Civic Intelligence

Cornerstone Housing Fund

EIN 34-1877416 • 501(c)3 • Willowick, OH

Profile

To evaluate and distribute moneys to provide for low income housing

29712 Sylvan DriveWillowick, OH 44095
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2014

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

97th percentile

87%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

92nd percentile

104%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $572,558 (-100%) from 2013

Liabilities

Down

$0

Down $434,000 (-100%) from 2013

Net Assets

Down

$0

Down $138,558 (-100%) from 2013

Operations
Liabilities / Revenue61st percentileNet Margin97th percentile

Revenue

Up

$71,378

Up $36,359 (+104%) from 2013

Expenses

Up

$8,979

Up $402 (+4.7%) from 2013

Net Income

Up

$62,399

Up $35,957 (+136%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth9th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0Assets 2013: $572,558Liabilities 2013: $434,000Net Assets 2013: $138,5582013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0
Open 2014 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80K$60K$40K$20K$0Revenue 2013: $35,019Expenses 2013: $8,577Net Income 2013: $26,4422013Revenue 2014: $71,378Expenses 2014: $8,979Net Income 2014: $62,3992014

Highlighted filing

2014

Revenue$71,378
Expenses$8,979
Net Income$62,399
Open 2014 Filing

Filings

Most recent year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$71,378
Expenses
$8,979
Net income
$62,399
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.71$0.09$0.62
2013Detailed filing. Detailed filing data is available for this year.$5.73$4.34$1.39$0.35$0.09$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 3, 2015
Return Version
2014v5.0
Gross Receipts
$476,701
Mission and Program Overview

Mission

To evaluate and distribute moneys to provide for low income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$433,230--
Cash and Non-Interest-Bearing Accounts$139,328--
Total Assets$572,558$0▼ $572,558
Liabilities
Unsecured Notes Loans Payable$434,000--
Total Liabilities$434,000$0▼ $434,000
Net Assets / Fund Balance
Unrestricted Net Assets$138,558--
Total Net Assets Fund Balance$138,558$0▼ $138,558
Total Liabilities and Net Assets / Fund Balance$572,558$0▼ $572,558
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Mike GriffinPresident
Sister Jane PankSecretary
Paul RodgersTreasurer
Sister Donna HawkVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$71,378
Other Revenue
$0
Change in Net Assets
$62,399
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,979
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$3,965$2,000-$5,965
Fees for Services Legal$722$722-$1,444
Fees for Services Accounting$660$660-$1,320
Fees for Services Other-$250-$250
Total Functional Expenses$5,347$3,632$0$8,979
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Cornerstone Housing Fund
EIN
34-1877416
Phone
4409434980
Address
29712 SYLVAN DRIVE, WILLOWICK, OH 44095

Signing Officer

Name
Paul Rodgers
Title
Treasurer
Phone
4409434980
Signed
2015-04-03

Organization Details

Principal Officer
Paul Rodgers
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Jlp Cpas LLC
Address
8952 TYLER BLVD, MENTOR, OH 44060-2185
Preparer
Paul R Pahoresky CPA
Phone
4409741040
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Liquidating distributions 176,194 other unrealized market value adjustment 24,763”

Raw XML Appendix258 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/GainOrLossGrp/SecuritiesAmt062315
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IRS990/IRPDocumentCnt00
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ReturnHeader/BuildTS02016-02-25 16:41:14Z
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ReturnHeader/ReturnTs02015-04-20T10:33:41-05:00
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ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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