EIN 84-2737310

Cornerstone Housing for Adults with Disabilities

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2019
Most recent tax filings
2023-12-01
Description
Cornerstone Housing for Adults with Disabilities aims to provide adult living options for individuals who have intellectual and developmental disabilities. Currently, the organization is in the development stage of creating a living structure to accommodate these individuals. As a California nonprofit organization founded in June 2019 and headquartered in North Hollywood, Cornerstone Housing for Adults with Disabilities plans to operate subsidized housing for those who need it.
Total revenues
$5,680,609
2023
Total expenses
$1,062,505
2023
Total assets
$39,084,611
2023
Num. employees
0
2023

Program areas at Cornerstone Housing for Adults with Disabilities

The organization intends to develop and operate subsidized Housing for persons in the greater los angeles community with recognized physical or mental Disabilities or developmental disorders, who have limited financial resources and are dependent to some extent on public and charitable assistance. The organization began a capital campaign to raise funds to develop a center that includes more than 60 individual apartments, program, fitness, and kitchen and dining areas, as well as leased retail space. During the year ended december 31, 2020, the organization acquired the land and building that will be transformed into the center. During fiscal year 2021, the construction project began to transform the location into the intended community which is expected to be completed in 2025.

Who funds Cornerstone Housing for Adults with Disabilities

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Jewish Community Foundation of the Jewish Federation Council of Greater LaGeneral Support$280,100
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$222,250
National Philanthropic TrustHuman Services$200,000
...and 8 more grants received

Personnel at Cornerstone Housing for Adults with Disabilities

NameTitleCompensation
Michael HeldExecutive Director
Kambiz BabaoffPresident$0

Financials for Cornerstone Housing for Adults with Disabilities

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,270,854
Program services$0
Investment income and dividends$332,186
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$53,006
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$24,563
Total revenues$5,680,609

Form 990s for Cornerstone Housing for Adults with Disabilities

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-09-13990View PDF

Organizations like Cornerstone Housing for Adults with Disabilities

OrganizationLocationRevenue
El Paso - American Housing FoundationFairfax, VA$3,744,529
Haywood Street Community DevelopmentAsheville, NC$2,486,572
Housing Development Corporation of Dekalb (HDC)Decatur, GA$12,273,653
Abode Property ManagementFremont, CA$8,329,851
MAAC Housing CorporationChula Vista, CA$5,471,154
Pomona Valley Habitat for HumanityLa Verne, CA$1,612,233
TCHFH LendingSaint Paul, MN$2,466,684
Ann Arbor Housing Development CorpAnn Arbor, MI$9,777,127
Brookline Improvement CoalitionBrookline, MA$1,536,782
Willow Creek HousingNorth Bethesda, MD$2,054,966
Data update history
August 25, 2024
Received grants
Identified 1 new grant, including a grant for $25,000 from Caplow Family Foundation
January 11, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Received grants
Identified 6 new grant, including a grant for $280,100 from Jewish Community Foundation of the Jewish Federation Council of Greater La
December 28, 2023
Used new vendors
Identified 2 new vendors, including , and
October 23, 2023
Received grants
Identified 8 new grant, including a grant for $52,500 from Jewish Community Foundation of the Jewish Federation Council of Greater Los Angeles
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Tax deductible donationsNo full-time employeesAccepts online donations
General information
Address
13034 Saticoy St
North Hollywood, CA 91605
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Website URL
thecornerstonevillage.org/ 
Phone
(818) 985-3882
IRS details
EIN
84-2737310
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2019
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62422: Community Housing Services
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - Awaiting Reporting
FTB status revoked
Not revoked
AG Registration Number
CT0272010
FTB Entity ID
4290920
AB 488 data last updated ("as-of") date
2024-12-31
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