Cornerstone Renter Equity INC FY2020 filing

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Cornerstone manages Renter Equity (sm) housing for low-income households.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1170803) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$94K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $42K a year · 4% of revenue · last 5 filings
A surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
81% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$94K
to officers and key staff · 10% of spending
Pay to officers and key staff is 10% of spending.
Part VII, Section A
8.7 mo
of spending, in cash
Plus $1.6M in investments, Pt X · Ln 11–13
8.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
53% of total assets
Liabilities are 53% of assets.
Pt X · Ln 26
Independent board members
15
of 15 voting members
15 of 15 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$906K
Spent
$901K
To programs
81%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$906K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$906K
FY2021$1.1M
FY2022$1.1M
FY2023$889K
FY2024$1.1M
Expenses
$901K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$901K
FY2021$864K
FY2022$933K
FY2023$1.1M
FY2024$1.2M
Net assets
$2.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.7M
FY2021$3.0M
FY2022$3.2M
FY2023$3.0M
FY2024$2.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1986.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $733K Management & general 15% · $134K Fundraising 4% · $34K

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

16 people listed on the 990; $94K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Director
$94,201Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Alisa Berry$109,630$101,395$105,638$98,063$94,201

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Cornerstone Renter Equity INC 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

Manages affordable housing for low-income renters.

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2 programs · $733K · in their own filed words · FY2020
01

Affordable Housing

Csre owns and manages 25 units of affordable housing. Additionally, csre partners with preservation of affordable housing (poah) on another 50 units located in the over the rhine community of cincinnati, ohio.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1170803) · Dispute this line
$623Kprogram expense
02

Renter Equity Program

Available to low-income renters in over-the-rhine. The program serves approximately 175 individuals annually. The program provides affordable housing residents to join an equity earning club that provides members the opportunity to build equity by investing in themselves and the community.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1170803) · Dispute this line
$110Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $171K · 2021–2024
Unitemized GrantFY2024$105,129
Unitemized GrantFY2023$30,295
Unitemized GrantFY2022$18,546
Unitemized GrantFY2021$16,603

