Cornerstone Housing
Cornerstone Housing Ltd is a South Australian not-for-profit community housing provider managing nearly 600 properties and 510 tenancies across community, affordable, supported, and essential-worker housing programs for low-income individuals, families, and key workers.
- Company typePrivate
- Founded1992
- HeadquartersSaint Peters, Australia
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Cornerstone Housing does
Cornerstone Housing Ltd is a South Australian not-for-profit community housing provider established in 1992 (originally as the Lutheran Community Housing Support Unit) that delivers affordable, supported, and essential-worker housing through a portfolio of nearly 600 properties across metropolitan Adelaide and regional South Australia. It serves 510 active tenancies across four core programs — Community Housing for low-to-moderate income households, Affordable Housing capped at 30% of household income, Supported Housing for customers with complex needs engaged through the SA Homelessness Alliance or Domestic and Family Violence Alliance, and a privately funded Essential Worker Housing program targeting nurses, aged care workers, disability support workers, teachers, and emergency responders. Rent is calculated on household income and reviewed semi-annually, with an average weekly rent of A$249.
The organization operates on a diversified revenue model combining tenant rent, tax-deductible donations and bequests, and a property management service for private landlords whose proceeds cross-subsidize the affordable housing mission. Cornerstone is regulated under the National Regulatory System for Community Housing, registered as a charity with the ACNC and ATO, and licensed as a real estate agency. Distribution runs through the SA Government Single Housing Register, through alliance partners for supported tenancies, and through direct landlord outreach. Operational scale is modest — 16 staff, 1,220 repair requests processed in the latest period, and 42 new tenancies added — with an active development pipeline seeking joint venture partnerships with landowners and builders to respond to South Australia's housing crisis. Tech infrastructure is limited to standard property management systems; no proprietary platform, AI capability, or external API is disclosed.
Cornerstone Housing firmographics
Firmographics- Name
- Cornerstone Housing
- Legal name
- Cornerstone Housing Ltd
- Website
- https://cornerstonehousing.com.au
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cornerstone Housing Ltd is a South Australian not-for-profit community housing provider managing nearly 600 properties and 510 tenancies across community, affordable, supported, and essential-worker housing programs for low-income individuals, families, and key workers.
- Ownership category
- akta.pro rank
Cornerstone Housing industry classification
Industry- Product category
- Community Housing Services
- NAICS
- Other Community Housing Services (624229)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Services-Social Services (8300)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
- akta.pro secondary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
Keywords
Where Cornerstone Housing is headquartered
LocationHeadquarters
- HQ city
- Saint Peters
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Cornerstone Housing business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Tenant Rent: Rental income from approximately 510 tenancies across community housing, affordable housing, supported housing, and essential worker housing programs. Rent is calculated based on income and housing type, reviewed twice yearly.
- Donations and Fundraising: Tax-deductible donations to support tenants doing it tough, including hampers, chaplaincy services, and practical assistance. Accepts fundraising events and physical challenges.
- Property Management Services: Professional property management services for landlords. As a not-for-profit, proceeds go directly toward funding affordable housing initiatives. Competitive rates offered.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Pay-as-you-go | Income-Based Rent |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Cornerstone Housing product offering
Product offeringCore offering
Cornerstone Housing Ltd is a not-for-profit community housing provider that manages nearly 600 properties across metropolitan Adelaide and regional South Australia, delivering affordable rental housing through community, affordable, supported, and essential worker housing programs. The organisation also offers property management services for private landlords, with proceeds directed toward funding affordable housing initiatives. Tenant support services include chaplaincy, hampers, and practical assistance for vulnerable residents.
Product overview
Cornerstone Housing operates as a single, unified affordable housing service providing multiple housing programs through a portfolio of nearly 600 properties across metropolitan Adelaide and regional South Australia. The core offerings include Community Housing, Affordable Housing, Supported Housing (Homelessness Supportive Housing Program), and Essential Worker Housing, each addressing different demographic needs. Additionally, the organization offers property management services for landlords. All programs are delivered through their operational infrastructure and tenant services platform, with no modular product architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- Community Housing
- Affordable Housing
- Supported Housing (Homelessness Supportive Housing Program)
- Essential Worker Housing
- Property Management Services
Quantifiable outcome
- 510 tenancies managed
- +3 more outcomes
Companies that use Cornerstone Housing
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Cornerstone Housing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cornerstone Housing partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- SA GovernmentcorePartnership through the Single Housing Register. Prospective tenants must register with SA Government before they can register interest with Cornerstone Housing. Coordinates housing registrations and waitlist management.
