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Turnstone Development Corporation

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

EIN: 363105849 ✦ Northlake, IL ✦ Designated as a 501(c)(3)

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.


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.

Here are some key statistics you may want to consider:

Executive Compensation: $1,071,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Turnstone Development Corporation?
Who is the CEO of Turnstone Development Corporation?
What is the revenue of Turnstone Development Corporation?
Who are the executives of Turnstone Development Corporation and what are their salaries?
Where can I find the form 990 for Turnstone Development Corporation?

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.

Impact

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.




Thursday, August 15, 2024

Turnstone Development Corporation's impact is evident in the provision of affordable housing opportunities for families in need across the United States. By focusing on developing affordable housing units in accordance with Illinois and federal nonprofit laws, Turnstone Development Corporation plays a crucial role in addressing the housing needs of families facing financial challenges. Their commitment to ensuring access to safe and affordable housing contributes to creating more stable and thriving communities.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,352
  • Program Service Revenue: $1,422,563
  • Gross Receipts: $8,199,572

    • Assets and Liabilities:
  • Total Assets: $24,747,059
  • Total Liabilities: $4,512,448
  • Net Assets: $20,234,611
  • Programs

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

    FEE INCOME

    Revenue

    $1,422,563

    Organization Details

    Founding Year

    1979

    Principal Officer

    Elzie Higginbottom

    Main Address

    56 E NORTH AVE SUITE 100 100, NORTHLAKE, IL, 60164

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Turnstone Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.