Cornerstone Restoration is located in Spring, TX. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Cornerstone Restoration employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cornerstone Restoration is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SPECIFIC PURPOSE OF THIS CORPORATION SHALL BE TO CONSTRUCT OR REPAIR HOMES, SCHOOLS AND PLACES OF WORSHIP FOR THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION GATHERS VOLUNTEERS AND CONNECTS THEM WITH THOSE GOD EXHORTS US TO CARE FOR: THE ORPHAN, THE WIDOW, THE OPPRESSED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Paul Rudzitis Executive Director | Trustee | 40 | $40,000 |
Ellery Buchanan Board Chair | OfficerTrustee | 5 | $0 |
Clay Sandoz Director | Trustee | 5 | $0 |
Thomas Morelli Director | Trustee | 10 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $306,816 |
Noncash contributions included in lines 1a–1f | $176 |
Total Revenue from Contributions, Gifts, Grants & Similar | $306,816 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,126 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $311,942 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $40,000 |
Compensation of current officers, directors, key employees. | $8,000 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $49,516 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $6,848 |
Fees for services: Management | $13,750 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $175 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $6,828 |
Advertising and promotion | $11,389 |
Office expenses | $34,586 |
Information technology | $1,711 |
Royalties | $0 |
Occupancy | $0 |
Travel | $286 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,000 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $665 |
All other expenses | $0 |
Total functional expenses | $166,754 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $107,758 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $37,621 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $145,379 |
Accounts payable and accrued expenses | $191 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $191 |
Net assets without donor restrictions | $145,188 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $145,379 |
Over the last fiscal year, we have identified 3 grants that Cornerstone Restoration has recieved totaling $31,500.
Awarding Organization | Amount |
---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $16,500 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Rightspace Storage Foundation Dana Point, CA PURPOSE: COMMUNITY DEVELOPMENT VIA VOLUNTEER CONSTRUCTION PROJECTS | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |