Nonprofit · EIN 51-0387484
CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · WILMINGTON, DE 19805
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,086,063 | $1,628,509 | $1,457,554 | $5,438,740 | $3,188,529 | $2,250,211 |
| June 30, 2024 | 990 | $1,340,622 | $1,596,122 | -$255,500 | $4,649,354 | $3,856,697 | $792,657 |
| June 30, 2023 | 990 | $1,179,736 | $1,702,663 | -$522,927 | $4,648,927 | $3,600,770 | $1,048,157 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,447,254
- of which government grants
- $1,940,213
- Program service revenue
- $568,901
- Investment income
- $511
- Net rental income
- $66,472
- Other revenue
- $69,397
Expenses
- Grants and similar amounts paid
- $490,928
- Compensation of officers, directors and key employees
- $93,685
- Other salaries and wages
- $382,835
- Salaries, compensation and benefits (total)
- $582,601
- Professional fundraising fees
- $0
- Accounting fees
- $19,000
- Occupancy
- $24,047
- Travel
- $2,228
- Depreciation
- $129,230
- Program services (functional)
- $1,371,363
- Management and general (functional)
- $257,146
Balance sheet and other
- Total assets, start of year
- $4,649,354
- Total assets, end of year
- $5,438,740
- Total liabilities, end of year
- $3,188,529
- Net assets, end of year
- $2,250,211
- Land, buildings and equipment
- $3,639,898
- Net assets without donor restrictions
- $999,536
- Net assets with donor restrictions
- $1,250,675
- Gross receipts
- $3,086,063
- Employees
- 0
- Volunteers
- 120
- Year formed
- 1999
- State of legal domicile
- DE
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PAUL F CALISTRO JR | DIRECTOR Trustee or director | 10 | $8,185 | $133,336 |
| SARAH LESTER | PRESIDENT & CEO Trustee or director, Officer | 40 | $85,500 | $0 |
| JAMES BRUNSWICK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALYSSA PIETROBONO | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOSHUA J NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY INGRAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMALI THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW DISABATINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PAUL F CALISTRO JR | DIRECTOR Trustee or director | 10 | $18,528 | $115,845 |
| SARAH LESTER | PRESIDENT & CEO Trustee or director, Officer | 40 | $84,884 | $0 |
| JOE WESTCOTT | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ALYSSA PIETROBONO | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOSHUA J NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DA'SHON JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMALI THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW DISABATINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| PAUL F CALISTRO JR | DIRECTOR Trustee or director | 10 | $26,990 | $107,383 |
| SARAH LESTER | PRESIDENT & CEO Trustee or director, Officer | 40 | $81,283 | $0 |
| JOE WESTCOTT | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ALYSSA PIETROBONO | VICE CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| JOSHUA J NOVAK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID KIM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DA'SHON JONES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAMALI THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDREW DISABATINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 710 N LINCOLN ST, WILMINGTON, DE 19805-3016
- In care of
- % PAUL CALISTRO
- Principal officer (990 for 2024)
- SARAH LESTER, 710 NORTH LINCOLN STREET, WILMINGTON, DE 19805
- Signed the 990
- SARAH LESTER, PRESIDENT & CEO
- Phone
- (302) 888-5346
- Return prepared by
- WHEELER WOLFENDEN & DWARES PA
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 accomplishments
- 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.Expenses $437,591 · grants $98,999
- 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.Expenses $423,396 · grants $234,298
- 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.Expenses $510,376 · grants $157,631
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0387484
- 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
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $5,438,740
- Income (IRS master file)
- $3,086,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,086,063 | $1,628,509 | $5,438,740 | IRS |
| 990 | June 2024 | $1,340,622 | $1,596,122 | $4,649,354 | XML |
| 990 | June 2023 | $1,179,736 | $1,702,663 | $4,648,927 | XML |
| 990 | June 2022 | $1,403,158 | $1,662,471 | $4,545,055 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 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 51-0387484).
Questions about CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION is 51-0387484.
- Is CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION 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 CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names SARAH LESTER.
- Who are the officers and directors of CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 9 people; 2 received compensation from the organization, the highest $8,185 (PAUL F CALISTRO JR, DIRECTOR).
- How much revenue does CORNERSTONE WEST COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,086,063, expenses of $1,628,509 and total assets of $5,438,740 at year end.
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