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
2022-12-01
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
$11,507,131
2022
Total expenses
$603,940
2022
Total assets
$32,943,869
2022
Num. employees
0
2022

Program areas at Cornerstone Housing for Adults with Disabilities

Cornerstone Housing for Adults with Disabilities (the organization) is a California nonprofit organization founded in june 2019 and is headquartered in north hollywood, California. 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 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 fiscal year 2023.

Who funds Cornerstone Housing for Adults with Disabilities

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$1,538,583
Jewish Community Foundation of the Jewish Federation Council of Greater LaGeneral Support$280,100
Jewish Community Foundation of Los AngelesGeneral Support$125,000
...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 12/2022
Total grants, contributions, etc.$12,205,195
Program services$0
Investment income and dividends$8,761
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$27,145
Net gain from sale of non-inventory assets$-733,970
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$11,507,131

Form 990s for Cornerstone Housing for Adults with Disabilities

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-15990View PDF
2020-122021-09-13990View PDF
Data update history
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
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Housing and shelter organizationsCharities
Issues
Human servicesHousing
Characteristics
Tax deductible donationsNo full-time employees
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
(562) 257-1010
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
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