2013-11-14T11:11:44-06:00 2012-12-31 381357951 PLANTE & MORAN PLLC 511 RENAISSANCE DRIVE SUITE 120 STJOSEPH MI 49085 990 2012-01-01 382772476 CORNERSTONE ALLIANCE CORN 2699256100 38 W WALL STREET BENTON HARBOR MI 49022 RONALD F GRIESINGER 2699256100 2013-11-07 1 KENLEY PENNER CPA P00740260 2699828000 2012 2016-02-25 16:41:14Z RONALD F GRIESINGER 38 W WALL STREET BENTON HARBOR MI 49022 3058014 0 X CSTONEALLIANCE.ORG X 1988 MI TO PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THE CITIES OF BENTON HARBOR AND ST. JOSEPH AND THE CHARTER TOWNSHIPS OF BENTON, ST. JOSEPH, LINCOLN, ROYALTON, AND THE VILLAGES OF STEVENSVILLE AND SHOREHAM. 29 29 18 50 0 0 4249830 1580291 1685282 1181860 203864 77841 60840 113809 6199816 2953801 551109 237407 0 0 1254078 1187146 0 0 84978 1651627 1436102 3456814 2860655 2743002 93146 35135200 37478362 5162851 8081738 29972349 29396624 X CREATING INDIVIDUAL OPPORTUNITIES IN WORLD-CLASS COMMUNITIES THROUGH PARTNERSHIPS. THE MISSION OF CORNERSTONE ALLIANCE IS TO GENERATE ECONOMIC GROWTH AND PROMOTE CIVIC DEVELOPMENT IN THE COMMUNITY COMPRISED OF THE CITIES OF BENTON HARBOR AND ST. JOSEPH, THE CHARTER TOWNSHIPS OF BENTON, ST. JOSEPH, LINCOLN AND ROYALTON, AND THE VILLAGES OF STEVENSVILLE AND SHOREHAM. 0 0 1055619 118704 590930 FOSTERING AN ECONOMIC ENVIRONMENT THAT ENCOURAGES GROWTH OF NEW AND EXISTING BUSINESSES. 1055618 118703 590930 CREATING A STABLE ECONOMIC ENVIRONMENT FOR BUSINESS RETENTION. 2111237 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 27 0 1 18 1 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MI X RONALD GRIESINGER 2699256100 38 W WALL STREET BENTON HARBOR MI 49022 JOHN JANICK 1.00 0.00 X X 0 0 0 JIM PETERS 1.00 0.00 X X 0 0 0 JOAN SMITH 1.00 0.00 X X 0 0 0 DAVID SCHAFFER 1.00 0.00 X X 0 0 0 PERRY BALLARD 1.00 0.00 X 0 0 0 CHRIS COOK 1.00 0.00 X 0 0 0 BILL CROWDER 1.00 0.00 X 0 0 0 MARY GOFF 1.00 0.00 X 0 0 0 TED GREEN 1.00 0.00 X 0 0 0 DR ROBERT HARRISON 1.00 0.00 X 0 0 0 CHRIS HEUGEL 1.00 0.00 X 0 0 0 DAVID HOLGATE 1.00 0.00 X 0 0 0 DAN HOPP 1.00 0.00 X 0 0 0 LYNN KELLOGG 1.00 0.00 X 0 0 0 LYNN KERBER 1.00 0.00 X 0 0 0 DAVID KROCK 1.00 0.00 X 0 0 0 PAUL LANDECK 1.00 0.00 X 0 0 0 PHIL MAKI 1.00 0.00 X 0 0 0 JIM MAROHN 1.00 0.00 X 0 0 0 BARBARA MEEKS 1.00 0.00 X 0 0 0 ANNA MURPHY 1.00 0.00 X 0 0 0 GREG O'NIEL 1.00 0.00 X 0 0 0 GREG POWELL 1.00 0.00 X 0 0 0 RANDY REIMERS 1.00 0.00 X 0 0 0 STACEY STEPHENS 1.00 0.00 X 0 0 0 NORMA TIRADO 1.00 0.00 X 0 0 0 RICK VILLA 1.00 0.00 X 0 0 0 BARRY VISEL 1.00 0.00 X 0 0 0 LARRY WEBER 1.00 0.00 X 0 0 0 LEN AMAT 1.00 0.00 X 0 0 0 JEFF HANNAN 1.00 0.00 X 0 0 0 DR LOREN HAMEL 1.00 0.00 X 0 0 0 KEN KOZMINSKI 1.00 0.00 X 0 0 0 RICHARD MARSH 1.00 0.00 X 0 0 0 RONALD GRIESINGER 40.00 10.00 X 92109 0 15459 WENDY DANT CHESSER 40.00 5.00 X 141066 0 16768 GREG