Cornerstone Community Development Corporation INC

Tax-deductible

Dallas, TX501(c)(3)Human ServicesEIN 75-2623357Revenue $1.5M in FY2024

On file with the IRScornerstonedallas.org1819 Martin Luther King JR Blvd, 75215-2806 · Dallas, TXTax-exempt since May 1996Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Cornerstone Community Development Corporation, Inc. is to improve the quality of the life of the residents in the South Dallas/Fair Park community by providing programs and services to assist them in breaking out of the cycle of poverty and become contributing members of the community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 2,000 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $139K a year · 16% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$76K
to officers and key staff · 5% of spending
Top officer’s pay lower than 97% of similar orgs
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $135K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.8M
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 11 voting members
Concern: none of 11 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.5M
+105% vs prior year
Spent
$1.5M
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$1.5M
FY2024▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2020$678K
FY2022$525K
FY2023$732K
FY2024$1.5M
Expenses
$1.5M
FY2024▲ +108%
Tap a bar for its year
Expenses by fiscal year
FY2020$659K
FY2022$0
FY2023$721K
FY2024$1.5M
Net assets
$0
FY2024▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.5M
FY2022$67K
FY2023$78K
FY2024$0

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $1.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $76K paid to officers and key staff.

Part VII, Section A · reportable compensation
$40,839Pt VII · Sec A
Key Employee
$28,012Pt VII · Sec A
$7,000Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Housing Coordinator
$0Pt VII · Sec A

Lonnie Mitchell’s $41K as Director is at the 3rd percentile of top reported officer pay among 3869 $1–10M 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.

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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

Empowers South Dallas residents to escape poverty and thrive through vital programs and services.

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Provided by the organization

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3 programs · $1.4M · in their own filed words · FY2024
01

Community Development/Housing Real estate acquisition, stabilization, and redevelopment: owning properties, targeting vacant lots, developing affordable and mixed-use housing, etc.

$750Kprogram expense
02

Social Services

A community kitchen serving ~13,000 meals/month to people experiencing homelessness. A clothing closet & shower facility (showers, clean clothes) for homeless and indigent people. A laundromat service including both a permanent facility and a mobile unit.

$450Kprogram expense
03

Education & Youth Enrichment

After-school programs to help children who are disadvantaged academically. ccdcdallas.org Summer programs (Summer Plus), enrichment, tutoring, camps

$175Kprogram 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 1 funder$135K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.5M
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$4.8M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a11
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$81K
SavingsLn 2$0
Cash and savings togetherLn 1–2$81K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$4.7M
Other assetsLn 15$0
Total assetsLn 16$4.8M
LiabilitiesLn 26$4.8M
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 62,000
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 FY24End FY24
Cash and savingsLn 1–2$78K$81K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$4.4M$4.7M
Total assetsLn 16$4.4M$4.8M
LiabilitiesLn 26$4.4M$4.8M
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$58K$58K
Pay of disqualified personsLn 6$0$0
Other salaries and wagesLn 7$0$0
Pension plan contributionsLn 8$0$0
Other employee benefitsLn 9$0$0
Payroll taxesLn 10$18K$18K
Management feesLn 11a$0$0
Legal feesLn 11b$0$0
Accounting feesLn 11c$0$0
Lobbying feesLn 11d$0$0
Investment management feesLn 11f$0$0
Other fees for servicesLn 11g$0$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$15K$15K
Information technologyLn 14$12K$12K
RoyaltiesLn 15$0$0
OccupancyLn 16$0$0
TravelLn 17$0$0
Travel and entertainment for public officialsLn 18$0$0
Conferences, conventions and meetingsLn 19$9K$9K
InterestLn 20$0$0
Payments to affiliatesLn 21$0$0
Depreciation, depletion and amortizationLn 22$0$0
InsuranceLn 23$75K$75K
Other expenses (24a–d)Ln 24$1.3M$1.3M
Total functional expensesLn 25$1.5M$1.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.5M$1.5M$0$0 990 PDF
FY2023 $732K$721K$11K$78K 990 PDF
FY2022 $525K$0$525K$67K 990 PDF
FY2021 Not on file
FY2020 $678K$659K$20K$1.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,500,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $732,000$1,500,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $732,000$1,500,000
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 $97,354$75,851
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $624,000$1,424,149
I-18 Total expensesPrior year $721,354$1,500,000
I-19 Revenue less expensesPrior year $10,646$0
Part VI · Governance 0 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members0
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 $1,500,000 across 8 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,500,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$1,500,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,500,000
Part IX · Statement of functional expenses $1,500,000 across 29 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $58,266$58,266
IX-6 Pay of disqualified personsPrograms $0$0
IX-7 Other salaries and wagesPrograms $0$0
IX-8 Pension plan contributionsPrograms $0$0
IX-9 Other employee benefitsPrograms $0$0
IX-10 Payroll taxesPrograms $17,585$17,585
IX-11a Management feesPrograms $0$0
IX-11b Legal feesPrograms $0$0
IX-11c Accounting feesPrograms $0$0
IX-11d Lobbying feesPrograms $0$0
IX-11f Investment management feesPrograms $0$0
IX-11g Other fees for servicesPrograms $0$0
IX-12 Advertising and promotionPrograms $5,000$5,000
IX-13 Office expensesPrograms $15,000$15,000
IX-14 Information technologyPrograms $12,500$12,500
IX-15 RoyaltiesPrograms $0$0
IX-16 OccupancyPrograms $0$0
IX-17 TravelPrograms $0$0
IX-18 Travel and entertainment for public officialsPrograms $0$0
IX-19 Conferences, conventions and meetingsPrograms $8,800$8,800
IX-20 InterestPrograms $0$0
IX-21 Payments to affiliatesPrograms $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0$0
IX-23 InsurancePrograms $75,000$75,000
IX-24 Other expenses (24a–d)Programs $1,307,849$1,307,849
IX-25 Total functional expensesPrograms $1,500,000 · Management $0 · Fundraising $0$1,500,000
Part X · Balance sheet $4,756,730 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $77,981$81,000
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $4,370,000$4,675,730
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $4,447,981$4,756,730
X-17 Accounts payable and accrued expensesStart of year $4,447,981$4,756,730
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $4,447,981$4,756,730
X-27 Net assets without donor restrictionsStart of year $77,981$69,500
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $4,447,981$4,756,730
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$1,500,000
XI-2 Total expenses$1,500,000
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-10 Net assets at end of year$0

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

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