Civic Intelligence

Cornerstone Apartments Inc

EIN 64-0895603 • 501(c)3 • Vicksburg, MS

Profile

The organization operates a 13-unit apartment complex which provides supportive housing for individuals with disabilites.

3444 Wisconsin AvenueVicksburg, MS 39180-5331
Siviq Scores

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

Liabilities / Assets

81st percentile

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

0.45x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

51st percentile

1.9%

Higher net margin than 51% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

58th percentile

1.6%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

71st percentile

19%

Faster revenue growth than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$342,007

Up $5,330 (+1.6%) from 2024

Liabilities

Up

$48,626

Up $3,244 (+7.1%) from 2024

Net Assets

Up

$293,381

Up $2,086 (+0.7%) from 2024

Revenue

Up

$107,474

Up $17,378 (+19%) from 2024

Expenses

Down

$105,388

Down $6,023 (-5.4%) from 2024

Net Income

Up

$2,086

Up $23,401 (+110%) from 2024

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $538,056Liabilities 2011: $40,092Net Assets 2011: $497,9642011Assets 2012: $520,089Liabilities 2012: $40,704Net Assets 2012: $479,3852012Assets 2013: $544,068Liabilities 2013: $41,354Net Assets 2013: $502,7142013Assets 2014: $510,228Liabilities 2014: $44,781Net Assets 2014: $465,4472014Assets 2015: $502,198Liabilities 2015: $43,461Net Assets 2015: $458,7372015Assets 2016: $482,994Liabilities 2016: $43,436Net Assets 2016: $439,5582016Assets 2017: $474,900Liabilities 2017: $42,366Net Assets 2017: $432,5342017Assets 2018: $457,385Liabilities 2018: $36,353Net Assets 2018: $421,0322018Assets 2019: $438,698Liabilities 2019: $34,760Net Assets 2019: $403,9382019Assets 2020: $416,442Liabilities 2020: $39,171Net Assets 2020: $377,2712020Assets 2021: $391,729Liabilities 2021: $35,380Net Assets 2021: $356,3492021Assets 2022: $377,245Liabilities 2022: $39,324Net Assets 2022: $337,9212022Assets 2023: $352,050Liabilities 2023: $39,440Net Assets 2023: $312,6102023Assets 2024: $336,677Liabilities 2024: $45,382Net Assets 2024: $291,2952024Assets 2025: $342,007Liabilities 2025: $48,626Net Assets 2025: $293,3812025

Highlighted filing

2025

Assets$342,007
Liabilities$48,626
Net Assets$293,381

Operations Trend

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

$150K$100K$50K$0-$50KRevenue 2011: $55,977Expenses 2011: $77,186Net Income 2011: -$21,2092011Revenue 2012: $53,118Expenses 2012: $71,697Net Income 2012: -$18,5792012Revenue 2013: $89,304Expenses 2013: $65,975Net Income 2013: $23,3292013Revenue 2014: $57,898Expenses 2014: $95,165Net Income 2014: -$37,2672014Revenue 2015: $64,327Expenses 2015: $71,037Net Income 2015: -$6,7102015Revenue 2016: $60,030Expenses 2016: $79,209Net Income 2016: -$19,1792016Revenue 2017: $72,750Expenses 2017: $79,774Net Income 2017: -$7,0242017Revenue 2018: $72,898Expenses 2018: $84,400Net Income 2018: -$11,5022018Revenue 2019: $69,884Expenses 2019: $86,978Net Income 2019: -$17,0942019Revenue 2020: $63,924Expenses 2020: $90,591Net Income 2020: -$26,6672020Revenue 2021: $69,184Expenses 2021: $90,106Net Income 2021: -$20,9222021Revenue 2022: $78,957Expenses 2022: $97,385Net Income 2022: -$18,4282022Revenue 2023: $80,712Expenses 2023: $106,023Net Income 2023: -$25,3112023Revenue 2024: $90,096Expenses 2024: $111,411Net Income 2024: -$21,3152024Revenue 2025: $107,474Expenses 2025: $105,388Net Income 2025: $2,0862025

