CORNERSTONE RESIDENTIAL CENTER NO10 NFP

EIN: 454728145 501(c)(3) Housing & Shelter

JOLIET, IL

Total Revenue
$-40,995
Total Expenses
N/A
Total Assets
$484,368
Net Assets
$-246,743
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
BENJAMIN T STORTZ
Phone
8157276666
Tax Period
2024-07-01 to 2025-06-30

CORNERSTONE RESIDENTIAL CENTER NO10 NFP, founded in 2012, is a micro nonprofit in the Housing & Shelter sector that reported $41K in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION WAS INCORPORATED FOR THE SOLE PURPOSE OF ACQUIRING AND OPERATING A FEDERALLY SUBSIDIZED HOSUING DEVELOPMENT IN SHOREWOOD, ILLINOIS WHOSE TENANTS ARE ELIGIBLE, LOW INCOME PERSONS WITH DISABILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3
Other Revenue $-40,998
TOTAL REVENUE $-40,995

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $-40,995 $-27,776 +0.5%
Expenses N/A N/A N/A
Net Income N/A $-27,776 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$297,944
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE PAONE IMMEDIATE PAST CHAIRPERSON 1.00
Director
$0 $0 $0
JOHN KELLA CHAIRPERSON 1.00
Director
$0 $0 $0
MINDY DIAZ VICE CHAIRPERSON 1.00
Director
$0 $0 $0
CORNELL LURRY TREASURER 1.00
Director
$0 $0 $0
ALEX BENIGNI SECRETARY 1.00
Director
$0 $0 $0
JANET SHAW-BINNS DIRECTOR 1.00
Director
$0 $0 $0
JUDY BLOCK DIRECTOR 1.00
Director
$0 $0 $0
BENJAMIN STORTZ OFFICER 1.00
Officer
$0 $0 $297,944
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $-40,995 No data $484,368 No data
2024 $-27,776 No data $517,000 No data
2023 $-26,256 No data $532,254 No data
2022 $-28,929 No data $569,311 No data
2021 $-24,731 No data $591,845 No data
2020 $-23,852 No data $607,629 No data
2019 $-28,908 No data $631,731 No data
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