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Nonprofiteer
← CORNERSTONE ST LUKES INC

Form 990 for tax year 2022

Filed by CORNERSTONE ST LUKES INC.

Totals

Total revenue
$328,320
Total expenses
$171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$328,320
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,201,712
Total liabilities, end of year
$343
Net assets or fund balances, end of year
$8,201,369
Program services expenses (Part IX)
$171
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$171

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.

  • 2a · Program service revenue: INTEREST ON NOTE

    total $328,320 · related or exempt $328,320

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $171 · program services $171

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1

  • 15 · Other assets

    beginning of year $7,873,391 · end of year $8,201,711

  • 25 · Other liabilities

    beginning of year $171 · end of year $343

  • 27 · Net assets without donor restrictions

    beginning of year $7,873,220 · end of year $8,201,369

Mission and programs · 2022

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

Activities or mission (Part I)

TO PROVIDE FOR THE AQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

  • TO HELP IN PROVIDING 216 UNITS OF LOW INCOME HOUSING.

    Expenses $171 · Revenue $328,320

As filed on the 2022 return.

Listed in Part VII

  • JOSEPH P WIEDORFER

    BOARD MEMBER / VICE PRESID

    Total calculated
    $270,449
    From this org
    $0
    From related orgs
    $250,541
    Other
    $19,908
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,541 related
    Bonus
    $0 + $90,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $17,908 related
    Filer's total
    $0 + $270,449 related

  • RICHARD BURNS

    BOARD MEMBER / PRESIDENT

    Total calculated
    $715,142
    From this org
    $0
    From related orgs
    $698,152
    Other
    $16,990
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,152 related
    Bonus
    $0 + $225,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $16,990 related
    Filer's total
    $0 + $715,142 related

  • THOMAS G VACCARO

    BOARD MEMBER / SECRETARY

    Total calculated
    $252,058
    From this org
    $0
    From related orgs
    $216,079
    Other
    $35,979
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,079 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $33,979 related
    Filer's total
    $0 + $252,058 related

  • ALLA ELEON

    TREASURER

    Total calculated
    $300,983
    From this org
    $0
    From related orgs
    $274,039
    Other
    $26,944
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,039 related
    Bonus
    $0 + $50,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $24,944 related
    Filer's total
    $0 + $300,983 related

  • CARLOS GONZALES

    VICE PRESIDENT

    Total calculated
    $275,456
    From this org
    $0
    From related orgs
    $259,615
    Other
    $15,841
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,615 related
    Bonus
    $0 + $75,000 related
    Other
    $0
    Deferred
    $0 + $477 related
    Nontaxable benefits
    $0 + $15,364 related
    Filer's total
    $0 + $275,456 related

  • ERIC PRICE

    VICE PRESIDENT

    Total calculated
    $396,590
    From this org
    $0
    From related orgs
    $396,590
    Other
    $0
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,590 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $396,590 related

  • STEPHEN M GREEN

    VICE PRESIDENT

    Total calculated
    $484,926
    From this org
    $0
    From related orgs
    $452,781
    Other
    $32,145
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $292,781 related
    Bonus
    $0 + $160,000 related
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $30,145 related
    Filer's total
    $0 + $484,926 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. 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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349300732

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