Public Charity

COMMON WEALTH DEVELOPMENT INC

COMMON WEALTH DEVELOPMENT INC is a Public Charity headquartered in MADISON, WI. Financial data from the 2024 filing: $4.6M revenue, $4.4M expenses, $17.7M total assets. 20 publicly reported grants to this organization, totaling roughly $304K, appear in IRS filings.

EIN: 391323500 MADISON, WI Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$4.6M
Total Expenses$4.4M
Total Assets$17.7M
Grant Records20
Funding Total$304K
Filing Years2020–2024

Mission

COMMON WEALTH DEVELOPMENT, INC. (CWD) SUPPORTS AND PRESERVES THE VITALITY OF NEIGHBORHOODS IN THE MADISON METROPOLITAN AREA. OUR WORK SERVES AS THE FOUNDATIONAL BEDROCK OF HEALTHY COMMUNITY AND ECONOMIC DEVELOPMENT, WITH PROJECTS AIMED AT IMPROVING THE HOUSING AND BUSINESS CLIMATE OF OUR NEIGHBORHOODS THROUGH A PEOPLE-FIRST APPROACH CENTERED ON RACIAL JUSTICE AND COMMUNITY LEVEL HEALTH IMPROVEMENT.

Where $100 goes at Common Wealth Development Inc

How Common Wealth Development Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$82 Programs the work itself
$17 Management running the organization
$1 Fundraising raising the next dollar

Inside the $82 for programs

$49
Housing provides safe, stable and healthy housing opportunities for renters and aspiring homeowners
59% of program spending · Reported in the filing: 160 units of affordable; 20 units
$33
Economic development consists of adult and youth workforce development and management of two business incubators
41% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Allison Bell Burn
DIRECTOR (THRU JUNE) Autumn Neugent
VICE PRESIDENT Ben Leroy
SECRETARY Beth Welch
TREASURER Connor Sabatino
DIRECTOR Jocelyn Acuna

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$205,160 15 grants
Youth Development
$50,125 4 grants
Unspecified
$48,532 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.6M $4.4M $17.7M
2023 $3.5M $4.1M $17.4M
2022 $3.8M $3.7M $17.8M
2021 $3.8M $3.6M $16.9M
2020 $3.0M $3.3M $15.5M

Between 2020 and 2024, reported annual revenue grew from $3.0M to $4.6M (+53%), with total assets most recently reported at $17.7M.

Interactive year-over-year charts and full filing details available with membership.

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