Overview
What is Cornerstone Residential Center No10 Nfp?
Cornerstone Residential Center No10 Nfp is a nonprofit organization established with the primary objective of providing housing for eligible, low-income individuals with disabilities. Based in Shorewood, Illinois, the organization has constructed a residence to cater to this specific demographic. Their mission is singularly focused on acquiring and operating a federally subsidized housing development, providing a safe and supportive living environment for these individuals.
Is Cornerstone Residential Center No10 Nfp legitimate?
Cornerstone Residential Center No10 Nfp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Residential Center No10 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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Other Salaries and Wages: $0
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What is the mission statement of Cornerstone Residential Center No10 Nfp?
The Cornerstone Residential Center No10 Nfp was established with the primary objective of acquiring and managing a federally subsidized housing development, specifically designed for low-income individuals with disabilities. Their mission is centered around providing suitable housing for this specific population group, ensuring they have access to a secure living space. After successful construction, the organization has now operated a residence in Shorewood, Illinois, catering to eligible, low-income individuals with disabilities. The organization's purpose is to help these individuals secure a comfortable living environment, thereby contributing to their overall well-being.
Who is the CEO of Cornerstone Residential Center No10 Nfp?
Benjamin T Stortz is the Immediate Past Chairperson of Cornerstone Residential Center No10 Nfp.
What is the revenue of Cornerstone Residential Center No10 Nfp?
Cornerstone Residential Center No10 Nfp's revenue in 2022 was -$28,929.
Who are the executives of Cornerstone Residential Center No10 Nfp and what are their salaries?
There 7 volunteers at Cornerstone Residential Center No10 Nfp.
Here are 8 key members and their salaries:
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- Related: $228,830
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Where can I find the form 990 for Cornerstone Residential Center No10 Nfp?
Cornerstone Residential Center No10 Nfp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cornerstone Residential Center No10 Nfp
Cornerstone Residential Center No10 Nfp was established with a specific purpose: to procure and manage a federally subsidized housing development. This organization is dedicated to providing homes for individuals who fall under the category of low-income persons with disabilities. The mission of Cornerstone Residential Center No10 Nfp is to create a living space that caters to this unique demographic, offering them a safe and supportive environment. The organization has successfully materialized this vision by constructing a residence in Shorewood, Illinois, designed specifically for these eligible tenants.
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Impact
October, 2024
Cornerstone Residential Center No10 Nfp significantly impacts the community by providing stable, affordable housing for eligible low-income individuals with disabilities in Shorewood, Illinois. By successfully acquiring and operating a federally subsidized housing development, the organization addresses a critical need for accessible living environments tailored to enhance the quality of life for its residents.
This initiative fosters a supportive community, facilitating social inclusion while ensuring that individuals with disabilities have a safe place to live, which is essential for their independence and well-being. The center not only contributes to alleviating housing insecurity but also empowers residents by offering them a stable foundation from which they can pursue personal, social, and employment opportunities.
Overall, Cornerstone Residential Center No10 Nfp plays a crucial role in improving the lives of its tenants and promoting a more inclusive society.
This information is meant to be a general summary of Cornerstone Residential Center No10 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: $3
- Gross Receipts: $52,965
Assets and Liabilities:
- Total Assets: $569,311
- Total Liabilities: $721,027
- Net Assets: -$151,716
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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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