Celesterling Foundation

EIN: 853672498 501(c)(3) Mental Health

Chicago, IL

Total Revenue
$2,285,422
Total Expenses
$2,229,944
Total Assets
$71,207
Net Assets
$70,878
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Principal Officer
Celestine Peete-Gildersleeve
Phone
7085335482
Tax Period
2023-07-01 to 2024-06-30

Celesterling Foundation, founded in 2020, is a community nonprofit in the Mental Health sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 3584% from the prior year, signaling strong growth momentum.

Mission

The Organization aims to end generational homelessness in the Chicagoland area by providing safe ad stable housing, along with comprehensive services that promote wellness and economic self-sufficiency.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,280,984
Program Service Revenue $0
Investment Income $0
Other Revenue $4,438
TOTAL REVENUE $2,285,422

Expense Breakdown

Grants Paid $0
Salaries & Benefits $724,308
Fundraising Expenses $0
Program Expenses $2,167,844
Other Expenses $1,505,636
TOTAL EXPENSES $2,229,944

Year-over-Year Comparison

2023 2022 Change
Revenue $2,285,422 $62,040 +35.8%
Expenses $2,229,944 $46,640 +46.8%
Net Income $55,478 $15,400 +2.6%
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
5
Independent Members
5
Employees
13
Volunteers
N/A

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
$136,731
Total Directors
5
$3,800
Key Employees
1
$136,731
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sherri Allen Reeves Executive Director 040.00
Officer Key Emp Highest
$136,731 $0 $136,731
Ron Archie Treasurer 001.00
Director
$3,800 $0 $3,800
Celestine Gildersleeve President 005.00
Director
$0 $0 $0
Patricia Haynes Vice President/Secretary 001.00
Director
$0 $0 $0
Mariusz Misiewicz Director 001.00
Director
$0 $0 $0
Margarita Gonzalez Director 001.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $2,285,422 $2,229,944 $71,207 $55,478
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