Civic Intelligence

Village at Ascension Heights Inc C/O Cornerstone Corporation

EIN 86-1115165 • 501(c)3 • Westwood, MA

Profile

The organization's primary mission is to provide affordable housing to qualified individuals in the worcester, ma area, in accordance with the united states department of housing and urban development guidelines.

One University Avenue 110Westwood, MA 02090

n/A

Siviq Scores

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

Liabilities / Assets

97th percentile

1.56x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

13.90x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

28th percentile

-3.2%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-18%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,804,038

Down $127,599 (-3.2%) from 2023

Liabilities

Up

$5,934,173

Up $43,667 (+0.7%) from 2023

Net Assets

Down

-$2,130,135

Down $171,266 (-8.7%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Down

$427,011

Down $96,736 (-18%) from 2023

Expenses

Up

$598,277

Up $50,108 (+9.1%) from 2023

Net Income

Down

-$171,266

Down $146,844 (-601%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $5,630,644Liabilities 2010: $5,934,919Net Assets 2010: -$304,2752010Assets 2011: $5,461,757Liabilities 2011: $5,907,459Net Assets 2011: -$445,7022011Assets 2012: $5,296,820Liabilities 2012: $5,913,547Net Assets 2012: -$616,7272012Assets 2013: $5,172,455Liabilities 2013: $5,911,433Net Assets 2013: -$738,9782013Assets 2014: $5,045,664Liabilities 2014: $5,907,583Net Assets 2014: -$861,9192014Assets 2015: $4,900,895Liabilities 2015: $5,912,526Net Assets 2015: -$1,011,6312015Assets 2016: $4,672,207Liabilities 2016: $5,870,508Net Assets 2016: -$1,198,3012016Assets 2017: $4,525,119Liabilities 2017: $5,878,088Net Assets 2017: -$1,352,9692017Assets 2018: $4,418,998Liabilities 2018: $5,874,466Net Assets 2018: -$1,455,4682018Assets 2019: $4,351,953Liabilities 2019: $5,891,018Net Assets 2019: -$1,539,0652019Assets 2020: $4,266,565Liabilities 2020: $5,897,353Net Assets 2020: -$1,630,7882020Assets 2021: $4,157,546Liabilities 2021: $5,901,334Net Assets 2021: -$1,743,7882021Assets 2022: $3,962,717Liabilities 2022: $5,897,164Net Assets 2022: -$1,934,4472022Assets 2023: $3,931,637Liabilities 2023: $5,890,506Net Assets 2023: -$1,958,8692023Assets 2024: $3,804,038Liabilities 2024: $5,934,173Net Assets 2024: -$2,130,1352024

Highlighted filing

2024

Assets$3,804,038
Liabilities$5,934,173
Net Assets-$2,130,135
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $408,1272010Expenses 2011: $424,4382011Expenses 2012: $445,0602012Revenue 2013: $286,435Expenses 2013: $408,686Net Income 2013: -$122,2512013Revenue 2014: $281,974Expenses 2014: $404,915Net Income 2014: -$122,9412014Revenue 2015: $287,275Expenses 2015: $436,986Net Income 2015: -$149,7112015Revenue 2016: $288,481Expenses 2016: $475,151Net Income 2016: -$186,6702016Revenue 2017: $301,628Expenses 2017: $456,296Net Income 2017: -$154,6682017Revenue 2018: $358,707Expenses 2018: $461,206Net Income 2018: -$102,4992018Revenue 2019: $374,339Expenses 2019: $457,936Net Income 2019: -$83,5972019Revenue 2020: $370,531Expenses 2020: $462,254Net Income 2020: -$91,7232020Revenue 2021: $412,270Expenses 2021: $525,270Net Income 2021: -$113,0002021Revenue 2022: $370,160Expenses 2022: $560,819Net Income 2022: -$190,6592022Revenue 2023: $523,747Expenses 2023: $548,169Net Income 2023: -$24,4222023Revenue 2024: $427,011Expenses 2024: $598,277Net Income 2024: -$171,2662024

