Cornerstone Housing CorporationCO Enterprise Community Partners Inc

Address
11000 Broken Land Parkway
Columbia, MD 21044
Contact
Phone: +1 (410) 964-1230
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 52-1742293

Mission

To support related entities which provide
 20162014201320122011
Basic features of the organization
Year of formation1991
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area8872
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel $0.00   
Sum of reportable (W2/1099) compensation $0.00   
Number of employees00   
Number of people compensated >$100k 0   
Number of volunteers0    
Number of highly compensated contractors 0   
Personnel
Frey, William
TitlePresidentPRESIDENT   
Name of key/compensated personWILLIAM FREYWILLIAM FREY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officerTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$21,577.00$32,412.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $207,252.00$244,082.00   
Average hours per week working for related orgs 39.0   
Martin, Timothy
TitleDirectorDIRECTOR   
Name of key/compensated personTIMOTHY MARTINTIMOTHY MARTIN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Current officer True   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00   
McNeely, Michael
Title CHAIRMAN & TREASURER   
Name of key/compensated person MICHAEL MCNEELY   
Position of compensated person
Current individual trustee or director True   
Current officer True   
Average hours per week working for org 1.0   
Other comp, non-reportable, from org and related orgs $19,890.00   
Corresponding comp from related orgs
Reportable compensation from related orgs  $324,340.00   
Average hours per week working for related orgs 39.0   
Thomas, Faith
TitleSecretarySECRETARY   
Name of key/compensated personFAITH THOMASFAITH THOMAS   
Position of compensated person
Current officerTrueTrue   
Average hours per week working for org1.001.0   
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$37,686.00$34,023.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $286,482.00$263,972.00   
Average hours per week working for related orgs 39.0   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTo support related entities which provide low-income housing.TO SUPPORT RELATED ENTITIES WHICH PROVIDE LOW-INCOME HOUSING. LOW-INCOME HOUSING.   
Program service expenses, total$101,763.00$62,742.00   
Programs, including revenue & expenses
FINAL PROPERTY DISPOSED OF IN 2016 AND ORGANIZATION WAS DISSOLVED.
Program expenses$101,763.00    
Grants and allocations made$117,026.00    
Program descriptionFINAL PROPERTY DISPOSED OF IN 2016 AND ORGANIZATION WAS DISSOLVED.    
SPECIFIC SOCIAL SERVICE PROGRAMS AT THE PROPERTIES INCLUDE: - A TRANSITIONAL HOUSING PROGRAM FOR SINGLE MOTHERS; - ENGLISH AS A SECOND LANGUAGE COURSES; - ADULT GRADUATE EQUIVALENCY DIPLOMA(GED) PROGRAM; - A SUMMER CAMP PROGRAM WITH MEALS PROVIDED BY THE MEALS ON WHEELS PROGRAM. INVESTMENT IN PENNSYLVANIA PLACE APARTMENTS LP WHICH OWNS A 152-UNIT LOW INCOME HOUSING PROJECT. INVESTMENT IN JOINT CORNERSTONE VENTURE WITH THE SHELTER FOUNDATION, WITH THE ASSISTANCE OF THE MARYLAND CDA IN JUNE 1993. THIS IS A SECTION 8 (LOW INCOME) ELDERLY FACILITY OFFERING MEAlS AND OTHER SERVICES FOR THE RESIDENTS. DETAILS ON CORNERSTONE PROPERTIES ARE AS FOLLOW: - PENNSYLVANIA PLACE APARTMENTS LIMITED PARTNERSHIP OWNS A 152-UNIT LOW INCOME HOUSING PROJECT. - LAKEVIEW - THIS 151-UNIT PROPERTY IN BETHESDA, MARYLAND, WAS PURCHASED FROM A PRIVATE SELLER, BY A JOINT VENTURE OF CORNERSTONE AND THE SHELTER FOUNDATION, WITH THE ASSISTANCE OF THE MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION(CDA) IN JUNE 1993. THIS IS A 100% SECTION 8(LOW-INCOME) ELDERLY FACILITY OFFERING MEAlS AND OTHER SERVICES FOR THE RESIDENTS.
Program expenses $62,742.00   
