Cornerstone Senior Communities
Cornerstone Senior Communities consistently operates at a deficit, drawing down assets to cover expenses.
EIN: 200273031 · Sutherland, IA · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $116K |
| Total Expenses | $144K |
| Program Spending | 80% |
| Net Assets | $185K |
| Transparency Score | 45/100 |
Is Cornerstone Senior Communities Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Senior Communities directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Senior Communities
Cornerstone Senior Communities (EIN: 200273031) is a nonprofit organization based in Sutherland, IA. The organization reported total revenue of $116K and total assets of $400K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Senior Communities's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Senior Communities is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $112K |
| Total Expenses | $144K |
| Surplus / Deficit | $-31,956 |
| Total Assets | $453K |
| Total Liabilities | $268K |
| Net Assets | $185K |
| Operating Margin | -28.5% |
| Debt-to-Asset Ratio | 59.1% |
| Months of Reserves | 37.7 months |
Financial Health Grade: C
In 2023, Cornerstone Senior Communities reported a deficit of $32K with expenses exceeding revenue, holds 37.7 months of operating reserves (strong position), has a debt-to-asset ratio of 59.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cornerstone Senior Communities's revenue has declined at a compound annual growth rate (CAGR) of -14.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.8% | +5.1% | -6.6% |
| 2022 | +5.6% | -6.7% | -9.9% |
| 2021 | +6.0% | +3.9% | -7.9% |
| 2020 | -9.5% | -1.0% | -8.2% |
| 2019 | +12.5% | +1.9% | -7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cornerstone Senior Communities with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Cornerstone Senior Communities allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $32K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.1%.
Executive Compensation Analysis
Officer compensation is consistently reported as 0% across all available filings, indicating a volunteer-led or very lean executive structure, which is positive for minimizing overhead costs relative to the organization's size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Cornerstone Senior Communities's IRS 990 filings:
- Consistent operational deficits for over a decade (e.g., 2023 expenses $144,235 vs. revenue $112,279).
- Significant and continuous decline in total assets (from $868,483 in 2014 to $452,702 in 2023).
- Expenses consistently exceeding revenue, indicating an unsustainable financial model.
Strengths
The following positive indicators were identified for Cornerstone Senior Communities:
- Consistent and transparent IRS 990 filing history (13 filings).
- 0% reported officer compensation, indicating lean executive overhead.
Frequently Asked Questions about Cornerstone Senior Communities
Is Cornerstone Senior Communities a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Senior Communities (EIN: 200273031) significant concerns. Mission Score: 45/100. 3 red flags identified, 2 strengths noted.
How does Cornerstone Senior Communities spend its money?
Cornerstone Senior Communities directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Senior Communities tax-deductible?
Cornerstone Senior Communities is registered as a tax-exempt nonprofit (EIN: 200273031). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cornerstone Senior Communities's spending goes to programs?
Cornerstone Senior Communities directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Cornerstone Senior Communities located?
Cornerstone Senior Communities is headquartered in Sutherland, Iowa and files with the IRS under EIN 200273031.
How many years of IRS 990 filings does Cornerstone Senior Communities have?
Cornerstone Senior Communities has 13 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 $116K in total revenue.
Is Cornerstone Senior Communities financially sustainable?
Based on the provided data, Cornerstone Senior Communities has consistently spent more than its revenue for over a decade, leading to a significant decline in assets from $868,483 in 2014 to $452,702 in 2023. This trend suggests a lack of long-term financial sustainability without significant changes to its operational model or funding strategy.
What is the primary reason for the decline in assets?
The primary reason for the decline in assets appears to be the consistent operational deficits. For example, in 2023, expenses ($144,235) exceeded revenue ($112,279) by over $30,000, which likely contributed to the reduction in assets.
How does the organization cover its annual deficits?
The organization appears to cover its annual deficits by drawing down its existing assets. The consistent decline in total assets over the years, while expenses exceed revenue, supports this conclusion.
What is the trend in the organization's revenue?
The organization's revenue has fluctuated but generally remained within a narrow range, typically between $85,000 and $115,000 annually over the past decade, without a clear upward trend to match or exceed expenses.
Filing History
IRS 990 filing history for Cornerstone Senior Communities showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cornerstone Senior Communities's revenue has declined by 84.8%, moving from $738K to $112K. Total assets decreased by 58.3% over the same period, from $1.1M to $453K. Total functional expenses rose by 136.2%, from $61K to $144K. In its most recent filing year (2023), Cornerstone Senior Communities reported a deficit of $32K, with expenses exceeding revenue. The organization holds $268K in liabilities against $453K in assets (debt-to-asset ratio: 59.1%), resulting in net assets of $185K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $112K | $144K | $453K | $268K | — | — |
| 2022 | $98K | $137K | $485K | $268K | — | — |
| 2021 | $93K | $147K | $538K | $281K | — | View 990 |
| 2020 | $87K | $142K | $584K | $273K | — | — |
| 2019 | $96K | $143K | $637K | $271K | — | View 990 |
| 2018 | $86K | $140K | $691K | $327K | — | View 990 |
| 2017 | $89K | $131K | $699K | $280K | — | View 990 |
| 2016 | $84K | $127K | $761K | $301K | — | View 990 |
| 2015 | $96K | $130K | $820K | $317K | — | View 990 |
| 2014 | $98K | $141K | $868K | $332K | — | View 990 |
| 2013 | $89K | $136K | $921K | $371K | — | View 990 |
| 2012 | $71K | $136K | $978K | $381K | — | View 990 |
| 2011 | $738K | $61K | $1.1M | $403K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $112K, expenses of $144K, and assets of $453K (revenue +14.8% year-over-year).
- 2022: Revenue of $98K, expenses of $137K, and assets of $485K (revenue +5.6% year-over-year).
- 2021: Revenue of $93K, expenses of $147K, and assets of $538K (revenue +6.0% year-over-year).
- 2020: Revenue of $87K, expenses of $142K, and assets of $584K (revenue -9.5% year-over-year).
- 2019: Revenue of $96K, expenses of $143K, and assets of $637K (revenue +12.5% year-over-year).
- 2018: Revenue of $86K, expenses of $140K, and assets of $691K (revenue -3.9% year-over-year).
- 2017: Revenue of $89K, expenses of $131K, and assets of $699K (revenue +5.7% year-over-year).
- 2016: Revenue of $84K, expenses of $127K, and assets of $761K (revenue -12.0% year-over-year).
- 2015: Revenue of $96K, expenses of $130K, and assets of $820K (revenue -2.2% year-over-year).
- 2014: Revenue of $98K, expenses of $141K, and assets of $868K (revenue +10.2% year-over-year).
- 2013: Revenue of $89K, expenses of $136K, and assets of $921K (revenue +25.1% year-over-year).
- 2012: Revenue of $71K, expenses of $136K, and assets of $978K (revenue -90.4% year-over-year).
- 2011: Revenue of $738K, expenses of $61K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Senior Communities:
Data Sources and Methodology
This transparency report for Cornerstone Senior Communities 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.