2025-10-24T15:04:22-05:00 2024-12-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2024-01-01 391323500 COMMON WEALTH DEVELOPMENT INC COMM 6082563527 1501 WILLIAMSON ST MADISON WI 53703 JUSTICE CASTANEDA EXECUTIVE DIRECTOR 6082563527 2025-10-23 1 0 MIKE HABLEWITZ CPA P01259157 6082744020 2025-10-23 2024 2025-03-06 01:10:19Z JUSTICE CASTANEDA 1501 WILLIAMSON ST MADISON WI 53703 4654367 0 X CWD.ORG X 1979 WI TO SUPPORT AND PRESERVE THE VITALITY OF NEIGHBORHOODS IN THE MADISON METROPOLITAN AREA. 8 8 0 58 0 0 854697 1843808 2598928 2692320 17049 67094 9598 -13275 3480272 4589947 15272 33815 0 0 1449221 1796464 0 0 13158 2595429 2548263 4059922 4378542 -579650 211405 17388863 17731600 14029665 13724193 3359198 4007407 X 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. 0 1 1976164 5906 1877638 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. 1351009 27909 814682 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. 3327173 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 X 33 1 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WI X JUSTICE CASTANEDA 6086207745 1501 WILLIAMSON ST MADISON WI 53703 VANESSA KUETTEL PRESIDENT 1.00 X X 0 0 0 BEN LEROY VICE PRESIDENT 1.00 X X 0 0 0 CONNOR SABATINO TREASURER 1.00 X X 0 0 0 BETH WELCH SECRETARY 1.00 X X 0 0 0 ROBERT PAOLINO DIRECTOR 1.00 X 0 0 0 RUDY MOORE DIRECTOR 1.00 X 0 0 0 JOCELYN ACUNA DIRECTOR 1.00 X 0 0 0 ALLISON BELL BURN DIRECTOR 1.00 X 0 0 0 AUTUMN NEUGENT DIRECTOR (THRU JUNE) 1.00 X 0 0 0 JUSTICE CASTANEDA EXECUTIVE DIRECTOR 40.00 X 108783 0 7350 STEFAN DAVIDSON FINANCE DIRECTOR 40.00 X 83055 0 8007 191838 0 15357 1 0 0 0 TC CARPET CARE 231 N FAIR OAKS AVE MADISON WI 53714 CUSTODIAL SERVICES 109649 1 5810 42982 1569453 225563 1843808 RENTAL INCOME 531110 2537772 2537772 HOUSING REVENUE 624200 132566 132566 ECONOMIC DEVELOPMENT REVENUE 624100 21982 21982 2692320 67094 67094 49595 42982 63564 -13969 -13969 1550 856 694 694 4589947 2692320 0 53819 33815 33815 207195 207195 1292088 977809 303480 10799 13886 9056 4730 100 172796 112695 58856 1245 110499 72066 37637 796 21088 21088 92352 92352 50348 3298 47050 26632 8704 17928 92988 49970 42800 218 97188 31734 65454 1111261 1071380 39881 7468 2441 5027 9240 3020 6220 299483 299483 654650 628112 26538 10007 10007 CREDIT LOSS 34065 34065 DUES AND SUBSCRIPTIONS 1643 537 1106 39850 23053 16797 4378542 3327173 1038211 13158 437056 1023346 407487 251601 558175 385257 121287 64834 55889 37908 22187835 7398355 14678993 14789480 135419 135419 994557 1043755 17388863 17731600 325502 302631 185790 147838 7238205 7004133 6280168 6269591 14029665 13724193 X 2844038 3691893 515160 315514 3359198 4007407 17388863 17731600 X 211405 436804 X 0 1 X 1 1 1 X 845588 1392837 1209664 854697 1843808 6146594 845588 1392837 1209664 854697 1843808 6146594 711132 5435462 2279 1215 2480 17049 67094 90117 6236711 12611875 0.87150 0.87280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 19850 1796 206 21440 18187 1849 