Cornerstone Revitalization Center
- Assets
- $107.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 07/2010
- Data as of
- 12/2022
- EIN
- 90-0439807
Organization Overview
Cornerstone Revitalization Center is located in Richmond, VA. The organization was established in 2010. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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 Revitalization Center 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 Revitalization Center generated $54.4k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $46.1k during the year ending 12/2022. While expenses have increased by 7.3% per year over the past 3 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Huff Chairman | 15 | $0 | |
Nathan Alderson Treasurer | 2 | $0 | |
Joshua Weber Secretary | 2 | $0 | |
Cheryl Dunford Member | 2 | $0 | |
Shawn Franco Member | 2 | $0 | |
Tim Brock Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,248 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $171 |
| Other Revenue | $0 |
| Total Revenue | $54,419 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $24,884 |
| Professional fees and other payments to independent contractors | $1,250 |
| Occupancy, rent, utilities, and maintenance | $6,244 |
| Printing, publications, postage, and shipping | $289 |
| Other expenses | $13,389 |
| Total expenses | $46,056 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $107,103 |
| Other assets | $0 |
| Total assets | $107,103 |
| Total liabilities | $0 |
| Net assets or fund balances | $107,103 |