Overview
What is Cornerstone Adult Services Inc?
Cornerstone Adult Services Inc, operating under the name Saint Elizabeth Adult Day Centers, is a nonprofit organization situated in various locations across Rhode Island, namely Warwick, Bristol, Apponaug, and South Kingston. Their primary focus is to provide affordable adult daycare services to the elderly population and individuals battling Alzheimer's and other related dementias. They also cater to individuals with various health conditions such as cardiac issues, stroke, diabetes, Parkinson's disease, multiple sclerosis, developmental disabilities, and other physical and behavioral health diagnoses. In the year ending June 30, 2022, they offered a total of 19,489 client days of services at these centers. The organization employs 39 individuals, committed to improving the quality of life for their clients.
Official website here: www.stelizabethcommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Cornerstone Adult Services Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The organization scored 92% overall, with its rating primarily based on its robust accountability and finance metrics. This high score indicates that Cornerstone maintains strong oversight of its financial practices, ensuring that resources are managed effectively and transparently.
The organization demonstrates excellent governance, with 100% of its board members being independent, and it has a well-structured audit and oversight committee. All necessary policies, including conflict of interest and whistleblower policies, are in place and publicly accessible, further highlighting its commitment to ethical operations. The high program expense ratio of 94.13% also suggests that the majority of its expenditures are directed towards its programs rather than administrative costs.
However, while the overall financial health appears solid, the liabilities to assets ratio at 55.54% may suggest that the organization has a moderate level of debt. This factor could be a consideration for potential donors or stakeholders assessing the financial stability of Cornerstone Adult Services Inc. Overall, the organization is well-managed and dedicated to its mission, making it a reliable choice for contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Adult Services Inc legitimate?
Cornerstone Adult Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Adult Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,087,280
For more financial information, click here
Official website here: www.stelizabethcommunity.org
What is the mission statement of Cornerstone Adult Services Inc?
Cornerstone Adult Services Inc is dedicated to providing affordable adult daycare services to individuals struggling with various health conditions, particularly those affected by Alzheimer's. Their mission is to cater to the elderly population and those with Alzheimer's, offering support and care in a low-cost setting. Their adult day centers, located in Warwick, Bristol, Apponaug, and South Kingstown, Rhode Island, provide services to individuals dealing with conditions such as cardiac issues, stroke, diabetes, Parkinson's disease, multiple sclerosis, developmental disabilities, and various forms of dementia, among others. During the year ending June 30, 2022, they offered a total of 19,489 client days of services at these centers.
Official website here: www.stelizabethcommunity.org
Who is the CEO of Cornerstone Adult Services Inc?
Matthew R Trimble is the Principal Officer of Cornerstone Adult Services Inc.
Official website here: www.stelizabethcommunity.org
What is the revenue of Cornerstone Adult Services Inc?
Cornerstone Adult Services Inc's revenue in 2022 was $2,399,332.
Official website here: www.stelizabethcommunity.org
Who are the executives of Cornerstone Adult Services Inc and what are their salaries?
The average compensation at Cornerstone Adult Services Inc during 2022 was $27,879. There are 39 employees at Cornerstone Adult Services Inc.
Here are 23 key members and their salaries:
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- Related: $312,468
- Other: $7,559
Official website here: www.stelizabethcommunity.org
Where can I find the form 990 for Cornerstone Adult Services Inc?
Cornerstone Adult Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stelizabethcommunity.org
Learn more at the official website: www.stelizabethcommunity.org
Mission Statement of Cornerstone Adult Services Inc
Cornerstone Adult Services Inc is committed to providing affordable adult daycare services for the elderly population and those affected by Alzheimer's. Their primary goal is to create an environment that caters to individuals dealing with various health conditions, such as cardiac issues, strokes, diabetes, Parkinson's disease, multiple sclerosis, developmental disabilities, Alzheimer's disease, and other forms of dementia, as well as other physical and behavioral health diagnoses. The organization offers its services through four adult day centers located in Warwick, Bristol, Apponaug, and South Kingstown, Rhode Island. In the year ending June 30, 2022, a total of 19,489 client days of services were provided at these centers, demonstrating their dedication to serving their community.
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Impact
July, 2024
Cornerstone Adult Services Inc's impact is significant in providing low-cost adult daycare services to the communities' elderly population and those afflicted with Alzheimer's. Through their four adult day centers located in Warwick, Bristol, Apponaug, and South Kingstown, Rhode Island, the organization offers services to individuals with various conditions including cardiac issues, stroke, diabetes, Parkinson's disease, multiple sclerosis, developmental disabilities, Alzheimer's disease, and other forms of dementia, as well as other physical and behavioral health diagnoses. In the year ended June 30, 2022, they provided a total of 19,489 client days of services at these centers. Their mission to offer affordable adult day care services plays a crucial role in supporting the well-being and quality of life of these individuals in the community.
This information is meant to be a general summary of Cornerstone Adult Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $275
- Program Service Revenue: $1,561,806
- Gross Receipts: $2,399,332
Assets and Liabilities:
- Total Assets: $1,593,080
- Total Liabilities: $600,481
- Net Assets: $992,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADULT DAY SERVICES
Revenue
$1,561,806
Organization Details
Founding Year
1974
Phone
(401) 739-2844Principal Officer
Matthew R Trimble
Main Address
140 WARWICK NECK AVENUE, WARWICK, RI, 02889
Website
www.stelizabethcommunity.orgNTEE Category
Code: P70 - Human services
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