CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES (EIN 842737310) - 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

2019

Legal Domicile

Principal Officer

DR MICHAEL HELD

Phone

8189853882

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO PROVIDE ADULT LIVING FOR THOSE WHO HAVE INTELLECTUAL & DEVELOPMENTAL DISABILITIES.

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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 $388,475

Program Service Revenue $0

Investment Income $243,023

Other Revenue $59,569

TOTAL REVENUE $691,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $440,871

Program Expenses $602,417

Other Expenses $1,553,007

TOTAL EXPENSES $1,553,007

Year-over-Year Comparison

	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%

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
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

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	$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

CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES