CORNERSTONE FOLSOM GARDENS CORPORATION I (EIN 680340842) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

CORNERSTONE FOLSOM GARDENS CORPORATION I, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $673K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $126K, a strong 19% operating margin.

Mission

CORNERSTONE FOLSOM GARDENS CORPORATION I IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF ACQUIRING AND OPERATING A 48 UNIT APARTMENT COMMUNITY KNOWN AS FOLSOM GARDENS APARTMENTS LOCATED IN FOLSOM, CALIFORNIA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $327,549

Program Service Revenue $293,770

Investment Income $143

Other Revenue $51,811

TOTAL REVENUE $673,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $531,887

Other Expenses $546,963

TOTAL EXPENSES $546,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$673,273	$599,240	+0.1%
Expenses	$546,963	$567,980	0.0%
Net Income	$126,310	$31,260	+3.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$2,688,507

Total Directors

$237,530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILLIAN LEW-HAILER	DIRECTOR	1.00	Director	$0	$17,820	$237,530
JANET RUGGIERO	DIRECTOR	1.00	Director	$0	$0	$0
STAN KEASLING	CHAIR/DIRECTOR	1.00	Director	$0	$0	$0
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUG SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ELIZABETH KUWADA	VICE PRESIDENT	1.00	Officer	$0	$22,734	$220,151
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
JOSEPH ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RAMIE DARE	VICE PRESIDENT	1.00	Officer	$0	$20,964	$250,355
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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	$673,273	$546,963	$1,525,717	$126,310
2022	$599,240	$567,980	$1,432,771	$31,260
2021	$572,695	$558,365	$1,371,886	$14,330
2020	$545,719	$515,050	$1,346,860	$30,669
2019	$540,618	$495,420	$1,359,343	$45,198
2018	$522,389	$469,209	$1,364,380	$53,180

CORNERSTONE FOLSOM GARDENS CORPORATION I