2025-07-23T08:30:32-05:00 2024-12-31 481026809 Wendling Noe Nelson & Johnson LLC 623 SW 10th Ave Suite 300 Topeka KS 66612 990 2024-01-01 481021157 Cornerstone of Topeka Inc CORN 7852321650 1195 SW Buchanan ST STE 103 Topeka KS 66604 Christopher Palmer Executive Director 7852321650 2025-07-21 1 0 Tyler R Crow P01792991 7852334226 2025-07-21 2024 2025-03-06 01:10:19Z Christopher Palmer 1195 SW Buchanan ST STE 103 Topeka KS 66604 2212312 0 X cornerstoneoftopeka.org X 1986 KS All of Cornerstone efforts are directed toward interrupting the cycle of homelessness, providing decent, safe, accessible and affordable housing of choice to moderate and low-income households, and revitalizing Topeka neighborhoods. 11 11 6 12 0 0 551579 1083624 1015742 1099139 28047 1411 -4809 -1522 1590559 2182652 0 0 0 0 445174 485066 0 0 6308 760220 834019 1205394 1319085 385165 863567 10204780 10688993 2266659 1887305 7938121 8801688 X All of Cornerstone efforts are directed toward interrupting the cycle of homelessness, providing decent, safe, accessible and affordable housing of choice to moderate and low-income households, and revitalizing Topeka neighborhoods. 0 0 1049910 1099139 A combined transitional housing program (THP) and affordable housing program (AHP) currently are operated as one program by the organization.Transitional housing program (THP) - provides temporary housing (up to 6 months) to homeless persons and families with children in order to help them obtain permanent housing. Admission to the program is by referral from a shelter or social service agency. Selection criteria apply. The program is targeted to breaking the cycle of homelessness.Affordable housing program (AHP) - has an inventory of over 180 units of below-market rental housing. (See Schedule O). 1049910 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 9 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X Cola White 7852321650 1195 SW Buchanan ST STE 103 Topeka KS 66604 Mark DeGroff President 1.00 X X 0 0 0 Sara Hood Vice-President 1.00 X X 0 0 0 RJ McGuire Treasurer (Thru 05/24) 1.00 X X 0 0 0 Dianne Deuser Board Member/Treasurer (Eff. 05/24) 1.00 X X 0 0 0 Frank Fulton Secretary 1.00 X X 0 0 0 Matthew Baldwin Board Member 1.00 X 0 0 0 Charles Franks Board Member 1.00 X 0 0 0 Wayne French Board Member 1.00 X 0 0 0 Anne McInerney Board Member 1.00 X 0 0 0 Mirida Osborne Board Member 1.00 X 0 0 0 Jonathan Henry Board Member (Eff. 05/24) 1.00 X 0 0 0 Cody Fredrickson Board Member (Eff. 05/24) 1.00 X 0 0 0 Christopher Palmer Executive Director 40.00 X 87667 0 22779 87667 0 22779 0 0 0 0 0 33185 1018440 31999 1083624 Rental income 624200 845205 845205 Developer fees 624200 181177 181177 Misc. program fees 624200 72757 72757 1099139 4042 4042 22457 25088 -2631 -2631 -2631 3050 33185 4572 -1522 -1522 2182652 1099139 0 -111 110446 60509 44007 5930 291892 205098 86794 6543 4643 1900 47111 33691 13420 29074 19379 9317 378 3058 3058 23370 2370 21000 31087 31087 337100 317102 19998 14869 9843 5026 6004 6004 26836 26836 233063 226161 6902 95218 94073 1145 Bad debt 44390 44390 Miscellaneous 9541 9541 Meals and entertainment 3937 3937 Background checks 2268 2268 3278 2757 521 1319085 1049910 262867 6308 136317 81519 309622 467066 328771 27013 45993 3282 31085 5247 8727 12578548 3060027 8830830 9518521 548000 551780 10204780 10688993 58007 118645 384204 1045992 1095509 778456 673151 2266659 1887305 X 3232267 3305206 4705854 5496482 7938121 8801688 10204780 10688993 863567 0 X 0 1 X 1 0 X 105964 697864 884343 551579 1083624 3323374 105964 697864 884343 551579 1083624 3323374 538351 2785023 456 297 756 3454 4042 9005 3332379 4856583 0.83570 0.76720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93320 93320 12271676 2995621 9276055 76470 64406 12064 137082 137082 9518521 Related party note receivable 548000 Due from Cornerstone Apartments 500 Due from Southern Hills Senior Homes 3280 551780 Grants refundable 585771 Security deposits and prepayments 87380 673151 X 2189855 4572 4572 2185283 -2631 -2631 2182652 1326288 7203 7203 1319085 0 1319085 Part X, Line 2: Management does not believe there are any uncertainties in income tax positions. Part XI, Line 2d - Other Adjustments: Fundraising Expense Part XI, Line 4b - Other Adjustments: Loss on sale of assets Part XII, Line 2d - Other Adjustments: Fundraising Expense Loss on sale of assets Housewarming Party 36235 33185 3050 3050 1522 36235 33185 3050 3050 1522 4572 -1522 Form 990, Part III,. Line 4A, Program Service Accomplishments All of the homes and apartments are rent-restricted, and available only to low-income households earning at or below 80% of area median income. Some units are further restricted to lower income, or for special needs such as homeless or disabled. While home ownership opportunities are no longer a primary activity of Cornerstone, the organization will consider purchase of its homes by qualified tenants. Form 990, Part VI, Section B, line 11b The Form 990 is prepared by an outside CPA firm. The organization's Executive Director and Finance Manager review the return prior to filing. The Form 990 is available for any member to the Board of Directors to review. Form 990, Part VI, Section B, line 12c All staff and Board members are required to sign a conflict of interest statement. Board members that have a business relationship that creates a conflict of interest are prohibited from participating in the final discussions and decision in the transaction. Form 990, Part VI, Section B, line 15a Cornerstone's Executive Committee, comprised of President, Vice President, Secretary and Treasurer, makes recommendations to the Board of Directors regarding compensation for the Executive Director on an annual basis. Those deliberations are noted in the minutes of the Board's monthly meeting in which they are discussed. Compensation is compared for reasonableness to comparable positions at similar entities in the area. Form 990, Part VI, Section C, line 19 The organization makes the information available to interested parties upon written request. Cornerstone Apartments LP 515 N 162nd Ave Suite 202 Omaha NE 68118 263408346 Low Income Housing KS Cornerstone of Topeka Inc Related -5 70 0 1 0.00010 Southern Hills Senior Homes LP 1195 SW Buchanan St STE 103 Topeka KS 66604 883578517 Low Income Housing KS Cornerstone of Topeka Inc Related -28 687 0 1 0.00010 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 Cornerstone Apartments LP D 548500 Amount owed