Overview
What is Cornerstone Residential Center No 6 Nfp?
Cornerstone Residential Center No 6 Nfp is a nonprofit organization established in Joliet, Illinois, with an additional presence in Crest Hill, Illinois. Their primary mission is to provide housing solutions for eligible, low-income individuals with disabilities. By incorporating and operating federally subsidized housing developments in these locations, they aim to offer a safe and supportive living environment. The organization has successfully constructed a residence in Joliet and two residences in Crest Hill, catering to this specific demographic. Their efforts contribute to enhancing the quality of life for individuals with disabilities by providing them with secure and affordable housing options.
Is Cornerstone Residential Center No 6 Nfp legitimate?
Cornerstone Residential Center No 6 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 6 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 6 Nfp?
Cornerstone Residential Center No 6 Nfp was established with the sole intent of obtaining and managing federally subsidized housing developments. The primary goal of this organization is to provide housing for low-income individuals with disabilities, specifically in Joliet and Crest Hill, Illinois. They have successfully constructed a residence in Joliet and two residences in Crest Hill, specifically for these eligible individuals. The mission of Cornerstone Residential Center No 6 Nfp is to contribute to the housing needs of the disabled community by offering subsidized housing solutions. The organization's activities focus on ensuring that low-income individuals with disabilities have access to safe and affordable living environments.
Who is the CEO of Cornerstone Residential Center No 6 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No 6 Nfp.
What is the revenue of Cornerstone Residential Center No 6 Nfp?
Cornerstone Residential Center No 6 Nfp's revenue in 2022 was -$51,212.
Who are the executives of Cornerstone Residential Center No 6 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 6 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 6 Nfp?
Cornerstone Residential Center No 6 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 6 Nfp
Cornerstone Residential Center No 6 Nfp was established with a singular purpose: to acquire and manage federally subsidized housing developments. This organization is dedicated to providing accommodation for individuals who fall into a specific category - low-income persons with disabilities. By constructing residences in Joliet and Crest Hill, Illinois, Cornerstone Residential Center No 6 Nfp has successfully expanded its housing options, catering to the needs of this particular demographic. The mission of Cornerstone Residential Center No 6 Nfp is to create a welcoming and supportive living environment for these individuals, ensuring they have access to affordable housing that meets their unique needs.
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Impact
October, 2024
Cornerstone Residential Center No 6 Nfp plays a crucial role in addressing housing needs for low-income individuals with disabilities in Joliet and Crest Hill, Illinois. By acquiring and operating federally subsidized housing developments, the organization creates safe and accessible living environments that cater specifically to this underserved population.
The successful establishment of residences in both Joliet and Crest Hill has provided essential housing resources, ensuring that eligible tenants have access to stable and affordable accommodations. This not only improves their quality of life but also fosters community integration and support. By focusing on this demographic, Cornerstone contributes to reducing homelessness and alleviating housing insecurity among individuals facing both economic and physical challenges, thereby enhancing their overall well-being and independence.
This information is meant to be a general summary of Cornerstone Residential Center No 6 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: $11
- Gross Receipts: $80,319
Assets and Liabilities:
- Total Assets: $1,090,240
- Total Liabilities: $1,317,110
- Net Assets: -$226,870
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Organization Details
Founding Year
2009
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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