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Cornerstones Housing Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.07M (2023)

Expenses
$1.43M (2023)

Total Assets
$10M (2023)

Total Liabilities
$9.25M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,067,653
Expenses
$1,434,349
Net Income
-$366,696
Net Assets
$778,462
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,189
0.1%
Program Services $1,035,891
97.0%
Investment Income $30,573
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,028,391
Total Liabilities $9,249,929
Net Assets $778,462
Compensation
Key Employees and Officers Compensation Related Other
Cheryl Simpkins (Chair) $0 $0 $0
Christy Zeitz (Vice Chair) $0 $0 $0
Fran Steinbauer (Treasurer) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $177,893 $8,239
John D Thomas (Immediate Past Chair) $0 $0 $0
Esther B Johnson (Director) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Kevin Schaar (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,074,592
Expenses
$1,225,017
Net Income
-$150,425
Net Assets
$1,145,158
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,049,262
97.6%
Investment Income $11,557
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $13,773
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,378,427
Total Liabilities $9,233,269
Net Assets $1,145,158
Compensation
Key Employees and Officers Compensation Related Other
John D Thomas (Chair) $0 $0 $0
Cheryl Simpkins (Vice Chair) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $178,310 $9,301
Fran Steinbauer (Immediate Past Chair) $0 $0 $0
Christy Zeitz (Director) $0 $0 $0
Esther B Johnson (Director) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Kevin Schaar (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,362,990
Expenses
$1,171,725
Net Income
$191,265
Net Assets
$1,295,583
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,069,449
78.5%
Investment Income $11,610
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $281,931
20.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,456,909
Total Liabilities $9,161,326
Net Assets $1,295,583
Compensation
Key Employees and Officers Compensation Related Other
Fran Steinbauer (Chair) $0 $0 $0
John D Thomas (Chair) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $179,059 $8,870
Esther B Johnson (Director) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Cheryl Simpkins (Vice Chair) $0 $0 $0
Casey Veatch (Director) $0 $0 $0
Christy Zeitz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,057,971
Expenses
$1,133,311
Net Income
-$75,340
Net Assets
$1,104,318
Notable Sources of Revenue Percent of Total Revenue
Contributions $12,502
1.2%
Program Services $1,030,279
97.4%
Investment Income $15,104
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $86
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,530,613
Total Liabilities $9,426,295
Net Assets $1,104,318
Compensation
Key Employees and Officers Compensation Related Other
Fran Steinbauer (Chair) $0 $0 $0
John D Thomas (Vice Chair) $0 $0 $0
Jim Cleveland (Treasurer) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $189,846 $8,636
Esther B Johnson (Director) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0
Christy Zeitz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,077,342
Expenses
$1,213,461
Net Income
-$136,119
Net Assets
$1,179,658
Notable Sources of Revenue Percent of Total Revenue
Contributions $29,648
2.8%
Program Services $1,029,503
95.6%
Investment Income $18,157
1.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $34
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,622,892
Total Liabilities $9,443,234
Net Assets $1,179,658
Compensation
Key Employees and Officers Compensation Related Other
Esther B Johnson (Immediate Past Chair) $0 $0 $0
John D Thomas (Vice Chair) $0 $0 $0
Fran Steinbauer (Chair) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $176,558 $8,407
Jim Cleveland (Treasurer) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Jeanine Gravette (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0
Christy Zeitz (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,072,312
Expenses
$1,138,520
Net Income
-$66,208
Net Assets
$1,315,777
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,583
3.2%
Program Services $1,023,715
95.5%
Investment Income $13,959
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $55
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,359,472
Total Liabilities $9,043,695
Net Assets $1,315,777
Compensation
Key Employees and Officers Compensation Related Other
Esther B Johnson (President) $0 $0 $0
John D Thomas (Vice President) $0 $0 $0
Fran Steinbauer (Treasurer) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $167,840 $7,754
Jim Cleveland (Director) $0 $0 $0
Robert Goudie (Director) $0 $0 $0
Jeanine Gravette (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,043,584
Expenses
$1,133,075
Net Income
-$89,491
Net Assets
$1,381,985
Notable Sources of Revenue Percent of Total Revenue
Contributions $74,395
7.1%
Program Services $956,120
91.6%
Investment Income $13,069
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,371,956
Total Liabilities $8,989,971
Net Assets $1,381,985
Compensation
Key Employees and Officers Compensation Related Other
Esther B Johnson (President) $0 $0 $0
John D Thomas (Vice President) $0 $0 $0
Jim Cleveland (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Jeanine Gravette (Director) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $160,254 $7,146
Robert Goudie (Director) $0 $0 $0
Ellen Graves (Director) $0 $0 $0
Fran Steinbauer (Treasurer) $0 $0 $0
Casey Veatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$906,320
Expenses
$1,009,195
Net Income
-$102,875
Net Assets
$1,471,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $39,127
4.3%
Program Services $853,022
94.1%
Investment Income $11,846
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,325
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,253,987
Total Liabilities $8,782,511
Net Assets $1,471,476
Compensation
Key Employees and Officers Compensation Related Other
Daryl Hall (President) $0 $0 $0
Esther B Johnson (Vice President) $0 $0 $0
Karyn Sandelman (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Jeanine Gravette (Director) $0 $0 $0
Kerrie B Wilson (Secretary) $0 $166,349 $7,174
Robert Goudie (Director) $0 $0 $0
Ellen Graves (Director) $0 $0 $0
Fran Steinbauer (Treasurer) $0 $0 $0
John D Thomas (Director) $0 $0 $0
Casey Veatch (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$925,721
Expenses
$942,195
Net Income
-$16,474
Net Assets
$1,533,349
Notable Sources of Revenue Percent of Total Revenue
Contributions $128,721
13.9%
Program Services $784,059
84.7%
Investment Income $12,881
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $60
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,096,058
Total Liabilities $8,562,709
Net Assets $1,533,349
Compensation
Key Employees and Officers Compensation Related Other
Mike Scheurer (President) $0 $0 $0
William H Bill Lauer (Vice President) $0 $0 $0
Daryl Hall (Treasurer) $0 $0 $0
Esther B Johnson (Secretary) $0 $0 $0
Karyn Sandelman (Director) $0 $0 $0
Cheryl Simpkins (Director) $0 $0 $0
Jeanine Gravette (Director) $0 $0 $0
Kerrie B Wilson (Ceo, Cornerstones, Inc.) $0 $164,101 $6,564

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$965,805
Expenses
$847,428
Net Income
$118,377
Net Assets
$1,549,823
Notable Sources of Revenue Percent of Total Revenue
Contributions $98,610
10.2%
Program Services $851,843
88.2%
Investment Income $15,352
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,056,696
Total Liabilities $8,506,873
Net Assets $1,549,823

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$841,217
Expenses
$870,354
Net Income
-$29,137
Net Assets
$1,431,446
Notable Sources of Revenue Percent of Total Revenue
Contributions $77,186
9.2%
Program Services $746,366
88.7%
Investment Income $17,415
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $250
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $10,171,348
Total Liabilities $8,739,902
Net Assets $1,431,446

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$789,641
Expenses
$764,748
Net Income
$24,893
Net Assets
$1,460,583
Notable Sources of Revenue Percent of Total Revenue
Contributions $56,480
7.2%
Program Services $713,084
90.3%
Investment Income $19,089
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $988
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $8,796,129
Total Liabilities $7,335,546
Net Assets $1,460,583

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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