Overview
What is Cornerstone Community Development Corporation Nfp?
Cornerstone Community Development Corporation Nfp, also known as Ford Heights Community Development Organization, is a nonprofit organization situated in Ford Heights, Illinois. With a team of 14 dedicated individuals, their mission is to enhance the lives of underprivileged communities by offering emergency, supportive, and educational services during times of crisis. They strive to improve the overall quality of life in their community, providing aid when needed. Their programs are designed to empower and uplift, making a significant impact on the local population.
Official website here: www.fhcsoi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Stars)
Cornerstone Community Development Corporation has received a strong Four-Star rating from Charity Navigator, highlighting its commitment to accountability and finance. The organization scores exceptionally well in all assessed areas, achieving a perfect score for its independent board composition and financial oversight. This high rating indicates a robust governance structure and a strong commitment to transparency.
The organization demonstrates effective financial management, with a program expense ratio of 82.70%, ensuring that a significant portion of its resources is directed towards its programs. Additionally, there are no reported material diversions of assets, which reinforces the trustworthiness of the organization. The presence of well-defined policies, such as for conflict of interest and whistleblower protection, further underscores its dedication to ethical operations.
While the charity excels in financial and accountability metrics, there are no specific mentions of program outcomes or impact in the provided data. Prospective donors and supporters may want to look for additional information regarding the organization's effectiveness in achieving its mission and serving its community. However, overall, Cornerstone Community Development Corporation stands out as a dependable nonprofit with strong governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Cornerstone Community Development Corporation Nfp legitimate?
Cornerstone Community Development Corporation Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Community Development Corporation 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: $327,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $413,020
For more financial information, click here
Official website here: www.fhcsoi.org
What is the mission statement of Cornerstone Community Development Corporation Nfp?
The Cornerstone Community Development Corporation Nfp is committed to enhancing the living standards of underprivileged individuals and offering aid during times of crisis. Their mission primarily focuses on emergency, supportive, and educational services, with an aim to significantly improve the quality of life for the community they serve. They offer various programs to achieve this goal.
Official website here: www.fhcsoi.org
Who is the CEO of Cornerstone Community Development Corporation Nfp?
Angelia Smith is the President of Cornerstone Community Development Corporation Nfp.
Official website here: www.fhcsoi.org
What is the revenue of Cornerstone Community Development Corporation Nfp?
Cornerstone Community Development Corporation Nfp's revenue in 2022 was $2,702,177.
Official website here: www.fhcsoi.org
Who are the executives of Cornerstone Community Development Corporation Nfp and what are their salaries?
The average compensation at Cornerstone Community Development Corporation Nfp during 2022 was $52,925. There are 14 employees and 10 volunteers at Cornerstone Community Development Corporation Nfp.
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Official website here: www.fhcsoi.org
Where can I find the form 990 for Cornerstone Community Development Corporation Nfp?
Cornerstone Community Development Corporation Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhcsoi.org
Learn more at the official website: www.fhcsoi.org
Mission Statement of Cornerstone Community Development Corporation Nfp
Cornerstone Community Development Corporation Nfp is an organization dedicated to improving the lives of underprivileged individuals and providing assistance during times of crisis. Their mission, in essence, revolves around enhancing the quality of life for these individuals, with a strong emphasis on emergency, supportive, and educational services. By offering various programs, Cornerstone Community Development Corporation Nfp aims to uplift the community as a whole. Their efforts are geared towards providing emergency aid when needed, offering support to help individuals overcome challenges, and offering educational resources to foster growth and self-sufficiency.
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Impact
October, 2024
Cornerstone Community Development Corporation Nfp significantly enhances the quality of life for underprivileged individuals in Ford Heights, IL. By focusing on emergency, supportive, and educational services, it provides critical assistance during times of crisis. The organization offers various programs designed to uplift the community, addressing immediate needs while also fostering long-term educational growth. This multifaceted approach not only supports individuals in difficult circumstances but also contributes to the overall development and resilience of the community.
This information is meant to be a general summary of Cornerstone Community Development Corporation 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: $30
- Gross Receipts: $2,702,177
Assets and Liabilities:
- Total Assets: $3,840,611
- Total Liabilities: $84,691
- Net Assets: $3,755,920
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Organization Details
Founding Year
1968
Phone
(708) 758-2565Principal Officer
Angelia Smith
Main Address
943 EAST LINCOLIN HIGHWAY, Ford Heights, IL, 60411
Website
www.fhcsoi.orgNTEE Category
Code: B00 - Education
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