NORTH HOLLYWOOD, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $691K in total revenue in fiscal year 2024. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 125% operating deficit.
TO PROVIDE ADULT LIVING FOR THOSE WHO HAVE INTELLECTUAL & DEVELOPMENTAL DISABILITIES. CURRENTLY IN THE DEVELOPMENT STAGE OF DEVELOPING LIVING STRUCTURE.
THE ORGANIZATION INTENDS TO DEVELOP AND OPERATE SUBSIDIZED HOUSING FOR PERSONS IN THE GREATER LOS ANGELES COMMUNITY WITH RECOGNIZED PHYSICAL OR MENTAL DISABILITIES OR DEVELOPMENTAL DISORDERS, WHO...
THE ORGANIZATION INTENDS TO DEVELOP AND OPERATE SUBSIDIZED HOUSING FOR PERSONS IN THE GREATER LOS ANGELES COMMUNITY WITH RECOGNIZED PHYSICAL OR MENTAL DISABILITIES OR DEVELOPMENTAL DISORDERS, WHO HAVE LIMITED FINANCIAL RESOURCES AND ARE DEPENDENT TO SOME EXTENT ON PUBLIC AND CHARITABLE ASSISTANCE. THE ORGANIZATION BEGAN A CAPITAL CAMPAIGN TO RAISE FUNDS TO DEVELOP A CENTER THAT INCLUDES MORE THAN 60 INDIVIDUAL APARTMENTS, PROGRAM, FITNESS, AND KITCHEN AND DINING AREAS, AS WELL AS LEASED RETAIL SPACE. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION ACQUIRED THE LAND AND BUILDING THAT WILL BE TRANSFORMED INTO THE CENTER. DURING FISCAL YEAR 2021, THE CONSTRUCTION PROJECT BEGAN TO TRANSFORM THE LOCATION INTO THE INTENDED COMMUNITY WHICH IS EXPECTED TO BE COMPLETED IN 2026.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $691,067 | $5,680,609 | -0.9% |
| Expenses | $1,553,007 | $1,062,505 | +0.5% |
| Net Income | $-861,940 | $4,618,104 | -1.2% |
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 |
|---|---|---|---|---|---|---|
| KAMBIZ BABAOFF | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SCOTT KRIEGER | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN M GLASER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC SCHWARTZ | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE SAVITSKY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN DARRISON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AVI RYZMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MICHAEL HELD | EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $691,067 | $1,553,007 | $44,558,817 | $-861,940 |
| 2023 | $5,680,609 | $1,062,505 | $39,084,611 | $4,618,104 |
| 2022 | $11,507,131 | $603,940 | $32,943,869 | $10,903,191 |
| 2021 | $3,466,322 | $539,786 | $21,843,953 | $2,926,536 |
| 2020 | $9,617,908 | $340,192 | $19,176,060 | $9,277,716 |
Compare CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES with other nonprofits in California and across the country.