← CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2022

Filed by CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC.

Totals

Total revenue: $525,000
Total expenses: $0
Contributions and grants received: $525,000
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $0
Total assets, end of year: $4,512,335
Total liabilities, end of year: $4,445,000
Net assets or fund balances, end of year: $67,335
Program services expenses (Part IX): $0
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $388,000

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

$525,000
1g · Noncash contributions included above

$0
3 · Investment income

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $0 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $0 · personal property $0
6d · Net rental income or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

24a · Other expenses: After School / Summer Camp
24b · Other expenses: Homeless Outreach
24c · Other expenses: Transitional Housing

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $66,240 · end of year $67,335
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

$4,445,000
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $1,392,500 · end 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 $295,000 · end of year $4,445,000
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
27 · Net assets without donor restrictions

beginning of year $1,163,740 · end of year $67,335
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

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 our most significant activities included: 1. Homeless Outreach by providing food, clothing, showers and medical care.. 2. After School Programming - providing after school care and summer day camp 3. Affordable and transitional housing, assisting those without a place to call home.

The Cornerstone Homeless outreach program provides food, clothing, medical care to assist the homeless and indigent.

Expenses $143,000
The Cornerstone Summer Camp an After School Program assists children in the community by providing afterschool services and a summer day camp so that children are in a safe and learning environment.

Expenses $150,000
The Cornerstone Housing Program acquired dilapidated buildings and fix them up for the good of the neighborhood. This includes former business, apartment complexes and houses.

Expenses $95,000

As filed on the 2022 return.

Listed in Part VII

Chris L SimmonsCHRIS L SIMMONS

PRESIDENT

Total calculated

$0

Hours/week

20 + 40 related
Charles JonesCHARLES JONES

VICE PRESIDENT

Total calculated

$0

Hours/week

10 + 40 related
Charlotte RunnelsCHARLOTTE RUNNELS

SECRETARY

Total calculated

$0

Hours/week

10 + 40 related
Lonnie MitchellLONNIE MITCHELL

DIRECTOR

Total calculated

$0

Hours/week

7 + 40 related
Gerald DavisGERALD DAVIS

TREASURE

Total calculated

$0

Hours/week

10 + 40 related
Sheila HenrySHEILA HENRY

DIRECTOR

Total calculated

$0

Hours/week

5 + 40 related
Chris GarciaCHRIS GARCIA

DIRECTOR

Total calculated

$0

Hours/week

5 + 50 related
Sherian SmithSHERIAN SMITH

DIRECTOR

Total calculated

$0

Hours/week

5 + 40 related
Tameca HarrisTAMECA HARRIS

DIRECTOR

Total calculated

$0

Hours/week

5 + 40 related
William HoodWILLIAM HOOD

DIRECTOTR

Total calculated

$0

Hours/week

5 + 40 related
Christina HoodCHRISTINA HOOD

DIRECTOR

Total calculated

$0

Hours/week

5 + 40 related
Kelin PorterKELIN PORTER

HOUSING DIRECTOR

Total calculated

$0

Hours/week

40 + 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: 2022
Filed: 2 January 2024
IRS schema version: 2022v5.0
Source object: 202410169349300151

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