Overview
What is Cornerstones Inc?
Cornerstones Inc, based in Reston, Virginia, is a leading human services provider and community advocate. Founded in 1970, the organization champions stability, empowerment, and hope for individuals and families in need through support, advocacy, and community-building. Cornerstones' mission is to mitigate the economic and educational factors that put families and the Dulles Corridor region at risk. With a team of 237 employees, they offer essential services like safety net support, eviction prevention, food security assistance, and emergency shelter. As a first responder for regional crises, Cornerstones collaborates with local, state, and national jurisdictions and policymakers to advocate for systems change and promote affordable housing, economic security, and racial and social equity.
Official website here: www.cornerstonesva.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100% (Four-Star out of Four Star rating)
Cornerstones Inc has achieved a perfect score across all assessment categories, indicating exceptional performance in accountability, finance, impact measurement, leadership, and community engagement. This high rating reflects their commitment to transparency and responsible management, with 100% of their board members being independent, which enhances their governance structure.
The organization demonstrates strong financial health, evidenced by a program expense ratio of 84.85%, indicating that a significant portion of their funds is directed towards their programs. Furthermore, their robust feedback collection and usage mechanisms ensure that they continuously assess and adapt their strategies based on stakeholder input, which is vital for effective impact.
Overall, Cornerstones Inc exemplifies best practices in nonprofit management and operations, having established a comprehensive framework for accountability and community involvement. The lack of noted deficiencies in their practices underlines their strong reputation and effectiveness in delivering on their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstones Inc legitimate?
Cornerstones Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstones 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: $302,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,763,215
For more financial information, click here
Official website here: www.cornerstonesva.org
What is the mission statement of Cornerstones Inc?
Cornerstones Inc is dedicated to strengthening families and communities by promoting stability, empowerment, and hope. Through support, advocacy, and community-building, they help individuals and families in need. Their mission encompasses values such as justice, equity, diversity, and inclusion. Cornerstones' services provide vital assistance to vulnerable neighbors, offering emergency shelter, financial assistance, and other essential support. In times of crisis, they offer swift triage, providing families with housing, food, and other necessities. They advocate for systems change, focusing on areas like affordable housing, economic security, and advancing equity. Their work impacts thousands of families, individuals, and children annually.
Official website here: www.cornerstonesva.org
Who is the CEO of Cornerstones Inc?
Kerrie B Wilson is the Chair of Cornerstones Inc. The CEO's salary of Cornerstones Inc is $178,310 and their total compensation is $187,611.
Official website here: www.cornerstonesva.org
What is the revenue of Cornerstones Inc?
Cornerstones Inc's revenue in 2022 was $18,767,250.
Official website here: www.cornerstonesva.org
Who are the executives of Cornerstones Inc and what are their salaries?
The average compensation at Cornerstones Inc during 2022 was $29,813. There are 237 employees and 1853 volunteers at Cornerstones Inc.
Here are 32 key members and their salaries (Cornerstones Inc's CEO's salary is $178,310 and their total compensation is $187,611):
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- Compensation: $178,310
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Official website here: www.cornerstonesva.org
Where can I find the form 990 for Cornerstones Inc?
Cornerstones Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cornerstonesva.org
Learn more at the official website: www.cornerstonesva.org
Mission Statement of Cornerstones Inc
Cornerstones Inc, a leading human services provider and community advocate in Northern Virginia, is dedicated to building opportunity and strengthening families and communities. With a mission that champions justice, equity, diversity, and inclusion, this organization has been a vital safety net for individuals and families in need since its founding in 1970.
Through its services, Cornerstones aims to promote stability, empowerment, and hope for vulnerable neighbors in times of crisis by offering swift triage and vital support. Whether it be emergency shelter, financial assistance, or essential safety-net services, Cornerstones has been at the forefront of helping families deeply impacted by homelessness, food insecurity, and increased economic instability caused by the pandemic.
The organization's values extend beyond direct service provision. Cornerstones is a respected advisor to local, state, and national jurisdictions and policymakers, advocating for systemic change to undo racial and social inequity. Their advocacy initiatives include building and preserving affordable housing, investing in connected and resilient children, youth, and families, creating good jobs and economic security, and advancing systems change to address racial and social injustice. By serving as a first responder for regional crises and working towards long-term systemic change, Cornerstones plays a critical role in improving the lives of thousands of families, individuals, and children annually.
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Impact
October, 2024
Cornerstones Inc has a profound and multifaceted impact on families and communities in Northern Virginia, particularly in the Dulles Corridor region. By promoting stability, empowerment, and hope, they provide essential support to individuals and families facing economic challenges, food insecurity, and the threat of homelessness. Their services are crucial for thousands each year, addressing urgent needs through emergency shelter, food distribution, and financial assistance to prevent eviction.
A cornerstone of their work involves creating safety nets that not only provide immediate relief but also advocate for systemic changes. Cornerstones actively collaborates with local, state, and national policymakers to address social and racial inequities in housing, employment, and youth development. This dual approach—direct service combined with systemic advocacy—ensures that they are not only addressing today's crises but also working toward long-term solutions that promote justice, equity, and community resilience.
During fiscal year 2022, their impact was particularly notable, as they adapted their services to respond to the challenges posed by the COVID-19 pandemic. With a focus on eviction prevention, Cornerstones helped mitigate homelessness by expanding affordable housing initiatives and assisting families at risk. Their food assistance programs also rose to meet the escalating demand, providing thousands of meals and grocery bags to families in need, while their new Family Resource Empowerment Enterprise (FREE) from Hunger Center aims to streamline food distribution and alleviate food insecurity in the community.
Furthermore, their emergency shelter and rapid re-housing programs exemplify their commitment to providing immediate support and facilitating permanent housing solutions for those experiencing homelessness. By acting as a community anchor and a first responder during crises, Cornerstones harnesses community strengths and fosters collaboration among local organizations, businesses, and residents to create impactful solutions that strengthen the fabric of society.
In essence, Cornerstones Inc not only alleviates immediate hardships but also empowers individuals and families toward sustainable success, thereby enhancing the overall resilience and vitality of the Northern Virginia community.
This information is meant to be a general summary of Cornerstones 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: $25,047
- Program Service Revenue: $2,017,118
- Gross Receipts: $19,061,998
Assets and Liabilities:
- Total Assets: $7,371,371
- Total Liabilities: $1,778,695
- Net Assets: $5,592,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION - DAY CARE CENTER
Revenue
$1,357,018
MANAGEMENT FEE
Revenue
$411,420
SUBCONTRACTOR
Revenue
$248,680
Organization Details
Founding Year
1970
Phone
(571) 323-9555Principal Officer
Kerrie B Wilson
Main Address
11150 SUNSET HILLS RD STE 210, RESTON, VA, 20190
Website
www.cornerstonesva.orgNTEE Category
Code: P200 - Human services
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