VAUGHN 40.00 35.00 X 103240 0 9968 336415 0 42195 2 0 1 0 CPM CONSTRUCTION INC 2560 SOUTH CLEVELAND AVENUE ST JOSEPH MI 49085 CONSTRUCTION 225822 DEVELOPMENT COUNSELLORS INTERNATIONAL 215 PARK AVENUE SOUTH 10TH FLOOR NEW YORK NY 10003 MARKETING 103199 2 141795 1438496 1580291 PROGRAM RENTAL INCOME 532000 595120 595120 REIMBURSEMENTS FOR PRO 900099 264547 264547 DEVELOPER FEES 900099 192414 192414 OTHER PROGRAM INCOME 900099 125099 125099 PROGRAM LOAN INTEREST 900099 4680 4680 1181860 2054 2054 180000 104213 75787 75787 75787 113809 113809 113809 2953801 1181860 0 191650 X 237407 237407 265402 132701 106161 26540 723229 581080 128251 13898 13080 10147 2585 348 109171 74027 33364 1780 76264 55633 17664 2967 18217 11502 6715 106325 106325 311265 243130 33416 34719 194906 191611 3295 29116 27203 1723 190 18348 17348 1000 49655 42314 7341 50640 33554 13142 3944 66070 66070 57792 34674 23118 74227 42058 32169 PROPERTY TAXES 170698 165610 5088 REPAIR AND MAINTENANCE 122575 31605 90970 UTILITIES 57431 35471 21960 MATERIALS AND SUPPLIES 40666 26156 13965 545 68171 51936 16188 47 2860655 2111237 664440 84978 395 389 1221012 822339 3167141 694427 698830 824709 75172 174386 118000 59862 10100127 680150 3884208 9419977 25970442 25482273 35135200 37478362 1054486 1003327 4108365 7078411 5162851 8081738 X 26731061 28649734 3241288 746890 29972349 29396624 35135200 37478362 X 93146 -668871 X X 0 1 X 1 0 X 2234475 5094950 2623861 1819830 1580291 13353407 2234475 5094950 2623861 1819830 1580291 13353407 8517110 4836297 21975 6142 4661 4446 2054 39278 113809 113809 13506494 8624051 0.35810 0.35450 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 113,809. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2055017 2055017 5036053 571975 4464078 124854 108175 16679 2884203 2884203 9419977 PROPERTY HELD FOR SALE 25482273 25482273 X 3121285 167484 167484 2953801 0 2953801 3697010 167484 668871 836355 2860655 0 2860655 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: CORNERSTONE ALLIANCE QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS, THEREFORE, NOT SUBJECT TO FEDERAL AND STATE INCOME TAXES. ACCORDINGLY, CONTRIBUTIONS TO CORNERSTONE ALLIANCE ARE DEDUCTIBLE BY THE DONOR FOR FEDERAL INCOME TAX PURPOSES. THE WHOLLY OWNED LLCS ARE DISREGARDED ENTITIES FOR TAX PURPOSES AND ARE COMBINED WITH THE TAX-EXEMPT ORGANIZATION. THE LLCS WITH PARTIAL OWNERSHIP ARE TREATED AS PARTNERSHIPS FOR TAX PURPOSES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2012 AND 2011, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2009. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON PROPERTY HELD FOR SALE 668,871. 