Nonprofit · EIN 81-5454306
CORNERSTONE COMMUNITY DEVELOPMENT CORP
Tax-exempt · HUNTINGTON, WV 25701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,772,675 | $1,313,794 | $458,881 | $494,957 | $0 | $494,957 |
| December 31, 2023 | 990 | -$383,818 | $170,904 | -$554,722 | $36,076 | $0 | $36,076 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $353,500
- Program service revenue
- $1,415,059
- Investment income
- $0
- Other revenue
- $4,116
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $125
- Depreciation
- $7,986
- Program services (functional)
- $1,313,794
Balance sheet and other
- Total assets, start of year
- $36,076
- Total assets, end of year
- $494,957
- Total liabilities, end of year
- $0
- Net assets, end of year
- $494,957
- Land, buildings and equipment
- $317,014
- Gross receipts
- $1,772,675
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2016
- State of legal domicile
- WV
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 |
|---|---|---|---|
| ROCKY ADKINS | TREASURER Trustee or director, Officer | 3 | $0 |
| BRENDA LANDERS | SECRETARY Trustee or director, Officer | 20 | $0 |
| NIKKI L THOMAS | PRESIDENT Trustee or director, Officer | 20 | $0 |
| RANDY SAUNDERS | VICE PRESIDE Trustee or director, Officer | 3 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROCKY ADKINS | BOARD MEMBER Trustee or director | 3 | $0 |
| BRENDA LANDERS | TREASURER Trustee or director | 3 | $0 |
| NIKKI L THOMAS | PRESIDENT Trustee or director | 20 | $0 |
| RANDY SAUNDERS | VICE PRESIDE Trustee or director | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 2 MARISA LN, HUNTINGTON, WV 25701-8511
- In care of
- % RANDY SAUNDERS
- Mailing address (990-N for 2017)
- 2 Marisa Laner, Huntington WV 25701
- Principal officer (990 for 2024)
- NIKKI L THOMAS, 2 MARISA LANE, HUNTINGTON, WV 25701
- Signed the 990
- RANDY SAUNDERS, VICE PRESIDENT
- Phone
- (304) 939-5726
- Return prepared by
- HESS STEWART & CAMPBELL PLLC
Mission
TO OFFER HOUSING ALONG WITH COMMUNITY DEVELOPMENT, MANAGEMENT AND OPERATIONS OF SOCIAL SERVICES. SEEK FUNDING TO PROVIDE HOUSING TO LOW INCOME SENIORS, AND SPECIAL NEEDS PERSONS. DEMOLITION AND REHABILITATION OF EXISTING STRUCTURES, LAND DEVELOPMENT AND CONSTRUCTION.
Program accomplishments
- TO OFFER HOUSING ALONG WITH COMMUNITY DEVELOPMENT, MANAGEMENT AND OPERATIONS OF SOCIAL SERVICES. SEEK FUNDING TO PROVIDE HOUSING TO LOW INCOME SENIORS, AND SPECIAL NEEDS PERSONS. DEMOLITION AND REHABILITATION OF EXISTING STRUCTURES, LAND DEVELOPMENT AND CONSTRUCTION.Expenses $1,313,794
- TO OFFER HOUSING ALONG WITH COMMUNITY DEVELOPMENT, MANAGEMENT AND OPERATIONS OF SOCIAL SERVICES. SEEK FUNDING TO PROVIDE HOUSING TO LOW INCOME SENIORS, AND SPECIAL NEEDS PERSONS. DEMOLITION AND REHABILITATION OF EXISTING STRUCTURES, LAND DEVELOPMENT AND CONSTRUCTION.
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
- 81-5454306
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $494,957
- Income (IRS master file)
- $1,772,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,772,675 | $1,313,794 | $494,957 | XML |
| 990 | December 2023 | -$383,818 | $170,904 | $36,076 | XML |
| 990 | December 2022 | $107,794 | $122,247 | $1,539,063 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2017 | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
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 81-5454306).
Questions about CORNERSTONE COMMUNITY DEVELOPMENT CORP
- What is the EIN of CORNERSTONE COMMUNITY DEVELOPMENT CORP?
- The employer identification number (EIN) of CORNERSTONE COMMUNITY DEVELOPMENT CORP is 81-5454306.
- Is CORNERSTONE COMMUNITY DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to CORNERSTONE COMMUNITY DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE COMMUNITY DEVELOPMENT CORP 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 COMMUNITY DEVELOPMENT CORP 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 COMMUNITY DEVELOPMENT CORP 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 COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names NIKKI L THOMAS.
- Who are the officers and directors of CORNERSTONE COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE COMMUNITY DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,772,675, expenses of $1,313,794 and total assets of $494,957 at year end.
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