Highlighted filing

2024

Revenue$427,011
Expenses$598,277
Net Income-$171,266
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,804,038
Liabilities
$5,934,173
Net assets
-$2,130,135
Revenue
$427,011
Expenses
$598,277
Net income
-$171,266
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.80$5.93$2.13$0.43$0.60$0.17
2023Detailed filing. Detailed filing data is available for this year.$3.93$5.89$1.96$0.52$0.55$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.96$5.90$1.93$0.37$0.56$0.19
2021Detailed filing. Detailed filing data is available for this year.$4.16$5.90$1.74$0.41$0.53$0.11
2020Detailed filing. Detailed filing data is available for this year.$4.27$5.90$1.63$0.37$0.46$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.35$5.89$1.54$0.37$0.46$0.08
2018Detailed filing. Detailed filing data is available for this year.$4.42$5.87$1.46$0.36$0.46$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.53$5.88$1.35$0.30$0.46$0.15
2016Detailed filing. Detailed filing data is available for this year.$4.67$5.87$1.20$0.29$0.48$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.90$5.91$1.01$0.29$0.44$0.15
2014Detailed filing. Detailed filing data is available for this year.$5.05$5.91$0.86$0.28$0.40$0.12
2013Detailed filing. Detailed filing data is available for this year.$5.17$5.91$0.74$0.29$0.41$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$5.91$0.62$0.45
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$5.91$0.45$0.42
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.63$5.93$0.30$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$427,011
Mission and Program Overview

Mission

The organization's primary mission is to provide affordable housing to qualified individuals in the worcester, massachusetts area, in accordance with the united states department of housing & urban development guidelines.

The organization's mission is to provide affordable housing to qualified individuals in worcester, massachusetts, and in accordance with the united states department of housing and urban development guidelines. Its most significant activity is to provide 35 apartment units of low income housing to qualifying individuals in the worcester, massachusetts area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,460,565$3,318,154▼ $142,411
Accounts Receivable$7,759$6,754▼ $1,005
Prepaid Expenses and Deferred Charges$7,870$2,542▼ $5,328
Cash and Non-Interest-Bearing Accounts$3,591$1,268▼ $2,323
Total Assets$3,931,637$3,804,038▼ $127,599
Other Assets Total$451,852$475,320▲ $23,468
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,853,650$5,856,020▲ $2,370
Accounts Payable and Accrued Expenses$24,255$65,269▲ $41,014
Other Liabilities$12,601$12,884▲ $283
Total Liabilities$5,890,506$5,934,173▲ $43,667
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,958,869$-2,130,135▼ $171,266
Total Net Assets Fund Balance$-1,958,869$-2,130,135▼ $171,266
Total Liabilities and Net Assets / Fund Balance$3,931,637$3,804,038▼ $127,599

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,289,124$2,529,547$5,818,671
Equipment$29,030$310,519$339,549
Other Assets Org$9,264--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Madden Fr John FPresident
Angers JeanneDirector
Fresolo JohnDirector
Simoncini KennethDirector
Skrzek SandraDirector
Testa MichaelDirector
Riley Jr RichardDirector (thru April 2022)
Laurie LorraineSecretary
Palmer ChristopherTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$409,885
Investment Income
$17,126
Other Revenue
$0
Change in Net Assets
$-171,266

Audited Revenue Reconciliation

Revenue per Audited Statements
$427,011
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$427,011
Total Revenue per Form 990
$427,011
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$511,340
Salaries, Compensation, and Employee Benefits$86,937
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$169,808$1,872-$171,680
Occupancy$132,404$1,481-$133,885
Other Salaries and Wages$59,480$11,917-$71,397
Insurance$31,664$354-$32,018
Fees for Services Management-$29,296-$29,296
Other Employee Benefits$11,710--$11,710
Office Expenses-$10,583-$10,583
Fees for Services Accounting-$9,250-$9,250
Other Expenses$383$6,979-$7,362
Payroll Taxes$3,830--$3,830
Advertising$517--$517
Total Functional Expenses$525,036$73,241$0$598,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$598,277
Total Expenses per Audited Statements$598,277
Total Expenses per Form 990$598,277
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,884
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, Part VI, Section A, Line 2

“Two directors are family members: john fresolo and sandra skrzek are siblings.”

Form 990, Part VI, Section A, Line 3

“Cornerstone corporation, one university avenue, suite 110, westwood, ma 02090.”

