Overview
What is Cornerstone West Community Development Corporation?
Cornerstone West Community Development Corporation, situated in Wilmington, Delaware, is a dedicated nonprofit organization focused on community revitalization. Their mission centers around constructing affordable housing to cater to the needs of New Castle County residents. They are actively involved in leading revitalization efforts on the west side of Wilmington, with a 10-year plan to enhance local parks and create opportunities for the city's youth. Beyond housing, Cornerstone West serves as a catalyst for community development, operating under a community revitalization program, promoting home ownership, and providing development and rental options for low to moderate-income families and individuals.
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating.
Cornerstone West Community Development Corporation has received a solid Three-Star rating, indicating a strong performance in accountability and finance. The organization achieved an impressive score of 93% in this category, reflecting a robust operational framework with independent oversight and effective financial management. The majority of its board members are independent, and the financial statements are well-audited, ensuring transparency and accountability.
In terms of community engagement and organizational culture, Cornerstone West excels with a perfect score of 100%. This indicates that the organization actively collects and utilizes feedback from the community it serves, fostering an inclusive environment that prioritizes stakeholder input in its decision-making processes.
Despite its overall strong performance, the data does not highlight any major limitations or areas for improvement, suggesting that Cornerstone West is well-positioned to continue its mission effectively. The organization's commitment to accountability, community involvement, and sound financial practices makes it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone West Community Development Corporation legitimate?
Cornerstone West Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone West Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $105,571
Professional Fundraising Fees: $0
Other Salaries and Wages: $247,865
For more financial information, click here
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
What is the mission statement of Cornerstone West Community Development Corporation?
The Cornerstone West Community Development Corporation's mission is centered around community revitalization. Their primary goal is to construct affordable housing that caters to the needs of residents in New Castle County. Additionally, the organization serves as a proactive catalyst for community enhancement. Beyond housing, Cornerstone West is actively involved in revitalization activities on the west side of Wilmington, including a 10-year plan to enhance local parks and provide opportunities for youth within the city.
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
Who is the CEO of Cornerstone West Community Development Corporation?
Sarah Lester is the Board Member of Cornerstone West Community Development Corporation. The CEO's salary of Cornerstone West Community Development Corporation is $79,196 and their total compensation is $79,196.
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
What is the revenue of Cornerstone West Community Development Corporation?
Cornerstone West Community Development Corporation's revenue in 2022 was $1,403,158.
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
Who are the executives of Cornerstone West Community Development Corporation and what are their salaries?
There 200 volunteers at Cornerstone West Community Development Corporation.
Here are 9 key members and their salaries (Cornerstone West Community Development Corporation's CEO's salary is $79,196 and their total compensation is $79,196):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $26,375
- Related: $97,744
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,196
- Related: $0
- Other: $0
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
Where can I find the form 990 for Cornerstone West Community Development Corporation?
Cornerstone West Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westsidegrows.org/cornerstone-west-cdc/
Learn more at the official website: www.westsidegrows.org/cornerstone-west-cdc/
Mission Statement of Cornerstone West Community Development Corporation
Cornerstone West Community Development Corporation, in its mission, aims to construct affordable housing that caters to the needs of the residents of New Castle County. This nonprofit organization serves as a proactive catalyst for community revitalization, striving to improve the living conditions of its constituents. Beyond housing, Cornerstone West is actively engaged in the revitalization of the West Side of Wilmington. This involves a 10-year plan to enhance area parks and create opportunities for the city's youth. The organization's work is not just limited to physical developments; it also actively contributes to community engagement and development, playing a pivotal role in the revitalization activities on the West Side of Wilmington.
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Impact
July, 2024
Cornerstone West Community Development Corporation is playing a pivotal role in leading the revitalization efforts on the West Side of Wilmington. Their focus on affordable housing initiatives for low to moderate-income families and individuals is creating a positive impact on the community. Additionally, their 10-year plan to enhance area parks and provide opportunities for youth in the city of Wilmington is instrumental in fostering community engagement and development. Through their proactive approach, Cornerstone West CDC is serving as a catalyst for community revitalization, making a tangible difference in New Castle County.
This information is meant to be a general summary of Cornerstone West Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $102,834
- Gross Receipts: $1,403,158
Assets and Liabilities:
- Total Assets: $4,545,055
- Total Liabilities: $2,973,971
- Net Assets: $1,571,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$102,834
Organization Details
Founding Year
1999
Phone
(302) 658-4171Principal Officer
Sarah Lester
Main Address
710 NORTH LINCOLN STREET, WILMINGTON, DE, 19805
NTEE Category
Code: L20 - Housing
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