Cornerstone Community Development Corp
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 93,196 | 104,522 | −11,326 | 12.7 | 0% |
| 2019 | 176,292 | 57,704 | 118,588 | 47.6 | 0% |
| 2020 | 53,361 | 95,971 | −42,610 | 23.3 | 0% |
| 2021 | 559,431 | 140,702 | 418,729 | 51.6 | 0% |
| 2022 | 107,794 | 122,247 | −14,453 | 58.0 | 0% |
| 2023 | −383,818 | 170,904 | −554,722 | 2.5 | 0% |
In its most recent public year (2023), this organization spent $554,722 more than it brought in. Its reserves stood at about 2.5 months of spending, down from 12.7 in 2018. Staff pay was 0% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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