Form 990 for tax year 2024

Filed by CORNERSTONE COMMUNITY HOUSING INC.

Totals

Total revenue: $602,316
Total expenses: $722,246
Contributions and grants received: $428,551
Grants paid: $0
Program service revenue: $186,033
Investment income: $1,348
Other revenue: -$13,616
Total assets, end of year: $2,961,776
Total liabilities, end of year: $1,532,257
Net assets or fund balances, end of year: $1,429,519
Program services expenses (Part IX): $551,637
Management and general expenses: $107,156
Fundraising expenses: $63,453
Program service expenses (Part III): $551,637

Program services were 76.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$1,951
1c · Fundraising events

$55,528
1e · Government grants (contributions)

$105,007
1f · All other contributions, gifts and grants

$266,065
2a · Program service revenue: PROSPECT PLACE INCOME

total $155,936 · related or exempt $155,936
2b · Program service revenue: PROGRAM SERVICE FEES

total $30,097 · related or exempt $30,097
3 · Investment income

total $1,348 · excluded $1,348
8a · Fundraising events: gross income

$24,629
8a · Fundraising events: contributions included on line 1c

$55,528
8b · Fundraising events: direct expenses

$39,331
8c · Net income from fundraising events

total -$14,702 · excluded -$14,702
11a · Other revenue: MISCELLANEOUS INCOME

total $1,086 · related or exempt $1,086
11e · Other revenue, total

$1,086

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $72,030 · program services $21,609 · management and general $28,812 · fundraising $21,609
7 · Other salaries and wages

total $239,055 · program services $218,721 · management and general $6,692 · fundraising $13,642
8 · Pension plan contributions

total $13,402 · program services $10,786 · management and general $1,167 · fundraising $1,449
9 · Other employee benefits

total $18,600 · program services $16,389 · management and general $932 · fundraising $1,279
10 · Payroll taxes

total $23,963 · program services $18,691 · management and general $2,623 · fundraising $2,649
11c · Fees: accounting

total $14,000 · management and general $14,000
11g · Fees: other

total $14,378 · program services $11,502 · management and general $2,780 · fundraising $96
12 · Advertising and promotion

total $800 · program services $800
13 · Office expenses

total $23,344 · program services $17,367 · management and general $1,610 · fundraising $4,367
16 · Occupancy

total $42,968 · program services $36,369 · management and general $4,680 · fundraising $1,919
20 · Interest

total $62 · program services $62
22 · Depreciation, depletion and amortization

total $126,708 · program services $98,832 · management and general $17,404 · fundraising $10,472
23 · Insurance

total $38,239 · program services $30,366 · management and general $6,747 · fundraising $1,126
24a · Other expenses: REPAIRS & MAINTENANCE

total $32,136 · program services $28,028 · management and general $2,241 · fundraising $1,867
24b · Other expenses: MISCELLANEOUS

total $15,678 · program services $11,915 · management and general $3,763
24c · Other expenses: TELEPHONE AND INTERNET

total $13,089 · program services $10,869 · management and general $1,186 · fundraising $1,034
24d · Other expenses: LICENSES AND TAXES

total $9,340 · program services $2,740 · management and general $6,600
24e · All other expenses

total $24,454 · program services $16,591 · management and general $5,919 · fundraising $1,944

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $231,467 · end of year $223,751
2 · Savings and temporary cash investments

beginning of year $20,592 · end of year $24,164
3 · Pledges and grants receivable

beginning of year $50,349 · end of year $47,977
10a · Land, buildings and equipment: cost or other basis

$3,973,040
10b · Land, buildings and equipment: accumulated depreciation

$1,524,510
10c · Land, buildings and equipment, net

beginning of year $2,568,856 · end of year $2,448,530
11 · Investments: publicly traded securities

beginning of year $195,726 · end of year $216,654
15 · Other assets

beginning of year $0 · end of year $700
17 · Accounts payable and accrued expenses

beginning of year $44,397 · end of year $67,634
23 · Secured mortgages and notes payable

beginning of year $1,492,630 · end of year $1,464,623
27 · Net assets without donor restrictions

beginning of year $1,334,237 · end of year $1,212,964
28 · Net assets with donor restrictions

beginning of year $195,726 · end of year $216,555

Mission and programs · 2024

Mission

CORNERSTONE COMMUNITY HOUSING,INC., A HOUSING AND SOCIAL JUSTICE ORGANIZATION, IS BOTH DEDICATED TO ASSISTING MEN EXPERIENCING HOMELESSNESS, WHO WANT TO CHANGE THEIR LIVES, AND TO CHANGING COMMUNITY ATTITUDES TOWARD HOMELESSNESS.

Activities or mission (Part I)

THE ORGANIZATION OPERATES TWO TRANSITIONAL HOUSING PROGRAMS.

CORNERSTONE COMMUNITY HOUSING (CCH) PROVIDES SUPPORTIVE HOUSING FOR MEN EXPERIENCING HOMELESSNESS. EARL'S PLACE, OUR TRANSITIONAL HOUSING PROGRAM, HOUSED A TOTAL OF 31 MEN. FOURTEEN WERE EMPLOYED, FIVE ENROLLED IN GED OR CONTINUING EDUCATION, 10 MOVED TO PERMANENT HOUSING, AND SIXTEEN REMAINED IN OUR PROGRAM, PROSPECT PLACE IS A HOUSING FIRST PERMANENT SUPPORTIVE HOUSING PROGRAM FOR MEN WHO WERE CHRONICALLY HOMELESS. TWELVE MEN WERE HOUSED.

Expenses $551,637 · Revenue $187,119

As filed on the 2024 return.

Listed in Part VII

John PowersJOHN POWERS

CHAIR

Total calculated

$0

Hours/week

2.5
Thomas Bond IIITHOMAS BOND III

VICE CHAIR

Total calculated

$0

Hours/week

2.5
Rachel WolchokRACHEL WOLCHOK

SECRETARY

Total calculated

$0

Hours/week

2.5
Anthony ParrottANTHONY PARROTT

TREASURER

Total calculated

$0

Hours/week

2.5
Reginald BenbowREGINALD BENBOW

DIRECTOR UNTIL 5/24

Total calculated

$0

Hours/week

2.5
Charles BrownCHARLES BROWN

DIRECTOR

Total calculated

$0

Hours/week

2.5
Karen BartellKAREN BARTELL

DIRECTOR

Total calculated

$0

Hours/week

2.5
Ericka McClammyERICKA MCCLAMMY

SECRETARY UNTIL 5/24

Total calculated

$0

Hours/week

2.5
Jared ThomasJARED THOMAS

DIRECTOR

Total calculated

$0

Hours/week

2.5
Sheila HelgersonSHEILA HELGERSON

EXECUTIVE DIRECTOR

Total calculated

$72,030

From this org

$66,188

From related orgs

$0

Other

$5,842

Hours/week

40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

PROSPECT PLACE LLC

HOUSING FOR MEN RECENTLY HOMELESS · MD · income $253,481 · assets $2,182,877

Directly controlled by CORNERSTONE COMMUNITY HOUSING INC

Provenance

Return type: form_990
Tax year: 2024
Filed: 18 August 2025
IRS schema version: 2024v5.2
Source object: 202532329349300228

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