Overview
What is The Cornerstone Of Beaver County?
The Cornerstone of Beaver County is a nonprofit organization situated in Beaver Falls, Pennsylvania, specifically at 600 6th Street. Their primary mission is to tackle homelessness within the local community, aiming to prevent and ultimately eradicate it. They accomplish this goal by coordinating and harnessing various housing resources available locally. To provide temporary assistance, they offer short-term housing solutions such as apartments and hotel stays. With a workforce of 15 dedicated individuals, The Cornerstone of Beaver County plays a crucial role in supporting those in need, contributing to a more stable and secure community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Cornerstone Of Beaver County has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The charity’s overall score is derived solely from its accountability and finance metrics, with a score of 90%. This high rating indicates that the organization is well-managed, transparent, and committed to responsible financial practices.
One of the charity's notable strengths is its governance structure, with a board composed entirely of independent members, which enhances its oversight capabilities. Additionally, the organization demonstrates excellent financial health, evidenced by a low liabilities to assets ratio of 5.61% and a high program expense ratio of 95.91%. These metrics suggest that a significant portion of its funds is directed towards its mission-driven programs rather than administrative costs.
While the data reflect a solid operational framework, it is essential to note that the evaluation is based exclusively on financial metrics and may not encompass other aspects of organizational performance. Nonetheless, the Cornerstone Of Beaver County appears to be a financially sound nonprofit with a strong commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is The Cornerstone Of Beaver County legitimate?
The Cornerstone Of Beaver County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cornerstone Of Beaver County 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: $141,913
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Cornerstone Of Beaver County?
The mission of The Cornerstone Of Beaver County, as a community organization, is centered around coordinating local housing resources with the aim to prevent and ultimately eradicate homelessness. By providing alternative shelters, they offer temporary housing solutions such as short-term apartments and hotel stays for individuals in need, contributing to their overall objective of addressing homelessness at a local level.
Who is the CEO of The Cornerstone Of Beaver County?
Marie Timpano is the Executive Director of The Cornerstone Of Beaver County.
What is the revenue of The Cornerstone Of Beaver County?
The Cornerstone Of Beaver County's revenue in 2023 was $1,874,817.
Who are the executives of The Cornerstone Of Beaver County and what are their salaries?
The average compensation at The Cornerstone Of Beaver County during 2023 was $9,461. There are 15 employees and 14 volunteers at The Cornerstone Of Beaver County.
Here are 14 key members and their salaries:
- Compensation: $76,668
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- Compensation: $65,245
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Where can I find the form 990 for The Cornerstone Of Beaver County?
The Cornerstone Of Beaver County's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Cornerstone Of Beaver County
The Cornerstone of Beaver County is a devoted organization with a mission to coordinate local housing resources, aiming to prevent and ultimately eradicate homelessness within the community. This mission is carried out by providing alternative shelter solutions, including temporary housing options such as short-term apartments and hotel stays, for individuals in need who are currently homeless. By coordinating these resources, The Cornerstone of Beaver County seeks to offer a pathway out of homelessness, providing a much-needed safety net for those who are struggling.
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Impact
July, 2024
The Cornerstone Of Beaver County's impact lies in its coordination of local housing resources to prevent and end homelessness in Beaver Falls, PA. By providing alternative shelters that offer temporary housing options such as short-term apartments and hotel stays for homeless individuals, this organization plays a crucial role in addressing housing insecurity and supporting those in need. Through its mission to coordinate these resources effectively, The Cornerstone Of Beaver County aims to make a significant difference in addressing homelessness and improving the lives of individuals in the community.
This information is meant to be a general summary of The Cornerstone Of Beaver County. 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 2023.
- Investment Income: $238
- Gross Receipts: $1,874,817
Assets and Liabilities:
- Total Assets: $1,724,176
- Total Liabilities: $96,811
- Net Assets: $1,627,365
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Organization Details
Founding Year
2016
Phone
(724) 846-6400Principal Officer
Marie Timpano
Main Address
600 6th Street, Beaver Falls, PA, 15010
NTEE Category
Code: P20 - Human services
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