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$906K
Ln 12
Gifts and grantsLn 1h$687K
Fees for servicesLn 2g$217K
Other incomeLn 4–11$3K
Money outPt IX
$901K
Ln 25
Programscol B$733K
Managementcol C$134K
Fundraisingcol D$34K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$651K
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$687K
Government grantsLn 1e$134K
Fees for servicesLn 2g$217K
Investment incomeLn 3$59
Other incomeLn 4–11$3K
Total revenueLn 12$906K
Assets in detailPt X, end of year
CashLn 1$204K
SavingsLn 2$446K
Cash and savings togetherLn 1–2$651K
Pledges and grants receivableLn 3$50K
Accounts receivableLn 4$9K
Notes and loans receivableLn 7$365K
Prepaid expenses and deferred chargesLn 9$60K
Land, buildings, equipmentLn 10c$2.9M
InvestmentsLn 11–13$1.6M
Other assetsLn 15$46K
Total assetsLn 16$5.7M
LiabilitiesLn 26$3.0M
Net assetsLn 32$2.7M
OperationsPt I, VI
EmployeesI 59
VolunteersI 616
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$570K$651K
InvestmentsLn 11–13$1.6M$1.6M
Land, buildings, equipmentLn 10c$3.1M$2.9M
Total assetsLn 16$5.8M$5.7M
LiabilitiesLn 26$3.2M$3.0M
Net assetsLn 32$2.7M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$106K$79K$16K$11K
Other salaries and wagesLn 7$200K$157K$28K$15K
Other employee benefitsLn 9$28K$28K
Payroll taxesLn 10$23K$18K$3K$2K
Accounting feesLn 11c$15K$3K$12K
Other fees for servicesLn 11g$31K$2K$29K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$12K$12K
Information technologyLn 14$360$360
OccupancyLn 16$17K$17K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$176K$174K$2K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$276K$269K$7K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$901K$733K$134K$34K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 10, 2025 $1.1M$1.2M−$78K$2.9M 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $889K$1.1M−$173K$3.0M 990 PDF
FY2022Filed with the IRS Oct 3, 2023 $1.1M$933K$196K$3.2M 990 PDF
FY2021Filed with the IRS Nov 1, 2022 $1.1M$864K$259K$3.0M 990 PDF
FY2020 ViewingFiled with the IRS Oct 26, 2021 $906K$901K$5K$2.7M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $906,217 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $418,861$686,965
I-9 Program service revenuePrior year $291,577$216,613
I-10 Investment incomePrior year $131$59
I-11 Other revenuePrior year $8,162$2,580
I-12 Total revenuePrior year $718,731$906,217
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $258,815$356,958
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $422,495$544,447
I-18 Total expensesPrior year $681,310$901,405
I-19 Revenue less expensesPrior year $37,421$4,812
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $906,217 across 7 lines filed
VIII-1e Government grants$134,464
VIII-1f All other contributions, gifts and grants$552,501
VIII-1h Total contributions, gifts and grants$686,965
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $216,613$216,613
VIII-3 Investment incomeExcluded from tax $59$59
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,580$2,580
VIII-12 Total revenueRelated to mission $219,193 · Unrelated business $0 · Excluded from tax $59$906,217
Part IX · Statement of functional expenses $901,405 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $79,431 · Management $15,886 · Fundraising $10,590$105,907
IX-7 Other salaries and wagesPrograms $156,531 · Management $28,255 · Fundraising $15,083$199,869
IX-9 Other employee benefitsPrograms $27,993$27,993
IX-10 Payroll taxesPrograms $17,848 · Management $3,377 · Fundraising $1,964$23,189
IX-11c Accounting feesPrograms $2,801 · Management $12,300$15,101
IX-11g Other fees for servicesPrograms $2,435 · Management $28,777$31,212
IX-12 Advertising and promotionManagement $3,195$3,195
IX-13 Office expensesManagement $12,193$12,193
IX-14 Information technologyManagement $360$360
IX-16 OccupancyManagement $16,979$16,979
IX-19 Conferences, conventions and meetingsManagement $1,739$1,739
IX-20 InterestPrograms $2,909$2,909
IX-22 Depreciation, depletion and amortizationPrograms $174,169 · Management $1,763$175,932
IX-23 InsuranceManagement $2,711$2,711
IX-24 Other expenses (24a–d)Programs $269,328 · Fundraising $6,660$275,988
IX-24e All other expensesManagement $6,128$6,128
IX-25 Total functional expensesPrograms $733,445 · Management $133,663 · Fundraising $34,297$901,405
Part X · Balance sheet $5,729,777 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $224,026$204,447
X-2 Savings and temporary cash investmentsStart of year $345,957$446,452
X-3 Pledges and grants receivableStart of year $100,000$50,000
X-4 Accounts receivableStart of year $4,217$8,828
X-7 Notes and loans receivableStart of year $365,307$364,948
X-9 Prepaid expenses and deferred chargesStart of year $68,867$60,077
X-10c Land, buildings and equipment, netStart of year $3,078,842$2,948,758
X-13 Program-related investmentsStart of year $1,600,001$1,600,001
X-15 Other assetsStart of year $59,310$46,266
X-16 Total assetsStart of year $5,846,527$5,729,777
X-17 Accounts payable and accrued expensesStart of year $38,336$37,766
X-24 Unsecured notes and loans payableStart of year $3,059,284$2,900,892
X-25 Other liabilitiesStart of year $53,107$90,507
X-26 Total liabilitiesStart of year $3,150,727$3,029,165
X-27 Net assets without donor restrictionsStart of year $2,595,800$2,590,932
X-28 Net assets with donor restrictionsStart of year $100,000$109,680
X-32 Total net assets or fund balancesStart of year $2,695,800$2,700,612
X-33 Total liabilities and net assetsStart of year $5,846,527$5,729,777
Part XI · Reconciliation of net assets $2,700,612 net assets at year end
XI-1 Total revenue$906,217
XI-2 Total expenses$901,405
XI-3 Revenue less expenses$4,812
XI-4 Net assets at start of year$2,695,800
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,700,612

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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