CORNERSTONE RENTER EQUITY 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

1986

Legal Domicile

Principal Officer

LARRY WILLIAMS

Phone

5133690114

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE RENTER EQUITY INC, founded in 1986, is a small nonprofit that reported $889K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 19% operating deficit.

Mission

CORNERSTONE RENTER EQUITY (CSRE) IS A COMMUNITY-ORIENTED PARTNER PROVIDING A CUSTOMIZED, FAMILY CENTERED APPROACH TO ASSET BUILDING AND PERSONAL GROWTH THROUGH AN INNOVATIVE PROGRAM CALLED RENTER EQUITY. THE RENTER EQUITY PROGRAM PROVIDES A UNIQUE OPPORTUNITY FOR LOW- INCOME RENTERS TO ACCUMULATE AN ASSET THEY HAVE TRADITIONALLY BEEN UNABLE TO ACCESS- EQUITY.

Program Service Accomplishments

Program 1

Expenses: $732,867 Revenue: $245,240

AFFORDABLE HOUSING: CSRE OWNS AND MANAGES 25 UNITS OF AFFORDABLE HOUSING. ADDITIONALLY, CSRE PARTNERS WITH PRESERVATION OF AFFORDABLE HOUSING (POAH) OWN ANOTHER 50 UNITS LOCATED IN THE OVER THE RHINE...

Program 2

Expenses: $129,330

RENTER EQUITY PROGRAM: AVAILABLE TO LOW-INCOME RENTERS IN OVER-THE-RHINE. THE PROGRAM SERVES APPROXIMATELY 163 INDIVIDUALS ANNUALLY. THE PROGRAM PROVIDES AFFORDABLE HOUSING RESIDENTS TO JOIN AN...

RENTER EQUITY PROGRAM: AVAILABLE TO LOW-INCOME RENTERS IN OVER-THE-RHINE. THE PROGRAM SERVES APPROXIMATELY 163 INDIVIDUALS ANNUALLY. THE PROGRAM PROVIDES AFFORDABLE HOUSING RESIDENTS TO JOIN AN EQUITY EARNING CLUB THAT PROVIDES MEMBERS THE OPPORTUNITY TO BUILD EQUITY BY INVESTING IN THEMSELVES AND THE COMMUNITY.

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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 $637,314

Program Service Revenue $224,047

Investment Income $6,584

Other Revenue $21,193

TOTAL REVENUE $889,138

Expense Breakdown

Grants Paid $30,295

Salaries & Benefits $463,389

Fundraising Expenses $60,973

Program Expenses $862,197

Other Expenses $568,120

TOTAL EXPENSES $1,061,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$889,138	$1,129,703	-0.2%
Expenses	$1,061,804	$933,204	+0.1%
Net Income	$-172,666	$196,499	-1.9%

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

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

$116,735

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALISA BERRY	EXECUTIVE DIRECTOR	40.00	Officer	$101,395	$15,340	$116,735
BERNICE COOPER	TRUSTEE	0.50	Director	$0	$0	$0
JOHN HANCOCK	TRUSTEE	0.50	Director	$0	$0	$0
KURT HIBBETT	TRUSTEE	0.50	Director	$0	$0	$0
KURT BILLUPS	TRUSTEE	0.50	Director	$0	$0	$0
BOB MALY THROUGH 723	TRUSTEE	0.50	Director	$0	$0	$0
BRIAN SMYTH	TRUSTEE	0.50	Director	$0	$0	$0
JOE SUNDERMAN	TRUSTEE	0.50	Director	$0	$0	$0
GLORIA SAMUEL	TRUSTEE	0.50	Director	$0	$0	$0
MAX KILB	TRUSTEE	0.50	Director	$0	$0	$0
LAUREN MATUS STARTING 323	TRUSTEE	0.50	Director	$0	$0	$0
ABBY CREWS STARTING 623	TRUSTEE	0.50	Director	$0	$0	$0
ANDREW POLTORAK STARTING 623	TRUSTEE	0.50	Director	$0	$0	$0
JASON JONES STARTING 923	TRUSTEE	0.50	Director	$0	$0	$0
LARRY WILLIAMS	PRESIDENT	5.00	Officer Director	$0	$0	$0
JONATHAN BENNIE	SECRETARY	2.00	Officer Director	$0	$0	$0
BRENDON DUNIGAN	TREASURER	0.50	Officer 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	No data	No data	No data	No data
2023	$889,138	$1,061,804	$5,244,077	$-172,666
2022	$1,129,703	$933,204	$5,498,631	$196,499
2021	$1,123,545	$864,480	$5,785,677	$259,065
2020	$906,217	$901,405	$5,729,777	$4,812
2019	$718,731	$681,310	$5,846,527	$37,421
2018	$1,794,649	$715,998	$5,946,348	$1,078,651