Cornerstone Holdings Group Inc

Organization Overview

Cornerstone Holdings Group Inc is located in Avondale, AZ. The organization was established in 2016. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Holdings Group Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.

For the year ending 12/2021, Cornerstone Holdings Group Inc generated $132.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (43.1%) each year.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HOLDINGS TITLE AND ASSETS FOR ITS SOLE MEMBER, CORNERSTONE CHRISTIAN CENTER ASSEMBLY OF GOD

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOLDS ALL TITLES AND ASSETS OF ITS SOLE MEMBER, CORNERSTONE CHRISTIAN CENTER ASSEMBLY OF GOD. INCOME IS PRIMARILY EXCESS FUNDS FROM THE SOLE MEMBER. EXPENSES INCLUDE FILING FEES, INTEREST EXPENSE, AND DEPRECIATION EXPENSE.


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Board, Officers & Key Employees

Name (title)Compensation
Dwight Chase
CEO
$0
Ernest Rojas
Secretary/treasurer
$0
Jerry Elwood
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$20
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$130,925
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$130,945
Total Program Service Revenue$0
Investment income $1,079
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 $132,024

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