Form 990 for tax year 2023
Filed by CORNERSTONE COMMUNITY HOUSING INC.
Totals
- Total revenue
- $573,101
- Total expenses
- $733,453
- Contributions and grants received
- $385,312
- Grants paid
- $0
- Program service revenue
- $177,010
- Investment income
- $6,052
- Other revenue
- $4,727
- Total assets, end of year
- $3,066,990
- Total liabilities, end of year
- $1,537,027
- Net assets or fund balances, end of year
- $1,529,963
- Program services expenses (Part IX)
- $536,384
- Management and general expenses
- $116,325
- Fundraising expenses
- $80,744
- Program service expenses (Part III)
- $536,384
Program services were 73.1% 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
$1,035
-
1c · Fundraising events
$21,595
-
1e · Government grants (contributions)
$89,007
-
1f · All other contributions, gifts and grants
$273,675
-
2a · Program service revenue: PROSPECT PLACE INCOME
total $155,450 · related or exempt $155,450
-
2b · Program service revenue: PROGRAM SERVICE FEES
total $21,560 · related or exempt $21,560
-
3 · Investment income
total $6,052 · excluded $6,052
-
8a · Fundraising events: gross income
$21,235
-
8a · Fundraising events: contributions included on line 1c
$21,595
-
8b · Fundraising events: direct expenses
$17,305
-
8c · Net income from fundraising events
total $3,930 · excluded $3,930
-
11a · Other revenue: MISCELLANEOUS INCOME
total $797 · related or exempt $797
-
11e · Other revenue, total
$797
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $65,150 · program services $19,545 · management and general $26,060 · fundraising $19,545
-
7 · Other salaries and wages
total $241,406 · program services $191,044 · management and general $20,145 · fundraising $30,217
-
9 · Other employee benefits
total $28,294 · program services $18,225 · management and general $4,848 · fundraising $5,221
-
10 · Payroll taxes
total $29,703 · program services $21,778 · management and general $3,816 · fundraising $4,109
-
11c · Fees: accounting
total $12,500 · management and general $12,500
-
11g · Fees: other
total $20,553 · program services $16,442 · management and general $3,569 · fundraising $542
-
12 · Advertising and promotion
total $33 · program services $33
-
13 · Office expenses
total $34,024 · program services $25,483 · management and general $5,189 · fundraising $3,352
-
16 · Occupancy
total $44,745 · program services $38,066 · management and general $4,844 · fundraising $1,835
-
20 · Interest
total $210 · program services $210
-
22 · Depreciation, depletion and amortization
total $126,956 · program services $99,025 · management and general $17,462 · fundraising $10,469
-
23 · Insurance
total $19,144 · program services $15,255 · management and general $3,587 · fundraising $302
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $55,106 · program services $51,585 · management and general $1,921 · fundraising $1,600
-
24b · Other expenses: TELEPHONE AND INTERNET
total $12,849 · program services $10,662 · management and general $1,169 · fundraising $1,018
-
24c · Other expenses: RESIDENT WELFARE
total $10,370 · program services $10,370
-
24d · Other expenses: SUBSCRIPTIONS
total $9,584 · management and general $7,188 · fundraising $2,396
-
24e · All other expenses
total $22,826 · program services $18,661 · management and general $4,027 · fundraising $138
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $219,397 · end of year $231,467
-
2 · Savings and temporary cash investments
beginning of year $115,932 · end of year $20,592
-
3 · Pledges and grants receivable
beginning of year $49,000 · end of year $50,349
-
10a · Land, buildings and equipment: cost or other basis
$3,966,658
-
10b · Land, buildings and equipment: accumulated depreciation
$1,397,802
-
10c · Land, buildings and equipment, net
beginning of year $2,690,739 · end of year $2,568,856
-
11 · Investments: publicly traded securities
beginning of year $159,201 · end of year $195,726
-
17 · Accounts payable and accrued expenses
beginning of year $32,572 · end of year $44,397
-
19 · Deferred revenue
beginning of year $10,439
-
23 · Secured mortgages and notes payable
beginning of year $1,520,637 · end of year $1,492,630
-
27 · Net assets without donor restrictions
beginning of year $1,511,420 · end of year $1,334,237
-
28 · Net assets with donor restrictions
beginning of year $159,201 · end of year $195,726
Mission and programs · 2023
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 A TRANSITIONAL HOUSING PROJECT.
-
CORNERSTONE COMMUNITY HOUSING (CCH) PROVIDES SUPPORTIVE HOUSING FOR MEN EXPERIENCING HOMELESSNESS. EARL'S PLACE, OUR TRANSITIONAL HOUSING PROGRAM, HOUSED A TOTAL OF 40 MEN. OF THOSE, 17 MOVED TO PERMANENT HOUSING, SIXTEEN REMAINED IN OUR PROGRAM, PROSPECT PLACE IS A HOUSING FIRST PERMANENT SUPPORTIVE HOUSING PROGRAM FOR MEN WHO WERE CHRONICALLY HOMELESS. THIRTEEN MEN WERE HOUSED.
Expenses $536,384 · Revenue $177,807
As filed on the 2023 return.
Listed in Part VII
-
Karen BartellKAREN BARTELL
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Andrew FrankANDREW FRANK
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Thomas Bond IIITHOMAS BOND III
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
Ericka McClammyERICKA MCCLAMMY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
Anthony ParrottANTHONY PARROTT
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
Reginald BenbowREGINALD BENBOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Charles BrownCHARLES BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Samuel FaganSAMUEL FAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Marcus GuynnMARCUS GUYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Brent JacksonBRENT JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
John PowersJOHN POWERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Paula WilliamsPAULA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Sheila HelgersonSHEILA HELGERSON
EXECUTIVE DIRECTOR
- Total calculated
- $65,150
- From this org
- $65,150
- From related orgs
- $0
- Other
- $0
- 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 $241,602 · assets $2,273,541
Directly controlled by CORNERSTONE COMMUNITY HOUSING INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422329349300962
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.