Nonprofit · EIN 48-1021157
CORNERSTONE OF TOPEKA INC
Tax-exempt · TOPEKA, KS 66604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,383,839 | $1,477,824 | -$93,985 | $11,312,347 | $2,730,125 | $8,582,222 |
| December 31, 2024 | 990 | $2,182,652 | $1,319,085 | $863,567 | $10,688,993 | $1,887,305 | $8,801,688 |
| December 31, 2023 | 990 | $1,590,559 | $1,205,394 | $385,165 | $10,204,780 | $2,266,659 | $7,938,121 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $272,226
- of which government grants
- $17,659
- Program service revenue
- $1,122,590
- Investment income
- -$13,818
- Net gain from sales of assets
- -$27,053
- Net income from fundraising events
- $2,841
- Other revenue
- $2,841
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $109,855
- Other salaries and wages
- $282,347
- Salaries, compensation and benefits (total)
- $474,385
- Professional fundraising fees
- $0
- Legal fees
- $1,229
- Occupancy
- $411,182
- Travel
- $16,667
- Depreciation
- $341,761
- Program services (functional)
- $1,230,515
- Management and general (functional)
- $240,674
- Fundraising (functional)
- $6,635
Balance sheet and other
- Total assets, start of year
- $10,688,993
- Total assets, end of year
- $11,312,347
- Total liabilities, end of year
- $2,730,125
- Net assets, end of year
- $8,582,222
- Land, buildings and equipment
- $10,406,880
- Net assets without donor restrictions
- $3,094,087
- Net assets with donor restrictions
- $5,488,135
- Gross receipts
- $1,421,264
- Employees
- 6
- Volunteers
- 12
- Year formed
- 1986
- State of legal domicile
- KS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Christopher Palmer | Executive Director Trustee or director, Officer | 40 | $85,974 | $23,880 |
| Mark DeGroff | President Trustee or director, Officer | 1 | $0 | $0 |
| Sara Hood | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| Dianne Deuser | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Frank Fulton | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matthew Baldwin | Board Member Trustee or director | 1 | $0 | $0 |
| Charles Franks | Board Member Trustee or director | 1 | $0 | $0 |
| Wayne French | Board Member Trustee or director | 1 | $0 | $0 |
| Anne McInerney | Board Member Trustee or director | 1 | $0 | $0 |
| Mirida Osborne | Board Member Trustee or director | 1 | $0 | $0 |
| Jonathan Henry | Board Member Trustee or director | 1 | $0 | $0 |
| Cody Fredrickson | Board Member Trustee or director | 1 | $0 | $0 |
| Dana Dobbie Blindt | Board Member (Eff. 04/25) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Christopher Palmer | Executive Director Officer | 40 | $87,667 | $22,779 |
| Mark DeGroff | President Trustee or director, Officer | 1 | $0 | $0 |
| Sara Hood | Vice-President Trustee or director, Officer | 1 | $0 | $0 |
| RJ McGuire | Treasurer (Thru 05/24) Trustee or director, Officer | 1 | $0 | $0 |
| Dianne Deuser | Board Member/Treasurer (Eff. 05/24) Trustee or director, Officer | 1 | $0 | $0 |
| Frank Fulton | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Matthew Baldwin | Board Member Trustee or director | 1 | $0 | $0 |
| Charles Franks | Board Member Trustee or director | 1 | $0 | $0 |
| Wayne French | Board Member Trustee or director | 1 | $0 | $0 |
| Anne McInerney | Board Member Trustee or director | 1 | $0 | $0 |
| Mirida Osborne | Board Member Trustee or director | 1 | $0 | $0 |
| Jonathan Henry | Board Member (Eff. 05/24) Trustee or director | 1 | $0 | $0 |
| Cody Fredrickson | Board Member (Eff. 05/24) Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTOPHER PALMER | EXECUTIVE DIRECTOR Officer | 40 | $78,990 | $27,726 |
| MATTHEW BALDWIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DIANNE DEUSER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES FRANKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WAYNE FRENCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE MCINERNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MIRIDA OSBORNE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RJ MCGUIRE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| FRANK FULTON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SARA HOOD | VICE-PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| MARK DEGROFF | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1195 SW BUCHANAN ST STE 103, TOPEKA, KS 66604-1172
- Principal officer (990 for 2025)
- Christopher Palmer, 1195 SW Buchanan ST STE 103, Topeka, KS 66604
- Signed the 990
- Christopher Palmer, Executive Director
- Phone
- (785) 232-1650
- Website
- cornerstoneoftopeka.org
- Return prepared by
- Wendling Noe Nelson & Johnson LLC
Mission
All of Cornerstone efforts are directed toward interrupting the cycle of homelessness, providing decent, safe, accessible and affordable housing of choice to moderate and low-income households, and revitalizing Topeka neighborhoods.
Program accomplishments
- A combined transitional housing program (THP) and affordable housing program (AHP) currently are operated as one program by the organization.Transitional housing program (THP) - provides temporary housing (up to 6 months) to homeless persons and families with children in order to help them obtain permanent housing. Admission to the program is by referral from a shelter or social service agency. Selection criteria apply. The program is targeted to breaking the cycle of homelessness.Affordable housing program (AHP) - has an inventory of over 180 units of below-market rental housing. (See Schedule O).Expenses $1,230,515 · revenue $1,122,590
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 48-1021157
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $11,312,347
- Income (IRS master file)
- $1,421,264
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,383,839 | $1,477,824 | $11,312,347 | XML |
| 990 | December 2024 | $2,182,652 | $1,319,085 | $10,688,993 | XML |
| 990 | December 2023 | $1,590,559 | $1,205,394 | $10,204,780 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,755,566 | $1,165,548 | $9,462,883 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 48-1021157).
Questions about CORNERSTONE OF TOPEKA INC
- What is the EIN of CORNERSTONE OF TOPEKA INC?
- The employer identification number (EIN) of CORNERSTONE OF TOPEKA INC is 48-1021157.
- Is CORNERSTONE OF TOPEKA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to CORNERSTONE OF TOPEKA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE OF TOPEKA INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE OF TOPEKA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE OF TOPEKA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CORNERSTONE OF TOPEKA INC?
- The 990 for the year ended December 31, 2025 names Christopher Palmer.
- Who are the officers and directors of CORNERSTONE OF TOPEKA INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $85,974 (Christopher Palmer, Executive Director).
- How much revenue does CORNERSTONE OF TOPEKA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,383,839, expenses of $1,477,824 and total assets of $11,312,347 at year end.
Other nonprofits in TOPEKA
- TOPEKA RESCUE MISSION INC EIN 48-0688068 · last filed 990 for 2024
- LA COLONIA APARTMENTS INC EIN 20-8725313 · last filed 990 for 2025
- NORTH TOPEKA HOUSING CORPORATION EIN 48-1000266 · last filed 990 for 2025
- THA INC EIN 20-0414076 · last filed 990 for 2024
- COVENANT OF SHALOM INC EIN 48-1251558 · last filed 990-PF for 2024
- YOU CAN BEGIN AGAIN INC EIN 61-1570315 · last filed 990-EZ for 2025
- HOUSE OF HOPE INC EIN 38-3990400 · last filed 990-N for 2024
- STORMONT-VAIL HEALTHCARE INC EIN 48-0543789 · last filed 990 for 2025