COMMONWEALTH CORNERSTONE GROUP

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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

2004

Legal Domicile

Principal Officer

WENDY GESSNER

Phone

7177801891

Tax Period

2022-07-01 to 2023-06-30

COMMONWEALTH CORNERSTONE GROUP, founded in 2004, is a mid-sized nonprofit in the Community Improvement sector that reported $33.0M in total revenue in fiscal year 2022. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32.6M, a strong 99% operating margin.

Mission

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 FACILITIES THAT PROVIDE SERVICES NOT CURRENTLY AVAILABLE TO RESIDENTS IN THOSE COMMUNITIES; AND TO FINANCE THE DEVELOPMENT OF WEALTH-CREATING SINGLE FAMILY HOMES THAT ENHANCE LOW INCOME COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $240,571 Revenue: $2,270,984

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.

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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 (2022)

Revenue Breakdown

Contributions & Grants $30,715,568

Program Service Revenue $2,270,984

Investment Income $0

Other Revenue $0

TOTAL REVENUE $32,986,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $196,405

Fundraising Expenses $0

Program Expenses $240,571

Other Expenses $236,521

TOTAL EXPENSES $432,926

Year-over-Year Comparison

	2022	2021	Change
Revenue	$32,986,552	$12,939,661	+1.5%
Expenses	$432,926	$431,938	+0.0%
Net Income	$32,553,626	$12,507,723	+1.6%

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

N/A

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

$445,830

Total Directors

$479,305

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN REISTETER	GOVERNING BOARD MEMBER - T	0.10	Director	$0	$0	$0
DONNA KREISER	GOVERNING BOARD MEMBER - T	0.10	Director	$0	$0	$0
JOHN BENDEL	GOVERNING BOARD MEMBER - T	0.10	Director	$0	$0	$0
REBECCA PEACE	GOVERNING BOARD MEMBER	0.10	Director	$0	$0	$0
ROBIN WIESSMANN	GOVERNING BOARD CHAIR	0.50	Director	$0	$102,846	$479,305
LOUISE RYND	GENERAL COUNSEL	0.10	Director	$0	$0	$0
MICHAEL STEVEN O'NEILL	CCG PROGRAM OPERATIONS DIRECTOR	2.00	Officer	$0	$15,820	$121,438
STEPHANIE WILLOW	SR. NMTC PROGRAM OFFICER	30.00	Officer	$0	$29,016	$106,095
TRACY HORETSKY	SECRETARY	2.00	Officer	$0	$12,675	$82,797
WENDY GESSNER	EXECUTIVE DIRECTOR	37.50	Officer	$0	$38,731	$135,500

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$32,986,552	$432,926	$74,422,384	$32,553,626
2022	$12,939,661	$431,938	$72,617,247	$12,507,723
2021	$2,911,771	$409,222	$23,397,344	$2,502,549
2020	$2,530,910	$939,281	$21,058,070	$1,591,629