2024-03-28T23:43:54-05:00 2023-06-30 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2022-07-01 421637418 COMMONWEALTH CORNERSTONE GROUP COMM 7177801891 211 N FRONT ST HARRISBURG PA 171011406 WENDY GESSNER EXECUTIVE DIRECTOR 7177801891 2024-02-06 1 WENDY GESSNER 000000000 0 PHILIP H CORNBLATT CPA P00252478 4107834900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WENDY GESSNER 211 N FRONT ST HARRISBURG PA 171011406 32986552 0 X WWW.COMMONWEALTHCORNERSTONE.ORG X 2004 PA TO MAKE LOANS TO QUALIFIED BUSINESSES FOR THE DEVELOPMENT AND OR REHABILITATION OF REAL ESTATE, WHOSE REDEVELOPMENT IS CRITICAL FOR THE REVITALIZATION OF LOWER INCOME COMMUNITIES. 5 4 0 0 0 0 11182670 30715568 1756964 2270984 27 0 0 0 12939661 32986552 0 0 0 0 206924 196405 0 0 0 225014 236521 431938 432926 12507723 32553626 72617247 74422384 37066139 6317650 35551108 68104734 X 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 LOWER INCOME 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. 0 0 240571 2270984 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 LOWER INCOME 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. 240571 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 PA X WENDY GESSNER 7177801891 211 N FRONT ST HARRISBURG PA 171011406 DAN REISTETER GOVERNING BOARD MEMBER - T 0.10 X 0 0 0 DONNA KREISER GOVERNING BOARD MEMBER - T 0.10 X 0 0 0 JOHN BENDEL GOVERNING BOARD MEMBER - T 0.10 X 0 0 0 REBECCA PEACE GOVERNING BOARD MEMBER 0.10 X 0 0 0 ROBIN WIESSMANN GOVERNING BOARD CHAIR 0.50 37.00 X 0 376459 102846 LOUISE RYND GENERAL COUNSEL 0.10 X 0 0 0 MICHAEL STEVEN O'NEILL CCG PROGRAM OPERATIONS DIRECTOR 2.00 35.50 X 0 105618 15820 STEPHANIE WILLOW SR. NMTC PROGRAM OFFICER 30.00 7.50 X 0 77079 29016 TRACY HORETSKY SECRETARY 2.00 35.50 X 0 70122 12675 WENDY GESSNER EXECUTIVE DIRECTOR 37.50 X 0 96769 38731 0 726047 199088 2 0 1 0 COHNREZNICK LLP 500 EAST PRATT STREET EAST PRATT STREET MD 21202 ACCOUNTING 192355 1 30715568 30715568 FEE INCOME 525990 1564255 1564255 INTEREST INCOME 900099 706441 706441 GAIN ON UNWIND ON INV 900099 288 288 2270984 32986552 2270984 0 0 155706 155706 40699 40699 192355 192355 3230 3230 6506 6506 33680 33680 MEMBERSHIP DUES 750 750 432926 240571 192355 0 1018120 1018120 48249338 20120473 73270 27407 23162411 53115779 9708 11986 18281 16087 86119 112532 72617247 74422384 16500 37066139 6301150 37066139 6317650 X 35551108 68104734 35551108 68104734 72617247 74422384 32553626 0 X 0 1 X 1 0 X X X 1 PENNSYLVANIA HSNG FINANCE AGENCY 231733024 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATES 52559 PAYMENT GUARANTY OBLIGATION 250000 REFUNDABLE ADVANCES 5998591 6301150 X PART X, LINE 2: FIN 48: THE SUBSIDIARIES ARE WHOLLY-OWNED BY THE COMPANY AND ARE THEREFORE DISREGARDED ENTITIES FOR TAX PURPOSES. NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS AS THE COMPANY IS EXEMPT FROM INCOME TAXES UNDER IRC SECTION 501(C)(3) AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. THE COMPANY IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE ("IRS") AND OTHER TAXING AUTHORITIES. INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX YEARS SINCE 2020 REMAIN OPEN. THE COMPANY HAS NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2023. 0 0 0 0 0 0 0 0 0 ROBIN WIESSMANN GOVERNING BOARD CHAIR 0 376459 0 0 0 0 0 73063 0 29783 0 479305 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE CHAIR HAS THE POWER TO APPOINT ONE PRIVATE CITIZEN TO THE GOVERNING BOARD AND THE OTHER MEMBERS ARE APPROVED BY THE GOVERNING BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENTED THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY THE GOVERNING BODY. NO COMMITTEE HAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED 990 FORM IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW PRIOR TO SUBMISSION. THE BOARD MEMBERS HAVE 5 DAYS TO REVIEW AND PROVIDE COMMENTS. ANY COMMENTS ARE PROVIDED TO THE ACCOUNTANTS AND APPROPRIATE