Overview
What is Common Wealth Development Inc?
Common Wealth Development Inc, based in Madison, Wisconsin, is a nonprofit organization dedicated to supporting and preserving the vitality of neighborhoods in the Madison metropolitan area. They achieve this mission by providing affordable rental housing opportunities to low and moderate-income households. The organization manages a total of 160 apartments, with 100 located in the Williamson-Marquette neighborhood on Madison's east side and 60 in the Meadowood neighborhood on the southwest side. Additionally, Common Wealth Development Inc also administers 20 units of affordable home ownership. Their approach is centered on racial equity and community-level health improvement, aiming to improve the housing and business climate of their neighborhoods through a people-first approach.
Official website here: www.cwd.org
Is Common Wealth Development Inc legitimate?
Common Wealth Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Common Wealth Development Inc 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.
Here are some key statistics you may want to consider:
Executive Compensation: $198,155
Professional Fundraising Fees: $0
Other Salaries and Wages: $969,189
For more financial information, click here
Official website here: www.cwd.org
What is the mission statement of Common Wealth Development Inc?
Commonwealth Development Inc's mission is centered around supporting and preserving the vitality of neighborhoods. Their work serves as a foundation for community and economic development. They carry out projects aimed at improving the housing and business climate in these neighborhoods, employing a people-first approach that prioritizes racial equity and community-level health improvement. Their mission is to create a positive impact on the community, focusing on enhancing the living conditions and economic opportunities for its residents.
Official website here: www.cwd.org
Who is the CEO of Common Wealth Development Inc?
Justice Castaneda is the President of Common Wealth Development Inc.
Official website here: www.cwd.org
What is the revenue of Common Wealth Development Inc?
Who are the executives of Common Wealth Development Inc and what are their salaries?
- Justice Castaneda (Executive Director)
- Stefan Davidson (Finance Director)
- Connor Sabatino (President) [Trustee/Director]
- Leslie Freehill (Vice President) [Trustee/Director]
- Beth Welch (Secretary) [Trustee/Director]
- Vanessa Kuettel (Treasurer) [Trustee/Director]
- Autumn Neugent (Director)
- Robert Paolino (Director)
- Rudy Moore (Director)
- Shaya Schreiber (Director (Thru January))
- Ben Leroy (Director)
Official website here: www.cwd.org
Where can I find the form 990 for Common Wealth Development Inc?
The Common Wealth Development Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.cwd.org
Learn more at the official website: www.cwd.org
Mission Statement of Common Wealth Development Inc
Common Wealth Development Inc is dedicated to supporting and preserving the vitality of neighborhoods in their local metropolitan area. Their mission is twofold: firstly, they serve as the foundation for healthy community and economic development. Secondly, their projects aim to enhance the housing and business climate of these neighborhoods through a people-first approach that prioritizes racial equity and community-level health improvement. Their work is centered around improving the living conditions and opportunities for the people in these neighborhoods, ultimately contributing to a stronger and more vibrant community.
Impact
This information is meant to be a general summary of Common Wealth Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Common Wealth Development Inc's impact is evident in its support and preservation of the vitality of neighborhoods in the Madison metropolitan area. By providing affordable rental housing opportunities to low and moderate-income households through the ownership and management of 160 apartments, including units scattered throughout the Williamson-Marquette and Meadowood neighborhoods, as well as administering 20 units of affordable homeownership, Common Wealth Development Inc is actively contributing to improving the housing and business climate of these neighborhoods. Their people-first approach, centered on racial equity and community-level health improvement, serves as the foundational bedrock of healthy community and economic development, ultimately enhancing the overall well-being of the residents and fostering community improvement.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,492,503
ECONOMIC DEVELOPMENT R
Revenue
$63,862
HOUSING REVENUE
Revenue
$10,723
Organization Details
Founding Year
1979
Phone
(608) 256-3527
Principal Officer
Justice Castaneda
Main Address
1501 WILLIAMSON ST, MADISON, WI, 537033728
Website
www.cwd.org
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Common Wealth Development Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.