2023-10-20T15:41:45-05:00 2022-12-31 381357951 PLANTE & MORAN PLLC 750 TRADE CENTRE WAY STE 300 PORTAGE MI 49002 990 2022-01-01 382772476 CORNERSTONE ALLIANCE CORN 2699256100 80 W MAIN ST BENTON HARBOR MI 49022 ROB CLEVELAND PRESIDENT 2699256100 2023-10-17 1 ROB CLEVELAND 999009999 1 TINA PETERS P00904574 2695674500 2023-10-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROB CLEVELAND 80 W MAIN ST BENTON HARBOR MI 49022 3226346 0 X CSTONEALLIANCE.ORG X 1988 MI SEE SCHEDULE O 23 23 12 20 0 0 1658093 2959369 215002 252882 7510 -18080 27680 0 1908285 3194171 0 0 0 0 968762 1149449 0 0 196659 1187301 2388375 2156063 3537824 -247778 -343653 8712040 8999885 2098636 2947317 6613404 6052568 X SEE SCHEDULE O 0 0 2639269 252882 CORNERSTONE ALLIANCE IS AN ECONOMIC DEVELOPMENT ORGANIZATION (EDO) ENGAGED IN ACTIVITIES TO IMPROVE THE ECONOMIC PERFORMANCE OF MICHIGAN'S GREAT SOUTHWEST. THE 2022-2024 STRATEGIC PLAN IS FOCUSED ON FOUR INITIATIVES: ECONOMIC GROWTH, PHYSICAL DEVELOPMENT, COMMUNITY LEADERSHIP AND ORGANIZATIONAL DEVELOPMENT. 2639269 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 24 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 MI X STEPHANIE HERSHBERGER 2699830131 526 UPTON DRIVE ST JOSEPH MI 49085 JOHN JANICK CHAIR 1.00 0.00 X X 0 0 0 MICHAEL TODMAN VICE CHAIR 1.00 0.00 X X 0 0 0 BRYAN VON DORPOWSKI TREASURER 1.00 0.00 X X 0 0 0 CHRISTOPHER COOK DIRECTOR 1.00 0.00 X 0 0 0 GLORIA ENDER DIRECTOR 1.00 0.00 X 0 0 0 SCOTT GEIK DIRECTOR 1.00 0.00 X 0 0 0 SHELLEY KLUG DIRECTOR 1.00 0.00 X 0 0 0 TIM MARTIN DIRECTOR 1.00 0.00 X 0 0 0 SCOTT MCFARLAND DIRECTOR 1.00 0.00 X 0 0 0 NORMA TIRADO-KELLENBERGER DIRECTOR 1.00 0.00 X 0 0 0 RICK VILLA DIRECTOR 1.00 0.00 X 0 0 0 KEN WHAH DIRECTOR 1.00 0.00 X 0 0 0 PAM KLYN DIRECTOR 1.00 0.00 X 0 0 0 NATALIE BAGGIO DIRECTOR 1.00 0.00 X 0 0 0 TIM DREWS DIRECTOR 1.00 0.00 X 0 0 0 TIM DYER DIRECTOR 1.00 0.00 X 0 0 0 LAURA GOOS DIRECTOR 1.00 0.00 X 0 0 0 VAIL HARDING DIRECTOR 1.00 0.00 X 0 0 0 JULIO MARTINEZ DIRECTOR 1.00 0.00 X 0 0 0 TODD OBREN DIRECTOR 1.00 0.00 X 0 0 0 JON WERME DIRECTOR 1.00 0.00 X 0 0 0 BRIAN DISSETTE DIRECTOR 1.00 0.00 X 0 0 0 GEORGE SALEEBY DIRECTOR 1.00 0.00 X 0 0 0 JOEL GEBBIE DIRECTOR - PART YEAR 1.00 0.00 X X 0 0 0 BILL HANLEY DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 JEFF NOEL DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 TERRY O'ROURKE DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 MARK GAREY DIRECTOR - PART YEAR 1.00 0.00 X 0 0 0 ROBERT CLEVELAND PRESIDENT/CEO 40.00 10.00 X 262776 0 12849 CHRISTINA FRANK VP OF EXTRNAL AFFAIRS 40.00 10.00 X 128083 0 2782 390859 0 15631 2 0 1 0 0 489326 2470043 2959369 PROGRAM RENTAL INCOME 532000 122340 122340 OTHER PROGRAM INCOME 900099 62190 