Overview
What is Cornerstone Residential Center No 4 Nfp?
Cornerstone Residential Center No 4 Nfp is a nonprofit organization established in Joliet, Illinois. Their primary mission is to provide a suitable residence for individuals with disabilities who fall under the low-income category. They have achieved this by constructing a building specifically designed for this purpose. The organization's operations are focused on managing a federally subsidized development, ensuring that eligible tenants can reside comfortably within this facility.
Is Cornerstone Residential Center No 4 Nfp legitimate?
Cornerstone Residential Center No 4 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 4 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Cornerstone Residential Center No 4 Nfp?
The Cornerstone Residential Center No 4 Nfp was established for a specific purpose: to acquire and operate a federally subsidized housing development. This development is intended for low-income individuals with disabilities. The organization's mission is centered around providing housing for this particular demographic, aiming to make a positive impact on their lives. After successful construction, the center in Joliet, Illinois, was established to fulfill this mission, offering housing solutions for eligible individuals with disabilities.
Who is the CEO of Cornerstone Residential Center No 4 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No 4 Nfp.
What is the revenue of Cornerstone Residential Center No 4 Nfp?
Cornerstone Residential Center No 4 Nfp's revenue in 2022 was -$20,288.
Who are the executives of Cornerstone Residential Center No 4 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 4 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 4 Nfp?
Cornerstone Residential Center No 4 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 4 Nfp
Cornerstone Residential Center No 4 Nfp was established with a clear mission. This nonprofit organization was incorporated with the sole purpose of acquiring and operating a federally subsidized development. The intended residents of this development are low-income individuals with disabilities. The center's objective is to provide them with a suitable living space, recognizing their unique needs and circumstances. The organization has successfully built a residence in Joliet, Illinois, specifically designed for this group of individuals, aiming to enhance their quality of life.
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Impact
October, 2024
Cornerstone Residential Center No 4 Nfp plays a crucial role in enhancing the quality of life for eligible low-income individuals with disabilities in Joliet, Illinois. By successfully establishing a residence specifically designed for this demographic, it provides safe and accessible housing that meets their unique needs. This initiative not only alleviates housing insecurity among a vulnerable population but also fosters a sense of community and belonging.
The center creates an environment where residents can thrive, offering them the stability necessary for personal growth and independence. By ensuring that low-income persons with disabilities have access to affordable housing, Cornerstone contributes significantly to their overall well-being and dignity, allowing them to live more fulfilling lives with greater autonomy. The impact extends beyond individual residents, as the center also strengthens the community by promoting inclusivity and support for those facing economic and social challenges.
This information is meant to be a general summary of Cornerstone Residential Center No 4 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: $10
- Gross Receipts: $59,574
Assets and Liabilities:
- Total Assets: $536,614
- Total Liabilities: $630,579
- Net Assets: -$93,965
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Organization Details
Founding Year
2008
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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