Form 990, Part VI, Section A, Line 7A

“Directors are elected at their annual meeting or at any regular or special meeting, the notice of which specifies the election of directors as an item of business for such meeting.”

Form 990, Part VI, Section A, Line 7B

“The corporation shall not have any members. Any action or vote required or permitted by law to be taken by members shall be taken by action or vote of the same percentage of the directors of the corporation.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 is provided to all members of the governing board before it is filed. The treasurer also reviews for completeness and accuracy.”

Form 990, Part VI, Section C, Line 19

“Financial statements are attached to the massachusetts form pc filed with the attorney general's office. This form is open to public inspection. Governing documents are not available to the public. A copy of by-laws is on file at the office at 42 vernon street, worcester, ma 01610.”

Filing and Contact Details

Filer

Filer Name
Village at Ascension Heights Inc
EIN
86-1115165
Phone
7814072100
Address
ONE UNIVERSITY AVENUE 110, WESTWOOD, MA 02090

Signing Officer

Name
Paul J Tryder
Title
Agent
Phone
7814072100
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Fr John F Madden
Formed
2004
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
9

Preparer

Firm
Pkf Jnd Pc
Address
400 CROWN COLONY DRIVE SUITE 102, QUINCY, MA 02169
Preparer
George B Janes
Phone
6174220007
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 2C:

“The organization has a management agent, cornerstone corporation, who assumes responsibility for the oversight of the audit process.”

Financial Statement Notes

PART X, LINE 2:

“The corporation was organized as a tax-exempt entity under mgl chapter 180, and has been classified as exempt from federal taxation under section 501(c)(3) of the internal revenue code. Additionally, the corporation is presently considered as "other than a private foundation". The corporation may be subject to federal taxation in future periods to the extent of its unrelated business taxable income (ubti), if any. During the year ended december 31, 2024, the corporation's support and revenues were realized exclusively from exempt activities. Management believes there are no uncertain tax positions. The corporation's tax returns are subject to audit by taxing authorities for three years after filing.”

