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Restan Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 311368099 ✦ Springfield, OH ✦ Designated as a 501(c)(3)

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Overview

What is Restan Corp?

Restan Corp is a nonprofit organization situated in Springfield, Ohio, specifically at 474 N Yellow Springs St. Their primary mission is to provide housing and resources for individuals struggling with mental illness. This includes specialized services tailored to meet their physical, social, and psychological needs, aiming to improve their health, security, happiness, and overall well-being in their daily lives. Restan Corp operates two apartment complexes to facilitate this mission, offering a supportive environment for those in need.

Is Restan Corp legitimate?

Restan Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Restan Corp 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

For more financial information, click here

What is the mission statement of Restan Corp?

Restan Corp's mission is centered around providing housing and resources for individuals struggling with mental illness. The organization aims to cater to their physical, social, and psychological needs, promoting their health, security, happiness, and usefulness in their longer lives. Through specialized services, Restan Corp strives to support these individuals, ultimately enhancing their quality of life. The corporation operates two apartment complexes, offering a living space that accommodates their unique needs.

Who is the CEO of Restan Corp?

Lynn Coressel is the President of Restan Corp.

What is the revenue of Restan Corp?

Restan Corp's revenue in 2023 was $83,112.

Who are the executives of Restan Corp and what are their salaries?


Here are 5 key members and their salaries:


Jill Sokolnicki (President)
  • Compensation: $0
  • Related: $107,282
  • Other: $10,816
Lynn Coressel (Vice President)
  • Compensation: $0
  • Related: $41,240
  • Other: $17,327
Lynn Rowland (Treasurer/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Rigger (Trustee)
  • Compensation: $0
  • Related: $125,955
  • Other: $12,470
Jessica Horton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Restan Corp?

Restan Corp's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Restan Corp

Restan Corp, a nonprofit organization, is devoted to providing housing and resources for individuals grappling with mental illness. Its mission is to offer specialized services that cater to their physical, social, and psychological needs, aiming to promote their health, security, happiness, and usefulness in longer living. The organization strives to create an environment that supports and cares for these individuals, fostering their well-being and enabling them to live fulfilling lives.

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Impact




October, 2024

Restan Corp significantly impacts the community by providing essential housing and resources tailored for individuals with mental illness. By offering dedicated living accommodations in two apartment complexes in Springfield, Ohio, the organization addresses critical needs for physical, social, and psychological support. This commitment not only fosters a safe and stable environment but also promotes the health and well-being of residents.

The services offered by Restan Corp are designed to enhance the quality of life for individuals with mental illness, focusing on their happiness, security, and overall usefulness. By creating a supportive community, Restan Corp empowers residents to thrive and actively participate in society, breaking down barriers often faced by those with mental health challenges. The organization’s work is vital in transforming lives and advocating for the rights and dignity of people living with mental illness.




This information is meant to be a general summary of Restan Corp. 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.

Revenue
$83,112 (2023)
Expenses
$115,246 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $6
  • Program Service Revenue: $79,927
  • Gross Receipts: $83,112

Assets and Liabilities:

  • Total Assets: $414,327
  • Total Liabilities: $48,495
  • Net Assets: $365,832

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME FROM EXE

Revenue

$79,927

Organization Details

Founding Year

1993

Principal Officer

Lynn Coressel

Main Address

474 N YELLOW SPRINGS ST, SPRINGFIELD, OH, 45504

NTEE Category

Code: P80Z - Human services

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