CORNERSTONE RENTER EQUITY INC

EIN: 311170803 501(c)(3)

CINCINNATI, OH

Total Revenue
$889,138
Total Expenses
$1,061,804
Total Assets
$5,244,077
Net Assets
$2,983,510
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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
OH
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 MANAGES RENTER EQUITY (SM) HOUSING FOR LOW-INCOME HOUSEHOLDS.

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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 $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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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
13

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
4
$116,735
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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