2026-05-15T08:25:46-05:00 2025-06-30 540737372 PBMARES LLP 4114 LEGATO ROAD 5TH FLOOR FAIRFAX VA 22033 990 2024-07-01 541714395 CORNERSTONES HOUSING CORPORATION CORN 5713239555 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 SHANNON STEENE CEO 5713239555 2026-05-15 1 0 EDWARD T YODER CPA P00239134 7035915200 2026-05-15 X 2024 2025-03-06 01:10:19Z SHANNON STEENE 11150 SUNSET HILLS RD STE 210 RESTON VA 20190 989833 0 X WWW.CORNERSTONESVA.ORG/HOUSING X 1970 VA 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. 9 8 0 43 0 0 189825 23804 949403 938185 34275 27844 194217 0 1367720 989833 0 0 0 0 0 0 0 0 0 1327704 1351311 1327704 1351311 40016 -361478 9410977 9354852 8592499 8897852 818478 457000 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 1000638 938185 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. RESIDENTS ARE 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. 1000638 1 0 0 0 0 0 0 0 0 0 1 0 0 1 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 8 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 SHANNON STEENE 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 199584 8874 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 199584 8874 0 0 1 0 CORD HOME IMPROVEMENT 2 SUMMIT COURT INDIAN HEAD MD 20640 REPAIRS 166745 NEW LIVING HOME SERVICES LLC 10982 POPE STREET MANASSAS VA 20109 REPAIRS 121160 2 23804 23804 TENANT FEES 531110 938185 938185 938185 27844 27844 989833 938185 0 27844 346800 346800 7976 7976 150 150 180217 180217 18297 18297 360177 360177 23898 23898 REPAIRS 376733 376733 MISCELLANEOUS 16870 12997 3873 MISSION DEVELOPMENT 10069 10069 BAD DEBT 8998 8998 1126 1126 1351311 1000638 350673 0 169284 199167 246265 253936 43077 33367 184399 184399 298094 9552 12903096 5074858 8102076 7828238 41000 41000 326782 805193 9410977 9354852 117911 91368 3429 365 8420867 8311119 50292 495000 8592499 8897852 X 818478 457000 818478 457000 9410977 9354852 -361478 0 X X 0 1 X 1 0 X 1189 189825 23804 214818 1069449 1049262 1035891 949403 938185 5042190 1069449 1049262 1037080 1139228 961989 5257008 0 0 0 5257008 11610 11557 30573 34275 27844 115859 11610 11557 30573 34275 27844 115859 281931 13773 194217 489921 1362990 1074592 1067653 1367720 989833 5862788 0.89670 0.90000 0.01980 0.01740 X 2640490 2640490 9949971 4914191 5035780 207473 160667 46806 105162 105162 7828238 INTEREST RECEIVABLE 118900 JOB ORDER START-UP DEPOSITS 9500 RESERVE FOR REPLACEMENT 208821 DUE FROM RELATED PARTY 467972 805193 SECURITY DEPOSITS - TENANTS 45000 LINE OF CREDIT 450000 495000 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, 2025. 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 199584 0 0 0 0 0 8120 0 754 0 208458 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 521 1610437 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 467972 ACTUAL EXPENSES