Overview
What is Cornerstone Residential Center No 5 Nfp?
Cornerstone Residential Center No 5 Nfp is a nonprofit organization, headquartered at 777 Joyce Road, Joliet, Illinois 60436. Established with the primary objective of acquiring and managing a federally subsidized housing development, the center is specifically designed to accommodate low-income individuals with disabilities. This residential hall is located in Crest Hill, Illinois. The organization's mission is to provide suitable housing solutions for this particular population segment, thereby contributing to their overall well-being and independence.
Is Cornerstone Residential Center No 5 Nfp legitimate?
Cornerstone Residential Center No 5 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 5 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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What is the mission statement of Cornerstone Residential Center No 5 Nfp?
The Cornerstone Residential Center No 5 Nfp was established with the sole intention of acquiring and managing a federally subsidized housing development. This housing development is specifically designed to accommodate low-income individuals with disabilities. The organization's primary objective is to provide these individuals with a suitable living space. They have successfully constructed a residence hall in Crest Hill, Illinois, serving this purpose effectively. The mission of the Cornerstone Residential Center No 5 Nfp is centered around providing housing opportunities for individuals with disabilities who fall under the low-income category, ensuring they have accessible and affordable housing options.
Who is the CEO of Cornerstone Residential Center No 5 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No 5 Nfp.
What is the revenue of Cornerstone Residential Center No 5 Nfp?
Cornerstone Residential Center No 5 Nfp's revenue in 2022 was -$54,979.
Who are the executives of Cornerstone Residential Center No 5 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 5 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 5 Nfp?
Cornerstone Residential Center No 5 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 5 Nfp
Cornerstone Residential Center No 5 Nfp was established with a singular purpose: to acquire and manage a federally subsidized housing development. This organization is dedicated to providing housing for individuals who fall under the category of low-income persons with disabilities. With a strong commitment to this cause, Cornerstone Residential Center No 5 Nfp successfully constructed a residence hall in Crest Hill, Illinois, specifically designed to accommodate eligible tenants. This mission is a testament to their dedication to making a positive impact in the lives of those in need, ensuring they have a safe and supportive living environment.
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Impact
October, 2024
Cornerstone Residential Center No. 5 has made a significant impact by addressing the critical need for affordable housing for low-income individuals with disabilities in Crest Hill, Illinois. By successfully constructing a residence hall, the organization has created a supportive living environment where tenants can live independently while receiving the assistance they require. This initiative enhances the quality of life for residents, ensuring they have access to safe and stable housing—a fundamental necessity for well-being.
The center plays a crucial role in empowering its residents by providing not just housing, but also fostering a sense of community and belonging among individuals who may often face social isolation. The focus on low-income persons with disabilities highlights the organization’s commitment to inclusivity and equity, ensuring that marginalized groups have access to essential resources. Overall, Cornerstone Residential Center No. 5 significantly contributes to improving the living conditions and social integration of its residents.
This information is meant to be a general summary of Cornerstone Residential Center No 5 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: $63,512
Assets and Liabilities:
- Total Assets: $836,209
- Total Liabilities: $1,103,942
- Net Assets: -$267,733
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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: L20 - Housing
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