Nonprofit · EIN 84-2737310
CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES
Tax-exempt · N HOLLYWOOD, CA 91605
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $691,067 | $1,553,007 | -$861,940 | $44,558,817 | $17,843,612 | $26,715,205 |
| December 31, 2023 | 990 | $5,680,609 | $1,062,505 | $4,618,104 | $39,084,611 | $11,507,466 | $27,577,145 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $388,475
- Program service revenue
- $0
- Investment income
- $243,023
- Other revenue
- $59,569
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $66,176
- Accounting fees
- $78,721
- Occupancy
- $52,009
- Travel
- $5,299
- Program services (functional)
- $602,417
- Management and general (functional)
- $509,719
- Fundraising (functional)
- $440,871
Balance sheet and other
- Total assets, start of year
- $39,084,611
- Total assets, end of year
- $44,558,817
- Total liabilities, end of year
- $17,843,612
- Net assets, end of year
- $26,715,205
- Land, buildings and equipment
- $36,432,579
- Net assets without donor restrictions
- $21,317,230
- Net assets with donor restrictions
- $5,397,975
- Gross receipts
- $691,067
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2019
- State of legal domicile
- CA
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 |
|---|---|---|---|
| KAMBIZ BABAOFF | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT KRIEGER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JONATHAN M GLASER | DIRECTOR Trustee or director | 1 | $0 |
| ERIC SCHWARTZ | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE SAVITSKY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN DARRISON | DIRECTOR Trustee or director | 1 | $0 |
| AVI RYZMAN | DIRECTOR Trustee or director | 1 | $0 |
| DR MICHAEL HELD | EXECUTIVE DIRECTOR Officer | 30 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAMBIZ BABAOFF | PRESIDENT Trustee or director, Officer | 1 | $0 |
| SCOTT KRIEGER | SECRETARY Trustee or director, Officer | 1 | $0 |
| JONATHAN M GLASER | DIRECTOR Trustee or director | 1 | $0 |
| ERIC SCHWARTZ | TREASURER Trustee or director, Officer | 1 | $0 |
| STEVE SAVITSKY | DIRECTOR Trustee or director | 1 | $0 |
| STEPHEN DARRISON | DIRECTOR Trustee or director | 1 | $0 |
| AVI RYZMAN | DIRECTOR Trustee or director | 1 | $0 |
| DR MICHAEL HELD | EXECUTIVE DIRECTOR Officer | 30 | $0 |
Address and contacts
- Address (IRS master file)
- 13034 SATICOY ST, N HOLLYWOOD, CA 91605-3510
- Mailing address (990-N for 2019)
- 13034 SATICOY ST, NORTH HOLLYWOOD CA 91605
- Principal officer (990 for 2024)
- DR MICHAEL HELD, 13034 SATICOY ST, NORTH HOLLYWOOD, CA 91605
- Principal officer (990-N for 2019)
- DR MICHAEL HELD, 13034 SATICOY ST, NORTH HOLLYWOOD CA 91605
- Signed the 990
- DR MICHAEL HELD, EXECUTIVE DIRECTOR
- Phone
- (818) 985-3882
- Return prepared by
- CBIZ ADVISORS LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 84-2737310 or by the name CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE ADULT LIVING FOR THOSE WHO HAVE INTELLECTUAL & DEVELOPMENTAL DISABILITIES. CURRENTLY IN THE DEVELOPMENT STAGE OF DEVELOPING LIVING STRUCTURE.
Program accomplishments
- THE ORGANIZATION INTENDS TO DEVELOP AND OPERATE SUBSIDIZED HOUSING FOR PERSONS IN THE GREATER LOS ANGELES COMMUNITY WITH RECOGNIZED PHYSICAL OR MENTAL DISABILITIES OR DEVELOPMENTAL DISORDERS, WHO HAVE LIMITED FINANCIAL RESOURCES AND ARE DEPENDENT TO SOME EXTENT ON PUBLIC AND CHARITABLE ASSISTANCE. THE ORGANIZATION BEGAN A CAPITAL CAMPAIGN TO RAISE FUNDS TO DEVELOP A CENTER THAT INCLUDES MORE THAN 60 INDIVIDUAL APARTMENTS, PROGRAM, FITNESS, AND KITCHEN AND DINING AREAS, AS WELL AS LEASED RETAIL SPACE. DURING THE YEAR ENDED DECEMBER 31, 2020, THE ORGANIZATION ACQUIRED THE LAND AND BUILDING THAT WILL BE TRANSFORMED INTO THE CENTER. DURING FISCAL YEAR 2021, THE CONSTRUCTION PROJECT BEGAN TO TRANSFORM THE LOCATION INTO THE INTENDED COMMUNITY WHICH IS EXPECTED TO BE COMPLETED IN 2026.Expenses $602,417
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
- 84-2737310
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $44,558,817
- Income (IRS master file)
- $691,067
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $691,067 | $1,553,007 | $44,558,817 | XML |
| 990 | December 2023 | $5,680,609 | $1,062,505 | $39,084,611 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $11,507,131 | $603,940 | $32,943,869 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: DR MICHAEL HELD | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-2737310).
Questions about CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES
- What is the EIN of CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES?
- The employer identification number (EIN) of CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES is 84-2737310.
- Is CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES 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 HOUSING FOR ADULTS WITH DISABILITIES 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 HOUSING FOR ADULTS WITH DISABILITIES 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 HOUSING FOR ADULTS WITH DISABILITIES?
- The 990 for the year ended December 31, 2024 names DR MICHAEL HELD.
- Who are the officers and directors of CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does CORNERSTONE HOUSING FOR ADULTS WITH DISABILITIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $691,067, expenses of $1,553,007 and total assets of $44,558,817 at year end.
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All nonprofits in N HOLLYWOOD · California · Housing and shelter