186 19850 19952 -1579 186 18187 18115 3279 1256 186 19952 16899 1380 164 18115 1.00000 0.00000 0.00000 1 0 2688492 2688492 17203856 6640749 10563107 522377 511952 10425 205929 173409 32520 1567181 72245 1494936 14789480 SECURITY DEPOSITS 184257 REPLACEMENT RESERVES 443674 CDBG CAPITAL COST RESERVES 394384 BENEFICIAL INTEREST IN ASSETS HELD BY MADISON COMMUNITY FOUNDATION 21440 1043755 SECURITY DEPOSITS 184257 CITY OF MADISON COMMUNITY DEVELOPMENT DIVISION (CDD) LOANS 6085334 6269591 PART V, LINE 4: THE INCOME FROM THE ENDOWMENT FUNDS CAN BE USED TO SUPPORT THE ORGANIZATION'S GENERAL ACTIVITIES. WILLY STREET FESTIVAL 62518 21233 41285 13216 6694 9700 11732 GOLF TOURNAMENT 30059 21749 8310 5811 1631 14780 92577 42982 49595 19027 8325 9700 26512 63564 -13969 1 WAGE SUBSIDY 78 16891 TRANSPORTATION ASSISTANCE FOR INDIVIDUALS PARTICIPATING IN OUR WORK TRAINING PROGRAMS 85 4763 FAIR MARKET VALUE BUS PASSES, GAS CARDS, AND TAXI RIDES RENT ASSISTANCE 3 3870 PROGRAM SUPPLIES 35 8291 FAIR MARKET VALUE CHROMEBOOKS PART I, LINE 2: PARTICIPANT ASSISTANCE IS GIVEN IN THE FORM OF EXPENDITURE CARDS THAT CAN ONLY BE USED FOR THE INTENDED PURPOSE, GAS, FOOD, TRANSPORTATION, OR ACTUAL ITEMS SUCH AS UNIFORMS AND TOOLS. FORM 990, PART III, LINE 3 THE ORGANIZATION CEASED THE HEALTH EQUITY PROGRAM. FORM 990, PART V, LINE 2A: COMMON WEALTH DEVELOPMENT, INC. LEASES EMPLOYEES FROM A PROFESSIONAL EMPLOYMENT ORGANIZATION, VENSUREHR. THE EMPLOYEES ARE CONSIDERED COMMON LAW EMPLOYEES OF COMMON WEALTH DEVELOPMENT, INC., HOWEVER, VENSUREHR IS THE EMPLOYER OF RECORD AND EMPLOYEES GET THEIR W2S FROM VENSUREHR. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS REVIEWED AND APPROVED BY THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL MEMBERS OF THE GOVERNING BODY COMPLETE AND SIGN A FORM DISCLOSING ALL POTENTIAL CONFLICTS OF INTEREST. THE DISCLOSURE FORMS ARE REVIEWED BY THE GOVERNING BODY. THE SIGNED FORMS ARE KEPT AT THE ORGANIZATION'S ADMINISTRATIVE OFFICE. AN INDIVIDUAL WITH A POTENTIAL CONFLICT OF INTEREST MAY NOT BE PRESENT AT THE MEETINGS WHERE THE GOVERNING BODY'S DELIBERATIONS AND DECISIONS ON THE POTENTIAL CONFLICT OF INTEREST TAKE PLACE. FORM 990, PART VI, SECTION B, LINE 15 A COMMITTEE OF THE GOVERNING BODY CONDUCTS AN ANNUAL PERFORMANCE REVIEW OF THE MANAGEMENT TEAM, REVIEWS COMPENSATION FOR COMPARABLE POSITIONS, AND RECOMMENDS A COMPENSATION AMOUNT THAT IS SUBMITTED TO THE ENTIRE GOVERNING BODY FOR APPROVAL AS PART OF THE ANNUAL BUDGETING PROCESS. THE PROCESS IS UNDERTAKEN ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MADE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: GAIN ON SHARED APPRECIATION 436,804. CW GENERAL PARTNER LLC 1501 WILLIAMSON ST MADISON WI 53703 ASSIST WITH CONSTRUCTION OF APARTMENT DEVELOPMENTS WI 0 100 COMMON WEALTH DEVELOPMENT INC YAHARA RIVER APARTMENTS LIMITED PARTNERS 1501 WILLIAMSON ST MADISON WI 53703 611423201 AFFORDABLE HOUSING WI 724266 5544581 COMMON WEALTH DEVELOPMENT INC