Cornerstones Housing Corporation
Cornerstones Housing Corporation
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About this organization
Mission
To provide affordable housing for low- to moderate-income residents by constructing and/or acquiring housing units, managing the housing portfolio, and advocating for programs and policies that support the preservation, development, and integration of affordable housing for an inclusive and equitable Fairfax-Falls Church community.
About
CHC expenses reflect full service property and asset management of agency-owned affordable town homes and condo units, rented to extremely and very low-income families at-risk of, or leaving homelessness. In FY 2019, 71 households were successfully housed, including a total of 229 individuals. Households with significant challenges are supported by Cornerstones' care managers, who work with each family to build their resiliency and maintain housing stability. The result is fewer families falling back into homelessness and more achieving financial growth and empowerment. Since 2014, CHC has, through its RIHC Partnership, managed The Apartments at North Point an attractive 48-unit development in Reston, Virginia - to assure that units remain affordable to households between 30-60% of the area median income. In FY 2019 The Apartments at North Point served 56 families, including 99 individuals. In 2018, CHC and Quantum Management Company received the PACE Property Management Association Judges Choice Award. This award recognizes properties and management recognized for excellence.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “See schedule o”.
When explaining its purpose, the activities were described as: “To provide affordable housing for low- to moderate-income residents by constructing and/or acquiring housing units, managing the housing portfolio, and advocating for programs and policies that support the preservation, development, and integration of affordable housing for an inclusive and equitable fairfax-falls church community.”.
- The non-profit is legally allowed to operate in the state of VA, as reported.
- The filing provides the non-profit's address in 2020 as 11150 Sunset Hills Rd Ste 210, Reston, VA, 20190.
- The non-profit has a total of 0 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$136,119.
- The organization has 9 independent voting members.
- The organization was formed in 1970.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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