Overview
What is Cornerstone Assisted Living Inc?
Cornerstone Assisted Living Inc, inspired by the healing mission of the Catholic Church, is a nonprofit organization based in St. Louis, Missouri. Rooted in the Catholic tradition of caring, CAL is committed to maximizing the dignity and independence of the elderly residents they serve. As part of Ascension Living, the organization continually develops and adopts new best practices in care. With a skilled nursing facility and two campuses, CAL offers assisted living and memory care. In 2022, the skilled nursing facility had an average occupancy of 59%, or 73.5%, and the assisted living campus had an average occupancy of 55%, or 86.9%. In FY2022, the organization provided 11,154 days of care to the poor. CAL serves the Wichita area and surrounding counties, including Sedgwick, Reno, Kingman, and Harvey. The organization is recognized for its commitment to serving all persons, with special attention to those who are poor and vulnerable. CAL is part of the Ascension Catholic Health Ministry, dedicated to spiritually-centered, holistic care that sustains and improves the health of individuals and communities. In the ongoing challenges of the COVID-19 global pandemic, the filing organization served in support of Ascension's commitment to care for patients and communities and support caregivers and other associates.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Cornerstone Assisted Living Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health with a score of 81%. This score is based entirely on its Accountability & Finance, reflecting the organization’s commitment to transparency and responsible management of funds.
The nonprofit showcases a strong governance structure, with 60% of its board members being independent. It also scored full points in several categories, such as financial oversight, conflict of interest policy, and document retention practices. Additionally, a significant portion of its expenses is directed towards programs, which is a positive indicator of its operational efficiency.
However, while the organization demonstrates solid financial practices, potential donors and supporters should consider that the rating focuses solely on financial accountability. Other aspects of program effectiveness and impact are not assessed in this rating, which may be relevant for a comprehensive understanding of the nonprofit's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Assisted Living Inc legitimate?
Cornerstone Assisted Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Assisted Living 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: $4,978,863
For more financial information, click here
Official website here: www.see schedule o
What is the mission statement of Cornerstone Assisted Living Inc?
Rooted in the compassionate ministry of Jesus as a healer, Cornerstone Assisted Living Inc is committed to serving all individuals, with a special focus on those who are economically disadvantaged and vulnerable. Their mission is grounded in spiritually-centered, holistic care, aimed at sustaining and enhancing the health of individuals and communities. This mission extends beyond their residents, with Cornerstone Assisted Living Inc advocating for a more compassionate and just society through their actions and words. They prioritize the wellbeing of their residents, providing a quality living environment that supports their general health.
Official website here: www.see schedule o
Who is the CEO of Cornerstone Assisted Living Inc?
Unavailable The CEO's salary of Cornerstone Assisted Living Inc is $0 and their total compensation is $783,239.
Official website here: www.see schedule o
What is the revenue of Cornerstone Assisted Living Inc?
Cornerstone Assisted Living Inc's revenue in 2022 was $12,656,172.
Official website here: www.see schedule o
Who are the executives of Cornerstone Assisted Living Inc and what are their salaries?
The average compensation at Cornerstone Assisted Living Inc during 2022 was $20,659. There are 241 employees and 7 volunteers at Cornerstone Assisted Living Inc.
Here are 9 key members and their salaries (Cornerstone Assisted Living Inc's CEO's salary is $0 and their total compensation is $783,239):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $406,130
- Other: $41,425
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $401,516
- Other: $44,249
- Compensation: $0
- Related: $740,692
- Other: $42,547
- Compensation: $0
- Related: $429,009
- Other: $40,484
- Compensation: $107,283
- Related: $0
- Other: $25,527
- Compensation: $0
- Related: $250,212
- Other: $0
Official website here: www.see schedule o
Where can I find the form 990 for Cornerstone Assisted Living Inc?
Cornerstone Assisted Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Cornerstone Assisted Living Inc
Cornerstone Assisted Living Inc, rooted in the loving ministry of Jesus as Healer, is dedicated to serving all persons, with special attention to those who are poor and vulnerable. This Catholic health ministry is committed to providing spiritually-centered, holistic care that sustains and improves the health of individuals and communities. The organization advocates for a compassionate and just society through their actions and words.
At the heart of Cornerstone Assisted Living Inc's mission is the provision of quality residential retirement living that promotes the general health of their residents. Their care is grounded in the values of compassion, respect, and dignity, ensuring that every individual receives the care they deserve. The organization's commitment to serving the poor and vulnerable is not just a statement, but a lived reality, as they strive to make a positive impact on the lives of those they serve.
Cornerstone Assisted Living Inc's approach to care is holistic, addressing not just the physical needs of their residents, but also their emotional, social, and spiritual well-being. This commitment to comprehensive care is an integral part of their Catholic health ministry, which seeks to address the whole person and improve the health of both individuals and communities. Through their advocacy efforts, they aim to create a society where compassion and justice are prioritized, ensuring that all members of the community have access to the care and support they need to thrive.
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Impact
October, 2024
Cornerstone Assisted Living Inc significantly enhances the quality of life for seniors by providing residential retirement living that prioritizes their general health and well-being. The organization is dedicated to maximizing the dignity and independence of its residents, which is central to its mission inspired by the healing ministry of the Catholic Church.
Located in St. Louis, Cornerstone operates two campuses, offering a range of services including assisted living, memory care, and skilled nursing. The Ridge Campus features facilities for both skilled nursing and assisted living, while the Broadmoor Campus specializes in memory care. With a commitment to adopting best practices, Cornerstone continuously improves the care experience for its residents and participants, ensuring they receive the support they need.
In FY2022, Cornerstone played a vital role in serving individuals across various counties, including Sedgwick, Reno, Kingman, and Harvey. Notably, the organization provided extensive care for Medicaid and Medicare recipients, addressing the needs of those who might otherwise struggle to access essential services. Despite facing financial challenges, particularly with Medicaid reimbursement rates falling short of operational costs, Cornerstone remained steadfast in its mission, providing over $11,000 worth of care to those in need.
The holistic approach to care encompasses not only physical health but also spiritual and emotional support, aligning with the organization’s Catholic faith-based values. By focusing on compassionate and just service, Cornerstone Assisted Living Inc contributes significantly to the well-being of the elderly, promoting a healthier, more caring community.
This information is meant to be a general summary of Cornerstone Assisted Living 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: -$369,852
- Program Service Revenue: $12,463,692
- Gross Receipts: $12,286,279
Assets and Liabilities:
- Total Assets: $17,469,508
- Total Liabilities: $15,888,428
- Net Assets: $1,581,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SKILLED NURSING REVENUE
Revenue
$7,385,100
ASSISTED LIVING REVENUE
Revenue
$3,287,829
MEMORY CARE
Revenue
$1,790,043
Organization Details
Founding Year
2001
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, ST LOUIS, MO, 631455998
Website
www.see schedule oNTEE Category
Code: P750 - Human services
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