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Cornerstone Renter Equity Inc.

Cornerstone Renter Equity Inc.

Cincinnati, OH 45202
Tax ID31-1170803

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About this organization

Revenue

$1,794,649

Expenses

$715,998

Website

csequity.org

Mission

Cornerstone finances, develops and manages renters equity (SM) housing for low-income households that need an alternative to homeownership in order to build assets they need to improve their lives.

About

Renter equity: Renter equity is a model that supports individuals and families living in affordable housing to reach self-sufficiency by identifying and working towards family goals, and supporting families where they need assistance. The program has several asset building components for the residents.

Interesting data from their 2020 990 filing

The filing sets forth the mission of the non-profit as “Cornerstone is a nonprofit community development corporation that finances, develops and manages high quality, affordable multi-family communities for low-income households. cornerstone created an innovative participatory management model called renter equity that is linked to a wealth building tool for residents. cornerstone provides opportunities for tenants to develop economic assets and the knowledge, governance and skills to effectively manage them.”.

When detailing its responsibilities, they were listed as: “Cornerstone finances, develops and manages renters equity (sm) housing for low-income households that need an alternative to homeownership in order to build assets they need to improve their lives.”.

  • The state in which the non-profit is legally permitted to operate is OH.
  • The address of the non-profit for 2020 according to the filing is 1641 VINE ST, CINCINNATI, OH, 45202.
  • The number of employees reported by the non-profit on their form as of 2020 is 6.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $1,078,651.
  • The organization has 16 independent voting members.
  • The organization was formed in 1986.
  • The organization pays $269,690 in salary, compensation, and benefits to its employees.
  • The organization pays $59,330 in fundraising expenses.

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