Cornerstone Community Development Corp
EIN: 815454306 · Huntington, WV · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $171K |
| Net Assets | $36K |
Is Cornerstone Community Development Corp 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 Development Corp
Cornerstone Community Development Corp (EIN: 815454306) is a nonprofit organization based in Huntington, WV, classified under NTEE code L20. The organization reported total revenue of $1.8M and total assets of $495K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Community Development Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Community Development Corp is a mid-size nonprofit that has been operating for 9 years, with 6 years of IRS 990 filings on record (2018–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -456.1% | +39.8% | -97.7% |
| 2022 | -80.7% | -13.1% | -2.9% |
| 2021 | +948.4% | +46.6% | +33.6% |
| 2020 | -69.7% | +66.3% | -3.5% |
| 2019 | +89.2% | -44.8% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cornerstone Community Development Corp 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 Development Corp 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 (2023)
From the most recent IRS 990 filing on record:
Frequently Asked Questions about Cornerstone Community Development Corp
Is Cornerstone Community Development Corp a legitimate charity?
Cornerstone Community Development Corp (EIN: 815454306) is a registered tax-exempt nonprofit based in West Virginia. It has 6 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: C.
How does Cornerstone Community Development Corp spend its money?
Cornerstone Community Development Corp reported $1.8M in total revenue in IRS 990 filings. 6 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 Development Corp tax-deductible?
Cornerstone Community Development Corp is registered as a tax-exempt nonprofit (EIN: 815454306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cornerstone Community Development Corp located?
Cornerstone Community Development Corp is headquartered in Huntington, West Virginia and files with the IRS under EIN 815454306. It is classified under NTEE code L20.
How many years of IRS 990 filings does Cornerstone Community Development Corp have?
Cornerstone Community Development Corp has 6 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Cornerstone Community Development Corp showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), Cornerstone Community Development Corp's revenue has declined by 511.8%, moving from $93K to $-383,818. Total assets decreased by 97% over the same period, from $1.2M to $36K. Total functional expenses rose by 63.5%, from $105K to $171K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-383,818 | $171K | $36K | $0 | — | View 990 |
| 2022 | $108K | $122K | $1.5M | $948K | — | View 990 |
| 2021 | $559K | $141K | $1.6M | $980K | — | View 990 |
| 2020 | $53K | $96K | $1.2M | $1.0M | — | View 990 |
| 2019 | $176K | $58K | $1.2M | $1.0M | — | View 990 |
| 2018 | $93K | $105K | $1.2M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-383,818, expenses of $171K, and assets of $36K (revenue -456.1% year-over-year).
- 2022: Revenue of $108K, expenses of $122K, and assets of $1.5M (revenue -80.7% year-over-year).
- 2021: Revenue of $559K, expenses of $141K, and assets of $1.6M (revenue +948.4% year-over-year).
- 2020: Revenue of $53K, expenses of $96K, and assets of $1.2M (revenue -69.7% year-over-year).
- 2019: Revenue of $176K, expenses of $58K, and assets of $1.2M (revenue +89.2% year-over-year).
- 2018: Revenue of $93K, expenses of $105K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Community Development Corp:
Data Sources and Methodology
This transparency report for Cornerstone Community Development Corp 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.