COMMON WEALTH DEVELOPMENT INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

JUSTICE CASTANEDA

Phone

6082563527

Tax Period

2024-01-01 to 2024-12-31

COMMON WEALTH DEVELOPMENT INC, founded in 1979, is a community nonprofit in the Community Improvement sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 5% surplus.

Mission

COMMON WEALTH DEVELOPMENT, INC. (CWD) SUPPORTS AND PRESERVES THE VITALITY OF NEIGHBORHOODS IN THE MADISON METROPOLITAN AREA. OUR WORK SERVES AS THE FOUNDATIONAL BEDROCK OF HEALTHY COMMUNITY AND ECONOMIC DEVELOPMENT, WITH PROJECTS AIMED AT IMPROVING THE HOUSING AND BUSINESS CLIMATE OF OUR NEIGHBORHOODS THROUGH A PEOPLE-FIRST APPROACH CENTERED ON RACIAL JUSTICE AND COMMUNITY LEVEL HEALTH IMPROVEMENT.

Program Service Accomplishments

Program 1

Expenses: $1,976,164 Revenue: $1,877,638

HOUSING PROVIDES SAFE, STABLE AND HEALTHY HOUSING OPPORTUNITIES FOR RENTERS AND ASPIRING HOMEOWNERS. CWD OWNS AND MANAGES 160 UNITS OF AFFORDABLE RENTAL HOUSING, INCLUDING THE 60-UNIT YAHARA RIVER...

HOUSING PROVIDES SAFE, STABLE AND HEALTHY HOUSING OPPORTUNITIES FOR RENTERS AND ASPIRING HOMEOWNERS. CWD OWNS AND MANAGES 160 UNITS OF AFFORDABLE RENTAL HOUSING, INCLUDING THE 60-UNIT YAHARA RIVER VIEW APARTMENT BUILDING. ADDITIONALLY, CWD ADMINISTERS AN AFFORDABLE HOME OWNERSHIP PROGRAM OF 20 UNITS.

Program 2

Expenses: $1,351,009 Revenue: $814,682

ECONOMIC DEVELOPMENT CONSISTS OF ADULT AND YOUTH WORKFORCE DEVELOPMENT AND MANAGEMENT OF TWO BUSINESS INCUBATORS. CWD MANAGES A 42,000 SQUARE FOOT BUSINESS INCUBATOR PROVIDING SMALL BUSINESS...

ECONOMIC DEVELOPMENT CONSISTS OF ADULT AND YOUTH WORKFORCE DEVELOPMENT AND MANAGEMENT OF TWO BUSINESS INCUBATORS. CWD MANAGES A 42,000 SQUARE FOOT BUSINESS INCUBATOR PROVIDING SMALL BUSINESS TECHNICAL ASSISTANCE AND REFERRALS, A 50,000 SQUARE FOOT LIGHT INDUSTRIAL BUILDING AND A COMMUNITY BASED EMPLOYMENT TRAINING AND PLACEMENT PROGRAM WITH CASE MANAGEMENT SUPPORT. THE YOUTH AND ADULT WORKFORCE DEVELOPMENT PROGRAMS COACH PARTICIPANTS IN FINANCIAL FLUENCY, JOB READINESS AND ENTREPRENEURIAL LEADERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,843,808

Program Service Revenue $2,692,320

Investment Income $67,094

Other Revenue $-13,275

TOTAL REVENUE $4,589,947

Expense Breakdown

Grants Paid $33,815

Salaries & Benefits $1,796,464

Fundraising Expenses $13,158

Program Expenses $3,327,173

Other Expenses $2,548,263

TOTAL EXPENSES $4,378,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,589,947	$3,480,272	+0.3%
Expenses	$4,378,542	$4,059,922	+0.1%
Net Income	$211,405	$-579,650	-1.4%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$207,195

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VANESSA KUETTEL	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN LEROY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CONNOR SABATINO	TREASURER	1.00	Officer Director	$0	$0	$0
BETH WELCH	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT PAOLINO	DIRECTOR	1.00	Director	$0	$0	$0
RUDY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JOCELYN ACUNA	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON BELL BURN	DIRECTOR	1.00	Director	$0	$0	$0
AUTUMN NEUGENT	DIRECTOR (THRU JUNE)	1.00	Director	$0	$0	$0
JUSTICE CASTANEDA	EXECUTIVE DIRECTOR	40.00	Officer	$108,783	$7,350	$116,133
STEFAN DAVIDSON	FINANCE DIRECTOR	40.00	Officer	$83,055	$8,007	$91,062

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,589,947	$4,378,542	$17,731,600	$211,405
2023	$3,480,272	$4,059,922	$17,388,863	$-579,650
2022	$3,797,574	$3,734,604	$17,793,475	$62,970
2021	$3,774,568	$3,624,354	$16,900,042	$150,214
2020	$2,999,679	$3,262,951	$15,468,042	$-263,272
2019	$3,111,196	$3,499,470	$14,914,253	$-388,274
2018	$2,617,325	$2,466,247	$15,442,302	$151,078