COMMONWEALTH CORNERSTONE GROUP
211 N FRONT ST, HARRISBURG, PA 171011406 www.commonwealthcornerstone.org

Total Revenue
$2,530,910
Total Expenses
$939,281
Net Assets
$20,540,836

Organizations Filed Purposes: THE ORGANIZATION MAKES LOANS TO QUALIFIED BUSINESSES FOR THE DEVELOPMENT AND OR REHABILITATION OF REAL ESTATE, INCLUDING MIXED USE PROPERTIES WHOSE REDEVELOPMENT IS CRITICAL FOR THE REVITALIZATION OF SMALLER COMMUNITIES; TO FINANCE COMMUNITY FACILITIES THAT PROVIDE SERVICES NOT CURRENTLY AVAILABLE TO RESIDENTS IN THOSE COMMUNITIES; AND TO FINANCE THE DEVELOPMENT OF WEALTH-CREATING SINGLE FAMILY HOMES THAT ENHANCE LOW INCOME COMMUNITIES.

TO MAKE LOANS TO QUALIFIED BUSINESSES FOR THE DEVELOPMENT AND OR REHABILITATION OF REAL ESTATE, WHOSE REDEVELOPMENT IS CRITICAL FOR THE REVITALIZATION OF SMALLER COMMUNITIES.

THE ORGANIZATION MADE LOANS TO QUALIFIED BUSINESSES FOR THE DEVELOPMENT AND OR REHABILITATION OF REAL ESTATE, INCLUDING MIXED USE PROPERTIES WHOSE REDEVELOPMENT IS CRITICAL FOR THE REVITALIZATION OF SMALLER COMMUNITIES; TO FINANCE COMMUNITY FACILITIES THAT PROVIDE SERVICES NOT CURRENTLY AVAILABLE TO RESIDENTS IN THOSE COMMUNITIES; AND TO FINANCE THE DEVELOPMENT OF WEALTH-CREATING SINGLEFAMILY HOMES THAT ENHANCE LOW INCOME COMMUNITIES. THE ORGANIZATION WAS THE RECIPIENT OF $60,000,000 OF NMTC ALLOCATION RECEIVED IN ROUND IV AND ADDITIONAL ALLOCATIONS OF $60,000,000, $28,000,000, $45,000,000, $33,000,000, $45,000,000, $80,000,000, AND $55,000,000 IN THE SIXTH, EIGHTH, TENTH, ELEVENTH, TWELFTH, THIRTEENTH, AND FIFTEENTH ROUNDS, RESPECTIVELY.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Michael Steven O'NeillPROGRAM OPERATIONS DIRECTOR2$0
Wendy GessnerEXECUTIVE DIRECTOR27.5$0
Tracy HoretskySECRETARY2$0
Charlotte FolmerEXECUTIVE DIRECTOR37.5$0
Robin WiessmannGOVERNING BOARD CHAIR0.5$0
Rebecca PeaceGOVERNING BOARD MEMBER0.01$0
John BendelGOVERNING BOARD MEMBER - T0.1$0
Donna KreiserGOVERNING BOARD MEMBER - T0.1$0
Dan ReisteterGOVERNING BOARD MEMBER - T0.1$0
Brian A HudsonGOVERNING BOARD CHAIR - TR0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202110339349300141_public.xml