2025-05-14T10:28:33-05:00 2024-06-30 540737372 PBMARES LLP 12150 MONUMENT DRIVE SUITE 350 FAIRFAX VA 22033 990 2023-07-01 541714395 CORNERSTONES HOUSING CORPORATION CORN 5713239555 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 KERRIE B WILSON CEO 5713239555 2025-05-14 1 0 EDWARD T YODER CPA P00239134 7033858577 2025-05-14 X 2023 2025-03-06 01:10:19Z KERRIE B WILSON 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 1367720 0 X WWW.CORNERSTONESVA.ORG/HOUSING X 1970 VA 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. 9 8 0 79 0 0 1189 189825 1035891 949403 30573 34275 0 194217 1067653 1367720 0 0 0 0 0 0 0 0 0 1434349 1327704 1434349 1327704 -366696 40016 10028391 9410977 9249929 8592499 778462 818478 X CORNERSTONES HOUSING CORPORATION (CHC) OPERATES AS THE AFFORDABLE HOUSING ARM OF CORNERSTONES, INC. TOGETHER, CORNERSTONES AND ITS SUBSIDIARY CHC HAVE SERVED FAIRFAX COUNTY LOW- TO MODERATE-INCOME RESIDENTS FOR OVER 50 YEARS. WORKING IN LONG-TERM PARTNERSHIP WITH LOCAL JURISDICTIONS, CHC PROVIDES AFFORDABLE RENTAL HOUSING AND WRAP-AROUND SUPPORTS TO FAMILIES AND INDIVIDUALS EXPERIENCING HOMELESSNESS OR WHO ARE UNABLE TO MAINTAIN STABLE HOUSING DUE TO ECONOMIC OR OTHER HARDSHIPS. AS PART OF OUR SIGNATURE APPROACH, WE PROVIDE ALL TENANTS WITH ACCESS TO SUPPORTIVE PROGRAMS AND SERVICES SUCH AS FOOD, QUALITY CHILDCARE, JOB SKILLS TRAINING, AND CASE MANAGEMENT TO BUILD FAMILY RESILIENCY AND OPPORTUNITY. THROUGH THESE PROGRAMS WE OFFER STABILITY, EMPOWERMENT, AND HOPE FOR NORTHERN VIRGINIA'S MOST VULNERABLE NEIGHBORS. 0 0 980904 1143620 SERVICE-ENRICHED AFFORDABLE RENTAL HOUSING: CORNERSTONES HOUSING CORPORATION (CHC) CURRENTLY MANAGES 104 AFFORDABLE SCATTERED-SITE RENTAL HOMES AND APARTMENTS, SERVING EXTREMELY LOW AND LOW-INCOME HOUSEHOLDS, INCLUDING LOW-INCOME SENIORS AND THOSE TRANSITIONING OUT OF HOMELESSNESS. THE SCATTERED-SITE RENTAL PROGRAM COMPRISES 56 TOWNHOMES AND CONDOMINIUMS IN RESTON, HERNDON, AND CENTREVILLE, RENTED TO INDIVIDUALS AND FAMILIES QUALIFYING FOR HOUSING SUBSIDIES OR RECEIVING DISCOUNTED RENT FROM CORNERSTONES/CHC. THE APARTMENTS AT NORTH POINT, A 48-UNIT TAX CREDIT DEVELOPMENT IN RESTON, VIRGINIA, OFFERS AFFORDABLE RENTS TO HOUSEHOLDS EARNING BETWEEN 30-60% OF THE AREA MEDIAN INCOME THROUGH RIHC PARTNERS, LP. MANY RESIDENTS WERE PREVIOUSLY HOMELESS OR AT RISK, FACING LIMITED OPTIONS FOR HOUSING IN THIS HIGH-COST REGION.OUR HOUSING IS SUPPORTED BY CORNERSTONES' SUPPORTIVE HOUSING CASE MANAGERS, WHO PLAY A VITAL ROLE IN SUPPORTING VULNERABLE POPULATIONS BY OFFERING COUNSELING, GUIDANCE, AND ADVOCACY. THEY FOCUS ON THE EMOTIONAL HEALTH AND PHYSICAL WELLBEING OF CHILDREN, FAMILIES, AND OTHER VULNERABLE GROUPS, PROVIDING THEM WITH COUNSELING, COPING SKILLS, AND ADVOCACY SERVICES. THESE PROFESSIONALS POSSESS STRONG PROBLEM-SOLVING ABILITIES, ENABLING THEM TO IDENTIFY AND ADDRESS