Cornerstone Senior Communities Of Remsen

Organization Overview

Cornerstone Senior Communities Of Remsen is located in Sutherland, IA. The organization was established in 2007. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Cornerstone Senior Communities Of Remsen employed 130 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Senior Communities Of Remsen is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Cornerstone Senior Communities Of Remsen generated $5.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 6.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE RETIREMENT HOUSING AND NURSING CARE TO SENIOR CITIZENS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ENRICHING THE QUALITY OF LIFE OF SENIOR CITIZENS WHO WISH TO MAINTAIN AN INDEPENDENT LIFESTYLE, AS WELL AS THOSE SENIOR CITIZENS WHO, BY VIRTUE OF ILLNESS OR INFIRMITY,CANNOT DO SO.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Cody
Executive Di
$60,067
Cheryl Cronin
President
$0
Tom Draper
Director
$0
Peg Heidesch
Vice Preside
$0
Judy Schultz
Secretary
$0
Susan Sievers
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Reliant Rehabilitation
Rehabilitation
$194,724
Shiftkey Llc
Staffing
$189,230
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$21,079
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$21,079
Total Program Service Revenue$5,668,938
Investment income $21,132
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$87,877
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,824,713

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