Overview
What is Turnstone Development Corporation?
Turnstone Development Corporation is a nonprofit organization, headquartered in Northlake, Illinois, specifically at 56 E North Ave Suite 100 100. Their primary mission is to provide affordable housing opportunities for families in need of assistance across the United States, aligning with both Illinois and federal nonprofit laws. With a dedicated team of four employees, this organization strives to make housing more accessible for those in need, contributing to a more equitable housing landscape in the country.
Official website here: www.turnstonedev.org
What are the reviews and ratings of this charity?
**Turnstone Development Corporation - Four-Star out of Four Star Rating (94%) on Charity Navigator**
Turnstone Development Corporation has earned a notable Four-Star rating from Charity Navigator, signifying a high level of accountability and financial health. The charity scored 94% overall, with the Accountability & Finance category making up the entirety of its score. This highlights the organization's strong governance, as evidenced by 100% independent board members and solid financial oversight practices.
Strengths include a strong commitment to transparency, with proper policies in place for conflict of interest and whistleblowing. Additionally, the organization's program expense ratio is impressive at 92.32%, indicating that the majority of its funds directly support its programs. These attributes reflect Turnstone's reliability and dedication to its mission, enhancing trust among donors and beneficiaries alike.
However, while the organization exhibits numerous strengths, the rating implies a lack of information on certain areas, such as its public accessibility via its website, which is noted as missing for its tax forms. The absence of user reviews from GreatNonprofits also limits insights into the recipient experience or potential areas for improvement in its service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Turnstone Development Corporation legitimate?
Turnstone Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Turnstone Development Corporation 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: $533,714
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,188
For more financial information, click here
Official website here: www.turnstonedev.org
What is the mission statement of Turnstone Development Corporation?
Turnstone Development Corporation's mission is centered around providing affordable housing opportunities for families in need of assistance throughout the United States. They strive to accomplish this by adhering to both Illinois and federal non-profit laws in their housing development endeavors. The corporation's goal is to make housing more accessible, thereby contributing to the well-being of numerous families across the nation.
Official website here: www.turnstonedev.org
What is the revenue of Turnstone Development Corporation?
Turnstone Development Corporation's revenue in 2023 was $4,740,964.
Official website here: www.turnstonedev.org
Who are the executives of Turnstone Development Corporation and what are their salaries?
The average compensation at Turnstone Development Corporation during 2023 was $161,976. There are 4 employees at Turnstone Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $335,536
- Related: $0
- Other: $0
- Compensation: $114,188
- Related: $0
- Other: $0
- Compensation: $183,178
- Related: $0
- Other: $0
Official website here: www.turnstonedev.org
Where can I find the form 990 for Turnstone Development Corporation?
Turnstone Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.turnstonedev.org
Learn more at the official website: www.turnstonedev.org
Mission Statement of Turnstone Development Corporation
Turnstone Development Corporation, as a nonprofit organization, is committed to providing affordable housing opportunities for families in need of housing assistance across the United States. Their mission is to develop housing in compliance with both Illinois and federal nonprofit laws, thereby making a significant impact in addressing housing needs nationwide. The corporation's primary goal is to offer affordable housing solutions, thereby contributing to the well-being and stability of numerous families in need.
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Impact
October, 2024
Turnstone Development Corporation significantly impacts communities by providing affordable housing opportunities for families in need across the United States. By focusing on affordable housing development, the organization addresses the critical issue of housing insecurity, ensuring that families have access to safe and stable environments. This initiative not only improves individual circumstances but also strengthens communities by fostering a sense of belonging and stability. The corporation adheres to Illinois and federal laws, demonstrating a commitment to responsible and ethical development practices. Through its efforts, Turnstone Development Corporation plays a vital role in enhancing the quality of life for numerous families, contributing to broader social equity and well-being.
This information is meant to be a general summary of Turnstone Development Corporation. 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 2023.
- Investment Income: $128,121
- Program Service Revenue: $4,794,686
- Gross Receipts: $5,672,650
Assets and Liabilities:
- Total Assets: $24,747,059
- Total Liabilities: $4,512,448
- Net Assets: $20,234,611
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$4,794,686
Organization Details
Founding Year
1979
Principal Officer
Susan Wiemer
Website
www.turnstonedev.orgNTEE Category
Code: L20 - Housing
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