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Cornerstone Folsom Gardens Corporation Ii

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 680340843 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Cornerstone Folsom Gardens Corporation Ii?

Cornerstone Folsom Gardens Corporation II is a not-for-profit organization, established in compliance with California's laws. Its primary objective is to acquire and manage a 48-unit apartment complex named Folsom Gardens Apartments II, situated in Folsom, California. This community-focused entity operates with the intention of providing affordable housing solutions, contributing positively to the local community. While the information provided does not detail any additional programs or services, it is clear that Cornerstone Folsom Gardens Corporation II prioritizes housing needs within its mission.


Is Cornerstone Folsom Gardens Corporation Ii legitimate?

Cornerstone Folsom Gardens Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cornerstone Folsom Gardens Corporation Ii 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $99,976

For more financial information, click here


What is the mission statement of Cornerstone Folsom Gardens Corporation Ii?
Who is the CEO of Cornerstone Folsom Gardens Corporation Ii?
What is the revenue of Cornerstone Folsom Gardens Corporation Ii?
Who are the executives of Cornerstone Folsom Gardens Corporation Ii and what are their salaries?
Where can I find the form 990 for Cornerstone Folsom Gardens Corporation Ii?

Mission Statement of Cornerstone Folsom Gardens Corporation Ii

Cornerstone Folsom Gardens Corporation II is a not-for-profit corporation established under the laws of California. Its primary mission is centered around acquiring and operating a 48-unit apartment community, known as Folsom Gardens Apartments II, located in Folsom, California. This organization is dedicated to providing a living space for its residents, fulfilling its role as a landlord and manager of this particular apartment community. It is important to note that Cornerstone Folsom Gardens Corporation II operates as a non-profit entity, meaning any surplus revenues are typically directed towards supporting its mission or community initiatives, rather than distributing profits to shareholders or owners.

Impact

This information is meant to be a general summary of Cornerstone Folsom Gardens Corporation Ii. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Cornerstone Folsom Gardens Corporation II's impact is focused on providing affordable housing through the operation of a 48-unit apartment community known as Folsom Gardens Apartments II in Folsom, California. By offering these housing units, the organization plays a crucial role in addressing the need for affordable housing in the community and supporting individuals and families in securing stable living arrangements. Through its mission, Cornerstone Folsom Gardens Corporation II contributes to enhancing the quality of life for residents in Folsom by providing a safe and sustainable housing option.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6
  • Program Service Revenue: $296,149
  • Gross Receipts: $593,557

    • Assets and Liabilities:
  • Total Assets: $1,327,769
  • Total Liabilities: $90,404
  • Net Assets: $1,237,365
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    NET RENTAL REVENUE

    Revenue

    $287,097

    ANCILLARY SERVICES

    Revenue

    $8,083

    OTHER REVENUE

    Revenue

    $969

    Organization Details

    Founding Year

    1994

    Principal Officer

    Stan Keasling

    Main Address

    1600 BROADWAY SUITE 2000, DENVER, CO, 802025704

    NTEE Category

    Code: L80Z - Housing

    If you are a representative of Cornerstone Folsom Gardens Corporation Ii and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.