Cornerstone Community Housing Inc
- Assets
- $3.1m
- Revenue
- $759.6k
- Investments
- $0.0
- Employees
- 12
- Location
- Baltimore, MD
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 52-1857927
Organization Overview
Cornerstone Community Housing Inc, operating under the name Earl's Place, is located in Baltimore, MD. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Earl's Place employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Earl's Place 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 12/2021, Earl's Place generated $759.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $657.0k during the year ending 12/2021. While expenses have increased by 13.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A TRANSITIONAL HOUSING PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORNERSTONE COMMUNITY HOUSING (CCH) PROVIDES SUPPORTIVE HOUSING FOR MEN EXPERIENCING HOMELESSNESS. EARL'S PLACE, OUR TRANSITIONAL HOUSING PROGRAM, HOUSED A TOTAL OF 35 MEN. OF THOSE, 16 MOVED TO PERMANENT HOUSING, SIXTEEN REMAINED IN OUR PROGRAM, AND JUST THREE WERE UNSUCCESSFUL. PROSPECT PLACE IS A HOUSING FIRST PERMANENT SUPPORTIVE HOUSING PROGRAM FOR MEN WHO WERE CHRONICALLY HOMELESS. TWELVE MEN WERE HOUSED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Helgerson Executive Director | Officer | 40 | $62,013 |
Nathan Barbo Chair | OfficerTrustee | 2.5 | $0 |
Andrew Frank Vice Chair | OfficerTrustee | 2.5 | $0 |
Ericka Mcclammy Secretary | OfficerTrustee | 2.5 | $0 |
Tony Parrott Treasurer | OfficerTrustee | 2.5 | $0 |
Karen Bartell Director | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,527 |
| Membership dues | $0 |
| Fundraising events | $15,768 |
| Related organizations | $0 |
| Government grants | $85,842 |
| All other contributions, gifts, grants, and similar amounts not included above | $432,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,380 |
| Total Program Service Revenue | $196,551 |
| Investment income | $3,768 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,412 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $759,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,069 |
| Compensation of current officers, directors, key employees. | $7,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,481 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,753 |
| Payroll taxes | $19,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $388 |
| Office expenses | $47,792 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,756 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $78 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $123,536 |
| Insurance | $22,337 |
| All other expenses | $16,656 |
| Total functional expenses | $656,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,821 |
| Savings and temporary cash investments | $180,365 |
| Pledges and grants receivable | $51,600 |
| Accounts receivable, net | $0 |
| 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 | $301 |
| Net Land, buildings, and equipment | $2,793,095 |
| Investments—publicly traded securities | $30,363 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,123,545 |
| Accounts payable and accrued expenses | $24,451 |
| Grants payable | $0 |
| Deferred revenue | $9,818 |
| 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 | $1,552,164 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,685 |
| Total liabilities | $1,614,118 |
| Net assets without donor restrictions | $1,428,109 |
| Net assets with donor restrictions | $81,318 |
| 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 | $3,123,545 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cornerstone Community Housing Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Ochs Family Foundation Baltimore, MD PURPOSE: TO SUPPORT HOMELESS MEN | $1,000 |
Endowment Analysis
| Beg. Balance | $27,125 |
| Earnings | $3,386 |
| Admin Expense | $148 |
| Ending Balance | $30,363 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Housing Partners Corporation Christiansburg, VA | $210,530,324 | $87,907,515 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Washington Housing Conservancy Inc Washington, DC | $420,260,184 | $21,973,797 |
Ahc Inc Arlington, VA | $252,147,992 | $33,394,070 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |