMUNITY PLAYGROUND DESIGN PROJECT (COOL SPRINGS AND TILTON PARKS) AND DEVELOPMENT WITHOUT DISPLACEMENT/IMPLEMENTATION GRANT.
2020
$10K
URBAN ECO TRAIL INITIATIVE
2020
$7K
FOOD INSECURITY PROGRAM
2020
$103K
RESTRICTED SUPPORT TO THE WILMINGTON STRONG SMALL BUSINESS FUND TO SUPPORT SMALL BUSINESS FOR THE RECOVERY FROM THE IMPACT OF COVID-19, AND TO SUPPORT THE 4TH STREET VISIONARIES COMMUNITY MURAL
2019
$2K
GENERAL OPERATING SUPPORT
2018

Funded by

$1.3M from 11 funders · 20 grants · 2018–2024

Delaware Community Foundation Inc

$553K · 5 grants · 2019–2023

St Francis Hospital Inc

$362K · 4 grants · 2020–2023

West End Neighborhood House Inc

$184K · 2 grants · 2023–2024

The Blackbaud Giving Fund

$30K · 2 grants · 2022–2024

Aarp

$20K · 1 grant · 2023

Delaware Humanities Council

$17K · 1 grant · 2022

Details

EIN510387484
NTEE codeL20
Subsection03
Ruling date2000-04
Formed1999
Employees0
Volunteers150
CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo