Skip to content
Nonprofiteer
← CORNERSTONES HOUSING CORPORATION

Form 990 for tax year 2022

Filed by CORNERSTONES HOUSING CORPORATION.

Totals

Total revenue
$1,067,653
Total expenses
$1,434,349
Contributions and grants received
$1,189
Grants paid
$0
Program service revenue
$1,035,891
Investment income
$30,573
Other revenue
$0
Total assets, end of year
$10,028,391
Total liabilities, end of year
$9,249,929
Net assets or fund balances, end of year
$778,462
Program services expenses (Part IX)
$1,072,373
Management and general expenses
$361,976
Fundraising expenses
$0
Program service expenses (Part III)
$1,072,373

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • CHERYL SIMPKINS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTY ZEITZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • FRAN STEINBAUER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KERRIE B WILSON

    SECRETARY

    Total calculated
    $186,132
    From this org
    $0
    From related orgs
    $177,893
    Other
    $8,239
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,893 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,242 related
    Nontaxable benefits
    $0 + $997 related
    Filer's total
    $0 + $186,132 related

  • JOHN D THOMAS

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ESTHER B JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT GOUDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN SCHAAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CASEY VEATCH

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • RIHC PARTNERS LP

    RELATED · PROVIDES AFFORDABLE HOUSING · VA · 1% owned · share of income $76 · share of assets $1,611,529 · general or managing partner

    Directly controlled by CORNERSTONES HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202401369349306460

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.