Overview
What is Cornerstone Residential Center No 3 Nfp?
Cornerstone Residential Center No 3 Nfp is a nonprofit organization, headquartered in Joliet, Illinois, with a specific focus on supporting low-income individuals with disabilities. They have constructed a residence in Crest Hill, Illinois, with the primary goal of providing housing for those eligible individuals. This organization was established with the sole intention of acquiring and managing a federally subsidized housing development, catering to individuals with disabilities who fall under the low-income category. The mission of Cornerstone Residential Center No 3 Nfp is to offer a suitable living environment for these individuals, ensuring they have access to necessary housing resources.
Is Cornerstone Residential Center No 3 Nfp legitimate?
Cornerstone Residential Center No 3 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 3 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
For more financial information, click here
What is the mission statement of Cornerstone Residential Center No 3 Nfp?
The organization, Cornerstone Residential Center No 3 Nfp, was established with the primary objective of acquiring and operating a federally subsidized housing development. This development is intended for low-income individuals with disabilities. The center's mission is to provide housing for this specific group of individuals, ensuring they have a suitable living space. After successful construction, Cornerstone Residential Center No 3 Nfp has successfully established a residence in Crest Hill, Illinois, catering to the housing needs of eligible, low-income individuals with disabilities.
Who is the CEO of Cornerstone Residential Center No 3 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No 3 Nfp.
What is the revenue of Cornerstone Residential Center No 3 Nfp?
Cornerstone Residential Center No 3 Nfp's revenue in 2022 was -$25,180.
Who are the executives of Cornerstone Residential Center No 3 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 3 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 No 3 Nfp?
Cornerstone Residential Center No 3 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 3 Nfp
Cornerstone Residential Center No 3 Nfp was established with a specific objective. This nonprofit organization was incorporated with the sole intention of acquiring and operating a federally subsidized housing development. The target demographic for this housing development are low-income individuals with disabilities. The center's mission is to provide these individuals with a residence that caters to their unique needs.
Having fulfilled its mission of acquiring and operating a residence, Cornerstone Residential Center No 3 Nfp now stands as a beacon of support for this often overlooked population. The center has successfully constructed a residence in Crest Hill, Illinois, specifically designed to accommodate the needs of eligible low-income persons with disabilities. This housing development serves as a safe and inclusive space for these individuals, offering them a place to call home.
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Impact
October, 2024
Cornerstone Residential Center No 3 Nfp plays a crucial role in providing affordable housing solutions for eligible low-income individuals with disabilities in Crest Hill, Illinois. By establishing a federally subsidized housing development, the organization addresses the significant need for safe and accessible living environments for this vulnerable population.
The impact of Cornerstone Residential Center No 3 extends beyond mere housing; it fosters an inclusive community where residents can enjoy stability and independence. By creating a supportive living environment, the organization enhances the quality of life for residents, enabling them to thrive and integrate more fully into the community.
Moreover, the development contributes to the local economy by generating jobs during construction and providing ongoing employment opportunities for staff. It also promotes social equity by ensuring that individuals with disabilities have access to housing options that are often limited due to financial constraints.
Overall, Cornerstone Residential Center No 3 is instrumental in not just meeting housing needs but also empowering individuals with disabilities, fostering community ties, and contributing positively to the local economy.
This information is meant to be a general summary of Cornerstone Residential Center No 3 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: $5
- Gross Receipts: $57,617
Assets and Liabilities:
- Total Assets: $471,184
- Total Liabilities: $631,342
- Net Assets: -$160,158
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Organization Details
Founding Year
2007
Phone
(815) 727-6666Principal Officer
Benjamin T Stortz
Main Address
777 JOYCE ROAD, JOLIET, IL, 60436
NTEE Category
Code: L20 - Housing
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