BARRIERS TO STABLE HOUSING WHILE CONNECTING PEOPLE TO SERVICES THAT SUPPORT HOUSING STABILITY. THEY OFTEN MANAGE LARGE CASELOADS, DEVELOPING AND IMPLEMENTING CARE PLANS TAILORED TO THE NEEDS OF PARTICIPANTS AND THEIR FAMILIES. CORNERSTONES SUCCESS STEMS FROM OUR COMPREHENSIVE RANGE OF PROGRAMS AND WRAP-AROUND SERVICES, WHICH ADDRESS URGENT OR ONGOING NEEDS SUCH AS HOUSING, FOOD, CHILDCARE, OR FINANCIAL ASSISTANCE, ALL AIMED AT FOSTERING HEALTHY CHILDREN, YOUTH, AND FAMILIES, SECURING AFFORDABLE HOUSING, AND PROMOTING FINANCIAL INDEPENDENCE. 980904 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X X X KERRIE B WILSON 5713239555 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 CHERYL SIMPKINS CHAIR 1.00 X X 0 0 0 CHRISTY ZEITZ VICE CHAIR 1.00 X X 0 0 0 FRAN STEINBAUER TREASURER 1.00 X X 0 0 0 KERRIE B WILSON SECRETARY 20.00 30.00 X X 0 187629 8399 JOHN D THOMAS IMMEDIATE PAST CHAIR 1.00 X 0 0 0 ESTHER B JOHNSON DIRECTOR 1.00 X 0 0 0 ROBERT GOUDIE DIRECTOR 1.00 X 0 0 0 KEVIN SCHAAR DIRECTOR 1.00 X 0 0 0 CASEY VEATCH DIRECTOR 1.00 X 0 0 0 0 187629 8399 0 0 1 0 OC REMODELING HOUSE LLC 2952 LANDOVER ST ALEXANDRIA VA 22305 REPAIRS 141705 CORD HOME IMPROVEMENT 2 SUMMIT COURT INDIAN HEAD MD 20640 REPAIRS 111925 2 189825 189825 TENANT FEES 531110 949403 949403 949403 34275 34275 MISCELLANEOUS 900099 194217 194217 194217 1367720 1143620 0 34275 346800 346800 754 754 3911 3911 5070 5070 172060 172060 24366 24366 345462 345462 25338 25338 REPAIRS 310425 310425 MISSION DEVELOPMENT 46728 46728 BAD DEBT 23136 23136 MISCELLANEOUS 22831 22831 823 823 1327704 980904 346800 0 177828 169284 803112 246265 35028 43077 184399 184399 12938 298094 12829523 4727447 8493115 8102076 41000 41000 280971 326782 10028391 9410977 61386 117911 5946 3429 8817975 8420867 364622 50292 9249929 8592499 X 778462 818478 778462 818478 10028391 9410977 40016 0 X X 0 1 X 1 0 X 12502 1189 189825 203516 1030279 1069449 1049262 1035891 949403 5134284 1042781 1069449 1049262 1037080 1139228 5337800 0 0 0 5337800 15104 11610 11557 30573 34275 103119 15104 11610 11557 30573 34275 103119 86 281931 13773 194217 490007 1057971 1362990 1074592 1067653 1367720 5930926 0.90000 0.93210 0.01740 0.01540 X 2640490 2640490 9878789 4565898 5312891 205082 161549 43533 105162 105162 8102076 SECURITY DEPOSITS - TENANTS 44000 DUE TO RELATED PARTY 6292 50292 X PART X, LINE 2: CS AND CHC ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME. RIHC IS A LIMITED PARTNERSHIP WHICH PASSES ITS NET EARNINGS OR LOSSES TO ITS PARTNERS. RIHC'S RENTAL INCOME ACTIVITY TO LOW-INCOME INDIVIDUALS IS CONSIDERED TO BE DIRECTLY RELATED TO THE ORGANIZATION'S EXEMPT PURPOSE; THEREFORE, THIS INCOME IS EXEMPT FROM UNRELATED BUSINESS INCOME TAX. THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN PROVIDED FOR IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2024. CS AND CHC FILE FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ANNUALLY WITH THE UNITED STATES DEPARTMENT OF THE TREASURY. RIHC FILES FORM 1065, RETURN OF PARTNERSHIP INCOME. SUCH RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. 