Highlighted filing

2025

Revenue$107,474
Expenses$105,388
Net Income$2,086

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.42$0.49$2.93$1.07$1.05$0.02
2024Detailed filing. Detailed filing data is available for this year.$3.37$0.45$2.91$0.90$1.11$0.21
2023Detailed filing. Detailed filing data is available for this year.$3.52$0.39$3.13$0.81$1.06$0.25
2022Detailed filing. Detailed filing data is available for this year.$3.77$0.39$3.38$0.79$0.97$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.35$3.56$0.69$0.90$0.21
2020Detailed filing. Detailed filing data is available for this year.$4.16$0.39$3.77$0.64$0.91$0.27
2019Detailed filing. Detailed filing data is available for this year.$4.39$0.35$4.04$0.70$0.87$0.17
2018Summary only. Only limited summary data is available for this year.$4.57$0.36$4.21$0.73$0.84$0.12
2017Summary only. Only limited summary data is available for this year.$4.75$0.42$4.33$0.73$0.80$0.07
2016Summary only. Only limited summary data is available for this year.$4.83$0.43$4.40$0.60$0.79$0.19
2015Summary only. Only limited summary data is available for this year.$5.02$0.43$4.59$0.64$0.71$0.07
2014Summary only. Only limited summary data is available for this year.$5.10$0.45$4.65$0.58$0.95$0.37
2013Summary only. Only limited summary data is available for this year.$5.44$0.41$5.03$0.89$0.66$0.23
2012Summary only. Only limited summary data is available for this year.$5.20$0.41$4.79$0.53$0.72$0.19
2011Summary only. Only limited summary data is available for this year.$5.38$0.40$4.98$0.56$0.77$0.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Dec 29, 2025
Return Version
2024v5.0
Gross Receipts
$107,474
Mission and Program Overview

Mission

The organization operates a 13-unit apartment complex which provides supportive housing for individuals with disabilites.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$301,978$286,933▼ $15,045
Cash and Non-Interest-Bearing Accounts$16,639$34,553▲ $17,914
Loans From Officers Directors$22,177$22,177→ $0
Total Assets$336,677$342,007▲ $5,330
Other Assets Total$18,060$20,521▲ $2,461
Liabilities
Accounts Payable and Accrued Expenses$20,964$24,136▲ $3,172
Other Liabilities$2,221$2,221→ $0
Deferred Revenue$20$92▲ $72
Total Liabilities$45,382$48,626▲ $3,244
Net Assets / Fund Balance
Net Assets With Donor Restrictions$676,400$676,400→ $0
Net Assets Without Donor Restrictions$-385,105$-383,019▲ $2,086
Total Net Assets Fund Balance$291,295$293,381▲ $2,086
Total Liabilities and Net Assets / Fund Balance$336,677$342,007▲ $5,330

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$268,670$452,107$720,777
Other Land Buildings$7,958$31,417$39,375
Equipment$25$17,753$17,778
Land$10,280-$10,280
Other Assets Org$2,221--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Milicent LedbetterPresident
Birchel WashingtonDirector
Don BrownDirector
Bobbby BartonSecretary
Rick VessellTreasurer
James RobertsVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$107,473
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$2,086

Audited Revenue Reconciliation

Revenue per Audited Statements
$107,474
Total Revenue per Audited Statements
$107,474
Total Revenue per Form 990
$107,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,388
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
Occupancy$27,083--$27,083
Depreciation Depletion$21,840--$21,840
Fees for Services Management-$7,030-$7,030
Fees for Services Accounting-$5,971-$5,971
Conferences and Meetings-$812-$812
Office Expenses$457--$457
Other Expenses$103--$103
Total Functional Expenses$91,575$13,813$0$105,388

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$105,388
Total Expenses per Audited Statements$105,388
Total Expenses per Form 990$105,388
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$22,177$22,177→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$2,221
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Warren-yazoo behavioral health, inc. Is the managing agent.

Form 990, Page 6, Part VI, Line 7A

Organization has members, stockholders, or other persons who may elect members to governing body.

Form 990, Page 6, Part VI, Line 7B

Decisions of the governing body subject to approval by members, stockholders, or other persons.

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

The board of directors has the opportunity to review the form 990 in draft form before the final form 990 is submitted to the irs.

