Cornerstone Community Dc Inc
EIN: 260573434 · Washington, DC · NTEE: L41
| Metric | Value |
|---|---|
| Total Revenue | $40K |
| Total Expenses | $53K |
| Net Assets | $971K |
Is Cornerstone Community Dc Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cornerstone Community Dc Inc
Cornerstone Community Dc Inc (EIN: 260573434) is a nonprofit organization based in Washington, DC, classified under NTEE code L41. The organization reported total revenue of $40K and total assets of $974K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Community Dc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Community Dc Inc is a micro nonprofit that has been operating for 18 years, with 9 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -15.6%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $40K |
| Total Expenses | $53K |
| Surplus / Deficit | $-13,349 |
| Total Assets | $974K |
| Total Liabilities | $3K |
| Net Assets | $971K |
| Operating Margin | -33.4% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 219.0 months |
Financial Health Grade: B
In 2020, Cornerstone Community Dc Inc reported a deficit of $13K with expenses exceeding revenue, holds 219.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2020), Cornerstone Community Dc Inc's revenue has declined at a compound annual growth rate (CAGR) of -15.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | +0.6% | -27.4% | -2.1% |
| 2019 | -39.7% | -22.3% | -3.9% |
| 2018 | -7.5% | -22.3% | -6.2% |
| 2017 | -68.7% | -30.2% | -4.0% |
| 2016 | -66.4% | -11.4% | -4.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Community Dc Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Community Dc Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $13K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Frequently Asked Questions about Cornerstone Community Dc Inc
Is Cornerstone Community Dc Inc a legitimate charity?
Cornerstone Community Dc Inc (EIN: 260573434) is a registered tax-exempt nonprofit based in Washington DC. It has 9 years of IRS 990 filings on record. Total revenue: $40K. No red flags identified. Financial health grade: B.
How does Cornerstone Community Dc Inc spend its money?
Cornerstone Community Dc Inc reported $40K in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Cornerstone Community Dc Inc tax-deductible?
Cornerstone Community Dc Inc is registered as a tax-exempt nonprofit (EIN: 260573434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Community Dc Inc located?
Cornerstone Community Dc Inc is headquartered in Washington, Washington DC and files with the IRS under EIN 260573434. It is classified under NTEE code L41.
How many years of IRS 990 filings does Cornerstone Community Dc Inc have?
Cornerstone Community Dc Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $40K in total revenue.
Filing History
IRS 990 filing history for Cornerstone Community Dc Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2020), Cornerstone Community Dc Inc's revenue has declined by 78.3%, moving from $185K to $40K. Total assets increased by 429.9% over the same period, from $184K to $974K. Total functional expenses fell by 70.1%, from $179K to $53K. In its most recent filing year (2020), Cornerstone Community Dc Inc reported a deficit of $13K, with expenses exceeding revenue. The organization holds $3K in liabilities against $974K in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $971K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $40K | $53K | $974K | $3K | — | View 990 |
| 2019 | $40K | $73K | $994K | $10K | — | View 990 |
| 2018 | $66K | $95K | $1.0M | $543K | — | View 990 |
| 2017 | $71K | $122K | $1.1M | $582K | — | View 990 |
| 2016 | $228K | $174K | $1.1M | $578K | — | View 990 |
| 2015 | $679K | $197K | $1.2M | $681K | — | View 990 |
| 2014 | $175K | $198K | $876K | $841K | — | View 990 |
| 2012 | $178K | $174K | $96K | $58K | — | View 990 |
| 2011 | $185K | $179K | $184K | $150K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $40K, expenses of $53K, and assets of $974K (revenue +0.6% year-over-year).
- 2019: Revenue of $40K, expenses of $73K, and assets of $994K (revenue -39.7% year-over-year).
- 2018: Revenue of $66K, expenses of $95K, and assets of $1.0M (revenue -7.5% year-over-year).
- 2017: Revenue of $71K, expenses of $122K, and assets of $1.1M (revenue -68.7% year-over-year).
- 2016: Revenue of $228K, expenses of $174K, and assets of $1.1M (revenue -66.4% year-over-year).
- 2015: Revenue of $679K, expenses of $197K, and assets of $1.2M (revenue +289.0% year-over-year).
- 2014: Revenue of $175K, expenses of $198K, and assets of $876K (revenue -2.0% year-over-year).
- 2012: Revenue of $178K, expenses of $174K, and assets of $96K (revenue -3.6% year-over-year).
- 2011: Revenue of $185K, expenses of $179K, and assets of $184K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Community Dc Inc:
Data Sources and Methodology
This transparency report for Cornerstone Community Dc Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.