Nonprofit · EIN 54-1714395
CORNERSTONES HOUSING CORPORATION
Tax-exempt · RESTON, VA 20190
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $989,833 | $1,351,311 | -$361,478 | $9,354,852 | $8,897,852 | $457,000 |
| June 30, 2024 | 990 | $1,367,720 | $1,327,704 | $40,016 | $9,410,977 | $8,592,499 | $818,478 |
| June 30, 2023 | 990 | $1,067,653 | $1,434,349 | -$366,696 | $10,028,391 | $9,249,929 | $778,462 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $23,804
- Program service revenue
- $938,185
- Investment income
- $27,844
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,976
- Occupancy
- $180,217
- Depreciation
- $360,177
- Program services (functional)
- $1,000,638
- Management and general (functional)
- $350,673
Balance sheet and other
- Total assets, start of year
- $9,410,977
- Total assets, end of year
- $9,354,852
- Total liabilities, end of year
- $8,897,852
- Net assets, end of year
- $457,000
- Land, buildings and equipment
- $7,828,238
- Net assets without donor restrictions
- $457,000
- Gross receipts
- $989,833
- Employees
- 0
- Volunteers
- 43
- Year formed
- 1970
- State of legal domicile
- VA
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KERRIE B WILSON | SECRETARY Trustee or director, Officer | 20 | $0 | $199,584 | $8,874 |
| CHERYL SIMPKINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTY ZEITZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRAN STEINBAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN D THOMAS | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ESTHER B JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT GOUDIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SCHAAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CASEY VEATCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KERRIE B WILSON | SECRETARY Trustee or director, Officer | 20 | $0 | $187,629 | $8,399 |
| CHERYL SIMPKINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTY ZEITZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRAN STEINBAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN D THOMAS | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ESTHER B JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT GOUDIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SCHAAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CASEY VEATCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KERRIE B WILSON | SECRETARY Trustee or director, Officer | 20 | $0 | $177,893 | $8,239 |
| CHERYL SIMPKINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CHRISTY ZEITZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRAN STEINBAUER | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN D THOMAS | IMMEDIATE PAST CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| ESTHER B JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT GOUDIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN SCHAAR | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| CASEY VEATCH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11150 SUNSET HILLS RD STE 210, RESTON, VA 20190-5334
- Principal officer (990 for 2024)
- SHANNON STEENE, 11150 SUNSET HILLS RD STE 210, RESTON, VA 20190
- Signed the 990
- SHANNON STEENE, CEO
- Phone
- (571) 323-9555
- Return prepared by
- PBMARES LLP
Mission
CORNERSTONES HOUSING CORPORATION (CHC) OPERATES AS THE AFFORDABLE HOUSING ARM OF CORNERSTONES, INC. TOGETHER, CORNERSTONES AND ITS SUBSIDIARY CHC HAVE SERVED FAIRFAX COUNTY LOW- TO MODERATE-INCOME RESIDENTS FOR OVER 50 YEARS. WORKING IN LONG-TERM PARTNERSHIP WITH LOCAL JURISDICTIONS, CHC PROVIDES AFFORDABLE RENTAL HOUSING AND WRAP-AROUND SUPPORTS TO FAMILIES AND INDIVIDUALS EXPERIENCING HOMELESSNESS OR WHO ARE UNABLE TO MAINTAIN STABLE HOUSING DUE TO ECONOMIC OR OTHER HARDSHIPS. AS PART OF OUR SIGNATURE APPROACH, WE PROVIDE ALL TENANTS WITH ACCESS TO SUPPORTIVE PROGRAMS AND SERVICES SUCH AS FOOD, QUALITY CHILDCARE, JOB SKILLS TRAINING, AND CASE MANAGEMENT TO BUILD FAMILY RESILIENCY AND OPPORTUNITY. THROUGH THESE PROGRAMS WE OFFER STABILITY, EMPOWERMENT, AND HOPE FOR NORTHERN VIRGINIA'S MOST VULNERABLE NEIGHBORS.
