Nonprofit · EIN 68-0340843
CORNERSTONE FOLSOM GARDENS CORPORATION II
Tax-exempt · DENVER, CO 80202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $599,429 | $581,151 | $18,278 | $1,394,434 | $91,495 | $1,302,939 |
| December 31, 2023 | 990 | $620,370 | $573,074 | $47,296 | $1,360,794 | $76,133 | $1,284,661 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $364,617
- of which government grants
- $364,617
- Program service revenue
- $229,899
- Investment income
- $249
- Other revenue
- $4,664
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $8,711
- Accounting fees
- $13,589
- Occupancy
- $239,082
- Depreciation
- $69,289
- Program services (functional)
- $567,562
- Management and general (functional)
- $13,589
Balance sheet and other
- Total assets, start of year
- $1,360,794
- Total assets, end of year
- $1,394,434
- Total liabilities, end of year
- $91,495
- Net assets, end of year
- $1,302,939
- Land, buildings and equipment
- $1,051,901
- Net assets without donor restrictions
- $1,302,939
- Gross receipts
- $599,429
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1994
- State of legal domicile
- CA
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG SHOEMAKER | PRESIDENT Officer | 1 | $0 | $295,887 | $22,009 |
| ED HOLDER | VICE PRESIDENT Officer | 1 | $0 | $264,789 | $45,695 |
| MELISSA CLAYTON | VICE PRESIDENT Officer | 1 | $0 | $273,011 | $35,478 |
| RAMIE DARE | VICE PRESIDENT Officer | 1 | $0 | $236,287 | $22,164 |
| LILLIAN LEW-HAILER | DIRECTOR Trustee or director | 1 | $0 | $237,092 | $20,643 |
| JOE ROSENBLUM | SECRETARY Officer | 1 | $0 | $232,582 | $10,382 |
| ELIZABETH KUWADA | VICE PRESIDENT Officer | 1 | $0 | $204,128 | $23,339 |
| ERIKA VILLABLANCA | VICE PRESIDENT Officer | 1 | $0 | $183,659 | $28,906 |
| CHAD PAYNE | TREASURER Officer | 1 | $0 | $201,515 | $9,965 |
| TIMOTHY DUNN | VICE PRESIDENT Officer | 1 | $0 | $174,531 | $34,000 |
| RICK SPRAGUE | VICE PRESIDENT Officer | 1 | $0 | $174,870 | $15,510 |
| ALVIN TUVILLA | VICE PRESIDENT Officer | 1 | $0 | $174,260 | $11,996 |
| JANET RUGGIERO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMY BAYLEY | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOUG SHOEMAKER | PRESIDENT Officer | 1 | $0 | $296,251 | $25,195 |
| MELISSA CLAYTON | VICE PRESIDENT Officer | 1 | $0 | $265,721 | $33,798 |
| ED HOLDER | VICE PRESIDENT Officer | 1 | $0 | $255,109 | $38,385 |
| RAMIE DARE | VICE PRESIDENT Officer | 1 | $0 | $229,391 | $20,964 |
| LILLIAN LEW-HAILER | DIRECTOR Trustee or director | 1 | $0 | $219,710 | $17,820 |
| JOSEPH ROSENBLUM | SECRETARY Officer | 1 | $0 | $222,348 | $10,201 |
| ELIZABETH KUWADA | VICE PRESIDENT Officer | 1 | $0 | $197,417 | $22,734 |
| ERIKA VILLABLANCA | VICE PRESIDENT Officer | 1 | $0 | $177,291 | $28,669 |
| TIMOTHY DUNN | VICE PRESIDENT Officer | 1 | $0 | $168,637 | $33,259 |
| CHAD PAYNE | TREASURER Officer | 1 | $0 | $192,189 | $8,496 |
| RICK SPRAGUE | VICE PRESIDENT Officer | 1 | $0 | $168,803 | $14,598 |
| ALVIN TUVILLA | VICE PRESIDENT Officer | 1 | $0 | $169,078 | $11,670 |
| BRUCE SAAB | VICE PRESIDENT (UNTIL 10/23) Officer | 1 | $0 | $84,979 | $13,324 |
| JANET RUGGIERO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STAN KEASLING | CHAIR/DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| AMY BAYLEY | ASSISTANT SECRETARY Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 BROADWAY STE 2000, DENVER, CO 80202-4929
- Principal officer (990 for 2024)
- DOUG SHOEMAKER, 1600 BROADWAY SUITE 2000, DENVER, CO 802025704
- Signed the 990
- CHAD PAYNE, TREASURER
- Phone
- (303) 830-3300
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
CORNERSTONE FOLSOM GARDENS CORPORATION II IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF ACQUIRING AND OPERATING A 48 UNIT APARTMENT COMMUNITY KNOWN AS FOLSOM GARDENS APARTMENTS II LOCATED IN FOLSOM, CALIFORNIA.
Program accomplishments
- CORNERSTONE FOLSOM GARDENS CORPORATION II IS A NOT-FOR-PROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA FOR THE PURPOSE OF ACQUIRING AND OPERATING A 48 UNIT APARTMENT COMMUNITY KNOWN AS FOLSOM GARDENS APARTMENTS II LOCATED IN FOLSOM, CALIFORNIA.Expenses $567,562 · revenue $234,563
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 | Not 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
- 68-0340843
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80Z)
- Assets (IRS master file)
- $1,394,434
- Income (IRS master file)
- $599,429
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $599,429 | $581,151 | $1,394,434 | IRS |
| 990 | December 2023 | $620,370 | $573,074 | $1,360,794 | XML |
| 990 | December 2022 | $593,557 | $517,137 | $1,327,769 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | 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 68-0340843).
Questions about CORNERSTONE FOLSOM GARDENS CORPORATION II
- What is the EIN of CORNERSTONE FOLSOM GARDENS CORPORATION II?
- The employer identification number (EIN) of CORNERSTONE FOLSOM GARDENS CORPORATION II is 68-0340843.
- Is CORNERSTONE FOLSOM GARDENS CORPORATION II tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to CORNERSTONE FOLSOM GARDENS CORPORATION II tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE FOLSOM GARDENS CORPORATION II 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 FOLSOM GARDENS CORPORATION II due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE FOLSOM GARDENS CORPORATION II last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORNERSTONE FOLSOM GARDENS CORPORATION II?
- The 990 for the year ended December 31, 2024 names DOUG SHOEMAKER.
- Who are the officers and directors of CORNERSTONE FOLSOM GARDENS CORPORATION II?
- The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE FOLSOM GARDENS CORPORATION II have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $599,429, expenses of $581,151 and total assets of $1,394,434 at year end.
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