1 CONSORTIUM FOR COMMUNITY DEVELOPMENT 38 W WALL STREET BENTON HARBOR MI 49022 383363013 501(C)(3) 150003 TO SUPPORT CITY INITIATIVES CITY OF ST JOSEPH 700 BROAD STREET ST JOSEPH MI 49085 386004649 GOVERNMENTAL 55000 GRANT FOR PUBLIC ART WNIT PUBLIC TELEVISION 300 WEST JEFFERSON SOUTH BEND IN 46601 351155594 501(C)(3) 5000 TO SUPPORT HARBOR LIGHTS PROJECT 3 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION PROVIDES FUNDS TO ENCOURAGE THE ECONOMIC GROWTH OF THE SERVICE INDUSTRY. THE USE OF THE FUNDS IS CLOSELY MONITORED THROUGH A REVIEW OF FINANCIAL INFORMATION PROVIDED AND THE OVERALL GROWTH OF THE SERVICE INDUSTRY. X X X X 0 0 0 0 0 0 0 0 0 WENDY DANT CHESSER 141066 0 0 0 0 0 0 0 16768 0 157834 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 MANAGEMENT OF THE ORGANIZATION EMAILED A DRAFT COPY OF THE FORM 990 TO ALL BOARD MEMBERS FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY IS MONITORED THROUGH THE COMPLETION OF ANNUAL QUESTIONNAIRES BY STAFF MEMBERS AND THE ANNUAL REVIEW OF THE FORM 990 BY BOARD MEMBERS. IF A CONFLICT ARISES THE AFFECTED BOARD MEMBER WILL ABSTAIN FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE PRESIDENT/CEO IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE. THE COMPENSATION FOR THE REMAINING OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE PRESIDENT/CEO. THE MOST RECENT YEAR FOR THIS EVALUATION WAS 2012. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE ON THE GUIDESTAR.ORG WEBSITE AND IS AVAILABLE UPON REQUEST FROM THE CORNERSTONE ALLIANCE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FROM THE CORNERSTONE ALLIANCE OFFICE. OTHER FEES FORM 990, PART IX, LINE 11G OTHER EXPENSES: PROGRAM SERVICE EXPENSES 243,130. MANAGEMENT AND GENERAL EXPENSES 33,416. FUNDRAISING EXPENSES 34,719. TOTAL EXPENSES 311,265. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON PROPERTY HELD FOR SALE -668,871. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT AND SELECTION PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. RENAISSANCE DEVELOPMENT LAND COMPANY LLC 38 W WALL STREET BENTON HARBOR MI 49022 383363404 REAL ESTATE DEVELOPMENT MI 561916 1655137 CORNERSTONE ALLIANCE CORNERSTONE SAND CREEK DEVELOPMENT CO LLC 38 W WALL STREET BENTON HARBOR MI 49022 382772476 REAL ESTATE DEVELOPMENT MI 0 0 CORNERSTONE ALLIANCE CORNERSTONE HOPE VI LLC 38 W WALL STREET BENTON HARBOR MI 49022 REAL ESTATE DEVELOPMENT MI 141314 0 CORNERSTONE ALLIANCE RENAISSANCE DEVELOPMENT FUND 38 WEST WALL STREET BENTON HARBOR MI 49022 383367429 DEVELOPING ECONOMIC ACTIVITIES TO SUPPORT CORNERSTONE ALLIANCE MI 501(C)(3) LINE 11A, I N/A 1 HARBOR SHORES HV CONSTRUCTION LLC 301 STATE STREET STJOSEPH MI 49085 205488160 REAL ESTATE DEVELOPMENT MI N/A HARBOR SHORES BHBT LAND DEVELOPMENT LLC 301 STATE STREET STJOSEPH MI 49085 205488037 REAL ESTATE DEVELOPMENT MI N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 RENAISSANCE DEVELOPMENT FUND P 46571 CASH PAYMENTS