Overview
What is Ehc Cornerstone Inc?
Ehc Cornerstone Inc, located in Baltimore, Maryland, is a supporting organization dedicated to aiding entities that serve moderate and low-income individuals and families. Their primary mission is to provide financial assistance for housing projects, benefiting these income groups. As a subsidiary of Enterprise Community Development, Inc., a 501(c)(3) organization, Ehc Cornerstone Inc plays a crucial role in promoting affordable housing solutions for vulnerable communities.
Is Ehc Cornerstone Inc legitimate?
Ehc Cornerstone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ehc Cornerstone 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: $0
For more financial information, click here
What is the mission statement of Ehc Cornerstone Inc?
Ehc Cornerstone Inc, serving as a supporting organization to Enterprise Community Development Inc., is dedicated to providing support for housing projects that benefit moderate to low-income individuals and families. The organization's primary mission is to offer loans to entities that cater to the needs of this income group, aiming to enhance their access to affordable housing. By doing so, Ehc Cornerstone Inc contributes to improving the living conditions and fostering stability for these individuals and families.
Who is the CEO of Ehc Cornerstone Inc?
Christine Madigan is the Evp & Chief Business Officer of Ehc Cornerstone Inc. The CEO's salary of Ehc Cornerstone Inc is $0 and their total compensation is $658,323.
What is the revenue of Ehc Cornerstone Inc?
Ehc Cornerstone Inc's revenue in 2022 was $246,809.
Who are the executives of Ehc Cornerstone Inc and what are their salaries?
Here are 5 key members and their salaries (Ehc Cornerstone Inc's CEO's salary is $0 and their total compensation is $658,323):
- Compensation: $0
- Related: $634,188
- Other: $24,135
- Compensation: $0
- Related: $551,286
- Other: $45,732
- Compensation: $0
- Related: $646,044
- Other: $43,150
- Compensation: $0
- Related: $259,591
- Other: $45,295
- Compensation: $0
- Related: $341,976
- Other: $37,584
Where can I find the form 990 for Ehc Cornerstone Inc?
Ehc Cornerstone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ehc Cornerstone Inc
Ehc Cornerstone Inc, as a supporting organization, is committed to furthering the mission of Enterprise Community Development, Inc., a 501(c)(3) entity dedicated to supporting housing projects that benefit moderate to low-income individuals and families. In alignment with this mission, Ehc Cornerstone Inc operates with the purpose of providing loans to entities that cater to the needs of moderate and low-income individuals and families. By doing so, the organization aims to contribute to the enhancement of housing projects that are essential for these groups, thereby promoting their overall well-being.
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Impact
October, 2024
Ehc Cornerstone Inc significantly impacts the community by facilitating housing projects aimed at supporting moderate to low-income individuals and families in Baltimore, MD. By providing loans to entities dedicated to serving these populations, the organization plays a crucial role in enhancing access to affordable housing. Through its collaboration with Enterprise Community Development, Inc., Ehc Cornerstone Inc strengthens the infrastructure necessary for sustainable housing solutions, ultimately improving the living conditions and quality of life for many underserved residents. This focus on housing support not only addresses immediate needs but also fosters long-term economic stability and community development.
This information is meant to be a general summary of Ehc Cornerstone 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.
- Program Service Revenue: $246,809
- Gross Receipts: $246,809
Assets and Liabilities:
- Total Assets: $13,861,216
- Total Liabilities: $0
- Net Assets: $13,861,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RECOVERY OF BAD DEBT
Revenue
$240,879
INCOME ON LOANS
Revenue
$5,930
Organization Details
Founding Year
2009
Phone
(410) 772-2673Principal Officer
Christine Madigan
Main Address
875 HOLLINS STREET 202, BALTIMORE, MD, 21201
NTEE Category
Code: L112 - Housing
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