62190 PARTNERSHIP INCOME 900099 41144 41144 REIMBURSEMENTS FOR PRO 900099 27208 27208 252882 14095 14095 32175 -32175 -32175 -32175 3194171 252882 0 -18080 X 406491 220500 53736 132255 568060 446773 118293 2994 26706 18286 4714 3706 79660 54543 14062 11055 68532 46924 12097 9511 47087 22107 24980 150835 19972 130863 1553450 1394205 159245 132585 132585 20034 7208 12826 69996 812 69184 169570 116104 29933 23533 38537 26372 12165 76904 57843 19061 67968 46537 11998 9433 30063 20584 5307 4172 DUES & MEMBERSHIPS 19306 6182 13124 MISCELLANEOUS 12004 1732 10272 BAD DEBT EXPENSE 36 36 3537824 2639269 701896 196659 27100 398 3077895 4040156 944250 657310 176579 139341 76452 41977 135454 21802 3935941 793317 3100850 3142624 1173460 956277 8712040 8999885 84471 123621 31375 2060514 692913 692913 1289877 70269 2098636 2947317 X 5572869 5206233 1040535 846335 6613404 6052568 8712040 8999885 X -343653 -217183 X X 0 1 X 1 0 X 2520963 2143220 1614136 1658093 2959369 10895781 2520963 2143220 1614136 1658093 2959369 10895781 5595858 5299923 6088 17455 21309 12229 14095 71176 10966957 2095054 0.48330 0.50890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1255313 1255313 2431269 706307 1724962 85529 84279 1250 163830 2731 161099 3142624 BENEFICIAL INTEREST IN ASSETS HELD BY BERRIEN COMMUNITY FOUNDATION 956277 956277 DUE TO RENAISSANCE DEVELOPMENT FUND 69915 DUE TO C4CD 354 70269 3071944 94956 -217183 -122227 3194171 0 3194171 3632780 94956 94956 3537824 0 3537824 PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN BERRIEN COMMUNITY FOUNDATION -217,183. X X X 0 0 0 0 0 0 0 0 0 ROBERT CLEVELAND PRESIDENT/CEO 262776 0 0 0 0 0 0 0 12849 0 275625 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CORNERSTONE ALLIANCE IS ENGAGED IN ACTIVITIES THAT ENCOURAGE, PROMOTE AND SUPPORT THE ECONOMIC VIBRANCY PRIMARILY IN THE CITIES OF BENTON HARBOR AND ST. JOSEPH, THE CHARTER TOWNSHIPS OF BENTON, ST. JOSEPH, AND LINCOLN, AND THE TOWNSHIP OF ROYALTON AND OTHER MUNICIPALITIES THAT COMPRISE THE LABOR SHED AREA VIA: LAND DEVELOPMENT, REDEVELOPMENT AND RENEWAL; ACTIVITIES AND PROJECTS DESIGNED TO ATTRACT NEW INDUSTRY AND RETAIN EXISTING INDUSTRY, INCLUDING THE ESTABLISHMENT, OPERATION AND MANAGEMENT OF TRADE ZONES, LOGISTIC HUBS, INDUSTRIAL PARKS AND OTHER DEVELOPMENTS THAT SPUR PRIVATE SECTOR INVESTMENT; ACTIVITIES AND PROJECTS DESIGNED TO PROMOTE INVESTMENTS IN THE DESCRIBED COMMUNITIES; OTHER PROJECTS AND ACTIVITIES DEEMED NECESSARY TO COMBAT COMMUNITY DETERIORATION. