CORNERSTONE REVITALIZATION FOUNDATION INC

EIN: 261650206 501(c)(3) Community Improvement

BIRMINGHAM, AL

Total Revenue
$1,411,609
Total Expenses
$2,038,413
Total Assets
$241,643
Net Assets
$241,643
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
AL
Principal Officer
DR MICHAEL WESLEY SR
Phone
2059259750
Tax Period
2024-01-01 to 2024-12-31

CORNERSTONE REVITALIZATION FOUNDATION INC, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

WE WORK TO FULFILL OUR MISSION THROUGH EDUCATIONAL PROPGRAMMING, WORKFORCE DEVELOPMENT, VOCATIONAL CERTIFICATIONS AND LEADERSHIP ENHANCEMENT OPPORTUNITIES; ALL DESIGNEDTO EMPOWER DISADVANTAGED YOUTH AND ADULTS IN THE SOUTHWEST AREA OF BIRMINGHAM.

Program Service Accomplishments

Program 1
Expenses: $732,940 Revenue: $670,000

YOUTH BUILD OFFERED CERTIFICATION PATHWAYS IN HIGH DEMAND FIELDS TO INCLUDE: CONSTRUCTION TRADES AND HEALTHCARE CERTIFICATIONS. PARTICIPANTS WERE ALSO ABLE TO OBTAIN THEIR GED AND/OR HIGH SCHOOL...

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YOUTH BUILD OFFERED CERTIFICATION PATHWAYS IN HIGH DEMAND FIELDS TO INCLUDE: CONSTRUCTION TRADES AND HEALTHCARE CERTIFICATIONS. PARTICIPANTS WERE ALSO ABLE TO OBTAIN THEIR GED AND/OR HIGH SCHOOL DIPLOMA.

Program 2
Expenses: $402,329 Revenue: $370,000

WORKFORCE DEVELOPMENT SERVES ADULTS 25 AND OLDER WITH AN EMPHASIS ON INDIVIDUALS WHO FACE AN ELEVATED RISK OF RE-OFFENDING DUE TO ECONOMIC INSECURITY, LIMITED EDUCATIONAL ATTAINMENT OR CHALLENGING...

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WORKFORCE DEVELOPMENT SERVES ADULTS 25 AND OLDER WITH AN EMPHASIS ON INDIVIDUALS WHO FACE AN ELEVATED RISK OF RE-OFFENDING DUE TO ECONOMIC INSECURITY, LIMITED EDUCATIONAL ATTAINMENT OR CHALLENGING SOCIAL AND PERSONAL CIRCUMSTANCES.

Program 3
Expenses: $949,699 Revenue: $741,609

CRITICAL REPAIR IS THERE TO MEET THE EXPANDING NEEDS OF THE HEALTHCARE WORKFORCE AND PARTICIPANTS CAN EARN CREDENTIALS IN PHLEBOTOMY AND CERTIFIED NURSING ASSISTANT. PARTICIPANTS CAN ALSO PURSUE...

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CRITICAL REPAIR IS THERE TO MEET THE EXPANDING NEEDS OF THE HEALTHCARE WORKFORCE AND PARTICIPANTS CAN EARN CREDENTIALS IN PHLEBOTOMY AND CERTIFIED NURSING ASSISTANT. PARTICIPANTS CAN ALSO PURSUE TRAINING TO OBTAIN A COMMERCIAL DRIVER S LICENSE PREPARING THEM FOR JOBS IN TRANSPORTATION LOGISTICS AND COMMERCIAL DELIVERY

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,411,609
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,411,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770,926
Fundraising Expenses $0
Program Expenses $2,084,968
Other Expenses $1,267,487
TOTAL EXPENSES $2,038,413

Year-over-Year Comparison

2024 2023 Change
Revenue $1,411,609 $1,802,114 -0.2%
Expenses $2,038,413 $1,784,671 +0.1%
Net Income $-626,804 $17,443 -36.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
26
Independent Members
26
Employees
23
Volunteers
N/A

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
0
$0
Total Directors
26
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROD JONES CHAIRMAN 20
Director
$0 $0 $0
RUKEYA MCCOLLOUGH VICE CHAIRMAN 10
Director
$0 $0 $0
SHIRLEY DAVIS SECRETARY 5
Director
$0 $0 $0
WARDINE ALEXANDER DIRECTOR 5
Director
$0 $0 $0
ANDRE ASBERRY DIRECTOR 5
Director
$0 $0 $0
ASHLEY BLADE CARLISLE DIRECTOR 1
Director
$0 $0 $0
RICHARD BUSBY DIRECTOR 1
Director
$0 $0 $0
WARREN CALLAWAY DIRECTOR 1
Director
$0 $0 $0
CAROLE CLARKE DIRECTOR 1
Director
$0 $0 $0
DARIUS DAVENPORT DIRECTOR 1
Director
$0 $0 $0
JERRY DAVENPORT DIRECTOR 1
Director
$0 $0 $0
AL DENSON DIRECTOR 1
Director
$0 $0 $0
EVANNE GIBSON DIRECTOR 1
Director
$0 $0 $0
JOHN HACKETT JR DIRECTOR 1
Director
$0 $0 $0
TRACY HIPPS DIRECTOR 1
Director
$0 $0 $0
PAUL HUGHES DIRECTOR 1
Director
$0 $0 $0
JANICE KELSEY DIRECTOR 1
Director
$0 $0 $0
SONYA KING DIRECTOR 1
Director
$0 $0 $0
MELVA LANGFORD DIRECTOR 1
Director
$0 $0 $0
GENE MCCORD DIRECTOR 1
Director
$0 $0 $0
MYLES MCKEE DIRECTOR 1
Director
$0 $0 $0
TRACEY MORANT ADAMS DIRECTOR 1
Director
$0 $0 $0
PAUL PENCE DIRECTOR 1
Director
$0 $0 $0
LORRAINE PRINGLE DIRECTOR 1
Director
$0 $0 $0
RICHARD SIMMONS DIRECTOR 1
Director
$0 $0 $0
TAWANNA WRIGHT DIRECTOR 1
Director
$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 $1,411,609 $2,038,413 $241,643 $-626,804
2023 $1,802,114 $1,697,286 $35,767 $104,828
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