RESTON, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Cornerstones Housing Corporation, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2018. Expenses of $1.2M exceeded revenue, resulting in a 13% operating deficit.
CORNERSTONES HOUSING CORPORATION (CHC) OPERATES AS THE AFFORDABLE HOUSING ARM OF CORNERSTONES, INC. TOGETHER, CORNERSTONES AND ITS SUBSIDIARY CHC HAVE SERVED FAIRFAX COUNTY LOW- TO MODERATE-INCOME RESIDENTS FOR OVER 50 YEARS. WORKING IN LONG-TERM PARTNERSHIP WITH LOCAL JURISDICTIONS, CHC PROVIDES AFFORDABLE RENTAL HOUSING AND WRAP-AROUND SUPPORTS TO FAMILIES AND INDIVIDUALS EXPERIENCING HOMELESSNESS OR WHO ARE UNABLE TO MAINTAIN STABLE HOUSING DUE TO ECONOMIC OR OTHER HARDSHIPS. AS PART OF OUR SIGNATURE APPROACH, WE PROVIDE ALL TENANTS WITH ACCESS TO SUPPORTIVE PROGRAMS AND SERVICES SUCH AS FOOD, QUALITY CHILDCARE, JOB SKILLS TRAINING, AND CASE MANAGEMENT TO BUILD FAMILY RESILIENCY AND OPPORTUNITY. THROUGH THESE PROGRAMS WE OFFER STABILITY, EMPOWERMENT, AND HOPE FOR NORTHERN VIRGINIA'S MOST VULNERABLE NEIGHBORS.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $989,833 | $1,367,720 | -0.3% |
| Expenses | $1,351,311 | $1,327,704 | +0.0% |
| Net Income | $-361,478 | $40,016 | -10.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHERYL SIMPKINS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTY ZEITZ | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRAN STEINBAUER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KERRIE B WILSON | SECRETARY | 20.00 |
Officer
Director
|
$0 | $8,874 | $208,458 |
| JOHN D THOMAS | IMMEDIATE PAST CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| ESTHER B JOHNSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT GOUDIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN SCHAAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CASEY VEATCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $989,833 | $1,351,311 | $9,354,852 | $-361,478 |
| 2024 | No data | No data | No data | No data |
| 2023 | $1,067,653 | $1,434,349 | $10,028,391 | $-366,696 |
| 2022 | $1,074,592 | $1,225,017 | $10,378,427 | $-150,425 |
| 2021 | $1,362,990 | $1,171,725 | $10,456,909 | $191,265 |
| 2020 | $1,057,971 | $1,133,311 | $10,530,613 | $-75,340 |
| 2019 | $1,077,342 | $1,213,461 | $10,622,892 | $-136,119 |
Compare CORNERSTONES HOUSING CORPORATION with other nonprofits in Virginia and across the country.