Skip to content
Nonprofiteer
← CORNERSTONE COMMUNITY HOUSING INC

Form 990 for tax year 2025

Filed by CORNERSTONE COMMUNITY HOUSING INC.

Totals

Total revenue
$762,630
Total expenses
$781,049
Contributions and grants received
$601,721
Grants paid
$0
Program service revenue
$167,098
Investment income
$6,066
Other revenue
-$12,255
Total assets, end of year
$2,957,331
Total liabilities, end of year
$1,504,145
Net assets or fund balances, end of year
$1,453,186
Program services expenses (Part IX)
$581,317
Management and general expenses
$118,561
Fundraising expenses
$81,171
Program service expenses (Part III)
$581,317

Program services were 74.4% 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

    $4,439

  • 1c · Fundraising events

    $63,892

  • 1e · Government grants (contributions)

    $123,522

  • 1f · All other contributions, gifts and grants

    $409,868

  • 1g · Noncash contributions included above

    $4,447

  • 2a · Program service revenue: PROSPECT PLACE INCOME

    total $138,316 · related or exempt $138,316

  • 2b · Program service revenue: PROGRAM SERVICE FEES

    total $28,782 · related or exempt $28,782

  • 3 · Investment income

    total $6,066 · excluded $6,066

  • 8a · Fundraising events: gross income

    $16,663

  • 8a · Fundraising events: contributions included on line 1c

    $63,892

  • 8b · Fundraising events: direct expenses

    $30,270

  • 8c · Net income from fundraising events

    total -$13,607 · excluded -$13,607

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,352 · related or exempt $1,352

  • 11e · Other revenue, total

    $1,352

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $79,083 · program services $23,725 · management and general $31,633 · fundraising $23,725

  • 7 · Other salaries and wages

    total $252,206 · program services $214,424 · management and general $13,409 · fundraising $24,373

  • 8 · Pension plan contributions

    total $6,286 · program services $4,769 · management and general $539 · fundraising $978

  • 9 · Other employee benefits

    total $32,548 · program services $21,115 · management and general $5,242 · fundraising $6,191

  • 10 · Payroll taxes

    total $25,769 · program services $18,859 · management and general $3,310 · fundraising $3,600

  • 11c · Fees: accounting

    total $16,000 · management and general $16,000

  • 11g · Fees: other

    total $24,102 · program services $19,281 · management and general $4,633 · fundraising $188

  • 12 · Advertising and promotion

    total $99 · program services $99

  • 13 · Office expenses

    total $31,787 · program services $23,507 · management and general $1,895 · fundraising $6,385

  • 16 · Occupancy

    total $46,790 · program services $39,965 · management and general $5,036 · fundraising $1,789

  • 20 · Interest

    total $86 · program services $86

  • 22 · Depreciation, depletion and amortization

    total $126,624 · program services $98,767 · management and general $17,299 · fundraising $10,558

  • 23 · Insurance

    total $26,725 · program services $21,280 · management and general $4,946 · fundraising $499

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $23,450 · program services $22,637 · management and general $508 · fundraising $305

  • 24b · Other expenses: LICENSES AND TAXES

    total $22,300 · program services $18,459 · management and general $3,841

  • 24c · Other expenses: MISCELLANEOUS

    total $18,735 · program services $14,239 · management and general $4,496

  • 24d · Other expenses: TELEPHONE AND INTERNET

    total $14,705 · program services $12,034 · management and general $1,436 · fundraising $1,235

  • 24e · All other expenses

    total $33,754 · program services $28,071 · management and general $4,338 · fundraising $1,345

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $223,751 · end of year $147,297

  • 2 · Savings and temporary cash investments

    beginning of year $24,164 · end of year $66,708

  • 3 · Pledges and grants receivable

    beginning of year $47,977 · end of year $160,906

  • 10a · Land, buildings and equipment: cost or other basis

    $3,973,985

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,651,134

  • 10c · Land, buildings and equipment, net

    beginning of year $2,448,530 · end of year $2,322,851

  • 11 · Investments: publicly traded securities

    beginning of year $216,654 · end of year $249,889

  • 15 · Other assets

    beginning of year $700 · end of year $9,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,634 · end of year $67,529

  • 23 · Secured mortgages and notes payable

    beginning of year $1,464,623 · end of year $1,436,616

  • 27 · Net assets without donor restrictions

    beginning of year $1,212,964 · end of year $1,203,297

  • 28 · Net assets with donor restrictions

    beginning of year $216,555 · end of year $249,889

Mission and programs · 2025

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 36 MEN. 61% GAINED EMPLOYMENT, FIVE ENROLLED IN GED OR CONTINUING EDUCATION, 85% INCREASED THEIR INCOME, 17 MOVED TO PERMANENT HOUSING, TWO RETURNED TO TREATMENT PROGRAMS, AND 17 REMAINED IN OUR PROGRAM. PROSPECT PLACE IS A HOUSING FIRST PERMANENT SUPPORTIVE HOUSING PROGRAM FOR MEN WHO WERE CHRONICALLY HOMELESS. ELEVEN MEN WERE HOUSED.

    Expenses $581,317 · Revenue $168,450

As filed on the 2025 return.

Listed in Part VII

  • John Powers

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5

  • Thomas Bond III

    VICE CHAIR THRU 5/25

    Total calculated
    $0
    Hours/week
    2.5

  • Rachel Wolchok

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • Jared Thomas

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • Charles Brown

    VICE CHAIR FROM 5/25

    Total calculated
    $0
    Hours/week
    2.5

  • Karen Bartell

    DIRECTOR THRU 5/25

    Total calculated
    $0
    Hours/week
    2.5

  • Erin Cullen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Earle Derry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Cecilia Gans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Tony Parrott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • James Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Nishka Seth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • Sheila Helgerson

    EXECUTIVE DIRECTOR

    Total calculated
    $79,082
    From this org
    $72,552
    From related orgs
    $0
    Other
    $6,530
    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 $235,159 · assets $2,094,750

    Directly controlled by CORNERSTONE COMMUNITY HOUSING INC

Provenance

Return type
form_990
Tax year
2025
Filed
30 July 2026
IRS schema version
2025v4.2
Source object
202612179349300826

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.