Form 990, Page 6, Part VI, Line 19

Available at the office of the managing agent: warren-yazoo behavioral health, inc. 3444 wisconsin avenue vicksburg, ms 39180-5331

Filing and Contact Details

Filer

Filer Name
Cornerstone Apartments Inc
EIN
64-0895603
Phone
6016380031
Address
3444 WISCONSIN AVENUE, VICKSBURG, MS 39180-5331

Signing Officer

Name
Rick Vessell
Title
Treasurer
Phone
6016380031
Signed
2025-12-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Milicent Ledbetter
Formed
1998
Legal Domicile
Ms
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
Jonathan Joel Wallace
Phone
2259263360
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IRS990ScheduleA/Total509Grp/TotalAmt0426417
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0107474
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt090096
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt080712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt078957
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt069184
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0426423
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0268670
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0452107
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0720777
IRS990ScheduleD/EquipmentGrp/BookValueAmt025
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017753
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017778
IRS990ScheduleD/ExpensesSubtotalAmt0105388
IRS990ScheduleD/LandGrp/BookValueAmt010280
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt010280
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015298
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt22221
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07958
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt031417
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02221
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0107474
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0286933
IRS990ScheduleD/TotalBookValueOtherAssetsAmt020521
IRS990ScheduleD/TotalExpensesPerForm990Amt0105388
IRS990ScheduleD/TotalLiabilityAmt02221
IRS990ScheduleD/TotalRevenuePerForm990Amt0107474
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0107474
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0105388
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt022177
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0WARREN-YAZOO BEHAVIORAL HEALTH INC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt027777
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SPONSOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/TotalBalanceDueAmt022177
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WARREN-YAZOO BEHAVIORAL HEALTH, INC. IS THE MANAGING AGENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WHO MAY ELECT MEMBERS TO GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DECISIONS OF THE GOVERNING BODY SUBJECT TO APPROVAL BY MEMBERS, STOCKHOLDERS, OR OTHER PERSONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS HAS THE OPPORTUNITY TO REVIEW THE FORM 990 IN DRAFT FORM BEFORE THE FINAL FORM 990 IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABLE AT THE OFFICE OF THE MANAGING AGENT: WARREN-YAZOO BEHAVIORAL HEALTH, INC. 3444 WISCONSIN AVENUE VICKSBURG, MS 39180-5331
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0336677
IRS990/TotalAssetsEOYAmt0342007
IRS990/TotalAssetsGrp/BOYAmt0336677
IRS990/TotalAssetsGrp/EOYAmt0342007
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt013813
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt091575
IRS990/TotalFunctionalExpensesGrp/TotalAmt0105388
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045382
IRS990/TotalLiabilitiesEOYAmt048626
IRS990/TotalLiabilitiesGrp/BOYAmt045382
IRS990/TotalLiabilitiesGrp/EOYAmt048626
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0291295
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0293381
IRS990/TotalProgramServiceExpensesAmt091575
IRS990/TotalProgramServiceRevenueAmt0107473
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0107474
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0107474
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0336677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0342007
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03444 WISCONSIN AVENUE
IRS990/USAddress/CityNm0VICKSBURG
IRS990/USAddress/StateAbbreviationCd0MS
IRS990/USAddress/ZIPCd0391805331
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK VESSELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06016380031
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-12-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CORNERSTONE APARTMENTS INC
ReturnHeader/Filer/BusinessNameControlTxt0CORN
ReturnHeader/Filer/EIN0640895603
ReturnHeader/Filer/PhoneNum06016380031
ReturnHeader/Filer/USAddress/AddressLine1Txt03444 WISCONSIN AVENUE
ReturnHeader/Filer/USAddress/CityNm0VICKSBURG
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd0391805331
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721314069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MADDOX & ASSOCIATES APC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05627 BANKERS AVE BLDG 2
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BATON ROUGE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0708082610
ReturnHeader/PreparerPersonGrp/PhoneNum02259263360
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JONATHAN JOEL WALLACE
ReturnHeader/ReturnTs02026-01-13T16:37:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-10-01
ReturnHeader/TaxPeriodEndDt02025-09-30
ReturnHeader/TaxYr02024

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