Cornerstones INC FY2024 filing

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Together with our community, Cornerstones promotes stability, empowerment, and hope through support, advocacy, and community-building for individuals and families in need. Providing more than 26,000 instances of services annually throughout fairfax and loudoun counties, Cornerstones work is focused in three key areas of providing affordable housing, ensuring food security, and supporting thriving families and children.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
$870K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $90K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$870K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Worth a look: 0.7 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $31K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.1M
47% of total assets
Looks good: liabilities are 47% of assets; 50% or less.
Pt X · Ln 26
Independent board members
26
of 26 voting members
Looks good: 26 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.4M
-6% vs prior year
Spent
$15.8M
To programs
82%
Net assets
$3.5M
By yearFY2020–FY2025
Revenue
$14.4M
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$10.6M
FY2021$15.4M
FY2022$18.8M
FY2023$15.3M
FY2024$14.4M
FY2025$14.7M
Expenses
$15.8M
FY2024▼ -1%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.4M
FY2021$15.1M
FY2022$16.8M
FY2023$16.0M
FY2024$15.8M
FY2025$15.6M
Net assets
$3.5M
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.7M
FY2022$5.6M
FY2023$4.9M
FY2024$3.5M
FY2025$2.6M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1980.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $12.9M Management & general 12% · $1.8M Fundraising 7% · $1.1M

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

33 people listed on the 990; $870K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$187,629Pt VII · Sec A
Chief Financial & Operating Officer
$129,510Pt VII · Sec A
VP, Resource Development
$120,989Pt VII · Sec A
EVP, Business & Community Impact
$116,967Pt VII · Sec A
EVP, Housing & Community Programs
$107,455Pt VII · Sec A
Managing Director, Strategic Projects
$105,264Pt VII · Sec A
EVP, Human Resources
$102,151Pt VII · Sec A
$0Pt VII · Sec A

Ms Kerrie B Wilson’s $200K as Chief Executive Officer is at the 44th percentile of top reported officer pay among 3122 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ms Kerrie B Wilson$199,584$187,629$177,893$178,310$179,059$189,846
Ms Holly Micozzi$143,434$129,510$108,503$121,923——
Mr Gregory White————$133,217$30,950
Ms Meredith Hovan—$120,989$119,945———
Mr Theodore Lewis$115,500$116,967$115,474$117,293——
Ms Maura Williams$116,681$107,455$106,203$105,138——
Ms Jeanette Phillips—————$115,524
Ms Theodore Lewis————$113,953—

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 Cornerstones 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

Provides support, advocacy, and community building for families needing stable housing and food security.

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3 programs · $10.8M · in their own filed words · FY2023
01

For nearly 55 years cornerstones has provided safety-net and comprehensive housing and human services supports to help individuals and families gain stability and build resiliency and opportunity.

$5.4Mprogram expense
02

Food, financial, and urgent assistance, including our free from hunger food rescue center (food hub), a food pantry, emergency financial assistance and eviction prevention. In its first full year of operation through FY24, the food hub rescued or sourced more than 508,000 LBS. Of food and distributed nearly 416,000 LBS.

$3.7Mprogram expense
03

Affordable childcare and youth services, including laurel learning center, before and after school-care and youth enrichment programs. Laurel offers age-appropriate developmental screening, school readiness, pre- and afterschool academic enrichment, and full-day summer recreational and cultural programs for nearly 100 students.

$1.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$31K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $10.0M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Fairfax County Redevelopment and Housing Authority (fcrha) and 2 more$5.0M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Direct$3.7M
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Virginia Department of Social Services and 1 more$837K
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through Virginia Department of Housing and Community Development and 1 more$197K
Community Services Block GrantDepartment of Health and Human Services · ALN 93.569 · Through Fairfax County$125K

Plus 3 smaller programs.

The auditor reported 3 findings: a material weakness in money controls, questioned costs.

Year ending Jun 2024 · $10.0M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Fairfax County Redevelopment and Housing Authority (fcrha) and 2 more$5.0M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Direct$3.7M
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Virginia Department of Social Services and 1 more$789K
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through Virginia Department of Housing and Community Development and 1 more$300K
Emergency Food and Shelter National Board ProgramDepartment of Homeland Security · ALN 97.024 · Through Efsp National Board Through United Way$144K

Plus 2 smaller programs.

The auditor reported 2 findings: a material weakness in money controls, questioned costs.

Year ending Jun 2023 · $10.8M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Pass Through Fairfax County Redevelopment and Housing Authority (fcrha), Pass Through Fairfax County Housing and Community Development (hcd), and Pass Through Loudoun County Office of Housing$5.4M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Pass Through Fairfax County Redevelopment and Housing Authority (fcrha), Pass Through Fairfax County Housing and Community Development (hcd), and Pass Through Loudoun County Office of Housing$3.7M
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through Virginia Department of Housing and Community Development and 1 more$841K
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Virginia Department of Housing Development Authority and 1 more$527K
Emergency Food and Shelter National Board ProgramDepartment of Homeland Security · ALN 97.024 · Through Efsp National Board Through United Way$219K

Plus 2 smaller programs.

