Cornerstone Senior Communities

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Provide retirement housing and independent living to Senior citizens.

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0273031) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 15 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $36K a year · 33% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
71%
of spending
71% of spending went to programs.
Pt IX · Ln 25 · col B
1.0 mo
of spending, in cash
1.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$234K
61% of total assets
Liabilities are 61% of assets.
Pt X · Ln 26
Independent board members
6
of 6 voting members
6 of 6 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$162K
+39% vs prior year
Spent
$169K
To programs
71%
Net assets
$147K
By yearFY2020–FY2025
Revenue
$162K
FY2025▲ +39%
Tap a bar for its year
Revenue by fiscal year
FY2020$87K
FY2021$93K
FY2022$98K
FY2023$112K
FY2024$116K
FY2025$162K
Expenses
$169K
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$142K
FY2021$147K
FY2022$137K
FY2023$144K
FY2024$147K
FY2025$169K
Net assets
$147K
FY2025▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$311K
FY2021$257K
FY2022$217K
FY2023$185K
FY2024$155K
FY2025$147K

From the FY2025 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $120K Management & general 29% · $49K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Di
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Cornerstone Senior Communities executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers senior citizens affordable housing and support for independent living.

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1 program · $120K · in their own filed words · FY2025
01

Dedication to enriching the quality of life of senior citizens wishing to maintain an independent lifestyle who, by virtue of age, require some assistance to maintain an independent lifestyle.

Form 990 Part III, line 4, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-0273031) · Dispute this line
$120Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$162K
Ln 12
Fees for servicesLn 2g$135K
Other incomeLn 4–11$27K
Investment incomeLn 3$141
Money outPt IX
$169K
Ln 25
Programscol B$120K
Managementcol C$49K
Owns and owesPt X
$147K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$381K
LiabilitiesLn 26$234K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$135K
Investment incomeLn 3$141
Other incomeLn 4–11$27K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Prepaid expenses and deferred chargesLn 9$3K
Land, buildings, equipmentLn 10c$338K
Other assetsLn 15$27K
Total assetsLn 16$381K
LiabilitiesLn 26$234K
Net assetsLn 32$147K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$17K$14K
Land, buildings, equipmentLn 10c$380K$338K
Total assetsLn 16$400K$381K
LiabilitiesLn 26$245K$234K
Net assetsLn 32$155K$147K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K$18K
Accounting feesLn 11c$10K$10K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$6K$6K
OccupancyLn 16$4K$4K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$54K$54K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$60K$55K$4K
Total functional expensesLn 25$169K$120K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Aug 7, 2026 $162K$169K−$8K$147K 990 PDF
FY2024Filed with the IRS Jul 22, 2025 $116K$147K−$31K$155K 990 PDF
FY2023Filed with the IRS Sep 9, 2024 $112K$144K−$32K$185K 990 PDF
FY2022Filed with the IRS Sep 7, 2023 $98K$137K−$39K$217K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $93K$147K−$54K$257K 990 PDF
FY2020Filed with the IRS Sep 16, 2021 $87K$142K−$54K$311K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $161,677 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $115,732$134,620
I-10 Investment incomePrior year $223$141
I-11 Other revenue$26,916
I-12 Total revenuePrior year $115,955$161,677
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $146,524$169,281
I-18 Total expensesPrior year $146,524$169,281
I-19 Revenue less expensesPrior year −$30,569−$7,604
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $161,677 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $134,620$134,620
VIII-3 Investment incomeExcluded from tax $141$141
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $26,916$26,916
VIII-12 Total revenueRelated to mission $161,536 · Excluded from tax $141$161,677
Part IX · Statement of functional expenses $169,281 across 9 lines filed
IX-11a Management feesManagement $18,000$18,000
IX-11c Accounting feesManagement $9,925$9,925
IX-12 Advertising and promotionManagement $1,900$1,900
IX-13 Office expensesPrograms $6,429$6,429
IX-16 OccupancyPrograms $4,437$4,437
IX-20 InterestManagement $4,018$4,018
IX-22 Depreciation, depletion and amortizationPrograms $53,631$53,631
IX-23 InsuranceManagement $11,368$11,368
IX-24 Other expenses (24a–d)Programs $55,342 · Management $4,231$59,573
IX-25 Total functional expensesPrograms $119,839 · Management $49,442 · Fundraising $0$169,281
Part X · Balance sheet $380,690 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $17,041$13,508
X-9 Prepaid expenses and deferred chargesStart of year $2,707$2,707
X-10c Land, buildings and equipment, netStart of year $380,128$337,559
X-15 Other assets$26,916
X-16 Total assetsStart of year $399,876$380,690
X-17 Accounts payable and accrued expensesStart of year $164,214$179,874
X-23 Secured mortgages and notes payableStart of year $81,101$53,860
X-26 Total liabilitiesStart of year $245,315$233,734
X-31 Retained earnings or endowmentStart of year $154,561$146,956
X-32 Total net assets or fund balancesStart of year $154,561$146,956
X-33 Total liabilities and net assetsStart of year $399,876$380,690
Part XI · Reconciliation of net assets $146,956 net assets at year end
XI-1 Total revenue$161,677
XI-2 Total expenses$169,281
XI-3 Revenue less expenses−$7,604
XI-4 Net assets at start of year$154,561
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$146,956

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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