0 0 0 0 0 0 0 0 0 KERRIE B WILSON SECRETARY 0 187629 0 0 0 0 0 7645 0 754 0 196028 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE EXEMPT ORGANIZATION'S (EO'S) FINANCE AND AUDIT COMMITTEE REVIEWS THE FINANCIAL STATEMENTS AND DRAFT TAX RETURN IN ADVANCE OF FILING. MANAGEMENT WILL ANSWER ALL QUESTIONS AND PROVIDE SUPPORTING DOCUMENTATION AS REQUESTED. THE BOARD OF DIRECTORS WILL RECEIVE A COPY OF THE DRAFT TAX RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO ABIDE BY THE AGENCY'S CONFLICT OF INTEREST POLICY. BOARD MEMBERS REFRAIN FROM VOTING WHERE THERE IS A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. BOARD MEMBERS ARE REQUIRED TO REPORT CONFLICTS OF INTEREST WHEN ISSUES ARE BEFORE THE BOARD. CEO REVIEWS THE CONFLICT STATEMENTS REGULARLY. FORM 990, PART VI, SECTION B, LINE 15A ON A CONSISTENT BASIS, THE CHAIRPERSON OF THE BOARD APPOINTS A TASK FORCE OR MEMBERS OF THE BOARD TO FACILITATE THE CEO PERFORMANCE REVIEW. IF PERFORMANCE OR MARKET CONDITIONS WARRANT A CHANGE IN COMPENSATION, THE CHAIRPERSON OR DESIGNEE WORKS WITH HUMAN RESOURCES TO GATHER INFORMATION TO GUIDE THE DECISION. INFORMATION USED INCLUDES MARKET-BASED COMPENSATION SURVEY DATA FOR THE REGION AND, WHEN AVAILABLE, INFORMATION FROM NONPROFITS OF COMPARABLE SIZE AND COMPLEXITY. UPON COMPLETION OF THE EVALUATION, THE CHAIRPERSON OR DESIGNEE PRESENTS A REPORT ON PERFORMANCE AND COMPENSATION TO THE BOARD OF DIRECTORS. THE MEETING MAY BE HELD IN EXECUTIVE SESSION. IF APPROVED BY A SIMPLE MAJORITY OF THE BOARD MEMBERS PRESENT, THE BOARD CHAIR COMPLETES A PERSONNEL ACTION FORM WHICH IS THE FORMAL RECORD OF THE ACTION. THE EXECUTIVE COMMITTEE WILL OVERSEE A COMPARISON OF COMPENSATION AWARDED AND REPORTED ON THE AGENCY'S 990 FORM ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 EO MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND TAX RETURN UPON REQUEST. EO'S TAX RETURN IS ALSO AVAILABLE AT WWW.GUIDESTAR.ORG. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITTEE OF THE BOARD MEETS REGULARLY TO REVIEW FINANCIAL OPERATIONS OF THE EO, COMMISSIONS THE ANNUAL AUDIT BY AN INDEPENDENT AUDIT FIRM, AND OVERSEES THE PRESENTATION OF THE AUDIT TO THE BOARD OF DIRECTORS. CORNERSTONES INC 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 541037615 SOCIAL/HUMAN SERVICES VA 501(C)(3) N/A 0 RIHC PARTNERS LP 11150 SUNSET HILLS ROAD SUITE 210 RESTON VA 201905360 311459170 PROVIDES AFFORDABLE HOUSING VA CORNERSTONES HOUSING CORPORATION RELATED 425 1610563 0 1 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 CORNERSTONES INC M 346800 BASED ON MANAGEMENT AGREEMENT CORNERSTONES INC P 6292 ACTUAL EXPENSES