Overview
What is Cornerstonest Luke's Inc?
Cornerstonest Luke's Inc, situated in New York, New York, is a dedicated nonprofit organization. Its primary mission is to contribute to the provision of affordable housing for low-income families. They accomplish this by acquiring, developing, owning, and managing properties, ensuring that a substantial number of 216 units are made available for this purpose. Their work aims to provide a much-needed solution to housing affordability challenges faced by many families in the community.
Is Cornerstonest Luke's Inc legitimate?
Cornerstonest Luke's Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstonest Luke's Inc 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 Cornerstonest Luke's Inc?
Cornerstone Luke's Inc, as an organization, is committed to providing affordable housing for low-income families. Their mission includes the acquisition, development, ownership, and operation of such housing units. This endeavor aims to contribute significantly by offering 216 units of low-income housing, thereby providing a much-needed living solution for those in financial need.
Who is the CEO of Cornerstonest Luke's Inc?
Richard Burns is the Board Member / President of Cornerstonest Luke's Inc.
What is the revenue of Cornerstonest Luke's Inc?
Cornerstonest Luke's Inc's revenue in 2022 was $328,320.
Who are the executives of Cornerstonest Luke's Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $250,541
- Other: $19,908
- Compensation: $0
- Related: $698,152
- Other: $16,990
- Compensation: $0
- Related: $216,079
- Other: $35,979
- Compensation: $0
- Related: $274,039
- Other: $26,944
- Compensation: $0
- Related: $259,615
- Other: $15,841
- Compensation: $0
- Related: $396,590
- Other: $0
- Compensation: $0
- Related: $452,781
- Other: $32,145
Where can I find the form 990 for Cornerstonest Luke's Inc?
Cornerstonest Luke's Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstonest Luke's Inc
CornerstoneLuke's Inc is a nonprofit organization dedicated to addressing the housing needs of low-income families. Their primary mission is to acquire, develop, own, and operate affordable housing units. This mission is a crucial step towards providing a stable living environment for families who may otherwise struggle with housing affordability. By managing the acquisition, development, and operation of these housing units, CornerstoneLuke's Inc is able to contribute to the well-being of their community and ensure that low-income families have access to safe and affordable housing.
In practice, CornerstoneLuke's Inc has demonstrated its commitment by providing 216 units of low-income housing. This significant contribution goes a long way in addressing the housing challenges faced by many families. By offering affordable housing, the organization helps to alleviate the financial burden that often comes with securing a place to live, allowing families to allocate their resources towards other essential needs. In doing so, CornerstoneLuke's Inc is playing a vital role in promoting stability and improving the living conditions for low-income families.
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Impact
October, 2024
Cornerstone St. Luke's Inc. significantly impacts the New York community by providing affordable housing for low-income families. By focusing on the acquisition, development, ownership, and operation of housing units, the organization has created 216 housing units specifically designed to meet the needs of families facing financial challenges. This effort not only addresses the urgent need for affordable living spaces but also fosters stability and quality of life for those who might otherwise struggle to find suitable housing in an urban environment. The organization's commitment to making housing accessible contributes to the overall well-being of the community, helping families build better futures.
This information is meant to be a general summary of Cornerstonest Luke's Inc. 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.
- Program Service Revenue: $328,320
- Gross Receipts: $328,320
Assets and Liabilities:
- Total Assets: $8,201,712
- Total Liabilities: $343
- Net Assets: $8,201,369
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON NOTE
Revenue
$328,320
Organization Details
Founding Year
1996
Phone
(202) 789-5300Principal Officer
Richard Burns
Main Address
122 EAST 42ND STREET SUITE 4900, NEW YORK, NY, 10168
NTEE Category
Code: L20 - Housing
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