CORNERSTONE HOMES RIVER GARDEN INC

EIN: 262832815 501(c)(3) Housing & Shelter

LAKE CHARLES, LA

Total Revenue
$439,042
Total Expenses
$554,334
Total Assets
$4,955,122
Net Assets
$-2,429,974
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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
2005
Legal Domicile
LA
Principal Officer
PASTOR CHARLES SOUTHALL
Phone
3373326004
Tax Period
2023-01-01 to 2023-12-31

CORNERSTONE HOMES RIVER GARDEN INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $439K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $554K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE LOW RENT HOUSING FOR THOSE QUALIFYING.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $260,166
Program Service Revenue $178,611
Investment Income $265
Other Revenue $0
TOTAL REVENUE $439,042

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,357
Fundraising Expenses $0
Program Expenses $437,512
Other Expenses $472,977
TOTAL EXPENSES $554,334

Year-over-Year Comparison

2023 2022 Change
Revenue $439,042 $335,112 +0.3%
Expenses $554,334 $583,412 0.0%
Net Income $-115,292 $-248,300 -0.5%
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

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Governance

Voting Members
3
Independent Members
3
Employees
6
Volunteers
3

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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MOSES S GORDON II Director 0.50
Director
$0 $0 $0
ARTHUR WILLIAMS JR Director 0.50
Director
$0 $0 $0
PASTOR CHARLES SOUTHALL President & CEO 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
2023 $439,042 $554,334 $4,955,122 $-115,292
2022 $335,112 $583,412 $5,184,644 $-248,300
2021 $322,750 $486,800 $5,357,171 $-164,050
2020 $323,064 $550,123 $5,518,830 $-227,059
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