CORNERSTONE WEST COMMUNITY DEV CORP

EIN: 510387484 501(c)(3) Housing & Shelter

WILMINGTON, DE

Total Revenue
$1,340,622
Total Expenses
$1,596,122
Total Assets
$4,649,354
Net Assets
$792,657
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
DE
Principal Officer
SARAH LESTER
Phone
3028885346
Tax Period
2023-07-01 to 2024-06-30

CORNERSTONE WEST COMMUNITY DEV CORP, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

COMMUNITY REVITALIZATION PROGRAM, HOME OWNERSHIP, DEVELOPMENT AND RENTAL FOR LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,267,150
Program Service Revenue $0
Investment Income $0
Other Revenue $73,472
TOTAL REVENUE $1,340,622

Expense Breakdown

Grants Paid $345,391
Salaries & Benefits $671,563
Fundraising Expenses $0
Program Expenses $1,384,170
Other Expenses $579,168
TOTAL EXPENSES $1,596,122

Year-over-Year Comparison

2023 2022 Change
Revenue $1,340,622 $1,179,736 +0.1%
Expenses $1,596,122 $1,702,663 -0.1%
Net Income $-255,500 $-522,927 -0.5%
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

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
150

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
3
$84,884
Total Directors
9
$219,257
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH LESTER PRESIDENT & CEO 40.00
Officer Director
$84,884 $0 $84,884
JOE WESTCOTT CHAIRPERSON 1.00
Officer Director
$0 $0 $0
ALYSSA PIETROBONO VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
PAUL F CALISTRO JR DIRECTOR 10.00
Director
$18,528 $0 $134,373
JOSHUA J NOVAK DIRECTOR 1.00
Director
$0 $0 $0
DAVID KIM DIRECTOR 1.00
Director
$0 $0 $0
DA'SHON JONES DIRECTOR 1.00
Director
$0 $0 $0
DAMALI THOMAS DIRECTOR 1.00
Director
$0 $0 $0
ANDREW DISABATINO DIRECTOR 1.00
Director
$0 $0 $0
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 $1,340,622 $1,596,122 $4,649,354 $-255,500
2023 $1,179,736 $1,702,663 $4,648,927 $-522,927
2022 $1,403,158 $1,662,471 $4,545,055 $-259,313
2021 $1,532,987 $1,276,050 $3,674,412 $256,937
2020 $768,829 $733,807 $3,055,940 $35,022
2019 $358,536 $695,969 $2,912,325 $-337,433
2018 $1,000,065 $633,676 $3,653,920 $366,389
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