CORNERSTONE ELDERLY HDFC INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

ROBYN LUCAS-CORA

Phone

5162857500

Tax Period

2023-10-01 to 2024-09-30

CORNERSTONE ELDERLY HDFC INC, founded in 1978, is a small nonprofit that reported $723K in total revenue in fiscal year 2023.

Mission

TO PROVIDE REHABILITATION AND MAINTENANCE OF RESIDENTIAL HOUSING PROPERTY TO LOW-INCOME ELDERLY.

Program Service Accomplishments

Program 1

Revenue: $722,920

TO PROVIDE REHABILITATION AND MAINTENANCE OF RESIDENTIAL HOUSING PROPERTY TO LOW-INCOME ELDERLY. THE COMPANY PREVIOUSLY OWNED AND OPERATED AN 151-UNIT RESIDENTIAL RENTAL BUILDING THAT PROVIDED...

TO PROVIDE REHABILITATION AND MAINTENANCE OF RESIDENTIAL HOUSING PROPERTY TO LOW-INCOME ELDERLY. THE COMPANY PREVIOUSLY OWNED AND OPERATED AN 151-UNIT RESIDENTIAL RENTAL BUILDING THAT PROVIDED HOUSING TO LOW-INCOME ELDERLY (THE "PROPERTY"). OPERATION OF THE PROPERTY WAS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO THE SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM. THE COMPANY SOLD THE PROPERTY IN 2012 TO AN AFFILIATE. THE PROPERTY SUBSEQUENTLY ENTERED THE LOW-INCOME HOUSING TAX CREDIT PROGRAM, REGULATED BY SECTION 42 OF THE INTERNAL REVENUE CODE. PURSUANT TO THE SALE AGREEMENT, THE COMPANY HAS A RIGHT OF FIRST REFUSAL PURCHASE OPTION, TO REPURCHASE THE PROPERTY AT THE END OF THE FIRST 15-YEAR COMPLIANCE PERIOD UNDER AN AGREED-UPON REPURCHASE FORMULA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $722,909

Investment Income $5

Other Revenue $11

TOTAL REVENUE $722,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$722,925	$688,950	+0.0%
Expenses	N/A	N/A	N/A
Net Income	N/A	$688,950	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINALD SHELL	PRESIDENT	1.00	Officer Director	$0	$0	$0
LENUE H SINGLETARY III	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BEATRICE J WALLS	SECRETARY	1.00	Officer Director	$0	$0	$0
DOROTHY WOODS	TREASURER	1.00	Officer Director	$0	$0	$0
ROBYN LUCAS-CORA	CFO	1.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$722,925	No data	$13,491,271	No data
2023	$688,950	No data	$12,768,346	No data
2022	$643,464	No data	$12,079,396	No data
2021	$717,308	No data	$11,435,932	No data
2020	$498,497	No data	$10,718,624	No data
2019	$502,846	No data	$10,220,127	No data
2018	$509,289	No data	$9,717,281	No data