Overview
What is Cornerstone Residential Center No 9 Nfp?
Cornerstone Residential Center No 9 Nfp is a nonprofit organization, headquartered in Joliet, Illinois, specifically at 777 Joyce Road. Established with a sole purpose, this organization focuses on acquiring and operating a federally subsidized housing development in Shorewood, Illinois. The primary target demographic for this development are low-income individuals with disabilities, who are eligible to become tenants. The organization's mission is to provide appropriate housing for this specific population, thereby contributing to their overall well-being and improving their quality of life.
Is Cornerstone Residential Center No 9 Nfp legitimate?
Cornerstone Residential Center No 9 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No 9 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:
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What is the mission statement of Cornerstone Residential Center No 9 Nfp?
The Cornerstone Residential Center No 9 Nfp was established with a specific purpose: to acquire and operate a federally subsidized housing development. This development is intended for low-income individuals with disabilities. The primary objective of the organization is to provide suitable housing for this specific group of people. After successful construction, the organization has managed to build a residence in Shorewood, Illinois, specifically designed for eligible low-income individuals with disabilities. The organization's mission is centered around providing a sanctuary and support system for this underrepresented community.
Who is the CEO of Cornerstone Residential Center No 9 Nfp?
Benjamin T Stortz is the Immediate Past Chair of Cornerstone Residential Center No 9 Nfp.
What is the revenue of Cornerstone Residential Center No 9 Nfp?
Cornerstone Residential Center No 9 Nfp's revenue in 2022 was -$23,660.
Who are the executives of Cornerstone Residential Center No 9 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No 9 Nfp.
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- Related: $228,830
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Where can I find the form 990 for Cornerstone Residential Center No 9 Nfp?
Cornerstone Residential Center No 9 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No 9 Nfp
Cornerstone Residential Center No 9 Nfp was established with a singular mission: to acquire and operate a federally subsidized housing development. This organization is uniquely dedicated to providing accommodation for individuals who fall under the category of low-income persons with disabilities. The center's primary goal is to offer a secure and supportive living environment, ensuring that these individuals have access to essential housing resources. By successfully constructing a residence in Shorewood, Illinois, Cornerstone Residential Center No 9 Nfp has demonstrated its commitment to this mission, providing a much-needed service for individuals who may otherwise struggle to secure suitable housing.
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Impact
October, 2024
Cornerstone Residential Center No 9 Nfp plays a crucial role in providing stable and affordable housing for eligible low-income individuals with disabilities. By successfully establishing a residence in Shorewood, Illinois, it ensures that this underserved population has access to safe living conditions, which can significantly improve their quality of life.
The impact of this initiative extends beyond just housing; it fosters a sense of community and belonging for residents who may otherwise face isolation. By offering a supportive environment, residents can engage more fully in their local community, access necessary resources, and work towards achieving greater independence.
Moreover, by operating a federally subsidized housing development, Cornerstone Residential Center No 9 contributes to the broader mission of addressing housing disparities, ensuring that individuals with disabilities have a fair opportunity to find secure and affordable homes. This model not only meets immediate housing needs but also promotes long-term stability and empowerment for its residents.
This information is meant to be a general summary of Cornerstone Residential Center No 9 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: $6
- Gross Receipts: $56,183
Assets and Liabilities:
- Total Assets: $628,498
- Total Liabilities: $732,750
- Net Assets: -$104,252
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Organization Details
Founding Year
2012
Phone
(815) 727-6666Principal Officer
Benjamin T Stortz
Main Address
777 JOYCE ROAD, JOLIET, IL, 60436
NTEE Category
Code: L20 - Housing
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