Cornerstone Housing North Inc

Analysis

Cornerstone Housing North Inc is a registered charity in United States, based in Berlin, NH. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Cornerstone Housing North Inc reported income of $167k and spending of $212k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $164k to $167k (+1.9%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cornerstone Housing North Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within NH. Charities of a similar size with the same main cause include Lathrop Senior Citizens Housing Project Inc ($167k), Hands and Hearts Ending Homelessness ($167k) and Phoenix Homes for Elderly Inc ($167k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% and program service revenue 40% of the total. At year end it held assets of $2.0m against liabilities of $1.9m, net assets of $67k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.