Overview
What is Cornerstone Rhf Housing Inc?
Cornerstone Rhf Housing Inc is a nonprofit organization, established in accordance with Texas's nonprofit statutes. Its primary mission is to operate a 65-unit community named Cornerstone Gardens, situated in Houston, Texas. This housing complex caters specifically to low-income elderly individuals, in compliance with Section 202 of the National Housing Act. The organization's purpose is to provide a safe and comfortable living environment for its residents, contributing positively to their well-being.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Cornerstone Rhf Housing Inc has received a solid Three-Star rating, reflecting an 82% score primarily based on its accountability and finance practices. This rating indicates that the organization has made a commitment to transparency and responsible financial management, which is crucial for building trust with donors and stakeholders.
The organization demonstrates strong governance, with 100% of its board members being independent. It has implemented effective policies, such as a conflict of interest policy and a whistleblower policy, which contribute to its high accountability scores. Additionally, a significant program expense ratio of 91.63% suggests that most of the funds are being allocated directly to its programs, further emphasizing its mission-driven focus.
However, the reported salaries of key personnel indicate that compensation for executive roles may be substantial, which could raise questions among some donors about the allocation of resources. Overall, while the organization showcases solid financial stewardship, potential contributors may want to consider these salary figures in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Rhf Housing Inc legitimate?
Cornerstone Rhf Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Rhf Housing 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
Official website here: www.rhf.org
What is the mission statement of Cornerstone Rhf Housing Inc?
Cornerstone Rhf Housing Inc, as a non-profit organization, was established with the mission to provide housing for low-income elderly individuals. This mission is carried out through the operation of a 65-unit community known as Cornerstone Gardens, located in an unspecified area. This community operates in compliance with Section 202 of the National Housing Act, aiming to serve this specific demographic. The corporation's purpose is to provide a beneficial living environment for these elderly individuals, contributing to their overall well-being and quality of life.
Official website here: www.rhf.org
Who is the CEO of Cornerstone Rhf Housing Inc?
Hartman Stuart J is the CEO of Cornerstone Rhf Housing Inc The CEO's salary of Cornerstone Rhf Housing Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Cornerstone Rhf Housing Inc?
Cornerstone Rhf Housing Inc's revenue in 2024 was $532,176.
Official website here: www.rhf.org
Who are the executives of Cornerstone Rhf Housing Inc and what are their salaries?
Here are 35 key members and their salaries (Cornerstone Rhf Housing Inc's CEO's salary is $0 and their total compensation is $685,724):
- Compensation: $0
- Related: $617,596
- Other: $68,128
- Compensation: $0
- Related: $440,286
- Other: $49,216
- Compensation: $0
- Related: $378,582
- Other: $25,235
- Compensation: $0
- Related: $259,219
- Other: $21,908
- Compensation: $0
- Related: $246,158
- Other: $37,102
- Compensation: $0
- Related: $248,822
- Other: $40,606
- Compensation: $0
- Related: $245,158
- Other: $41,335
- Compensation: $0
- Related: $242,093
- Other: $46,746
- Compensation: $0
- Related: $239,642
- Other: $49,191
- Compensation: $0
- Related: $228,362
- Other: $48,817
- Compensation: $0
- Related: $223,831
- Other: $4,520
- Compensation: $0
- Related: $210,648
- Other: $3,734
- Compensation: $0
- Related: $209,162
- Other: $18,816
- Compensation: $0
- Related: $197,200
- Other: $19,731
- Compensation: $0
- Related: $184,618
- Other: $4,763
- Compensation: $0
- Related: $177,682
- Other: $5,331
- Compensation: $0
- Related: $177,323
- Other: $16,482
- Compensation: $0
- Related: $173,077
- Other: $5,192
- Compensation: $0
- Related: $166,856
- Other: $23,842
- Compensation: $0
- Related: $168,542
- Other: $19,443
- Compensation: $0
- Related: $153,750
- Other: $18,784
- Compensation: $0
- Related: $151,652
- Other: $6,199
- Compensation: $0
- Related: $153,972
- Other: $18,804
- Compensation: $0
- Related: $147,014
- Other: $18,185
- Compensation: $0
- Related: $143,382
- Other: $17,693
- Compensation: $0
- Related: $137,523
- Other: $16,437
- Compensation: $0
- Related: $137,151
- Other: $16,749
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.rhf.org
Where can I find the form 990 for Cornerstone Rhf Housing Inc?
Cornerstone Rhf Housing Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rhf.org
Learn more at the official website: www.rhf.org
Mission Statement of Cornerstone Rhf Housing Inc
Cornerstone Rhf Housing Inc is a non-profit organization established in accordance with the state of Texas's non-profit statutes. Its primary mission is to operate a 65-unit community known as Cornerstone Gardens, providing housing for low-income elderly individuals. This mission is carried out in compliance with Section 202 of the National Housing Act, which has been amended over the years. The organization's purpose is to offer a safe and comfortable living space for this specific demographic, aiming to enhance their quality of life.
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Impact
July, 2024
Cornerstone Rhf Housing Inc's impact is significant as it provides housing for low-income elderly persons in Houston, Texas through its operation of a 65-unit community called Cornerstone Gardens. By offering affordable housing options to this vulnerable population, the organization plays a crucial role in ensuring that seniors have a safe and secure place to call home. This helps improve the quality of life for these individuals by addressing their housing needs and promoting a sense of stability and community. Additionally, Cornerstone Rhf Housing Inc's focus on affordable housing aligns with the broader goal of addressing housing insecurity and homelessness among seniors, making a positive impact on society as a whole.
This information is meant to be a general summary of Cornerstone Rhf Housing 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 2024.
- Investment Income: $6,823
- Program Service Revenue: $230,251
- Gross Receipts: $532,176
Assets and Liabilities:
- Total Assets: $2,634,627
- Total Liabilities: $4,319,268
- Net Assets: -$1,684,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$230,251
Organization Details
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