Overview
What is Cornerstone Residential Center No1 Nfp?
Cornerstone Residential Center No1 Nfp is a nonprofit organization established in Joliet, Illinois. Its primary objective is to provide housing for eligible, low-income individuals with disabilities. The organization has successfully constructed a residence for this purpose, operating under federal subsidies. Their mission is centered around supporting this specific demographic, offering them a suitable living environment. The organization's activities revolve around managing and operating this federally subsidized housing development in Joliet, Illinois.
Is Cornerstone Residential Center No1 Nfp legitimate?
Cornerstone Residential Center No1 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No1 Nfp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cornerstone Residential Center No1 Nfp?
The organization, Cornerstone Residential Center No1 Nfp, was established with the primary goal of acquiring and managing a federally subsidized housing development. This development is intended for low-income individuals with disabilities, who are eligible to reside there. The organization's mission is centered around providing housing solutions for this specific group of people, aiming to enhance their living conditions. Following its incorporation, Cornerstone Residential Center No1 Nfp successfully constructed a residence in Joliet, Illinois, specifically designed for eligible low-income individuals with disabilities.
Who is the CEO of Cornerstone Residential Center No1 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No1 Nfp.
What is the revenue of Cornerstone Residential Center No1 Nfp?
Cornerstone Residential Center No1 Nfp's revenue in 2022 was -$29,718.
Who are the executives of Cornerstone Residential Center No1 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No1 Nfp.
Here are 8 key members and their salaries:
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- Related: $228,830
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Where can I find the form 990 for Cornerstone Residential Center No1 Nfp?
Cornerstone Residential Center No1 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No1 Nfp
Cornerstone Residential Center No1 Nfp was established with a singular purpose: to acquire and operate a federally subsidized housing development. This organization is dedicated to providing homes for individuals who fall under the category of low-income persons with disabilities. By constructing a residence in Joliet, Illinois, Cornerstone Residential Center No1 Nfp has fulfilled its mission of offering a safe and supportive living environment for those in need. The organization's focus on low-income individuals with disabilities sets it apart, ensuring that these vulnerable members of society have access to affordable and suitable housing.
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Impact
October, 2024
Cornerstone Residential Center No1 Nfp has made a significant impact by providing essential housing for low-income individuals with disabilities in Joliet, Illinois. By successfully establishing a federally subsidized housing development, the organization addresses the critical need for accessible and affordable living spaces for those who might otherwise struggle to find suitable accommodations. This initiative not only enhances the quality of life for its residents by offering them stability and security but also fosters a sense of community and belonging. The center plays a vital role in promoting independence and dignity for individuals with disabilities, ensuring they have a place to call home. By meeting housing needs, Cornerstone contributes to the overall well-being and integration of these individuals within the broader community.
This information is meant to be a general summary of Cornerstone Residential Center No1 Nfp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6
- Gross Receipts: $47,371
Assets and Liabilities:
- Total Assets: $389,673
- Total Liabilities: $646,888
- Net Assets: -$257,215
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Organization Details
Founding Year
2004
Phone
(815) 727-6666Principal Officer
Benjamin T Stortz
Main Address
777 JOYCE ROAD, JOLIET, IL, 60436
NTEE Category
Code: L21 - Housing
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