Overview
What is Cornerstone Village Inc?
Cornerstone Village Inc, a Texas-based nonprofit organization, was established to provide housing solutions for low-income elderly individuals. Specifically, it operates the Northvale Village, a 71-unit community situated in Houston, Texas. The corporation receives financial assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, enabling it to offer affordable housing options to its target demographic. The mission of Cornerstone Village Inc is to enhance the living conditions and quality of life for its elderly residents, thereby contributing positively to their well-being.
Official website here: www.rhf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Cornerstone Village Inc has achieved a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived entirely from its Accountability & Finance metrics, indicating a strong emphasis on financial integrity and governance. The charity demonstrates excellent practices, including 100% independent board members, ensuring unbiased oversight.
The organization excels in various areas of financial accountability, scoring full points in aspects such as material diversion of assets and the presence of essential governance policies. It maintains a high program expense ratio of 91.46%, indicating a significant portion of its resources directly supports its charitable activities. These strengths suggest effective use of funds and a commitment to transparency.
However, while the overall financial accountability is commendable, the data does not provide insights into the organization's programmatic impact or effectiveness. Understanding the direct outcomes of its programs could further enhance its reputation and attract donor support.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Village Inc legitimate?
Cornerstone Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Village 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 Village Inc?
Cornerstone Village Inc, as a not-for-profit organization, was established with the primary goal of providing housing for low-income elderly individuals. It operates a 71-unit community known as Northvale Village in Houston, Texas. The corporation receives project rental assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The mission of Cornerstone Village Inc can be summarized as providing a shelter and supportive environment for the elderly, ensuring they have access to affordable housing. The organization's activities are centered around fulfilling this mission, providing a home and essential living facilities for this vulnerable group.
Official website here: www.rhf.org
Who is the CEO of Cornerstone Village Inc?
Hartman Stuart J is the CEO of Cornerstone Village Inc The CEO's salary of Cornerstone Village Inc is $0 and their total compensation is $685,724.
Official website here: www.rhf.org
What is the revenue of Cornerstone Village Inc?
Cornerstone Village Inc's revenue in 2024 was $567,068.
Official website here: www.rhf.org
Who are the executives of Cornerstone Village Inc and what are their salaries?
Here are 35 key members and their salaries (Cornerstone Village 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 Village Inc?
Cornerstone Village 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 Village Inc
Cornerstone Village Inc, a not-for-profit organization, was established in compliance with the state of Texas's not-for-profit statutes. Its primary mission is to manage and operate a residential community known as Northvale Village, which is situated in Houston, Texas. This community serves as a home for low-income elderly individuals, providing them with a secure living environment. Cornerstone Village Inc receives financial assistance in the form of Project Rental Assistance from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, which has been amended. The organization's mission is to ensure that elderly individuals with limited income have access to comfortable and affordable housing.
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Impact
July, 2024
Cornerstone Village Inc makes a significant impact by providing housing for low-income elderly persons through its 71-unit community known as Northvale Village in Houston, Texas. This initiative helps address the critical need for affordable housing for senior citizens, ensuring they have a safe and comfortable living environment. Additionally, by receiving project rental assistance from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act, Cornerstone Village Inc is able to further support this vulnerable population. Overall, their work contributes to enhancing the quality of life for low-income elderly individuals in the community.
This information is meant to be a general summary of Cornerstone Village 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: $11,627
- Program Service Revenue: $217,744
- Gross Receipts: $567,068
Assets and Liabilities:
- Total Assets: $3,296,220
- Total Liabilities: $4,913,768
- Net Assets: -$1,617,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$217,744
Organization Details
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