Program accomplishments
- SERVICE-ENRICHED AFFORDABLE RENTAL HOUSING: CORNERSTONES HOUSING CORPORATION (CHC) CURRENTLY MANAGES 104 AFFORDABLE SCATTERED-SITE RENTAL HOMES AND APARTMENTS, SERVING EXTREMELY LOW AND LOW-INCOME HOUSEHOLDS, INCLUDING LOW-INCOME SENIORS AND THOSE TRANSITIONING OUT OF HOMELESSNESS. THE SCATTERED-SITE RENTAL PROGRAM COMPRISES 56 TOWNHOMES AND CONDOMINIUMS IN RESTON, HERNDON, AND CENTREVILLE, RENTED TO INDIVIDUALS AND FAMILIES QUALIFYING FOR HOUSING SUBSIDIES OR RECEIVING DISCOUNTED RENT FROM CORNERSTONES/CHC. THE APARTMENTS AT NORTH POINT, A 48-UNIT TAX CREDIT DEVELOPMENT IN RESTON, VIRGINIA, OFFERS AFFORDABLE RENTS TO HOUSEHOLDS EARNING BETWEEN 30-60% OF THE AREA MEDIAN INCOME THROUGH RIHC PARTNERS, LP. MANY RESIDENTS WERE PREVIOUSLY HOMELESS OR AT RISK, FACING LIMITED OPTIONS FOR HOUSING IN THIS HIGH-COST REGION. RESIDENTS ARE SUPPORTED BY CORNERSTONES' SUPPORTIVE HOUSING CASE MANAGERS, WHO PLAY A VITAL ROLE IN SUPPORTING VULNERABLE POPULATIONS BY OFFERING COUNSELING, GUIDANCE, AND ADVOCACY. THEY FOCUS ON THE EMOTIONAL HEALTH AND PHYSICAL WELLBEING OF CHILDREN, FAMILIES, AND OTHER VULNERABLE GROUPS, PROVIDING THEM WITH COUNSELING, COPING SKILLS, AND ADVOCACY SERVICES. THESE PROFESSIONALS POSSESS STRONG PROBLEM-SOLVING ABILITIES, ENABLING THEM TO IDENTIFY AND ADDRESS BARRIERS TO STABLE HOUSING WHILE CONNECTING PEOPLE TO SERVICES THAT SUPPORT HOUSING STABILITY. THEY OFTEN MANAGE LARGE CASELOADS, DEVELOPING AND IMPLEMENTING CARE PLANS TAILORED TO THE NEEDS OF PARTICIPANTS AND THEIR FAMILIES. CORNERSTONES SUCCESS STEMS FROM OUR COMPREHENSIVE RANGE OF PROGRAMS AND WRAP-AROUND SERVICES, WHICH ADDRESS URGENT OR ONGOING NEEDS SUCH AS HOUSING, FOOD, CHILDCARE, OR FINANCIAL ASSISTANCE, ALL AIMED AT FOSTERING HEALTHY CHILDREN, YOUTH, AND FAMILIES, SECURING AFFORDABLE HOUSING, AND PROMOTING FINANCIAL INDEPENDENCE.Expenses $1,000,638 · revenue $938,185
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1714395
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $9,354,852
- Income (IRS master file)
- $989,833
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $989,833 | $1,351,311 | $9,354,852 | IRS |
| 990 | June 2024 | $1,367,720 | $1,327,704 | $9,410,977 | IRS |
| 990 | June 2023 | $1,067,653 | $1,434,349 | $10,028,391 | XML |
| 990 | June 2022 | $1,074,592 | $1,225,017 | $10,378,427 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-1714395).
Questions about CORNERSTONES HOUSING CORPORATION
- What is the EIN of CORNERSTONES HOUSING CORPORATION?
- The employer identification number (EIN) of CORNERSTONES HOUSING CORPORATION is 54-1714395.
- Is CORNERSTONES HOUSING CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to CORNERSTONES HOUSING CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONES HOUSING CORPORATION 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 CORNERSTONES HOUSING CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONES HOUSING CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORNERSTONES HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 names SHANNON STEENE.
- Who are the officers and directors of CORNERSTONES HOUSING CORPORATION?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONES HOUSING CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $989,833, expenses of $1,351,311 and total assets of $9,354,852 at year end.
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