Nonprofit · EIN 11-2514873
CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC
Tax-exempt · BROOKLYN, NY 11216
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $766,319 | $0 | $766,319 | $14,257,590 | $0 | $14,257,590 |
| September 30, 2024 | 990 | $722,925 | $0 | $722,925 | $13,491,271 | $0 | $13,491,271 |
| September 30, 2023 | 990 | $688,950 | $0 | $688,950 | $12,768,346 | $0 | $12,768,346 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $766,284
- Investment income
- $5
- Net rental income
- $30
- Other revenue
- $30
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $13,491,271
- Total assets, end of year
- $14,257,590
- Total liabilities, end of year
- $0
- Net assets, end of year
- $14,257,590
- Net assets without donor restrictions
- $14,257,590
- Gross receipts
- $766,319
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1978
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD SHELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LENUE H SINGLETARY III | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEATRICE J WALLS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DOROTHY WOODS | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBYN LUCAS-CORA | CFO Officer | 1 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD SHELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LENUE H SINGLETARY III | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEATRICE J WALLS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DOROTHY WOODS | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBYN LUCAS-CORA | CFO Officer | 1 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| REGINALD SHELL | PRESIDENT Trustee or director, Officer | 1 | $0 |
| LENUE H SINGLETARY III | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEATRICE J WALLS | SECRETARY Trustee or director, Officer | 1 | $0 |
| DOROTHY WOODS | TREASURER Trustee or director, Officer | 1 | $0 |
| ROBYN LUCAS-CORA | CFO Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 550 GREENE STREET, BROOKLYN, NY 11216-4518
- Principal officer (990 for 2024)
- ROBYN LUCAS-CORA, 550 GREENE STREET, BROOKLYN, NY 11216
- Signed the 990
- ROBYN LUCAS-CORA, CFO
- Phone
- (516) 285-7500
- Return prepared by
- CBIZ ADVISORS LLC
Mission
TO PROVIDE REHABILITATION AND MAINTENANCE OF RESIDENTIAL HOUSING PROPERTY TO LOW-INCOME ELDERLY.
Program accomplishments
- TO PROVIDE REHABILITATION AND MAINTENANCE OF RESIDENTIAL HOUSING PROPERTY TO LOW-INCOME ELDERLY. THE COMPANY PREVIOUSLY OWNED AND OPERATED AN 151-UNIT RESIDENTIAL RENTAL BUILDING THAT PROVIDED HOUSING TO LOW-INCOME ELDERLY (THE "PROPERTY"). OPERATION OF THE PROPERTY WAS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO THE SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM. THE COMPANY SOLD THE PROPERTY IN 2012 TO AN AFFILIATE. THE PROPERTY SUBSEQUENTLY ENTERED THE LOW-INCOME HOUSING TAX CREDIT PROGRAM, REGULATED BY SECTION 42 OF THE INTERNAL REVENUE CODE. PURSUANT TO THE SALE AGREEMENT, THE COMPANY HAS A RIGHT OF FIRST REFUSAL PURCHASE OPTION, TO REPURCHASE THE PROPERTY AT THE END OF THE FIRST 15-YEAR COMPLIANCE PERIOD UNDER AN AGREED-UPON REPURCHASE FORMULA.revenue $766,314
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 11-2514873
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $14,257,590
- Income (IRS master file)
- $766,319
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $766,319 | $0 | $14,257,590 | XML |
| 990 | September 2024 | $722,925 | $0 | $13,491,271 | XML |
| 990 | September 2023 | $688,950 | $0 | $12,768,346 | XML |
| 990 | September 2022 | $643,464 | $0 | $12,079,396 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 11-2514873).
Questions about CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC
- What is the EIN of CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC?
- The employer identification number (EIN) of CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC is 11-2514873.
- Is CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended September 30, 2025 names ROBYN LUCAS-CORA.
- Who are the officers and directors of CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE ELDERLY HOUSING DEVELOPMENT FUND COMPANY INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $766,319, expenses of $0 and total assets of $14,257,590 at year end.
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