Cornerstone Community Outreach
- Assets
- $3.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 83
- Location
- Chicago, IL
- Founding
- 07/1975
- Data as of
- 12/2022
- EIN
- 36-3670992
Organization Overview
Cornerstone Community Outreach is located in Chicago, IL. The organization was established in 1975. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Cornerstone Community Outreach employed 83 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Cornerstone Community Outreach 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 12/2022, Cornerstone Community Outreach generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 3.9% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE QUALITY OF LIFE FOR DISADVANTAGED PEOPLE IN THE UPTOWN NEIGHBORHOOD OF CHICAGO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INTERIM HOUSING FOR FAMILIES & SINGLE ADULTS - THESE SHELTERS PROVIDE APPROXIMATELY 120 DAYS OF HOUSING, NUTRITIOUS MEALS, CLOTHING, GROUP & INDIVIDUAL COUNSELING, INDIVIDUALIZED CASE MANAGEMENT, NURSING, AS NEEDED MENTAL HEALTH ASSESSMENTS, LIFE-SKILLS TRAINING, SUBSTANCE ABUSE COUNSELING, MONEY MANAGEMENT, JOB ASSESSMENT, JOB READINESS, JOB REFERRAL, COMPUTER TRAINING CLASSES, HOUSING RELOCATION ASSISTANCE, & AFTERSCHOOL PROGRAMS FOR KIDS. THESE PROGRAMS OPERATE YEAR ROUND & INCLUDE:HANNAH INTERIM HOUSING - SHELTERS 55 WOMEN WITH CHILDREN, INCLUDING A FEW COUPLES WITH CHILDREN. IT IS HANDICAP ACCESSIBLE. AS THE ORGANIZATION'S LONGEST RUNNING SHELTER, IT HAS ENABLED HUNDREDS OF FAMILIES TO MOVE FROM HOMELESSNESS TO STABLE HOUSING FOR OVER 20 YEARS.NAOMI INTERIM HOUSING - SERVES 145 SINGLE WOMEN & MEN, PROVIDING 24 HOUR SHELTER & CASEWORK SERVICES AND THE SERVICES MENTIONED ABOVE.SYLVIA INTERIM HOUSING - SERVES OVER 130 WOMEN WITH CHILDREN, MEN WITH CHILDREN & COUPLES WITH CHILDREN & HAS BEEN WELCOMING HOMELESS FAMILIES SINCE 2001. THIS PROGRAM SUPPORTS THESE FAMILY GROUPS & GIVES THEM MUCH NEEDED SHELTER & SERVICES.
OTHER PROGRAMS INCLUDE COMPUTER & LIFE SKILLS, FOOD BAG PROGRAM, DINNER GUEST PROGRAM, COMMUNITY SUPPORT ADVISORY COUNCIL, AND CHILDCARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Spicer President | OfficerTrustee | 1 | $0 |
Nathan Cameron Treasurer | OfficerTrustee | 1 | $0 |
Jiwon Mccartney Secretary | OfficerTrustee | 1 | $0 |
Tiana Coleman Vice President | OfficerTrustee | 1 | $0 |
Ted Jindrich Board Member | Trustee | 1 | $0 |
Feliciana Melendez Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $601,149 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,755,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $730,902 |
| Noncash contributions included in lines 1a–1f | $298,059 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,087,993 |
| Total Program Service Revenue | $0 |
| Investment income | $654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,115,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,954 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,597 |
| Compensation of current officers, directors, key employees. | $8,424 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,519,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $377,632 |
| Payroll taxes | $241,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,348 |
| Fees for services: Accounting | $25,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,582 |
| Advertising and promotion | $0 |
| Office expenses | $70,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $140,811 |
| Travel | $17,553 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $572 |
| Interest | $100,610 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,106 |
| Insurance | $130,687 |
| All other expenses | $0 |
| Total functional expenses | $4,579,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,778 |
| Savings and temporary cash investments | $118,298 |
| Pledges and grants receivable | $392,662 |
| Accounts receivable, net | $1,246,475 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,357 |
| Net Land, buildings, and equipment | $1,893,078 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,911,648 |
| Accounts payable and accrued expenses | $36,948 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,565,387 |
| Unsecured mortgages and notes payable | $270,000 |
| Other liabilities | $26,237 |
| Total liabilities | $2,898,572 |
| Net assets without donor restrictions | $996,135 |
| Net assets with donor restrictions | $16,941 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,911,648 |