- SA Housing TrustcoreRegulatory oversight and partnership for homelessness support programs. Cornerstone reports critical client incidents to SA Housing Authority. Supported housing program coordination.
- National Disability Insurance Scheme (NDIS)coreProvider of Specialist Disability Accommodation (SDA) housing. Cornerstone manages NDIS SDA properties with specific tenant rights and incident reporting requirements to NDIS Commission.
- Community Housing Industry Association of SA (CHIA SA)minorIndustry association for community housing providers in South Australia. Cornerstone refers tenants for more information about community housing.
- Corporate Partners and SponsorsminorSouth Australian businesses providing goods, services, gift vouchers, food, or donations to support tenants. Corporate sponsorships may include advertising rights. Joint venture partnerships sought from land owners, property developers, or builders.
- SA Homelessness Alliance ProviderscoreAlliance providers that manage case coordination for customers in the Homelessness Supportive Housing Program. Customers must be engaged with these providers to access supported housing.
- Domestic and Family Violence Alliance ProviderscoreAlliance providers that manage case coordination for domestic violence survivors accessing the Homelessness Supportive Housing Program.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Cornerstone Housing competitors and assessment
Company assessmentDirect peers
- Bridge Housing: NFP community housing provider in NSW delivering affordable rental housing and support services. Comparable for affordable and supported housing programs, income-based rent, and tenancy support model.
- Housing Choices Australia: National community housing provider offering affordable rental housing, disability accommodation, and tenancy support. Comparable for affordable housing, NDIS SDA, and government-funded tenancy services.
- Launch Housing: Specialist homelessness and community housing provider. Comparable for supported housing, homelessness programs, and tenancy support for vulnerable populations.
- Unity Housing Company: South Australia-based community housing provider offering affordable rental housing and tenancy support. Most directly comparable peer given shared SA geography, community housing focus, and similar mission-driven model.
- Haven; Home, Safe: NFP community housing and homelessness provider based in Victoria. Comparable for affordable housing portfolio, homelessness support, and tenancy sustainment services.
- Community Housing Limited: Large national Tier 1 community housing provider delivering affordable rental housing and tenancy support across multiple states. Comparable in mission, NRSCH registration, and multi-state community housing delivery.
- BlueCHP Limited: NFP community housing provider focused on affordable rental housing and specialist disability accommodation. Comparable for affordable housing mandate, NDIS SDA, and NRSCH-regulated operations.
Broad incumbents
- Mission Australia Housing: Major national NFP providing social housing alongside broader homelessness and community services. Comparable for supported housing and homelessness programs; broader scope than Cornerstone.
Regional players
- UnitingSA: South Australian NFP providing housing, aged care, and community services. Comparable for SA geography, affordable and supported housing programs, and faith-affiliated heritage.
- CatholicCare SA: South Australia-based faith-affiliated NFP providing community and social services including housing support. Comparable for faith-based mission, regional (SA) footprint, and vulnerable population focus.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cornerstone Housing social profiles
Digital presenceCornerstone Housing compliance and trust
Trust signalCompliance4 records
Cornerstone Housing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cornerstone Housing leadership team
Management profileNumber of profiles
Cornerstone Housing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cornerstone Housing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cornerstone Housing
What does Cornerstone Housing do?
Cornerstone Housing Ltd is a not-for-profit community housing provider that manages nearly 600 properties across metropolitan Adelaide and regional South Australia, delivering affordable rental housing through community, affordable, supported, and essential worker housing programs. The organisation also offers property management services for private landlords, with proceeds directed toward funding affordable housing initiatives. Tenant support services include chaplaincy, hampers, and practical assistance for vulnerable residents.
Is Cornerstone Housing a public or private company?
Cornerstone Housing is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Cornerstone Housing founded?
Cornerstone Housing was founded in 1992. It employs 11 to 50 people.
Where is Cornerstone Housing based?
Cornerstone Housing is headquartered in Saint Peters, Australia, in the Oceania region.
How does Cornerstone Housing make money?
Three revenue lines are on record. Tenant Rent is the primary driver. The others are donations and Fundraising and property Management Services.
Who are Cornerstone Housing's main competitors?
Direct peers on record are Bridge Housing, Housing Choices Australia, Launch Housing, Unity Housing Company, Haven; Home, Safe, Community Housing Limited and BlueCHP Limited. Mission Australia Housing is listed as a broad incumbent. Regional players are UnitingSA and CatholicCare SA.
Does Cornerstone Housing have an API?
No public API is recorded for Cornerstone Housing.
What industry is Cornerstone Housing in?
Cornerstone Housing's product category is Community Housing Services. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management, with a secondary code of BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts). Its NAICS code is 624229 and its SIC code is 6531.