Raw XML AppendixShowing 400 of 443 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/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN WORCESTER, MASSACHUSETTS, AND IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES. ITS MOST SIGNIFICANT ACTIVITY IS TO PROVIDE 35 APARTMENT UNITS OF LOW INCOME HOUSING TO QUALIFYING INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA, IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt05853650
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt05856020
IRS990/NetAssetsOrFundBalancesBOYAmt0-1958869
IRS990/NetAssetsOrFundBalancesEOYAmt0-2130135
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1958869
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2130135
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt01481
IRS990/OccupancyGrp/ProgramServicesAmt0132404
IRS990/OccupancyGrp/TotalAmt0133885
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt010583
IRS990/OfficeExpensesGrp/TotalAmt010583
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0451852
IRS990/OtherAssetsTotalGrp/EOYAmt0475320
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt011710
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011710
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01509
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16979
IRS990/OtherExpensesGrp/ProgramServicesAmt0115240
IRS990/OtherExpensesGrp/ProgramServicesAmt1383
IRS990/OtherExpensesGrp/TotalAmt0116749
IRS990/OtherExpensesGrp/TotalAmt17362
IRS990/OtherLiabilitiesGrp/BOYAmt012601
IRS990/OtherLiabilitiesGrp/EOYAmt012884
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011917
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt059480
IRS990/OtherSalariesAndWagesGrp/TotalAmt071397
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt03830
IRS990/PayrollTaxesGrp/TotalAmt03830
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07870
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02542
IRS990/PrincipalOfficerNm0FR JOHN F MADDEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0408075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11620
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2190
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0408075
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11620
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2190
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012776
IRS990/PYOtherExpensesAmt0464379
IRS990/PYOtherRevenueAmt0120277
IRS990/PYProgramServiceRevenueAmt0390694
IRS990/PYRevenuesLessExpensesAmt0-24422
IRS990/PYSalariesCompEmpBnftPaidAmt083790
IRS990/PYTotalExpensesAmt0548169
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0523747
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-171266
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0409885
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt017126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012776
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0571
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0191
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt030865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0409885
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0390694
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0369589
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0412079
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0370330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01952577
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt017126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012776
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0571
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0191
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0201
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt030865
IRS990ScheduleA/InvestmentIncomeCYPct00.01560
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.42300
IRS990ScheduleA/PublicSupportPY509Pct00.41850
IRS990ScheduleA/PublicSupportTotal509Amt0839053
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0225591
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0218887
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0223227
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0224566
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0221253
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01113524
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0225591
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0218887
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0223227
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0224566
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0221253
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01113524
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0409885
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0390694
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0369589
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0412079
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0370330
IRS990ScheduleA/Total509Grp/TotalAmt01952577
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0427011
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0403470
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0370160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0412270
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0370531
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01983442
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03289124
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02529547
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05818671
IRS990ScheduleD/EquipmentGrp/BookValueAmt029030
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0310519
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0339549
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0598277
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt014213
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt17790
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2444053
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39264
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANTS' SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012884
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0427011
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION WAS ORGANIZED AS A TAX-EXEMPT ENTITY UNDER MGL CHAPTER 180, AND HAS BEEN CLASSIFIED AS EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ADDITIONALLY, THE CORPORATION IS PRESENTLY CONSIDERED AS "OTHER THAN A PRIVATE FOUNDATION". THE CORPORATION MAY BE SUBJECT TO FEDERAL TAXATION IN FUTURE PERIODS TO THE EXTENT OF ITS UNRELATED BUSINESS TAXABLE INCOME (UBTI), IF ANY. DURING THE YEAR ENDED DECEMBER 31, 2024, THE CORPORATION'S SUPPORT AND REVENUES WERE REALIZED EXCLUSIVELY FROM EXEMPT ACTIVITIES. MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. THE CORPORATION'S TAX RETURNS ARE SUBJECT TO AUDIT BY TAXING AUTHORITIES FOR THREE YEARS AFTER FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03318154
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0475320
IRS990ScheduleD/TotalExpensesPerForm990Amt0598277
IRS990ScheduleD/TotalLiabilityAmt012884
IRS990ScheduleD/TotalRevenuePerForm990Amt0427011
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0427011
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0598277
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TWO DIRECTORS ARE FAMILY MEMBERS: JOHN FRESOLO AND SANDRA SKRZEK ARE SIBLINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CORNERSTONE CORPORATION, ONE UNIVERSITY AVENUE, SUITE 110, WESTWOOD, MA 02090.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS ARE ELECTED AT THEIR ANNUAL MEETING OR AT ANY REGULAR OR SPECIAL MEETING, THE NOTICE OF WHICH SPECIFIES THE ELECTION OF DIRECTORS AS AN ITEM OF BUSINESS FOR SUCH MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CORPORATION SHALL NOT HAVE ANY MEMBERS. ANY ACTION OR VOTE REQUIRED OR PERMITTED BY LAW TO BE TAKEN BY MEMBERS SHALL BE TAKEN BY ACTION OR VOTE OF THE SAME PERCENTAGE OF THE DIRECTORS OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE 990 IS PROVIDED TO ALL MEMBERS OF THE GOVERNING BOARD BEFORE IT IS FILED. THE TREASURER ALSO REVIEWS FOR COMPLETENESS AND ACCURACY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINANCIAL STATEMENTS ARE ATTACHED TO THE MASSACHUSETTS FORM PC FILED WITH THE ATTORNEY GENERAL'S OFFICE. THIS FORM IS OPEN TO PUBLIC INSPECTION. GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. A COPY OF BY-LAWS IS ON FILE AT THE OFFICE AT 42 VERNON STREET, WORCESTER, MA 01610.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS A MANAGEMENT AGENT, CORNERSTONE CORPORATION, WHO ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03931637
IRS990/TotalAssetsEOYAmt03804038
IRS990/TotalAssetsGrp/BOYAmt03931637
IRS990/TotalAssetsGrp/EOYAmt03804038
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt073241
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0525036
IRS990/TotalFunctionalExpensesGrp/TotalAmt0598277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05890506
IRS990/TotalLiabilitiesEOYAmt05934173
IRS990/TotalLiabilitiesGrp/BOYAmt05890506
IRS990/TotalLiabilitiesGrp/EOYAmt05934173
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1958869
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2130135
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0525036
IRS990/TotalProgramServiceRevenueAmt0409885
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt017126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0409885
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0427011
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03931637
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03804038

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