CORNERSTONE COMMUNITY DEVELOPMENT CORP (EIN 815454306) - 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

2016

Legal Domicile

Principal Officer

NIKKI L THOMAS

Phone

3049395726

Tax Period

2024-01-01 to 2024-12-31

CORNERSTONE COMMUNITY DEVELOPMENT CORP, founded in 2016, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2024. The organization ran a surplus of $459K, a strong 26% operating margin.

Mission

TO OFFER HOUSING ALONG WITH COMMUNITY DEVELOPMENT, MANAGEMENT AND OPERATIONS OF SOCIAL SERVICES. SEEK FUNDING TO PROVIDE HOUSING TO LOW INCOME SENIORS, AND SPECIAL NEEDS PERSONS. DEMOLITION AND REHABILITATION OF EXISTING STRUCTURES, LAND DEVELOPMENT AND CONSTRUCTION.

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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 $353,500

Program Service Revenue $1,415,059

Investment Income $0

Other Revenue $4,116

TOTAL REVENUE $1,772,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,313,794

Other Expenses $1,313,794

TOTAL EXPENSES $1,313,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,772,675	$-383,818	-5.6%
Expenses	$1,313,794	$170,904	+6.7%
Net Income	$458,881	$-554,722	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROCKY ADKINS	TREASURER	3.00	Officer Director	$0	$0	$0
BRENDA LANDERS	SECRETARY	20.00	Officer Director	$0	$0	$0
NIKKI L THOMAS	PRESIDENT	20.00	Officer Director	$0	$0	$0
RANDY SAUNDERS	VICE PRESIDE	3.00	Officer Director	$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	$1,772,675	$1,313,794	$494,957	$458,881
2023	$-383,818	$170,904	$36,076	$-554,722
2022	$107,794	$122,247	$1,539,063	$-14,453
2021	$559,431	$140,702	$1,585,024	$418,729
2020	$53,361	$95,971	$1,186,572	$-42,610
2019	$176,292	$57,704	$1,229,113	$118,588
2018	$93,196	$104,522	$1,190,525	$-11,326

CORNERSTONE COMMUNITY DEVELOPMENT CORP