Cornerstone Community Development Corporation

Nonprofit profile at a glance

EIN
943100741
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
San Leandro, CA, USA
Phone
5103570205
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$16,071,412
Expenses
$14,811,071
Assets
$7,409,309
Liabilities
$2,379,485

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • CARLA DARTIS (VICE PRESIDENT)
  • CRISTI RITSCHEL (PRESIDENT)
  • ELIZABETH VARELA (EXECUTIVE DIRECTOR)

Highest reported compensation

  • EULA RACHELLE MARTIN (FINANCE DIRECTOR): $215,009 total reported compensation
  • ELIZABETH VARELA (EXECUTIVE DIRECTOR): $203,989 total reported compensation
  • SABRINA THOMAS (EMERGENCY SERVICES PROGRAM): $155,952 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ending homelessness and domestic violence of women and children

What it reported doing in 2024

Homeless services building futures operates two emergency shelters for women and children experiencing homelessness: the 30-bed san leandro shelter, and the 25-bed midway shelter. Participants are connected to the shelters through alameda county's coordinated entry system. Services include shelter, case management, referrals to housing programs, community and mainstream benefits and services, primary dental, medical and mental health care, financial literacy, and personalized advocacy and assistance. Residents also receive meals, shower and laundry facilities, and 24/7 staffing to ensure their safety. The agency also operates winter warming shelters in alameda and san leandro, providing overnight shelter and two meals. Street outreach programs in alameda, san leandro, and oakland connect people in need to one a housing resource center, where they are provided with housing problem solving, crisis assessment, and enrollment in one of building futures' coordinated entry system access points in san leandro, alameda, or oakland.

Operating model

Revenue model
Earned-program. 83% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 62
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82%; rating input score 82
  • Program expense ratio: 88.9%; rating input score 89
  • Fundraising efficiency: $2.08 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 7.8%; rating input score 62; 62nd percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 15.6% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 15.8% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 82% of revenue deployed · 88.9% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $13.2M in reported program spending
  • Leadership: top reported pay $215K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $528K reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.