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CORNERSTONE ALLIANCE DELIVERS CUSTOMER-FOCUSED ECONOMIC DEVELOPMENT SOLUTIONS THROUGH PARTNERSHIPS THAT GROW EMPLOYMENT OPPORTUNITIES, INCREASE THE TAX BASE AND ADD TO THE ECONOMIC VIBRANCY OF MICHIGAN'S GREAT SOUTHWEST. FORM 990, PART VI, SECTION B, LINE 11B CEO AND ACCOUNTANT REVIEW A DRAFT COPY OF THE 990. AFTER THEIR REVIEW, MANAGEMENT EMAILS A DRAFT COPY OF THE FORM 990 TO THE EXECUTIVE COMMITTEE FOR REVIEW. AFTER THE FORM 990 IS FILED WITH THE IRS, A COPY OF THE RETURN WILL BE MADE AVAILABLE FOR ALL BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH THE COMPLETION OF ANNUAL QUESTIONNAIRES BY STAFF MEMBERS AND THE ANNUAL REVIEW OF THE FORM 990 BY BOARD MEMBERS. IF A CONFLICT ARISES THE AFFECTED BOARD MEMBER WILL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CEO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. COMPENSATION COMMITTEE USES COMPARABLE DATA TO REVIEW PRESIDENT/CEO COMPENSATION. THE COMPENSATION FOR THE REMAINING OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO ANNUALLY. THE MOST RECENT YEAR FOR THIS EVALUATION WAS MARCH 2022. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE CORNERSTONE ALLIANCE OFFICE. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 42,023. MANAGEMENT AND GENERAL EXPENSES 11,704. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,727. SITE DEVELOPMENT: PROGRAM SERVICE EXPENSES 1,314,198. MANAGEMENT AND GENERAL EXPENSES 147,541. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,461,739. PROFESSIONAL REPORTS: PROGRAM SERVICE EXPENSES 37,984. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,984. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN BERRIEN COMMUNITY FOUNDATION -217,183. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. RENAISSANCE DEVELOPMENT LAND COMPANY LLC 80 W MAIN ST BENTON HARBOR MI 49022 383363404 REAL ESTATE DEVELOPMENT MI 0 384464 CORNERSTONE ALLIANCE CORNERSTONE SAND CREEK DEVELOPMENT CO LLC 80 W MAIN ST BENTON HARBOR MI 49022 382772476 REAL ESTATE DEVELOPMENT MI 0 0 CORNERSTONE ALLIANCE CORNERSTONE HOPE VI LLC 80 W MAIN ST BENTON HARBOR MI 49022 800499415 REAL ESTATE DEVELOPMENT MI -67492 6317819 CORNERSTONE ALLIANCE RENAISSANCE DEVELOPMENT FUND 80 W MAIN ST BENTON HARBOR MI 49022 383367429 DEVELOPING ECONOMIC ACTIVITIES TO SUPPORT CORNERSTONE ALLIANCE MI 501(C)(3) LINE 12B, II CORNERSTONE ALLIANCE 1 CORNERSTONE PUBLIC ASSET FUND INC 80 W MAIN ST BENTON HARBOR MI 49022 464405437 DEVELOPMENT AND IMPLEMENTATION OF ECONOMIC GROWTH MI 501(C)(3) LINE 12A, I CORNERSTONE ALLIANCE 1 BENTON HARBOR HOPE VI PHASE IV LDHA 53 W WALL STREET BENTON HARBOR MI 49022 800499415 REAL ESTATE DEVELOPMENT MI CORNERSTONE HOPE VI LLC EXCLUDED -67492 6317819 0 0 0.99990 BENTON HARBOR HOPE VI PHASE II LDHA 53 W WALL STREET BENTON HARBOR MI 49022 800499415 REAL ESTATE DEVELOPMENT MI CORNERSTONE HOPE VI LLC EXCLUDED -46 876 0 0 0.00010 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0