Nonprofit · EIN 39-1323500
COMMON WEALTH DEVELOPMENT INC
Tax-exempt · MADISON, WI 53703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,589,947 | $4,378,542 | $211,405 | $17,731,600 | $13,724,193 | $4,007,407 |
| December 31, 2023 | 990 | $3,480,272 | $4,059,922 | -$579,650 | $17,388,863 | $14,029,665 | $3,359,198 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,843,808
- of which government grants
- $1,569,453
- Program service revenue
- $2,692,320
- Investment income
- $67,094
- Net income from fundraising events
- -$13,969
- Net income from gaming
- $694
- Other revenue
- -$13,275
Expenses
- Grants and similar amounts paid
- $33,815
- Compensation of officers, directors and key employees
- $207,195
- Other salaries and wages
- $1,292,088
- Salaries, compensation and benefits (total)
- $1,796,464
- Professional fundraising fees
- $0
- Legal fees
- $21,088
- Accounting fees
- $92,352
- Occupancy
- $1,111,261
- Travel
- $7,468
- Depreciation
- $654,650
- Program services (functional)
- $3,327,173
- Management and general (functional)
- $1,038,211
- Fundraising (functional)
- $13,158
Balance sheet and other
- Total assets, start of year
- $17,388,863
- Total assets, end of year
- $17,731,600
- Total liabilities, end of year
- $13,724,193
- Net assets, end of year
- $4,007,407
- Land, buildings and equipment
- $14,789,480
- Net assets without donor restrictions
- $3,691,893
- Net assets with donor restrictions
- $315,514
- Gross receipts
- $4,654,367
- Employees
- 0
- Volunteers
- 58
- Year formed
- 1979
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTICE CASTANEDA | EXECUTIVE DIRECTOR Officer | 40 | $108,783 | $7,350 |
| STEFAN DAVIDSON | FINANCE DIRECTOR Officer | 40 | $83,055 | $8,007 |
| VANESSA KUETTEL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BEN LEROY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| CONNOR SABATINO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BETH WELCH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT PAOLINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUDY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOCELYN ACUNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALLISON BELL BURN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AUTUMN NEUGENT | DIRECTOR (THRU JUNE) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTICE CASTANEDA | EXECUTIVE DIRECTOR Officer | 40 | $106,456 | $8,155 |
| STEFAN DAVIDSON | FINANCE DIRECTOR Officer | 40 | $77,163 | $8,374 |
| CONNOR SABATINO | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BEN LEROY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| VANESSA KUETTEL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BETH WELCH | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT PAOLINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUDY MOORE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOCELYN ACUNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| AUTUMN NEUGENT | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1501 WILLIAMSON ST, MADISON, WI 53703-3728
- Principal officer (990 for 2024)
- JUSTICE CASTANEDA, 1501 WILLIAMSON ST, MADISON, WI 53703
- Signed the 990
- JUSTICE CASTANEDA, EXECUTIVE DIRECTOR
- Phone
- (608) 256-3527
- Website
- CWD.ORG
- Return prepared by
- WEGNER CPAS LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,976,164 · grants $5,906 · revenue $1,877,638
- 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.Expenses $1,351,009 · grants $27,909 · revenue $814,682
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-1323500
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $17,731,600
- Income (IRS master file)
- $4,654,367
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,589,947 | $4,378,542 | $17,731,600 | XML |
| 990 | December 2023 | $3,480,272 | $4,059,922 | $17,388,863 | XML |
| 990 | December 2022 | $3,797,574 | $3,734,604 | $17,793,475 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1323500).
Questions about COMMON WEALTH DEVELOPMENT INC
- What is the EIN of COMMON WEALTH DEVELOPMENT INC?
- The employer identification number (EIN) of COMMON WEALTH DEVELOPMENT INC is 39-1323500.
- Is COMMON WEALTH DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to COMMON WEALTH DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMON WEALTH DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COMMON WEALTH DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMON WEALTH DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COMMON WEALTH DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names JUSTICE CASTANEDA.
- Who are the officers and directors of COMMON WEALTH DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $108,783 (JUSTICE CASTANEDA, EXECUTIVE DIRECTOR).
- How much revenue does COMMON WEALTH DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,589,947, expenses of $4,378,542 and total assets of $17,731,600 at year end.
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All nonprofits in MADISON · Wisconsin · Community improvement and capacity building