CORNERSTONE COMMUNITY HOUSING INC (EIN 521857927) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

SHEILA HELGERSON

Phone

4105220225

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE COMMUNITY HOUSING INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $602K in total revenue in fiscal year 2024. Expenses of $722K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION OPERATES TWO TRANSITIONAL HOUSING PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $428,551

Program Service Revenue $186,033

Investment Income $1,348

Other Revenue $-13,616

TOTAL REVENUE $602,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $367,050

Fundraising Expenses $63,453

Program Expenses $551,637

Other Expenses $355,196

TOTAL EXPENSES $722,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,316	$573,101	+0.1%
Expenses	$722,246	$733,453	0.0%
Net Income	$-119,930	$-160,352	-0.3%

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

$72,030

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN POWERS	CHAIR	2.50	Officer Director	$0	$0	$0
THOMAS BOND III	VICE CHAIR	2.50	Officer Director	$0	$0	$0
RACHEL WOLCHOK	SECRETARY	2.50	Officer Director	$0	$0	$0
ANTHONY PARROTT	TREASURER	2.50	Officer Director	$0	$0	$0
REGINALD BENBOW	DIRECTOR UNTIL 5/24	2.50	Director	$0	$0	$0
CHARLES BROWN	DIRECTOR	2.50	Director	$0	$0	$0
KAREN BARTELL	DIRECTOR	2.50	Director	$0	$0	$0
ERICKA MCCLAMMY	SECRETARY UNTIL 5/24	2.50	Officer Director	$0	$0	$0
JARED THOMAS	DIRECTOR	2.50	Director	$0	$0	$0
SHEILA HELGERSON	EXECUTIVE DIRECTOR	40.00	Officer	$66,188	$5,842	$72,030

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	$602,316	$722,246	$2,961,776	$-119,930
2023	$573,101	$733,453	$3,066,990	$-160,352
2022	$895,302	$709,503	$3,234,269	$185,799
2021	$759,615	$656,951	$3,123,545	$102,664
2020	$525,416	$698,110	$3,098,458	$-172,694
2018	$1,170,067	$659,142	$3,463,172	$510,925

CORNERSTONE COMMUNITY HOUSING INC