Cornerstone Youth Home
- Assets
- $683.0k
- Revenue
- $220.1k
- Investments
- $0.0
- Employees
- 0
- Location
- York, PA
- Founding
- 09/2019
- Data as of
- 12/2021
- EIN
- 82-5100507
Organization Overview
Cornerstone Youth Home is located in York, PA. The organization was established in 2019. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Youth Home 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, Cornerstone Youth Home generated $220.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.0%) each year. All expenses for the organization totaled $215.7k during the year ending 12/2021. 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
INCREASING A STUDENT'S CAPACITY FOR LIFE-LONG EDUCATIONAL SUCCESS BY DISRUPTING THE CYCLE OF HOMELESSNESS AND TRANSIENCE IN A SAFE, STABLE, RESTORATIVE PRACTICE HOME ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FOOD & HOUSING TO ENSURE STABILITY FOR AT-RISK/HOMELESS YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Byrnes President | OfficerTrustee | 20 | $0 |
Anna Breland-Williams Secretary | OfficerTrustee | 5 | $0 |
Nakesha Muldrow Vice Preside | OfficerTrustee | 5 | $0 |
Johnathon Heller Treasurer | OfficerTrustee | 5 | $0 |
Brandon Bromley Trustee | Trustee | 1 | $0 |
Josh Hankey Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $16,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,858 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,068 |
| Total Program Service Revenue | $0 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $21,017 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $220,087 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $138,144 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,891 |
| Office expenses | $2,055 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,697 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,635 |
| Insurance | $13,164 |
| All other expenses | $3,744 |
| Total functional expenses | $215,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,039 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $590,007 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $683,046 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $683,046 |
| Net assets with donor restrictions | $0 |
| 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 | $683,046 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cornerstone Youth Home has recieved totaling $39,300.
| Awarding Organization | Amount |
|---|---|
York County Community Foundation York, PA PURPOSE: DASH OF HOPE FUNDRAISER, TEACHING THE WHOLE STUDENT, GENERAL SUPPORT | $16,800 |
Shipley Family Foundation York, PA PURPOSE: SUPPORT OPERATING ACTIVITIES | $12,500 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Youth Hostels Inc Silver Spring, MD | $60,757,084 | $27,874,015 |
Lcg Community Services Inc Brooklyn, NY | $2,005,849 | $5,179,376 |
Academic Properties Inc Philadelphia, PA | $27,629,572 | $7,526,969 |
St Marys Residence Of New York Inc New York, NY | $8,322,772 | $2,048,559 |
Recovery Point Of Hunting Inc Huntington, WV | $9,479,696 | $4,736,967 |
American Youth Hostels Inc Silver Spring, MD | $40,473,958 | $3,459,751 |
Isaiah House East Orange, NJ | $3,428,104 | $4,239,780 |
Rescue Mission Of Mahoning Valley Youngstown, OH | $10,421,726 | $4,223,090 |
Felicity House Inc New York, NY | $4,733,154 | $4,501,074 |
Community Teaching Homes Inc Holland, OH | $1,337,006 | $2,516,239 |
456 West 129 Street Housing Corp New York, NY | $222,723 | $2,156,739 |
Mohawk Valley Community College Dormitory Corp Utica, NY | $11,430,493 | $1,921,749 |