Program description SPECIFIC SOCIAL SERVICE PROGRAMS AT THE PROPERTIES INCLUDE: - A TRANSITIONAL HOUSING PROGRAM FOR SINGLE MOTHERS; - ENGLISH AS A SECOND LANGUAGE COURSES; - ADULT GRADUATE EQUIVALENCY DIPLOMA(GED) PROGRAM; - A SUMMER CAMP PROGRAM WITH MEALS PROVIDED BY THE MEALS ON WHEELS PROGRAM. INVESTMENT IN PENNSYLVANIA PLACE APARTMENTS LP WHICH OWNS A 152-UNIT LOW INCOME HOUSING PROJECT. INVESTMENT IN JOINT CORNERSTONE VENTURE WITH THE SHELTER FOUNDATION, WITH THE ASSISTANCE OF THE MARYLAND CDA IN JUNE 1993. THIS IS A SECTION 8 (LOW INCOME) ELDERLY FACILITY OFFERING MEAlS AND OTHER SERVICES FOR THE RESIDENTS. DETAILS ON CORNERSTONE PROPERTIES ARE AS FOLLOW: - PENNSYLVANIA PLACE APARTMENTS LIMITED PARTNERSHIP OWNS A 152-UNIT LOW INCOME HOUSING PROJECT. - LAKEVIEW - THIS 151-UNIT PROPERTY IN BETHESDA, MARYLAND, WAS PURCHASED FROM A PRIVATE SELLER, BY A JOINT VENTURE OF CORNERSTONE AND THE SHELTER FOUNDATION, WITH THE ASSISTANCE OF THE MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION(CDA) IN JUNE 1993. THIS IS A 100% SECTION 8(LOW-INCOME) ELDERLY FACILITY OFFERING MEAlS AND OTHER SERVICES FOR THE RESIDENTS.   
Financial data
Revenue
Total revenue$117,026.00$752,882.00   
Revenue from contributions (total)$115,380.00$0.00  $0.00
Investment income, current yr$0.00$0.00   
Total revenue from grants, etc., current yr$115,380.00$0.00   
Other revenue, current yr$1,646.00$0.00   
Program service revenue (total) $752,882.00  $174,464.00
Sources of contributions
Contributions from related organizations$115,380.00    
Other types of revenue
Royalties (total) $0.00   
Miscellaneous revenue (total)$1,646.00$0.00   
Net revenue from gaming (total) $0.00   
Investment income $0.00   
Net rental income $0.00  $0.00
Net income from fundraising events $0.00   
Net inventory sales (total) $0.00   
Expense categories (totals)
Total functional expenses: sum of all$101,763.00$69,311.00   
Total functional expenses: program service $101,763.00$62,742.00   
Total functional expenses: management and general$0.00$6,569.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Lobbying fees (total) $0.00   
Legal fees (total) $0.00   
Fundraising service fees (total)$0.00$0.00   
General management fees (total) $60,150.00   
Investment management fees (total) $0.00   
Assets and liabilities
Total assets$0.00$3,635,724.00  $2,845,383.00
Total assets, beginning of year$4,098,394.00$2,954,783.00   
Total liabilities$0.00$0.00  $3,451.00
Total liabilities, beginning of year$11,905.00$2,630.00   
Pledges & accounts receivable, net $0.00   
Loans & receivables from key persons $0.00   
Unrestricted net assets, end of yr $3,635,724.00   
Temporarily restricted net assets $0.00   
Permanently restricted net assets, end of yr $0.00   
Net assets$0.00$3,635,724.00   
Net assets, beginning of year$4,086,489.00$2,952,153.00   
Other liabilities $0.00   
Bond liabilities $0.00   
Intangible assets $0.00   
Other assets $0.00   
Investments: other securities $0.00   
Investments: publicly traded securities $0.00   
Cash: non-interest bearing $1,649,078.00   
Cash: non-interest bearing, beginning of year$2,946,091.00$900,665.00   
Investments -- program-related $833,350.00   
Escrow or custodial account liability $0.00   
Loans and other payables to key persons $0.00   
Grants payable $0.00   
Inventories for sale or use $0.00   
Other financial variables
Revenue less expenses$15,263.00$683,571.00   
Advertising (total) $0.00   
Savings & temp cash investment $0.00   
Accounts receivable, net $1,153,296.00   
Prepaid expenses & deferred charges $0.00   
Accounts payable & accrued expenses $0.00   
Deferred revenue $0.00   
Unsecured notes & loans to unrelated parties $0.00   
Secured mortgages and notes payable $0.00   
Total net assets or fund balances$0.00$3,635,724.00   
Depreciation, depletion, amortization $0.00   
Payment to affiliates $0.00   
Governance and accountability
Number of voting members33   
Number of independent voting members11   
Financial sheets were auditedTrueTrue   
Audit on consolidated basisTrueTrue   
Accrual accountingTrueTrue   
Tax year start date2016-01-012014-01-01   
Tax year end date2016-12-012014-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
Reason for form submission
Final return / terminatedTrue    
IRS schema version2016v3.02014v5.0   
Filing identifier201743199349302639201512189349301006   
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