Cornerstone Assisted Living
Also known as See Schedule O
Cornerstone Assisted Living reported $16.7 million in revenue and $16.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $78.62 went to program services, $21.38 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 97.3% of the total. The highest compensation it reported for one person was $1,599,602 (SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR). 3 people received more than $100,000 in reportable compensation. Revenue rose 27% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $17MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.6% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.4% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 97.3% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,599,602 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 9.48% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 3 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 2.1 | 6.9 |
| Independent voting board members Part VI 1a–1b | 0 of 5 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe filing organization is a part of the ascension catholic health ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. Cornerstone Assisted Living, inc. (cal), inspired by the healing mission of the catholic church to the elderly, maximizes dignity and independence of the residents they serve. Rooted in the catholic tradition of caring, as a corporate member of ascension living, our community is continually developing and adopting new best practices in care that enhance the experience of…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR Director/trustee, officer, 0.0 hrs/week | $0 | $1,543,510 | $56,092 | $1,599,602 |
| DIRECTOR/VP POST ACUTE CONTINUING CARE & AT HOME SERVICES Director/trustee, officer, 0.0 hrs/week | $0 | $584,606 | $52,177 | $636,783 |
| VP POST ACUTE & AT-HOME SERVICES & CEO/SECRETARY Director/trustee, officer, 0.0 hrs/week | $0 | $569,568 | $52,831 | $622,399 |
| AVP OF FINANCE, ASCENSION LIVING/TREASURER Director/trustee, officer, 0.0 hrs/week | $0 | $360,487 | $39,771 | $400,258 |
| DIRECTOR/CHIEF MISSION INTEGRATION OFFICER Director/trustee, 0.0 hrs/week | $0 | $335,796 | $31,147 | $366,943 |
| FORMER BOARD OFFICER (END 12/2023) Former, 0.0 hrs/week | $0 | $242,658 | $4,896 | $247,554 |
| FORMER OFFICER (END 8/2023) Former, 0.0 hrs/week | $0 | $220,260 | $0 | $220,260 |
| DIRECTOR OF NURSING Highest compensated employee, 50.0 hrs/week | $124,029 | $0 | $34,968 | $158,997 |
3 people received more than $100,000 in reportable compensation from Cornerstone Assisted Living (Part VII, line 2). Compensation of current officers, directors and key employees totaled $157K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b5 · 0 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5212
Correct a figure or respond
Every number above is copied from Cornerstone Assisted Living's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Cornerstone Assisted Living, you can publish a response that is linked from this page.
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Of every $100 Cornerstone Assisted Living spent in FY2025, $78.62 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Cornerstone Assisted Living's spending goes to programs?
In the fiscal year ending June 30, 2025, Cornerstone Assisted Living reported that 78.6% of its $16.9 million in expenses went to program services, 21.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Cornerstone Assisted Living pay its top executive?
The largest total compensation Cornerstone Assisted Living reported for one person in the fiscal year ending June 30, 2025 was $1,599,602, for the role of SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Cornerstone Assisted Living get its money?
Of $16.7 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 97.3% from program service revenue (Form 990, Part VIII).
Is Cornerstone Assisted Living a registered charity?
The IRS lists EIN 48-1241079 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611349349307896 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349300821 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401329349300600 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311339349300941 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241349349301999 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141349349303619 · read the filing
All filings for EIN 48-1241079: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.