Overview
What is Cornerstone Residential Center No 7 Nfp?
Cornerstone Residential Center No 7 Nfp is a nonprofit organization situated in Joliet, Illinois. Its primary mission is to provide a residential facility for low-income individuals with disabilities, who are considered eligible tenants. The organization was incorporated specifically for the purpose of acquiring and managing a federally subsidized housing development in Joliet, with the aim of offering affordable housing to this specific demographic. The organization has successfully constructed such a residence, thereby fulfilling its mission of providing a safe and supportive living environment for individuals with disabilities.
Is Cornerstone Residential Center No 7 Nfp legitimate?
Cornerstone Residential Center No 7 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 7 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 7 Nfp?
The Cornerstone Residential Center No 7 Nfp was established with a specific purpose: to acquire and manage a federally subsidized housing development. This development is intended for low-income individuals with disabilities, providing them with a suitable living space. The organization has successfully constructed a residence in this regard, catering to the housing needs of this specific demographic. In essence, the mission of Cornerstone Residential Center No 7 Nfp is centered around empowering individuals with disabilities by providing them with affordable housing opportunities.
Who is the CEO of Cornerstone Residential Center No 7 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No 7 Nfp.
What is the revenue of Cornerstone Residential Center No 7 Nfp?
Cornerstone Residential Center No 7 Nfp's revenue in 2022 was -$88,337.
Who are the executives of Cornerstone Residential Center No 7 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 7 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 7 Nfp?
Cornerstone Residential Center No 7 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 7 Nfp
Cornerstone Residential Center No 7 Nfp was established with a specific mission in mind. This nonprofit organization was incorporated for the sole purpose of acquiring and operating a federally subsidized housing development. The intended residents of this development are low-income individuals with disabilities. By providing suitable housing for this group, Cornerstone Residential Center No 7 Nfp aims to make a significant impact in their lives. The organization has successfully fulfilled its mission by constructing a residence in Joliet, Illinois, tailored to the needs of eligible low-income individuals with disabilities. This housing development serves as a safe and supportive living environment, providing these individuals with the opportunity to live independently with the necessary support.
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Impact
October, 2024
Cornerstone Residential Center No 7 Nfp plays a pivotal role in providing safe and affordable housing for low-income individuals with disabilities in Joliet, Illinois. By successfully developing a federally subsidized housing facility, it addresses a critical need in the community, ensuring that vulnerable populations have access to stable living conditions. This initiative not only fosters independence for its residents but also contributes to enhancing their quality of life by offering them a secure environment where they can thrive. Furthermore, the center's existence aids in reducing the challenges faced by disabled individuals in securing decent housing, thereby supporting their overall well-being and integration into the community. Through its dedicated mission, Cornerstone Residential Center No 7 Nfp serves as a vital resource that promotes inclusivity and opportunity for individuals who might otherwise struggle to find suitable accommodations.
This information is meant to be a general summary of Cornerstone Residential Center No 7 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: $8
- Gross Receipts: $72,729
Assets and Liabilities:
- Total Assets: $1,644,563
- Total Liabilities: $1,968,584
- Net Assets: -$324,021
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Organization Details
Founding Year
2010
Phone
(815) 727-6666Principal Officer
Benjamin T Stortz
Main Address
777 JOYCE ROAD, JOLIET, IL, 60436
NTEE Category
Code: L99 - Housing
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