Cornerstone Community Development Corp Inc

EIN: 752623357 501(c)(3) Human Services

DALLAS, TX

Total Revenue
$732,000
Total Expenses
$721,354
Total Assets
$77,981
Net Assets
$77,981
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
Chris L Simmons
Phone
2144265468
Tax Period
2023-01-01 to 2023-12-31

Cornerstone Community Development Corp Inc, founded in 1996, is a small nonprofit in the Human Services sector that reported $732K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

The Cornerstone Community Development Corporation, Inc. exists to assist the residents in the South Dallas/Fair Park community in breaking out of the cycle of poverty and become contributing members of the neighborhood. This year, some of the most significant activities included: 1. Homeless Outreach - providing food, clothing, showers, and medical care to those in need. 2. After School Programming - providing after school and summer day camp to neighborhood children. 3. Affordable and transitional housing - assisting those without a home have a place to call home.

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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 $732,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $732,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $97,354
Fundraising Expenses $0
Program Expenses $570,000
Other Expenses $624,000
TOTAL EXPENSES $721,354

Year-over-Year Comparison

2023 2022 Change
Revenue $732,000 $525,000 +0.4%
Expenses $721,354 N/A N/A
Net Income $10,646 $525,000 -1.0%
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

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Governance

Voting Members
11
Independent Members
N/A
Employees
N/A
Volunteers
2000

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
$0
Total Directors
4
$0
Key Employees
2
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRIS L SIMMONS President 20.00
Officer
$0 $0 $0
CHARLES JONES Vice President 10.00
Officer
$0 $0 $0
GERALD DAVIS Treasurer 25.00
Officer Key Emp
$0 $0 $0
CHARLOTTE RUNNELS Secretary 10.00
Officer
$0 $0 $0
SHEILA HENRY Director 5.00
Director
$0 $0 $0
SHERIAN SMITH Director 5.00
Director
$0 $0 $0
TAMECA HARRIS Director 5.00
Director
$0 $0 $0
LONNIE MITCHELL Director 5.00
Director
$0 $0 $0
WILLIAM HOOD Director 5.00
$0 $0 $0
KELIN PORTER Housing Coordinator 5.00
Highest
$0 $0 $0
CHRISTINA HOOD Director 5.00
$0 $0 $0
BARBARA BIDDLE Administrative Assistant 20.00
Key Emp
$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 $732,000 $721,354 $77,981 $10,646
2022 $525,000 No data $4,512,335 No data
2020 $678,481 $658,787 $1,804,110 $19,694
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