The auditor reported 11 findings: a material weakness in money controls, questioned costs.

Year ending Jun 2022 · $20.5M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through Fcrha, Hcd, and Loudoun County Office of Housing and 2 more$10.8M
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Direct and through Pass Through Fairfax County Redevelopment and Housing Authority (fcrha), Pass Through Fairfax County Housing and Community Development (hcd), and Pass Through Loudoun County Office of Housing$7.4M
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through Virginia Department of Housing and Community Development and 3 more$1.3M
Temporary Assistance for Needy FamiliesDepartment of Health and Human Services · ALN 93.558 · Through Virginia Department of Social Services and 3 more$628K
Community Services Block GrantDepartment of Health and Human Services · ALN 93.569 · Through Virginia Department of Social Services Through Fairfax County and 1 more$148K

Plus 3 smaller programs.

The auditor reported 17 findings: a material weakness in money controls, questioned costs.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$14.4M
Ln 12
Gifts and grantsLn 1h$12.6M
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$61K
Money outPt IX
$15.8M
Ln 25
Programscol B$12.9M
Managementcol C$1.8M
Fundraisingcol D$1.1M
Owns and owesPt X
$3.5M
net assets · Ln 32
Cash and savingsLn 1–2$905K
Total assetsLn 16$6.7M
LiabilitiesLn 26$3.1M
PeoplePt VI, VII
33
listed · VII A
PaidVII A7
Voting boardVI 1a26
IndependentVI 1b26
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12.6M
Government grantsLn 1e$8.3M
Noncash giftsLn 1g$2.0M
Fundraising eventsLn 1c$62K
Fees for servicesLn 2g$1.7M
Investment incomeLn 3$61K
Other incomeLn 4–11$50K
Gains on assetsLn 7−$885
Total revenueLn 12$14.4M
Assets in detailPt X, end of year
CashLn 1$12K
SavingsLn 2$894K
Cash and savings togetherLn 1–2$905K
InvestmentsLn 11–13$399K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$1.6M
Total assetsLn 16$6.7M
LiabilitiesLn 26$3.1M
Net assetsLn 32$3.5M
OperationsPt I, VI
EmployeesI 5207
VolunteersI 62,432
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$2.0M
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$388K$351K$328K$304K$239K
Given inLn 1b$110K$71K$150$250
SpentLn 1d–1f$13K$121K$5K$10K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.6M$905K
InvestmentsLn 11–13$358K$399K
Land, buildings, equipmentLn 10c$269K$1.5M
Total assetsLn 16$9.0M$6.7M
LiabilitiesLn 26$4.1M$3.1M
Net assetsLn 32$4.9M$3.5M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$346K$282K$57K$8K
Other salaries and wagesLn 7$6.5M$5.3M$1.1M$146K
Pension plan contributionsLn 8$147K$120K$24K$3K
Other employee benefitsLn 9$631K$514K$104K$13K
Payroll taxesLn 10$529K$430K$87K$12K
Management feesLn 11a$1.1M$130K$255K$706K
Other fees for servicesLn 11g$39K$13K$27K
Office expensesLn 13$124K$104K$19K$1K
Information technologyLn 14$380K$240K$82K$58K
OccupancyLn 16$590K$581K$2K$7K
TravelLn 17$31K$23K$7K$1K
Conferences, conventions and meetingsLn 19$35K$23K$12K$75
InterestLn 20$30K$6K$4K$20K
Depreciation, depletion and amortizationLn 22$155K$144K$10K$1K
InsuranceLn 23$75K$46K$27K$3K
Other expenses (24a–d)Ln 24$4.9M$4.9M$22K$15K
All other expensesLn 24e$162K$67K$35K$60K
Total functional expensesLn 25$15.8M$12.9M$1.8M$1.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 15, 2026 $14.7M$15.6M−$939K$2.6M 990 PDF
FY2024 ViewingFiled with the IRS May 14, 2025 $14.4M$15.8M−$1.4M$3.5M 990 PDF
FY2023Filed with the IRS May 14, 2024 $15.3M$16.0M−$722K$4.9M 990 PDF
FY2022Filed with the IRS May 15, 2023 $18.8M$16.8M$2.0M$5.6M 990 PDF
FY2021Filed with the IRS May 12, 2022 $15.4M$15.1M$299K$3.7M 990 PDF
FY2020Filed with the IRS Mar 1, 2021 $10.6M$10.4M$240K$3.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $14,394,731 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,413,918$12,560,791
I-9 Program service revenuePrior year $1,753,101$1,722,122
I-10 Investment incomePrior year $59,191$61,442
I-11 Other revenuePrior year $79,498$50,376
I-12 Total revenuePrior year $15,305,708$14,394,731
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 $7,955,801$8,195,860
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,071,686$7,605,697
I-18 Total expensesPrior year $16,027,487$15,801,557
I-19 Revenue less expensesPrior year −$721,779−$1,406,826
