CORNERSTONEST LUKE'S 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

1996

Legal Domicile

Principal Officer

RICHARD BURNS

Phone

2027895300

Tax Period

2022-01-01 to 2022-12-31

CORNERSTONEST LUKE'S INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $328K in total revenue in fiscal year 2022. The organization ran a surplus of $328K, a strong 100% operating margin.

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $171 Revenue: $328,320

TO HELP IN PROVIDING 216 UNITS OF LOW INCOME HOUSING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $328,320

Investment Income $0

Other Revenue $0

TOTAL REVENUE $328,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $171

Other Expenses $171

TOTAL EXPENSES $171

Year-over-Year Comparison

	2022	2021	Change
Revenue	$328,320	$315,177	+0.0%
Expenses	$171	$159	+0.1%
Net Income	$328,149	$315,018	+0.0%

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

N/A

Employees

N/A

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

$2,695,604

Total Directors

$1,237,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH P WIEDORFER	BOARD MEMBER / VICE PRESID	1.00	Officer Director	$0	$19,908	$270,449
RICHARD BURNS	BOARD MEMBER / PRESIDENT	1.00	Officer Director	$0	$16,990	$715,142
THOMAS G VACCARO	BOARD MEMBER / SECRETARY	1.00	Officer Director	$0	$35,979	$252,058
ALLA ELEON	TREASURER	1.00	Officer	$0	$26,944	$300,983
CARLOS GONZALES	VICE PRESIDENT	1.00	Officer	$0	$15,841	$275,456
ERIC PRICE	VICE PRESIDENT	1.00	Officer	$0	$0	$396,590
STEPHEN M GREEN	VICE PRESIDENT	1.00	Officer	$0	$32,145	$484,926

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
2022	$328,320	$171	$8,201,712	$328,149
2021	$315,177	$159	$7,873,391	$315,018
2020	$302,560	$11	$7,558,213	$302,549
2019	$290,449	No data	$7,255,653	No data
2018	$278,822	No data	$6,965,204	No data