Cornerstone Corporation

Nonprofit profile at a glance

EIN
431108915
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Saint Louis, MO, USA
Phone
3147262273
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$0
Expenses
$0
Assets
$1,165,288
Liabilities
$195,149

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

Leadership & pay

8 people listed

Executive titles in this filing

  • JEREMY MOORE (PRESIDENT)

People named in this filing

  • JEREMY MOORE (PRESIDENT)
  • GAIL MONTGOMERY EDWARDS (DIRECTOR)
  • LISA POTTS (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Cornerstone Corporation is a Christian Community Development Corporation that provides an equal opportunity to affordable housing to those who would not otherwise have it also instills value and hope to those in the neighborhood and promotes community development and personal achievement in the West End neighborhood.

What it reported doing in 2024

Cornerstone Corporation is a Christian Community Development Corporation that provides an equitable opportunity for quality, affordable housing to those who would not otherwise have it. Cornerstone is helping residents grow and achieve life goals.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 80
  • Sustainability: 2
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 26th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.17; rating input score 16; 16th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 8.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 10 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Liabilities to assets ratio scored 16/100.
  • Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
  • Review — Accountability: Governance controls: 2 of 7 not reported.