Cornerstone Assistance Network Inc is located in Fort Worth, TX. The organization was established in 1992. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 12/2022, Cornerstone Assistance Network Inc employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Assistance Network Inc 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 Assistance Network Inc generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $9.8m during the year ending 12/2022. While expenses have increased by 15.2% 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
THE ORGANIZATION ASSISTS HOMELESS INDIVIDUALS, SINGLE PARENTS AND LOW INCOME FAMILIES IN OBTAINING FOOD, SHELTER, CLOTHING, EMPLOYMENT CHILDCARE, TRANSPORTATION AND FINANCIAL AND MEDICAL ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGENCY FIN SRVCS, CCB,& CCC: OUTREACH TO HOMELESS PEOPLE TO ENGAGE THEM INTO A STRATEGY TO ACCESS SERVICES AVAILABLE TO THEM
ALL OTHER ACCOMPLISHMENT , PROVIDED FOOD , CLOTHING, HOUSEHOLD ITEMS, JOB TRAINING, AFTER SCHOOL CARE, MEDICAL CLINICS, COMMUNITY MEETING YOUTH ACTIVITIES, COMPUTER LABS , TRAINING, ESL,GED HOUSING, CASE MANAGEMENT, RENT AMD UTILITY ASSISTANCE, EMERGENCY ASSISTANCE, REFERRAL SERVICES, TRANSPORTATION AND RELATED SERVICES TO LOW INCOME & HOMELESS INDIVIDUALS. ALSO PROVIDED FURNITURE, APPLIANCES, HOUSEHOLD ITEMS AND TECHNICAL ASSISTANCE TO ORGANIZATIONS SERVING NEEDY, LOW INCOME AND HOMELESS PEOPLE
COMM SRVCS, THRIFT STORE,RE-ENTRY SRVCS, WORKFORCE DEV., INTERMED SRVCS, MEDICAL CLINIC, VISTA, CAN VISTA, RSVP: DIRECT ACCESS TO SERVICES AND RESOURCES TO PEOPLE IN THEIR TARRANT COUNTY AREA
SPANISH GARDENS &PERMANENT HOUSING:PROVIDE DWELLINGS FOR LOW INCOME AND HOMELESS PEOPLE ACCOMPANIED BY SUPPORT SERVICES NECESSARY TO ACHIEVE SELF-SUFFICIENCY
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Barfield Board Member | Trustee | 0 | $0 |
Becky Biser Vice Chair-Bd Of Dir | Trustee | 1 | $0 |
Michael T Cooke Chairman Bd Of Dir | Trustee | 1 | $0 |
Mike Doyle Exec Director | OfficerTrustee | 40 | $126,200 |
Max Falls Board Member | Trustee | 0 | $0 |
David Haefeli Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $6,476,244 |
All other contributions, gifts, grants, and similar amounts not included above | $2,650,440 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,126,684 |
Total Program Service Revenue | $343,884 |
Investment income | $13,474 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $52,549 |
Net Gain/Loss on Asset Sales | $127,783 |
Net Income from Fundraising Events | -$20,977 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $12,729,429 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,280 |
Grants and other assistance to domestic individuals. | $6,072,441 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $126,200 |
Compensation of current officers, directors, key employees. | $7,572 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,782,159 |
Pension plan accruals and contributions | $70,333 |
Other employee benefits | $177,730 |
Payroll taxes | $145,377 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $45,544 |
Advertising and promotion | $3,580 |
Office expenses | $291,692 |
Information technology | $65,760 |
Royalties | $0 |
Occupancy | $118,418 |
Travel | $24,318 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,185 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $278,712 |
Insurance | $63,365 |
All other expenses | $335,474 |
Total functional expenses | $9,769,218 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,438,026 |
Savings and temporary cash investments | $454,293 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $844,937 |
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 | $0 |
Net Land, buildings, and equipment | $3,514,885 |
Investments—publicly traded securities | $0 |
Investments—other securities | $124,460 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $98,392 |
Total assets | $9,474,993 |
Accounts payable and accrued expenses | $88,035 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $88,035 |
Net assets without donor restrictions | $4,976,079 |
Net assets with donor restrictions | $4,410,879 |
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 | $9,474,993 |