Form 990 for tax year 2023
Filed by CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION NFP.
Totals
- Total revenue
- $3,203,739
- Total expenses
- $2,489,889
- Contributions and grants received
- $3,191,175
- Grants paid
- $207,518
- Program service revenue
- $0
- Investment income
- $12,564
- Other revenue
- $0
- Total assets, end of year
- $5,102,551
- Total liabilities, end of year
- $157,095
- Net assets or fund balances, end of year
- $4,945,456
- Program services expenses (Part IX)
- $2,241,323
- Management and general expenses
- $248,566
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,241,323
Program services were 90.0% 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.
-
1e · Government grants (contributions)
$2,202,010
-
1f · All other contributions, gifts and grants
$989,165
-
2a · Program service revenue
total $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $12,564 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $207,518 · program services $207,518
-
5 · Compensation of officers, directors and key employees
total $115,500 · program services $0 · management and general $115,500 · fundraising $0
-
7 · Other salaries and wages
total $855,415 · program services $855,415 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $4,406 · program services $3,877 · management and general $529 · fundraising $0
-
10 · Payroll taxes
total $75,447 · program services $66,394 · management and general $9,053 · fundraising $0
-
11a · Fees: management
total $189,052 · program services $166,366 · management and general $22,686 · fundraising $0
-
12 · Advertising and promotion
total $13,635 · program services $0 · management and general $13,635 · fundraising $0
-
13 · Office expenses
total $80,754 · program services $71,064 · management and general $9,690 · fundraising $0
-
19 · Conferences, conventions and meetings
total $18,157 · program services $0 · management and general $18,157 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $104,934 · program services $92,343 · management and general $12,591 · fundraising $0
-
23 · Insurance
total $33,895 · program services $29,828 · management and general $4,067 · fundraising $0
-
24a · Other expenses: FEES
total $6,009 · program services $0 · management and general $6,009 · fundraising $0
-
24b · Other expenses: STAFF DEVELOPMENT/TRAINING
total $7,946 · program services $6,992 · management and general $954 · fundraising $0
-
24c · Other expenses: CLIENT SERVICES
total $571,587 · program services $571,587 · management and general $0 · fundraising $0
-
24d · Other expenses: REAPIRS AND MAINTENANCE
total $23,566 · program services $20,738 · management and general $2,828 · fundraising $0
-
24e · All other expenses
total $182,068 · program services $149,201 · management and general $32,867 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1,579,243
-
2 · Savings and temporary cash investments
end of year $824,467
-
3 · Pledges and grants receivable
end of year $838,515
-
4 · Accounts receivable
end of year $8,949
-
9 · Prepaid expenses and deferred charges
end of year $556
-
10a · Land, buildings and equipment: cost or other basis
$2,928,677
-
10b · Land, buildings and equipment: accumulated depreciation
$1,077,856
-
10c · Land, buildings and equipment, net
end of year $1,850,821
-
17 · Accounts payable and accrued expenses
end of year $157,095
-
27 · Net assets without donor restrictions
end of year $4,945,456
Mission and programs · 2023
Mission
To improve the quality of life for the underprivileged and to assist others in times of crisis emphasizing emergency, supportive, and educational services
-
OFFER PROGRAMS TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN THE COMMUNITY.
Expenses $2,241,323 · Revenue $32,037,396
As filed on the 2023 return.
Listed in Part VII
-
Bonita ParkerBONITA PARKER
President
- Total calculated
- $0
- Hours/week
- 1
-
Samuel LawerenceSAMUEL LAWERENCE
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Wilma Wilson
Secretary/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gregory DillardGREGORY DILLARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Helen Brinson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charles Davis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
George VaughnGEORGE VAUGHN
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Patricia Eaves HeardPATRICIA EAVES HEARD
BOARD MEMEBER
- Total calculated
- $0
- Hours/week
- 1
-
Wyatt RushWYATT RUSH
BOARD MEMEBER
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501159349300125
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