Part VI · Governance 26 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members26
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 $14,394,731 across 11 lines filed
VIII-1c Fundraising events$61,650
VIII-1e Government grants$8,286,048
VIII-1f All other contributions, gifts and grants$4,213,093
VIII-1g Noncash contributions (included above)$1,987,733
VIII-1h Total contributions, gifts and grants$12,560,791
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,722,122$1,722,122
VIII-3 Investment incomeExcluded from tax $62,327$62,327
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$885−$885
VIII-8 Net income from fundraising eventsExcluded from tax −$25,476−$25,476
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,852$75,852
VIII-12 Total revenueRelated to mission $1,797,974 · Unrelated business $0 · Excluded from tax $35,966$14,394,731
Part IX · Statement of functional expenses $15,801,557 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $281,939 · Management $56,758 · Fundraising $7,737$346,434
IX-7 Other salaries and wagesPrograms $5,324,034 · Management $1,071,495 · Fundraising $146,448$6,541,977
IX-8 Pension plan contributionsPrograms $120,029 · Management $24,392 · Fundraising $3,017$147,438
IX-9 Other employee benefitsPrograms $513,899 · Management $104,433 · Fundraising $12,915$631,247
IX-10 Payroll taxesPrograms $429,897 · Management $86,941 · Fundraising $11,926$528,764
IX-11a Management feesPrograms $129,616 · Management $255,066 · Fundraising $706,119$1,090,801
IX-11g Other fees for servicesPrograms $12,510 · Management $26,518$39,028
IX-13 Office expensesPrograms $103,809 · Management $19,100 · Fundraising $1,209$124,118
IX-14 Information technologyPrograms $240,321 · Management $81,935 · Fundraising $57,641$379,897
IX-16 OccupancyPrograms $581,380 · Management $2,125 · Fundraising $6,758$590,263
IX-17 TravelPrograms $22,619 · Management $7,299 · Fundraising $1,109$31,027
IX-19 Conferences, conventions and meetingsPrograms $23,394 · Management $11,896 · Fundraising $75$35,365
IX-20 InterestPrograms $5,643 · Management $4,453 · Fundraising $19,836$29,932
IX-22 Depreciation, depletion and amortizationPrograms $143,789 · Management $9,953 · Fundraising $1,307$155,049
IX-23 InsurancePrograms $45,752 · Management $26,564 · Fundraising $2,503$74,819
IX-24 Other expenses (24a–d)Programs $4,856,127 · Management $22,467 · Fundraising $14,929$4,893,523
IX-24e All other expensesPrograms $67,449 · Management $34,605 · Fundraising $59,821$161,875
IX-25 Total functional expensesPrograms $12,902,207 · Management $1,846,000 · Fundraising $1,053,350$15,801,557
Part X · Balance sheet $6,685,380 assets, 18 lines filed
Asset lines not itemized here account for $594,167; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $11,811$11,723
X-2 Savings and temporary cash investmentsStart of year $2,623,801$893,648
X-3 Pledges and grants receivableStart of year $2,107,112$1,314,813
X-4 Accounts receivableStart of year $291,875$225,692
X-8 Inventories for sale or useStart of year $5,371$4,114
X-9 Prepaid expenses and deferred chargesStart of year $457,887$96,438
X-10c Land, buildings and equipment, netStart of year $268,942$1,510,565
X-11 Publicly traded securitiesStart of year $358,351$399,236
X-15 Other assetsStart of year $2,272,260$1,634,984
X-16 Total assetsStart of year $8,981,577$6,685,380
X-17 Accounts payable and accrued expensesStart of year $1,295,959$983,191
X-19 Deferred revenueStart of year $796,035$476,619
X-25 Other liabilitiesStart of year $1,988,548$1,684,278
X-26 Total liabilitiesStart of year $4,080,542$3,144,088
X-27 Net assets without donor restrictionsStart of year $4,331,860$3,157,246
X-28 Net assets with donor restrictionsStart of year $569,175$384,046
X-32 Total net assets or fund balancesStart of year $4,901,035$3,541,292
X-33 Total liabilities and net assetsStart of year $8,981,577$6,685,380
Part XI · Reconciliation of net assets $3,541,292 net assets at year end
XI-1 Total revenue$14,394,731
XI-2 Total expenses$15,801,557
XI-3 Revenue less expenses−$1,406,826
XI-4 Net assets at start of year$4,901,035
XI-5 Net unrealized gains (losses) on investments$47,083
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,541,292

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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