RESPONSES ARE PROVIDED BACK TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C AT EVERY MEETING, BOARD MEMBERS ARE REMINDED THAT IF THEY HAVE A CONFLICT (AS DEFINED IN OUR CONFLICT OF INTEREST POLICY) PERTAINING TO ANY VOTE, THEY MUST RECUSE THEMSELVES AND RAISE FOR INCLUSION IN THE MINUTES SUCH CONFLICT. THE POLICY IS RE-DISTRIBUTED TO BOARD MEMBERS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE FOR PUBLIC INSPECTION AT THE ORGANIZATION'S OFFICE DURING REGULAR BUSINESS HOURS UPON REQUEST. COMMONWEALTH CORNERSTONE GROUP LTD I 211 N FRONT STREET HARRISBURG PA 17101 205125952 LENDING PA CCG PENNSYLVANIA HOUSING FINANCE AGENCY 211 N FRONT STREET HARRISBURG PA 17101 231733024 AFFORDABLE HOUSING PA LINE 6 PENN HOUSING 0 CCG LTD XL 211 N FRONT STREET HARRISBURG PA 17101 463479798 LENDING PA CCG RELATED 5 884 0 1 0.00010 CCG LTD XLV 211 N FRONT STREET HARRISBURG PA 17101 813014333 LENDING PA CCG RELATED 15 948 0 1 0.00010 CCG LTD XLVI 211 N FRONT STREET HARRISBURG PA 17101 813027486 LENDING PA CCG RELATED 2 497 0 1 0.00010 CCG LTD XLVII 211 N FRONT STREET HARRISBURG PA 17101 813082861 LENDING PA CCG RELATED 17 1641 0 1 0.00010 CCG LTD XXII 211 N FRONT STREET HARRISBURG PA 17101 454228885 LENDING PA CCG RELATED 26 0 1 0.00010 CCG LTD XXIX 211 N FRONT STREET HARRISBURG PA 17101 454235753 LENDING PA CCG RELATED 12 0 1 0.00010 CCG LTD XXX 211 N FRONT STREET HARRISBURG PA 17101 454394035 LENDING PA CCG RELATED 17 0 1 0.00010 CCG LTD XXXI 211 N FRONT STREET HARRISBURG PA 17101 463370854 LENDING PA CCG RELATED 45 1075 0 1 0.00010 CCG LTD XXXIII 211 N FRONT STREET HARRISBURG PA 17101 463394120 LENDING PA CCG RELATED 9 791 0 1 0.00010 CCG LTD XXXIX 211 N FRONT STREET HARRISBURG PA 17101 463468214 LENDING PA CCG RELATED 17 739 0 1 0.00010 CCG LTD XXXV 211 N FRONT STREET HARRISBURG PA 17101 463413231 LENDING PA CCG RELATED 1 594 0 1 0.00010 CCG LTD XXXVI 211 N FRONT STREET HARRISBURG PA 17101 463426216 LENDING PA CCG RELATED 44 1478 0 1 0.00010 CCG LTD XXXVIII 211 N FRONT STREET HARRISBURG PA 17101 463461427 LENDING PA CCG RELATED 38 983 0 1 0.00010 COMMONWEALTH CORNERSTONE GROUP LTD XLI 211 N FRONT STREET HARRISBURG PA 17101 812948235 LENDING PA CCG C 12 4 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XLII 211 N FRONT STREET HARRISBURG PA 17101 812958287 LENDING PA CCG C 5 1 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XXXII 211 N FRONT STREET HARRISBURG PA 17101 463380392 LENDING PA CCG C 25 3 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XXXIV 211 N FRONT STREET HARRISBURG PA 17101 463400132 LENDING PA CCG C 6 1 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XXXVII 211 N FRONT STREET HARRISBURG PA 17101 463443367 LENDING PA CCG C 14 2 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XLIII 211 N FRONT STREET HARRISBURG PA 17101 812971029 LENDING PA CCG C 7 0.00010 0 COMMONWEALTH CORNERSTONE GROUP LTD XLIV 211 N FRONT STREET HARRISBURG PA 17101 813002672 LENDING PA CCG C 4 0.00010 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 CCG LTD XL L 79 ACCRUAL CCG LTD XXXVI L 110 ACCRUAL CCG LTD XLVI L 32500 ACCRUAL CCG LTD XXIX L 583 ACCRUAL CCG LTD XXX L 662 ACCRUAL PENNSYLVANIA HOUSING FINANCE AGENCY O 5153 ACCRUAL EASTERN TOWER INVESTMENT FUND L 10000 ACCRUAL CCG LTD XXXIV L 32500 ACCRUAL CCG LTD XXXV L 39000 ACCRUAL CCG LTD XXIX L 131552 ACCRUAL CCG LTD XXX L 135167 ACCRUAL CCG LTD XLIII L 45500 ACCRUAL CCG LTD XXXIX L 48750 ACCRUAL CCG LTD XXII L 34904 ACCRUAL CCG LTD XXXIII L 52000 ACCRUAL CCG LTD XL L 58500 ACCRUAL CCG LTD XLIV L 58500 ACCRUAL CCG LTD XLV L 61750 ACCRUAL CCG LTD XXXVIII L 65000 ACCRUAL CCG LTD XXXII L 65000 ACCRUAL CCG LTD XLI L 68250 ACCRUAL CCG LTD XXXI L 71500 ACCRUAL CCG LTD XXXVII L 78000 ACCRUAL CCG LTD XXXVI L 97500 ACCRUAL CCG LTD XLII L 97500 ACCRUAL CCG LTD XLVII L 107250 ACCRUAL PENNSYLVANIA HOUSING FINANCE AGENCY N 196405 ACCRUAL PENNSYLVANIA HOUSING FINANCE AGENCY C 30715568 ACCRUAL