Cornerstone Senior Communities Of Remsen
Cornerstone Senior Communities Of Remsen shows consistent revenue growth and healthy net assets with no reported officer compensation.
EIN: 200782978 · Remsen, IA · NTEE: P75 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $5.4M |
| Program Spending | 90% |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Cornerstone Senior Communities Of Remsen Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cornerstone Senior Communities Of Remsen directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Cornerstone Senior Communities Of Remsen
Cornerstone Senior Communities Of Remsen (EIN: 200782978) is a nonprofit organization based in Remsen, IA, classified under NTEE code P75. The organization reported total revenue of $5.8M and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cornerstone Senior Communities Of Remsen's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cornerstone Senior Communities Of Remsen is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.8M |
| Total Expenses | $5.4M |
| Surplus / Deficit | +$389K |
| Total Assets | $4.1M |
| Total Liabilities | $2.0M |
| Net Assets | $2.1M |
| Operating Margin | 6.7% |
| Debt-to-Asset Ratio | 48.8% |
| Months of Reserves | 9.0 months |
Financial Health Grade: A
In 2023, Cornerstone Senior Communities Of Remsen reported a surplus of $389K with revenue exceeding expenses, holds 9.0 months of operating reserves (strong position), has a debt-to-asset ratio of 48.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cornerstone Senior Communities Of Remsen's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.8% | +7.5% | +10.5% |
| 2022 | -5.1% | +21.3% | -3.9% |
| 2021 | +2.9% | -7.1% | +8.9% |
| 2020 | +5.6% | +7.1% | +32.0% |
| 2019 | +15.6% | +1.0% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Of Remsen with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Cornerstone Senior Communities Of Remsen allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 surplus of $389K, with revenue exceeding expenses.
- Debt-to-asset ratio: 48.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly unusual for an organization of this size and suggests a volunteer-led executive structure or that compensation is reported under other expense categories.
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 Of Remsen's IRS 990 filings:
- Consistent 0% officer compensation may warrant further investigation to understand how executive leadership is structured and compensated, as it is uncommon for an organization of this size.
Strengths
The following positive indicators were identified for Cornerstone Senior Communities Of Remsen:
- Consistent revenue growth, increasing from $2.76 million in 2014 to $5.82 million in 2023.
- Healthy and growing net assets, reaching over $2 million in 2023.
- No reported officer compensation, indicating high efficiency at the executive level.
- Expenses generally managed well within revenue, leading to surpluses in most recent years (e.g., $5.82M revenue vs. $5.44M expenses in 2023).
Frequently Asked Questions about Cornerstone Senior Communities Of Remsen
Is Cornerstone Senior Communities Of Remsen a legitimate charity?
Based on AI analysis of IRS 990 filings, Cornerstone Senior Communities Of Remsen (EIN: 200782978) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Cornerstone Senior Communities Of Remsen spend its money?
Cornerstone Senior Communities Of Remsen directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cornerstone Senior Communities Of Remsen tax-deductible?
Cornerstone Senior Communities Of Remsen is registered as a tax-exempt nonprofit (EIN: 200782978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Cornerstone Senior Communities Of Remsen's spending goes to programs?
Cornerstone Senior Communities Of Remsen directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Cornerstone Senior Communities Of Remsen compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Cornerstone Senior Communities Of Remsen is above average for NTEE category P75 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Cornerstone Senior Communities Of Remsen located?
Cornerstone Senior Communities Of Remsen is headquartered in Remsen, Iowa and files with the IRS under EIN 200782978. It is classified under NTEE code P75.
How many years of IRS 990 filings does Cornerstone Senior Communities Of Remsen have?
Cornerstone Senior Communities Of Remsen 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 $5.8M in total revenue.
Is Cornerstone Senior Communities Of Remsen a good charity?
Based on the available financial data, Cornerstone Senior Communities Of Remsen appears to be a financially sound organization with consistent revenue growth, healthy net assets, and a strong commitment to program spending. The absence of reported officer compensation is a notable positive for efficiency.
How has the organization's financial health changed over time?
The organization has shown significant financial growth, with revenue more than doubling from $2.76 million in 2014 to $5.82 million in 2023. Net assets have also grown substantially, from $87,270 in 2014 to over $2 million in 2023, indicating increasing financial stability and capacity.
What is the organization's approach to executive compensation?
Cornerstone Senior Communities Of Remsen consistently reports 0% officer compensation in its IRS 990 filings, suggesting that executive leadership may be entirely volunteer-based or compensated through other means not categorized as officer compensation.
Filing History
IRS 990 filing history for Cornerstone Senior Communities Of Remsen showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cornerstone Senior Communities Of Remsen's revenue has grown by 112.1%, moving from $2.7M to $5.8M. Total assets increased by 47.6% over the same period, from $2.8M to $4.1M. Total functional expenses rose by 96.7%, from $2.8M to $5.4M. In its most recent filing year (2023), Cornerstone Senior Communities Of Remsen reported a surplus of $389K, with revenue exceeding expenses. The organization holds $2.0M in liabilities against $4.1M in assets (debt-to-asset ratio: 48.8%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.8M | $5.4M | $4.1M | $2.0M | — | View 990 |
| 2022 | $4.9M | $5.1M | $3.7M | $2.0M | — | — |
| 2021 | $5.1M | $4.2M | $3.8M | $1.9M | — | View 990 |
| 2020 | $5.0M | $4.5M | $3.5M | $2.6M | — | View 990 |
| 2019 | $4.7M | $4.2M | $2.7M | $2.2M | — | View 990 |
| 2018 | $4.1M | $4.1M | $2.3M | $2.3M | — | View 990 |
| 2017 | $4.0M | $4.2M | $2.4M | $2.5M | — | — |
| 2016 | $3.5M | $3.4M | $2.6M | $2.4M | — | View 990 |
| 2015 | $3.1M | $3.0M | $2.6M | $2.4M | — | View 990 |
| 2014 | $2.8M | $2.9M | $2.5M | $2.4M | — | View 990 |
| 2013 | $2.9M | $2.9M | $2.7M | $2.4M | — | View 990 |
| 2012 | $2.9M | $2.8M | $2.8M | $2.5M | — | View 990 |
| 2011 | $2.7M | $2.8M | $2.8M | $2.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.8M, expenses of $5.4M, and assets of $4.1M (revenue +19.8% year-over-year).
- 2022: Revenue of $4.9M, expenses of $5.1M, and assets of $3.7M (revenue -5.1% year-over-year).
- 2021: Revenue of $5.1M, expenses of $4.2M, and assets of $3.8M (revenue +2.9% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.5M, and assets of $3.5M (revenue +5.6% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.2M, and assets of $2.7M (revenue +15.6% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.1M, and assets of $2.3M (revenue +3.3% year-over-year).
- 2017: Revenue of $4.0M, expenses of $4.2M, and assets of $2.4M (revenue +14.0% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.4M, and assets of $2.6M (revenue +12.4% year-over-year).
- 2015: Revenue of $3.1M, expenses of $3.0M, and assets of $2.6M (revenue +11.9% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.9M, and assets of $2.5M (revenue -3.9% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.9M, and assets of $2.7M (revenue -1.7% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.8M, and assets of $2.8M (revenue +6.2% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.8M, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cornerstone Senior Communities Of Remsen:
Data Sources and Methodology
This transparency report for Cornerstone Senior Communities Of Remsen 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.