Nonprofit · EIN 75-2623357
CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC
Tax-exempt · DALLAS, TX 75315
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,500,000 | $1,500,000 | $0 | $4,756,730 | $4,756,730 | $0 |
| December 31, 2023 | 990 | $732,000 | $721,354 | $10,646 | $77,981 | $0 | $77,981 |
| December 31, 2022 | 990 | $525,000 | $0 | $525,000 | $4,512,335 | $4,445,000 | $67,335 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,500,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $58,266
- Salaries, compensation and benefits (total)
- $75,851
- Professional fundraising fees
- $0
- Program services (functional)
- $1,500,000
Balance sheet and other
- Total assets, start of year
- $4,447,981
- Total assets, end of year
- $4,756,730
- Total liabilities, end of year
- $4,756,730
- Net assets, end of year
- $0
- Land, buildings and equipment
- $4,675,730
- Net assets without donor restrictions
- $69,500
- Gross receipts
- $1,500,000
- Employees
- 0
- Volunteers
- 2,500
- Year formed
- 1996
- State of legal domicile
- TX
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 |
|---|---|---|---|
| Lonnie Mitchell | Director Trustee or director | 5 | $40,839 |
| Gerald Davis | Key Employee Officer | 15 | $28,012 |
| Barbara Biddle | Admin Key employee | 15 | $7,000 |
| Chris L Simmons | President Officer | 15 | $0 |
| Charles Jones | Vice Presdient Officer | 10 | $0 |
| Sheila Henry | Director Trustee or director | 5 | $0 |
| William Hood | Treasurer Officer | 15 | $0 |
| Charlotte Runnels | Secretary Officer | 10 | $0 |
| Christina Hood | Director Trustee or director | 10 | $0 |
| Kelin Porter | Housing Coordinator Highest-paid employee | 40 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS L SIMMONS | President Officer | 20 | $0 |
| CHARLES JONES | Vice President Officer | 10 | $0 |
| GERALD DAVIS | Treasurer Officer, Key employee | 25 | $0 |
| CHARLOTTE RUNNELS | Secretary Officer | 10 | $0 |
| SHEILA HENRY | Director Trustee or director | 5 | $0 |
| SHERIAN SMITH | Director Trustee or director | 5 | $0 |
| TAMECA HARRIS | Director Trustee or director | 5 | $0 |
| LONNIE MITCHELL | Director Trustee or director | 5 | $0 |
| WILLIAM HOOD | Director | 5 | $0 |
| KELIN PORTER | Housing Coordinator Highest-paid employee | 5 | $0 |
| CHRISTINA HOOD | Director | 5 | $0 |
| BARBARA BIDDLE | Administrative Assistant Key employee | 20 | $0 |
990 for the year ended December 31, 2022: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRIS L SIMMONS | PRESIDENT Officer | 20 | $0 |
| CHARLES JONES | VICE PRESIDENT Officer | 10 | $0 |
| CHARLOTTE RUNNELS | SECRETARY Officer | 10 | $0 |
| LONNIE MITCHELL | DIRECTOR Trustee or director | 7 | $0 |
| GERALD DAVIS | TREASURE Officer | 10 | $0 |
| SHEILA HENRY | DIRECTOR Trustee or director | 5 | $0 |
| CHRIS GARCIA | DIRECTOR Trustee or director | 5 | $0 |
| SHERIAN SMITH | DIRECTOR Trustee or director | 5 | $0 |
| TAMECA HARRIS | DIRECTOR Trustee or director | 5 | $0 |
| WILLIAM HOOD | DIRECTOTR Trustee or director | 5 | $0 |
| CHRISTINA HOOD | DIRECTOR Trustee or director | 5 | $0 |
| KELIN PORTER | HOUSING DIRECTOR Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 152551, DALLAS, TX 75315-2551
- In care of
- % CHRIS L SIMMONS
- Principal officer (990 for 2024)
- Chris L Simmons, 1819 MARTIN LUTHER KING JR BLVD, 1819 Martin Luther King Jr Blvd, DALLAS, TX 75215
- Signed the 990
- Chris L Simmons, President
- Phone
- (214) 426-5468
Mission
To improve the quality of life for residents in the South Dallas / Fair Park community by providing programs and services that help people break out of the cycle of poverty and empower them to become contributing members of their neighborhood.
Program accomplishments
- Community Development/Housing Real estate acquisition, stabilization, and redevelopment: owning properties, targeting vacant lots, developing affordable and mixed-use housing, etc.Expenses $750,000
- Social Services: A community kitchen serving ~13,000 meals/month to people experiencing homelessness. A clothing closet & shower facility (showers, clean clothes) for homeless and indigent people. A laundromat service including both a permanent facility and a mobile unit.Expenses $450,000
- Education & Youth Enrichment: After-school programs to help children who are disadvantaged academically. ccdcdallas.org Summer programs (Summer Plus), enrichment, tutoring, campsExpenses $175,000
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
- 75-2623357
- 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
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $4,756,730
- Income (IRS master file)
- $1,500,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $732,000 | $721,354 | $77,981 | IRS |
| 990 | December 2022 | $525,000 | $0 | $4,512,335 | IRS |
| 990 | December 2020 | – | – | – | 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 COMMUNITY DEVELOPMENT CORPORATION INC
- What is the EIN of CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC?
- The employer identification number (EIN) of CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC is 75-2623357.
- Is CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION 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 COMMUNITY DEVELOPMENT CORPORATION 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 COMMUNITY DEVELOPMENT CORPORATION 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 COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 names Chris L Simmons.
- Who are the officers and directors of CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 3 received compensation from the organization, the highest $40,839 (Lonnie Mitchell, Director).
- How much revenue does CORNERSTONE COMMUNITY DEVELOPMENT CORPORATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,500,000, expenses of $1,500,000 and total assets of $4,756,730 at year end.
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