Nonprofit · EIN 31-1170803
CORNERSTONE RENTER EQUITY INC
Tax-exempt · CINCINNATI, OH 45202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,090,404 | $1,168,600 | -$78,196 | $5,061,638 | $2,156,324 | $2,905,314 |
| December 31, 2023 | 990 | $889,138 | $1,061,804 | -$172,666 | $5,244,077 | $2,260,567 | $2,983,510 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $854,677
- of which government grants
- $88,768
- Program service revenue
- $223,910
- Investment income
- $8,179
- Other revenue
- $3,638
Expenses
- Grants and similar amounts paid
- $105,129
- Compensation of officers, directors and key employees
- $125,116
- Other salaries and wages
- $270,490
- Salaries, compensation and benefits (total)
- $473,229
- Professional fundraising fees
- $0
- Legal fees
- $235
- Accounting fees
- $18,500
- Occupancy
- $22,645
- Depreciation
- $181,044
- Program services (functional)
- $977,743
- Management and general (functional)
- $129,931
- Fundraising (functional)
- $60,926
Balance sheet and other
- Total assets, start of year
- $5,244,077
- Total assets, end of year
- $5,061,638
- Total liabilities, end of year
- $2,156,324
- Net assets, end of year
- $2,905,314
- Land, buildings and equipment
- $2,324,094
- Net assets without donor restrictions
- $2,448,635
- Net assets with donor restrictions
- $456,679
- Gross receipts
- $1,090,404
- Employees
- 6
- Volunteers
- 16
- Year formed
- 1986
- State of legal domicile
- OH
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISA BERRY | EXECUTIVE DIRECTOR Officer | 40 | $109,630 | $15,486 |
| BERNICE COOPER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN HANCOCK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KURT HIBBETT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JARROD HART | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GINA REGAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| SHAQUNNA SARDIN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOE SUNDERMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GLORIA SAMUEL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MAX KILB | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LAUREN MATUS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ABBY CREWS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDREW POLTORAK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JASON JONES | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LARRY WILLIAMS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JONATHAN BENNIE | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRENDON DUNIGAN | TREASURER Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALISA BERRY | EXECUTIVE DIRECTOR Officer | 40 | $101,395 | $15,340 |
| BERNICE COOPER | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOHN HANCOCK | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KURT HIBBETT | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| KURT BILLUPS | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BOB MALY THROUGH 723 | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| BRIAN SMYTH | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JOE SUNDERMAN | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| GLORIA SAMUEL | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| MAX KILB | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LAUREN MATUS STARTING 323 | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ABBY CREWS STARTING 623 | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| ANDREW POLTORAK STARTING 623 | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| JASON JONES STARTING 923 | TRUSTEE Trustee or director | 0.5 | $0 | $0 |
| LARRY WILLIAMS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JONATHAN BENNIE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BRENDON DUNIGAN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1537 RACE ST STE 201, CINCINNATI, OH 45202-8023
- Principal officer (990 for 2024)
- LARRY WILLIAMS, 1537 RACE ST STE 201, CINCINNATI, OH 45202
- Signed the 990
- LARRY WILLIAMS, PRESIDENT
- Phone
- (513) 369-0114
- Return prepared by
- CLARK SCHAEFER HACKETT & CO
Mission
CORNERSTONE RENTER EQUITY (CSRE) IS A COMMUNITY-ORIENTED PARTNER PROVIDING A CUSTOMIZED, FAMILY CENTERED APPROACH TO ASSET BUILDING AND PERSONAL GROWTH THROUGH AN INNOVATIVE PROGRAM CALLED RENTER EQUITY. THE RENTER EQUITY PROGRAM PROVIDES A UNIQUE OPPORTUNITY FOR LOW- INCOME RENTERS TO ACCUMULATE AN ASSET THEY HAVE TRADITIONALLY BEEN UNABLE TO ACCESS- EQUITY.
Program accomplishments
- AFFORDABLE HOUSING: CSRE OWNS AND MANAGES 25 UNITS OF AFFORDABLE HOUSING. ADDITIONALLY, CSRE PARTNERS WITH PRESERVATION OF AFFORDABLE HOUSING (POAH) OWN ANOTHER 50 UNITS LOCATED IN THE OVER THE RHINE COMMUNITY OF CINCINNATI, OHIO.Expenses $831,082 · grants $105,129 · revenue $227,548
- RENTER EQUITY PROGRAM: RENTER EQUITY PROGRAM: AVAILABLE TO LOW-INCOME RENTERS IN SELECT CINCINNATI NEIGHBORHOODS. THE PROGRAM SERVES APPROXIMATELY 163 INDIVIDUALS ANNUALLY. THE PROGRAM PROVIDES AFFORDABLE HOUSING RESIDENTS THE OPPORTUNITY TO JOIN AN EQUITY SAVINGS AND SUPPORT PROGRAM CLUB THAT PROVIDES MEMBERS THE OPPORTUNITY TO EARN A NON-TRADITIONAL SAVINGS ACCOUNT BY INVESTING IN THEMSELVES AND THE COMMUNITY.Expenses $146,661
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1170803
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,061,638
- Income (IRS master file)
- $1,090,404
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $889,138 | $1,061,804 | $5,244,077 | IRS |
| 990 | December 2022 | $1,129,703 | $933,204 | $5,498,631 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CORNERSTONE RENTER EQUITY INC
- What is the EIN of CORNERSTONE RENTER EQUITY INC?
- The employer identification number (EIN) of CORNERSTONE RENTER EQUITY INC is 31-1170803.
- Is CORNERSTONE RENTER EQUITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to CORNERSTONE RENTER EQUITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE RENTER EQUITY 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 RENTER EQUITY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORNERSTONE RENTER EQUITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CORNERSTONE RENTER EQUITY INC?
- The 990 for the year ended December 31, 2024 names LARRY WILLIAMS.
- Who are the officers and directors of CORNERSTONE RENTER EQUITY INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 1 received compensation from the organization, the highest $109,630 (ALISA BERRY, EXECUTIVE DIRECTOR).
- How much revenue does CORNERSTONE RENTER EQUITY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,090,404, expenses of $1,168,600 and total assets of $5,061,638 at year end.
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