2025-05-15T11:13:20-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2023-07-01 421637418 COMMONWEALTH CORNERSTONE GROUP COMM 7177801877 211 N FRONT ST HARRISBURG PA 171011406 WENDY GESSNER EXECUTIVE DIRECTOR 7177801891 2025-05-07 1 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2025-05-07 2023 2025-03-06 01:10:19Z WENDY GESSNER 211 N FRONT ST HARRISBURG PA 171011406 6120884 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 6 0 0 30715568 4200794 2270984 1920090 0 0 0 0 32986552 6120884 0 0 0 0 196405 45226 0 0 0 236521 406539 432926 451765 32553626 5669119 74422384 75885694 6317650 2111841 68104734 73773853 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 273935 1920090 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. 273935 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 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 427733 112196 LOUISE RYND GENERAL COUNSEL 0.10 X 0 0 0 MICHAEL STEVEN O'NEILL CCG PROGRAM OPERATIONS DIR 2.00 35.50 X 0 118809 26140 TRACY HORETSKY SECRETARY 2.00 35.50 X 0 72928 15301 WENDY GESSNER EXECUTIVE DIRECTOR 37.50 X 0 102740 39709 0 722210 193346 1 0 1 0 COHNREZNICK LLP 500 EAST PRATT STREET EAST PRATT STREET MD 21202 ACCOUNTING 177830 1 4200794 4200794 FEE INCOME 525990 1364255 1364255 INTEREST INCOME 900099 555570 555570 GAIN ON UNWIND ON INV 900099 265 265 1920090 6120884 1920090 0 0 45226 45226 179464 179464 4750 4750 177830 177830 2876 2876 5118 5118 35941 35941 FILING FEES 560 560 451765 273935 177830 0 1018120 1018120 20120473 13780787 27407 32657 53115779 60727610 11986 11977 16087 13656 112532 300887 74422384 75885694 16500 16040 6301150 2095801 6317650 2111841 X 68104734 73773853 68104734 73773853 74422384 75885694 5669119 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 48004 PAYMENT GUARANTY OBLIGATION 250000 REFUNDABLE ADVANCES 1797797 2095801 X PART X, LINE 2: FIN 48: THE SUBSIDIARIES ARE WHOLLY-OWNED BY THE ORGANIZATION AND ARE THEREFORE DISREGARDED ENTITIES FOR TAX PURPOSES. NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS AS THE ORGANIZATION 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, 2024 AND 2023. THE ORGANIZATION 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 2021 REMAIN OPEN. THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED JUNE 30, 2024. 0 0 0 0 0 0 0 0 0 ROBIN WIESSMANN GOVERNING BOARD CHAIR 0 427733 0 0 0 0 0 81625 0 30571 0 539929 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. 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