Form 990 for tax year 2023
Filed by CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $732,000
- Total expenses
- $721,354
- Contributions and grants received
- $732,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $77,981
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $77,981
- Program services expenses (Part IX)
- $721,354
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $570,000
Program services were 100.0% 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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$732,000
-
1g · Noncash contributions included above
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $71,000 · program services $71,000
-
6 · Compensation of disqualified persons
total $0 · program services $0
-
7 · Other salaries and wages
total $14,000 · program services $14,000
-
8 · Pension plan contributions
total $0 · program services $0
-
9 · Other employee benefits
total $0 · program services $0
-
10 · Payroll taxes
total $12,354 · program services $12,354
-
11a · Fees: management
total $0 · program services $0
-
11b · Fees: legal
total $0 · program services $0
-
11c · Fees: accounting
total $0 · program services $0
-
11d · Fees: lobbying
total $0 · program services $0
-
11f · Fees: investment management
total $0 · program services $0
-
11g · Fees: other
total $0 · program services $0
-
12 · Advertising and promotion
total $5,000 · program services $5,000
-
13 · Office expenses
total $15,000 · program services $15,000
-
14 · Information technology
total $2,500 · program services $2,500
-
15 · Royalties
total $0 · program services $0
-
16 · Occupancy
total $0 · program services $0
-
17 · Travel
total $0 · program services $0
-
18 · Travel or entertainment for public officials
total $0 · program services $0
-
19 · Conferences, conventions and meetings
total $3,500 · program services $3,500
-
20 · Interest
total $0 · program services $0
-
21 · Payments to affiliates
total $0 · program services $0
-
22 · Depreciation, depletion and amortization
total $0 · program services $0
-
23 · Insurance
total $28,000 · program services $28,000
-
24a · Other expenses: After School/Summer Camp
total $210,000 · program services $210,000
-
24b · Other expenses: Homeless Services
total $165,000 · program services $165,000
-
24c · Other expenses: Affordable Housing
total $195,000 · program services $195,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $67,335 · end of year $77,981
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,370,000
-
10c · Land, buildings and equipment, net
beginning of year $4,445,000
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $4,445,000 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $67,335 · end of year $77,981
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
-
29 · Capital stock, trust principal or current funds
end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
end of year $0
-
31 · Retained earnings, endowment or other funds
end of year $0
Mission and programs · 2023
Mission
The Cornerstone Community Development Corporation, Inc. exists to assist the residents in the South Dallas/Fair Park community in breaking out of the cycle of poverty and become contributing members of the neighborhood.
Activities or mission (Part I)
The Cornerstone Community Development Corporation, Inc. exists to assist the residents in the South Dallas/Fair Park community in breaking out of the cycle of poverty and become contributing members of the neighborhood. This year, some of the most significant activities included: 1. Homeless Outreach - providing food, clothing, showers, and medical care to those in need. 2. After School Programming - providing after school and summer day camp to neighborhood children. 3. Affordable and transitional housing - assisting those without a home have a place to call home.
-
The Cornerstone After School and Summer Program provides care for children.
Expenses $210,000
-
The Cornerstone Homeless Program provides meals, medical care and other assistance to the homeless and indigent
Expenses $165,000
-
The Cornerstone Housing Program provides assistance to individuals in need to temporary and permanent housing.
Expenses $195,000
As filed on the 2023 return.
Listed in Part VII
-
CHRIS L SIMMONS
President
- Total calculated
- $0
- Hours/week
- 20 + 40 related
-
CHARLES JONES
Vice President
- Total calculated
- $0
- Hours/week
- 10 + 40 related
-
GERALD DAVIS
Treasurer
- Total calculated
- $0
- Hours/week
- 25 + 40 related
-
CHARLOTTE RUNNELS
Secretary
- Total calculated
- $0
- Hours/week
- 10 + 40 related
-
SHEILA HENRY
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
SHERIAN SMITH
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
TAMECA HARRIS
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
LONNIE MITCHELL
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
WILLIAM HOOD
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
KELIN PORTER
Housing Coordinator
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
CHRISTINA HOOD
Director
- Total calculated
- $0
- Hours/week
- 5 + 40 related
-
BARBARA BIDDLE
Administrative Assistant
- Total calculated
- $0
- Hours/week
- 20 + 40 related
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
- 15 October 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412899349301696
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