Cornerstone Residential Center No 7 Nfp
Cornerstone Residential Center No 7 Nfp is a 501(c)(3) organization based in Joliet, Illinois, registered in 2011, with -$92,919 in FY2024 revenue.
777 Joyce Road, Joliet, IL, 60436 EIN 27-3733109 Since 2011
Revenue (FY2024)
-$93K
▲ 5.4% vs prior year
Housing median: $408K
Expenses (FY2024)
$0
Net assets
-$607K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Cornerstone Residential Center No 7 Nfp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
—Financial health25% of the ratingNo headline financials
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. Not scored for Cornerstone Residential Center No 7 Nfp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Cornerstone Residential Center No 7 Nfp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Cornerstone Residential Center No 7 Nfp: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 777 Joyce Road, Joliet, IL, 60436
- City
- Joliet
- State
- Illinois
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
Financial trends
Revenue declined from $0 (FY2010) to -$93K (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0MNet assets -$607K
Operating margin
-100.0%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$2.0M
Net assets
-$607K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | -$92,919▲5.4% | $0 | -$607,054▼18.1% | $1,427,854▼3.7% | 990 |
| 2023 | -$98,174▼6.8% | $0 | -$514,135▼23.6% | $1,482,269▼5.4% | 990 |
| 2022 | -$91,940▼4.1% | $0 | -$415,961▼28.4% | $1,567,463▼4.7% | 990 |
| 2021 | -$88,337▼2.9% | $0 | -$324,021▼37.5% | $1,644,563▼3.9% | 990 |
| 2020 | -$85,880▼11.0% | $0 | -$235,684▼57.3% | $1,711,065▼3.4% | 990 |
| 2019 | -$77,389▲4.5% | $0 | -$149,804▼107% | $1,772,185▼3.8% | 990 |
| 2018 | -$81,014▼14.7% | $0 | -$72,415▼942% | $1,841,974▼3.9% | 990 |
| 2017 | -$70,631▲1.2% | $0 | $8,599▼89.1% | $1,917,085▼4.5% | 990 |
| 2016 | -$71,466▲12.8% | $0 | $79,230▼47.4% | $2,007,725▼3.8% | 990 |
| 2015 | -$81,924▼1.3% | $0 | $150,696▼35.2% | $2,087,539▼2.9% | 990 |
| 2014 | -$80,863▼220% | $0 | $232,620▼25.8% | $2,150,905▼3.3% | 990 |
| 2013 | -$25,279 | $0 | $313,483▼7.5% | $2,225,393▲527% | 990 |
| 2012 | — | $0 | $338,762 | $355,192 | 990 |
| 2011 | — | $0 | $0 | $0 | 990 |
| 2010 | $0 | — | $0 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Cornerstone Residential Center No 7 Nfp a legitimate nonprofit?
- Yes. Cornerstone Residential Center No 7 Nfp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-3733109, based in Joliet, Illinois. Donations are tax-deductible.
- What is Cornerstone Residential Center No 7 Nfp's EIN?
- Cornerstone Residential Center No 7 Nfp's Employer Identification Number (EIN) is 27-3733109.
- How much revenue does Cornerstone Residential Center No 7 Nfp report?
- Cornerstone Residential Center No 7 Nfp reported -$92,919 in total revenue on its fiscal year 2024 IRS Form 990 filing.
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Data for Cornerstone Residential Center No 7 Nfp (EIN 27-3733109) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.