Overview

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Est.

1970

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

Cornerstones Housing Corporation, a nonprofit organization based in Virginia, is dedicated to providing affordable housing for low- to moderate-income residents in the Fairfax-Falls Church community. With an operating budget of $1.3 million and total revenue of $1.4 million for the filing year 2024, the organization focuses on constructing and acquiring housing units, managing its housing portfolio, and advocating for supportive policies. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base for its mission. For more information, visit www.cornerstonesva.org/housing.

Mission Statement

TO PROVIDE AFFORDABLE HOUSING FOR LOW- TO MODERATE-INCOME RESIDENTS BY CONSTRUCTING AND/OR ACQUIRING HOUSING UNITS, MANAGING THE HOUSING PORTFOLIO, AND ADVOCATING FOR PROGRAMS AND POLICIES THAT SUPPORT THE PRESERVATION, DEVELOPMENT, AND INTEGRATION OF AFFORDABLE HOUSING FOR AN INCLUSIVE AND EQUITABLE FAIRFAX-FALLS CHURCH COMMUNITY.
Revenues
$1.4M
Expenses
$1.3M
Net Income:
+$40K
Assets
$9.4M
Liabilities
$8.6M
Net Assets:
+$818.5K
Operating Budget
$1.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$300K
Largest grant received
$300K
E
Esther B Johnson
Board Member
K
Kerrie B Wilson
Board Member
R
Robert Goudie
Board Member

Frequently Asked Questions

What is CORNERSTONES HOUSING CORPORATION’s budget?
In 2024, CORNERSTONES HOUSING CORPORATION reported an annual operating budget of around $1.3 million. More detailed financial information is available to registered users.
What causes does CORNERSTONES HOUSING CORPORATION support?
CORNERSTONES HOUSING CORPORATION supports work in Housing services and Housing development.
Where does CORNERSTONES HOUSING CORPORATION operate?
CORNERSTONES HOUSING CORPORATION is headquartered in Reston, VA.
Who funded CORNERSTONES HOUSING CORPORATION recently?
In 2023, CORNERSTONES HOUSING CORPORATION received grants from CORPORATION FOR SUPPORTIVE HOUSING and Housing Trust Fund of Northern Virginia (dba Homeaid Northern Virginia). More information on this organization’s funders is available to registered users.
What is the largest grant CORNERSTONES HOUSING CORPORATION received in 2023?
The largest grant to CORNERSTONES HOUSING CORPORATION in 2023 exceeds $300 thousand.