CORNERSTONE WEST COMMUNITY DEV CORP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

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

CORNERSTONE WEST CDC'S MISSION IS TO BUILD AFFORDABLE HOUSING TO MEET THE NEEDS OF THE NEW CASTLE COUNTY RESIDENTS AND TO SERVE AS A PROACTIVE CATALYST FOR COMMUNITY REVITALIZATION.

Program Service Accomplishments

Program 1

Expenses: $320,807

COMMUNITY ENGAGEMENT & DEVELOPMENT - CORNERSTONE WEST CDC IS LEADING THE REVITALIZATION ACTIVITIES ON THE WEST SIDE OF WILMINGTON, INCLUDING A 10 YEAR PLAN TO IMPROVE AREA PARKS, AS WELL AS CREATE...

COMMUNITY ENGAGEMENT & DEVELOPMENT - CORNERSTONE WEST CDC IS LEADING THE REVITALIZATION ACTIVITIES ON THE WEST SIDE OF WILMINGTON, INCLUDING A 10 YEAR PLAN TO IMPROVE AREA PARKS, AS WELL AS CREATE OPPORTUNITIES FOR YOUTH WITHIN THE CITY OF WILMINGTON.

Program 2

Expenses: $525,750

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.

Program 3

Expenses: $537,613 Revenue: $0

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...

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.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

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

$84,884

Total Directors

$219,257

Key Employees

Highest Compensated

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